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Heterogeneity of consumption responses to income shocks in the presence of nonlinear persistence

Arellano, Manuel; Blundell, Richard W.; Bonhomme, Stéphane - 2023

the presence of unobserved heterogeneity. To reliably estimate heterogeneous responses in our un-balanced panel, we … develop Sequential Monte Carlo computational methods. We find substantial heterogeneity in consumption responses, and uncover … heterogeneity. …

Persistent link: https://www.econbiz.de/10014480421

Micro responses to macro shocks

Almuzara, Martín; Sancibrián, Victor - 2024

We study estimation and inference in panel data regression models when the regressors of interest are macro shocks, which speaks to a large empirical literature that targets impulse responses via local projections. Our results hold under general dynamics and are uniformly valid over the degree...

Persistent link: https://www.econbiz.de/10014581866

Forecasting with spatial panel data

Baltagi, Badi H.; Bresson, Georges; Pirotte, Alain - 2009

ignoring heterogeneity due to the individual effects, using Monte Carlo experiments. In addition, we check the performance of …

Persistent link: https://www.econbiz.de/10010268987

Assessment of a spatial panel model for the efficiency analysis of the heterogonous healthcare systems in the world

Jeleskovic, Vahidin; Schwanebeck, Benjamin - 2012

healthcare systems of WHO members with regard to spatial dependencies while distinguishing between heterogeneity and inefficiency …

Persistent link: https://www.econbiz.de/10010294387

Age-cohort-time effects in sickness absence: Exploring a large data set by polynomial regression

Biørn, Erik - 2013

and fourth-order polynomials on the other. Representing heterogeneity by cohort effects is compared with representing … heterogeneity by random and fixed individual effects. On the whole, the age coefficients in the estimated regressions are quite … sensitive to how heterogeneity is modeled. …

Persistent link: https://www.econbiz.de/10010330256

Re-examining the debt-growth nexus: A grouped fixed-effect approach

Gómez Puig, Marta; Sosvilla-Rivero, Simón; … - 2019

This paper uses panel data for 116 countries over the period 1995-2016 to investigate the heterogeneity of the debt … determined. In the second step, a multinomial logit model is used to explore the drivers of the heterogeneity detected, among …

Persistent link: https://www.econbiz.de/10012025070

Forecasting With Panel Data: Estimation Uncertainty Versus Parameter Heterogeneity

Pesaran, M. Hashem; Pick, Andreas; Timmermann, Allan - 2022

-sectional (N) and time (T) dimensions and varying degrees of parameter heterogeneity. We investigate conditions under which panel … accuracy depend on the degree of parameter heterogeneity, whether heterogeneity is correlated with the regressors, the goodness …

Persistent link: https://www.econbiz.de/10013266655

Heterogeneity in price elasticity of vehicle kilometers traveled: Evidence from micro-level panel data

Tilov, Ivan; Weber, Sylvain - 2020

elasticities than previous estimates based on aggregate data for Switzerland and reveal important heterogeneity in price …

Persistent link: https://www.econbiz.de/10012609080

Aid supplies over time: Accounting for heterogeneity, trends, and dynamics

Jones, Sam - 2011

heterogeneity and cross-section dependence. Results support the error correction framework, but point to very substantial … heterogeneity between countries. There is also good evidence that donor behaviour continues to evolve over time. As such, past …

Persistent link: https://www.econbiz.de/10010286203

PANEL DATA DOUBLE-HURDLE MODEL: AN APPLICATION TO DAIRY ADVERTISING

Dong, Diansheng; Chung, Chanjin; Kaiser, Harry M. - Agricultural and Applied Economics Association - AAEA - 2001

-specific heterogeneity. In the empirical application for milk purchase, we find that generic advertising increases the probability of market …

Persistent link: https://www.econbiz.de/10005536697