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The inequality-growth plateau
Henderson, Daniel J.; Qian, Junhui; Wang, Le - 2015
We examine the (potentially nonlinear) relationship between inequality and growth using a method which does not require an a priori assumption on the underlying functional form. This approach reveals a plateau completely missed by commonly used (nonlinear) parametric approaches - the economy...
Persistent link: https://www.econbiz.de/10010469680
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Pseudo Conditional Maximum Likelihood Estimation of the Dynamic Logit Model for Binary Panel Data
Bartolucci, Francesco - 2010
We show how the dynamic logit model for binary panel data may be approximated by a quadratic exponential model. Under the approximating model, simple sufficient statistics exist for the subject-specific parameters introduced to capture the unobserved heterogeneity between subjects. The latter...
Persistent link: https://www.econbiz.de/10012717102
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Distribution free estimation of spatial autoregressive binary choice panel data models
Arduini, Tiziano - 2016
This paper proposes a semiparametric estimator for spatial autoregressive (SAR) binary choice models in the context of …) heteroskedasticity and autocorrelation. Without imposing any parametric structure on the error terms, we consider the semiparametric …
Persistent link: https://www.econbiz.de/10011705647
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Distribution Free Estimation of Spatial Autoregressive Binary Choice Panel Data Models
Arduini, Tiziano - 2016
This paper proposes a semiparametric estimator for spatial autoregressive (SAR) binary choice models in the context of …) heteroskedasticity and autocorrelation. Without imposing any parametric structure on the error terms, we consider the semiparametric …
Persistent link: https://www.econbiz.de/10013000198
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Estimating Semi-Parametric Panel Multinomial Choice Models Using Cyclic Monotonicity
Shi, Xiaoxia - 2018
This paper proposes a new semi-parametric identification and estimation approach to multinomial choice models in a …
Persistent link: https://www.econbiz.de/10012936363
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Smoothed Spatial Maximum Score Estimation of Spatial Autoregressive Binary Choice Panel Models
Lei, Jinghua - 2013
This paper considers spatial autoregressive (SAR) binary choice models in the context of panel data with fixed effects, where the latent dependent variables are spatially correlated. Without imposing any parametric structure of the error terms, this paper proposes a smoothed spatial maximum...
Persistent link: https://www.econbiz.de/10014151984
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Fixed-effects binary choice models with three or more periods
Davezies, Laurent; D'Haultfœuille, Xavier; Mugnier, Martin - In: Quantitative economics : QE ; journal of the … 14 (2023) 3, pp. 1105-1132
on these conditional moment restrictions reach the semiparametric efficiency bound. Finally, we illustrate our method by …
Persistent link: https://www.econbiz.de/10014362568
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Moment inequalities for multinomial choice with fixed effects
Pakes, Ariel; Porter, Jack - In: Quantitative economics : QE ; journal of the … 15 (2024) 1, pp. 1-25
This paper proposes a new approach to identification of the semiparametric multinomial choice model with fixed effects …. The framework employed is the semiparametric version of the traditional multinomial logit with the fixed-effects model … (Chamberlain (1980)). This semiparametric multinomial choice model places no restrictions on either the joint distribution of the …
Persistent link: https://www.econbiz.de/10014496919
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Do developing countries benefit from foreign direct investments?
Razzak, Weshah A.; Bentour, El Mostafa - 2012
In addition to the wide believed positive effects on growth, employment and wages, FDIs are often perceived as sources of funds for development. Developing countries, especially low income and emerging economies, welcome FDIs because of their favorable budgetary implications. All that resulted...
Persistent link: https://www.econbiz.de/10011526595
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Semiparametric Single-Index Panel Data Models with Interactive Fixed Effects : Theory and Practice
Feng, Guohua - 2016
In this paper, we propose a single-index panel data model with unobserved multiple interactive fixed effects. This model has the advantages of being flexible and of being able to allow for common shocks and their heterogeneous impacts on cross sections, thus making it suitable for the...
Persistent link: https://www.econbiz.de/10012979793