Empirical results through a fixed effects regression model show that government size has a negative effect on growth mainly through hampering capital accumulation. When a sample is divided into OECD and non-OECD countries, the negative effect of government size on capital accumulation persists for non-OECD countries but not for OECD countries.

Strike Three: Umpires’ Demand for Discrimination We explore how umpires’ racial/ethnic preferences are expressed in their evaluation of Major League Baseball pitchers. Controlling for umpire, pitcher, batter and catcher fixed effects and many other factors, strikes are more likely to be called if the umpire and pitcher match race/ethnicity. This effect only exists where there is little scrutiny...

Many studies find a strong negative association between crime and education. This raises the question whether crime reduces investment in human capital or whether education reduces criminal activity. This article investigates posed question by using fixed-effect estimation on data of Australian twins. We find early arrests (before the age of 18) both to have a strong effect on human capital acc...

‎The aim of this paper is to generalize the comprehensive structural model for defaultable fixed income bonds (considered in R‎. ‎Agliardi‎, ‎A comprehensive structural model for defaultable fixed-income bondsو Quant‎. ‎Finance 11 (2011)‎, ‎no‎. ‎5‎, ‎749--762.) into a comprehensive unified model of structural and reduced form models‎. ‎In our model the bond holders receive the deterministic co...

We present an algorithm to estimate the two-way fixed effect linear model. The algorithm relies on the Frisch-Waugh-Lovell Theorem and applies to ordinary least squares (OLS), two-stage least squares (TSLS) and generalized method of moments estimators (GMM). The coefficients of interest are computed using the residuals from the projection of all variables on the two sets of fixed-effects. Our a...

This paper introduces bias-corrected estimators for nonlinear panel data models with both time invariant and time varying heterogeneity. These models include systems of equations with limited dependent variables and unobserved individual effects, and sample selection models with unobserved individual effects. Our two-step approach first estimates the reduced form by fixed effects procedures to ...

This paper studies the effect of flexible linear torso on the dynamics of passive quadruped bounding. A reduced-order passive and conservative model with linear flexible torso and springy legs is introduced. The model features extensive spine deformation during high-speed bounding, resembling those observed in a cheetah. Fixed points corresponding to cyclic bounding motions are found and calcul...

This paper is concerned with the existence of mild solution for impulsive stochastic differential equations with nonlocal conditions in PC -norm. Our approach is based on Krasnoselskii fixed point theorem. Mathematics subject classification (2010): 34K50, 60H15.

The world does not need yet another proof of the classical no retraction theorem (NRT) and its equivalent partner the Brouwer fixed point theorem (BFPT)— many lovely elementary proofs are widely known. What does merit a new proof, however, is a much less well-known generalization of the NRT to a broader class of topological spaces than only those that are homeomorphic to balls (which is what th...

background determinants of health or health production function in health economics literature constitute noticeable issues in health promotion. this study aimed at estimating a health production function for east mediterranean region (emr) based on the grossman theoretical model.   methods this ecological study was performed using the econometric methods. the panel data model was used in order...