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Learning-by-Exporting? Firm-Level Evidence for UK Manufacturing and Services Sectors

Harris, Richard; Li, Qian Cher - Department of Economics, Adam Smith Business School - 2007

This study empirically assesses the microeconomic exporting-productivity nexus for both the UK manufacturing and services sectors during 1996-2004, based on a weighted FAME dataset. Our results show that firms that are older, that possess intangible assets or that have higher (labour)...

Persistent link: https://www.econbiz.de/10005729938

Long-run Negotiations withDynamic Accumulation

Flamini, Francesca - Department of Economics, Adam Smith Business School - 2007

TMany negotiations are characterised by dynamic accumulation: current agreements affect future bargaining possibilities. We study such situations by using repeated bargaining games in which two parties can decide how much to invest and how to share the residual surplus for their own consumption....

Persistent link: https://www.econbiz.de/10005729955

Do financial market variables show (symmetric) indicator properties relative to exchange rate returns?

Castrén, Olli - European Central Bank - 2004

This paper assesses the contemporaneous, leading and lagging indicator properties of financial market variables relative to movements in six major developed country currency pairs. As indicator variables changes in various relative asset prices, short-term portfolio flows and currency options...

Persistent link: https://www.econbiz.de/10005816256

Small Sample Bias of Alternative Estimation Methods for Moment Condition Models: Monte Carlo Evidence for Covariance Structures

Ramalho, Joaquim - In: Studies in Nonlinear Dynamics & Econometrics 9 (2007) 1, pp. 1202-1202

It is now widely recognized that the most commonly used efficient two-step GMM estimator may have large bias in small … includes estimators which are asymptotically first-order equivalent to the GMM estimator, namely the continuous …-updating, exponential tilting, and empirical likelihood estimators. Analytical and bootstrap bias-adjusted GMM estimators form the second …

Persistent link: https://www.econbiz.de/10004966262

Margen de utilidad y distribución de las rentas. La industria manufacturera chilena durante los años noventa

Benavente H.; Miguel, José; Contreras B.; Luis, José - In: El Trimestre Económico LXXVI (1) (2009) 301, pp. 119-144

In this paper we jointly estimate markup values and rent distributions for the main productive factors in the Chilean manufacturing during the nineties. Results show that labor and inputs providers receive 21% and 16% of the extra rents obtained by the firm in imperfect final markets...

Persistent link: https://www.econbiz.de/10004967081

Spanning Tests in Return and Stochastic Discount Factor Mean Variance Frontiers: A Unifying Approach

Peñaranda, Francisco; Sentana, Enrique - C.E.P.R. Discussion Papers - 2004

optimal GMM inference to deal with the singularities that arise in some spanning tests. Finally, we include an empirical …

Persistent link: https://www.econbiz.de/10005791800

Institutional quality and foreign direct investment inflows: evidence from Asian countries

Ullah, Irfan; Khan, Muhammad Arshad - In: Journal of Economic Studies 44 (2017) 6, pp. 1030-1050

Purpose The purpose of this paper is to examine the determinants of foreign direct investment (FDI) by focusing on institutional and economic factors among South Asian Association for Regional Cooperation (SAARC), Association of South East Asian Nations (ASEAN) as well as Central Asian countries...

Persistent link: https://www.econbiz.de/10014864582

Political stability and FDI in the most competitive Asia Pacific countries

Rashid, Mamunur; Looi, Xuan Hui; Wong, Shao Jye - In: Journal of Financial Economic Policy 9 (2017) 02, pp. 140-155

Index was taken as the yardstick to identify these countries. We have used fixed effect, GMM-system, and Panel ARDL tests …

Persistent link: https://www.econbiz.de/10014866975

Economic reforms, determinants and stability of dividends in a dynamic setting

Subhash Kamat, Manoj; Kamat, Manasvi M. - In: Journal of Asia Business Studies 7 (2013) 1, pp. 5-30

instrumental variable (IV) approach for dynamic panel data for 1971‐2010 periods controlling for economic reforms. The GMM …‐in‐levels model, GMM‐in‐first‐differences and GMM‐in‐systems are alternatively estimated to include other lag structures. Findings …

Persistent link: https://www.econbiz.de/10014838309

Second Order Bias of Quasi-MLE for Covariance Structure Models

Prokhorov, Artem - Department of Economics, Concordia University - 2010

the second-order bias of the GMM estimator and its first-order equivalents such as the EL estimator. Except for some … condition for equal asymptotic efficiency of QMLE and GMM derived in Prokhorov (2009) is satisfied. …

Persistent link: https://www.econbiz.de/10008487473