This paper examines the impact of urbanisation, concentration and diversification on firm births deaths across European regions while uniquely accounting for role interrelationships, regional factors national fixed effects. A 3SLS model is estimated 196 16 countries from 2008 to 2017. We find that density positively influences negatively deaths. Related variety impacts affects births. Significa...

In a simple model composed of a structural equation and identity, the finite sample distribution of the IV/LIML estimator is always bimodal and this is most apparent when the concentration parameter is small. Weak instrumentation is the energy that feeds the secondary mode and the coefficient in the structural identity provides a point of compression in the density that gives rise to it. The IV...

Asymptotic expansions are made for the distributions of the Maximum Empirical Likelihood (MEL) estimator and the Estimating Equation (EE) estimator (or the Generalized Method of Moments (GMM) in econometrics) for the coefficients of a single structural equation in a system of linear simultaneous equations, which corresponds to a reduced rank regression model. The expansions in terms of the samp...

In this work, an equation of state has been utilized for thermodynamic modeling of aqueous electrolyte solutions. The proposed equation of state is a combination of simplified statistical associating fluid theory (SAFT) equation of state (similar to simplified PC-SAFT) to describe the effect of short-range interactions and mean spherical approximation (MSA) term to describe the effect of long-r...

In this paper, Hamilton’s (1989) Markov-switching model is extended to the simultaneous equations model. Using a framework for an instrumental variable interpretation of full information maximum likelihood (FIML) by Hausman (1975), we can deal with the problem of simultaneous equations based on the Hamilton filter. When we compared the proposed FIML Markov-switching model to LIML Markovswitchin...