Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 19 of 19 for “"GMM estimator"”.
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Fiscal Competition Among Jurisdictions: Evidence and Methodology
The proposed GMM versions of the Wald, the Likelihood ratio and the Lagrange multiplier test statistics for spatial lag dependence are based on the GMM estimator suggested by Kelejian and Robinson (1993), and on the work of Newey and West (1987). The tests are asymptotically distributed as …
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The impact of capital flows on exchange rates: Evidence from Sub-Saharan Africa
… using the system-generalised method-of-moments (GMM) estimator and panel data of 45 countries from 1990 to 2019. The study is particularly important considering the wave of reforms in the 1980s, advocated for by the International Monetary Fund (IMF), which led to a substantial increase in capital …
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Essays On Spatial Econometrics: Estimation Methods And Applications
… We first prove that the maximum likelihood estimator (MLE) is generally inconsistent when heteroskedasticity is not taken into account in the estimation. We show that the necessary condition for consistency of the MLE depends on the specification of the spatial weight matrices. Then, we …
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Essays in Financial Development and Income Inequality
… based on Generalized Method of Moments (GMM) method using a Chinese provincial dataset between 1998 and 2014. The empirical findings support the notion that well-developed financial markets increase income inequality in China. After adding a year dummy for 2001 to examine the impact of …
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Tournaments in the public sector
… and endogeneity problems using appropriate GMM techniques. This enable us to pondered the possible inertia for time adjustments within tax agency, possibly in determining strategies to improve the tax agency performance on the sources most valuable for collection, which supports the …
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FOREIGN AID FOR TRADE POLICY REFORMS
… 1995 to 2009 which we estimate using the system GMM estimator. We find evidence of a negative relationship between trade liberalization and foreign aid. Our results suggest that foreign aid spurs economic growth.
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Three essays in corporate finance
… Moreover, even a high-order moment-based GMM estimator cannot address the bias if the measurement error is not independent of q (a non-classical error). Chapter 5 summarizes the main findings and concludes the thesis.
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Three Essays On Firm Liquidity Management
… dynamic panel generalized method of moments (GMM) estimator. Our results indicate that illiquidity is associated with higher costs of financing, increased financial distress, and decreased competitive advantage. In Part 2, we examine the extent that firms utilize lines of credit to fund cash …
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Inward foreign direct investment and productivity: evidence from Vietnamese microdata
… function and a Generalized Method of Moments (GMM) estimator that takes account of firm-specific fixed effects, endogeneity, and simultaneity, we report that, overall, the share of foreign capital in firm equity has a positive but small direct effect on firm productivity. However, the overall …
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High-dimensional econometrics and model selection
… problem: in Generalized Method of Moments (GMM), when the number of moment conditions is comparable to or larger than the sample size, the traditional methods lead to biased estimators. We propose a LASSO based selection procedure in order to choose the informative moments and then, using …
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Model selection for correlated data and moment selection from high-dimensional moment conditions
… disease data. The generalized method of moments (GMM) approach combines moment conditions optimally to obtain efficient estimation without specifying the full likelihood function. However, the GMM estimator could be infeasible when the number of moment conditions exceeds the sample size. This …
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Is Sub-Saharan Africa likely to yield demographic dividends in the 21st century?
… difference Generalised Method of Moments (GMM) were used to predict the relationship amongst the dependent and independent variables. The main findings of the study using PMG estimation are that: (i) there is a negative statistically significant relationship amongst working age population, …
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Essays On Robust Estimators For Non-Identically Distributed Observations In Spatial Econometric And Time Series Models
… robust generalized method of moments estimator (RGMME) for the spatial models that allow for spatial dependence in both the dependent variable and the disturbance term (SARAR(1,1)). First, we show that the maximum likelihood estimator (MLE) is generally inconsistent in the presence of …
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Foreign Direct Investment in Sub-Sahara Africa.
… employs pooled OLS, fixed and random effects estimators, and the system-GMM on data sourced from World Development Indicators (WDI). The findings of the study reveal that GDP growth rate, internet subscription, foreign exchange, human capital development, trade openness and government …
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Growth, Poverty, and Capital Structure Effects of Financial Development
… the period 2002-2011, we find with the system GMM estimator that microfinance loans do exhibit strong growth effect. As for bank loans, there is no strong evidence of growth effect. However, the analysis from the investment perspective tells quite the opposite story: Bank loans do have …
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Essays on the economics of local labor markets
… model using a nonlinear, simultaneous equations GMM estimator suggest that (1) the asymmetric population response is primarily accounted for by an asymmetric housing supply curve, (2) the differential migration response by skill is primarily accounted for by transfer payments, and (3) estimated …
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National governance, corporate governance and firm performance : empirical evidence from two MENA countries ‒ Jordan and UAE
… Dynamic System Generalised Method of Moments (GMM) estimator to examine this relationship over a seven-year period from 2008 to 2014. The empirical analyses include three studies. The first study examines the effect of firm-level corporate governance variables (e.g., ownership and board of …
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Corporate Governance and Performance of Microfinance Institutions (MFIs): A Comparative Study in Sri Lanka and India
… and system generalised method of moment (GMM) estimator approaches are used to answer the research questions. In Sri Lanka, female CEO, female chair, larger boards, client representatives on board and internal audit function improve the financial performance of MFIs. When there are more …