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Shedding Light on the Shadow Economy : A Global Database and the Interaction with the Official One
Medina, Leandro - 2019
Using the multiple indicator-multiple cause (MIMIC) approach, this paper generates a novel global database by estimating the size of the shadow economy for 157 countries over 1991 to 2017. The results suggest that the OECD countries are by far the lowest with values below 20% of off official GDP...
Persistent link: https://www.econbiz.de/10012857902
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The Impact of Inequality on the Informal Economy in Latin America and the Caribbean with a Mimic Model
Takanohashi, Marcos; Ribeiro, Marcel; Schneider, Friedrich - 2023
Caribbean (LAC), but its size estimation has been mainly limited to worldwide models applied to the region. This paper proposes … a MIMIC Base Model using a data set composed by 41 countries in LAC, in which both inequality and total factor … with the literature. When compared with a model using data from 188 countries, inequality has an impact ten-fold higher in …
Persistent link: https://www.econbiz.de/10014348093
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Time-Varying Parameters in Monetary Policy Rules : A GMM Approach
Anderl, Christina; Caporale, Guglielmo Maria - 2023
This paper assesses time variation in monetary policy rules by applying a Time-Varying Parameter Generalised Methods of Moments (TVP-GMM) framework. Using monthly data until December 2022 for five inflation targeting countries (the UK, Canada, Australia, New Zealand, Sweden) and five countries...
Persistent link: https://www.econbiz.de/10014348141
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Microentrepreneurship in Developing Countries
Jayachandran, Seema - 2020
This article reviews the recent literature in economics on small-scale entrepreneurship ("microentrepreneurship") in low-income countries. Major themes in the literature include the determinants and consequences of joining the formal sector; the impacts of access to credit and other financial...
Persistent link: https://www.econbiz.de/10012841738
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Political Risk and Real Exchange Rate : What Can We Learn from Recent Developments in Panel Data Econometrics for Emerging and Developing Countries?
Bahmani‐Oskooee, Mohsen - 2019
Cross- Sectionally Augmented ARDL approach of Chudik and Pesaran (2015b), and the panel threshold estimation of Chudik et al …. (2017) our main findings are the following: i) countries experiencing a high degree of corruption, a high risk to investment … evidence for a threshold effect on the relationship between investment profile-RER, corruption-RER and political instability …
Persistent link: https://www.econbiz.de/10012892145
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Inequality and the import demand function
Adam, Antonis; Katsimi, Margarita; Moutos, Thomas - 2008
inequality on the demand for imports is then assessed by examining panel data for 36 developing and developed countries for the …In this paper we build a model of trade in vertically differentiated products and find that income inequality can … 1980-1997 period. We find significant evidence supporting our prediction that inequality has a large influence on the …
Persistent link: https://www.econbiz.de/10010264288
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Revisiting Time as a Trade Barrier : Evidence from a Panel Structural Gravity Model
Oberhofer, Harald - 2019
trade using a theory-consistent structural gravity model. We exploit a rich panel data set including domestic trade flows …
Persistent link: https://www.econbiz.de/10012892158
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Common Correlated Effects Estimation of Heterogeneous Dynamic Panel Quantile Regression Models
Harding, Matthew - 2018
This paper proposes a quantile regression estimator for a heterogeneous panel model with lagged dependent variables and … Pesaran (2015) and demonstrates that the extension to the estimation of dynamic quantile regression models is feasible under … the time series dimension of the panel is large. We present an application to the evaluation of Time-of-Use pricing using …
Persistent link: https://www.econbiz.de/10012908711
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Do Immigrants Affect Crime? Evidence from Panel Data for Germany
Maghularia, Rita - 2019
administrative districts between 2003 and 2016. Employing different standard panel estimation methods, we show that there is no …The paper analyses the empirical relationship between immigrants and crime using panel data for 391 German …, omitted variables and spatial correlation. Furthermore, taking advantage of the panel-structure of the data set we employ an …
Persistent link: https://www.econbiz.de/10012867015
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The COVID-19 Pandemic and European Trade Flows : Evidence from a Dynamic Panel Model
Caporale, Guglielmo Maria; Sova, Anamaria; Sova, Robert - 2022
, an ARDL dynamic panel model is estimated using the PMG method to analyse monthly data covering the most recent period …
Persistent link: https://www.econbiz.de/10014080051