Showing 1 - 10 of 88,286
Florian Dorn erstellte diesen Beitrag während seines Promotionsstudiums an der Universität München (LMU). Die Studie wurde im September 2020 abgeschlossen und von der Fakultät für Volkswirtschaftslehre als Dissertation angenommen. Die Dissertation trägt zur Empirie der Ökonomie des...
Persistent link: https://www.econbiz.de/10012807266
Florian Dorn prepared this study during his doctoral studies at the Ludwig-Maximilians University of Munich (LMU). The study was completed in September 2020 and accepted as doctoral thesis by the Department of Economics. This dissertation contributes to the empirics of public economics and...
Persistent link: https://www.econbiz.de/10013164116
economic nature as well as its relationship with corruption has not yet been clarified in economic literature. Following … corruption and foreign direct investment by testing three theoretically-based hypo theses: that corruption perception indicator … is a stationary variable, that the relationship between corruption and foreign direct investment stock is statistically …
Persistent link: https://www.econbiz.de/10011195630
This paper extends Pesaran's (2006) work on common correlated effects (CCE) estimators for large heterogeneous panels with a general multifactor error structure by allowing for unknown common structural breaks. Structural breaks due to new policy implementation or major technological shocks, are...
Persistent link: https://www.econbiz.de/10011269091
This paper proposes tests for intercept homogeneity in stationary dynamic panel framework which are robust to cross-sectional dependence. We then argue that these tests can be used as a test for absolute convergence assuming that conditional convergence holds. The proposed tests are shown to...
Persistent link: https://www.econbiz.de/10011078550
This paper develops a Stein-like combined estimator for large heterogeneous panel data models under common structural breaks. The model allows for cross-sectional dependence through a general multifactor error structure. By utilizing the common correlated effects (CCE) estimation technique, we...
Persistent link: https://www.econbiz.de/10014636414
A recent study proposed by Westerlund (CCE in Panels with General Unknown Factors, Econometrics Journal, 21, 264-276, 2018) showed that a very popular Common Correlated Effects (CCE) estimator is significantly more applicable than it was thought before. Contrary to the usual stationarity...
Persistent link: https://www.econbiz.de/10013208900
individual heterogeneity in both intercepts and slope coefficients, and (iii) unbalanced panel data, i.e., panel data where the …
Persistent link: https://www.econbiz.de/10010284265
In this paper, we consider the formulation and estimation of systems of regression equations with random individual effects in the intercept terms from unbalanced panel data, i.e., panel data where the individual time series have unequal length. Generalized Least Squares (GLS) estimation and...
Persistent link: https://www.econbiz.de/10010284445
The paper examines the heterogeneity with respect to the impact of a financial reform - Activity Based Financing (ABF … heterogeneity in the responses, as measured by both estimated and predicted coefficients, is found. Rank correlations between the …
Persistent link: https://www.econbiz.de/10005025483