Using the LSMS panel data collected by the World Bank in Albania from 2002 to 2004, this paper focuses on the determinants and financial implication of remittances sent by family members and adult children living abroad. Our econometric analysis draws on random and fixed effects discrete choice models. We find that the proportion of households receiving remittances is large. These transfers are...

This paper uses prefecture-level panel data from Japan, spanning the period 1989–2003, to examine the influence of social norms and fractionalization on voting behavior. The key findings obtained from analysis via the fixed effects estimation, which controls for unobserved prefecture-specific fixed effects, are as follows: (1) the voter turnout is higher in close-knit communities, indicating th...

January 22, 2009 Abstract Most existing empirical evidence on the impact of profit taxation on multinational firm activity is based on cross-country data. One major drawback of such data is that countries differ not only with regard to taxes but along other dimensions which might be hard to capture by means of observable characteristics. We compile a database of more than 11, 000 municipalities...

Science is increasingly produced in collaborative teams, but collaborative teams in science are self-assembled and fluid. Such characteristics call for a network approach to account for external activities responsible for team product but taking place beyond closed team boundaries in the open network. Given such characteristics of collaborative teams in science, we empirically test the interdep...

This paper investigates statistical properties of high-frequency intraday stock returns across various frequencies. Both time series and panel data are employed to explore probability distribution properties, autocorrelations, dynamic conditional correlations, and scaling analysis in the Dow Jones Industrial Average (DJIA) and the NASDAQ intraday returns across 10-minute, 30-monute, 60minute, 1...

This paper examines the impact of cartel policy on firms’ profits using a panel data set of UK manufacturing industries over 1954-1973. The introduction of cartel laws in the UK in the late 1950s caused an intensification of price competition in previously cartelised manufacturing industries, but it did not affect those industries which were not cartelised. The econometric results from a compar...

This paper estimates peer effects on student achievement using a panel data set obtained from a middle school in China. Two unique features of the organization of Chinese middle schools (Grades 7 to 9) and the panel data allow us to identify peer effects at classroom level; in particular, we are able to overcome difficulties that have hindered the separation of peer effects from omitted individ...

This paper applies a gravity model to examine the determinants of Icelandic exports. The model specifications tested allow for sector and trade bloc estimation. Also, a combination of an export ratio and a gravity model is tested, as well as marine product subsamples. The estimates are based on panel data on exports from 4 sectors, to 16 countries, over a period of 11 years. Estimates indicate ...

Utilizing panel data methods and applying Granger causality tests within a framework of a panel cointegration and error correction model, this paper investigates the relationship between financial development and economic growth for 14 Latin American countries from 1978 to 2011. The empirical results show that when banking sector development indicators are used as proxies for financial developm...

The most commonly used approaches to parametric (stochastic frontier) analysis of efficiency in panel data, notably the fixed and random effects models, fail to distinguish between cross individual heterogeneity and inefficiency. This blending of effects is particularly problematic in the World Health Organization’s (WHO) panel data set on health care delivery, which is a 191 country, five year...