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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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Does migration lead to economic convergence in an enlarged European market
TL;DR: In this article, the authors examined the relationship between migration and convergence for the enlarged internal market of the European Union (EU27) for the period 1990-2007 and found that the importance of migration on long-term growth was not statistically significant.
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Investment–uncertainty relationship: differences between intangible and physical capital
TL;DR: In this paper, the authors disentangle the effects of uncertainty in explaining the heterogeneity of firms' investments and show that non-convex adjustment costs affect different capital inputs in different ways, depending on their degree of firm-specificity.
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Employment adjustment in German firms
TL;DR: In this article, the authors show that firms' adjustment costs for employment are characterized by a fixed and convex functional form and that they are asymmetric with dismissal costs exceeding hiring costs.
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Macroeconomic performance and inequality: brazil, 1983–94
TL;DR: In this paper, the authors examined how macroeconomic performance, mainly in the role of high inflation, affected earnings inequality in the 1980's and early 90's in Brazil and showed that the extreme inflation rates, combined with the incomplete indexation coverage existent at the time, had a regressive and significant impact on inequality.
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Effects of Foreign Presence in a Transition Economy: Regional and Industrywide Investments and Firm-Level Exports in Ukrainian Manufacturing
TL;DR: In this paper, the authors investigate the effects of regional and industrywide foreign presence and foreign direct investment (FDI) on the export volumes of Ukrainian manufacturing firms using unpublished panel data from 1996-2000.
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