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SMU Economics and Statistics Working Paper Series

The collection has the Economics and Statistics Working Paper Series published by Singapore Management University School of Economics.

Submissions from 2016 2016

Gray's anatomy: Understanding uncertainty, Juliana Yu SUN and Roberto M. SAMANIEGO Working Paper

Precautionary Saving with Changing Income Ambiguity, Atsushi KAJII and Jingyi XUE Working Paper

Competition and gains from trade: A quantitative analysis of China between 1995 and 2004, Wen-Tai HSU, Yi LU, and Guiying Laura WU Working Paper

Entrepreneurship, College and Credit: The Golden Triangle, Roberto M Samaniego and Juliana Yu SUN Working Paper

Entrepreneurship, Education and Credit: The Golden Triangle, Roberto M. SAMANIEGO and Juliana Yu SUN Working Paper

Investment-Specific Technical Change and Growth around the World, Roberto M. SAMANIEGO and Juliana Yu SUN Working Paper

Investment-specific technical change as a factor of economic growth, Roberto M. SAMANIEGO and Juliana Yu SUN Working Paper

Returns to education for women, assortative marriage matching, and home production, Sunha MYONG Working Paper

Estimation of Large Dimensional Factor Models with an Unknown Number of Breaks, Shujie MA and Liangjun SU Working Paper

Housing Policies in Singapore, Sock Yong PHANG and Matthias HELBLE Working Paper

Implementation with transfers, Yi-Chun CHEN, Takashi KUNIMOTO, and Yifei SUN Working Paper

Model selection for explosive models, Yubo TAO and Jun YU Working Paper

Common Threshold in Quantile Regressions with an Application to Pricing for Reputation, Liangjun SU, Pai XU, and Heng JU Working Paper

Granger Causality and Structural Causality in Cross-Section and Panel Data, Xun LU, Liangjun SU, and Halbert WHITE Working Paper

Quantity Discounts and Capital Misallocation in Vertical Relationships, Ken ONISHI Working Paper

Testing for Monotonicity in Unobservables under Unconfoundedness, Stefan HODERLEIN, Liangjun SU, Halbert WHITE, and Thomas Tao YANG Working Paper

New Distribution Theory for the Estimation of Structural Break Point in Mean, Liang JIANG, Xiaohu WANG, and Jun YU Working Paper

Robust Information Cascade with Endogenous Ordering, Yi ZHANG Working Paper

Submissions from 2015 2015

Competition and Gains from Trade: A Quantitative Analysis of China Between 1995 and 2004, Wen-Tai HSU, Yi LU, and Guiying Laura WU Working Paper

Institutional complementarity across countries in bilateral FDI flows: Theory and evidence, Pao-Li CHANG Working Paper

Trade Integration, Income Divergence, and Global Imbalances, Haiping ZHANG Working Paper

Unified M-estimation of fixed-effects spatial dynamic models with short panels, Zhenlin YANG Working Paper

Panel Data Models with Interactive Fixed Effects and Multiple Structural Breaks, Degui LI, Junhui QIAN, and Liangjun SU Working Paper

Poverty decomposition by regression: An application to Tanzania, Tomoki FUJII Working Paper

Semiparametric estimation of partially linear dynamic panel data models with fixed effects, Liangjun SU and Yonghui ZHANG Working Paper

Wealth Inequality and Financial Development: Revisiting the Symmetry Breaking Mechanism, Haiping ZHANG Working Paper

Signaling in Online Credit Markets, Kei KAWAI, Ken ONISHI, and Kosuke UETAKE Working Paper

Export-Learning and FDI with Heterogeneous Firms, Amanda JAKOBSSON Working Paper

A Bayesian specification test, Yong LI, Tao ZENG, and Jun YU Working Paper

Employment duration and match quality over the business cycle, Ismail BAYDUR and Toshihiko MUKOYAMA Working Paper

Expropriation risk and competition with the military, Madhav S. ANEY and Giovanni KO Working Paper

On Time-Varying Factor Models: Estimation and Testing, Liangjun SU and Xia WANG Working Paper

Sieve Estimation of Time-Varying Panel Data Models with Latent Structures, Liangjun SU, Xia WANG, and Sainan JIN Working Paper

Sieve Estimation of Time-Varying Panel Data Models with Latent Structures, Liangjun SU, Xia WANG, and Sainan JIN Working Paper

Bias correction for fixed effects spatial panel data models, Zhenlin Yang, Jihai YU, and Shew Fan LIU Working Paper

Fertility and Rural Electrification in Bangladesh, Tomoki FUJII and Abu S. SHONCHOY Working Paper

Limit Theory for Continuous Time Systems with Mildly Explosive Regressors, Peter C. B. PHILLIPS, Chen Ye, and Jun Yu Working Paper

Social Transformation, Group Reputation, and Reputation Matching, Huan WANG and Yi ZHANG Working Paper

Love, Money and Old Age Support: Does Parental Matchmaking Matter?, Fali HUANG, Ginger Zhe JIN, and Lixin Colin XU Working Paper

Shrinkage estimation of dynamic panel data models with interactive fixed effects, Xun LU and Liangjun SU Working Paper

Sieve Instrumental Variable Quantile Regression Estimation of Functional Coefficient Models, Liangjun SU and Tadao HOSHINA Working Paper

An actuarial framework of Singapore's pension program: The CPF LIFE Scheme, Koon Shing KWONG, Yiu Kuen TSE, and Wai-Sum Chan Working Paper

A New Structural Model of U.S. Inflation Dynamics, Sainan JIN Working Paper

A Prospect Theory of Power Transition: Why Power Transition Does Not Imply War?, Huan WANG and Yi ZHANG Working Paper

Nonparametric threshold regression: Estimation and inference, Daniel J. HENDERSON, Christopher F. PARMETER, and Liangjun SU Working Paper

Reputation Building through Failure, Huan WANG and Yi ZHANG Working Paper

Robust Forecast Comparison, Sainan JIN Working Paper

Submissions from 2014 2014

Business time sampling scheme and its applications to semi-martingale hypothesis and estimating integrated volatility, Yingjie Dong and Yiu Kuen Tse Working Paper

Does Risk Aversion Matter in Directed Search Models, Nicolas Laurent JACQUET and Serene Tan Working Paper

Educational Streaming: Too Early to Disclose Information, Yi ZHANG Working Paper

Executive overreach by minority governments, Madhav S. ANEY and Shubhankar DAM Working Paper

Granger Causality and Structural Causality in Cross-Section and Panel Data, X. Lu, Liangjun SU, and H. WHITE Working Paper

Measuring Intangible Capital with Uncertainty, Sungbae AN and Nan LI Working Paper

On bias in the estimation of structural break points, Liang JIANG, Xiaohu WANG, and Jun YU Working Paper

Procompetitive Effect versus Inefficiency from Double Marginalization, Ken Theo ONISHI Working Paper

Sequential Investment, Hold-up and Strategic Delay, Yi ZHANG and Juyuan Zhang Working Paper

Wasteful division with uncertain claims, Jingyi XUE Working Paper

Governance Matter: Morningstar Stewardship Grades and Mutual Fund Performance, Jerry X. CAO, Aurobindo GHOSH, Jeremy GOH, and Wee Seng NG Working Paper

A New Hedonic Regression for Real Estate Prices Applied to the Singapore Residential Market, Jiang LIANG, Peter C. B. PHILLIPS, and Jun YU Working Paper

Bound estimator of HIV prevalence: Application to Malawi, Tomoki FUJII and Denis H. Y. LEUNG Working Paper

Complementarity in Institutional Quality in Bilateral FDI Flows, Pao Li CHANG Working Paper

Is urban food demand in the Philippines different from China?, Tomoki FUJII Working Paper

A Characterization of Single-Peaked Preferences via Random Social Choice Functions, Shurojit CHATTERJI, Arunava SEN, and Huaxia ZENG Working Paper

Asymptotic Distribution and Finite-Sample Bias Correction of QML Estimators for Spatial Dependence Model, Shew Fan LIU and Zhenlin YANG Working Paper

Exchange Rates and Export Structure, Wen-Tai HSU, Yi LU, and Yingke ZHOU Working Paper

Initial-condition free estimation of fixed effects dynamic panel data models, Zhenlin YANG Working Paper

Modified QML Estimation of Spatial Autoregressive Models with Unknown Heteroskedasticity and Nonnormality, Shew Fan LIU and Zhenlin YANG Working Paper

Spatial Patterns and Size Distributions of Cities, Wen-Tai Hsu, Tomoya MORI, and Tony E. SMITH Working Paper

A Combined Approach to the Inference of Conditional Factor Models, Yan LI, Liangjun SU, and Yuewu XU Working Paper

Assessing market failures in export pioneering activities: A structural estimation approach, Shang-Jin WEI, Ziru WEI, and Jianhuan XU Working Paper

Identifying Latent Structures in Panel Data, Liangjun SU, Zhentao SHI, and Peter C. B. PHILLIPS Working Paper

Jackknife Model Averaging for Quantile Regressions, Xun LU and Liangjun SU Working Paper

Minimum Investment Requirements, Financial Market Globalization, and Symmetry Breaking, Haiping ZHANG Working Paper

Shrinkage Estimation of Regression Models with Multiple Structural Changes, Junhui QIAN and Liangjun SU Working Paper

Specification Test for Panel Data Models with Interactive Fixed Effects, Liangjun SU, Sainan JIN, and Yonghui ZHANG Working Paper

Governance Matter: Morningstar Stewardship Grades and Mutual Fund Performance, Xiaping Jerry CAO; Aurobindo Ghosh; Choo Yong, Jeremy GOH; and Wee Seng Ng Working Paper

Bayesian Analysis of Bubbles in Asset Prices, Andras FULOP and Jun YU Working Paper

How Effective Can Ex Post Destruction Alleviate the Hold-up Problem?, Huan WANG, Juyuan ZHANG, and Yi ZHANG Working Paper

Sequential Investment, Hold-up, and Ownership Structure, Juyuan ZHANG and Yi ZHANG Working Paper

Trade and Financial Integration, Extensive Margin, and Income Divergence, Haiping ZHANG Working Paper

A Bayesian Chi-Squared Test for Hypothesis Testing, Yong LI, Xiao-Bin LIU, and Jun YU Working Paper

Adaptive Nonparametric Regression with Conditional Heteroskedasticity, Sainan JIN, Liangjun SU, and Zhijie XIAO Working Paper

Extremal quantile regressions for selection models and the black white wage gap, Xavier D'HAULTFOEUILLE, Arnaud MAUREL, and Yichong ZHANG Working Paper

Self-Exciting Jumps, Learning, and Asset Pricing Implications, Andras FULOP, Junye LI, and Jun YU Working Paper

Interim equilibrium implementation, Takashi KUNIMOTO Working Paper

Dynamic Poverty Decomposition Analysis: An Application to the Philippines, Tomoki FUJII Working Paper

Number of Firms and Price Competition, Kyle Bagwell and Gea Myoung LEE Working Paper

Job Market Signaling with Human Capital Investment, Gea Myoung LEE and Seung Han YOO Working Paper

Nonparametric Testing for Anomaly Effects in Empirical Asset Pricing Models, Sainan JIN, Liangjun SU, and Yonghui ZHANG Working Paper

Specification Testing for Transformation Models, Arthur LEWBEL, Xun LU, and Liangjun SU Working Paper

Submissions from 2013 2013

Identifying Latent Structures in Panel Data, Liangjun SU, Zhentao SHI, and Peter C. B. PHILLIPS Working Paper

Minimum Investment Requirement, Financial Integration and Economic (In)stability: A Refinement to Matsuyama (2004), Haiping ZHANG Working Paper

Quasi-Maximum Likelihood Estimation for Spatial Panel Data Regressions, Zhenlin YANG Working Paper

From coercion to politics to law: The evolution of property rights protection, Fali HUANG Working Paper

Limit Theory for an Explosive Autoregressive Process, Xiaohu WANG and Jun YU Working Paper

Robust virtual implementation with almost complete information, Takashi KUNIMOTO Working Paper

Grandchild Care, Intergenerational Transfers, and Grandparents’ Labor Supply, Christine HO Working Paper

Robust Bayesian model selection, Yong LI and Jun YU Working Paper

Testing for Multiple Bubbles 1: Historical Episodes of Exuberance and Collapse in the S&P 500, Peter C. B. PHILLIPS, Shu-Ping SHI, and Jun YU Working Paper

Testing for Multiple Bubbles 2: Limit Theory of Real Time Detectors, Peter C. B. PHILLIPS, Shu-Ping SHI, and Jun YU Working Paper