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作者：Baltagi, BH; Griffin, JM; Xiong, WW
作者单位：Texas A&M University System; Texas A&M University College Station
摘要：This paper reexamines the benefits of pooling and, in addition, contrasts the performance of newly proposed heterogeneous estimators. The analysis utilizes a panel data set from 46 American states over the period 1963 to 1992 and a dynamic demand specification for cigarettes. Also, the forecast performance of the various estimators is compared.
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作者：Wei, SJ
作者单位：Harvard University; National Bureau of Economic Research
摘要：This paper studies the effect of corruption on foreign direct investment. The sample covers bilateral investment from twelve source countries to 45 host countries. There are two central findings. First, a rise in either the tax rate on multinational firms or the corruption level in a host country reduces inward foreign direct investment (FDI). In a benchmark estimation, an increase in the corruption level from that of Singapore to that of Mexico would have the same negative effect on inward FD...
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作者：Ginther, DK
作者单位：Washington University (WUSTL)
摘要：This paper examines how assumptions imposed on the data influence estimates of schooling's effect on earnings. The paper models schooling decisions as treatment effects and imposes assumptions about schooling selection to estimate bounds on the treatment effect. The study begins by using the worst-case bounds derived by Manski (1989, 1990, 1994, 1995) and adds assumptions from the Roy model of schooling self-selection to narrow the bounds on the schooling treatment effect. The bounds are narro...
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作者：Bell, KP; Bockstael, NE
作者单位：University of Washington; University of Washington Seattle; University System of Maryland; University of Maryland College Park
摘要：The application of spatial econometrics techniques to microlevel data of firms or households is problematic because of potentially large sample sizes and more-complicated spatial weight matrices. This paper provides the first application to actual household-level data of a new generalized-moments (GM) estimation technique developed by Kelejian and Prucha. The results based on this method, which is computationally feasible for any size data set, track those generated from the more conventional ...
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作者：Bidarkota, PV
作者单位：Kansas State University
摘要：We investigate asymmetries in the conditional mean dynamics of U.S. GNP. Because the statistical evidence on nonlinearities in the conditional mean could be influenced by the presence of outliers or by a failure to model conditional heteroskedasticity, we explicitly account for outliers by assuming that the innovations are drawn from the stable family, and model time-varying volatility by a GARCH(1, 1) process. We also allow for the possibility of long memory in the series with fractional diff...
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作者：Murnane, RJ; Willett, JB; Tyler, JH
作者单位：National Bureau of Economic Research; Harvard University; Brown University
摘要：This paper examines the value of the GED credential and the conventional high school diploma in explaining the earnings of 27-year-old males in the early 1990s. The data base is the High School and Beyond sophomore cohort. We replicate the basic findings of prior studies that implicitly assume the labor market value of the GED credential does not depend on the skills with which dropouts left school. We show that these average effects mask a more complicated pattern. Obtaining a GED is associat...
