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with the underlyingtheory. Based on a panel version of the Engle and Granger (1987) two-stepprocedure we find that the … residuals of our pooled estimated modelare stationary. This indicates that on a pooled time series levelthere is cointegration …
Persistent link: https://www.econbiz.de/10011299983
with the underlying theory. Based on a panel version of the Engle and Granger [Engle, R.F., Granger C.W.J., 1987. Co-integration … the residuals of the panel-based estimated monetary model are stationary. This indicates that on a pooled time series … level there is cointegration between the exchange rate and the macroeconomic fundamentals of this monetary model …
Persistent link: https://www.econbiz.de/10014141544
standard dynamic panel regression and cointegration techniques that have been used in earlier research. The findings reveal … station level adjustment mechanisms in dynamic panel regressions with climate data. The paper provides asymptotic analyses … massive bias in system GMM estimation of the dynamic panel regression parameters, which arise from fixed effect heterogeneity …
Persistent link: https://www.econbiz.de/10012265695
Persistent link: https://www.econbiz.de/10011948750
Persistent link: https://www.econbiz.de/10014448406
The paper shows how - using as an example the trade flows between eleven European countries and 31 OECD 'reporting' countries - the result of a gravity model, in terms of potential trade, changes substantially when country heterogeneity and dynamics are taken into account. Comparing the...
Persistent link: https://www.econbiz.de/10014073266
This paper examines the properties of the X-inefficiencies in U.S. bank holding companies derived from both stochastic and linear programming frontiers. This examination allows the robustness of results across methods to be compared. While we find that calculated programming inefficiency scores...
Persistent link: https://www.econbiz.de/10013032677
'' distribution, in addition to being more sensitive to the presence of outliers. We apply methods for conditional-quantile panel …
Persistent link: https://www.econbiz.de/10013095652
conflict and disaster. We exploit a large panel dataset that includes official development aid, and information about the … youth cohort as exogenous instrument for conflict. -- Disaster ; Conflict ; Aid Allocation ; Longitudinal Panel Methods …
Persistent link: https://www.econbiz.de/10009153392
panel regressions. Effects on productivity growth, capital and labor inputs as well as innovation activities are …
Persistent link: https://www.econbiz.de/10011303758