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題名 民主會影響經濟成長嗎?追蹤資料分量迴歸的應用
Does democracy affect economic growth? a panel quantile analysis作者 蕭宇翔 貢獻者 林馨怡
蕭宇翔關鍵詞 民主
經濟成長
經濟波動
分量迴歸
追蹤資料日期 2010 上傳時間 5-Sep-2013 14:20:53 (UTC+8) 摘要 本論文以分量迴歸估計方法探討民主與經濟發展的關係,\n在政治民主對經濟成長的影響上,使用全世界78國1960-2008年的年資料並以追蹤資料分量迴歸方法進行分析,\n實證結果發現民主對經濟成長的影響具非線性的關係,\n且在經濟成長率高時呈正U型的影響,而在低經濟成長時兩者呈倒U型關係。此結果顯示在經濟繁榮時民主透過競租行為影響經濟較為嚴重,\n反之經濟蕭條時,再分配政策產生的負面效果較為明顯。另一方面,本文以動態追蹤資料分量迴歸分法分析民主政治對經濟波動的影響,\n分析全世界82國在1960-2008年的追蹤資料,發現民主在經濟波動越劇烈時,穩定經濟的效果愈強且顯著,\n而在經濟穩定時,則為不顯著的正向影響。實證結果支持Rodrik (1999a,2000b)的理論,在經濟波動越劇烈的國家,\n民主政治越能透過政治和解來穩定經濟波動。 參考文獻 Acemoglu, D. and Robinson, J. A.(2000).\nWhy Did the West Extend the Franchise? Democracy, Inequality and Growth in Historical Perspective.\nQuarterly Journal of Economics, 115 ,1167--1199.\n\nAcemoglu, D. and Zilibotti, F. (1997).\nWas Prometheus Unbound by Chance? Risk, Diversification, and Growth.\nJournal of Political Economy, 105, 709--751.\n\nAcemoglu, D., Johnson, S. and Robinson, J. A.(2001).\nThe Colonial Origin of Comparative Development: An Empirical Investigation.\nAmerican Economic Review, 91 ,1369--1401.\n\nAcemoglu, D., Johnson, S., Robinson, J. and Thaicharoen, Y. (2003).\nInstitutional Causes, Macroeconomic Symptoms: Volatility, Crises and Growth.\nJournal of Monetary Economics, 50 ,49--123.\n\nAcemoglu, D., Johnson, S., Robinson, J. A., and Yared, P. (2008).\nIncome and Democracy.\nAmerican Economic Review, 98 ,808--842.\n\nAlesina, A. and Rodrik. D. (1994).\nDistributive Politics and Economic Growth.\nQuarterly Journal of Economics, 109 ,465--490.\n\nAlesina, A., Devleeschauwer, A., Easterly, W., Kurlat, S. and Wacziarg, R. (2003).\nFractionalization.\nJournal of Economic Growth, 8 ,155--194.\n\nAlmeida, H. and Ferreira, D. (2002).\nDemocracy and the Variablity of Economic Performance.\nEconomics and Politics, 14, 225--257.\n\nAmemiya, T. (1982).\nTwo Stage Least Absolute Deviations Estimators.\nEconometrica, 50, 689--711.\n\nArellano, M. and Bond, S. (1991).\nSome Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations.\nReview of Economic Studies, 58, 277--297.\n\nBardhan, P. (1993).\nSymposium on Democracy and Development.\nJournal of Economic Perspectives, 7, 45--49.\n\nBarlevy, G. and Tsiddon, D. (2006).\nEarnings Inequality and the Business Cycle.\nEuropean Economic Review, 50, 55--89.\n\nBarro, R. J. (1996).\nDemocracy and Growth.\nJournal of Economic Growth, 1, 1--27.\n\nBarro, R. J. (1997).\nDeterminants of Economic Growth: A Cross-Country Empirical Study.\nCambridge,MA: MIT Press.\n\nBarro, R. J. (1999).\nDeterminants of Democracy.\nJournal of Political Economy, 107, 158--184.\n\nBarro, R. J. (2000).\nInequality and Growth in a Panel of Countries.\nJournal of Economic Growth, 5, 5--32.\n\nBarro, R. J. and Lee, J.W. (2010).\nA New Data Set of Educational Attainment in the World, 1950-2010.\nNational Bureau of Economic Research, Working Paper No.15902. (http://www.barrolee.com/)\n\nBaum, M. A. and Lake, D. A. (2003).\nThe Political Economy of Growth: Democracy and Human Capital.\nAmerican Journal of Political Science, 47, 333--347.\n\nBecker, G. S. and Barro, R. J. (1988).\nA Reformulation of the Economic Theory of Fertility?\nQuarterly Journal of Economics, 103, 1--25.\n\nBluedorn, J. C. (2001).\nCan Democracy Help? Growth and Ethnic Division.\nEconomics Letters, 70, 121--126.\n\nBlundell, R., and Bond, S. (1998).\nInitial Conditions and Moment Restrictions in Dynamic Panel Data Models.\nJournal of Econometrics, 87, 115--143.\n\nBollen, K. A. (1990).\nPolitical Democracy: Conceptual and Measurement Traps.\nStudies in Comparative International Development, 25, 7--24.\n\nBremmer, I. (2006).\nThe J Curve: A New Way to Understand Why Nations Rise and Fall.\nNew York: Simon and Schuster.\n\nChernozhukov, V. and Hansen, C. (2005).\nAn IV Model of Quantile Treatment Effects.\nEconometrica, 73, 245--261.\n\nChernozhukov, V. and Hansen, C. (2006).\nInstrumental Quantile Regression Inference for Structural and Treatment Effect Models.\nJournal of Econometrics, 132, 491--525.\n\nChernozhukov, V. and Hansen, C. (2008).\nInstrumental Variable Quantile Regression: A Robust Inference Approach.\nJournal of Econometrics, 142, 379--398.\n\nChua, A. (2002).\nWorld on Fire: How Exporting Free Market Democracy Breeds Ethnic Hatred and Global Instability.\nNew York: Doubleday.\n\nCuberes, D. and Jerzmanowski, M. (2009).\nDemocracy, Diversification and Growth Reversals.\nEconomic Journal, 119, 1270--1302.\n\nDoucouliagos, H. and Ulubasoglu, M. A. (2008).\nDemocracy and Economic Growth: A Meta-Analysis.\nAmerican Journal of Political Science, 52, 61--83.\n\nEasterly, W. (2001).\nCan Institutions Resolve Ethnic Conflict?\nEconomic Development and Cultural Change, 49, 687--706.\n\nEasterly, W. and Kraay, A. (2000).\nSmall States, Small Problems? Income, Growth, and Volatility in Small States.\nWorld Development, 28, 2013--2027.\n\nEasterly, W. and Levine, R. (1997).\nAfrica`s Growth Tragedy: Policies and Ethnic Divisions.\nQuarterly Journal of Economics, 112, 1203--1250.\n\nEasterly, W., Islam, R., and Stiglitz, J. (2000).\nExplaining Growth Volatility.\nWorld Bank Working Paper, 04/13.\n\nGalvao, A. and Mones-Rojas, G. (2010).\nPenalized Quantile Regression for Dynamic Panel Data.\nJournal of Statistical Planning and Inference, 140, 3476--3497.\n\nGastil, R. D. (1991).\nThe Comparative Survey of Freedom: Experiences and Suggestions?\nIn Alex Inkeles (ed.), On Measuring Democracy. New Brunswick, NJ: Transaction Publishers.\n\nGiavazzi, F. and Tabellini, G. (2005).\nEconomic and Political Liberalization.\nJournal of Monetary Economics, 52, 1297--1330.\n\nHelliwell, J. F. (1994).\nEmpirical Linkages Between Democracy and Economic Growth.\nBritish Journal of Political Science, 24, 225--248.\n\nHoltz-Dakin, D., Newey, W. and Rosen, H. (1988).\nEstimating Vecter Antorefression With Panel Data.\nEconometrica, 56, 1371--1395.\n\nHuntington, S. P. (1993).\nThe Third Wave: Democratization in the Late Twentieth Century.\nOklahoma: University of Oklahoma Press.\n\nIm, K. S., Pesaram, M. H. and Shin, Y. (2003).\nTesting for Unit Roots in Heterogeneous Panels.\nJournal of Econometrics, 115, 53--74.\n\nKaplan, R. D. (2000).\nThe Coming Anarchy: Shattering the Dreams of the Post Cold War.\nNew York: Random House.\n\nKlomp, J. and Haan, J. D. (2009).\nPolitical Institutions and Economic Volatility.\nEuropean Journal of Political Economy, 25, 311--326.\n\nKoenker, R. (2004).\nQuantile Regression for Longitudinal Data.\nJournal of Multivariate Analysis, 91, 74--89.\n\nKoenker, R. and Bassett, G.(1978).\nRegression Quantiles.\nEconometrica, 46, 33--50.\n\nKoenker, R. and Bassett, G.(1982).\nRobust Tests for Heteroscedasticity Based on Regression Quantiles.\nEconometrica, 50, 43--61.\n\nLane, P. R. and Tornell, A. (1996).\nPower, Growth, and the Voracity Effect.\nJournal of Economic Growth, 1, 213--241.\n\nLevin, A., Lin, C. and Chu, C. (2002).\nRecent Advances in Quantile Regression Models: a Practical Guideline for Empirical Research.\nJournal of Econometrics, 108, 1--24.\n\nLevine, R. and Renelt, D. (1992).\nA Sensitivity Analysis of Cross-Country Growth Regressions.\nAmerican Economic Review, 82, 942--963.\n\nLin, H. (2010).\nEndogeneity in Panel Data Quantile Regression Models: a Fitted Value Approach.\nmimeo, National Chengchi University.\n\nLipset, S. M. (1959).\nSome Social Requisites of Democracy: Economic Development and Political Legitimacy.\nAmerican Political Science Review, 53, 69--105.\n\nMobarak, A. M. (2005).\nDemocracy, Volatility, and Economic Development.\nReview of Economics and Statistics, 87, 348--361.\n\nMohtadi, H. and Roe, T. L. (2003).\nDemocracy, Rent Seeking, Public Spending and Growth.\nJournal of Public Economics, 87, 445--446.\n\nOlson, M. (1993).\nDictatorship, Democracy, and Development.\nAmerican Political Science Review, 87, 567--575.\n\nPapaioannou, E. and Siourunis, G. (2008a).\nDemocratisation and Growth.\nEconomic Journal, 118, 1520--1551.\n\nPapaioannou, E. and Siourunis, G. (2008b).\nEconomic and Social Factors Driving the Third Wave of Democratization.\nJournal of Comparative Economics, 36, 365--387.\n\nPersson, T. and Tabellini, G. (1994).\nIs Inequality Harmful for Growth? Theory and Evidence?\nAmerican Economic Review, 84, 600--621.\n\nPersson, T. and Tabellini, G. (2006).\nDemocracy and Development: The Devil in the Details.\nAmerican Economic Review, Papers and Proceedings, 96, 319--324.\n\nPersson, T. and Tabellini, G. (2009).\nDemocratic Capital: The Nexus of Political and Economic Change.\nAmerican Economic Journal: Macroeconomics, 2, 88--126.\n\nPersson, T. and Tabellini, G. (2007).\nThe Growth Effect of Democracy: Is It Heterogenous and How Can It Be Estimated?\nNational Bureau of Economic Research, Working Paper No. 13150.\n\nPolity IV (2009).\nPolitical Regime Characteristics and Transitions, 1800-2009.\nCollege Park: University of Maryland. (http://www.systemicpeace.org/polity/polity4.htm)\n\nPowell, J. (1983).\nThe Asymptotic Normality of Two-Stage Least Absolute Deviations Estimators.\nEconometrica, 51, 1569--1576.\n\nPrzeworski, A. and Limongi, F. (1993).\nPolitical Regimes and Economic Growth.\nJournal of Economic Perspectives, 7, 51--69.\n\nQuinn, D. P. and Woolley, J. T. (2001).\nDemocracy and National Economic Performance: The Preference for Stability.\nAmerican Journal of Political Science, 45, 634--657.\n\nRodrik, D. (1999a).\nWhere Did All the Growth Go? External Shocks, Social Conflict, and Growth Collapses.\nJournal of Economic Growth, 4, 385--412.\n\nRodrik, D. (1999b)\nDemocracy Pay Higher Wage.\nQuarterly Journal of Economics, 90, 707--738.\n\nRodrik, D. (2000a).\nInstitutions for High-Quality Growth: What They Are and How to Acquire Them.\nStudies in Comparative International Development, 35, 1--33.\n\nRodrik, D. (2000b).\nParticipatory Politics, Social Cooperation, and Economic Stability.\nAmerican Economic Review, Papers and Proceedings, 90, 140--144.\n\nRodrik, D. and Wacziarg, R. (2005).\nDo Democratic Transitions Produce Bad Economic Outcomes?\nAmerican Economic Review, Papers and Proceedings, 95, 50--55.\n\nRoss, M. L. (2001).\nDoes Oil Hinder Democracy?\nWorld Politics 53, 225--361.\n\nSah, R. K. (1991).\nFallibility in Human Organizations and Political Systems.\nJournal of Economic Perspectives, 5, 67--88.\n\nScully, G. W. (1988).\nThe Institutional Framework and Economic Development.\nJournal of Political Economy, 96, 652--662.\n\nTavares, T. and Wacziarg, R. (2001).\nHow Democracy Affects Growth.\nEuropean Economic Review, 45, 1341--1378.\n\nTornell, A. and Lane, P. R. (1999).\nThe Voracity Effect.\nAmerican Economic Review, 89, 22--46.\n\nYang, B. (2008).\nDoes Democracy Lower Growth Volatility? A Dynamic Panel Analysis.\nJournal of Macroeconomics, 30, 562--574.\n\nZakaria, F. (2003).\nThe Future of Freedom: Illiberal Democracy at Home and Abroad.\nNew York: Norton. 描述 碩士
國立政治大學
經濟學系
98258025
99資料來源 http://thesis.lib.nccu.edu.tw/record/#G0098258025 資料類型 thesis dc.contributor.advisor 林馨怡 zh_TW dc.contributor.author (Authors) 蕭宇翔 zh_TW dc.creator (作者) 蕭宇翔 zh_TW dc.date (日期) 2010 en_US dc.date.accessioned 5-Sep-2013 14:20:53 (UTC+8) - dc.date.available 5-Sep-2013 14:20:53 (UTC+8) - dc.date.issued (上傳時間) 5-Sep-2013 14:20:53 (UTC+8) - dc.identifier (Other Identifiers) G0098258025 en_US dc.identifier.uri (URI) https://ah.lib.nccu.edu.tw/item?item_id=68019 - dc.description (描述) 碩士 zh_TW dc.description (描述) 國立政治大學 zh_TW dc.description (描述) 經濟學系 zh_TW dc.description (描述) 98258025 zh_TW dc.description (描述) 99 zh_TW dc.description.abstract (摘要) 本論文以分量迴歸估計方法探討民主與經濟發展的關係,\n在政治民主對經濟成長的影響上,使用全世界78國1960-2008年的年資料並以追蹤資料分量迴歸方法進行分析,\n實證結果發現民主對經濟成長的影響具非線性的關係,\n且在經濟成長率高時呈正U型的影響,而在低經濟成長時兩者呈倒U型關係。此結果顯示在經濟繁榮時民主透過競租行為影響經濟較為嚴重,\n反之經濟蕭條時,再分配政策產生的負面效果較為明顯。另一方面,本文以動態追蹤資料分量迴歸分法分析民主政治對經濟波動的影響,\n分析全世界82國在1960-2008年的追蹤資料,發現民主在經濟波動越劇烈時,穩定經濟的效果愈強且顯著,\n而在經濟穩定時,則為不顯著的正向影響。實證結果支持Rodrik (1999a,2000b)的理論,在經濟波動越劇烈的國家,\n民主政治越能透過政治和解來穩定經濟波動。 zh_TW dc.description.tableofcontents 1 緒論 1\n2 文獻回顧 4\n2.1 民主政治影響經濟成長..............................4\n2.2 民主政治影響經濟波動.............................10\n3 計量方法 17\n3.1 分量迴歸.........................................17\n3.2 工具變數分量迴歸.................................18\n3.3 追蹤資料分量迴歸的內生應問題.....................20\n3.4 動態追蹤分量迴歸.................................24\n4 民主政治影響經濟成長實證結果 26\n4.1 資料.............................................26\n4.1.1 樣本資料與敘述統計量...........................26\n4.1.2 民主的衡量.....................................32\n4.2 基本結果.........................................32\n4.3 加入其他變數.....................................37\n4.4 考慮內生性問題...................................42\n4.5 OECD國家與非OECD國家.............................47\n4.6 撒哈拉沙漠以南國家...............................50\n4.7 不同時期.........................................52\n5 民主政治影響經濟波動實證結果 57\n5.1 資料.............................................57\n5.2 基本結果.........................................60\n5.3 不同工具變數.....................................64\n5.4 加入其他變數.....................................66\n5.5 OECD國家與非OECD國家.............................71\n5.6 撒哈拉沙漠以南國家...............................74\n5.7 不同時期.........................................76\n6 結論 81\n參考文獻.............................................83\nA 民主政治影響經濟成長 國家樣本資料..................87\nB 民主政治影響經濟成長 依國家性質區分樣本資料........90\nC 民主政治影響經濟成長 資料來源及說明................91\nD 民主政治影響經濟波動 國家樣本資料..................93\nE 民主政治影響經濟波動 依國家性質區分樣本資料........97\nF 民主政治影響經濟波動 資料來源及說明................98 zh_TW dc.format.extent 1668673 bytes - dc.format.mimetype application/pdf - dc.language.iso en_US - dc.source.uri (資料來源) http://thesis.lib.nccu.edu.tw/record/#G0098258025 en_US dc.subject (關鍵詞) 民主 zh_TW dc.subject (關鍵詞) 經濟成長 zh_TW dc.subject (關鍵詞) 經濟波動 zh_TW dc.subject (關鍵詞) 分量迴歸 zh_TW dc.subject (關鍵詞) 追蹤資料 zh_TW dc.title (題名) 民主會影響經濟成長嗎?追蹤資料分量迴歸的應用 zh_TW dc.title (題名) Does democracy affect economic growth? a panel quantile analysis en_US dc.type (資料類型) thesis en dc.relation.reference (參考文獻) Acemoglu, D. and Robinson, J. A.(2000).\nWhy Did the West Extend the Franchise? Democracy, Inequality and Growth in Historical Perspective.\nQuarterly Journal of Economics, 115 ,1167--1199.\n\nAcemoglu, D. and Zilibotti, F. (1997).\nWas Prometheus Unbound by Chance? Risk, Diversification, and Growth.\nJournal of Political Economy, 105, 709--751.\n\nAcemoglu, D., Johnson, S. and Robinson, J. A.(2001).\nThe Colonial Origin of Comparative Development: An Empirical Investigation.\nAmerican Economic Review, 91 ,1369--1401.\n\nAcemoglu, D., Johnson, S., Robinson, J. and Thaicharoen, Y. (2003).\nInstitutional Causes, Macroeconomic Symptoms: Volatility, Crises and Growth.\nJournal of Monetary Economics, 50 ,49--123.\n\nAcemoglu, D., Johnson, S., Robinson, J. A., and Yared, P. (2008).\nIncome and Democracy.\nAmerican Economic Review, 98 ,808--842.\n\nAlesina, A. and Rodrik. D. (1994).\nDistributive Politics and Economic Growth.\nQuarterly Journal of Economics, 109 ,465--490.\n\nAlesina, A., Devleeschauwer, A., Easterly, W., Kurlat, S. and Wacziarg, R. (2003).\nFractionalization.\nJournal of Economic Growth, 8 ,155--194.\n\nAlmeida, H. and Ferreira, D. (2002).\nDemocracy and the Variablity of Economic Performance.\nEconomics and Politics, 14, 225--257.\n\nAmemiya, T. (1982).\nTwo Stage Least Absolute Deviations Estimators.\nEconometrica, 50, 689--711.\n\nArellano, M. and Bond, S. (1991).\nSome Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations.\nReview of Economic Studies, 58, 277--297.\n\nBardhan, P. (1993).\nSymposium on Democracy and Development.\nJournal of Economic Perspectives, 7, 45--49.\n\nBarlevy, G. and Tsiddon, D. (2006).\nEarnings Inequality and the Business Cycle.\nEuropean Economic Review, 50, 55--89.\n\nBarro, R. J. (1996).\nDemocracy and Growth.\nJournal of Economic Growth, 1, 1--27.\n\nBarro, R. J. (1997).\nDeterminants of Economic Growth: A Cross-Country Empirical Study.\nCambridge,MA: MIT Press.\n\nBarro, R. J. (1999).\nDeterminants of Democracy.\nJournal of Political Economy, 107, 158--184.\n\nBarro, R. J. (2000).\nInequality and Growth in a Panel of Countries.\nJournal of Economic Growth, 5, 5--32.\n\nBarro, R. J. and Lee, J.W. (2010).\nA New Data Set of Educational Attainment in the World, 1950-2010.\nNational Bureau of Economic Research, Working Paper No.15902. (http://www.barrolee.com/)\n\nBaum, M. A. and Lake, D. A. (2003).\nThe Political Economy of Growth: Democracy and Human Capital.\nAmerican Journal of Political Science, 47, 333--347.\n\nBecker, G. S. and Barro, R. J. (1988).\nA Reformulation of the Economic Theory of Fertility?\nQuarterly Journal of Economics, 103, 1--25.\n\nBluedorn, J. C. (2001).\nCan Democracy Help? Growth and Ethnic Division.\nEconomics Letters, 70, 121--126.\n\nBlundell, R., and Bond, S. (1998).\nInitial Conditions and Moment Restrictions in Dynamic Panel Data Models.\nJournal of Econometrics, 87, 115--143.\n\nBollen, K. A. (1990).\nPolitical Democracy: Conceptual and Measurement Traps.\nStudies in Comparative International Development, 25, 7--24.\n\nBremmer, I. (2006).\nThe J Curve: A New Way to Understand Why Nations Rise and Fall.\nNew York: Simon and Schuster.\n\nChernozhukov, V. and Hansen, C. (2005).\nAn IV Model of Quantile Treatment Effects.\nEconometrica, 73, 245--261.\n\nChernozhukov, V. and Hansen, C. (2006).\nInstrumental Quantile Regression Inference for Structural and Treatment Effect Models.\nJournal of Econometrics, 132, 491--525.\n\nChernozhukov, V. and Hansen, C. (2008).\nInstrumental Variable Quantile Regression: A Robust Inference Approach.\nJournal of Econometrics, 142, 379--398.\n\nChua, A. (2002).\nWorld on Fire: How Exporting Free Market Democracy Breeds Ethnic Hatred and Global Instability.\nNew York: Doubleday.\n\nCuberes, D. and Jerzmanowski, M. (2009).\nDemocracy, Diversification and Growth Reversals.\nEconomic Journal, 119, 1270--1302.\n\nDoucouliagos, H. and Ulubasoglu, M. A. (2008).\nDemocracy and Economic Growth: A Meta-Analysis.\nAmerican Journal of Political Science, 52, 61--83.\n\nEasterly, W. (2001).\nCan Institutions Resolve Ethnic Conflict?\nEconomic Development and Cultural Change, 49, 687--706.\n\nEasterly, W. and Kraay, A. (2000).\nSmall States, Small Problems? Income, Growth, and Volatility in Small States.\nWorld Development, 28, 2013--2027.\n\nEasterly, W. and Levine, R. (1997).\nAfrica`s Growth Tragedy: Policies and Ethnic Divisions.\nQuarterly Journal of Economics, 112, 1203--1250.\n\nEasterly, W., Islam, R., and Stiglitz, J. (2000).\nExplaining Growth Volatility.\nWorld Bank Working Paper, 04/13.\n\nGalvao, A. and Mones-Rojas, G. 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D. (2000).\nThe Coming Anarchy: Shattering the Dreams of the Post Cold War.\nNew York: Random House.\n\nKlomp, J. and Haan, J. D. (2009).\nPolitical Institutions and Economic Volatility.\nEuropean Journal of Political Economy, 25, 311--326.\n\nKoenker, R. (2004).\nQuantile Regression for Longitudinal Data.\nJournal of Multivariate Analysis, 91, 74--89.\n\nKoenker, R. and Bassett, G.(1978).\nRegression Quantiles.\nEconometrica, 46, 33--50.\n\nKoenker, R. and Bassett, G.(1982).\nRobust Tests for Heteroscedasticity Based on Regression Quantiles.\nEconometrica, 50, 43--61.\n\nLane, P. R. and Tornell, A. (1996).\nPower, Growth, and the Voracity Effect.\nJournal of Economic Growth, 1, 213--241.\n\nLevin, A., Lin, C. and Chu, C. (2002).\nRecent Advances in Quantile Regression Models: a Practical Guideline for Empirical Research.\nJournal of Econometrics, 108, 1--24.\n\nLevine, R. and Renelt, D. 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