panel dataThis paper examines the level of capital mobility in European Union members using the generalized method of moments (GMM) estimation technique developed by Hansen (1982). This study investigates the validity of the Feldstein-Horioka puzzle within the GMM framework and the impact of the ...
The paper specifies dynamic panel models and uses difference generalized method of moment (GMM) estimation technique. The...被引量: 3 年份: 2012 收藏 引用 批量引用 报错 分享 全部来源 免费下载 求助全文 ResearchGate ResearchGate (全网免费下载) 钛学术 钛学术 (全网免费下载) ...
Efficient Estimation of Agricultural Time Series Models with Nonnormal Dependent Variables The distribution is one of the few that allows modeling heteroskedasticity and autocorrelation. The technique is evaluated with Monte Carlo simulation and ... Octavio,A.,Ramírez,... - 《Am.j.agr.econ》 被引...
A systems GMM estimation method is used to estimate the Feldstein–Horioka equation from 1960 to 2007 with a panel of 13 OECD countries. It is found that the Feldstein–Horioka puzzle exists in a weaker form with a much reduced saving retention coefficient. The Bretton Woods agreement in partic...
gmm — Generalized method of moments estimation 9 optimization options: technique(), conv maxiter(), conv ptol(), conv vtol(), conv nrtol(), tracelevel(). technique() specifies the optimization technique to use; gn (the default), nr, dfp, and bfgs are allowed. conv maxiter() specifies...
(1) The green economic growth index fluctuated in the study period, we attribute it to the “political tournament” of local governments. (2) The System-GMM estimation results confirm the existence of composition effect and technique effect in the full sample, but the sub-sample analysis ...
The study provides direct evidence of the oil price shocks and energy consumption using a static panel (POLS and FE) and dynamic panel (system-GMM) estimation technique. The finding shows that oil price shocks affect energy consumption negatively. The greatest positive effect on energy consumption ...
This variable accounts for state/path dependence in NPL accumulation and its inclusion justifies the adoption of the dynamic panel GMM estimation technique (Arellano & Bond, 1991; Blundell & Bond, 1998) as reflected in Equation (2). This inclusion of the lag of the dependent variable renders ...
The method, introduced by Hansen (1982), has become a leading estimation technique in empirical research. To test for the validity of the moment restrictions, we often use the popular J test associated with Sargan (1958) and Hansen (1982). In the time series setting, the J test can be ...
Estimation of the covariance matrix should be performed by had using Mata's matrix algebra facilities. Centre for Research and Teaching in Economics · CIDE · Me´xico c Alfonso Miranda (p. 15 of 57) moptimize() sub-flavours Centre for Research and Teaching in Economics · CIDE · Me...