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latent heterogeneity for panel probit models. Within a Bayesian framework an estimation algorithm dealing with the inherent …
Persistent link: https://www.econbiz.de/10010298828
We use panel probit models with unobserved heterogeneity, state-dependence and serially correlated errors in order to … analyze the determinants and the dynamics of current-account reversals for a panel of developing and emerging countries. The …
Persistent link: https://www.econbiz.de/10010298829
The German Microcensus (MC) is a large scale rotating panel survey over three years. The MC is attractive for … methods perform that promise to reduce such a bias. Based on data of the German Socio-Economic Panel (SOEP), which covers …
Persistent link: https://www.econbiz.de/10010299117
Methods for the analysis of linked employer-employee data are not yet available in standard econometrics packages. In this paper, we make the fixed-effects methods developed orginally by Abowd, Kramarz, Margolis and others more accessible, where possible, and show how they can be implemented in...
Persistent link: https://www.econbiz.de/10010299243
The well-known problem of too many instruments in dynamic panel data GMM is dealt with in detail in Roodman (2009 …
Persistent link: https://www.econbiz.de/10010299478
; Lucas critique; sample-selection bias and survivor bias. Applying dynamic system-GMM panel estimation on 169 countries over …
Persistent link: https://www.econbiz.de/10010299488
and is estimated on a panel of 15 OECD countries. The estimates show that consumer prices may be as much as 21 percent …
Persistent link: https://www.econbiz.de/10010299959
This paper uses monthly survey data for the G7 countries for the time period 1989 - 2007 to explore the link between expectations on nominal wages, prices and unemployment rate as suggested by the traditional and Samuelson-and-Solow-type Phillips curve. Three major findings stand out: First, we...
Persistent link: https://www.econbiz.de/10010300140
The well-known problem of too many instruments in dynamic panel data GMM is dealt with in detail in Roodman (2009 …
Persistent link: https://www.econbiz.de/10010300222
as well as pooled mean group and mean group estimators, the latter in a dynamic heterogeneous panel framework. We find …
Persistent link: https://www.econbiz.de/10010300382