Dynamic Panel Data model

Our research aims to determine the effect of electricity distribution and energy consumption on industrial development dynamics that occur between regions in Indonesia by adding investment and inflation as control variables. The analysis tools that we use are static (Fixed Effect) and dynamic (GMM) panel data model with a dataset of 34 provinces for the 2012-2019 period.

6p caygaocaolon11 18-04-2021 28 1   Download

The main purpose of this study is to determine whether renewable energy consumption has a positive effect on economic growth for selected developing countries (Brazil, India, Indonesia, China, Chile, Mexico, South Africa and Turkey). Fossil energy consumption and CO2 emissions variables are also included in the model established for this purpose. GMM estimator, one of the dynamic panel data methods, was used for empirical analysis of the relationship between these variables.

7p nguaconbaynhay10 22-02-2021 14 2   Download

This paper investigates the effect of investments in subsidiaries, joint ventures and affiliates (affiliate investment) on firm growth. Using both static and dynamic panel data models with a sample dataset of 2,056 firm-year observations on Vietnam’s stock market from 2008-2015, the study finds that increasing affiliate investment in prior periods had a significantly positive impact on asset growth and net income growth (but not sales growth) of the firms in subsequent periods.

14p kelseynguyen 26-05-2020 44 1   Download

This paper examines the impact of financial constraints on the development of Vietnamese firms driven by Total Factor Productivity (TFP) growth at the firm level. The effects of financial constraints by FCIf index on TFP growth of 97,860 firms are estimated by applying Dynamic Panel Data model over the period 2012-2017.

10p tozontozon 25-04-2020 12 2   Download

This paper adopts a panel error-correction model to explore dynamic impact of manager’s shareholding on bank efficiencies by utilizing the pooled mean group. The sample comprises unbalanced panel data of 30 Taiwanese listed domestic commercial banks over the period 1998 to 2009. Empirical results show divergence of long- and short-run effects of manager’s shareholding on bank efficiencies. The effect of manager’s shareholding exerts a significantly positive effect on technical efficiency in the long run while coexisting with a negative short-run relationship.

11p cothumenhmong4 24-03-2020 25 1   Download

The objectives of this paper are, first, to estimate the long-run cost of equity capital for the banking sector using data from the Eurozone, US, UK, Sweden and Switzerland for the period 1999-2014. Our inference differs from that of previous studies because we employ a dynamic panel GMM model with a fixed effect and a multi-factor asset pricing framework to explain the variation of the cost of equity capital across banks in terms of risk-factors including, bank size, leverage, business cycle and regulations.

28p trinhthamhodang2 21-01-2020 34 2   Download

This paper aims to calculate individual bank efficiency based on cross-sectional study data and output-oriented super-efficiency data envelopment analysis model of a slack variable. Then, the panel data model is used to analyze the dynamic efficiency and continuity of the operating performance and to assess the deferred effects of Taiwan’s banks as a whole and individually. The empirical result shows that all efficiency values have intertemporal or multistage deferred dynamic sustainability. With a mean value of continuity of all efficiency values of up to 89.

17p trinhthamhodang2 21-01-2020 29 1   Download

Inspired from a simple theoretical macroeconomic model, proposed by Ozkan et al. (2010), which shows a positive link between public debt issues and central bank independence, we empirically investigate if central bank independence has an impact on the net stock of government securities and public debt. Our research has been focused on various levels of independence of the central bank of 22 countries from 1992 to 2000, where significant changes in the index of independence for a large number of central banks have been occurred.

15p trinhthamhodang2 21-01-2020 40 0   Download

This paper develops a new network data envelopment analysis (DEA) model that simultaneously integrates the non-convex metafrontier and undesirable outputs and which is super efficient at performing dynamic network slacks-based measures. The model is employed to discuss the efficiency of 36 commercial banks in China during the years 2010–2014. The efficiency of these banks shows significant heterogeneity and the efficiency of most foreign banks has much room for improvement.

25p chauchaungayxua2 04-01-2020 16 1   Download

In this paper we use a dynamic panel data model (system GMM estimator) to analyze bank-specific and macroeconomic determinants of bank risk as measured by the Z-score of 70 listed commercial banks operating in six Southeast Asian countries over the period from 2005 to 2013.

17p danhnguyentuongvi27 18-12-2018 34 1   Download

This paper employs dynamic panel data to assess the effects of bankspecific factors on nonperforming loans (NPLs) of Vietnam’s commercial banks between 2004 and 2014. Using two-step GMM estimator besides other macro variables, we find that the nonperforming loans are affected by various factors, including management quality and moral hazard along with their negative impacts.

18p danhnguyentuongvi27 18-12-2018 45 2   Download

Determinants of firm growth in the Vietnamese commercial-service sector. Employing the dynamic panel model, this study tests the validity of Gibrat ’s law and investigates determinants of firm growth in Vietnam. The empirical study is setup for both simple and multiple regressions with the data of the commercial-service sector.

21p tranminhluanluan 28-05-2018 43 2   Download

To estimate equation (5) we have to take into account the potential endogeneity of financial performance and board appointment decisions. Furthermore, including the lagged dependent variable as an independent variable makes the fixed effects estimator not only biased, but also inconsistent. To overcome this problem an instrumental variables (IV) estimator could be used. However, appropriate governance instruments are not easy to find.

44p thamgiacongdong 02-05-2013 68 10   Download

The Baby Boomer generation is substantially different from earlier generations and policies need to account for those differences. They will remain active and independent longer than previous generations; as a group, they have sufficient wealth to manage retirement as no previous generation has; and they are going to challenge how the elderly are treated and what should be considered acceptable. Understanding the scope of the challenge is one of the first steps. The research summarized in this report begins to address this need.

50p ut_hai_can 26-12-2012 67 6   Download

We use a large panel of tax returns covering the years 1987 to 1996. 4 The panel is based on the IRS’s annual cross-sectional samples of tax returns, which are large samples chosen to represent the population of tax-return filers. The population of tax filers is similar to the population of households, except that a household may comprise more than one tax-filing unit (e.g., married cou- ples may file separately), and some households do not file any tax returns.

6p quaivattim 04-12-2012 35 1   Download