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Dynamic panel data models: a guide to microdata methods and practice
TLDR
In this article, the focus is on panels where a large number of individuals or firms are observed for a small number of time periods, typical of applications with microeconomic data, and the emphasis is on single equation models with autoregressive dynamics and explanatory variables.Abstract:
This paper reviews econometric methods for dynamic panel data models, and presents examples that illustrate the use of these procedures. The focus is on panels where a large number of individuals or firms are observed for a small number of time periods, typical of applications with microeconomic data. The emphasis is on single equation models with autoregressive dynamics and explanatory variables that are not strictly exogenous, and hence on the Generalised Method of Moments estimators that are widely used in this context. Two examples using firm-level panels are discussed in detail: a simple autoregressive model for investment rates; and a basic production function.read more
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Determinants of investment flows into emerging markets
TL;DR: In this paper, the authors present a study of emerging market investment flows and their determinants, using first a relatively simple cross-country framework to study investment flows in the year 2000 and then a panel-data framework for the time period 1980 to 1997, a number of variables emerge as significant in determining investment flows.
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Intangible investment in people and productivity
Pekka Ilmakunnas,Hannu Piekkola +1 more
TL;DR: The authors found that firms with performance-related pay or domestically owned firms with extensive foreign activities have been among the highest performers with respect to the use of organizational work, and investments in organizational competence are more likely to result in more rapid productivity growth.
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Policy, Aid and Growth: A Threshold Hypothesis
TL;DR: In this paper, the authors examined the contribution of foreign aid to economic growth in the context of macroeconomic policy, using certain macroeconomic indicators as policy variables and constructed a dynamic growth equation which is estimated by way of Generalized Method of Moments.
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The Determinants & Excessiveness of Current Account Deficits in Eastern Europe & the Former Soviet Union
TL;DR: In this article, the authors investigated the main factors of current account deficits in order to assess the potential excessiveness of current-account deficits in selected countries of Eastern Europe and former Soviet Union.
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Uma análise do capital humano sobre o nível de renda dos estados brasileiros: MRW versus Mincer
TL;DR: In this paper, the authors compare two formas funcionais da funcao de producao for os Estados brasileiros: as propostas por Solow (1956) and por Mincer (1974) and find that the retorno marginal estimado da educacao foi de 15%.
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