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dc.creatorZincenko, Federico-
dc.creatorSosa Escudero, Walter-
dc.creatorMontes Rojas, Gabriel Victorio-
dc.date2018-06-29T14:05:28Z-
dc.date2018-06-29T14:05:28Z-
dc.date2014-12-
dc.date2018-06-26T13:37:57Z-
dc.date.accessioned2019-04-29T15:55:05Z-
dc.date.available2019-04-29T15:55:05Z-
dc.identifierZincenko, Federico; Sosa Escudero, Walter; Montes Rojas, Gabriel Victorio; Robust tests for time-invariant individual heterogeneity versus dynamic state dependence; Springer; Empirical Economics; 47; 4; 12-2014; 1365-1387-
dc.identifier0377-7332-
dc.identifierhttp://hdl.handle.net/11336/50585-
dc.identifier1435-8921-
dc.identifierCONICET Digital-
dc.identifierCONICET-
dc.identifier.urihttp://rodna.bn.gov.ar:8080/jspui/handle/bnmm/305291-
dc.descriptionWe derive tests for persistent effects in a general linear dynamic panel data context. Two sources of persistent behavior are considered: time-invariant unobserved factors (captured by an individual random effect) and dynamic persistence or “state dependence” (captured by autoregressive behavior). We will use a maximum likelihood framework to derive a family of tests that help researchers learn whether persistence is due to individual heterogeneity, dynamic effect, or both. The proposed tests have power only in the direction they are designed to perform, that is, they are locally robust to the presence of alternative sources of persistence, and consequently, are able to identify which source of persistence is active. A Monte Carlo experiment is implemented to explore the finite sample performance of the proposed procedures. The tests are applied to a panel data series of real GDP growth for the period 1960–2005.-
dc.descriptionFil: Zincenko, Federico. University of Pittsburgh; Estados Unidos-
dc.descriptionFil: Sosa Escudero, Walter. Universidad de San Andrés; Argentina. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina-
dc.descriptionFil: Montes Rojas, Gabriel Victorio. City University of London; Reino Unido. Universidad de San Andrés; Argentina. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina-
dc.formatapplication/pdf-
dc.formatapplication/pdf-
dc.formatapplication/pdf-
dc.languageeng-
dc.publisherSpringer-
dc.relationinfo:eu-repo/semantics/altIdentifier/doi/http://dx.doi.org/10.1007/s00181-013-0788-0-
dc.relationinfo:eu-repo/semantics/altIdentifier/url/https://link.springer.com/article/10.1007%2Fs00181-013-0788-0-
dc.rightsinfo:eu-repo/semantics/restrictedAccess-
dc.rightshttps://creativecommons.org/licenses/by-nc-sa/2.5/ar/-
dc.sourcereponame:CONICET Digital (CONICET)-
dc.sourceinstname:Consejo Nacional de Investigaciones Científicas y Técnicas-
dc.sourceinstacron:CONICET-
dc.subjectDYNAMIC PANEL-
dc.subjectLOCAL MISSPECIFICATION-
dc.subjectRANDOM EFFECTS-
dc.subjectTESTING-
dc.subjectOtras Economía y Negocios-
dc.subjectEconomía y Negocios-
dc.subjectCIENCIAS SOCIALES-
dc.titleRobust tests for time-invariant individual heterogeneity versus dynamic state dependence-
dc.typeinfo:eu-repo/semantics/article-
dc.typeinfo:eu-repo/semantics/publishedVersion-
dc.typeinfo:ar-repo/semantics/articulo-
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