Similar Search Results

First difference maximum likelihood and dynamic panel estimation

Han, Chirok; Phillips, Peter C.B. - In: Journal of Econometrics 175 (2013) 1, pp. 35-45

First difference maximum likelihood (FDML) seems an attractive estimation methodology in dynamic panel data modeling … finite sample performance and asymptotics. FDML uses the Gaussian likelihood function for first differenced data and … parameter estimation is based on the whole domain over which the log-likelihood is defined. However, extending the domain of the …

Persistent link: https://www.econbiz.de/10011052217

Using a trade-induced catch-up model to explain China's provincial economic growth 1978 - 97

Yao, Yudong; Lyhagen, Johan - 2001

This paper attempts to make an innovative contribution to the growth literature by proposing a trade-induced catch up model in which imitation benefit is explicitly modelled and trade knowledge spillover is considered. The resulting income dynamics is in the error correction form. The Pooled...

Persistent link: https://www.econbiz.de/10010281463

Using A Trade-induced Catch-up Model to Explain China's Provincial Economic Growth 1978-97

Yao, Yudong; Lyhagen, Johan - Economics Institute for Research (SIR), … - 2001

Persistent link: https://www.econbiz.de/10005649247

Relationship between Trade Liberalisation, Growth and Balance of Payments in Developing Countries: An Econometric Study

Parikh, Ashok - 2004

The objectives of this paper are to study the impact of liberalisation on trade deficits and current accounts of developing countries. It is expected that trade liberalisation would promote economic growth from the supply side by leading to a more efficient use of resources, by encouraging...

Persistent link: https://www.econbiz.de/10010295419

Unit roots and cointegration in panels

Breitung, Jörg; Pesaran, Mohammad Hashem - 2005

This paper provides a review of the literature on unit roots and cointegration in panels where the time dimension (T), and the cross section dimension (N) are relatively large. It distinguishes between the first generation tests developed on the assumption of the cross section independence, and...

Persistent link: https://www.econbiz.de/10010295787

The relationship between economic growth and inequality: evidence from the age of market liberalism

Angeles-Castro, Gerardo - 2006

Based on panel data we find that the inequality-growth relationship follows an ordinary-U curve during the period 1970-1998, in which inequality first decreases and then increases with economic growth. We also find some evidence that the increasing pattern of inequality may reverse at higher...

Persistent link: https://www.econbiz.de/10010295989

Reviewing the sustainability/stationarity of current account imbalances with tests for bounded integration

Herwartz, Helmut; Xu, Fang - 2006

We investigate for 26 OECD economies if their current account imbalances are driven by stochastic trends. Standard ADF results are contrasted with tests accounting for the bounded support of the current account. Neglecting the latter feature might give misleading results in the sense that ADF...

Persistent link: https://www.econbiz.de/10010296260

Panel Tests for Unit Roots in Hours Worked

Kappler, Marcus - 2006

Hours worked is a time series of interest in many empirical investigations of the macroeconomy. Estimates of macro elasticities of labour supply, for example, build on this variable. Other empirical applications investigate the response of hours worked to a shock to technology on the basis of...

Persistent link: https://www.econbiz.de/10010297530

The impact of the European Monetary Union on inflation persistence in the euro area

Meller, Barbara; Nautz, Dieter - 2009

This paper uses the European Monetary Union (EMU) as a natural experiment to investigate whether more effective monetary policy reduces the persistence of inflation. Taking into account the fractional integration of inflation, we confirm that inflation dynamics differed considerably across Euro...

Persistent link: https://www.econbiz.de/10010299161

Equilibrium Real Effective Exchange Rates and Real Exchange Rate Misalignments: Time Series vs. Panel Estimates

Hossfeld, Oliver - 2010

We follow the behavioral equilibrium exchange rate approach by Clark and MacDonald (1998) to derive equilibrium real effective exchange rates and currency misalignments for the US and its 16 major trading partners. We apply cointegration and panel cointegration techniques to derive fully...

Persistent link: https://www.econbiz.de/10011345474

1
2
3
4
5
6
7
8
9
10
Next
Last