he links among trade, technological changes, and worker earnings have been the subject of intense research during the past few decades. The current literature on this subject shows that trade liberalization and technological changes are the main drivers of demand for skilled workers and a rise in the wage premium. In the present article, a panel of 134 Iranian manufacturing industries over the ...

This paper considers the problem of prediction in a panel data regression model with spatial autocorrelation. In particular, we consider a simple demand equation for cigarettes based on a panel of 46 states over the period 1963-1992. The spatial autocorrelation due to neighboring states and the individual heterogeneity across states is taken explicitly into account. We derive the best linear un...

This paper contrasts the performance of heterogeneous and shrinkage estimators versus the more traditional homogeneous panel data estimators. The analysis utilizes a panel data set from 21 French regions over the period 1973-1998 and a dynamic demand speci...cation to study the gasoline demand in France. Out-of-sample forecast performance as well as the plausibility of the various estimators ar...

This study investigates the market valuation effect of ownership concentration, financial policy and profitability in a sample 109 non-family over period 2012 to 2019. Hence, we used balance panel data investigate value possible variables identified using General Method Moment (GMM) estimator. The results is dynamic nature, implying that last year's significantly affects current value. Although...

Previous research on dynamic panel estimation has focused on panels that, unlike a typical panel of macroeconomic data, have small time dimensions and large individual dimensions. We use a Monte Carlo approach to investigate the performance of several different methods designed to reduce the bias of the estimated coefficients for the longer, narrower panels commonly found for macro data. We fin...

The purpose of this paper is to construct a dynamic stochastic production frontier incorporating the sluggish adjustment of inputs, to measure the speed of adjustment of output, and to compare the technical efficiency estimates from this dynamic model to those from a static model. Assuming that the adjustment speed of all inputs is similar for every production unit, a linear partial adjustment ...

The purpose of this paper is to show that the use of panel data can shed some light on the FeldsteinHorioka puzzle. The use of panel data would bring in two advantages. First, it would avoid the bias towards low capital mobility brought by the use of time-averaged data. Second, it would make possible to take into account specific effects (heterogeneity) like a country’s size. Pooling annual dat...