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Article Dans Une Revue Economics Bulletin Année : 2016

Arbitrary temporal heterogeneity in time of European countries panel model

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Roman Matkovskyy

Résumé

It considers a panel data model for 24 European countries with unobservable multiple interactive effects, which are correlated with the regressors. Grounded on properties of the traditional micro-economic theory of production, the arbitrary temporal heterogeneity in time with a factor structure is fit to the Cobb-Douglas stochastic distance frontier with multiple inputs/multiple outputs model and a semi-parametric approach is applied to parameters estimation. The results show that heterogeneity over time and across the European countries matters. The model distinguished 5 unobserved factors that influence the European industry production. The unobserved common factors have a cyclical behavior with the approximate length of 2 years.
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Dates et versions

hal-02010689 , version 1 (07-02-2019)

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  • HAL Id : hal-02010689 , version 1

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Roman Matkovskyy. Arbitrary temporal heterogeneity in time of European countries panel model. Economics Bulletin, 2016, 36 (1), pp.576-587. ⟨hal-02010689⟩
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