Given the high resilience of Central and Eastern Europe (CEE) banking sectors during last financial crisis their major role in CEE region financing economy supporting growth rates achieved there, our paper investigates determinants profitability based on a Generalized Method Methods (GMM) approach using data between 2009 2018. We have selected from macroeconomic factors financial-banking specif...

It is well-known that the performance of acoustic-to-articulatory inversion improves by smoothing the articulatory trajectories estimated using Gaussian mixture model (GMM) mapping (denoted by GMM + Smoothing). GMM + Smoothing also provides similar performance with GMM mapping using dynamic features, which integrates smoothing directly in the mapping criterion. Due to the separation between smo...

In this paper we consider estimation and inference of common breaks in panel data models via adaptive group fused lasso. We consider two approaches — penalized least squares (PLS) for firstdifferenced models without endogenous regressors, and penalized GMM (PGMM) for first-differenced models with endogeneity. We show that with probability tending to one both methods can correctly determine the ...

This paper develops consistent model and moment selection criteria for GMM estimation. The criteria select the correct model speci"cation and all correct moment conditions asymptotically. The selection criteria resemble the widely used likelihoodbased selection criteria BIC, HQIC, and AIC. (The latter is not consistent.) The GMM selection criteria are based on the J statistic for testing over-i...

the relationship between economic growth and developments in the ‎financial sector has been one of the most discussed areas in economics ‎for a long time; and the direction of causality – whether financial ‎development causes economic growth or vice versa – is by no means a ‎settled issue.‎this paper investigates the short- run and long-run granger causality ‎between financial development and e...

This paper tests whether the Solow model augmented with multiple forms of human capitals can explain cross-country difference in growth and investigates the effect of health on the growth of per capita income. Following Knowles and Owen (1995), we introduce both education human capital and health human capital into the textbook Solow model and extend their cross-section analysis to a dynamic pa...

This paper tests whether the Solow model augmented with multiple forms of human capital can explain cross-country difference in growth and investigates the effect of health on the growth of per capita income. Following Knowles and Owen (1995), we introduce both education human capital and health human capital into the textbook Solow model and extend their cross-section analysis to a dynamic pan...

Southeast Asian Nations (ASEAN) observed rapid economic growth in the last few decades. This study aims to investigate whether integration and information communication technology (ICT) promotes ASEAN. It further examines role of ICT for relationship with respect readiness usage. The undertook panel data over 21 years (1997 – 2017) employed Generalized Method Moments approach estimation results...

This paper develops the links between overidentification tests, underidentification score tests and Cragg Donald (1993, 1997) Kleibergen Paap (2006) rank in linear instrumental variable (IV) models. For structural model y=Xβ+u, with endogenous explanatory variables partitioned as X=x1X2, this general framework shows that standard are for an auxiliary model, x1=X2δ+ε, estimated by IV estimation ...

A panel data model which combines an autoregressive fixed effects panel data equation and a static equation with measurement errors is considered. Examples of models for pure time series data with errors in variables are the starting point. Two versions of the Generalized Method of Moments (GMM) for this panel data model are considered, with fixed effects accounted for by, respectively, (i) tra...