Open AccessPosted Content
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
Citations
More filters
Journal ArticleDOI
What drives women towards domestic vs international business venturing?: An empirical analysis in emerging markets
TL;DR: In this article, the authors compared the motives behind women's entrepreneurial activities within and across national boundaries, and found that financial rewards (maintain/increase income) encourage women towards international entrepreneurship, whereas necessity-driven motives (lack of job alternatives) lead women to start businesses in their home countries.
Journal ArticleDOI
The Creative Class, Bohemians and Local Labor Market Performance: A Micro-data Panel Study for Germany 1975–2004
Joachim Möller,Annie Tubadji +1 more
TL;DR: In this paper, a dynamic system approach based on GMM was used to test Florida's concept of the Creative Class using panel data for 323 West German regions for the time period 1975 - 2004.
Journal ArticleDOI
Does financial globalization still spur growth in emerging and developing countries? Considering exchange rates
TL;DR: In this paper, the effects of financial globalization on growth in developing countries, focusing on its interaction with exchange rate volatility, were analyzed based on dynamic panel data models and the two-step system generalized method of moments (GMM) estimator.
Journal ArticleDOI
Impact of taxation on dividend policy: Evidence from Pakistan
TL;DR: In this article, the impact of capital gains taxation (CGT) on dividend policy among firms that are listed at the Karachi Stock Exchange (now, Pakistan Stock Exchange or PSX) is analyzed.
Journal ArticleDOI
Factors Affecting Stock Returns of Firms Quoted in ISE Market: A Dynamic Panel Data Approach
Şebnem Er,Bengü Vuran +1 more
TL;DR: In this paper, the authors used dynamic panel data analysis methods to explain the factors affecting stock returns of 64 manufacturing firms that are continuously quoted in ISE during the period of 2003-2007.
Related Papers (5)
Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations.
Manuel Arellano,Stephen Bond +1 more
Initial conditions and moment restrictions in dynamic panel data models
Richard Blundell,Stephen Bond +1 more
Another look at the instrumental variable estimation of error-components models
Manuel Arellano,Olympia Bover +1 more