system GMM
Spatial Dynamic Panel Model and System GMM: A Monte Carlo Investigation
... overall, system-GMM is charac- terized by greater unbiasness than the other ...While system- GMM tends to overestimate the time lag coe¢cient to a smaller extent, the remaining estimators ...
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The Shadow Economy and Globalization: A Comparison Between Difference GMM and System GMM Approaches
... Due to estimations, the shadow economy constitutes an average of 28.3% of GDP in developing economies, 41.1% of GDP in transition economies (Eastern Europe and Central Asian countries) and 19.4% of the GDP in OECD ١ ...
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Does institutional quality drive innovation? Evidence from system GMM estimates
... In this study, the influence of institutional quality on innovation in 23 developing countries of 1997-2014 period was investigated by system-GMM method. The results of the analysis show that the ...
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Why has Growth slowed in Sub Saharan Africa: A System GMM IV Approach
... and system IV-GMM es- timation (columns 3 and 4). In the system IV-GMM, we found that all variables are significantly important for growth, including openness, com- pared to the level ...
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Remittance inflows and economic growth: the case of developing countries
... panel GMM-sometimes referred to as System GMM-, thus, uses the moment conditions in ...panel GMM rests on the validity of the instruments and the assumption that the error terms do not exhibit ...
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Revisiting the Innovation-export Nexus using Industry-level Data: Evidence from China’s Large- and Medium-sized Industrial Enterprises
... apply system-GMM panel estimator as proposed by Arellano and Bover (1995) and Blundell and Bond ...(1998). System-GMM is robust to several measurement ...
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The determinants of intra industry trade in the tourism services
... using GMM System estimator proposed by Arellano and Bover, (1995) and Blundell and Bond, (1998, ...estimator GMM system (GMM SYS) permits the researchers to solve the problems of serial ...
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Internal Migration and Income Inequality in China: Evidence from Village Panel Data
... the system GMM to control the lagged income inequality in estimating the effect of emigration on income inequality in the sending ...the GMM framework because of the unobserved time-varying community ...
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Trade Openness and Economic Growth: A Causality Test in Panel Perspective
... Overall, the diagnostic test results in Tables 1 and Table 2 propose that the test of first- and second-request autocorrelation of the residual reported the standard ordinary distribution estimations of AR (1) and AR ...
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The Effect of FDI on the Relationship between Fiscal Decentralisation and Economic Growth in Vietnam: Empirical Evidence from Provincial Data
... On the other hand, most researchers use two measures of fiscal decentraliza- tion, revenue decentralization and expenditure decentralization, in their papers. [9] [20] both show the positive impact of revenue ...
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The Role of Immovable Property Taxes in the EU Countries – Taxes on Land, Buildings and Other Structure in Sub‑national Tax Revenues under the Conditions of Tax Decentralization
... The general dynamic linear panel data model follows the equation given in many handbooks or papers focusing on econometrics as Greene (2011, p. 384) or Roodman (2009, p.100). For this paper purpose four GMM – ...
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Alternative GMM Estimators for First order Autoregressive Panel Model: An Improving Efficiency Approach
... new GMM estimators. Since OLEV is the optimal estimator for level GMM estimation, according to Youssef et ...in system GMM estimation, Windmeijer (2000) showed that the optimal weighting ...
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Spoken Language Identification System using MFCC Features and Gaussian Mixture Model for Tamil and Telugu Languages
... Identification System uses the acoustic feature to discriminate between languages, since it represents the speech sound and plays a vital role in forming the linguistic ...
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Automatic Accent Recognition Systems and the Effects of Data on Performance
... of system seems to work well for this particular task, it is expected that this phonotactic encoding has little to offer a task where the accents have a heightened level of similarity between ...
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Back-and-Forth Methodology for Objective Voice Quality Assessment: From/to Expert Knowledge to/from Automatic Classification of Dysphonia
... classification system reported previously, from the subbands to the phonetic analysis, tends to underline the relevancy of the unvoiced consonant in the discrimination of the GRBAS grades of ...
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Biometric Authentication and Identification using Behavioral Biometrics Technique of Signature Verification
... Similarly, Luiz G. Hafemann et al. (2017) [13] gives us the analyses done in the arena of signature verification both online and offline. Various techniques are also explored which are needed to verify user identity. ...
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GMM estimation of spatial panels
... We have introduced new moments in a GMM estimation of a spatial regression model. Given that when = 0 some of the suggested moments are redundant, we have proposed to use only a subset of the moments in the ...
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Portuguese Tourism Demand: A Dynamic Panel Data Analysis
... The GMM-system estimator demonstrated that lagged dependent variable (tourism demand), income per capita, bilateral trade and population presented a positive sign, showing the significance of the tourism ...
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GMM Estimation with Noncausal Instruments
... construction and, therefore, valid instruments. However, if the variable whose lags are used as instruments, is generated by a noncausal AR process, its lags may be endogenous and, hence, unsuitable as instruments, ...
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Foreign Currency Exchange Rate Prediction using Neuro Fuzzy Systems
... neuro-fuzzy system for streaming data (Angelov, Gu, & Principe, 2017b), which can self- organize and self-evolve its multi-model architecture in a non-parametric, non-iterative, online ...neuro-fuzzy ...
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