Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/37270 
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dc.contributor.authorSavin, Ivanen
dc.contributor.authorWinker, Peteren
dc.date.accessioned2010-08-11T09:10:43Z-
dc.date.available2010-08-11T09:10:43Z-
dc.date.issued2010-
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
dc.language.isoengen
dc.publisher|aVerein für Socialpolitik |cFrankfurt a. M.en
dc.relation.ispartofseries|aBeiträge zur Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie - Session: Computational Econometrics |xA3-V2en
dc.subject.jelC63en
dc.subject.jelO31en
dc.subject.jelC52en
dc.subject.ddc330en
dc.subject.keywordInnovationen
dc.subject.keyworddynamic panel dataen
dc.subject.keywordGMMen
dc.subject.keywordmodel selectionen
dc.subject.keywordthreshold acceptingen
dc.subject.keywordgenetic algorithmsen
dc.titleHeuristic Optimization Methods for Dynamic Panel Data Model Selection. Application on the Russian Innovative Performance-
dc.typeConference Paperen
dc.identifier.ppn654816549en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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