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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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Urban growth and uninsured rural risk: Booming towns in bust times
TL;DR: In this paper, the authors find that higher aggregate agricultural risk induces rural-urban migration, providing an additional channel to explain the urbanization trend, which is robust to controlling for the traditional view of urbanization driven by industrialization and to several alternative explanations such as government spending.
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The effect of physical activity on adult obesity: Evidence from the Canadian NPHS panel
TL;DR: Key results show that participation in LTPA exceeding 1.5 kcal/kg per day (i.e., at least 30 min of walking) reduces BMI by about 0.11 points and policies aimed at promotion of LTPA combined with WRPA like walking or climbing stairs daily would help reduce adult obesity risks.
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Inequality and the Instability of Polity and Policy
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TL;DR: In this article, alternative measures of political instability, which capture only movements from dictatorship to democracy and vice versa, have been proposed, which do not capture government changes that preserve the democratic or dictatorial structure of the country.
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Exchange rate volatility and private consumption in Sub-Saharan African countries: A system-GMM dynamic panel analysis
TL;DR: In this article, the effect of exchange rate volatility on private consumption in Sub-Saharan African (SSA) countries was examined using system-GMM dynamic panel and GARCH (1, 1).
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