We propose a two-stage estimation procedure to identify the effects of time-invariant regressors in a dynamic version of the Hausman-Taylor model. We first estimate the coefficients of the time-varying regressors and subsequently regress the first-stage residuals on the time-invariant regressors...

This paper uses Data Envelopment Analysis (DEA) model formulations in order to determine the performance levels of 16 departments of the University of Thessaly. Particularly, the constant returns to scale (CRS) and variable returns to scale (VRS) models have been applied alongside with bootstrap...

Markennamen spielen eine wichtige Rolle im Wirtschaftsleben. Doch wie hoch ist ihr Wert wirklich? Der hedonische Preisansatz ist geeignet, den Wert von Markennamen auf Produktebene zu bestimmen. Er wird in dieser Arbeit vorgestellt und auf die Surfboard-Industrie angewandt. Die...

The issues of zero trade observations and the validity of the log linear transformation of the gravity equation have generated a number of debates in the literature with differing claims about the most suitable estimation technique. To produce unbiased and consistent estimates for policy making,...

School systems regularly use student assessments for accountability purposes. But, as highlighted by our conceptual model, different configurations of assessment usage generate performance-conducive incentives of different strengths for different stakeholders in different school environments. We...

School systems regularly use student assessments for accountability purposes. But, as highlighted by our conceptual model, different configurations of assessment usage generate performance-conducive incentives of different strengths for different stakeholders in different school environments. We...

The growth of Foreign Direct Investment (FDI) in developing countries over the last decade has attracted an intense academic and policy-oriented interest for its determinants. Despite the gravity model being considered a useful tool to approximate bilateral FDI flows, the literature has seen a...

Conventional asymptotic and bootstrap methods for finite-order autoregressive models condition on the estimated lag-order of the model, which is later, used to construct the error bands for impulse response functions. Even if the estimated lag order is believed to be correct, this procedure...

The Greek Shipping Estimation Model aims to provide a coherent statistical framework for the estimation of Balance of Payments (BoP) items related to shipping activity, based on administrative sources and commercial databases. Given the multi-territorial nature of the shipping sector and its...

This study investigates estimation errors due to hidden costs — the costs of implementation that are neglected in strategic decision-making processes — in the context of services offshoring. Based on data from the Offshoring Research Network, we find that decision makers are more likely to...