Measurement error causes a downward bias when estimating a panel data linear regression model. The panel data context offers various opportunities to derive moment conditions that result in consistent GMM estimators. We consider three sources of moment conditions: (i) restrictions on the intertemporal covariance matrix of the errors in the equations, (ii) heteroskedasticity and nonlinearity in ...

This paper investigates the differences in the matching process of job seekers and vacancies to be filled between different educational and occupational groups. To investigate this issue, matching functions are estimated across different occupations and educational cohorts, that is, on an even lower level of aggregation than previously investigated in the literature, and along different dimensi...

The Journal of Economic Literature codes classification system (JEL) published by the American Association (AEA) is de facto standard for research literature in economics. JEL used to classify articles, dissertations, books, book reviews, and working papers EconLit, a database maintained AEA. Over time, it has evolved extended with over 850 subclasses. This paper reviews history development sys...

In this paper, we examine the specification tests which have been proposed for fixed effects in binary panel data model, using several different data generating processes to evaluate the performance of the specification test in different situations. By simulations, we find the specification test based on moment conditions is able to outperform the Lagrange multiplier test proposed by Gurmu (199...

the effect of business regulations on economic growth (a selection of developed and developing countries) mohammad-hossein hosseinzade bahreini assistant professor of economics,ferdowsi university of mashhad mohammad ali falahi associate professor of economics,ferdowsi university of mashhad fatemeh erfany jahanshahi m.sc. in economics abstract in this research, the relationship between business...

We develop a state space framework for estimating term structure models, where latent Markovian state variables are mapped non-linearly into observable market data. The measurement equation of our framework is explicitly constructed such that it takes raw market prices and rates as direct inputs. We thus avoid entirely, the need for data preprocessing, such as the use of ad hoc interpolation an...

the study examines the relationship between the size of firms and their growth in iranian food and beverages industries. the study utilizes iranian industrial data, classified on the base of isic with 4-digit code. the study evaluates the validity of gibrat's law in the selected firms. the validity of the law has been examined by two methods. first, the panel analysis is applied and second...

â â â  â â â â â â â â â â â  financial sector is one of the most influential sectors in economic activities. empirical and theoretical studies conducted in recent years have also confirmed the significant role of financial institutions in economic growth. additionally, trade and financial liberalization policies have been particular concerned with strategic policies in developed and developing...

the convergence hypothesis maintains that an economy whose productivity lags behind other economies has a potential to grow faster. in other words, this economy can experience faster economic growth through absorbing, accepting, and using available technology experience. in this study, we have examined the relationship between tfp of industry sectors and regional convergence in iran's prov...

dual job holding is widespread in iran’s labor market, 18% of work force are holding second job in 1993, which increased to 19% in 2003. using a rich three years panel data-set of socioeconomic characteristics of iranian households, the article aims to examine the determinants of dual job holding across the individuals who have participated in the labor market. since the issue of dual job holdi...