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Data Techniques (data + techniques)

Distribution by Scientific Domains
Business, Economics, Finance and Accounting75%

Kinds of Data Techniques

  • panel data techniques
    		•

    Selected Abstracts

    Exchange Rate Regimes and Reforms: A Panel Analysis for the World versus OECD Countries,

    INTERNATIONAL FINANCE, Issue 3 2006
    Ansgar Belke
    This paper examines the contemporaneous relationship between the exchange rate regime and structural economic reforms over a period of 30 years. Using panel data techniques, we look at both a broad ,world sample' and an OECD country sample. We investigate empirically whether structural reforms have complemented or substituted for monetary commitment in the attempt to improve macroeconomic performance. Our results suggest that, on average, an exchange rate rule positively correlates with the amount of overall structural reforms and of trade liberalization in particular. However, we do not find a significant and robust impact of exchange rate commitment on labour and product market reform. The results are similar for both the wider, more heterogeneous world sample and the panel of OECD economies. They contradict the hypothesis that exchange rate commitments may have slowed the pace of structural reform, but neither provides robust evidence that losing the possibility of an exchange rate adjustment promotes labour and product market reforms. [source]

    Which type of tourism matters to the regional economic growth?

    INTERNATIONAL JOURNAL OF TOURISM RESEARCH, Issue 2 2008
    Italy, The cases of Spain
    Abstract Recently, the attention given to the importance of tourism in economic growth has significantly increased. However, research in this area mainly refers to international tourism and to the national level. This paper focuses on the influence of tourism on the economic growth of Spanish and Italian regions. Both international and domestic tourism are analysed and geographical location criteria are considered. Dynamic panel data techniques are applied. The results reveal that both international and domestic tourism have a significant and positive role for regional economic growth in Spain and Italy, although the pattern of these effects differs among different types of region. Copyright © 2008 John Wiley & Sons, Ltd. [source]

    Experimental evidence on trading behavior, market efficiency and price formation in double auctions with unknown trading duration

    MANAGERIAL AND DECISION ECONOMICS, Issue 8 2005
    Darren Duxbury
    The reasons for the highly efficient market outcomes observed under the double auction remain unclear. This paper presents a series of experimental financial markets designed to investigate the importance of unknown trading period duration on trading behavior and the convergence tendencies of such markets. Using panel data techniques the results support the conclusions that individuals generally display more aggressive trading strategies, trading earlier in a period, and that markets exhibit reduced levels of informational efficiency when unknown duration is present. Markets with imperfect information structures are also studied and, in a unique result, are associated with significantly slower rates of trade, as traders become more cautious over their trading strategies. Investigation of the price formation process provides evidence that the pricing error varies over time and the estimation of a fixed effects model provides unique support that learning effects and unknown trading period duration influence the price formation process. Future refinement of theoretical models of the price formation process or institutions of exchange should recognize the effect of unknown trading period duration on market behavior, along with potential learning effects. Copyright © 2005 John Wiley & Sons, Ltd. [source]

    Human capital spillovers, productivity and regional convergence in Spain

    PAPERS IN REGIONAL SCIENCE, Issue 2 2010
    Raul Ramos
    Regional convergence; productivity; human capital composition; geographical spillovers Abstract This paper analyses the differential impact of human capital, in terms of different levels of schooling, on regional productivity and convergence. The potential existence of geographical spillovers of human capital is also considered by applying spatial panel data techniques. The empirical analysis of Spanish provinces between 1980 and 2007 confirms the positive impact of human capital on regional productivity and convergence, but reveals no evidence of any positive geographical spillovers of human capital. In fact, in some specifications the spatial lag presented by tertiary studies has a negative effect on the variables under consideration. Abstract Este artículo analiza el impacto diferencial del capital humano, en términos de niveles diferentes de escolaridad, sobre la productividad regional y la convergencia. Se tiene en cuenta también la existencia potencial de spillovers geográficos de capital humano, mediante la aplicación de técnicas de datos de panel espaciales. El análisis empírico de las provincias españolas entre 1980 y 2007 confirma el impacto positivo del capital humano en la productividad regional y la convergencia, pero muestra una falta de pruebas de la existencia de cualquier tipo de spillover geográfico de capital humano. De hecho, el intervalo espacial que presentan los estudios de tercer grado tiene en ciertas especificaciones un efecto negativo en las variables consideradas. [source]