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  1. Inherent effects of corruption on the erosion of political trust in developing countries
    evidence from Ghana
    Autor*in: Pullbeck, Julia; Doko Tchatoka, Firmin
    Erschienen: [2020]
    Verlag:  [School of Economics, University of Adelaide], [Adelaide]

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    VS 11
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: Working papers / The University of Adelaide, School of Economics ; no. 2020, 1 (February 2020)
    Schlagworte: Corruption; Mistrust; Simultaneity; Ghana; Presidency office; Control function approach
    Umfang: 1 Online-Ressource (circa 39 Seiten), Illustrationen
  2. Identifying the elasticity of substitution between capital and labour
    a pooled GMM panel estimator
    Autor*in: Brasch, Thomas von; Raknerud, Arvid; Vigtel, Trond C.
    Erschienen: March 2022
    Verlag:  Statistics Norway, Research Department, Oslo

    Simultaneity represents a fundamental problem when estimating the elasticity of substitution between capital and labour. To overcome this problem, a wide variety of external instruments has been applied in the literature. However, the use of... mehr

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    Simultaneity represents a fundamental problem when estimating the elasticity of substitution between capital and labour. To overcome this problem, a wide variety of external instruments has been applied in the literature. However, the use of instruments may lead to wrong inference if they are either weak, or endogenous to the system being estimated. In this paper, we extend the widely used Feenstra (1994) estimator, which does not depend on external instruments, to make it applicable to the problem of estimating the elasticity of substitution between capital and labour. We propose a pooled GMM (PGMM) estimator, examine its properties in a Monte Carlo study and apply it to a Norwegian sample of manufacturing firms. We identify the conditions under which P-GMM yields unbiased estimates and compare it to a fixed effects estimator which is unbiased when factor prices are exogenous - a typical assumption in the literature. We find that the fixed effects estimator is heavily downward biased in the presence of simultaneity. In contrast, the P-GMM estimator is nearly unbiased provided the number of time periods (T) is not too small (say, more than 10). In our application, with an unbalanced sample and T = 12, we estimate the elasticity of substitution to be 1.8 using P-GMM and 1.0 using a fixed effects estimator. Hence, neglecting simultaneity may lead to the conclusion that capital and labour are complements when, in fact, they are substitutes.

     
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/268052
    Schriftenreihe: Discussion papers / Statistics Norway, Research Department ; 976
    Schlagworte: Elasticity of Substitution; Simultaneity; Factor Demand; Non-Linear GMM; Pooled Estimator
    Umfang: 1 Online-Ressource (circa 32 Seiten), Illustrationen
  3. Simultaneity in binary outcome models with an application to employment for couples
    Autor*in: Honoré, Bo E.; Hu, Luojia; Kyriazidou, Ekaterini; Weidner, Martin
    Erschienen: [2022]
    Verlag:  Federal Reserve Bank of Chicago, [Chicago, Illinois]

    Two of Peter Schmidt's many contributions to econometrics have been to introduce a simultaneous logit model for bivariate binary outcomes and to study estimation of dynamic linear fixed effects panel data models using short panels. In this paper, we... mehr

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    DS 244
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    Two of Peter Schmidt's many contributions to econometrics have been to introduce a simultaneous logit model for bivariate binary outcomes and to study estimation of dynamic linear fixed effects panel data models using short panels. In this paper, we study a dynamic panel data version of the bivariate model introduced in Schmidt and Strauss (1975) that allows for lagged dependent variables and fixed effects as in Ahn and Schmidt (1995). We combine a conditional likelihood approach with a method of moments approach to obtain an estimation strategy for the resulting model. We apply this estimation strategy to a simple model for the intra-household relationship in employment. Our main conclusion is that the within-household "correlation" in employment differs significantly by the ethnicity composition of the couple even after one allows for unobserved household specific heterogeneity.

     
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    Sprache: Englisch
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    Weitere Identifier:
    hdl: 10419/267989
    Schriftenreihe: [Working paper] / Federal Reserve Bank of Chicago ; WP 2022, 34 (July 2022)
    Schlagworte: Simultaneity; Binary Response; Fixed Effects; Moment Conditions; Employment
    Umfang: 1 Online-Ressource (circa 39 Seiten), Illustrationen
  4. Simultaneity of innovation activities in transition countries
    Autor*in: Abdelkhalek, Touhami; Biscione, Antonella; Boccanfuso, Dorothée; De Felice, Annunziata
    Erschienen: [2022]
    Verlag:  [Mohammed VI Polytechnic University, Faculté de Gouvernance, Sciences Économiques et Sociales], [Rabat]

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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: Cahier de recherche / Mohammed VI Polytechnic University, Faculté de Gouvernance, Sciences Économiques et Sociales ; 22, 06
    Schlagworte: Simultaneity; Transition countries; Technological innovation
    Umfang: 1 Online-Ressource (circa 27 Seiten)
  5. A Cornucopia of Meanwhiles
    Autor*in: Peters, John Durham
    Erschienen: 2020
    Verlag:  Philipps-Universität Marburg, Marburg ; meson press, Lüneburg

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    Quelle: Verbundkataloge
    Beteiligt: Peters, John Durham (Herausgeber); Sprenger, Florian (Herausgeber); Vagt, Christina (Herausgeber)
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    Weitere Schlagworte: Medientheorie; Zeit; Simultanität; Kulturgeschichte; Media Theory; Temporality; Simultaneity
    Umfang: Online-Ressource
    Bemerkung(en):

    In: John Durham Peters, Florian Sprenger, Christina Vagt (Hg.): Action at a Distance. Lüneburg: meson press 2020, S. 29–50.