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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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R&D, International Trade and Creative Destruction—Empirical Findings from Finnish Manufacturing Industries*
TL;DR: In this article, the determinants of productivity-enhancing micro-level restructuring are examined empirically with a panel of the twelve Finnish manufacturing industries, and the effect of the creative destruction on industry productivity growth is measured with the between-component of productivity decomposition.
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Economic policy uncertainty and bank stability: Does bank regulation and supervision matter in major European economies?
TL;DR: In this article, the authors examined the relationship between economic policy uncertainty and bank stability, as well as the conditioning effects of bank regulation and supervision on this relationship, using a sample of more than 950 commercial banks in eight major European countries over the period 2005-2020.
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Foreign Aid and the Human Development Indicators in Sub-Saharan Africa
Johnson P. Asiama,Peter Quartey +1 more
TL;DR: In this article, the authors present new and exclusive evidence on the effect of aid on indicators of welfare in Sub-Saharan Africa, a region that is said to be the least probable to achieve the Millennium Development Goals (MDGs).
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Socioeconomic inequality in health in the British household panel: Tests of the social causation, health selection and the indirect selection hypothesis using dynamic fixed effects panel models.
Else Foverskov,Anders Holm +1 more
TL;DR: The indirect selection hypothesis may be the most important in explaining social inequality in health in adulthood, indicating that the well-known cross-sectional correlations between health and SEP in adulthood seem not to be driven by a causal relationship, but instead by dynamics and influences in place before the respondents turn 30 years old that affect both their health andSEP onwards.
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Stymied ambition: does a lack of economic freedom lead to migration?
Daniel Meierrieks,Laura Renner +1 more
TL;DR: This article investigated the relationship between economic freedom and international migration for the 1980-2010 period using a dataset on migration from 91 emerging countries to the 20 most attractive OECD destination countries, and found that more economic freedom at home discourages high-skilled migration, but not low skilled migration.
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