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Widening income disparities, higher corruption and larger informality in many emerging market and developing economies (EMDE) including Latin America, all with pressing and mounting fiscal problems, have rekindled interest in the empirical analysis of the key factors determining the occurrence...
Persistent link: https://www.econbiz.de/10015329951
TWFE panel data Difference-in-Differences (DID) model to define the correct statistical framework of the study, and to …
Persistent link: https://www.econbiz.de/10014563801
real exchange rates in panel frameworks. One weakness of such tests, however, is that they fail to inform the researcher as … a small number of real exchange rates in a given panel may drive the results. In this paper we examine the PPP … when applied to a set of established panel-unit-root tests, allows the identification of the real exchange rates that are …
Persistent link: https://www.econbiz.de/10003740322
behaviour. We employ panel estimation method with a pooled mean group estimator. The results do confirm the thesis that foreign …
Persistent link: https://www.econbiz.de/10011702752
This paper builds up a simple New Keynesian model and revisits the relationship between unemployment and in ation in the long-run. It finds that when the labor market is affected by downward nominal wage rigidity, this relationship goes beyond the tradeoff between the first moments of...
Persistent link: https://www.econbiz.de/10012429726
approaches. On the one hand, by using a panel error correction model with a sample of 130 countries between 1980 and 2020, we …
Persistent link: https://www.econbiz.de/10014461312
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
The bivariate probit model is frequently used for estimating the effect of an endogenous binary regressor on a binary outcome variable. This paper discusses simple modifications that maintain the probit assumption for the marginal distributions while introducing non-normal dependence among the...
Persistent link: https://www.econbiz.de/10003900958
This paper considers spatial autoregressive panel data models and extends their analysis to the case where the spatial … section dimensions of the panel are large. It derives the asymptotic covariance matrix of the QML estimators allowing for the … sample properties for panels with moderate time dimensions and irrespective of the number of cross section units in the panel …
Persistent link: https://www.econbiz.de/10011283005
econometric models. A flexible multiple-index ordered probit panel data model with varying thresholds can identify response … asymmetries in single-item measures of subjective well-being. An application to data from the German Socio-Economic Panel for 1984 …
Persistent link: https://www.econbiz.de/10003354431