Showing 1 - 10 of 613,076
The empirical economic growth literature is criticized for its lack of robustness. For different definitions of … robustness, conclusions vary from "almost every correlation is fragile" to "a substantial number of explanatory variables are … robustness using quasi-experiments. The analysis pertains to sign, size and significance of the effects, and we relax the quasi …
Persistent link: https://www.econbiz.de/10014117833
Persistent link: https://www.econbiz.de/10001663831
Corruption is often a source of contentious debate, covering different areas of knowledge, such as philosophy and sociology. In this paper we assess the effects of corruption on economic activity and highlight the relevance of the size of the government. We use dynamic models and the Generalized...
Persistent link: https://www.econbiz.de/10012504814
This study investigates how governance and infrastructure moderate the effect of natural resource rents on economic growth using a sample of 110 countries, including 47 African countries from 2000 to 2018. The empirical evidence is based on Panel Smooth Transition Regressions(PSTR). The...
Persistent link: https://www.econbiz.de/10015057615
Persistent link: https://www.econbiz.de/10013261775
Persistent link: https://www.econbiz.de/10014309654
We suggest a robust form of conditional moment test as a constructive test for functional misspecification in multiplicative error models. The proposed test has power solely against violations of the conditional mean restriction but is not affected by any other type of model misspecification....
Persistent link: https://www.econbiz.de/10003796125
elements of model uncertainty, namely theory uncertainty and parameter heterogeneity, by unifying two recent econometric …
Persistent link: https://www.econbiz.de/10013034086
Since the influential survey by Windrum et al. (2007), research on empirical validation of agent-based models in economics has made substantial advances, thanks to a constant flow of high-quality contributions. This Chapter attempts to take stock of such recent literature to offer an updated...
Persistent link: https://www.econbiz.de/10011729421
This paper assesses the sensitivity of solvency stress testing results to the choice of credit risk variable and level of data aggregation at which the stress test is conducted. In practice, both choices are often determined by technical considerations, such as data availability. Using data for...
Persistent link: https://www.econbiz.de/10011802741