in this paper, the effect of trade openness on growth is examined across the members of organization of the islamic conference (oic) by using convergence-growth equation and gmm-system dynamic panel data estimator over the period 1980-2009. the results show that the overall trade, the trade with non-oic countries, and the investment in physical and human capital stimulate economic growth. in co...

the main objective of this paper is to investigate the effects of monetary regime (countries with inflation targeting monetary policy versus countries with exchange rate anchor) on the extent of exchange rate pass-through over the period of 1999-2010. to achieve this objective, the econometric model has been estimated by dynamic panel data approach and arrelano- bond (ab) method. the empirical ...

In this paper I propose a computationally practical simulation estimator for large categories of the dynamic panel Tobit model with complicated dependence structures. I first apply the sequential decomposition methods introduced by Hendry and Richard (1992) to obtain the tractable simulated log-likelihood function of the dynamic panel Tobit model. I then maximize this log-likelihood function si...

The Persistence of Informality: Evidence from Panel Data Informality is a growing phenomenon in the developing and transition country labor market context. In particular, it is noticeable that working in an informal employment relationship is often not temporary. The degree of persistence of informality in the labor market might be due to different sources: structural state dependence due to pa...

I n order to have a successful regional planning policy, one needs to know exactly the effective factors on the growth of the provinces. Thus, determining and evaluating these growth rates are important for urban and regional planners. The main goal of this study is to determine the effective factors on the growth (population growth and per capita income growth) of Iran’s provinces. ...

Why Do People Still Live in East Germany? In 1997 GDP per capita in East Germany was 57% of that of West Germany, wage rates were 75% of western levels, and the unemployment rate was at least double the western rate of 7.8%. One would expect that if capital flows and trade in goods failed to bring convergence, labor flows would respond, enhancing overall efficiency. Yet net emigration from East...

We use Second World War destruction in London as a natural experiment to provide evidence on neighborhood e ects. We use a newly-collected and remarkable dataset on thousands of locations within London that records wartime destruction and the economic and social characteristics of locations from the latenineteenth to late-twentieth centuries. We combine these data with a quantitative model of t...