Showing 1 - 10 of 22
Both global imbalances and financial market (de-)regulation feature prominently among the potential causes of the global financial crisis, but they have been largely discussed separately. In this paper, we take a different angle and investigate the relationship between financial market...
Persistent link: https://www.econbiz.de/10010435737
Model uncertainty hampers consensus on the key determinants of economic growth. Some recent cross-country cross-sectional analyses have employed Bayesian Model Averaging to tackle the issue of model uncertainty. This paper extends that approach to panel data models with country-specific fixed...
Persistent link: https://www.econbiz.de/10012530307
Model uncertainty hampers consensus on the main determinants of corporate default. We employ Bayesian model averaging (BMA) techniques in order to shed light on this issue. Empirical findings suggest that the most robust determinants of corporate default are firm-specific variables such as the...
Persistent link: https://www.econbiz.de/10012530383
Tanto los desequilibrios mundiales como la (des)regulación de los mercados fi nancieros destacan como posibles causas de la crisis fi nanciera mundial. En este documento se investiga la posible relación entre ambos fenómenos ; concretamente, analizamos la relación entra la (des)regulación...
Persistent link: https://www.econbiz.de/10012530451
En este documento se analiza la estimación por máxima verosimilitud de modelos lineales de datos de panel con efectos fijos y regresores endógenos. El estimador máximo verosímil resultante es asintóticamente equivalente a estimadores de panel por el Método Generalizado de Momentos...
Persistent link: https://www.econbiz.de/10012548701
Both global imbalances and financial market (de-)regulation feature prominently among the potential causes of the global financial crisis, but they have been largely discussed separately. In this paper, we take a different angle and investigate the relationship between financial market...
Persistent link: https://www.econbiz.de/10011082830
Global imbalances and financial market (de)regulation both feature prominently among the potential causes of the global financial crisis, but they have been generally discussed separately. In this paper, we take a different angle and investigate the relationship between financial market...
Persistent link: https://www.econbiz.de/10010894465
Total Factor Productivity (TFP) accounts for a sizable proportion of the income differences across countries. Two challenges remain to researchers aiming to explain these differences: on the one hand, TFP growth is hard to measure empirically; on the other hand, model uncertainty hampers...
Persistent link: https://www.econbiz.de/10010845916
This paper analyzes the most important determinants of healthcare efficiency across OECD countries. As previously documented in the literature, we first provide evidence of significant differences in the cross-country level of efficiency in healthcare provision. We then investigate how...
Persistent link: https://www.econbiz.de/10010863334
Model uncertainty hampers consensus on the key determinants of economic growth. Some recent cross-country cross-sectional analyses have employed Bayesian model averaging to tackle the issue of model uncertainty. This paper extends that approach to panel data models with country-specific fixed...
Persistent link: https://www.econbiz.de/10011009978