Browsing by Author "Sato, Yoshihiro"
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Dynamic Investment Models, Employment Generation and Productivity – Evidence from Swedish Data
Sato, Yoshihiro (2012-09-28)Paper 1: Effects of shocks and uncertainty on capital and labor in a real options model with variable capacity utilization This study analyzes the effects of uncertainty on investment, capital use and labor demand, in ... -
System GMM estimation of panel data models with time varying slope coefficients
Sato, Yoshihiro; Söderbom, Måns (2013-12)We highlight the fact that the Sargan-Hansen test for GMM estimators applied to panel data is a joint test of valid orthogonality conditions and coefficient stability over time. A possible reason why the null hypothesis ...