| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/t0048 |
| 来源ID | Technical Working Paper 0048 |
| Implementing Causality Tests with Panel Data, with an Example from LocalPublic Finance | |
| Douglas Holtz-Eakin; Whitney K. Newey; Harvey S. Rosen | |
| 发表日期 | 1989-03-01 |
| 出版年 | 1989 |
| 语种 | 英语 |
| 摘要 | This paper considers estimation and testing of vector autoregression coefficients in panel data, and applies the techniques to analyze the dynamic properties of revenues, expenditures, and grants in a sample of United States municipalities. The model allows for nonstationary individual effects, and is estimated by applying instrumental variables to the quasi-differenced autoregressive equations Q Particular attention is paid to specifying lag lengths and forming convenient test statistics. The empirical results suggest that intertemporal linkages are important to the understanding of state and local behavior. Such linkages are ignored in conventional cross sectional regressions. Also, we present evidence that past grant revenues help to predict current expenditures, but that past expenditures do not help to predict current revenues. |
| 主题 | Macroeconomics ; Econometrics |
| URL | https://www.nber.org/papers/t0048 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/560137 |
| 推荐引用方式 GB/T 7714 | Douglas Holtz-Eakin,Whitney K. Newey,Harvey S. Rosen. Implementing Causality Tests with Panel Data, with an Example from LocalPublic Finance. 1989. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| t0048.pdf（1402KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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