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Bias Correction in the Dynamic Panel Data Model with a Nonscalar Disturbance Covariance Matrix 总被引:1,自引:0,他引:1
Maurice J. G. Bun 《Econometric Reviews》2003,22(1):29-58
Approximation formulae are developed for the bias of ordinary and generalized Least Squares Dummy Variable (LSDV) estimators in dynamic panel data models. Results from Kiviet [Kiviet, J. F. (1995), on bias, inconsistency, and efficiency of various estimators in dynamic panel data models, J. Econometrics68:53-78; Kiviet, J. F. (1999), Expectations of expansions for estimators in a dynamic panel data model: some results for weakly exogenous regressors, In: Hsiao, C., Lahiri, K., Lee, L-F., Pesaran, M. H., eds., Analysis of Panels and Limited Dependent Variables, Cambridge: Cambridge University Press, pp. 199-225] are extended to higher-order dynamic panel data models with general covariance structure. The focus is on estimation of both short- and long-run coefficients. The results show that proper modelling of the disturbance covariance structure is indispensable. The bias approximations are used to construct bias corrected estimators which are then applied to quarterly data from 14 European Union countries. Money demand functions for M1, M2 and M3 are estimated for the EU area as a whole for the period 1991: I-1995: IV. Significant spillovers between countries are found reflecting the dependence of domestic money demand on foreign developments. The empirical results show that in general plausible long-run effects are obtained by the bias corrected estimators. Moreover, finite sample bias, although of moderate magnitude, is present underlining the importance of more refined estimation techniques. Also the efficiency gains by exploiting the heteroscedasticity and cross-correlation patterns between countries are sometimes considerable. 相似文献
2.
US theoretical models of assimilation of ethnic groups within a larger culture usually assume a unilinear, unidimensional process, which is simplistic, does not account for the persistence of ethnicity, and oversimplifies the process of social change. The argument is advanced that ethnic identity is both primordial and situational (a private sense that is self-maintaining, cumulative, deepening, and self-affirming). Typically, a person has one primary ethnic identity, but where ethnic boundaries overlap, there is instrumental identity. Chinese in Thailand mostly adopt Thai values, speak the Thai language, go to Thai schools, join Thai associations, and celebrate Thai religious festivals. Their secondary identity as Chinese is integrated into their associations with other Chinese and in the home through the use of the Chinese language. Their Chinese identity appears also in ancestor worship. There are symbiotic relationships between native Thais and Chinese Thais along class lines. The Chinese are known to have great financial and economic resources, while the Thais have political and administrative control. These differences with the power elites separate the Chinese from the Thais and interfere with assimilation. The power is balanced. If the Chinese gained in political and administrative power, the balance would be upset, and the interests of both groups would be threatened. The view of Whitten and Whitten acknowledges that individuals and groups act to make the best of the situation and are not merely victims of social forces. Actions are maintained and resisted. The important consideration in theory-building is not the terms of assimilation but the terms specifying the conduct of the group as a whole and as individuals in daily social interactions. The theoretical discussion focuses on border crossings, the Skinner view of the Chinese, bilingualism and cultural education, socioeconomic organizations, occupational differences, and religion, tradition, and ethnic identification. 相似文献
3.
We analyze a class of linear regression models including interactions of endogenous regressors and exogenous covariates. We show how to generate instrumental variables using the nonlinear functional form of the structural equation when traditional excluded instruments are unknown. We propose to use these instruments with identification robust IV inference. We furthermore show that, whenever functional form identification is not valid, the ordinary least squares (OLS) estimator of the coefficient of the interaction term is consistent and standard OLS inference applies. Using our alternative empirical methods we confirm recent empirical findings on the nonlinear causal relation between financial development and economic growth. 相似文献
4.
Ku Hok Bun 《Asian Ethnicity》2006,7(3):285-302
Underneath a veneer of racial harmony and acceptance, racial discrimination is widespread at many different levels of life in Hong Kong, the so-called ‘global city’. For decades, some minority communities have lived with subtle but institutionalized and cultural discrimination permeating their existence. In recent years, social exclusion has been one of the important themes in policy debates in Hong Kong. It is increasingly recognized that there is a close relation between ‘ethnicity’ and ‘social exclusion’. According to our research on the life situation of the South Asian minority in Hong Kong, experiences of exclusion are common. This paper focuses on investigating dress as a form of cultural exclusion among Pakistani women in Hong Kong and how mainstream society constrains the bodies of its members through dress. 相似文献
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The influence of rural-urban migration on migrants' fertility in Korea,Mexico and Cameroon 总被引:1,自引:0,他引:1
The paper presents a comparative analysis of the relationship between rural-urban migration and fertility in Korea, Mexico, and Cameroon. Using an autoregressive model, the results show a significant rural-urban migration adaptation effect in Korea and Mexico, a reduction of 2.57 and 1.45 children during the entire childbearing period, respectively, when compared to a rural stayer, even after the effect of selection has been controlled. Rural-urban migration has a very small impact on fertility in Cameroon. The unexpected result for Cameroon is due to the fact that the fertility-increasing effect of urban residency on the improved supply conditions of births, such as reduced infertility, offsets the fertility-depressing effect of urban residency on the demand for births. As a result of the adaptation to urban fertility norms, the number of country-wide births was reduced significantly in Mexico and Korea over the time periods studied. 相似文献
7.
古学斌 《中国农业大学学报(社会科学版)》2017,34(3):67-78
本文从中国社会工作教育面对的困境作为背景,再一次梳理社会工作专业的本质,认清社会工作专业作为道德和政治实践的面向。本文进一步简单介绍社会工作研究发展的历史,指出其知识生产与其他社会科学差异之处,以及实证主义研究的问题。最后,本文讨论行动研究与社会工作实践的关系,从而认为行动研究是最具有社会工作性格的研究范式。 相似文献
8.
This paper contains our reflections about our experiences in employing a capacity building model for training social workers to conduct community development work in rural China. Unlike the conventional approach to social work practicum, our approach advocates an educational practice of capacity building; not only for local people and learners, but for educators as well. It stresses that the educator should assume a non‐expert role in relating to his/her students so that the students will do the same with local people. We challenge the concept of the social work educator as an expert because it gives a teacher the power and authority to dominate students, which disempowers students during the learning process. In the same vein, we challenge the desire of social work students to become experts in rural development, which in turn disempowers local people from taking charge of the future direction of their lives in rural China. The capacity building approach subscribes to a critical pedagogy that calls for a re‐invention of self by challenging tradition and culture, and by developing academic knowledge, the habit of inquiry and critical curiosity about society, power, inequality, and social change. 相似文献
9.
Fertility adaptation of rural-to-urban migrant women: A method of estimation applled to Korean women
This study proposes to test for the existence of an adaptation effect of rural-to-urban migration. The design is to divide migrants into two groups at the time of observation: one group which had migrated by that time, and another group consisting of individuals who had not yet migrated but are known to migrate later. It is presumed that if the former group had not migrated it would have had a birth path similar to the latter group. Adaptation is measured by the difference between this hypothetical birth path and the actual birth path of migrants observed after they migrate. The model is tested on Korean women and found to support the existence of an adaptation effect. 相似文献
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