scholarly journals Dynamic Panel Probit Models for Current Account Reversals and Their Efficient Estimation

2007 ◽  
Author(s):  
Roman Liesenfeld ◽  
Guilherme valle Moura ◽  
Jean-Francois Richard
Keyword(s):  
Current Account ◽  
Efficient Estimation ◽  
Dynamic Panel ◽  
Probit Models ◽  
Current Account Reversals

Level-Based Estimation of Dynamic Panel Models

2019 ◽  
Vol 9 (1) ◽  
Author(s):  
Gabriel Montes-Rojas ◽  
Walter Sosa-Escudero ◽  
Federico Zincenko
Keyword(s):  
Monte Carlo ◽  
Panel Data ◽  
Dynamic Panel Data ◽  
Data Models ◽  
Efficient Estimation ◽  
Panel Data Models ◽  
Dynamic Panel ◽  
Dynamic Panel Data Models ◽  
Moment Conditions ◽  
Optimal Estimator

AbstractThis paper develops an alternative estimator for linear dynamic panel data models based on parameterizing the covariances between covariates and unobserved time-invariant effects. A GMM framework is used to derive an optimal estimator based on moment conditions in levels, with no efficiency loss compared to the classic alternatives like (Arellano, M., and S. Bond. 1991. “Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations.” Review of Economic Studies 58 (2): 277–297), (Ahn, S. C., and P. Schmidt. 1995. “Efficient Estimation of Models for Dynamic Panel Data.” Journal of Econometrics 68 (1): 5–27) and (Ahn, S. C., and P. Schmidt. 1997. “Efficient Estimation of Dynamic Panel Data Models: Alternative Assumptions and Simplified Estimation.” Journal of Econometrics 76: 309–321). Still, we show analytically and by Monte Carlo simulations that the new procedure leads to efficiency improvements for certain data generating processes. The framework also leads to a very simple test for unobserved effects.

scholarly journals Do Workers’ Remittances Reduce the Probability of Current Account Reversals?

2009 ◽  
Vol 37 (12) ◽  
pp. 1821-1838 ◽  
Author(s):  
Matteo Bugamelli ◽  
Francesco Paternò
Keyword(s):  
Current Account ◽  
Current Account Reversals

scholarly journals Determinants and Dynamics of Current Account Reversals: An Empirical Analysis

2010 ◽  
Vol 72 (4) ◽  
pp. 486-517 ◽  
Author(s):  
Roman Liesenfeld ◽  
Guilherme Valle Moura ◽  
Jean-François Richard
Keyword(s):  
Empirical Analysis ◽  
Current Account ◽  
Current Account Reversals

scholarly journals Efficient estimation of probit models with correlated errors

2010 ◽  
Vol 156 (2) ◽  
pp. 367-376 ◽  
Author(s):  
Roman Liesenfeld ◽  
Jean-François Richard
Keyword(s):  
Efficient Estimation ◽  
Correlated Errors ◽  
Probit Models
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