Richard Blundell
University College London
503 Papers
10.4K Citations
Richard Blundell is an academic researcher from University College London. The author has contributed to research in topics: Labour supply & Consumption (economics). The author has an hindex of 93, co-authored 487 publications. Previous affiliations of Richard Blundell include University of Trento & National Research University – Higher School of Economics.
Chat about Author
Papers
Initial conditions and moment restrictions in dynamic panel data models
Richard Blundell,Stephen Bond +1 more
TL;DR: In this paper, two alternative linear estimators that are designed to improve the properties of the standard first-differenced GMM estimator are presented. But both estimators require restrictions on the initial conditions process.
21.4K
•Posted Content
Initial conditions and moment restrictions in dynamic panel data models
Richard Blundell,Stephen Bond +1 more
TL;DR: In this paper, the autoregressive error components model was extended with a linear generalized method of moments (GMM) estimator, which was shown to be equivalent to the optimal GMM estimator for the normal homoskedastic error component model.
18.1K
GMM Estimation with persistent panel data: an application to production functions
Richard Blundell,Stephen Bond +1 more
TL;DR: In this article, the estimation of Cobb-Douglas production functions using panel data covering a large sample of companies observed for a small number of time periods was considered, and the additional instruments used in the extended GMM estimator yield much more reasonable parameter estimates.
2.4K
Competition and Innovation: an Inverted-U Relationship
TL;DR: In this article, the authors investigate the relationship between product market competition and innovation and find strong evidence of an inverted-U relationship using panel data, where competition discourages laggard firms from innovating but encourages neck-and-neck firms to innovate.
Competition and Innovation: An Inverted U Relationship
Philippe Aghion,Nicholas Bloom,Richard Blundell,Rachel Griffith,P. Howitt +4 more
- 07 Jun 2004
TL;DR: The relationship between product market competition and innovation exhibits an inverted-U pattern. Competition discourages laggard firms from innovating, but encourages neck-and-neck firms to innovate.
2.1K