| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP8056 |
| DP8056 Estimating Cross-Industry Cross-Country Models Using Benchmark Industry Characteristics | |
| Antonio Ciccone; Elias Papaioannou | |
| 发表日期 | 2010-10-23 |
| 出版年 | 2010 |
| 语种 | 英语 |
| 摘要 | International industry data permits testing whether the industry-specific impact of cross-country differences in institutions or policies is consistent with economic theory. Empirical implementation requires specifying the industry characteristics that determine impact strength. Most of the literature has been using US proxies of the relevant industry characteristics. We show that using industry characteristics in a benchmark country as a proxy of the relevant industry characteristics can result in an attenuation bias or an amplification bias. We also describe circumstances allowing for an alternative approach that yields consistent estimates. As an application, we reexamine the influential conjecture that financial development facilitates the reallocation of capital from declining to expanding industries. |
| 主题 | International Macroeconomics |
| 关键词 | Amplification bias Industry-country models |
| URL | https://cepr.org/publications/dp8056 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/536906 |
| 推荐引用方式 GB/T 7714 | Antonio Ciccone,Elias Papaioannou. DP8056 Estimating Cross-Industry Cross-Country Models Using Benchmark Industry Characteristics. 2010. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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