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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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Trade Flows, Exchange Rate Uncertainty, and Financial Depth: Evidence from 28 Emerging Countries
TL;DR: In this article, the authors investigated the effects of real exchange rate uncertainty on manufacturing exports from 28 emerging economies, representing 82% of all developing country manufactures exports and explored the sources of heterogeneity in the uncertainty effects by controlling for the direction of trade (south-north or south-south), and the level of financial development of the exporting country.
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Does the quality of institutions and education strengthen the quality of the environment? Evidence from a global perspective
TL;DR: In this article, the authors explored the determinants of global environmental degradation by utilising a newly formulated conceptual framework to examine whether the quality of institutions in a country plays a moderating role on environmental degradation.
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A multiple break panel approach to estimating United States Phillips curves
TL;DR: In this paper, the authors show by means of simulations and a detailed empirical example based on United States data that not taking account of breaks may lead to biased, and therefore spurious, estimates of Phillips curves.
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Political uncertainty and city bank lending in China: Evidence from city government official changes
TL;DR: Li et al. as mentioned in this paper examined how political uncertainty affects city bank lending and found that political uncertainty causes banks to significantly increase loan growth, which is moderated by the characteristics of government officials, bank characteristics, and degree of marketization.
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Convergence of European retail payments.
TL;DR: In this article, the authors estimate convergence in the European retail payments market during the period 1995-2011 for the most popular retail payment instruments: cash, debit card, credit card, direct debit, credit transfer, cheque and e-money.
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