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Social and Behavioral Sciences Commons™
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- Panel Data (2)
- Cointegration (1)
- Conflict (1)
- Fixed Effects (1)
- Fixed and Random Effects (1)
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- Hausman test (1)
- Homogeneity (1)
- Housing Market (1)
- Market Efficiency (1)
- Mundlak Regression (1)
- Panel Data; Fixed Effects; Random Effects; Spatial Model; Hausman Test (1)
- Prediction (1)
- Purchase and Rental Price (1)
- Random Effects (1)
- Sanctions (1)
- Serial Correlation (1)
- Spatial Error Correlation (1)
- Two-way error components model (1)
- Unbiased Predictor (1)
- Unrecognized States (1)
Articles 1 - 5 of 5
Full-Text Articles in Social and Behavioral Sciences
The Two-Way Mundlak Estimator, Badi H. Baltagi
The Two-Way Mundlak Estimator, Badi H. Baltagi
Center for Policy Research
Mundlak (1978) shows that the fixed effects estimator is equivalent to the random effects estimator in the one-way error component model once the random individual effects are modeled as a linear function of all the averaged regressors over time. In the spirit of Mundlak, this paper shows that this result also holds for the two-way error component model once this individual and time effects are modeled as linear functions of all the averaged regressors across time and across individuals. Woolridge (2021) also shows that the two-way fixed effects estimator can be obtained as a pooled OLS with the regressors augmented …
Prediction In A Generalized Spatial Panel Data Model With Serial Correlation, Badi H. Baltagi, Long Liu
Prediction In A Generalized Spatial Panel Data Model With Serial Correlation, Badi H. Baltagi, Long Liu
Center for Policy Research
This paper considers the generalized spatial panel data model with serial correlation proposed by Lee and Yu (2012) which encompasses a lot of the spatial panel data models considered in the literature, and derives the best linear unbiased predictor (BLUP) for that model. This in turn provides valuable BLUP for several spatial panel models as special cases.
Cointegration Of Matched Home Purchases And Rental Price Indexes –Evidence From Singapore, Badi Baltagi, Jing Li
Cointegration Of Matched Home Purchases And Rental Price Indexes –Evidence From Singapore, Badi Baltagi, Jing Li
Center for Policy Research
This paper exploits the homogeneity feature of the Singapore private residential condominium market and constructs matched home purchase price and rental price series using the repeated sales method. These matched series allow us to conduct time series analysis to examine the long-term present value relationship in the housing market. Three key findings are obtained. First, we fail to establish a cointegrating relationship between the home purchase price and rental price based on nationally estimated indexes. Second, area-specific indexes demonstrate strong cross-correlations, invalidating the use of first generation panel unit root tests that ignore these cross-correlations. Third, Pesaran’s CIPS test indicates …
Random Effects, Fixed Effects And Hausman’S Test For The Generalized Mixed Regressive Spatial Autoregressive Panel, Badi Baltagi, Long Liu
Random Effects, Fixed Effects And Hausman’S Test For The Generalized Mixed Regressive Spatial Autoregressive Panel, Badi Baltagi, Long Liu
Center for Policy Research
This paper suggests random and fixed effects spatial two-stage least squares estimators for the generalized mixed regressive spatial autoregressive panel data model. This extends the generalized spatial panel model of Baltagi, Egger and Pfaffermayr (2013) by the inclusion of a spatial lag dependent variable. The estimation method utilizes the Generalized Moments method suggested by Kapoor, Kelejian, and Prucha (2007) for a spatial autoregressive panel data model. We derive the asymptotic distributions of these estimators and suggest a Hausman test a la Mutl and Pfaffermayr (2011) based on the difference between these estimators. Monte Carlo experiments are performed to investigate the …
Unrecognized States: A Theory Of Self-Determination And Foreign Influence, Kristina Buzard, Benjamin A.T. Graham, Ben Horne
Unrecognized States: A Theory Of Self-Determination And Foreign Influence, Kristina Buzard, Benjamin A.T. Graham, Ben Horne
Economics - All Scholarship
Unrecognized states are characterized by stagnant or crumbling economies and political instability, often serve as havens for illicit trade, and challenge the territorial sovereignty of recognized states. Their persistence is both intellectually puzzling and normatively problematic, but unrecognized statehood can be a remarkably stable outcome, persisting for decades. Our four-player model reveals that unrecognized statehood emerges as an equilibrium outcome when a patron state is willing and able to persistently invest resources to sustain it. We assess options available to actors in the international community who seek to impose their preferred outcomes in these disputes and find that, although sanctions …