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SERC/Urban and Spatial Programme Discussion Paper
Estimating and Forecasting with a Dynamic Spatial Panel Data Model

This paper focuses on the estimation and predictive performance of several estimators for the dynamic and autoregressive spatial lag panel data model with spatially correlated disturbances. In the spirit of Arellano and ...Read more...

Badi H. Baltagi, Bernard Fingleton and Alain Pirotte

3 November 2011

CEP discussion paper
A Tale of Two Countries: Unions, Closures and Growth in Britain and Norway

Using linked private sector employer-employee panel data for Britain and Norway we explore the effects of unionization on workplace closure and employment growth over the period 1997-2004. Unions prolonged the life of lo...Read more...

Alex Bryson and Harald Dale-Olsen

May 2008

CEP discussion paper
Labor and the Market Value of the Firm

What role does labor play in a firm?s market value? We explore this question using a production-based asset pricing model with frictions in the adjustment of both capital and labor. We posit that hiring of labor is akin ...Read more...

Monika Merz and Eran Yashiv

May 2005