Evaluating the Markov Property in Studies of Economic Convergence

Bickenbach, Frank; Bode, Eckhardt

doi:10.1177/0160017603253789

“…However, as mentioned in Bickenbach and Bode (2001), this property often turns out to be a too-restrictive assumption, which is hardly fulfilled by the actual data-generating processes. Moreover, the respective χ 2 -based parametric tests for the validity of the assumption of time-homogeneity may turn out to have very poor small sample properties (Bickenbach and Bode 2003). Thus, it is not surprising that, in such a case, more and more researchers are deciding to drop the extremely restrictive assumption of time-homogeneity and follow alternative research scenarios.…”

Section: Figmentioning

confidence: 99%

Regional patterns in technological progress of Poland: the role of EU structural funds

Gurgul

¹

2018

Cent Eur J Oper Res

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To the best of our knowledge, this paper is one of the first studies to analyze the evolution and determinants of regional patterns in the technological progress of one of the new EU members in transition-Poland. The results of the first part of the study prove that, after EU accession, the central region was the only part of Poland that not only reported a rapid rise in labor productivity but also managed to constantly increase its capital productivity. In the second part of the empirical analysis, we conduct a formal econometric analysis aimed at testing whether these differences in regional patterns in the technological progress of Poland could be caused by the inflow of EU structural funds.

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“…Thus, since the elements on the diagonal have values above 0.2, the results show a moderate persistence of prots. However, we nd a stronger persistence in the low and high prot classes, where the transition probability is around 0.4 (Bickenbach and Bode 2003).…”

Section: Datamentioning

confidence: 58%

“…Taking into account the structure of our data, it is reasonable to dene ve, equally sized groups so as to meet the requirements of the Markov process: (1) the least protable rms; (2) low protable rms; (3) protable rms; (4) high protable rms; and (5) the most protable rms. Accordingly, the rst and second groups comprise companies with low 10 A similar technique is developed in Quah (1996), Bickenbach and Bode (2003), Ces (2003) and Geppert and Stephan (2008). prot rates, while the fourth and the fth classes are rms that have above-average prot.…”

Section: Datamentioning

confidence: 99%

Persistence and Determinants of Firm Profit in Emerging Markets

Stephan¹,

Tsapin²

2008

Applied Economics Quarterly

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in AbstractThe paper studies the persistence of prot and its determinants in emerging markets. We apply Markov chain analysis, dynamic panel GMM estimation, and quantile regression techniques to a panel of approximately 3,000 Ukrainian companies.The empirical results show a moderate level of prot persistence, as well as a relatively low speed of adjustment to the steady-state prot level, thus providing no support for the hypothesis that there is a lower persistence of prots in emerging markets due to more intense competition. Regarding the determinants of rm prot in an emerging market economy, the ndings from alternative methods reveal that ownership structure and regional location of the rm have a signicant impact.

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“…. , M z , with entries m ij (t), a simple χ 2 -distributed test criterion for the feasibility of pooling data is given by (Bickenbach and Bode, 2003;Billingsley, 1961) …”

Section: The Projection Modelmentioning

confidence: 99%

The Demographic Dilemma: Fertility, Female Labor Force Participation and Future Growth in Germany 2007-2060

Dudel

¹

2009

SSRN Journal

1

0

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in SOEPpapers on Multidisciplinary Panel Data Research at DIW BerlinThis series presents research findings based either directly on data from the German SocioEconomic Panel Study (SOEP) or using SOEP data as part of an internationally comparable data set (e.g. CNEF, ECHP, LIS, LWS, CHER/PACO). SOEP is a truly multidisciplinary household panel study covering a wide range of social and behavioral sciences: economics, sociology, psychology, survey methodology, econometrics and applied statistics, educational science, political science, public health, behavioral genetics, demography, geography, and sport science.The decision to publish a submission in SOEPpapers is made by a board of editors chosen by the DIW Berlin to represent the wide range of disciplines covered by SOEP. There is no external referee process and papers are either accepted or rejected without revision. Papers appear in this series as works in progress and may also appear elsewhere. They often represent preliminary studies and are circulated to encourage discussion. Citation of such a paper should account for its provisional character. A revised version may be requested from the author directly. Christian Dudel * January 2009Abstract The aim of this paper is to show possible consequences of changes in labor force participation of women and the connection between fertility and labor force participation on the future demographic and economic development in Germany. For this purpose a projection model based on micro-data covering the population development as well as the development of the labor force is computed for different scenarios, varying in the extent of changes in female participation rates. The results point to a sharp decline in size of the total population and labor force as well as on negative effects of demographic development on growth, mediated through incompatibility of fertility and participation. It is argued that this incompatibility leads to a demographic dilemma, imposing negative effects on growth either in short or in long term.Keywords: Demographic forecast, labor supply, fertility, economic growth JEL Classification: J11, J21, O40 * Ruhr-Universität Bochum, e-mail: christian.dudel@rub.de. I would like to thank Jörg Althammer, Kevin Folger, Sebastian Jeworutzki, Katharina Lerch, Dominik Libuda, Patrick Neuhaus, Ulrich Pötter and Götz Rohwer for helpful comments and suggestions. All errors remain mine.

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Evaluating the Markov Property in Studies of Economic Convergence

Cited by 123 publications

References 37 publications

Regional patterns in technological progress of Poland: the role of EU structural funds

Regional patterns in technological progress of Poland: the role of EU structural funds

Persistence and Determinants of Firm Profit in Emerging Markets

The Demographic Dilemma: Fertility, Female Labor Force Participation and Future Growth in Germany 2007-2060

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