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Corporate Taxation and Investment : Explaining Investment Dynamics with Firm-Level Panel Data
Dwenger, Nadja - 2011
Using a firm-level panel data set I assess whether dynamic models of investment provide an empirically fruitful …) complementing the usual estimation of a distributed lag model. A correction term accounts for non-random sample attrition, which has … not been considered in previous studies on investment even though most (if not all) panel data sets on firms are …
Persistent link: https://www.econbiz.de/10013134247
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Corporate taxation and investment : explaining investment dynamics with firm-level panel data
Dwenger, Nadja - 2009
) complementing the usual estimation of a distributed lag model. A correction term accounts for non-random sample attrition, which has … not been considered in previous studies on investment even though most (if not all) panel data sets on firms are … corporate income tax rate was partly compensated for by stricter depreciation allowances. Investment dynamics appear to be …
Persistent link: https://www.econbiz.de/10003883175
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Corporate taxation and investment : explaining investment dynamics with firm-level panel data
Dwenger, Nadja - 2009
Using a firm-level panel data set I assess whether dynamic models of investment provide an empirically fruitful …) complementing the usual estimation of a distributed lag model. A correction term accounts for non-random sample attrition, which has … not been considered in previous studies on investment even though most (if not all) panel data sets on firms are …
Persistent link: https://www.econbiz.de/10003948533
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Effect of monetary-fiscal policies interaction on price and output growth in Nigeria
Musa, Yakubu; Asare, Barfour K.; Gulumbe, Shehu U. - In: CBN journal of applied statistics 4 (2013) 1, pp. 55-74
This paper investigates the effectiveness of monetary-fiscal policies interaction on price and output growth in Nigeria. The dynamic correlations of variables have been captured by the analyses of impulse response and variance decomposition. From innovation analyses, the results suggest that the...
Persistent link: https://www.econbiz.de/10011474838
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Fertility, Income Inequality, and Labour Productivity
Guest, Ross - 2010
There is mounting evidence of a complex system of multi-directional links between fertility, productivity and inequality. The contribution of this study is a multi-country analysis of these three variables as a simultaneous system in a VECM framework using annual time series data for the UK,...
Persistent link: https://www.econbiz.de/10012758318
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Panel cointegration estimates of the user cost elasticity
Schaller, Huntley; Voia, Marcel-Christian - In: Journal of macroeconomics 53 (2017), pp. 235-250
Persistent link: https://www.econbiz.de/10011753437
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Productivity convergence and economic growth : a frontier production function approach
Cornwell, Christopher Mark; Wächter, Jens-Uwe - 1999
The empirical growth literature has focused on capital accumulation but largely ignored productivity growth. To address this imbalance, we propose a methodology for analyzing productivity convergence based on frontier production functions. We examine whether departures from the frontier are...
Persistent link: https://www.econbiz.de/10010466016
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Comovement and catch-up in productivity across sectors : evidence from the OECD
Cornwell, Christopher Mark; Wächter, Jens-Uwe - 1999
A method for analyzing productivity convergence based on frontier production functions is proposed. It is examined whether departures from the frontier - country-level inefficiencies - exhibit long-run relationships and convergence. The method is applied to 1-digit industries of 14 OECD...
Persistent link: https://www.econbiz.de/10010466017
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A Panic Attack on Unit Roots and Cointegration
Bai, Jushan; Ng, Serena - 2002
individually spurious. We provide a rigorous theory for estimation and inference. In Monte Carlo simulations, the tests have very … constructed using the observed data. The key to PANIC is consistent estimation of the components even when the regressions are …
Persistent link: https://www.econbiz.de/10014121962
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Forecasting Economy with Bayesian Autoregressive Distributed Lag Model : Choosing Optimal Prior in Economic Downturn
Buss, Ginters - 2009
Bayesian inference requires an analyst to set priors. Setting the right prior is crucial for precise forecasts. This paper analyzes how optimal prior changes when an economy is hit by a recession. For this task, an autoregressive distributed lag model is chosen. The results show that a sharp...
Persistent link: https://www.econbiz.de/10013156355