A one-stage random effect counterpart of the fixed-effect vector decomposition model with anapplication to UK electricity distribution utilities
MetadataShow full item record
To deal with the presence of slowly changing variables, Plümper and Troeger (2007) proposed a fixed effects vector decomposition (FEVD) estimator, which is a three-stage procedure based on the fixed effects estimator. We show that this estimator moves between fixed effect and ordinary least squares depending on how its second stage is specified. This provides an alternative interpretation of the FEVD estimator that allows us to introduce a one-stage counterpart of the FEVD model, which can be viewed as a partial Mundlak (1978) transformation of the random effects model. We illustrate our approach with an application to UK electricity distribution utilities using the same data as Yu et al. (2009). Our application suggests that our estimator and the FEVD yield similar results when the pooled OLS estimates for a given panel are similar to the random effects estimates.
Showing items related by title, author, creator and subject.
Public sector efficiency of decentralized local government in Indonesia : a political and institutional analysisKurnia, Akhmad Syakir (2012)This thesis investigates public sector efficiency (PSE) of decentralized local governments in Indonesia. Based on the literature review improved efficiency is considered as the main outcome expected from a decentralized ...
Numerical modeling and economic evaluation of two multi-effect vacuum membrane distillation (ME-VMD) processesZhang, Y.; Peng, Y.; Ji, S.; Qi, J.; Wang, Shaobin (2017)© 2017 Elsevier B.V. A hollow fiber membrane module cascaded with a heat exchanger to recover the latent heat of vapor is a one-stage vacuum membrane distillation (VMD) unit. In this work, two multi-effect VMD (ME-VMD) ...
Sabarudin, Akmal (2012)Prospective ECG-triggering is regarded as one of the most effective approaches for reduction of radiation dose to patients during coronary CT angiography (CCTA). This study was conducted to investigate the diagnostic ...