Similar Search Results

Econometrics issues in forward-looking monetary models

Mavroeidis, Sophocles; Hendry, David - 2002

of the single-equation formulations. We provide extensions to existing results on the properties of GMM estimators and … parameters are weakly identified and the GMM estimators are inconsistent and biased in the direction of OLS.We also ¯nd the OLS …

Persistent link: https://www.econbiz.de/10009441413

How capital structure adjusts dynamically during financial crises

Ariff, Mohamed; Taufiq, Hassan; Shamsher, Mohamad - 2008

The availability of a unique data set of financially distressed firms enabled this study to apply the dynamic capital structure adjustment model to a study of capital structure. In addition, the factors driving capital structure adjustment of financially distressed and of healthy firms were...

Persistent link: https://www.econbiz.de/10009441702

Preference erosion and the developing countries exports to the EU: a dynamic panel gravity approach

Raimondi, Valentina; Scoppola, Margherita; Olper, Alessandro - 2011

Since 2004 there has been a sharp decrease in border protection for the EU rice industry. Because the EU grants trade preferences to a considerable number of rice exporting developing countries, the reform implied preference erosion as well. By addressing the impact of preference erosion on...

Persistent link: https://www.econbiz.de/10009442292

Financial Risks, Bankruptcy Probabilities, and the Investment Behaviour of Enterprises

Kirchesch, Kai - 2004

The link between investment and finance usually enters the empirical literature in the form of financial constraints which are defined as the wedge between the costs of internal and external finance or as the risk of being rationed on the credit market. In this context, the sensitivity of...

Persistent link: https://www.econbiz.de/10009442380

Countercyclical Price Movements during Periods of Peak Demand: Evidence from Grocery Retail Price for Avocados

Li, Lan; Carman, Hoy F.; Sexton, Richard J. - 2008

statistically different between large and small size of avocados. Furthermore, shipping price did not change or increased slightly …

Persistent link: https://www.econbiz.de/10009443278

The Dark Side of Coffee Market Power in the German Market for Roasted Coffee

Koerner, Julia - 2002

Germany is the second important coffee market in the world, just overshadowed by the United States. Coffee is the most …

Persistent link: https://www.econbiz.de/10009443821

Impact of Foreign Intellectual Property Rights Protection on U.S. Exports and FDI

Gu, Weishi - 2009

was based on a dynamic system GMM modeling framework. The empirical results suggest that IPR has a weak negative effect on …

Persistent link: https://www.econbiz.de/10009444727

GMM with Many Weak Moment Conditions

Newey, Whitney K.; Windmeijer, Frank - 2008

Using many moment conditions can improve efficiency but makes the usual generalized method of moments (GMM) inferences … inaccurate. Two-step GMM is biased. Generalized empirical likelihood (GEL) has smaller bias, but the usual standard errors are … under many weak moments. In addition, we introduce a jackknife GMM estimator, but find that GEL is asymptotically more …

Persistent link: https://www.econbiz.de/10009479997

A Test of a Two-Factor 'Market and Oil' Pricing Model

Faff, Robert W; Brailsford, Tim - 1999

In this paper we employ a GMM-based approach to test the restrictions imposed by a two-factor 'market and oil' pricing …

Persistent link: https://www.econbiz.de/10009451584

Company capital structure and tax: a study of mid-sized European companies

Cheng, Yue - 2008

costs incurred when they work back gradually to the optimal level. Arellano-Bond (1991) GMM estimator is applied to obtain …

Persistent link: https://www.econbiz.de/10009461243