TheRPackagephtt: Panel Data Analysis with Heterogeneous Time Trends

Consistent estimation of binary-choice panel data models with heterogeneous linear trends

This paper presents an extension of fixed effects binary choice models for panel data, to the case of heterogeneous linear trends. Two estimators are proposed: a Logit estimator based on double conditioning and a semiparametric, smoothed maximum score estimator based on double differences. We investigate small-sample properties of these estimators with a Monte Carlo simulation experiment, and c...

A Bayesian Analysis of Common Trends and Cycles on Nonstationary Time Series Panel Data

This paper utilizes the Bayesian approach to examine latent common stochastic trends and cycles of nonstationary time series panel data. We develop a Markov Chain Monte Carlo (MCMC) algorithm that explores the high-dimensional posterior distribution of the panel data model. Numerical simulation shows that the Bayesian approach based on this algorithm is effective at both estimating the elements...

Combining time DEA scores using a dynamic panel data model

We define a combined DEA score to evaluate efficiency in agricultural research. The production model we propose considers efficiency measurements under variable returns to scale for each year in the period 2012–2017. We postulate a first-order autoregressive process in the presence of covariates, to explain efficiency. Powers of the autocorrelation coefficient estimated assuming a dynamic panel...

Financial Development and Economic Growth: Panel Data and Trilateral Analysis

A large body of literatures links financial development to economic growth, yet the channels through which inflation and economic development affect this relationship have been less thoroughly explored. This research takes econometric and trilateral graphic approaches to examine these channels using 99 developing and developed countries during the years 1960-2009. Findings prove that respecti...

Dynamic Panel Data Analysis Of European Tourism Demand In Malaysia