are derived by combining figures from different estimation methods. We describe and discuss the strengths and weaknesses … of the different estimation methods. We find that the growth of the shadow economy—which is now remarkably large in the … extent of state regulatory activities. Rising corruption also has a clearly positive impact on the growth of the shadow …

we extend the BMA framework to panel data models where the lagged dependent variable as well as endogenous variables … our methodology is well suited for inference in dynamic panel data models with short time periods in the presence of …

This paper extends the Bayesian Model Averaging framework to panel data models where the lagged dependent variable as …. These findings suggest that our methodology is well suited for inference in short dynamic panel data models with endogenous … regressors in the context of model uncertainty. We illustrate the use of LIBMA in an application to the estimation of a dynamic …

, increasing average years of schooling and reducing inequality of schooling. When dynamic panel estimation techniques are used to …This paper presents new results on the relationship between income inequality and education expansion-that is … between inequality of schooling and income inequality, especially in emerging and developing economies and among older age …

We undertake an extended discussion of the latest developments about the existing and new estimation methods of the … Multiple Causes (MIMIC) in a structured hybrid-model based estimation procedure, are promising approaches from an econometric …

. However, trade openness also influences budget balances through several other channels: corruption, income inequalities, etc …

Corruption, particularly political or “grand” corruption, distorts the entire decision-making process connected with … shows that higher corruption is associated with (i) higher public investment; (ii) lower government revenues; (iii) lower … corruption increases public investment while reducing its productivity. These are five channels through which corruption lowers …