Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/37270
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dc.contributor.authorSavin, Ivanen_US
dc.contributor.authorWinker, Peteren_US
dc.date.accessioned2010-08-11T09:10:43Z-
dc.date.available2010-08-11T09:10:43Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/37270-
dc.description.abstractInnovations, be they radical new products or technology improvements are widely recognized as a key factor of economic growth. To identify the factors triggering innovative activities is a main concern for economic theory and empirical analysis. As the number of hypotheses is large, the process of model selection becomes a crucial part of the empirical implementation. The problem is complicated by the fact that unobserved heterogeneity and possible endogeneity of regressors have to be taken into account. A new efficient solution to this problem is suggested, applying optimization heuristics, which exploits the inherent discrete nature of the problem. The model selection is based on information criteria and the Sargan test of overidentifying restrictions. The method is applied to Russian regional data within the framework of a log-linear dynamic panel data model. To illustrate the performance of the method, we also report the results of Monte-Carlo simulations.en_US
dc.language.isoengen_US
dc.publisher|aVerein für Socialpolitik |cFrankfurt a. M.en_US
dc.relation.ispartofseries|aBeiträge zur Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie - Session: Computational Econometrics |xA3-V2en_US
dc.subject.jelC63en_US
dc.subject.jelO31en_US
dc.subject.jelC52en_US
dc.subject.ddc330en_US
dc.subject.keywordInnovationen_US
dc.subject.keyworddynamic panel dataen_US
dc.subject.keywordGMMen_US
dc.subject.keywordmodel selectionen_US
dc.subject.keywordthreshold acceptingen_US
dc.subject.keywordgenetic algorithmsen_US
dc.titleHeuristic Optimization Methods for Dynamic Panel Data Model Selection. Application on the Russian Innovative Performanceen_US
dc.typeConference Paperen_US
dc.identifier.ppn654816549-
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-

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