Panel Data 2009

Friday, July 03:

17:00	-	19:00		Registration
18:30	-	22:00		WELCOME RECEPTION

Saturday, July 04:

08:30	-	09:00		Registration
09:00	-	10:10		Welcome Address and INVITED TALK Jeffrey Wooldridge (Michigan State University) "Nonlinear Correlated Random Effects Models with Unbalanced Panels"
10:10	-	10:40		Coffee Break
10:40	-	12:20		Parallel Sessions
10:40				===== INVITED SESSION ON MONETARY POLICY =====
				Chair: Stefan Gerlach (University of Frankfurt)
				Katrin Assenmacher-Wesche (Swiss National Bank)
				"Financial Structure and the Impact of Monetary Policy on Asset Prices"
				Boris Hofmann (ECB)
				"The Effects of US Monetary Policy Shocks on Private Sector (Im)Balances"
				Carsten Detken (European Central Bank)
				"Liquidity Shocks and Asset Price Boom/Bust Cycles"
10:45				===== NONLINEAR MODELS 1 =====
				Chair: M. Hashem Pesaran (University of Cambridge and IZA)
				Iván Fernández-Val (Boston University)
				"Identification and Estimation of Marginal Effects in Nonlinear Panel Models"
				Wayne-Roy Gayle (University of Virginia Economics)
				"Root-N Consistent Estimation of a Nonlinear Panel Data Model"
				Ulf W. H. Von Kalckreuth (Deutsche Bundesbank and University of Mannheim)
				"Panel estimation of state dependent adjustment when the target is unobserved"
				M. Hashem Pesaran (University of Cambridge and IZA)
				"Diagnostic Tests of Cross Section Independence for Nonlinear Panel Data Models"
11:00				===== LABOR MARKETS 1 =====
				Chair: Victoria L. Prowse (University of Oxford and IZA)
				Andrea Weber (University of California, Berkeley and IZA)
				"Does Female Employment Influence Firm Survival? Evidence from Start-ups"
				Beatrice Scheubel (Center for Economic Studies, University of Munich (LMU))
				"Does it Pay to be a Woman? -- Labour Market Effects of Maternity-related Job Protection and Replacement Incomes"
				Alexandru Voicu (CUNY - College of Staten Island and IZA)
				"The Effect of Children on the Level of labor Market Involvement of Married Women: What is the Role of Education?"
				Victoria L. Prowse (University of Oxford and IZA)
				"Unemployment Insurance versus Minimum Income - Effects on Working Behavior over the Life-cycle"
11:06				===== Unit Roots Tests 1 =====
				Chair: Elias Tzavalis (Athens University of Economics & Business)
				Kaddour Hadri (Queen's University Belfast)
				"A simple panel stationarity test in the presence of cross-sectional dependence"
				Florian Siedenburg (Universität Kiel)
				"Homogenous panel unit root tests under nonstationary volatility"
				Jesus Otero (Universidad del Rosario)
				"Testing for seasonal unit roots in heterogeneous panels using monthly data in the presence of cross sectional dependence"
				Elias Tzavalis (Athens University of Economics & Business)
				"Structural breaks and unit roots for short panels"
11:15				===== SPATIAL PANELS =====
				Chair: Alain Pirotte (University of Paris II)
				Jose-Antonio Monteiro (University of Neuchatel, Switzerland)
				"Spatial Dynamic Panel Model and System GMM: A Monte Carlo Investigation"
				Aleksandra Riedl (Vienna University of Economics and Business Administration)
				"Estimation of a Spatial Durbin Model for Panel Data with Non-spherical Disturbances"
				Nicolas Debarsy (University of Namur)
				"Testing for spatial autocorrelation in a fixed effects panel data model: The Feldstein-Horioka puzzle revisited"
				Alain Pirotte (University of Paris II)
				"Seemingly Unrelated Regressions with Spatial Error Components"
11:25				===== REGIONAL MODELS 1 =====
				Chair: Roberto Patuelli (Institute for Economic Research (IRE), University of Lugano, Switzerland)
				Carsten Ochsen (University of Rostock)
				"Regional Labor Markets and Aging in Germany"
				Marcus Stronzik (WIK - Scientific Institute for Infrastructure and Communication Services)
				"Ownership Unbundling of Gas Transmission Networks - Theoretical Background and Empirical Evidence"
				Roberto Patuelli (Institute for Economic Research (IRE), University of Lugano, Switzerland)
				"A Spatial-Dependence Continuous-Time Model for Regional Unemployment in Germany"
11:35				===== PRODUCTIVITY 1 =====
				Chair: Jacques Mairesse (CREST-INSEE)
				Maria Gabriela Ladu (University of Essex and University of Sassari)
				"Total Factor Productivity Estimates for a Sample of European Regions: A Panel Cointegration Approach"
				Laura Serlenga (University of Bari and IZA)
				"Dynamic Efficiency Modelling for Technological Convergence"
				Jacques Mairesse (CREST-INSEE)
				"Determinants of Scientific Productivity: A Study on French and Italian Physicists"
12:20	-	14:00		Lunch Break
14:00	-	16:00		INVITED SESSION in Honor of Cheng Hsiao Chair: Hashem Pesaran
				Peter Schmidt (Michigan State University)
				"Estimates of Technical Inefficiency in Stochastic Frontier Models with Panel Data: Generalized Panel Jackknife Estimation"
				Franz C. Palm (Maastricht University)
				"Issues of structural inference in nonstationary panel data models"
				Badi H. Baltagi (Syracuse University and IZA)
				"Spatial Panels"
16:00	-	16:30		Coffee Break
16:30	-	18:10		Parallel Sessions
16:31				===== COMMON FACTORS 1 =====
				Chair: Manfred Deistler (Universität Wien)
				Martin Weidner (University of Southern California)
				"Quasi Likelihood Expansion for Panel Regression Models with Factors and its Applications"
				Jan Mutl (Institute of Advanced Studies Vienna)
				"Panel VAR Models with Spatial Dependence"
				Manfred Deistler (Universität Wien)
				"Generalized Linear Dynamic Factor Models - An Approach via Singular Autoregressions"
16:40				===== QUANTILE REGRESSION =====
				Chair: Gabriel V. Montes-Rojas (City University London)
				Carlos Lamarche (University of Oklahoma)
				"PENALIZED QUANTILE REGRESSION ESTIMATION FOR A MODEL WITH ENDOGENOUS INDIVIDUAL EFFECTS"
				Alfonso Flores-Lagunes (University of Florida and IZA)
				"Lessons from Quantile Panel Estimation of the Environmental Kuznets Curve"
				Gabriel V. Montes-Rojas (City University London)
				"Instrumental Variables Quantile Regression for Panel Data with Measurement Errors"
16:45				===== PANEL COINTEGRATION =====
				Chair: Lorenzo Trapani (Cass Business School)
				Josep Lluís Carrion-i-Silvestre (University of Barcelona)
				"Panel cointegration rank testing with cross-section dependence"
				Deniz Dilan Karaman Örsal (Humboldt University, Berlin)
				"Panel Cointegration Testing in the Presence of a Time Trend"
				Lorenzo Trapani (Cass Business School)
				"Cointegration versus Spurious Regression and Heterogeneity in Large Panels"
16:55				===== WAGES =====
				Chair: Guillaume Horny (BETA-CNRS)
				Maritza López-Novella (Federal Planning Bureau, Brussels, Belgium)
				"Understanding wage determination in a multilevel bargaining system using panel data"
				Ganna Pogrebna (Columbia University)
				"INNOVATION, ENTRY INTO MULTIPLE MARKETS AND UNOBSERVED HETEROGENEITY"
				Robert Orlowski (University of Erlangen-Nuremberg)
				"The East German Wage Structure after Transition"
				Guillaume Horny (BETA-CNRS)
				"Wage cost and price joint dynamics at the firm level: an empirical analysis"
17:01				===== CAUSAL EFFECTS =====
				Chair: Victoria L. Prowse (University of Oxford and IZA)
				Marcel Voia (Carleton University)
				"Mixed Proportional Hazard Models with Finite Mixture Unobserved Heterogeneity"
				Amelie Wuppermann (University of Munich)
				"Do Teaching Practices Influence Student Achievement?"
				Steffen Müller (University of Erlangen - Nuremberg)
				"The Productivity Effect of Non-Union Representation"
				Ronald Bachmann (RWI Essen)
				"Cohort Wage Effects and Job Mobility - Evidence from German Linked Employer-Employee Data"
17:10				===== LINEAR MODELS =====
				Chair: Hans Schneeweiss (Ludwig-Maximilians-Universität München)
				Gerdie Everaert (SHERPPA, Ghent University)
				"Using Backward Means to Eliminate Individual Effects from Dynamic Panels"
				Vasilis Sarafidis (University of Sydney)
				"To Pool or Not to Pool: A Partially Heterogeneous Alternative"
				Nicoletta Rosati (CEMAPRE and ISEG-Technical University of Lisbon)
				"Efficiency of repeated-cross-section estimators in fixed-effects models"
				Hans Schneeweiss (Ludwig-Maximilians-Universität München)
				"Panel regression with random noise"
17:20				===== IV AND GMM =====
				Chair: Takashi Yamagata (University of York)
				Timo Mitze (Ruhr-University Bochum & GEFRA Muenster)
				"Endogeneity in Panel Data Models with Time-Varying and Time-Fixed Regressors: To IV or not IV ?"
				Erik Biorn (University of Oslo)
				"Measurement Errors in Dynamic Panel Data Analysis: A Synthesis on Modelling and GMM Estimation"
				Laura Magazzini (University of Verona, Dept. of Economics)
				"Poor identification and estimation problems in panel data models with random effects and autocorrelated errors"
				Takashi Yamagata (University of York)
				"On GMM Estimation and Inference with Bootstrap Bias-Correction in Linear Panel Data Models"
17:30				===== DYNAMIC MODELS =====
				Chair: Jan Kiviet (University of Amsterdam)
				Geert Dhaene (Catholic University of Leuven)
				"Median-Based Estimation of Dynamic Panel Models with Fixed Effects"
				Ruby Henry (Toulouse School of Economics and IZA)
				"Combining Bias Correction Methods: Does Basing Indirect Inference on Han and Phillips Yield Better Small Sample Results?"
				Charalambos Tsangarides (Research Department, International Monetary Fund)
				"Limited Information Bayesian Model Averaging for Dynamic Panels with Short Time Periods"
				Jan Kiviet (University of Amsterdam)
				"Strength and weakness of instruments in IV and GMM estimation of dynamic panel data models"
19:30	-	22:30		Dinner

Sunday, July 05:

09:00	-	10:40		Parallel Sessions
09:00				===== NONLINEAR MODELS 2 =====
				Chair: Martin Wagner (IHS - Institute for Advanced Studies, Vienna)
				Laura Hospido (Bank of Spain and IZA)
				"Estimating Nonlinear Models with Multiple Fixed Effects: A Computational Note"
				Allan Wurtz (Aarhus University, Denmark)
				"Efficient estimation of non-linear dynamic panel data models with application to smooth transition models"
				Romain Aeberhardt (CREST-INSEE)
				"Implementation of a conditional logit model with state dependence using standard preimplemented procedures"
				Martin Wagner (IHS - Institute for Advanced Studies, Vienna)
				"Nonlinear Cointegration Analysis and the Environmental Kuznets"
09:10				===== LABOR MARKETS 2 =====
				Chair: Tarjei Havnes (University of Oslo)
				Sabine Klinger (Institute for Employment Research)
				"A new method on an old question: What explains changes in full-time and part-time employment in Western Germany?"
				Andreas Kuhn (University of Zurich and IZA)
				"To Shape the Future: The Effects of Initial Economic Conditions at the Time of Entry into the Labor Force on Individuals' Subsequent Labor Market Performance"
				Umut Oguzoglu (University of Manitoba and IZA)
				"Severity of Work Disability and Work in Australia"
				Tarjei Havnes (University of Oslo)
				"The Irrelevance of Subsidized Child Care for Maternal Employment: The Norwegian Experience"
09:20				===== UNIT ROOT TESTS 2 =====
				Chair: Matei Demetrescu (University of Frankfurt)
				Christoph Hanck (Maastricht University)
				"Nonstationary-Volatility Robust Panel Unit Root Tests and the Great Moderation"
				Loukia Meligkotsidou (University of Athens)
				"A Bayesian Analysis of Unit Roots in Panel Data Models with Cross-sectional Dependence"
				Jörg Breitung (University of Bonn and IZA)
				"Myths and Facts about Panel Unit Root Tests"
				Matei Demetrescu (University of Frankfurt)
				"Spurious Long-Range Dependence in DAX Volatilities? A panel examination"
09:30				===== HEALTH ECONOMICS =====
				Chair: Annette Bergemann (Free University Amsterdam and IZA)
				Nicolas R. Ziebarth (DIW Berlin)
				"A Natural Experiment on Sick Pay Cuts, Sickness Absence, and Labor Costs"
				Florian Heiss (University of Munich (LMU))
				"Dynamics of Self Rated Health and Selective Mortality"
				Dimitris Christelis (University of Salerno)
				"Smoking Dynamics in Europe"
				Annette Bergemann (Free University Amsterdam and IZA)
				"Impact of an Affirmative Action Program in Employment on Child Mortality in India"
09:40				===== GROWTH =====
				Chair: Marcel Bluhm (University of Frankfurt)
				Enrique Moral-Benito (CEMFI)
				"Panel Growth Regressions with General Predetermined Variables: Likelihood-Based Estimation and Bayesian Averaging"
				Mihasonirina Andrianaivo (University of Rennes)
				"More banks or more markets ? New evidence on what matters for growth in developing countries"
				Marcel Bluhm (University of Frankfurt)
				"On the Conditional Effect of IMF Program Participation on Economic Growth"
09:50				===== RANDOM COEFFICIENT MODELS =====
				Chair: Joakim Westerlund (Lund University)
				Manuel Frondel (RWI Essen)
				"Fixed, Random, or Something in Between? A Variant of Hausman's Specification Test for Panel Data Estimators"
				Stephane Bonhomme (CEMFI, Madrid)
				"Identifying Distributional Characteristics in Random Coefficients Panel Data Models"
				Chang-Ching Lin (Institute of Economics, Academia Sinica)
				"Estimation of Panel Data Models with Parameter Heterogeneity when Group Membership Is Unknown"
				Joakim Westerlund (Lund University)
				"Testing for a Unit Root in a Random Coefficient Panel Data Model"
10:00				===== EMPLOYMENT =====
				Chair: Hielke Buddelmeyer (Melbourne Institute of Applied Economic and Social Research and IZA)
				Michaela Fuchs (IZA)
				"The Dynamics of Local Employment in Germany"
				Arne Uhlendorff (IZA)
				"Employment effects of welfare reforms - Evidence from a dynamic structural life-cycle model"
				Roland Rathelot (CREST)
				"Wrong origin or wrong neighborhood: Explaining weaker labor maket outcomes of French individuals of African origin"
				Hielke Buddelmeyer (Melbourne Institute of Applied Economic and Social Research and IZA)
				"Transitions from Casual Employment in Australia"
10:40	-	11:10		Coffee Break
11:10	-	12:10		INVITED SESSION Jushan Bai (Columbia University) "Likelihood approach to small T dynamic panel data models with interactive effects"
12:10	-	13:30		Lunch Break
13:30	-	14:45		Parallel Sessions
13:30				===== INTERNATIONAL ECONOMICS =====
				Chair: Christopher F. Baum (Boston College and DIW Berlin)
				Birgit Schmitz (IIW Institute for International Economics, University of Bonn)
				"Current Account Imbalances in the Euro Area"
				Kevin E. Staub (University of Zurich)
				"The trade and welfare effects of endogenous preferential trade agreements"
				Christopher F. Baum (Boston College) "The volatility of international trade flows and exchange rate uncertainty"
13:40				===== COMMON FACTORS 2 =====
				Chair: Arnab Bhattacharjee (University of St. Andrews)
				Patrick Gagliardini (University of Lugano and Swiss Finance Institute)
				"Efficiency in Large Dynamic Panel Models with Common Factor"
				Markus Eberhardt (University of Oxford, Department of Economics (CSAE))
				"A Common Factor Approach to Spatial Heterogeneity in Agricultural Productivity Analysis"
				Arnab Bhattacharjee (University of St. Andrews)
				"Understanding Interactions in Social Networks and Committees"
13:50				===== NONLINEAR MODELS 3 =====
				Chair: Deniz Baglan (University of California, Riverside)
				María Engracia Rochina-Barrachina (Universidad de Valencia)
				"Some estimators for dynamic panel data sample selection and switching models"
				Deniz Baglan (University of California, Riverside)
				"Efficient Estimation of a Partially Linear Dynamic Panel Data Model with Fixed Effects: Application to Unemployment Dynamics in the U.S."
14:00				===== LABOR MARKETS 3 =====
				Chair: Michael Lechner (University of St. Gallen and IZA)
				Matteo Picchio (Catholic University of Louvain)
				"Unemployment Duration and the Subsequent Job"
				Sara Ayllón (Universitat Autònoma de Barcelona)
				"Modelling state dependence and feedback effects between poverty, employment and parental home emancipation among European youth"
				Michael Lechner (University of St. Gallen and IZA)
				"Long-run labour market effects of individual sports activities"
14:10				===== INCOME =====
				Chair: Stefanie Schurer (Melbourne Institute of Applied Economic and Social Research)
				Yuri Ostrovsky (Statistics Canada)
				"Trends in earnings inequality among Canadian men, 1985–2005"
				Robert G. Valletta (Federal Reserve Bank of San Francisco and IZA)
				"Optimal Treatment of Income Imputation in Complex Panels"
				Stefanie Schurer (Melbourne Institute of Applied Economic and Social Research)
				"Does happiness really depend on relative income? An application of random coefficient models to Australian panel data."
14:20				===== WEAK INSTRUMENTS =====
				Chair: Maurice Bun (University of Amsterdam)
				Jens Mehrhoff (Deutsche Bundesbank)
				"A Solution to the Problem of Too Many Instruments in Dynamic Panel Data GMM"
				Long Liu (University of Texas at San Antonio)
				"Consistent Estimation with Weak Instruments in Panel Data"
				Maurice Bun (University of Amsterdam)
				"The Weak Instrument Problem of the System GMM Estimator in Dynamic Panel Data Models"
14:30				===== PRODUCTIVITY 2 =====
				Chair: Christine Amsler (Michigan State University)
				Bettina Peters (Centre for European Economic Research (ZEW))
				"Does Innovation Success breed Innovation Success?"
				Sanja Pattnayak (National University of Singapore)
				"Technical Efficiency of Indian Pharmaceutical Firms: A Stochastic Frontier Function Approach"
				Christine Amsler (Michigan State University)
				"Using copulas to model time dependence in stochastic frontier panel data models"
14:45	-	15:45		INVITED SESSION Robin Sickles (Rice University) "Panel Data, Factor Models, and the Solow Residual"
15:45	-	16:15		Coffee Break
16:15	-	17:30		Parallel Sessions
16:15				===== FINANCIAL MARKETS =====
				Chair: Andreas Steiner (University of Mannheim)
				Karsten Staehr (Tallinn University of Technology)
				"Inflation in the New EU Countries from Central and Eastern Europe: Theories and Panel Data Estimations"
				Xuan Zhang (University of Frankfurt)
				"On the Effects of Monetary Policy Shocks on Exchange Rates"
				Robert W. Fairlie (University of California, Santa Cruz and IZA)
				"Race and Financial Capital in Business Startups: Evidence from the Kauffman Firm Survey"
				Andreas Steiner (University of Mannheim)
				"Why Do Central Banks Hold International Reserves? An Application of Models for Homogeneous and Heterogeneous Panel Data"
16:25				===== BOOTSTRAP =====
				Chair: Yoosoon Chang (Texas A&M University)
				Leandro Magnusson (Tulane University)
				"Bootstrap Methods for Inference with Cluster-Sample IV Models"
				Bertrand Hounkannounon (Université de Montréal, CIREQ)
				"BOOTSTRAP FOR PANEL REGRESSION MODELS WITH RANDOM EFFECTS"
				Yoosoon Chang (Texas A&M University)
				"Panels at High Frequencies: A Reexamination of Fama-French Regressions"
16:35				===== PRODUCTIVITY 3 =====
				Chair: Hans Christian Kongsted (University of Copenhagen)
				Georg Von Graevenitz (Ludwig-Maximilians-Universität München)
				"INCIDENCE AND GROWTH OF PATENT THICKETS - THE IMPACT OF TECHNOLOGICAL OPPORTUNITIES AND COMPLEXITY"
				Stijn Vanormelingen (HU Brussel and KU Leuven)
				"The Impact of Training on Productivity and Wages: Evidence from Belgian Firm Level Panel Data"
				Wladimir Raymond (Maastricht University)
				"Innovative Sales, R&D and Other Innovation Expenditures: Are there Lags? Estimating from Panel Data Vector Autoregressions"
				Hans Christian Kongsted (University of Copenhagen)
				"ICT and productivity growth in the 1990s: The European evidence"
16:45				===== HOUSEHOLDS =====
				Chair: Friedhelm Pfeiffer (ZEW Mannheim and IZA)
				Cristina Barcelo (Bank of Spain)
				"Household consumption and wealth responses to the risk of losing the job: Evidence from differences in firing costs"
				Natalia Khorunzhina (University of Pittsburgh)
				"Noisy addicts? Estimation of optimal consumption choice with habit formation and measurement error"
				Sarolta Laczo (Toulouse School of Economics (Gremaq))
				"Distinguishing between Models of Risk Sharing"
				Friedhelm Pfeiffer (ZEW Mannheim and IZA)
				"PERINATAL CONDITIONS, HOME RESOURCES AND COMPETENCIES IN THE EARLY LIFE COURSE"
16:55				===== REGIONAL MODELS 2 =====
				Chair: Niklas Potrafke (University of Konstanz)
				Jenni Pääkkönen (Institute for Economies in Transition, Bank of Finland)
				"Convergence and Demographic Transition: A Club Approach"
				Philipp Mohl (Centre for European Economic Research (ZEW))
				"Do EU structural funds promote regional growth? Evidence from various panel data approaches"
				Dominik Schober (University of Duisburg-Essen, Campus Essen)
				"“Regulatory Reform in South America – Dynamic Panel Approach”"
				Niklas Potrafke (University of Konstanz)
				"Politics and privatization in Central and Eastern Europe: A panel data analysis"
17:05				===== EMPLOYMENT 2 =====
				Chair: Sabien Dobbelaere (Free University Amsterdam and IZA)
				Thierry Kamionka (CREST-INSEE)
				"Is civil-servant human capital sector-specific?"
				Ljubica Nedelkoska (Friedrich-Schiller-University)
				"Industry Dynamics and Highly Qualified Labor Mobility"
				Sabien Dobbelaere (Free University Amsterdam and IZA)
				"Micro-evidence on rent sharing from different perspectives"
17:15				===== FIRMS =====
				Chair: Christopher F. Baum (Boston College and DIW Berlin)
				Valeria Merlo (Ifo Institute for Economic Research at the University of Munich)
				"How Low Business Tax Rates Attract Multinational Headquarters: Municipality-Level Evidence from Germany"
				Robert Petrunia (Lakehead University)
				"The Impact of Initial Financial State on Firm Duration Across Entry Cohorts"
				Christopher F. Baum (Boston College and DIW Berlin)
				"The impact of financial structure on firms' financial constraints: A cross-country analysis"
				End