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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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Effects of Ownership Structure on Capital Structure of Indian Listed Firms: Role of Business Groups vis-à-vis Stand-Alone Firms
TL;DR: In this article, the authors explored the relationship between promoter ownership and capital structure of firms using a sample of Indian publicly listed firms for the period from 2006 to 201, and found that promoter ownership was correlated with the capital structure.
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The effects of telephone infrastructure on farmers' agricultural outputs in China
TL;DR: The research findings are: the estimated effects (measured by elasticity) of teledensity on the provincial level agricultural output have been positive and statistically significant both in the short and long runs and China has some potentials to derive benefit from the use of CTs like telephone.
BookDOI
MTEFs and fiscal performance: panel data evidence
TL;DR: In this article, a newly-collected dataset of worldwide MTEF adoptions during 1990-2008 was analyzed and the authors found that MTEFs strongly improve fiscal discipline, with more advanced MTEf phases having a larger impact.
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Do globalization and resource rents matter for human well-being? Evidence from African countries
TL;DR: In this article , the authors examined the link between globalization, natural resource rents and human development in 49 African countries over the 2000-2017 period and found that economic, social and political globalizations are positively and significantly associated with human development index.
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The form of government and fiscal dynamics
TL;DR: In this article, a combination of time series variation in oil prices and cross-section variation in the oil intensity of countries was used to investigate whether exogenous shifts in the government revenues affect the government expenditures differently depending on the political institutions of the form of government.
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