In this paper I propose a computationally practical simulation estimator for large categories of the dynamic panel Tobit model with complicated dependence structures. I first apply the sequential decomposition methods introduced by Hendry and Richard (1992) to obtain the tractable simulated log-likelihood function of the dynamic panel Tobit model. I then maximize this log-likelihood function si...

A spatial dynamic panel data approach is adopted to study regional growth convergence in the U.S. economy. In the neoclassical growth model, regions and countries are assumed to be independent from each other, which may not be valid in the real world. We introduce technological spillovers into the neoclassical framework, showing that the convergence rate is higher and there is spatial interacti...

This paper shows nonparametric identification of dynamic panel data models with nonseparable heterogeneity and dynamic selection by nonparametrically differencing out these two sources of bias. For T = 3, the model is identified by using a proxy variable. For T = 6, the three additional periods construct the proxy to establish identification. As a consequence of these identification results, a ...

This study is to examine how FDI and green economic growth are related in Southeast Asian economies. It also attempts find out the role of fiscal policy development relationship between economies region. For this purpose, a dynamic panel threshold model used for data over period 2000–2018. The main results show that has positive impact on progress these economies, with stronger group high devel...

Quite often shadow economy (SE) and corruption are seen as "twins", which need each other or fight against each other and theoretically can be either complements or substitutes. Therefore, the relationship between SE and corruption has been a controversial and polemical issue and in the spotlight of a remarkable collection of economists and social researchers. The main objective of this study ...

Eco-innovation is the main driver of realizing coordinated development resource, environmental and economic systems. This paper measures regional eco-innovation efficiency (EIE) by using Super-Slack Based Measure (SBM) model with undesirable outputs distinguishes different agglomeration patterns based on Chinese data 21 manufacturing sub-industries 30 provinces. In particular, from perspective ...

Abstract This study investigates whether the underlying information and communication technology (ICT) infrastructure of firms affects development online sales, based on a novel micro-aggregated panel dataset encompassing large group European countries. The includes continuous measures sales activities, as well standard production function input variables. Dynamic System GMM estimations show po...

in the recent years, renewable energy sources are an important component of world energy consumption. gdp is one of the main measures of a country’s economic activity. most of the studies examine the impact of renewable energy consumption on gdp with single equation model and the others use dynamic panel data. since the granger causality analysis’s findings of this paper establish bidirectional...

This paper is a systematic attempt to establish the effect of anti-money laundering (AML) systems on FDI flows across globe. Complex and related hypotheses are tested using data from 2012 2018 165 economies different continents, income levels, regulatory environments. First, examines AML flows. Second, nonlinearities systems-FDI nexus. Third, if host country peculiarities such as an offshore fi...