Focus is on efficient estimation of a dynamic space-time panel data model that incorporates spatial dependence … of spatial units and T the number of time periods. Quasi-maximum likelihood (QML) estimation in cases involving large N … estimates that require numerous inversions of large matrices. We set forth a Markov Chain Monte Carlo (MCMC) estimation …

Monetary search theory implies that the real effects of inflation via its impact on price dispersion depend on the … search theory. …

This paper proposes a spatial panel model for German matching functions to avoid possibly biased and inefficient …

countries considered can be classified. The dynamic panel econometric analysis for the period 1989-2006 reveals that balanced …

This paper presents a somewhat new econometric framework that permits simultaneous estimation of price-cost margins …, scale economies and productivity from a panel of establishment data. The econometric model contains only a few, economically …

economies from a panel of plant level data. The paper shows how this methodology provides a very flexible framework with only a …