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In our analysis we discuss several dynamic panel data estimators proposed in the literature and assess their … broadly into the class of instrumental estimators and the class of direct bias corrected estimators. The simulation results … these estimators decreases with growing numbers of individuals in the simulation. This is the well known fact of large …
Persistent link: https://www.econbiz.de/10001751405
In our analysis we discuss several dynamic panel data estimators proposed in the literature and assess their … broadly into the class of instrumental estimators and the class of direct bias corrected estimators. The simulation results … these estimators decreases with growing numbers of individuals in the simulation. This is the well known fact of large …
Persistent link: https://www.econbiz.de/10011431996
In our analysis we discuss several dynamic panel data estimators proposed in the literature and assess their … broadly into the class of instrumental estimators and the class of direct bias corrected estimators. The simulation results … these estimators decreases with growing numbers of individuals in the simulation. This is the well known fact of large …
Persistent link: https://www.econbiz.de/10010295751
For spatial data with a sufficiently long time dimension, the concept of global cointegration has been recently … included in the econometrics research agenda. Global cointegration arises when non-stationary time series are cointegrated both … homogeneous and heterogeneous panel data estimators to a Spatial Panel Error Correction Model (SpECM) for regional output growth …
Persistent link: https://www.econbiz.de/10008934338
For spatial data with a sufficiently long time dimension, the concept of global cointegration has been recently … included in the econometrics research agenda. Global cointegration arises when non-stationary time series are cointegrated both … homogeneous and heterogeneous panel data estimators to a Spatial Panel Error Correction Model (SpECM) for regional output growth …
Persistent link: https://www.econbiz.de/10013135867
on household panel data from the German Residential Energy Consumption Survey (GRECS) that span over nine years (2006 …
Persistent link: https://www.econbiz.de/10011962567
Persistent link: https://www.econbiz.de/10013436328
null of no cointegration can be decisively rejected by applying the panel cointegration test of Pedroni (1999). The … univariate Augmented Dickey-Fuller test as well as its panel data version, developed in Im, Pesaran, and Shin (2003), to test for …
Persistent link: https://www.econbiz.de/10011439458
For spatial data with a sufficiently long time dimension, the concept of global cointegration has been recently … included in the econometrics research agenda. Global cointegration arises when non-stationary time series are cointegrated both … homogeneous and heterogeneous panel data estimators to a Spatial Panel Error Correction Model (SpECM) for regional output growth …
Persistent link: https://www.econbiz.de/10011535894
In this paper, we review the most common specifications of discrete-time stochastic volatility (SV) models and illustrate the major principles of corresponding Markov Chain Monte Carlo (MCMC) based statistical inference. We provide a hands-on ap proach which is easily implemented in empirical...
Persistent link: https://www.econbiz.de/10003770817