The purpose of this paper is to review the main literature that has analyzed the channels through which institutions influence economic change, hence development. The interest for this topic arises from the relatively recent consensus that has emerged among scholars and policy makers in considering institutions a key factor shaping the outcome of the economic game. The aim is pursued by discuss...

The rise of barter and non-cash payments has become a dominant feature of the Russian transition to a market economy. This paper confronts with empirical evidence two approaches to explain barter in Russia: the ’illusion view’ and the ’trust view’ of barter. The ’illusion view’ suggests that barter allows the parties to pretend that the manufacturing sector in Russia is producing value added by...

this study attempts to investigate the relationship between pollution and economic growth for two groups of countries according to environmental kuznets curve hypothesis for a sample of 24 developing countries and 26 oecd countries over the period 1980 - 2005. then, we examine this hypothesis using modern econometrics techniques including panel co-integration and panel unit-root. the panel data...

A panel data approach to price-value correlations Abstract Resorting to stationary and non-stationary panel data econometrics we o¤er tests for "Ricardo's 93% theory of value" for 10 OECD countries over di¤erent time ranges. The theory does not …nd empirical support. unit root tests, panel cointegration tests.

This article provides a selective review on the recent developments of some nonlinear nonparametric and semiparametric panel data models. In particular, we focus on two types of modelling frameworks: nonparametric and semiparametric panel data models with deterministic trends, and semiparametric single-index panel data models with individual effects. We also review various estimation methodolog...

Am I Missing Something? The Effects of Absence from Class on Student Performance We exploit a rich administrative panel data-set for cohorts of Economics students at a UK university in order to identify causal effects of class absence on student performance. We utilise the panel properties of the data to control for unobserved heterogeneity across students and hence for endogeneity between abse...

New Zealand has one of the highest asthma prevalence rates among developed countries and previous research attributes this partly to poor socioeconomic conditions and to insufficient home heating in particular. Retrospective empirical studies from overseas suggest that home heating is associated with asthma rates. However, the evidence to date is not conclusive. In this paper, I build a theoret...

Sibling Influence on the Human Capital of the Left Behind While a growing literature has analyzed the effects of parental migration on the educational outcomes of children left behind, this is the first study to highlight the importance of sibling interactions in such a context. Using panel data from the RUMiC Survey, we find that sibling influence on schooling performance is stronger among lef...

preliminary) We examine the role of changes in health on participation decisions of elderly in Mexico using the Mexican Health and Aging Study (2001-2003). A simultaneous equations model accounts for potential endogeneity of health. Preliminary results with a two-stage estimation method suggest that a better health causes a stronger attachment to the labor market, and finds no evidence that emp...

The effect of remittances on capital accumulation remains a contested topic. This paper uses a panel data set from rural Mexico to investigate the impact of remittances on agriculture and livestock investments. After controlling for the endogeneity of migration through an instrumental variable estimation our empirical results show that international migration has a significantly positive effect...