In this paper we investigate the long run relationship between financial depth and economic growth, trying to utilize the data in the most efficient manner via panel unit root tests and panel cointegration analysis. In addition, we use threshold cointegration tests, and dynamic panel data estimation for a panel-based vector error correction model. The long run relationship is estimated using fu...

The Rate of Return to Private Schooling This paper examines the relationship between “school quality” and earnings in the United Kingdom. The specific focus is on evaluating the effect that private schooling has on hourly wage rates. It is well known that private (i.e. fee-paying) schools compared to state schools score higher on most measures of school quality. Therefore by comparing individua...

Available online 30 April 2015 This paper investigates cointegration relationships and Granger causality nexus in a trivariate framework among economic growth, inflation, and stock market development. Utilizing three measures of stock market development and employing a panel vector autoregressive model, we study 34 OECD countries over the time period of 1960–2012. Our novel panel-data estimatio...

Following Lancaster (2002), we propose a strategy to solve the incidental parameter problem. The method is demonstrated under a simple panel Poisson count model. We also extend the strategy to accomodate cases when information orthogonality is unavailable, such as the linear AR(p) panel model. For the AR(p) model, there exists a correction function to fix the incidental parameter problem when t...

This paper estimates the impact of first nationwide e-commerce expansion program on rural households. To do so, we combine a randomized control trial with new survey and administrative microdata. In contrast to existing case studies, find little evidence for income gains producers workers. Instead, are driven by reduction in cost living minority households that tend be younger, richer, more rem...

This paper investigates the interrelationship between urbanization, structural transformation, and post-2000 Chinese housing boom through lens of a dynamic spatial equilibrium model that features migration rich market structure with mortgages. Urbanization transformation emerge as key drivers China's house price boom, while at same time rising prices impede these forces economic transition. Pol...

In this paper, the equivalence scale elasticity will be estimated by using individual panel data on income satisfaction from the German Socio-Economic Panel Study (GSOEP). Satisfaction or happiness data have been more frequently used by economists in recent years to analyze individual well-being. The approach differs from other subjective approaches as respondents are requested to evaluate curr...

the main object of this paper is to find out the impact of economic and institutional factors on export of services in considering the example of oic countries. panel data method as an econometrics approach is used for estimating models. results show that variables such as gdp per capita, the real exchange rate, foreign direct investment, and information infrastructures have positive and signif...

This paper examines the relationship between household income shocks and child labor. In particular, we investigate the extent to which transitory income shocks lead to increases in child labor and whether household asset holdings mitigate the effects of these shocks. Using data from a household panel survey in Tanzania, we find that both relationships are significant. We investigate mechanisms...

This paper investigates whether knowledge accumulating activities, such as exporting, R&D, or worker training, can enhance plants’ productivity. To this end we use plant level panel data for Irish manufacturing. Our results importantly indicate that productivity enhancing effects of these factors are found only for domestic firms, but not for foreign multinationals located in Ireland. We postul...