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Acta Oeconomica
Authors: Mirjana Gligorić Matić, Biljana Jovanović Gavrilović, and Nenad Stanišić

cross-sectional and panel data analysis. In both models the LPI growth rates or its pillars’/dimensions’ growth rates are regressed against their initial level. If convergence exists, the initial value of LPI or their pillars/dimensions should be

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Benjamin, C. — Phimister, E. (2002): Does Capital Market Structure Affect Farm Investment? A Comparison Using French and British Farm-level Panel Data. American Journal of Agricultural Economics , 84: 1115

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Wooldridge, J. M. (2002): Econometric Analysis of Cross Section and Panel Data . Cambridge: The MIT Press. Wooldridge J. M. Econometric Analysis of Cross

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. Levin , A. – Lin , C. – Chu , C. ( 2002 ): Unit Root Tests in Panel Data: Asymptotic and Finite Sample Properties . Journal of Econometrics 108 ( 1 ): 1 – 24 . Lichtenberg

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. – Sosvilla-Rivero , S. – del Carmen Ramos-Herrera , M. ( 2014 ): An Update on EMU Sovereign Yield Spread Drivers in Times of Crisis: A Panel Data Analysis . The North American Journal of Economics and Finance , 30 : 133 – 153

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unemployment. We aim to analyse this relationship on the level of the European Union Member States (EU-28) for the period between 2006 and 2018 using a panel data regression approach. The sample was split into sub-samples in order to get more homogeneous groups

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. J M Wooldridge 2001 Econometric analysis of cross section and panel data MIT Press Cambridge, MA .

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Instruments , 15 ( 4 ): 159 – 199 . 10.1111/j.1468-0416.2006.00116.x de Haas , R. – van Lelyveld , I. ( 2006 ): Foreign Banks and Credit Stability in Central and Eastern Europe. A Panel Data Analysis . Journal of Banking and Finance , 30 ( 7 ): 1927

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Labour-market analysis places much emphasis on the concept of search. But there is insufficient empirical information on (a) the relationship between reported job-search and job-finding and (b) how search behaviour changes over a spell without work. We investigate these issues using a sample constructed from Hungarian labour-force survey panel data of the flow from jobs to the state of “joblessness”. The results on job exits call into question aspects of the standard international classification of “unemployment”and being “out of the labour force”. Transitions during joblessness in and out of search and among the various categories of non-search are found to be only modest.

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China has persevered its market-oriented economic transition since 1978. In this paper, we use the provincial-level NERI Index of Marketization from 1997 to 2014 and a panel data model to investigate the quantitative contribution of market-oriented reforms to China’s total factor productivity (TFP) and economic growth. Our results indicate that marketization reforms contributed 1.3 percentage points to China’s annual economic growth rate and accounted for 35 percent of the increase in TFP. This means that the institutional reforms significantly improved resource allocation. However, economic transition in China has not yet been completed and sustainability of future growth will depend on further market-oriented reforms.

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