Semiparametric Applications in Economic Growth

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dc.contributor.advisorStengos, Thanasis
dc.contributor.authorKoroglu, Mustafa
dc.date.accessioned2017-04-27T16:03:12Z
dc.date.available2017-04-27T16:03:12Z
dc.date.copyright2017-04
dc.date.created2017-04-12
dc.date.issued2017-04-27
dc.degree.departmentDepartment of Economics and Financeen_US
dc.degree.grantorUniversity of Guelphen_US
dc.degree.nameDoctor of Philosophyen_US
dc.degree.programmeEconomicsen_US
dc.description.abstractThis dissertation consists of three essays that deals with estimation of semiparametric regression methods in macroeconomic context. Chapter 1 introduces the building-blocks of the non-/semiparametric regression methods. A literature review is provided to support the estimation methodologies employed in the subsequent chapters. I survey some nonparametric estimation techniques, including (i) the local least squares kernel estimator; (ii) nonparametric series estimator; (iii) estimation of nonparametric models with endogeneity; and (iv) nonparametric estimation of panel data models. I also survey different bootstrapping methods for nonparametric regression methods. In Chapter 2 we consider a spatial Durbin model with unknown functional-coefficients and nonparametric spatial weights. We apply series approximation method to estimate the unknown functional coefficients and spatial weighting functions via a nonparametric two-stage least squares (or 2SLS) estimation method. We illustrate proposed estimation method to re-examine national economic growth by augmenting the conventional Solow economic growth convergence model with unknown spatial interactive structures of the national economy, as well as country-specific Solow parameters, where the spatial weighting functions and Solow parameters are allowed to be a function of geographical distance and the countries' openness to trade, respectively. In Chapter 3 I re-investigate the relationship between public debt and economic growth and try to expose nonlinearity in this link through using an endogenous smooth coefficient approach. I find some evidence of parameter heterogeneity in the debt-growth link that may be governed by the institutional quality of countries. My results show a significant negative effect of public debt on economic growth for the countries with the lowest democracy score and high democracy score.en_US
dc.identifier.urihttp://hdl.handle.net/10214/10327
dc.language.isoenen_US
dc.publisherUniversity of Guelphen_US
dc.rights.licenseAll items in the Atrium are protected by copyright with all rights reserved unless otherwise indicated.
dc.subjectlocal linear regressionen_US
dc.subjectspatial Durbin modelen_US
dc.subjectseries estimatoren_US
dc.subjecteconomic growth convergence modelen_US
dc.subjectfunctional coefficientsen_US
dc.titleSemiparametric Applications in Economic Growthen_US
dc.typeThesisen_US
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