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Since little is known about the degree of bias in estimated fixed effects in panel data models, we run Monte Carlo … simulations on a range of different estimators. We find that Anderson-Hsiao IV, Kiviet's bias-corrected LSDV and GMM estimators …
Persistent link: https://www.econbiz.de/10013325234
and their productivity. Recent work suggests that these calculations should treat workers of different skill levels as … imperfect substitutes. However, under this approach, it has been challenging to compute skill-specific productivity levels for a … data set on labor force composition to construct measures of productivity for workers in three distinct skill categories …
Persistent link: https://www.econbiz.de/10012869262
In recent decades, the ASEAN economies have implemented a number of regional integration policies. Using a panel … dataset of 10 ASEAN countries from 1980 to 2017, this study examines the productivity and efficiency of the ASEAN economies … productivity index to provide estimates of gross technical efficiency, technical progress and returns to scale change, while taking …
Persistent link: https://www.econbiz.de/10013179517
Schumpeterian growth theory has operationalized Schumpeter’s notion of creative destruction by developing models based on this concept. These models shed light on several aspects of the growth process that could not be properly addressed by alternative theories. In this survey, we focus on...
Persistent link: https://www.econbiz.de/10014025596
Pseudo-panels allow estimation of panel models when only repeated cross-sections are available. This involves grouping … bias. We show that grouping can also create substantial aggregation bias, calling into question how well pseudo-panels can … mimic panel estimates. We create two metrics for assessing the grouping process, one for each potential source of bias. If …
Persistent link: https://www.econbiz.de/10011781802
decompositions, simulations and counter-factual analyses are performed. We find that, although total factor productivity has a … present- for different reasons. Even after correcting for productivity differences, some nations remain poor mostly because of …
Persistent link: https://www.econbiz.de/10012770617
The article provides multifaceted evidence on the shape of the aggregate country-level production function, derived from the World Technology Frontier, estimated on the basis of annual data on inputs and output in 19 highly developed OECD countries in the period 1970–2004. A comparison of its...
Persistent link: https://www.econbiz.de/10014041982
. We consider fixed effect estimation of nonlinear panel single-index models with factor structures in the unobservables …Factor structures or interactive effects are convenient devices to incorporate latent variables in panel data models … parameters and average partial effects have normal distributions when the two dimensions of the panel grow large, but might …
Persistent link: https://www.econbiz.de/10011997314
. We consider fixed effect estimation of nonlinear panel single-index models with factor structures in the unobservables …Factor structures or interactive effects are convenient devices to incorporate latent variables in panel data models … parameters and average partial effects have normal distributions when the two dimensions of the panel grow large, but might …
Persistent link: https://www.econbiz.de/10011871311
importance of these two mechanisms in Asian development based on a unified framework. Using canonical cross-economy panel data …
Persistent link: https://www.econbiz.de/10013328193