Bias-corrected method of moments estimators for dynamic panel data models

Breitung, Jörg; Kripfganz, Sebastian; Hayakawa, Kazuhiko

doi:10.1016/j.ecosta.2021.07.001

Cited by 43 publications

(50 citation statements)

References 28 publications

(41 reference statements)

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“…In light of this, Breitung et al (2022) propose a bias-corrected estimator obtained as a method of moments estimator. This estimator does not require specific assumptions about the initial values of the dynamic process, nor must the researcher choose a preliminary estimator.…”

Section: Methodsmentioning

confidence: 99%

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The Influence of Politicians’ Sex on Political Budget Cycles: An Empirical Analysis of Spanish Municipalities

García

Hayo

2022

SSRN Journal

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Section: Methodsmentioning

confidence: 99%

“…We employ the bias-corrected fixed effect estimator proposed byBreitung et al (2022). Cluster-robust standard errors are used (clusters: number of municipalities).…”

mentioning

confidence: 99%

The Influence of Politicians’ Sex on Political Budget Cycles: An Empirical Analysis of Spanish Municipalities

García

Hayo

2022

SSRN Journal

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“…The second merit of this technique is that formula of the asymptotic variancecovariance matrix for the calculation of standard errors is readily available, unlike the biascorrected estimator by Kiviet (1995) that depends on the command developed by Bruno (2005). In this study, the Kiviet bias-corrected method and the dynamic panel bias-corrected technique of Breitung et al (2021) were adopted to deal with the FE model's small sample bias and Nickell bias. Finally, this study employed the bootstrap-based bias correction for FE.…”

Section: Bepam 131mentioning

confidence: 99%

“…Even those studies that adopted panel data models, such asAlshubiri et al (2019), did not account for bias correction to FE. Conversely, bias correction methods have been applied, particularly the recent DPB correction technique introduced byBreitung et al (2021). A conclusion-based on the outputs of these techniques is made.…”

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confidence: 99%

Dynamics of PPP investment in energy and country governance: evidence from Sub-Saharan Africa

Ahmed

Musonda

Pretorius

2022

BEPAM

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PurposeThis paper intends to investigate the empirical link between governance and energy investment in PPP. To succinctly account for biases in the fixed effects (FE) model, the authors adopted different bias-corrected techniques. The majority of these techniques provided evidence that PPP investments in energy are boosted by increasing the desire for accountability, prioritising the voice of the masses and disabusing the rule of laws. This study could not find any positive influence from the control of corruption to PPP investment in energy.Design/methodology/approachThe acute shortage of power supply in SSA has attracted PPP investments in the energy subsector of the economy, leading to the recent debate on governance and public, private investment. The authors contributed to this argument by examining the impact of country governance on PPP investment in energy using a sample of countries in SSA.FindingsTherefore, the authors concluded that low control of corruption is responsible for the inadequate volume of PPP investments. In the light of this, the government should redefine the anti-corruption bill of their sovereignty to accommodate severe sanctions when necessary.Originality/valueThis paper uses the fixed effects (FE) model by introducing batteries of nonlinear panel models to capture the relationship between the impacts of country governance on PPP investment in energy.

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“…In each case, the estimator remains significant at least at the 10-percent level. Appendix B.2.2 applies the dynamic panel error correction model developed by Breitung et al (2021) to correct for the bias in this type of model (Nickell, 1981). Estimations follow from models controlling for either one lag (Columns B.2.2.1 to B.2.2.3) or two lags of the dependent variable (Columns B.2.2.4 to B.2.2.6) and alternately use the log transformation of the incidence of violence or its inverse hyperbolic sine transformation as the dependent variable.…”

Section: A Appendix -Parallel Trends: Additional Evidencementioning

confidence: 99%

Ballots Instead of Bullets? The Effect of the Voting Rights Act on Political Violence

Lacroix

2022

Journal of the European Economic Association

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The extension of voting rights epitomizes the construction of modern democracies. This paper empirically investigates the effect of such an enfranchisement on political violence in the context of the US Voting Rights Act (VRA) of 1965, which forbade discrimination in voting. The formula the VRA used to determine the counties it applied to generated both geographic and temporal local discontinuities in enfranchisement. This paper’s empirical strategy takes advantage of these features by comparing the evolution of political violence in geographically close covered and non-covered counties. Difference-in-differences estimates indicate that VRA coverage halved the incidence and the onset of political violence. Additional empirical evidence implies that voting became the new institutionalized way to state political preferences. Indeed, VRA coverage mostly decreased electoral and small-scale strategic violence. This result is not explained by disaggrievement. Extensions suggest that new strategies of political action may explain a decrease in violence after enfranchisement.

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Bias-corrected method of moments estimators for dynamic panel data models

Cited by 43 publications

References 28 publications

The Influence of Politicians’ Sex on Political Budget Cycles: An Empirical Analysis of Spanish Municipalities

The Influence of Politicians’ Sex on Political Budget Cycles: An Empirical Analysis of Spanish Municipalities

Dynamics of PPP investment in energy and country governance: evidence from Sub-Saharan Africa

Ballots Instead of Bullets? The Effect of the Voting Rights Act on Political Violence

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