Essays about: "Dynamic panel GMM estimator"
Showing result 1 - 5 of 8 essays containing the words Dynamic panel GMM estimator.
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1. Competition & R&D Subsidies: New Perspectives on the Public-Private Nexus
University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomiAbstract : Using a dynamic panel model, this paper empirically examines the effect of public R&D subsides on privately funded R&D in a new light. By synthesizing the theories on public R&D support with those on the relationship between R&D and market structure, we explore to what extent R&D expenditures may depend on public funding in a non-linear, concave fashion with respect to product market competition. READ MORE
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2. Half-panel jackknife estimation of GMM models with fixed effects
University essay from Lunds universitet/Nationalekonomiska institutionenAbstract : In empirical economics, the generalized method of moments (GMM) is one of the most widely used methods for estimating models with fixed effects, such as the dynamic panel model. For the dynamic panel model, the two most widely used GMM-based estimators are the so-called difference GMM and system GMM estimators. READ MORE
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3. A comparison of FDML and GMM for estimation of dynamic panel models with roots near unity
University essay from Lunds universitet/Nationalekonomiska institutionenAbstract : This thesis compares the performance of the first-differenced maximum likelihood estimator (FDML) and the Blundell-Bond continuously-updating system GMM estimator of the autoregressive parameter in an AR(1) dynamic panel model without exogenous covariates, particularly focusing on the close-to-non-stationary case. This case is far from trivial, as a high degree of persistence is the norm rather than the exception in economic panels. READ MORE
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4. Profitability Effects of Working Capital Management: An Analysis of Swedish SMEs
University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansieringAbstract : The purpose of this thesis is to examine how the profitability in Swedish small and medium sized enterprises (SMEs) is affected by working capital management (WCM). The cash conversion cycle and its three elements (days in inventory, days accounts receivable and days accounts payable), which are utilised as measures of WCM, all show negative relationships with SME profitability when analysed with fixed effects regressions. READ MORE
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5. Government, Household and Corporate Debt - The Effect on Growth
University essay from Lunds universitet/Nationalekonomiska institutionenAbstract : According to Reinhart and Rogoff (2009), credit booms have been associated with financial instability and crisis for as long as 800 years. Notwithstanding, the debate on the sustainability of increased indebtedness in the world economy has regained importance, as trends for both public and private debt show rapid rises in the last three decades. READ MORE
