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We study the role of employment protection legislation (EPL) in explaining the relative small average size of Italian firms. We construct a simple model that shows that the smooth relation between size and growth probability is disturbed in proximity of the thresholds at which EPL applies...
Persistent link: https://www.econbiz.de/10009477543
This paper documents that a process of industrial restructuring has been transforming the developed economies, where large corporations are accounting for less economic activity and small firms are accounting for a greater share of economic activity. Not all countries, however, are experiencing...
Persistent link: https://www.econbiz.de/10009442357
Improvement in the performance of agricultural markets was the ultimate goal of market liberalisation. In this paper, firm (trader) size distribution as a factor influencing market performance is analyzed using maize and fertilizer traders from Kenya. Firm size distribution was assessed by...
Persistent link: https://www.econbiz.de/10009442494
Despite the relevance in terms of policy, we still know little in Spain about where and by whom jobs are created, and how that is affecting the size distribution of firms. The main innovation of this paper is to use a rich database that overcomes the problems encountered by other firm-level...
Persistent link: https://www.econbiz.de/10012529543
lognormal population. The four statistical methods were: (i) the geometric mean (GM), (ii) a bias-corrected form of the …
Persistent link: https://www.econbiz.de/10009429560
Statistical models involving latent variables are widely used in many areas of applications, such as biomedical science and social science. When likelihood-based parametric inferential methods are used to make statistical inference, certain distributional assumptions on the latent variables are...
Persistent link: https://www.econbiz.de/10009431306
2SPS and 2SRI for logistic binary outcomes have not been thoroughly studied. We study the bias and variance properties … trial. We first present closed form expressions of asymptotic bias for the causal odds ratio from both 2SPS and 2SRI … approaches. Our closed form bias results show that the 2SPS logistic regression generates asymptotically biased estimates of this …
Persistent link: https://www.econbiz.de/10009439053
Two-stage sampling usually leads to higher variances for estimators of means and regression coefficients, because of intra-cluster homogeneity. One way of allowing for clustering in fitting a linear regression model is to use a linear mixed model with two levels. If the estimated intra-cluster...
Persistent link: https://www.econbiz.de/10009457371
It is well-known that bias such as lead-time and length distort studies of screening efficacy whether survival or … incidence is of interest. A third bias, usually called overdiagnosis bias, occurs when an individual is only diagnosed with … disease before death from a different cause because he/she is screened. These forms of bias can also arise in observational …
Persistent link: https://www.econbiz.de/10009462767
bias preventive approach developed by Firth (1993) to handlethe bias of an estimator of the log-odds ratio parameter in … conditional logistic regression bysolving a modified score equation. The resultant estimator not only reduces bias but alsocan …
Persistent link: https://www.econbiz.de/10009464883