000148313 001__ 148313
000148313 005__ 20250115160156.0
000148313 0247_ $$2doi$$a10.3390/econometrics12040036
000148313 0248_ $$2sideral$$a141722
000148313 037__ $$aART-2024-141722
000148313 041__ $$aeng
000148313 100__ $$aHerce, Álvaro
000148313 245__ $$aInstrument selection in panel data models with endogeneity: a Bayesian approach
000148313 260__ $$c2024
000148313 5060_ $$aAccess copy available to the general public$$fUnrestricted
000148313 5203_ $$aThis paper proposes the use of Bayesian inference techniques to search for and obtain valid instruments in dynamic panel data models where endogenous variables may exist. The use of Principal Component Analysis (PCA) allows for obtaining a reduced number of instruments in comparison to the high number of instruments commonly used in the literature, and Monte Carlo Markov Chain (MCMC) methods enable efficient exploration of the instrument space, deriving accurate point estimates of the elements of interest. The proposed methodology is illustrated in a simulated case and in an empirical application, where the partial effect of a series of determinants on the attraction of international bank flows is quantified. The results highlight the importance of promoting and developing the private sector in these economies, as well as the importance of maintaining good levels of creditworthiness.
000148313 536__ $$9info:eu-repo/grantAgreement/ES/DGA/S41-23R
000148313 540__ $$9info:eu-repo/semantics/openAccess$$aby$$uhttp://creativecommons.org/licenses/by/3.0/es/
000148313 655_4 $$ainfo:eu-repo/semantics/article$$vinfo:eu-repo/semantics/publishedVersion
000148313 700__ $$0(orcid)0000-0002-5788-6661$$aSalvador, Manuel$$uUniversidad de Zaragoza
000148313 7102_ $$14014$$2623$$aUniversidad de Zaragoza$$bDpto. Economía Aplicada$$cÁrea Métodos Cuant.Econ.Empres
000148313 773__ $$g12, 34 (2024), 35$$pEconometrics$$tEconometrics$$x2225-1146
000148313 8564_ $$s2846173$$uhttps://zaguan.unizar.es/record/148313/files/texto_completo.pdf$$yVersión publicada
000148313 8564_ $$s2619953$$uhttps://zaguan.unizar.es/record/148313/files/texto_completo.jpg?subformat=icon$$xicon$$yVersión publicada
000148313 909CO $$ooai:zaguan.unizar.es:148313$$particulos$$pdriver
000148313 951__ $$a2025-01-15-15:07:04
000148313 980__ $$aARTICLE