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MEASURING THE EFFECT OF NAPSTER ON RECORDED MUSIC SALES: DIFFERENCE-IN-DIFFER...
This paper measures the effect of Napster on record sales. I treat the introduction of Napster as a technological event that only Internet users experienced, and use a... -
MULTIVARIATE METHODS FOR MONITORING STRUCTURAL CHANGE (replication data)
Detection of structural change is a critical empirical activity, but continuous monitoring for changes in real time raises well-known econometric issues that have been explored... -
WAS THE GOLD STANDARD REALLY DESTABILIZING? (replication data)
This paper investigates the extent to which the high macroeconomic volatility experienced in the classical Gold Standard era of US history can be attributed to the monetary... -
Did China diversify its foreign reserves? (replication data)
This paper takes a novel approach to detect the latent currency portfolio of Chinese foreign exchange reserves and the underlying portfolio management strategies during 2000 and... -
Estimation of dynamic panel data models with sample selection (replication data)
We propose a new method for estimating dynamic panel data models with selection. The method uses backward substitution for the lagged dependent variable, which leads to an... -
Stochastic search variable selection in vector error correction models with a...
This paper develops methods for stochastic search variable selection (currently popular with regression and vector autoregressive models) for vector error correction models... -
Investment decisions in manufacturing: assessing the effects of real oil pric...
We investigate the effects of real oil prices and their uncertainty on investment decisions. Making use of plant-level data, we estimate dynamic, discrete-choice models that... -
Panel data estimates of the production function and product and labor market ...
Consistent with two models of imperfect competition in the labor market-the efficient bargaining model and the monopsony model-we provide two extensions of a microeconomic... -
Narrow and scientific replication of ‘The slave trade and the origins of mist...
Nunn and Wantchekon (2011) argue that slave trades led to a culture of mistrust in Africa. They regress self-reported trust from the 2005 Afrobarometer surveys on... -
Macroeconomic forecasting and structural change (replication data)
The aim of this paper is to assess whether modeling structural change can help improving the accuracy of macroeconomic forecasts. We conduct a simulated real-time out-of-sample... -
On the simultaneity problem in the aid and growth debate (replication data)
This paper shows that foreign aid has a significant positive average effect on real per capita gross domestic product (GDP) growth if, and only if, the quantitatively large... -
An alternative measure of intergenerational income mobility based on a random...
We propose an alternative measure of the degree to which income status is transmitted from one generation to another. Our indicator of intergenerational income mobility is based... -
Learning from peers in signaling game experiments (replication data)
We investigate peer group effects in laboratory experiments based on Milgrom and Roberts' (1982, Econometrica 50: 443-459) entry limit pricing game. We generalize Heckman's... -
Evaluating Californian under-age drunk driving laws: endogenous policy lags (...
When evaluating the effectiveness of a policy, most studies assume that the policy effect begins with the date of enactment. However, there often exists an endogenous policy... -
On the size distortion of tests after an overidentifying restrictions pretest...
In the linear instrumental variables model, we provide theoretical and Monte Carlo evidence for the size distortion of a two-stage hypothesis test that uses a test of... -
Labor market entry and earnings dynamics: Bayesian inference using mixtures-o...
This paper analyzes patterns in the earnings development of young labor market entrants over their life cycle. We identify four distinctly different types of transition patterns... -
Is God in the details? A reexamination of the role of religion in economic gr...
Barro and McCleary (2003, Religion and economic growth across countries. American Journal of Sociology 68: 760-781) is a key research contribution in the new literature... -
Estimating Engel curves under unit and item nonresponse (replication data)
This paper estimates food Engel curves using data from the first wave of the Survey on Health, Aging and Retirement in Europe (SHARE). Our statistical model simultaneously takes... -
Binary quantile regression: a Bayesian approach based on the asymmetric Lapla...
This paper develops a Bayesian method for quantile regression for dichotomous response data. The frequentist approach to this type of regression has proven problematic in both... -
Finite-sample comparison of alternative methods for estimating dynamic panel ...
The Wooldridge method is based on a simple and novel strategy to deal with the initial values problem in nonlinear dynamic random-effects panel data models. The characteristic...
