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, 17 ( 3 ): 309 – 362 . Jungmittag , A. ( 2006 ): Innovation Dynamics in the EU: Convergence or Divergence? A Cross-Country Panel Data . Empirical Economics , 31 ( 2

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. — Chu , C. S. ( 2002 ): Unit Root in Panel Data: Asymptotic and Finite Sample Properties . Journal of Econometrics , 108 ( 1 ): 1 – 24 . Levine , R. ( 2005

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Acta Oeconomica
Authors: Ivan Vujačić, Jelica Petrović-Vujačić, Svetozar Tanasković, and Marko Miljković

education will directly lead to enhanced productivity and increased competitiveness. Another article tested this panel data analysis and came to the conclusion that a rise in the HDI led to increased competitiveness ( Talmaciu – Cismas 2016 ). 4.1 Choice of

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methodologically the most similar to this study as they also use the Heckman sample selection model using panel data. 4 Data 4.1 Sample This study uses data from the Korea Longitude Study of Ageing (KLOSA). The data was collected by the Korea Employment Information

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affected profitability negatively. There was a relatively strong positive relationship between market share and profitability. Based on the panel data estimation techniques, the Greek economists Asimakopoulos et al. (2009) identified the significance of

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Evidence from Panel Data in Morocco . World Bank Policy Research Working Paper No. 7031. World Economic Forum ( 2015 ): The Global Gender Gap Report 2015. http://reports.weforum.org/global-gender-gap-report-2015/, accessed: June 17

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. Ranjan , V. – Agrawal , G. ( 2011 ): FDI Inflow Determinants in BRIC Countries: A Panel Data Analysis . International Business Research , 4 ( 4 ): 255 . Rugman , A. M

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-Allocation Criteria with Panel Data . The Economic Journal , 104 ( 425 ): 876 - 882 . Wright , J. ( 2009 ): How Foreign Aid can Foster Democratisation in Authoritarian Regimes

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characteristics of urbanization driven by economic growth – Empirical evidence from provincial panel data . Inquiry Into Economic Issues , ( 5 ), 134 – 140 . Ye , A-jhong ( 2002

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. ( 2003 ): A Panel Data Analysis of Bangladesh’s Trade: The Gravity Model Approach . Proceedings of the 5th Annual Conference of the European Trade Study Group (ETSG2003). 11–13 September, Madrid

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