scholarly journals Fixed effect estimation of large T panel data models

2017 ◽  
Author(s):  
Martin Weidner ◽  
Ivan Fernandez-Val
Keyword(s):  
Panel Data ◽  
Data Models ◽  
Fixed Effect ◽  
Panel Data Models ◽  
Effect Estimation

The impact of institutions on economic growth in selected developing countries: An analysis based on Bayesian panel estimation

2020 ◽  
Vol 4 (4) ◽  
pp. 251-272
Author(s):  
Qasim Shah ◽  
Seema Zubair ◽  
Sundus Hussain
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Panel Data ◽  
Fixed Effect Model ◽  
Data Models ◽  
Fixed Effect ◽  
Estimation Methods ◽  
Panel Data Models ◽  
Effect Model ◽  
The Impact

This paper presents an empirical analysis of the impact of institutions on the economic growth of 27 developing countries during the period 1990-2014. Many creative models of panel data allow variations in slope coefficients both across time and cross-sectional units. All models were established in a Bayesian structure and their performance was tested by using an interesting application of the effect of institution on GDP. Technical details of all these models are given and tools are presented to compare their performance in the Bayesian system. Besides, panel data models and posterior model pools are provided for an insight into the institution's relationship with economic development. The derivation of Bayesian panel data models is included. The previous data has been used in this study and normal gamma prior is used for the models of panel data. 2SLS estimation technique has been used to analyze the classical estimation of panel data models. In the paper, developing countries were viewed as a whole. The study's evaluated results have shown that panel data models are valid Bayesian methodology models. In the Bayesian approach, the results of all independent variables affect the dependent variable significantly and positively. Based on all model standard defects, it is necessary to say that the Fixed Effect Model is the best in Bayesian panel data estimation methods. It was also shown that in comparison to other models, the fixed-effect model has the lowest standard error value.

NONLINEAR PANEL DATA MODELS WITH DISTRIBUTION-FREE CORRELATED RANDOM EFFECTS

2021 ◽  
pp. 1-25
Author(s):  
Yu-Chin Hsu ◽  
Ji-Liang Shiu
Keyword(s):  
Panel Data ◽  
Data Model ◽  
Conditional Distribution ◽  
Unobserved Heterogeneity ◽  
Random Effect ◽  
Data Models ◽  
Panel Data Model ◽  
Panel Data Models ◽  
Likelihood Functions ◽  
Correlated Random Effects

Under a Mundlak-type correlated random effect (CRE) specification, we first show that the average likelihood of a parametric nonlinear panel data model is the convolution of the conditional distribution of the model and the distribution of the unobserved heterogeneity. Hence, the distribution of the unobserved heterogeneity can be recovered by means of a Fourier transformation without imposing a distributional assumption on the CRE specification. We subsequently construct a semiparametric family of average likelihood functions of observables by combining the conditional distribution of the model and the recovered distribution of the unobserved heterogeneity, and show that the parameters in the nonlinear panel data model and in the CRE specification are identifiable. Based on the identification result, we propose a sieve maximum likelihood estimator. Compared with the conventional parametric CRE approaches, the advantage of our method is that it is not subject to misspecification on the distribution of the CRE. Furthermore, we show that the average partial effects are identifiable and extend our results to dynamic nonlinear panel data models.

scholarly journals Spatiotemporal Econometrics Models for Old Age Mortality in Europe

Mathematics ◽  
2021 ◽  
Vol 9 (9) ◽  
pp. 1061
Author(s):  
Patricia Carracedo ◽  
Ana Debón
Keyword(s):  
Panel Data ◽  
Goodness Of Fit ◽  
Population Aging ◽  
European Population ◽  
Data Models ◽  
European Countries ◽  
Mortality Data ◽  
Panel Data Models ◽  
Estimation Of Parameters ◽  
Advantages And Disadvantages

In the past decade, panel data models using time-series observations of several geographical units have become popular due to the availability of software able to implement them. The aim of this study is an updated comparison of estimation techniques between the implementations of spatiotemporal panel data models across MATLAB and R softwares in order to fit real mortality data. The case study used concerns the male and female mortality of the aged population of European countries. Mortality is quantified with the Comparative Mortality Figure, which is the most suitable statistic for comparing mortality by sex over space when detailed specific mortality is available for each studied population. The spatial dependence between the 26 European countries and their neighbors during 1995–2012 was confirmed through the Global Moran Index and the spatiotemporal panel data models. For this reason, it can be said that mortality in European population aging not only depends on differences in the health systems, which are subject to national discretion but also on supra-national developments. Finally, we conclude that although both programs seem similar, there are some differences in the estimation of parameters and goodness of fit measures being more reliable MATLAB. These differences have been justified by detailing the advantages and disadvantages of using each of them.

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