Showing 1 - 10 of 1,748
children between 0 and 5 years over three periods. To control for endogeneity and serial correlation we employ different GMM …
Persistent link: https://www.econbiz.de/10010316808
The Great Chinese Famine of 1959-1961 is puzzling, since despite the high death rates, there is no discernable diminution in height amongst the majority of cohorts who were exposed to the famine in crucial growth years. An explanation is that shorter children experienced greater mortality and...
Persistent link: https://www.econbiz.de/10005761777
Fukuoka Prefecture in Japan. It turns out that the conventional quasi-differenced GMM estimator gives unconvincing results …, while some of the GMM estimators proposed by Kitazawa (2007) give convincing results. The convincing results suggest that …
Persistent link: https://www.econbiz.de/10008541397
In this paper we test the existence of rational habit formation in a multivariate model for alcohol and tobacco consumption. The theoretical framework, based on a dynamic adjustment cost model with forward-looking behaviour, is enhanced to include the intertemporal interactions between the two...
Persistent link: https://www.econbiz.de/10011265780
In this paper we test the existence of rational habit formation in a multivariate model for alcohol and tobacco consumption. The theoretical framework, based on a dynamic adjustment cost model with forward-looking behaviour, is enhanced to include the intertemporal interactions between the two...
Persistent link: https://www.econbiz.de/10005770044
the Generalized Method of Moments (GMM) approach. The resulting parameter value of CRRA confirms to the empirical range … for developing countries (as given in, Cardenas and Carpenter, 2008). The GMM estimator for the discount factor reinforces …
Persistent link: https://www.econbiz.de/10011108805
moments (GMM) sample moment conditions. In particular, we show that the part of the scaled sample moment conditions that gives …
Persistent link: https://www.econbiz.de/10010292306
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/10010295432
standard GMM estimators for dynamic panels in a second step. Our results show that ignorance of the spatial correlation leads … to potentially misleading results. Applying a system GMM estimator on the filtered variables, we obtain a speed of …
Persistent link: https://www.econbiz.de/10010295552
sample properties of the GMM-methods. In the case of endogenous predetermined regressors, the system-estimator proposed by … Blundell and Bond is unbiased and most efficient, while direct bias corrected estimators perform similar to the GMM … die bekannt günstigen Eigenschaften von GMM-Schätzern bei großer Beobachtungszahl wider. Im Falle endogener …
Persistent link: https://www.econbiz.de/10010295751