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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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Fiscal adjustment in Japanese municipalities
Shun-ichiro Bessho,Hikaru Ogawa +1 more
TL;DR: In this article, the authors examined how Japanese municipalities restore their fiscal balance after a budget shock and found that these fiscal adjustments occur mainly via changes in government investment, accounting for 63-95% of adjustments in permanent unit innovations in grants and own-revenue.
Openness, Institutions, and Economic Growth: Empirical Evidence from Panel Estimation.
TL;DR: Ahmed et al. as mentioned in this paper explored the partial effects of openness and institutional quality on economic growth across countries in the world using panel data set utilizing the available panel series for institutional quality.
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On-site audits, sanctions, and bank risk-taking: An empirical overture towards a novel regulatory and supervisory philosophy
TL;DR: In this article, the role of banking supervision, measured in terms of enforcement outputs (i.e., on-site audits and sanctions) in containing bank risk-taking was investigated.
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Competition and Profitability in the Chinese Banking Industry: New Evidence from Different Ownership Types
TL;DR: In this article, the competition in different banking markets in China (deposit, loan, and non-interest income markets) using a sample of Chinese commercial banks (state-owned, joint-stock, and city commercial banks) over the period 2003-2013 was examined.
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Mooted signals: economic disturbances and political budget cycles
TL;DR: This article showed that economic disturbances blur competence signals, dampening political budget cycles, and that the more actors that are not elected at the national level have an impact on economic performance, the more difficult it will be for voters to disentangle government-specific competence shocks.
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