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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/10014285538
pollution ; shadow economy ; corruption ; panel data …We study how the shadow economy affects pollution and how this effect depends on corruption levels in public … be accompanied by higher pollution levels. Our theoretical model predicts that controlling the levels of corruption can …
Persistent link: https://www.econbiz.de/10009375247
panel data models. It analyzes the behavior of these estimators in the cases of no self-flow data, unbalanced data, and … dynamic autoregressive models. The main results are then generalized for higher dimensional panel data sets as well. …
Persistent link: https://www.econbiz.de/10010492323
This paper considers the problem of identification, estimation and inference in the case of spatial panel data models … errors. A quasi maximum likelihood (QML) estimation procedure is developed and the conditions for identification of spatial …
Persistent link: https://www.econbiz.de/10011983664
the 2019Q1-2021Q2 period using a dynamic panel approach, specifically the system Generalized Method of Moments (GMM). In …
Persistent link: https://www.econbiz.de/10012668484
This paper examines how the Covid-19 pandemic affected European trade patterns. Specifically, dynamic panel data models …
Persistent link: https://www.econbiz.de/10013457807
the period from 2000 to 2021 using dynamic panel data models. The estimation results provide evidence of significant …
Persistent link: https://www.econbiz.de/10014314278
Using the MIMIC method, this paper is a first attempt to estimate the size of the shadow economy of 158 countries over the period 1991 up to 2015. In addition to performing a variety of robustness tests, this paper explicitly addresses endogeneity concerns to the use of GDP as cause and...
Persistent link: https://www.econbiz.de/10011646238
findings, a growing shadow economy has a negative effect on official GDP growth, and a positive impact of corruption on the …
Persistent link: https://www.econbiz.de/10009781691
Persistent link: https://www.econbiz.de/10003377261