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
German outward FDI and firm performance
TL;DR: In this article, the authors extend the limited literature on the link between productivity effects and outward FDI and present German productivity growth effects across low and high cost locations over the period 1997-2006.
Journal ArticleDOI
Revisiting Reinhart & Rogoff after the Crisis: A Time Series Perspective
Juergen Amann,Paul Middleditch +1 more
TL;DR: The authors revisited the debate on whether or not higher debt levels impede growth rates and contribute by offering a time series perspective of a corrected data set and also a more recent and higher frequency source.
Journal ArticleDOI
Stock Market Development and Cross-Country Differences in Relative Prices
TL;DR: In this article, a positive correlation between stock market capitalization and price levels (wages) within the group of countries with poorly developed stock markets and a negative correlation between these two variables within the groups with more developed stock market was found.
Journal ArticleDOI
Assessing the distributional effects of regulation in developing countries
Samuel Adams,Francis Atsu +1 more
TL;DR: This article examined the effect of regulation on income inequality for 72 developing countries over the 1970-2012 period using General Method of Moment estimation technique and found that regulation is positive and significantly related to income inequality.
Debt Composition and Balance-Sheet Effects of Exchange Rate: A Firm level Analysis for Chile
TL;DR: In this paper, the effect of the Asian crisis on the currency composition of corporate debt in Chilean firms was analyzed and the authors found that large firms maintained a higher proportion of dollar denominated debt.
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