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Getting PPP right : identifying mean-reverting real exchange rates in panels
Chortareas, Georgios E. (contributor);  … - 2008
Recent advances in testing for the validity of Purchasing Power Parity (PPP) focus on the time series properties of real exchange rates in panel frameworks. One weakness of such tests, however, is that they fail to inform the researcher as to which cross-section units are stationary. As a...
Persistent link: https://www.econbiz.de/10003740322
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Debt and economic growth : does size matter? : evidence from dynamic parametric and static non-parametric approaches
Reyes-Tagle, Gerardo; Muñoz, Jorge - 2023
This paper provides new evidence on the effect of debt on economic growth through two alternative methodological approaches. On the one hand, by using a panel error correction model with a sample of 130 countries between 1980 and 2020, we found evidence of the existence of a range of debt-to-GDP...
Persistent link: https://www.econbiz.de/10014461312
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What is the relationship between national saving and investment in Latin America and the Caribbean?
Cavallo, Eduardo A.; Pedemonte, Mathieu - 2015
Using panel co-integration techniques and a comprehensive dataset covering the period 1980-2013, this paper finds a …
Persistent link: https://www.econbiz.de/10011339421
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The effect of income on positive and negative subjective well-being
Boes, Stefan (contributor); Winkelmann, Rainer (contributor) - 2006
Increasing evidence from the empirical economic and psychological literature suggests that positive and negative well-being are more than opposite ends of the same phenomenon. Two separate measures of the dependent variable may be needed when analyzing the determinants of subjective well-being....
Persistent link: https://www.econbiz.de/10003354431
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Regression with an imputed dependent variable
Crossley, Thomas F.; Levell, Peter; Poupakis, Stavros - 2020
Researchers are often interested in the relationship between two variables, with no single data set containing both. A common strategy is to use proxies for the dependent variable that are common to two surveys to impute the dependent variable into the data set containing the independent...
Persistent link: https://www.econbiz.de/10012253297
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Poverty, vulnerability and the middle class in Latin America
Stampini, Marco; Robles, Marcos; Sáenz, Mayra; … - 2015
Between 2000 and 2013, Latin America has considerably reduced poverty (from 46.3% to 29.7% of the population). In this paper, we use synthetic panels to show that, despite progress, the region remains characterized by substantial vulnerability that also affects the rising middle-class. More...
Persistent link: https://www.econbiz.de/10011290941
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Turn off the faucet : solving excess water consumption with individual meters
Carrillo, Paul E.; Contreras, Ivette; Scartascini, Carlos G. - 2021
When consumption of water and other utilities is measured collectively and payment for such services is equally shared … installation of individual meters affects water consumption. Using rich administrative data from the public water utility company … in Quito, Ecuador, it is estimated that water consumption decreases by about 8% as a result of the introduction of …
Persistent link: https://www.econbiz.de/10012668511
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Consumer panic in the COVID-19 pandemic
Keane, Michael P.; Neal, Timothy - 2020
Persistent link: https://www.econbiz.de/10012542184
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Testing for Equality between Two Copulas
Rémillard, Bruno; Scaillet, Olivier - Institut für Schweizerisches Bankwesen <Zürich> - 2008
We develop a test of equality between two dependence structures estimated through empirical copulas. We provide inference for independent or paired samples. The multiplier central limit theorem is used for calculating p-values of the Cramér-von Mises test statistic. Finite sample properties are...
Persistent link: https://www.econbiz.de/10005858034
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Off-balance sheet activities, inefficiency and market power of U.S. banks
Wheelock, David C.; Wilson, Paul W. - 2019
The Lerner index is widely used to assess firms' market power. However, estimation and interpretation present several challenges, especially for banks, which tend to produce multiple outputs and operate with considerable inefficiency. We estimate Lerner indices for U.S. banks for 2001-18 using...
Persistent link: https://www.econbiz.de/10011998070