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Impact of CEPA on the labor market of Hong Kong
Ching, Steve; Hsiao, Cheng; Wan, Shui Ki - In: China Economic Review 23 (2012) 4, pp. 975-981
A panel data method is used to evaluate the impact of the Closer Economic Partnership Agreement (CEPA) signed between Mainland China and Hong Kong. Using the time series data of Hong Kong, Austria, Denmark, Finland, France, Germany, Italy, Japan, Korea, Netherlands, Norway, Singapore, Taiwan,...
Persistent link: https://www.econbiz.de/10010591931
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The Measurement Error Problem in Dynamic Panel Data Analysis: Modeling and GMM Estimation
Biørn, Erik - Økonomisk institutt, Universitetet i Oslo - 2012
The Generalized Method of Moments (GMM) is discussed for handling the joint occurrence of fixed effects and random … is assumed. Two specializations of GMM are considered: (i) using instruments (IVs) in levels for a differenced version of … sample biases and IV quality are illustrated by Monte Carlo simulations. Overall, with respect to bias and IV strength, GMM …
Persistent link: https://www.econbiz.de/10010785528
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Convergence in price levels across US cities
Huang, Ho-Chuan; Liu, Wei-Han; Yeh, Chih-Chuan - In: Economics Letters 114 (2012) 3, pp. 245-248
This paper empirically tests for convergence in consumer price indices across 17 major cities in US over the 1918–2008 period. By using the novel OLS estimator introduced by Bao, Y., Dhongde, S., 2009. Testing convergence in income distribution. Oxford Bulletin of Economics and Statistics 71,...
Persistent link: https://www.econbiz.de/10010576409
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Panel Data Dynamics and Measurement Errors: GMM Bias, IV Validity and Model Fit – A Monte Carlo Study
Biørn, Erik; Han, Xuehui - Økonomisk institutt, Universitetet i Oslo - 2012
memory of disturbances, latent regressors and measurement errors is considered. Finite sample properties of GMM estimators …
Persistent link: https://www.econbiz.de/10010819019
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Oracle inequalities for high-dimensional panel data models
Kock, Anders Bredahl - School of Economics and Management, University of Aarhus - 2013
This paper is concerned with high-dimensional panel data models where the number of regressors can be much larger than the sample size. Under the assumption that the true parameter vector is sparse we establish finite sample upper bounds on the estimation error of the Lasso under two different...
Persistent link: https://www.econbiz.de/10010851282
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Regulation, governance and informality: an empirical analysis of selected countries
Roychowdhury, Punarjit; Dutta, Mousumi - Volkswirtschaftliche Fakultät, … - 2011
The Informal Economy provides employment to more than 60 per cent of the labour population in the developing world despite being a site unfettered by regulations and social norms of fairness governing pay and work conditions. In assessing the factors behind an informal agent’s decision to...
Persistent link: https://www.econbiz.de/10009323213
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A root-N consistent estimator for some fixed-effects panel data sample selection models
Ai, Chunrong; Meng, Meixia - In: Economics Letters 116 (2012) 3, pp. 411-413
The aim of this note is to present a root-N consistent estimator for the regression coefficients in a fixed-effects panel data sample selection model that has one selection equation and two regression equations. Other than the condition that the error terms satisfy a control function type of...
Persistent link: https://www.econbiz.de/10010594084
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Estimating efficiency spillovers with state level evidence for manufacturing in the US
Glass, Anthony; Kenjegalieva, Karligash; Sickles, Robin C. - In: Economics Letters 123 (2014) 2, pp. 154-159
Unit specific effects are often used to estimate non-spatial efficiency. We extend such estimators to the case where there is spatial autoregressive dependence and introduce the concept of spillover efficiency. Intuitively, we present an approach to benchmark how successful units are at...
Persistent link: https://www.econbiz.de/10010906375
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Common correlated effects and international risk sharing
Fuleky, Peter; Ventura, Luigi; Zhao, Qianxue - University of Hawai'i Economic Research Organization … - 2013
Existing studies of risk pooling among groups of countries are predicated upon the highly restrictive assumption that all countries have symmetric responses to aggregate shocks. We show that the conventional risk sharing test fails to isolate idiosyncratic fluctuations within countries and...
Persistent link: https://www.econbiz.de/10010933381
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Common correlated effects and international risk sharing
Fuleky, Peter; Ventura, Luigi; Zhao, Qianxue - University of Hawai'i Economic Research Organization … - 2013
International risk sharing has been among the most actively researched areas of macroeconomics for the last two decades. Empirical contributions in this field make extensive use of so called "consumption insurance" tests evaluating the extent to which idiosyncratic shocks in income get...
Persistent link: https://www.econbiz.de/10010659894