This paper investigates spatial panel data models with a space-time …lter in disturbances. We consider their estimation by both …xed e¤ects and random e¤ects speci…cations. With a between equation properly de…ned, the di¤erence of the random vs. …xed e¤ects models can be highlighted. We show that the random e¤ects estimate is a pooling of the within and between estimates. A Hausman type speci…c...

Since the 1960s, rapid development of institutional investors is a prominent feature of global financial market. In china, full circulation of stock will realize after the completion of Split Share Structure Reform. Under the circumstance of institutional investors holding a large scale of stock, will they change their invest style? Whether they place more emphasis on value investment and conce...

This paper explains how to calculate adjusted risk ratios and risk differences when reporting results from logit, probit, and related nonlinear models. Building on Stata’s margins command, we create a new post-estimation command adjrr that calculates adjusted risk ratios (ARR) and adjusted risk differences (ARD) after running logit or probit models with either binary, multinomial, or ordered ou...

In retail operations, customer choices may be affected by stockout and promotion events. Given panel data with the transaction history of customers, and product availability and promotion data, our goal is to predict future individual purchases. We use a general nonparametric framework in which we represent customers by partial orders of preferences. In each store visit, each customer samples a...

A multinomial logit model of residence and job change is developed and estimated using U.S. data from the Michigan Panel Study of Income Dynamics. It is found that both housing demand and job search characteristics are significant determinants of the decision to migrate and that both equilibrium and disequilibrium forces induce migration and job change. In addition, "the data do not appear to...

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...