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Social and Behavioral Sciences Commons™
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Full-Text Articles in Social and Behavioral Sciences
Determinants Of Firm-Level Domestic Sales And Exports With Spillovers: Evidence From China, Badi H. Baltagi, Peter H. Egger, Michaela Kesina
Determinants Of Firm-Level Domestic Sales And Exports With Spillovers: Evidence From China, Badi H. Baltagi, Peter H. Egger, Michaela Kesina
Center for Policy Research
This paper studies the determinants of firm-level revenues, as a measure of the performance of firms in China's domestic and export markets. The analysis of the determinants of the aforementioned outcomes calls for a mixed linear-nonlinear econometric approach. The paper proposes specifying a system of equations, which is inspired by Basmann's work and recent theoretical work in international economics and conducts comparative static analyses regarding the role of exogenous shocks to the system to flesh out the relative importance of transmissions across outcomes.
Bayesian Spatial Bivariate Panel Probit Estimation, Badi Baltagi, Peter H. Egger, Michaela Kesina
Bayesian Spatial Bivariate Panel Probit Estimation, Badi Baltagi, Peter H. Egger, Michaela Kesina
Center for Policy Research
This paper formulates and analyzes Bayesian model variants for the analysis of systems of spatial panel data with binary dependent variables. The paper focuses on cases where latent variables of cross-sectional units in an equation of the system contemporaneously depend on the values of the same and, eventually, other latent variables of other cross-sectional units. Moreover, the paper discusses cases where time-invariant effects are exogenous versus endogenous. Such models may have numerous applications in industrial economics, public economics, or international economics. The paper illustrates that the performance of Bayesian estimation methods for such models is supportive of their use with …