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This study examines the heterogeneity of foreign banks in the income diversification and performance nexus. We utilize annual bank data across 46 countries in Sub-Saharan Africa over the period 2011-2018 and find that increased income diversification improves banks performance, and the Global...
Persistent link: https://www.econbiz.de/10013175414
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This paper investigates the power properties of the Sargan test in the presence of measurement errors in dynamic panel data models. The general conclusion from the Monte Carlo simulations is that the Sargan test, in many cases, leads the econometrician to accept misspecified models with...
Persistent link: https://www.econbiz.de/10010321705
Persistent link: https://www.econbiz.de/10009423314
This paper investigates the power properties of the Sargan test in the presence of measurement errors in dynamic panel data models. The general conclusion from the Monte Carlo simulations is that the Sargan test, in many cases, leads the econometrician to accept misspecified models with...
Persistent link: https://www.econbiz.de/10011585829
Persistent link: https://www.econbiz.de/10000645197
Persistent link: https://www.econbiz.de/10003306915
GDP growth is often measured poorly for countries and rarely measured at all for cities. We propose a readily available proxy: satellite data on lights at night. Our statistical framework uses light growth to supplement existing income growth measures. The framework is applied to countries with...
Persistent link: https://www.econbiz.de/10003897820
Persistent link: https://www.econbiz.de/10003870303
German municipalities are expected to suffer from (often significant) population losses in the upcoming decades. We … elasticity of local government cost functions to population size. We find that costs rise (fall) underproportionally with … population size for small municipalities, whereas this is less the case for larger municipalities. This implies that especially …
Persistent link: https://www.econbiz.de/10003480058