Narrow search
Showing 1 - 10 of 11,181
Cover Image
The price-quantity decomposition of capital values revisited : framework and examples
Biørn, Erik - 2014 - This version December 2014
The often discussed problems of aggregating tangible capital assets across vintages and of decomposing value aggregates into quantity and price aggregates are revisited. For stock values and service flow values, some new results are given, and illustrated by examples, along with...
Persistent link: https://www.econbiz.de/10010442013
Cover Image
Panel data estimators and aggregation
Biørn, Erik - 2016
For a panel data regression equation with two-way unobserved heterogeneity, individual-specific and period-specific, ‘within-individual’ and ‘within-period’ estimators, which can be given Ordinary Least Squares (OLS) or Instrumental Variables (IV) interpretations, are considered. A class...
Persistent link: https://www.econbiz.de/10011585187
Cover Image
Aggregation in large dynamic panels
Pesaran, M. Hashem; Chudik, Alexander - 2011
This paper considers the problem of aggregation in the case of large linear dynamic panels, where each micro unit is … Pesaran (2003), an optimal aggregate function is derived, and the limiting behavior of the aggregation error is investigated … which "observed" inflation persistence at the aggregate level is due to aggregation and/or common unobserved factors. Our …
Persistent link: https://www.econbiz.de/10009010169
Cover Image
Aggregation in large dynamic panels
Pesaran, M. Hashem; Chudik, Alexander - 2011
This paper considers the problem of aggregation in the case of large linear dynamic panels, where each micro unit is … Pesaran (2003), an optimal aggregate function is derived, and the limiting behavior of the aggregation error is investigated … which "observed" inflation persistence at the aggregate level is due to aggregation and/or common unobserved factors. Our …
Persistent link: https://www.econbiz.de/10009130496
Cover Image
On the capital structure of foreign subsidiaries : evidence from a panel data quantile regression model
Miniaci, Raffaele; Panteghini, Paolo - 2021
This paper studies how variations in tax rates and profitability affect the (unconditional) quantiles of the distribution of the leverage of European foreign owned subsidiaries in the presence of unobserved company characteristics, possibly correlated with their observable dimensions. To achieve...
Persistent link: https://www.econbiz.de/10012514927
Cover Image
Financing obstacles and growth : an analysis for euro area non-financial corporations
Coluzzi, Chiara; Ferrando, Annalisa; … - 2009
This paper investigates whether financial obstacles, and, more generally, financial pressure faced by firms, significantly affect firm growth. For this purpose, we use an unbalanced panel of about 1,000,000 observations for around 155,000 non-financial corporations in five euro area countries....
Persistent link: https://www.econbiz.de/10003826608
Cover Image
Identifying credit supply shocks with bank-firm data : methods and applications
Degryse, Hans; De Jonghe, Olivier; Jakovljević, Sanja; … - 2018
Current empirical methods to identify and assess the impact of bank credit supply shocks rely strictly on multi-bank firms and ignore firms borrowing from only one bank. Yet, these single-bank firms are often the majority of firms in an economy and most prone to credit supply shocks. We propose...
Persistent link: https://www.econbiz.de/10011920502
Cover Image
Verzerrungen von Konsumentenpreisindizes und ihr Einfluss auf das "reale" Wirtschaftswachstum : dargestellt am Beispiel der USA
Hartwig, Jochen (contributor); Schips, Bernd (contributor) - 2004 - [Elektronische Ressource]
Der Aufsatz gibt einen Überblick über die Quellen von Verzerrungen des US-amerikanischen Konsumentenpreisindexes (CPI) nach oben und unten und diskutiert die Massnahmen, die das Bureau of Labor Statistics ergriffen hat, um sie zu beseitigen. Die verbliebenen Verzerrungen werden quantifiziert....
Persistent link: https://www.econbiz.de/10002521570
Cover Image
On misusing national accounts data for governance purposes
Hartwig, Jochen (contributor) - 2005
According to KENDRICK (1996, p. 1), National Accounts have become "an indispensable tool for macroeconomic analysis, projections, and policy formulation". The paper elaborates on this statement, addressing policy domains that rely heavily on National Accounts data. Yet - useful as they are -...
Persistent link: https://www.econbiz.de/10002746141
Cover Image
Expectation errors, uncertainty and economic activity
Arslan, Yavuz; Atabek, Aslıhan; Hülagü, Timur; … - 2011
The aim of this study is to analyze the relationship between uncertainty and economic activity. For this purpose, we use a confidential firm level panel data set (Business Tendency Survey) from Turkey to form three uncertainty measures, namely total, idiosyncratic and aggregate uncertainty. In...
Persistent link: https://www.econbiz.de/10009407660