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Estimating Dynamic Panel Data Models : A Practical Guide Fo Macroeconomists
Judson, Ruth; Owen, Ann L. - 1997
We use a Monte Carlo approach to investigate the performance of several different methods designed to reduce the bias of the estimated coefficients for dynamic panel data models estimated with the longer, narrower panels typical of macro data. We find that the bias of the least squares dummy...
Persistent link: https://www.econbiz.de/10014179218
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Fixed Effects Bias in Panel Data Estimators
Buddelmeyer, Hielke; Jensen, Paul H.; Oguzoglu, Umut; … - 2021
Since little is known about the degree of bias in estimated fixed effects in panel data models, we run Monte Carlo simulations on a range of different estimators. We find that Anderson-Hsiao IV, Kiviet's bias-corrected LSDV and GMM estimators all perform well in both short and long panels....
Persistent link: https://www.econbiz.de/10013325234
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Does increasing environmental policy stringency enhance renewable energy consumption in OECD countries?
Hassan, Mahmoud; Kouzez, Marc; Lee, Ji-Yong; Msolli, … - In: Energy economics 129 (2024), pp. 1-15
Persistent link: https://www.econbiz.de/10014558862
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Estimating the impact of climate change on agricultural production : accounting for technology heterogeneity across countries
Exenberger, Andreas; Pondorfer, Andreas; Wolters, Maik H. - 2014
We estimate the impact of climate change on agricultural production in a panel of 127 countries from 1961 to 2002. In contrast to the existing literature we account for cross-sectional dependence and technology heterogeneity. We find no significant impact of climate change on agricultural...
Persistent link: https://www.econbiz.de/10010354719
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Estimating the impact of climate change on agricultural production : accounting for technology heterogeneity across countries
Exenberger, Andreas; Pondorfer, Andreas; Wolters, Maik H. - 2014
We estimate the impact of climate change on agricultural production in a panel of 127 countries from 1961 to 2002. In contrast to the existing literature we account for cross-sectional dependence and technology heterogeneity. We find no significant impact of climate change on agricultural...
Persistent link: https://www.econbiz.de/10010348298
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OLS-Estimation of conditional and unconditional sigma- and beta-convergence of per capita income: Implications of Solow-Swan and Ramsey-Cass models
Maurer, Rainer - 1995
In this paper I discuss the general statistical relationships between beta- and sigmaconvergence (for a definition see section 2) and the implications of the Solow-Swan and Ramsey-Cass model for an OLS-estimation of beta- and sigma-convergence of the log of per capita GDP over a cross section of...
Persistent link: https://www.econbiz.de/10010275564
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Pitfalls In Estimating ß-Convergence By Means Of Panel Data: An Empirical Test
Bianchi, Carluccio; Calidoni, Federica; Menegatti, Mario - 2009
countries and decreasing growth rates over time within countries. The test considers different sub-groups in a dataset of 72 …
Persistent link: https://www.econbiz.de/10010343912
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Aid, Exports, and Growth : A Time-Series Perspective on the Dutch Disease Hypothesis
Prati, Alessandro - 2014
, imports, and per capita GDP growth to a “global” aid shock. We find that a global aid shock can affect exports, imports, and … growth either positively or negatively. As a result, the relation between aid and growth is mixed, consistent with the … reduces growth; and, when aid increases exports and imports, it also increases growth. This evidence is consistent with a DD …
Persistent link: https://www.econbiz.de/10013064195
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A Nonparametric and Semiparametric Analysis on the Inequality-Development Relationship
Li, Kui-Wai - 2015
This paper studies the income inequality and economic development relationship by using unbalanced panel data of OECD and non-OECD countries for the period 1962-2003. The nonparametric estimation results show that income inequality in OECD countries are almost on the backside of the inverted-U...
Persistent link: https://www.econbiz.de/10013011103
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Analyzing the Kuznets Relationship Using Nonparametric and Semiparametric Methods
Li, Kui-Wai - 2015
This paper studies the income inequality and economic development relationship by using unbalanced panel data of OECD and non-OECD countries for the period 1962 - 2003. The nonparametric estimation results show that income inequality in OECD countries are almost on the backside of the inverted-U...
Persistent link: https://www.econbiz.de/10013012060