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This paper, using the Bewley (1979) transformation of the autoregressive distributed lag model, proposes a novel pooled Bewley (PB) estimator of long-run coefficients for dynamic panels with heterogeneous short-run dynamics, in the same setting as the widely used Pooled Mean Group (PMG)...
Persistent link: https://www.econbiz.de/10014357208
regression method for a dynamic panel model with fixed effects. The results show that the determinants of per capita health care …
Persistent link: https://www.econbiz.de/10012979826
countries our findings suggest the existence of a structural break. The panel results are also in favour of the RIRP …
Persistent link: https://www.econbiz.de/10013007999
technology growth across countries by use of the stochastic Solow model and dynamic panel estimation techniques. Thus the … international panel data on macroeconomic indicators and educational attainment. It explicitly allows for the heterogeneity in …
Persistent link: https://www.econbiz.de/10012942558
We empirically assess whether a usually expected negative response of private consumption and private investment to a fiscal consolidation is reversed. We focus on a large sample of 174 countries between 1970 and 2018. We also employ three alternative measures of the Cyclically Adjusted Primary...
Persistent link: https://www.econbiz.de/10012504460
. For these purposes, panel unit root tests are employed to improve power against univariate counterparts. Since cross … section correlation is a distinct feature of the underlying panel data, results are based on various second generation panel …
Persistent link: https://www.econbiz.de/10012727117
In this paper we test the convergence hypothesis by using a revised 4-step procedure of panel unit root test suggested … incorporate spatial autoregressive error into a fixed-effect panel model to account for not only the heterogeneous panel structure …, but also spatial dependence, which might induce lower statistical power of conventional panel unit root test. Our …
Persistent link: https://www.econbiz.de/10012771809
A substantial amount of aid to developing countries is given to the government, or goes through the budget, meaning it should have an impact on government fiscal behaviour (particularly on government spending). The few existing cross-country empirical studies on the effects of aid on government...
Persistent link: https://www.econbiz.de/10011596237
the Feldstein-Horioka Puzzle still holds. We construct a panel data regression model with multiple econometric …
Persistent link: https://www.econbiz.de/10014344110
literature by assembling a wide panel dataset of energy consumption and prices for 37 OECD and 41 non-OECD countries … the full 56 years of data for 17 countries and all countries having at least 18 years. In addition, our dynamic panel … always significant at the 95% level. A “grand” average (average of the many panel averages) suggests a GDP elasticity around …
Persistent link: https://www.econbiz.de/10014109234