Showing 1 - 10 of 182
This paper discusses two longstanding questions in growth econometrics which involve multiple hypothesis testing. In cross sectional GDP growth regressions many variables are simultaneously tested for significance. Similarly, when investigating pairwise convergence of output in panel data sets...
Persistent link: https://www.econbiz.de/10010270240
This paper argues that typical applications of panel unit root tests should take possible nonstationarity in the volatility process of the innovations of the panel time series into account. Nonstationarity volatility arises for instance when there are structural breaks in the innovation...
Persistent link: https://www.econbiz.de/10010329271
bootstrap application are required to this end, unlike for the ADF test. When adjusting the differences for deterministic …
Persistent link: https://www.econbiz.de/10010270299
In this paper, we propose three new tests for serial correlation in the disturbances of fixed-effects panel data models. First, a modified Bhargava, Franzini and Narendranathan (1982) panel Durbin-Watson statistic that does not need to be tabulated as it follows a standard normal distribution....
Persistent link: https://www.econbiz.de/10010270757
While the limiting null distributions of cointegration tests are invariant to a certain amount of conditional heteroskedasticity as long as global homoskedasticity conditions are fulfilled, they are certainly affected when the innovations exhibit time-varying volatility. Worse yet, distortions...
Persistent link: https://www.econbiz.de/10010310135
heteroskedasticity, we discuss three alternative approaches. We employ (1) the wild bootstrap (Cavaliere and Taylor, 2008, ET), (2 …
Persistent link: https://www.econbiz.de/10011301512
The aim of this paper is to analyze the intra-urban spatial distribution of employment in the agglomeration of Ile-de-France in 1978 and 1997. In that purpose, exploratory spatial data analysis is used in order to identify employment centers and a sectoral analysis of the CBD and the subcenters...
Persistent link: https://www.econbiz.de/10011318744
Since Florida (2002b) revealed the importance of creative skills on economic growth, the notion of "creative class" has been deepened to analyze factors that shape the geography of talent of creative people. In spite of some strong correlations between artistic or cultural vibrancy, Third...
Persistent link: https://www.econbiz.de/10011332385
Many regression models are used to provide some recommendations in private sectors or government public policy. Data are usually obtained from several districts which may varies from one to the others. Assuming there is no significant variation among local data, a single global model may provide...
Persistent link: https://www.econbiz.de/10011397561
The term urban sprawl is often used to describe apparent inefficiencies of spatial development, including disproportionate growth of urban areas and excessive leapfrog development. In Switzerland, where open space is a scare resource, sprawl takes place all over the country. It goes at the...
Persistent link: https://www.econbiz.de/10011400145