Crime and punishment: evidence from dynamic panel data model for North Carolina (2003–2012)
Sign Up to like & getrecommendations! Published in 2017 at "Empirical Economics"
DOI: 10.1007/s00181-016-1093-5
Abstract: This paper exploits a dynamic panel data model to analyze the endogeneity of certain deterrent covariates, measurement errors in crime and inertial features of crime, and to check for unobserved heterogeneity in order to extract… read more here.
Keywords: panel data; dynamic panel; north carolina; data model ... See more keywords
Half-panel jackknife estimation for dynamic panel models
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DOI: 10.1016/j.econlet.2020.109082
Abstract: This paper extends the half-panel jackknife (HPJ) estimator to GMM models with fixed effects. The Monte Carlo results show that the HPJ significantly reduces finite-sample bias for both the difference and system GMM estimators of… read more here.
Keywords: panel jackknife; half panel; dynamic panel; jackknife estimation ... See more keywords
On the asymptotic distribution of the quadratic GMM estimator of a dynamic panel data model under a unit root
Sign Up to like & getrecommendations! Published in 2020 at "Economics Letters"
DOI: 10.1016/j.econlet.2020.109605
Abstract: Abstract This paper considers the GMM estimator, α ˆ , of the autoregressive parameter in linear dynamic panel data models with fixed effects when the data-generating process has a unit root. Previous literature has established… read more here.
Keywords: panel data; gmm estimator; dynamic panel; unit root ... See more keywords
Do bank CEOs really increase risk in vega? Evidence from a dynamic panel GMM specification
Sign Up to like & getrecommendations! Published in 2018 at "Journal of Economics and Business"
DOI: 10.1016/j.jeconbus.2018.06.001
Abstract: Abstract Previous executive compensation studies find that firm risk increases in the risk-taking incentive (vega) of CEOs’ compensation packages. However, the standard methodology of two-stage least squares (2SLS) regression can suffer from invalid instruments. Using… read more here.
Keywords: risk; risk vega; gmm specification; dynamic panel ... See more keywords
Unequal spacing in dynamic panel data: Identification and estimation
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DOI: 10.1016/j.jeconom.2016.10.002
Abstract: We propose conditions under which parameters of fixed-effect dynamic models are identified with unequally spaced panel data. Under predeterminedness, weak stationarity, and empirically testable rank conditions, AR(1) parameters are identified given the availability of “two… read more here.
Keywords: panel data; spacing dynamic; dynamic panel; panel ... See more keywords
Robust LM tests for spatial dynamic panel data models
Sign Up to like & getrecommendations! Published in 2019 at "Regional Science and Urban Economics"
DOI: 10.1016/j.regsciurbeco.2018.08.001
Abstract: Abstract In this study, we introduce adjusted Rao's score test statistics (Lagrange multiplier (LM) tests) for a spatial dynamic panel data (SDPD) model that includes a contemporaneous spatial lag, a time lag and a spatial-time… read more here.
Keywords: time; test; test statistics; spatial dynamic ... See more keywords
Transformed-likelihood estimators for dynamic panel models with a very small T
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DOI: 10.1017/psrm.2020.30
Abstract: Conventional OLS fixed-effects and GLS random-effects estimators of dynamic models that control for individual-effects are known to be biased when applied to short panel data (T ≤ 10). GMM estimators are the most used alternative… read more here.
Keywords: estimators dynamic; transformed likelihood; gmm estimators; dynamic panel ... See more keywords
Estimation of fixed effects dynamic panel data models: linear differencing or conditional expectation
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DOI: 10.1080/07474938.2020.1772571
Abstract: Abstract This note discusses the pros and cons of using the conditional mean approach of Mundlak and Chamberlain and the linear difference approach to deal with the incidental parameters issue in estimating fixed effects dynamic… read more here.
Keywords: panel data; data models; effects dynamic; dynamic panel ... See more keywords
Testing the relationship between real effective exchange rate and absolute cost advantage. A dynamic panel GMM analysis from NAFTA
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DOI: 10.1080/13504851.2020.1814941
Abstract: ABSTRACT This research aims to test the nexus between real effective exchange rates and absolute cost advantage for the North American Free Trade Agreement (NAFTA) between 1995 and 2014. By using the dynamic panel generalized… read more here.
Keywords: effective exchange; cost advantage; absolute cost; dynamic panel ... See more keywords
The Impact of Chinese Exports on Brazilian and Mexican Exports: A Model Using Dynamic Panel Data
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DOI: 10.1080/1540496x.2019.1609446
Abstract: ABSTRACT Since 2000, China has established its leading role in the world economy, while Latin American countries do not seem to have strengthened their role as exporters of industrialized products. Chinese economic growth poses a… read more here.
Keywords: latin american; panel data; model; dynamic panel ... See more keywords
The Determinants of Military Expenditure in Asia and Oceania, 1992–2016: A Dynamic Panel Analysis
Sign Up to like & getrecommendations! Published in 2018 at "Peace Economics, Peace Science and Public Policy"
DOI: 10.1515/peps-2018-0004
Abstract: Using a dynamic panel approach, this article examines the determinants of military expenditures for 29 Asian and Oceanian countries during 1992–2016. A two-step difference-GMM estimator is applied. Both the impact of Chinese and US military… read more here.
Keywords: military expenditure; determinants military; dynamic panel; expenditure ... See more keywords