Estimation of Panel Data Models with Random Interactive Effects and Multiple Structural Breaks when <i>T</i> is Fixed

Kaddoura, Yousef; Westerlund, Joakim

doi:10.1080/07350015.2022.2067546

Cited by 6 publications

(3 citation statements)

References 41 publications

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“…Including group and time effects in panel models necessitates specific estimation methods. The extensive use of panel models for econometric analysis is presented by, for example, Baltagi [96], Hsiao [98], Bollen and Brand [99] and Kaddoura and Westerlund [100].…”

Section: Methodsmentioning

confidence: 99%

Selected Economic Determinants of Labor Profitability in Family Farms in Poland in Relation to Economic Size

Kusz

Bąk

et al. 2022

Sustainability

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Farms in Poland come in a wide variety of sizes, and the effect of farm size on the profitability of labor has not been sufficiently investigated. This paper takes a fresh look at the model for labor profitability determinants of family farms in Poland in relation to their economic size. The purpose of this paper is to analyze the factors that determine the labor profitability index in farms of various economic size classes (classes ES1–ES5). In the analysis of factors shaping the profitability of labor in family farms, a panel analysis was applied. Family farm income expressed per family labor unit was adopted as the dependent variable. The following variables were used as explanatory variables: (1) macroeconomic index of price relations (“price gap”); unemployment; average monthly gross wages and salaries; inflation; (2) technical-agricultural production efficiency index; (3) microeconomic ratio of total assets to agricultural land; technical equipment for work; land-to-labor ratio; debt ratio, subsidy ratio, and investment effort. A diversified influence of selected factors determining the level of profitability of labor in agriculture in particular groups of farms was found. The econometric models developed also indicate different strategies that are adopted by farmers on various farms. There is no single solution here; strategies for improving the profitability of work must take into account the specificity of a given entity. The models estimated indicate the necessity of using other mechanisms and tools of agricultural policy for farms of various economic sizes. It should be expected that, in the future, there will be a dichotomous development of farms. Medium-sized farms will become larger and economically effective, and smaller farms will perform residential functions, with the disappearing function of agricultural production.

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Section: Methodsmentioning

confidence: 99%

Selected Economic Determinants of Labor Profitability in Family Farms in Poland in Relation to Economic Size

Kusz

Bąk

et al. 2022

Sustainability

View full text Add to dashboard Cite

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“…Another class of models extends the standard specification by allowing for (unknown) group membership or structural breaks (e.g., Bonhomme and Manresa, 2015;Boldea, Drepper and Gan, 2020;Lumsdaine, Okui and Wang, forthcoming;Kaddoura and Westerlund, forthcoming). Bonhomme and Manresa (2015) allows for group-specific time effects.…”

Section: Literature Reviewmentioning

confidence: 99%

Fixed Effects and Causal Inference

Millimet

Bellemare

2023

SSRN Journal

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“…Okui and Wang [22] developed a method for estimating heterogeneous structural breaks in panel data models by grouped fixed effects and adaptive group fused Lasso. Kaddoura and Westerlund [23] investigated the estimation of multiple structural breaks for panel data models with random interactive effects using the Lasso method.…”

Section: Introductionmentioning

confidence: 99%

Estimation of Multiple Breaks in Panel Data Models Based on a Modified Screening and Ranking Algorithm

Li,

Xiao,

Chen

2023

Symmetry

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Structural breaks are often encountered in empirical studies with large panels. This paper considers the estimation of multiple breaks in the mean of panel data model based on a modified screening and ranking algorithm. This algorithm satisfies symmetry and is suitable for both cases where the jump size of break points is positive and negative. The break points are first initially screened based on the adaptive Fisher’s statistic, followed by further screening of the break points using the threshold criterion, and finally the final break points are screened using the information criterion. Furthermore, the consistency of the break point estimators is proved. The Monte Carlo simulation results show that the proposed method performs well even if the error terms are serially correlated or cross-sectionally correlated. Finally, two empirical examples illustrate the use of this method.

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Estimation of Panel Data Models with Random Interactive Effects and Multiple Structural Breaks when T is Fixed

Cited by 6 publications

References 41 publications

Selected Economic Determinants of Labor Profitability in Family Farms in Poland in Relation to Economic Size

Selected Economic Determinants of Labor Profitability in Family Farms in Poland in Relation to Economic Size

Fixed Effects and Causal Inference

Estimation of Multiple Breaks in Panel Data Models Based on a Modified Screening and Ranking Algorithm

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