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1

Econometrics Links  

NSDL National Science Digital Library

The econometriclinks.com website is a collection of Econometric Links offered by the Econometrics Journal. The links covered include time series analysis, microeconometrics, labormetrics, cliometrics, finance metrics, risk metrics, credit metrics, crash metrics, pension metrics, analyst metrics, Web metrics, econophysics, environmetrics, spatial econometrics, markometrics, marketing research, customer service metrics, inventory metrics, demand metrics, psychometrics, medicometrics, and other schools of applied statistics related to (inter)human behaviour. (Econometrics theory is not included). The website is intended to support anyone teaching econometrics. The links are organized so that newly added links are listed at the top of the page followed by a section listing Econometricians. The remaining sections provide links to Econometrics papers, such as preprints, articles and dissertations; econometric software; code and data; (metadata) data sources (which are listed alphabetically); news lists; conferences and summer courses, and journals. The entire table of contents can be searched using a Web browser. Visitors are encouraged to email their additions, especially conferences.

2

Conferences with Econometric Interest  

NSDL National Science Digital Library

The Royal Economics Society's Econometrics Journal site lists conferences in econometrics at this Econometric Links section. Forthcoming international conferences currently listed include the Eighth Symposium on Finance, Banking and Insurance in Karlsruhe, Germany, and the METU International Conference in Economics/III in Ankara, Turkey.

1999-01-01

3

New Econometric Methods - Syllabus  

NSDL National Science Digital Library

This course focuses on recent developments in econometrics, especially structural estimation. The topics include nonseparable models, models of imperfect competition, auction models, duration models, and nonlinear panel data. Results are illustrated with economic applications.

Mit

4

Econometrics: A Bird's Eye View  

E-print Network

Econometrics: A Bird’s Eye View? John Geweke, Joel Horowitz, and Hashem Pesaran† November 2006 Abstract As a unified discipline, econometrics is still relatively young and has been transforming and expanding very rapidly over the past few decades...

Geweke, John; Horowitz, Joel; Pesaran, M Hashem

5

Misspecification Tests in Econometrics  

Microsoft Academic Search

Misspecification tests play an important role in detecting unreliable and inadequate economic models. This book brings together many results from the growing literature in econometrics on misspecification testing. It provides theoretical analyses and convenient methods for application. The main emphasis is on the Lagrange multiplier principle, which provides considerable unification, although several other approaches are also considered. The author also

L. G. Godfrey

1988-01-01

6

WORLDWIDE INSTITUTIONAL RANKINGS IN ECONOMETRICS: 1989 1995  

Microsoft Academic Search

This paper updates Hall s (1987, Econometric Theory 3, 171 194; 1990, Econometric Theory 6, 1 16) rankings of academic institutions by publication activity in econometrics over the period 1989 1995. Fifteen leading international journals that publish econometrics articles are used to provide the database. The rankings are based on standardized page counts of articles published in these journals over

Badi H. Baltagi

1998-01-01

7

MULTIMOD Econometric Model  

NSDL National Science Digital Library

Designed by the International Monetary Fund (IMF), MULTIMOD is a modern, dynamic, multi-country macro model of the world economy designed to study the transmission of shocks across countries as well as the short-run and medium-run consequences of alternative monetary and fiscal policies. Country sub-models include the seven largest industrial countries--Canada, France, Germany, Italy, Japan, the UK, and the US--and an aggregate grouping of fourteen smaller industrial nations. Full documentation of the MULTIMOD's current variant, the Mark III Econometric Model, and its sub-models, and downloading instructions are provided as well as a bibliography of articles that either explain Multimod, apply it, or are part of its technical implementation.

1998-01-01

8

New Econometric Methods - Reading List  

NSDL National Science Digital Library

This course focuses on recent developments in econometrics, especially structural estimation. The topics include nonseparable models, models of imperfect competition, auction models, duration models, and nonlinear panel data. Results are illustrated with economic applications.

Mit

9

New methods for econometric inference  

E-print Network

Monotonicity is a key qualitative prediction of a wide array of economic models derived via robust comparative statics. It is therefore important to design effective and practical econometric methods for testing this ...

Chetverikov, D. N. (Denis Nikolaevich)

2013-01-01

10

Econometrics, Volume 1: Econometric Modeling of Producer Behavior  

Microsoft Academic Search

The objectives of econometric modeling of producer behavior are to determine the nature of substitution among inputs and outputs and of differences in technology, as well as the role of economies of scale in production. Recent advances in methodology, based on the dual formulation of the theory of production in terms of prices, have enabled econometricians to achieve these objectives

Dale W. Jorgenson

11

Estimation and Inference in Econometrics  

Microsoft Academic Search

Offering a unifying theoretical perspective not readily available in any other text, this innovative guide to econometrics uses simple geometrical arguments to develop students' intuitive understanding of basic and advanced topics, emphasizing throughout the practical applications of modern theory and nonlinear techniques of estimation. One theme of the text is the use of artificial regressions for estimation, reference, and specification

Russell Davidson; James G. MacKinnon

1993-01-01

12

14.32 Econometrics, Spring 2003  

E-print Network

Introduction to econometric models and techniques, emphasizing regression. Advanced topics include instrumental variables, panel data methods, measurement error, and limited dependent variable models. Includes problem sets. ...

Angrist, Joshua David

13

Essays in econometrics and random matrix theory  

E-print Network

This dissertation develops new econometric procedures for the analysis of high-dimensional datasets commonly encountered in finance, macroeconomics or industrial organization. First, I show that traditional approaches to ...

Harding, Matthew C

2007-01-01

14

Multivariate Linear Regression Model Based on Fuzzy Variable in Econometrics  

Microsoft Academic Search

Econometrics is based on economic data while the data represented by fuzzy sets can not be dealt with classical time series methods. In this paper the author proposes a new kind of variable named fuzzy variable of econometric model based on fuzzy membership function. The gap between fuzzy mathematics and econometrics is connected by the concept of fuzzy variable. An

Zou Kaiqi; Zhou Xiaoyue; Liu Ying

2009-01-01

15

Operator trigonometry of statistics and econometrics  

Microsoft Academic Search

A new and useful geometric point of view for the understanding and analysis of certain matrix methods as they are used in statistics and econometrics is presented. Applications to statistical efficiency, parameter estimation, and correlation theory are given. In particular we show that worst case relative least squares efficiency, although achieved by maximally inefficient regressors, is also achieved by maximal

Karl Gustafson

2002-01-01

16

Pulling Econometrics Students up by Their Bootstraps  

ERIC Educational Resources Information Center

Although the concept of the sampling distribution is at the core of much of what we do in econometrics, it is a concept that is often difficult for students to grasp. The thought process behind bootstrapping provides a way for students to conceptualize the sampling distribution in a way that is intuitive and visual. However, teaching students to…

O'Hara, Michael E.

2014-01-01

17

An econometric analysis of Shanghai office rents  

Microsoft Academic Search

Purpose – Shanghai is the most important economic centre in China. It also has the nation's largest modern office market in terms of floorspace and investment values. However, as with office markets in other cities and countries, the Shanghai market displays rental volatility. This paper aims to examine this issue. Design\\/methodology\\/approach – Rental volatility is examined by econometrically constructing a

Qiulin Ke; Michael White

2009-01-01

18

Econometric models of limit-order executions  

Microsoft Academic Search

We develop and estimate an econometric model of limit-order execution times using survival analysis and actual limit-order data. We estimate versions for time-to-first-fill and time-to-completion for both buy and sell limit orders, and incorporate the effects of explanatory variables such as the limit price, limit size, bid\\/offer spread, and market volatility. Execution times are very sensitive to the limit price,

Andrew W. Lo; A. Craig MacKinlay; June Zhang

2002-01-01

19

Econometric analysis of biomedical research publishing patterns  

Microsoft Academic Search

An econometric-type model was developed that describes the relationship between federal biomedical funding and the number, subject area and research level (clinical to basic) of published papers in biomedical journals. The study covered federal biomedical funding over the period 1962–1979 and biomedical literature counts over the period 1965–1979. A unique feature of the model was the explicit incorporation of the

P. R. McAllister; T. Condon

1985-01-01

20

Essays on medical care using Semiparametric and structural econometrics  

E-print Network

This dissertation consists of an empirical chapter, an econometrics chapter, and a theoretical chapter, all of which advance the study of the price elasticity of expenditure on medical care. In Chapter 1, I estimate the ...

Kowalski, Amanda

2008-01-01

21

Essays in Financial Econometric Investigations of Farmland Valuations  

E-print Network

This dissertation consists of three essays wherein tools of financial econometrics are used to study the three aspects of farmland valuation puzzle: short-term boom-bust cycles, overpricing of farmland, and inconclusive effects of direct government...

Xu, Jin

2013-05-20

22

The Econometrics of High Frequency Data Per A. Mykland and Lan Zhang  

E-print Network

The Econometrics of High Frequency Data Per A. Mykland and Lan Zhang This version: 31 August, 2010 (1994) and Jacod and Protter (1998), and on the econometric side by Foster and Nelson (1996) and Comte

Mykland, Per A.

23

On the calculation of the moments of several econometric estimators  

Microsoft Academic Search

Evaluation of the confluent hypergeometric function by its asymptotic approximation is investigated with reference to the calculation of the exact moments of several econometric estimators.The error involved in utilizing the asymptotic approximation when the argument of the function is finite is derived,thus allowing a simple correction to be made.

A. D. Owen

1977-01-01

24

Does OPEC Matter? An Econometric Analysis of Oil Prices  

Microsoft Academic Search

We assess claims that OPEC's ability to influence real oil prices has diminished and that the relationship between real oil prices and OPEC production can be used to test competing hypotheses about OPEC behavior An econometric analysis indicates that there is a statistically significant relationship among real oil prices, OPEC capacity utilization, OPEC quotas, the degree to which OPEC exceeds

Robert K. Kaufmann; Stephane Dees; Pavlos Karadeloglou; Marcelo Sánchez

2004-01-01

25

Essays on Nonparametric Series Estimation with Application to Financial Econometrics  

E-print Network

S & P 500 and FTSE 100 given Hangseng and Nikkei 225 is also discussed. In the second essay, I extended the semiparametric model by Chen and Fan [X. Chen, Y. Fan, Estimation of copula-based semiparametric time series models, Journal of Econometrics 130...

Chang, Meng-Shiuh

2012-10-19

26

Evaluating the Econometric Evaluations of Training Programs with Experimental Data  

Microsoft Academic Search

This paper takes the results of an employment and training program thatwas run as a field experiment, in which the participants were randomlyassigned into a treatment or a control group, and compares these results to the estimates that might have been produced by an econometrician who evaluated the program using the same econometric procedures that have been used in the

Robert J LaLonde

1986-01-01

27

Econometric Modeling of Gasoline Consumption: A Cointegration Analysis  

Microsoft Academic Search

This article applies econometric models to investigate determinants of gasoline consumption (GC) in postwar Lebanon (1993–1999). The impact of gasoline price (P) and car registration (CR) on gasoline consumption is investigated through three models, namely, the static, autoregressive, and partial adjustment models. Analysis results showed the statistical significance of the price, at the 10% level, in affecting gasoline consumption and

E. A. Badr; G. E. Nasr; G. L. Dibeh

2008-01-01

28

Python for Unified Research in Econometrics and Statistics Roseline Bilina  

E-print Network

Python for Unified Research in Econometrics and Statistics Roseline Bilina Steve Lawford Cornell University ENAC July 27, 2010 Abstract Python is a powerful high-level open source programming language purposes. We motivate the use of Python and its free extension modules for high performance stand

Boyer, Edmond

29

Inequality and Economic Growth: Data Comparisons and Econometric Tests  

Microsoft Academic Search

This paper discusses two issues in the relationship between inequality and economic growth: the data and the econometrics. We first review the inequality data set of Deininger and Squire, which, we argue, fails to provide adequate or accurate longitudinal and cross-country coverage. We then introduce our own measures of the inequality of manufacturing pay, based on the UNIDO Industrial Statistics.

James K. Galbraith; Hyunsub Kum

2002-01-01

30

Prices and Portfolio Choices in Financial Markets: Theory, Econometrics, Experiments  

Microsoft Academic Search

Many tests of asset-pricing models address only the pricing predictions, but these pricing predictions rest on portfolio choice predictions that seem obviously wrong. This paper suggests a new approach to asset pricing and portfolio choices based on unobserved heterogeneity. This approach yields the standard pricing conclusions of classical models but is consistent with very different portfolio choices. Novel econometric tests

Peter Bossaerts; Charles Plott; William R. Zame

2007-01-01

31

Combine Harvester Econometric Model with Forward Speed Optimization  

Microsoft Academic Search

A combine harvester econometric simulation model was developed with the goal of matching the combine forward speed to the maximum harvested net income per acre. The model considers the machinery management costs of owning a combine and platform header for harvesting wwheat.

N. E. Isaac; G. R. Quick; S. J. Birrell; William M. Edwards; B. A. Coers

2006-01-01

32

Causality in Economics and Econometrics An Entry for the New Palgrave Dictionary of Economics  

E-print Network

Causality in Economics and Econometrics An Entry for the New Palgrave Dictionary of Economics Kevin D. Hoover Departments of Economics and Philosophy Duke University Box 90097 Durham, NC 27708;Causality in Economics and Econometrics K.D. Hoover 9 June 2006 Abstract of Causality in Economics

Fitelson, Branden

33

A national econometric forecasting model of the dental sector.  

PubMed Central

The Econometric Model of the the Dental Sector forecasts a broad range of dental sector variables, including dental care prices; the amount of care produced and consumed; employment of hygienists, dental assistants, and clericals; hours worked by dentists; dental incomes; and number of dentists. These forecasts are based upon values specified by the user for the various factors which help determine the supply an demand for dental care, such as the size of the population, per capita income, the proportion of the population covered by private dental insurance, the cost of hiring clericals and dental assistants, and relevant government policies. In a test of its reliability, the model forecast dental sector behavior quite accurately for the period 1971 through 1977. PMID:7461974

Feldstein, P J; Roehrig, C S

1980-01-01

34

Econometric Methods to Analyze Consumer Behavior Using Hypothetical and Non-hypothetical Approaches  

E-print Network

individual heterogeneity in the econometric analysis of consumer valuations. The methodologies used to elicit valuations and gather consumer preferences are hypothetical and non-hypothetical. The statistical tools used to analyze these data include...

Collart Dinarte, Alba Jeanette

2013-11-22

35

Empirical spatial econometric modelling of small scale neighbourhood  

NASA Astrophysics Data System (ADS)

The aim of the paper is to model small scale neighbourhood in a house price model by implementing the newest methodology in spatial econometrics. A common problem when modelling house prices is that in practice it is seldom possible to obtain all the desired variables. Especially variables capturing the small scale neighbourhood conditions are hard to find. If there are important explanatory variables missing from the model, the omitted variables are spatially autocorrelated and they are correlated with the explanatory variables included in the model, it can be shown that a spatial Durbin model is motivated. In the empirical application on new house price data from Helsinki in Finland, we find the motivation for a spatial Durbin model, we estimate the model and interpret the estimates for the summary measures of impacts. By the analysis we show that the model structure makes it possible to model and find small scale neighbourhood effects, when we know that they exist, but we are lacking proper variables to measure them.

Gerkman, Linda

2012-07-01

36

An econometric modeling approach to short-term crude oil price forecasting  

Microsoft Academic Search

In the competitive petroleum markets, oil price forecasting is becoming increasingly relevant to producers and consumers. This paper develops a structural econometric model of the Brent crude spot price using the explanatory variable of defined relative inventory and OPEC production to analyze and forecast short-run oil price. A Hodrick-Prescott filter method presented obtains the relative inventory variables caused by the

Weiqi Li; Linwei Ma; Yaping Dai; Pei Liu

2011-01-01

37

Empiricism in Ecological Economics: Can There be a Predictive Ecological Econometrics?  

Microsoft Academic Search

Economies are open complex adaptive systems far from thermodynamic equilibrium, and neo-classical environmental economics is not the best way to describe the behaviour of such systems. Standard econometric analysis takes a deterministic and predictive approach, which encourages the search for predictive policy to 'correct' environmental problems. Rather, it seems to us that, because of the characteristics of economic systems, an

Jesús Ramos-Martín; John Proops

38

University of California Mathematical and Econometric Modelling of Farm Labor Demand and  

E-print Network

for labor. A significant increase in farm unemployment can be considered an opportunity cost to society-level labor demand function that we estimate using instrumental variables. The data include 30 years of countyUniversity of California Santa Cruz Mathematical and Econometric Modelling of Farm Labor Demand

Mangel, Marc

39

The Anatomy of a Likely Donor: Econometric Evidence on Philanthropy to Higher Education  

ERIC Educational Resources Information Center

In 2011, philanthropic giving to higher education institutions totaled $30.3 billion, an 8.2% increase over the previous year. Roughly, 26% of those funds came from alumni donations. This article builds upon existing economic models to create an econometric model to explain and predict the pattern of alumni giving. We test the model using data…

Lara, Christen; Johnson, Daniel

2014-01-01

40

1 Introduction The hedonic housing price model is a powerful econometric tool for capturing  

E-print Network

1 Introduction The hedonic housing price model is a powerful econometric tool for capturing important determinants of prices/housing values regarding structural and locational (neighborhood)'' (Rosen, 1974, page 44), the hedonic model establishes a formal relationship between housing values/prices

Wei, Yehua Dennis

41

Econometric Methods for Research in Education. NBER Working Paper No. 16003  

ERIC Educational Resources Information Center

This paper reviews some of the econometric methods that have been used in the economics of education. The focus is on understanding how the assumptions made to justify and implement such methods relate to the underlying economic model and the interpretation of the results. We start by considering the estimation of the returns to education both…

Meghir, Costas; Rivkin, Steven G.

2010-01-01

42

A Spatial Econometric Approach to Measuring Pollution Externalities: An Application to Ozone Smog  

E-print Network

A Spatial Econometric Approach to Measuring Pollution Externalities: An Application to Ozone Smog C- ducing ozone smog. 1. Introduction In 1997, eight states in the northeastern United States filed Standard (NAAQS) for ozone smog. These petitions identified 31 states plus the District of Columbia

Lin, C.-Y. Cynthia

43

Structural change in regional economies: A varying coefficients econometric modeling approach  

Microsoft Academic Search

Traditional tools of econometric analysis building rest in almost all cases on the precept that the structure of economy is stable. This asumption is very restrictive in the case of modeling regional economies, where it is very difficult assume that the future will be similar to the past. The objective of this paper is to investigate the effects of structural

Julian Ramajo; Miguel A. Marquez

1998-01-01

44

The Credibility Revolution in Empirical Economics: How Better Research Design is Taking the Con out of Econometrics  

E-print Network

Just over a quarter century ago, Edward Leamer (1983) reflected on the state of empirical work in economics. He urged empirical researchers to “take the con out of econometrics” and memorably observed (p. 37): “Hardly ...

Angrist, Joshua

2010-01-01

45

Forecasting the monthly volume of orders for southern pine lumber - an econometric model  

E-print Network

forecasting equations of the de- mand for Douglas-fir and ponderosa pine lumber were also derived using the regression analysis. Holland carried out two other related studies. The first was concerned with analyzing changes in lumber price and consump...FORECASTING THE MONTHLY VOLUME OF ORDERS FOR SOUTHERN PINE LUMBER - AH ECONOMETRIC MODEL A Thesis by BEN DOUGLAS JACKSON Submitted to the Graduate College of Texas ASM University in Partial fulfillment of the requirement for the degree...

Jackson, Ben Douglas

2012-06-07

46

Econometric comparisons of liquid rocket engines for dual-fuel advanced earth-to-orbit shuttles  

NASA Technical Reports Server (NTRS)

Econometric analyses of advanced Earth-to-orbit vehicles indicate that there are economic benefits from development of new vehicles beyond the space shuttle as traffic increases. Vehicle studies indicate the advantage of the dual-fuel propulsion in single-stage vehicles. This paper shows the economic effect of incorporating dual-fuel propulsion in advanced vehicles. Several dual-fuel propulsion systems are compared to a baseline hydrogen and oxygen system.

Martin, J. A.

1978-01-01

47

Econometrically calibrated computable general equilibrium models: Applications to the analysis of energy and climate politics  

NASA Astrophysics Data System (ADS)

Economy-energy-environment models are the mainstay of economic assessments of policies to reduce carbon dioxide (CO2) emissions, yet their empirical basis is often criticized as being weak. This thesis addresses these limitations by constructing econometrically calibrated models in two policy areas. The first is a 35-sector computable general equilibrium (CGE) model of the U.S. economy which analyzes the uncertain impacts of CO2 emission abatement. Econometric modeling of sectors' nested constant elasticity of substitution (CES) cost functions based on a 45-year price-quantity dataset yields estimates of capital-labor-energy-material input substitution elasticities and biases of technical change that are incorporated into the CGE model. I use the estimated standard errors and variance-covariance matrices to construct the joint distribution of the parameters of the economy's supply side, which I sample to perform Monte Carlo baseline and counterfactual runs of the model. The resulting probabilistic abatement cost estimates highlight the importance of the uncertainty in baseline emissions growth. The second model is an equilibrium simulation of the market for new vehicles which I use to assess the response of vehicle prices, sales and mileage to CO2 taxes and increased corporate average fuel economy (CAFE) standards. I specify an econometric model of a representative consumer's vehicle preferences using a nested CES expenditure function which incorporates mileage and other characteristics in addition to prices, and develop a novel calibration algorithm to link this structure to vehicle model supplies by manufacturers engaged in Bertrand competition. CO2 taxes' effects on gasoline prices reduce vehicle sales and manufacturers' profits if vehicles' mileage is fixed, but these losses shrink once mileage can be adjusted. Accelerated CAFE standards induce manufacturers to pay fines for noncompliance rather than incur the higher costs of radical mileage improvements. Neither policy induces major increases in fuel economy.

Schu, Kathryn L.

48

Micro Econometric Modelling of Household Energy Use: Testing for Dependence between Demand for Electricity and Natural Gas  

Microsoft Academic Search

This paper contains a micro econometric analysis of household electricity and natural gas demand for a cross section of 2,885 Danish households observed in 1996. The sample includes fulltime employed couples in single-family houses. The specification of the model is guided by an explorative nonparametric data analysis. The analysis reveals, among other things, the fairly surprising result that demand for

Søren Leth-Petersen

2002-01-01

49

First-Year Study Success in Economics and Econometrics: The Role of Gender, Motivation, and Math Skills  

ERIC Educational Resources Information Center

In this study, the authors investigate the relationships among gender, math skills, motivation, and study success in economics and econometrics. They find that female students have stronger intrinsic motivation, yet lower study confidence than their male counterparts. They also find weak evidence for a gender gap over the entire first-year…

Arnold, Ivo J. M.; Rowaan, Wietske

2014-01-01

50

The Impact of Global Warming on U.S. Agriculture: An Econometric Analysis of Optimal Growing Conditions  

E-print Network

The Impact of Global Warming on U.S. Agriculture: An Econometric Analysis of Optimal Growing to estimate the potential impacts on farmland values for a range of recent warming scenarios. The predictions A relationship between global warming and increased concentrations of greenhouse gases such as carbon dioxide (CO

Fisher, Anthony C.

51

Econometric Methods for Endogenously Sampled Time Series: The Case of Commodity Price Speculation in the Steel Market  

Microsoft Academic Search

This paper studies the econometric problems associated with estimation of a stochastic process that is endogenously sampled. Our interest is to infer the law of motion of a discrete-time stochastic process {pt} that is observed only at a subset of times {t1,..., tn} that depend on the outcome of a probabilistic sampling rule that depends on the history of the

George Hall; John Rust

2002-01-01

52

The Impact of the Single Market Programme on the Locational Determinants of US Manufacturing Affiliates: An Econometric Analysis  

Microsoft Academic Search

This article analyses the impact of the single market programme (SMP) on the locational determinants of US foreign direct investment (FDI) in the manufacturing sector. The econometric model covers the period 1978-95, a key period in the development of the European single market. As the process of regional integration deepens, some authors have predicted that firms will become more sensitive

Andrew Mold

2003-01-01

53

Econometric Methods for Endogenously Sampled Time Series: The Case of Commodity Price Speculation in the Steel Market  

Microsoft Academic Search

This paper studies the econometric problems associated with estimation of a stochastic process that is endogenously sampled. Our interest is to infer the law of motion of a discrete-time stochastic process p_t that is observed only at a subset of times t_1, ...,t_n that depend on the outcome of a probabilistic sampling rule that depends on the history of the

2001-01-01

54

An econometric analysis of the effects of population change on economic growth: a study of Taiwan.  

PubMed

This study used an econometric model, estimated from time series data, to evaluate the effects of demographic factors on the T aiwanese economy. The simulation results suggest that, in the short run, a stationary population produces significantly higher income per capita than rapid population growth; in the long run, however, rapid population growth produces a slightly higher income per capita. Under assumptions of very low fertility trends, the population size, equivalent adult consumers, and labor force can be expected to grow by no more than 50% in a century, whereas under the very high fertility trend assumptions, they would more than double. The reason that lower fertility populations produce a smaller gross domestic product per capita in the long run than the normal fertility population is that the negative effects of a slower growing labor force dominate the positive effects of a faster growing capital formation. In terms of the present values of annual income per capita, the slow growing population shows considerably better economic performance. Given the immediate economic advantages of lower fertility, it is important for developing countries with high birth rates to reduce fertility in order to produce higher per capita income effects and break out of poverty. It is considered of little importance that the slow growing populations eventually produce slightly smaller per capita. PMID:12340242

Tung, S L

1984-08-01

55

Explaining regional variations in health care utilization between Swiss cantons using panel econometric models  

PubMed Central

Background In spite of a detailed and nation-wide legislation frame, there exist large cantonal disparities in consumed quantities of health care services in Switzerland. In this study, the most important factors of influence causing these regional disparities are determined. The findings can also be productive for discussing the containment of health care consumption in other countries. Methods Based on the literature, relevant factors that cause geographic disparities of quantities and costs in western health care systems are identified. Using a selected set of these factors, individual panel econometric models are calculated to explain the variation of the utilization in each of the six largest health care service groups (general practitioners, specialist doctors, hospital inpatient, hospital outpatient, medication, and nursing homes) in Swiss mandatory health insurance (MHI). The main data source is 'Datenpool santésuisse', a database of Swiss health insurers. Results For all six health care service groups, significant factors influencing the utilization frequency over time and across cantons are found. A greater supply of service providers tends to have strong interrelations with per capita consumption of MHI services. On the demand side, older populations and higher population densities represent the clearest driving factors. Conclusions Strategies to contain consumption and costs in health care should include several elements. In the federalist Swiss system, the structure of regional health care supply seems to generate significant effects. However, the extent of driving factors on the demand side (e.g., social deprivation) or financing instruments (e.g., high deductibles) should also be considered. PMID:22413884

2012-01-01

56

Spatial econometric model of natural disaster impacts on human migration in vulnerable regions of Mexico.  

PubMed

Mexico's vast human and environmental diversity offers an initial framework for comprehending some of the prevailing great disparities between rich and poor. Its socio-economic constructed vulnerability to climatic events serves to expand this understanding. Based on a spatial econometric model, this paper tests the contribution of natural disasters to stimulating the emigration process in vulnerable regions of Mexico. Besides coping and adaptive capacity, it assesses the effects of economic losses due to disasters as well as the adverse production and trade conditions of the 1990s on emigration rates in 2000 at the municipality level. Weather-related disasters were responsible for approximately 80 per cent of economic losses in Mexico between 1980 and 2005, mostly in the agricultural sector, which continues to dominate many parts of the country. It is dramatic that this sector generates around only four per cent of gross domestic product but provides a livelihood to about one-quarter of the national population. It is no wonder, therefore, that most emigration from this country arises in vulnerable rural areas. PMID:19207538

Saldaña-Zorrilla, Sergio O; Sandberg, Krister

2009-10-01

57

Evaluation for Water Conservation in Agriculture: Using a Multi-Method Econometric Approach  

NASA Astrophysics Data System (ADS)

Since the 1960's, farmers have implemented new irrigation technology to increase crop production and planting acreage. At that time, technology responded to the increasing demand for food due to world population growth. Currently, the problem of decreased water supply threatens to limit agricultural production. Uncertain precipitation patterns, from prolonged droughts to irregular rains, will continue to hamper planting operations, and farmers are further limited by an increased competition for water from rapidly growing urban areas. Irrigation technology promises to reduce water usage while maintaining or increasing farm yields. The challenge for water managers and policy makers is to quantify and redistribute these efficiency gains as a source of 'new water.' Using conservation in farming as a source of 'new water' requires accurately quantifying the efficiency gains of irrigation technology under farmers' actual operations and practices. From a water resource management and policy perspective, the efficiency gains from conservation in farming can be redistributed to municipal, industrial and recreational uses. This paper presents a methodology that water resource managers can use to statistically verify the water savings attributable to conservation technology. The specific conservation technology examined in this study is precision leveling, and the study includes a mixed-methods approach using four different econometric models: Ordinary Least Squares, Fixed Effects, Propensity Score Matching, and Hierarchical Linear Models. These methods are used for ex-post program evaluation where random assignment is not possible, and they could be employed to evaluate agricultural conservation programs, where participation is often self-selected. The principal method taken in this approach is Hierarchical Linear Models (HLM), a useful model for agriculture because it incorporates the hierarchical nature of the data (fields, tenants, and landowners) as well as crop rotation (fields in and out of production). The other three methods provide verification of the accuracy of the HLM model and create a robust comparison of the water savings estimates. Seventeen factors were used to isolate the effect of precision leveling from variations in climate, investments in other irrigation improvements, and farmers' management skills. These statistical analyses yield accurate water savings estimates because they consider farmers' actual irrigation technology and practices. Results suggest that savings from water conservation technology under farmers' actual production systems and management are less than those reported by experimental field studies. These water savings measure the 'in situ' effect of the technology, considering farmers' actual irrigation practices and technology. In terms of the accuracy of the models, HLM provides the most precise estimate of the impact of precision leveling on a field's water usage. The HLM estimate was within the 95% confidence interval of the other three models, thus verifying the accuracy and robustness of the statistical findings and model.

Ramirez, A.; Eaton, D. J.

2012-12-01

58

The Credibility Revolution in Empirical Economics: How Better Research Design is Taking the Con out of Econometrics. NBER Working Paper No. 15794  

ERIC Educational Resources Information Center

This essay reviews progress in empirical economics since Leamer'rs (1983) critique. Leamer highlighted the benefits of sensitivity analysis, a procedure in which researchers show how their results change with changes in specification or functional form. Sensitivity analysis has had a salutary but not a revolutionary effect on econometric practice.…

Angrist, Joshua; Pischke, Jorn-Steffen

2010-01-01

59

Incorporating DSM impacts in econometric models: Results from a recent model enhancement study by the New York State Electric & Gas Corporation  

SciTech Connect

Many utilities in the U.S. today continue to offer full-scale DSM programs aimed at reducing energy consumption and peak demand usage. Indeed, recent impact evaluation studies purport to show significant cumulative energy reductions that have been quantified in billing analysis studies of energy savings. Load forecasters now confront a clear need to account for these impacts in company sales forecasts. This is a particularly challenging task for utilities that still rely on econometric models to forecast sales. To-date, there is still no clear consensus with regard to how the impacts of DSM programs should be accounted for in econometric models and forecasts. This paper presents the results from a recent study conducted by the Applied Energy Group for New York State Electric & Gas focusing on an evaluation an assessment of alternative techniques for integrating DSM impacts from the company`s programs within the existing set of short-range econometric models used to forecast customer class sales. Specifically, this study will examine the following forecast adjustment methods currently used by utilities across the U.S. to account for DSM impacts; (1) Ex-post adjustments to the sales forecasts w/no modifications to the models. (2) The use of dummy and spline variables in econometric models to account for DSM impacts over time. (3) Adding-in DSM impact estimates to the sales history and re-estimating the models. (4) Incorporating index variables reflecting changes in appliance/equipment stock average efficiencies resulting from company DSM programs. This paper will review the strengths and weaknesses of each of these approaches with particular attention placed on the construction of energy efficiency index variables to capture the impacts of DSM. The index variable method will be illustrated using sales data, econometric models and simulation analysis results developed in the NYSEG study.

Golemboski, W.J. [Applied Energy Group, Inc., Binghamton, NY (United States); Ferris, F.S. [New York State Electric & Gas Corp., Binghamton, NY (United States)

1995-05-01

60

Econometric model of the domestic copper and aluminum industries: the effects of higher energy prices and declining ore quality on metal substitution and recycling  

Microsoft Academic Search

This study is an attempt to measure the short-to-mid-term (ten-year) consequences of rising energy prices and falling ore quality for two domestic mineral industries - copper and aluminum - by considering inter- and intra-metal-market relationships. To make quantitative estimates of metal production, consumption, substitution, and the potential for recycling as cost factors change, an econometric model of each industry was

Slade

1979-01-01

61

Something old, something new, something borrowed, something blue: a framework for the marriage of health econometrics and cost-effectiveness analysis  

Microsoft Academic Search

Economic evaluation is often seen as a branch of health economics divorced from mainstream econometric techniques. Instead, it is perceived as relying on statistical methods for clinical trials. Furthermore, the statistic of interest in cost-effectiveness analysis, the incremental cost-effectiveness ratio is not amenable to regression-based methods, hence the traditional reliance on comparing aggregate measures across the arms of a clinical

Jeffrey S. Hoch; Andrew H. Briggs; Andrew R. Willan

2002-01-01

62

Effects of the R and D tax credit on energy R and D expenditures: an econometric analysis  

SciTech Connect

Objective of the study was to estimate the effects on industrial energy research and development (R and D) expenditures of the R and D Tax Credit component of the Economic Recovery Tax Act of 1981. Two tasks were performed. The first task was to collect data on industrial R and D expenditures, sales, oil prices, and price deflators. The R and D expenditure data were obtained from the National Science Foundation; other data were collected from Commerce Department and Department of Energy publications. The second task was to perform an econometric analysis of the effects of the tax credit on industrial R and D expenditures. Equations relating: (1) total; and (2) energy-related R and D expenditures to sales, oil prices, and a variable representing the availability of the tax credit were estimated, using data for each of seven manufacturing industries and eleven years. The analysis showed that the tax credit caused real total industrial R and D expenditures to be 9.1% greater than they would have been without the credit, but caused real energy industrial R and D expenditures to be 13.8% less than they would have been without the tax credit.

Moe, R.J.; Kee, J.R.; Lackey, K.C.; Cronin, F.J.

1985-02-01

63

A Systematic Comprehensive Computational Model for Stake Estimation in Mission Assurance: Applying Cyber Security Econometrics System (CSES) to Mission Assurance Analysis Protocol (MAAP)  

SciTech Connect

In earlier works, we presented a computational infrastructure that allows an analyst to estimate the security of a system in terms of the loss that each stakeholder stands to sustain as a result of security breakdowns. In this paper, we discuss how this infrastructure can be used in the subject domain of mission assurance as defined as the full life-cycle engineering process to identify and mitigate design, production, test, and field support deficiencies of mission success. We address the opportunity to apply the Cyberspace Security Econometrics System (CSES) to Carnegie Mellon University and Software Engineering Institute s Mission Assurance Analysis Protocol (MAAP) in this context.

Abercrombie, Robert K [ORNL] [ORNL; Sheldon, Frederick T [ORNL] [ORNL; Grimaila, Michael R [ORNL] [ORNL

2010-01-01

64

Essays in financial econometrics  

E-print Network

Chapter 1 is the product of joint work with Ferhat Akbas and it provides a behavioral explanation for monthly negative serial correlation in stock returns. For the first time in the literature, this work reports that only ...

Kocatulum, Emre

2008-01-01

65

Essays in econometrics  

E-print Network

businesses via learning, imitation and other routes, with empirical results on spillovers being quite mixed (Blomstro¨m and Kokko, 1998; Go¨rg and Greenaway, 2001; Moran, Graham, and Blomstro¨m, 2005; Hu, 2004; Singh, 2004). The possibility of knowledge... of variances and covariances of cohort means to be computed and then used to correct the estimator for measurement error. Averaging observations for each t over those i(t) in group g observed in the survey taken at t, we can write (1.3) in terms of the observed...

Oryshchenko, Vitaliy

2011-03-15

66

Essays in Financial Econometrics  

E-print Network

multiple-priors model to incorporate ambiguity aversion in an atemporal setting.3 1The basic structure of recursive utility is due to Koopmans (1960) and Lucas and Stokey (1984), which decompose a utility function into current consumption and future utility...

Jeong, Dae Hee

2010-01-14

67

Hydrogen production econometric studies  

Microsoft Academic Search

The current assessments of fossil fuel resources in the United States were examined, and predictions of the maximum and minimum lifetimes of recoverable resources according to these assessments are presented. In addition, current rates of production in quads\\/year for the fossil fuels were determined from the literature. Where possible, costs of energy, location of reserves, and remaining time before these

J. R. Howell; R. B. Bannerot

1975-01-01

68

Spatial Econometrics and Political Science  

Microsoft Academic Search

Abstract Many theories in political science predict the spatial clustering of similar behaviors among,neighboring units of observation. This spatial autocorrelation poses implications for both inference and modeling that are distinct from the more familiar serial dependence in time series analysis. In this paper, I examine how political scientists can diagnose and model the spatial dependence that is predicted by our

David Darmofal

69

Panel Data Econometric Models: Theory and Application  

E-print Network

variables (LSDV) estimator of when m(x) is replaced by ~m (x) de ned in equation (2.2.3). Substituting equation (2.2.3) into equation (2.2.4), we obtain b = arg min (Y D0 ) 0P (Y D0 ); (2.2.5) where P = [InT S]0[InT S] with S = (sh(x11...); : : : ; sh(xnT ))0 being an nT nT ma- trix. Each argument of S is an nT 1 vector of sh(x)0 = [ 0nTKh(x) nT ] 1 0nTKh(x). From equation (2.2.5) one may conclude that b = [D00PD0] 1D00PY , but this estima- 7 tor is not feasible since D00PD0...

Gao, Yichen

2013-05-20

70

Econometric studies of energy demand and supply  

SciTech Connect

The contents of this book are: Part I: ENERGY AND THE ECONOMY. Energy and the Stability of Investment, The Impact of Capital and Energy on Employment Stability in U.S. Manufacturing. Energy, GNP and Causality. The Demand for Factor of Production. Factors influencing U.S. Congressional Voting on the National Energy Act. Energy Substitution in the British Economy. Part II: RESOURCES APPRAISAL. Price and its Effects on the Production of Crude Oil and Natural Gas in the United States. Crude Oil Resource Appraisal. PART III: STUDIES OF ELECTRICAL ENERGY. Expected price as a determinant of Electrical Energy Demand. The Demand for Electrical Energy Demand. The Demand for Electrical Energy by Agriculture, Weather Variations and Their Costs. Forecasting Electric Utility Fossil Fuel Consumption.

Uri, N.D.

1987-01-01

71

Econometrics and Data Analysis I Yale University  

E-print Network

, we might be interested in estimating the demand for health insurance as a function of the price. provides a lucid introduction to many important (and dif- ficult) concepts in statistics, at a more statistics was a new subject. The work horse of the course is linear regression and I highly r

72

Econometrics and Data Analysis I Yale University  

E-print Network

, we might be interested in estimating the demand for health insurance as a function of the price (Norton, 2007). Freedman et al. provides a lucid introduction to many important (and dif- ficult) concepts 131 students for whom statistics was a new subject. The work horse of the course is linear regression

73

Hydrogen production econometric studies. Final report  

Microsoft Academic Search

The current assessments of fossil fuel resources in the United States were examined, and predictions of the maximum and minimum lifetimes of recoverable resources according to these assessments are presented. In addition, current rates of production in quads\\/year for the fossil fuels were determined from the literature. Where possible, costs of energy, location of reserves, and remaining time before these

J. R. Howell; R. B. Bannerot

1975-01-01

74

Inflation dynamics: A structural econometric analysis  

Microsoft Academic Search

We develop and estimate a structural model of inflation that allows for a fraction of firms that use a backward-looking rule to set prices. The model nests the purely forward-looking New Keynesian Phillips curve as a particular case. We use measures of marginal cost as the relevant determinant of inflation, as the theory suggests, instead of an ad hoc output

Jordi Gal??; Mark Gertler

1999-01-01

75

JOURNAL OF APPLIED ECONOMETRICS J. Appl. Econ. 17: 457477 (2002)  

E-print Network

on some exchange rate data and some stock data. We show that even with large values of M the RV will illustrate this theory in the context of some high-frequency exchange rate data and daily stock data, showing motivated by the advent of the common availability of high-frequency financial return data. When

Wolfe, Patrick J.

76

An Econometric Estimation of Industrial Water Demand in France  

Microsoft Academic Search

This study investigates the structure of industrial water demand byestimating the derived demand for water on a sample of industrialestablishments located in the south-west of France. Productiontechnologies are represented by short-term variable cost functions andapproximated by a translog form. Industrial water use is modeled ashaving three components: the quantity of water bought to a waterutility, the quantity of autonomous water

Arnaud Reynaud

2003-01-01

77

An Econometric Analysis of the Impact of Terrorism on Tourism  

Microsoft Academic Search

This paper quantifies the impact that terrorism has had on tourism since 1970. To accomplish this task, the authors estimate a forecasting equation for a country's (region's) share of tourism using an ARIMA model with a transfer function based on the time series of terrorist attacks in the country (or region). Their results focus on three European countries--Greece, Italy, and

Walter Enders; Todd Sandler; Gerald F. Parise

1992-01-01

78

Russian Financial Crisis of 1998: An Econometric Investigation  

Microsoft Academic Search

This article aims at deriving lessons from the Russian financial crisis through examining the root causes of the crisis based on a probit model incorporating 20 monthly macroeconomic and financial sector indicators spanning the period 1988:1 – 1998:8. The results turned out to be as expected. Strong evidence emerged suggesting that the significant variables are foreign direct investment\\/GDP, inflation, world

Mete Feridun

2004-01-01

79

Econometric Modelling of Time Series with Outlying Observations  

Microsoft Academic Search

Economies are buffeted by natural shocks, wars, policy changes, and other unanticipated events. Observed data can be subject to substantial revisions. Consequently, a “correct†theory can manifest serious mis-specification if just fitted to data ignoring its time-series characteristics. Modelling U.S. expenditure on food, the simplest theory implementation fails to describe the evidence. Embedding that theory in a general framework with

David F. Hendry; Grayham E. Mizon

2011-01-01

80

Bayesian Inference in Econometric Models Using Monte Carlo Integration  

Microsoft Academic Search

Methods for the systematic application of Monte Carlo integration with importance sampling to Bayesian inference are developed. Conditions under which the numerical approximation converges almost surely to the true value with the number of Monte Carlo replications, and its numerical accuracy may be assessed reliably, are given. Importance sampling densities are derived from multivariate normal or student approximations to the

John Geweke

1989-01-01

81

Econometric Analyses of Public Water Demand in the United States  

E-print Network

for water in urbanized areas, which is also the subject of this study (Arbu?s et al. 2003; Dalhuisen et al. 2003). Undoubtedly, a strong contributing factor for this disciplinary emphasis is the comparative availability of reasonably reliable data...

Bell, David

2012-02-14

82

An econometric analysis of prices for Texas grapefruit  

E-print Network

, 500 66)800 '79, 000 75, 800 69, 800 69, 000 59, 800 103, 000 74, 900 72) 60G 69)400 103, GQO 92, 6CO 97, 600 3. 4 7. 5 5 ~ 3 4. 1 6. 2 4. 3 4. 5 4. 1 3. 8 5. 5 6. 1 4. 2 4. 1 4. 9 7. 5 5. 6 5. 2 71, 9110 S3, 400 91, 100... , C I '3 J 200 t t IOQ I' ' / \\ . ~) r' 7 . +~C eS ~s )) c". ". 0 M 5) 5) 52:-255 " -. c 5~ 5. -' 5" 56. 57 57 ~O 53 PI P. 60 60 ' I 6I 62 62. 6'b Io 66 6s Figure 2. Texas G). ape(I"uiI: 7 S)-. les:n -~es;) and Proeessec Ha;Pets, )94G -, 9...

Gutierrez-Villarreal, Jorge

2012-06-07

83

Three Essays on Semiparametric Econometrics: Theory and Application  

E-print Network

. For the discrete vari- ables we use the kernel l(Y dis, y d s , ?s) = ? |Y dis?y d s | s (with ?0s = 1 and 0 0 = 1), where 1(A) = 1 if A holds, and 0 otherwise. I write the product (discrete variable) kernel as L?(ydi , y d, ?) = ?r s=1 l(y d is, y d s , ?s....0 0.0 0.2 0.4 0.6 0.8 1.0 l l l l l l l l l l l l l l l l l l l l l l l l l l l l ll l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l...

Li, Hongjun

2014-04-25

84

Do Youths Substitute Alcohol and Marijuana? Some Econometric Evidence  

Microsoft Academic Search

This paper examines the substitutability of alcoholic beverages and marijuana among youths. Results indicate that drinking frequency and heavy drinking are negatively related to beer prices, but positively related to the full price of marijuana. The implications of this for driving while intoxicated are examined using self-reported involvement in non-fatal accidents and state-level youth motor vehicle accident fatality rates. The

Frank J. Chaloupka; Adit Laixuthai

1997-01-01

85

Econometric Analysis of Cross Section and Panel Data  

Microsoft Academic Search

This graduate text provides an intuitive but rigorous treatment of contemporary methods used in microeconometric research. The book makes clear that applied microeconometrics is about the estimation of marginal and treatment effects, and that parametric estimation is simply a means to this end. It also clarifies the distinction between causality and statistical association. The book focuses specifically on cross section

Jeffrey M. Wooldridge

2002-01-01

86

Multivariate Skew-t Distributions in Econometrics and Environmetrics  

E-print Network

(?). The extended skew-normal density (2.8) is a special case of (2.10) with the normal generator function g(2)(v) = 12pie?v/2. When ?u = 0, (2.10) reduces to the family of skew-elliptical distributions studied by Branco and Dey (2001). We can use this more...

Marchenko, Yulia V.

2012-02-14

87

Prices and Portfolio Choices in Financial Markets: Theory, Econometrics, Experiments  

Microsoft Academic Search

Many tests of asset pricing models address only the pricing predictions — but these pricing predictions rest on portfolio choice predictions which seem obviously wrong. This paper suggests a new approach to asset pricing and portfolio choices, based on unobserved heterogeneity. This approach yields the standard pricing conclusions of classical models but is consistent with very different portfolio choices. Novel

Peter Bossaerts; Charles Plott; William R. Zame

2003-01-01

88

Nonparametric estimation of econometric models with categorical variables  

E-print Network

the local constant and local linear cases. In both cases, the convergence rate of of the cross validated k is established. In chapter V, we consider nonparametric estimation of regression functions with mixed categorical and continuous data. The smoothing...

Ouyang, Desheng

2006-10-30

89

An econometric analysis of substitution between copper and aluminum in the electric conductor industry  

Microsoft Academic Search

A quarterly model of substitution between copper and aluminum in electrical conductor applications in the United States is presented. The estimated equations were specified within the translog production function and the Shiller lag structure. The results show that the elasticity of substitution is less than unity for approximately four quarters and greater than unity for five to ten quarters, reaching

S. C. Mathur; J. P. Clark

1983-01-01

90

Tax Policy and CO2 Emissions – An Econometric Analysis of the German Automobile Market  

Microsoft Academic Search

In addition to efficiency standards and consumer information, car-related taxes constitute one of three pillars of the European Commission’s strategy to reduce CO2 emissions from passenger cars.A longstanding question concerns the effectiveness of such taxes in determining the car-purchasing behavior of households. Several recent studies suggest that purchases are primarily determined by retail costs rather than by taxes, the latter

Colin Vance; Markus Mehlin

2009-01-01

91

Tax Policy and CO 2 Emissions - An Econometric Analysis of the German Automobile Market  

Microsoft Academic Search

In addition to efficiency standards and consumer information, car-related taxes constitute one of three pillars of the European Commission's strategy to reduce CO2 emissions from passenger cars. A longstanding question concerns the effectiveness of such taxes in determining the car-purchasing behavior of households. Several recent studies suggest that purchases are primarily deter- mined by retail costs rather than by taxes,

Colin Vance; Markus Mehlin

92

Econometric Cost Structure Estimates for Cellular Telephony in the United States  

Microsoft Academic Search

This article estimates economies of scale for a sample of five cellular telephony firms in the United States. We reject constant returns to scale for all but the smallest firm studied; the remaining firms exhibit decreasing returns to scale. This finding suggests that scale economies cannot be used to justify the current regulated duopoly structure of United States cellular markets.

David J. McKenzie; John P. Small

1997-01-01

93

Econometric Analysis of Collusive Behavior in a Soft-Drink Market  

Microsoft Academic Search

This paper proposes an empirical methodology for studying various (implicit or explicit) collusive behavior on two strategic variables, which are price and advertising, in a differentiated market dominated by a duopoly. In addition to Nash or Stackelberg behaviors, we consider collusion on both variables, collusion on one variable and competition on the other, etc. Using data on the Coca-Cola and

Farid Gasmi; Jean-Jacques Laffont; Quang Vuong

1992-01-01

94

Measuring the Impact of Financial Intermediation: Linking Contract Theory to Econometric Policy Evaluation  

E-print Network

We study the impact that financial intermediation can have on productivity through the alleviation of credit constraints in occupation choice and/or an improved allocation of risk, using both static and dynamic structural ...

Townsend, Robert

95

Evaluating the Impact of Public Start-up Assistance - Results from an Econometric Approach  

Microsoft Academic Search

This paper analyzes the medium-term growth performance of firms that exclusively received start-up assistance from programs administered by the Deutsche Ausgleichsbank (DtA), a state owned bank, within two years after start- up. I apply a parametric selection approach that controls for two potential sources of self selection (receipt of assistance, complete interview data). The empirical ana- lysis shows that firms

Matthias Almus

2002-01-01

96

Geographical Distribution of Crime in Italian Provinces: A Spatial Econometric Analysis  

Microsoft Academic Search

For a long time social sciences scholars from different fields have devoted their attention to identifying the causes leading to commit criminal offences and recently lots of studies have included the analysis of spatial effects. Respect to the Italian crime phenomenon some stylized facts exist: high spatial and time variability and presence of “organised crime” (e.g. Mafia and Camorra) deep-seated

Teodora Erika Uberti; Maria Francesca Cracolici

2008-01-01

97

Geographical distribution of crime in Italian provinces: a spatial econometric analysis  

Microsoft Academic Search

In the last years, the increasing level of criminality that has characterized the modern economies\\u000a has drawn the attention of sociologists and economists in order to identify the causes leading to commit\\u000a criminal offences. The aim of the paper is to investigate the causes of crime activity in 103 Italian provinces\\u000a (NUTS3 regions) for the years 1999 and 2003. The

Maria Francesca Cracolici; Teodora Erika Uberti

2009-01-01

98

Non-equilibrium thermodynamics theory of econometric source discovery for large data analysis  

NASA Astrophysics Data System (ADS)

Almost all consumer and firm transactions are achieved using computers and as a result gives rise to increasingly large amounts of data available for analysts. The gold standard in Economic data manipulation techniques matured during a period of limited data access, and the new Large Data Analysis (LDA) paradigm we all face may quickly obfuscate most tools used by Economists. When coupled with an increased availability of numerous unstructured, multi-modal data sets, the impending 'data tsunami' could have serious detrimental effects for Economic forecasting, analysis, and research in general. Given this reality we propose a decision-aid framework for Augmented-LDA (A-LDA) - a synergistic approach to LDA which combines traditional supervised, rule-based Machine Learning (ML) strategies to iteratively uncover hidden sources in large data, the artificial neural network (ANN) Unsupervised Learning (USL) at the minimum Helmholtz free energy for isothermal dynamic equilibrium strategies, and the Economic intuitions required to handle problems encountered when interpreting large amounts of Financial or Economic data. To make the ANN USL framework applicable to economics we define the temperature, entropy, and energy concepts in Economics from non-equilibrium molecular thermodynamics of Boltzmann viewpoint, as well as defining an information geometry, on which the ANN can operate using USL to reduce information saturation. An exemplar of such a system representation is given for firm industry equilibrium. We demonstrate the traditional ML methodology in the economics context and leverage firm financial data to explore a frontier concept known as behavioral heterogeneity. Behavioral heterogeneity on the firm level can be imagined as a firm's interactions with different types of Economic entities over time. These interactions could impose varying degrees of institutional constraints on a firm's business behavior. We specifically look at behavioral heterogeneity for firms that are operating with the label of `Going-Concern' and firms labeled according to institutional influence they may be experiencing, such as constraints on firm hiring/spending while in a Bankruptcy or a Merger procedure. Uncovering invariant features, or behavioral data metrics from observable firm data in an economy can greatly benefit the FED, World Bank, etc. We find that the ML/LDA communities can benefit from Economic intuitions just as much as Economists can benefit from generic data exploration tools. The future of successful Economic data understanding, modeling, simulation, and visualization can be amplified by new A-LDA models and approaches for new and analogous models of Economic system dynamics. The potential benefits of improved economic data analysis and real time decision aid tools are numerous for researchers, analysts, and federal agencies who all deal with increasingly large amounts of complex data to support their decision making.

van Bergem, Rutger; Jenkins, Jeffrey; Benachenhou, Dalila; Szu, Harold

2014-05-01

99

Factor endowments and the international location of production: Econometric evidence for the OECD, 1970–1985  

Microsoft Academic Search

This paper uses data on manufacturing output and factor endowments for 20 OECD countries from 1970 to 1985 to examine the production side of the factor proportions model. Under well-known conditions, there will be a linear Rybczynski relationship between sectoral outputs and factor endowments across countries. This proposition is investigated, using the Kalman filter and maximum likelihood techniques to estimate

James Harrigan

1995-01-01

100

MARIE CURIE Research Training Network (RTN) Computational Optimization Methods in Statistics, Econometrics and Finance  

E-print Network

- 1 ­ MARIE CURIE Research Training Network (RTN) COMISEF Computational Optimization Methods) This new RTN has been established to develop novel optimization procedures for applications in statistics researchers recruited into this RTN will experience an outstanding interdisciplinary training in quantitative

Nagurney, Anna

101

Do Roads Cause Deforestation? Using Satellite Images in Econometric Analysis of Land Use  

Microsoft Academic Search

In this paper we demonstrate how satellite images and other geographic data can be used to predict land use. A cross-section model of land use is estimated with data for a region in central Mexico. Parameters from the model are used to examine the effects of reduced human activity. If variables that proxy human influence are changed to reflect reduced

Gerald C. Nelson; Daniel Hellerstein

1997-01-01

102

An econometric study of the demand for gasoline in the Gulf Cooperation Council countries  

SciTech Connect

Reliable and accurate estimation of price and income elasticities of demand for gasoline are important ingredients for long-run energy planning and policy formation. The purpose of this study is to develop and estimate a model for gasoline demand for Gulf Cooperation Council (GCC) countries (Bahrain, Kuwait, Oman, Oatar, Saufi Arabia, and the United Arab Emirates). The model is capable of producing short-run and long-run price and income elasticities. Since the first oil price hike in 1973, a great deal of attention has been directed toward the demand for gasoline, especially in the industrialized countries. Few studies have been directed toward the demand for gasoline in developing countries. In terms of primary energy consumption, the GCC`s energy needs are met by oil, natural gas, and electricity. Without any doubt, oil is the largest energy source consumed and gasoline is the most important oil product. However, very few studies have been directed toward analyzing GCC energy demand, and yet there has been not attempt to model and estimate GCC gasoline demand. This study attempts to address this gap.

Eltony, M.N.

1994-12-31

103

An Econometric Analysis of Brand Level Strategic Pricing Between Coca Cola and Pepsi Inc  

Microsoft Academic Search

Market structure and strategic pricing for leading brands sold by Coca Cola and Pepsi Inc. are investigated in the context of a flexible demand specification and structural price equations. This approach is more general than prior studies that rely upon linear approximations and interactions of an inherently nonlinear problem. We test for Bertrand equilibrium, Stackelberg equilibrium, collusion, and a general

Tirtha Pratim Dhar; Jean-Paul Chavas; Ronald W. Cotterill; Brian W. Gould

2002-01-01

104

ECONOMIC MODELLING OF WATER SUPPLY: AN ECONOMETRIC ANALYSIS OF THE MULTIPRODUCT FIRM  

EPA Science Inventory

Research was conducted to develop a comprehensive economic model that could use the neoclassical theory of the multiproduct firm to analyze the production structure of water supply. The project attempts to meet the need for in-depth analysis of the cost and economic structure of ...

105

Econometrics for Grumblers: A New Look at the Literature on Cross-Country Growth Empirics  

Microsoft Academic Search

Since the seminal contribution of Gregory Mankiw, David Romer and David Weil (1992), the growth empirics literature has used increasingly sophisticated methods to select relevant growth determinants in estimating cross-section growth regressions. The vast majority of empirical approaches however limit cross-country heterogeneity in production technology to the specification of Total Factor Productivity, the ‘measure of our ignorance’ (Abramowitz, 1956). The

Markus Eberhardt; Francis Teal

2009-01-01

106

A spatial econometric analysis of cross-border accessibility and development in Portugal and Spain  

Microsoft Academic Search

Cross-border regions’ development is one of the EU major current concerns. These regions are usually less dynamic socio-economically and correspond to peripheral areas within each country. Some of these regions have recently benefited from the existence of new roads, which investment was mainly possible through the European financial programme of Transnational Transport Networks, TEN-T. Almost twenty years after its implementation

Anabela Ribeiro; Jorge Silva

2011-01-01

107

Journal of Econometrics 112 (2003) 135151 www.elsevier.com/locate/econbase  

E-print Network

that smoking causes lung and laryngeal cancer, chronic obstructive pulmonary disease (COPD), coronary heart, attributable to smoking for two disease groups: (LC) lung and laryngeal cancer and chronic ob- structive a possible association between smoking and lung cancer, public health and medical researchers have

Dominici, Francesca

108

Econometric Estimation of Parameters of Preservation of Perishable Goods in Cold Logistic Chains  

Microsoft Academic Search

Paper discusses the parameters of preservation of perishable goods in cold logistic chains. The key parameters are the intensity of deterioration of goods, the conservation effect of perishable goods and the delay of activation of the conservation effect. The values of these parameters tell us the quantity of the product being deteriorated in the logistic chain and the extent to

Miroslav Verbic

2004-01-01

109

An econometric model of the U.S. secondary copper industry: Recycling versus disposal  

USGS Publications Warehouse

In this paper, a theoretical model of secondary recovery is developed that integrates microeconomic theories of production and cost with a dynamic model of scrap generation and accumulation. The model equations are estimated for the U.S. secondary copper industry and used to assess the impacts that various policies and future events have on copper recycling rates. The alternatives considered are: subsidies for secondary production, differing energy costs, and varying ore quality in primary production. ?? 1990.

Slade, M.E.

1980-01-01

110

Essays on exponential series estimation and application of copulas in financial econometrics  

E-print Network

is specified but not the margins. The parameters in the copula function are estimated by maximum likelihood estimation. See the earlier application in Oakes (1986), Genest and Rivest (1993), Genest, Ghoudi and Rivest (1995) and more recently in Liebscher...

Chui, Chin Man

2009-05-15

111

Energy prices and energy intensity in China : a structural decomposition analysis and econometrics study  

E-print Network

Since the start of its economic reforms in 1978, China's energy prices relative to other prices have increased. At the same time, its energy intensity, i.e., energy consumption per unit of Gross Domestic Product (GDP), has ...

Shi, Xiaoyu

2006-01-01

112

Energy prices and energy intensity in China : a structural decomposition analysis and econometric study  

E-print Network

Since the start of its economic reforms in 1978, China's energy prices relative to other prices have increased. At the same time, its energy intensity, i.e., physical energy consumption per unit of Gross Domestic Product ...

Shi, Xiaoyu, M.C.P. Massachusetts Institute of Technology

2005-01-01

113

Measuring the Impact of Financial Intermediation: Linking Contract Theory to Econometric Policy Evaluation *  

PubMed Central

We study the impact that financial intermediation can have on productivity through the alleviation of credit constraints in occupation choice and/or an improved allocation of risk, using both static and dynamic structural models as well as reduced form OLS and IV regressions. Our goal in this paper is to bring these two strands of the literature together. Even though, under certain assumptions, IV regressions can recover accurately the true model-generated local average treatment effect, these are quantitatively different, in order of magnitude and even sign, from other policy impact parameters (e.g., ATE and TT). We also show that laying out clearly alternative models can guide the search for instruments. On the other hand adding more margins of decision, i.e., occupation choice and intermediation jointly, or adding more periods with promised utilities as key state variables, as in optimal multi-period contracts, can cause the misinterpretation of IV as the causal effect of interest. PMID:20436953

Townsend, Robert M.; Urzua, Sergio S.

2010-01-01

114

Essays on econometric modeling of subjective perceptions of risks in environment and human health  

E-print Network

binary choices that involve heterogeneity in subjective probabilities. For this problem, I introduce the use of the hierarchical Bayes to estimate, among others, the parameters of distribution of subjective probabilities. The Monte Carlo study finds...

Nguyen, To Ngoc

2009-05-15

115

Labour market characteristics and profitability: An econometric analysis of Hugarian exporting firms, 1986-95  

Microsoft Academic Search

This paper follows through an aspect of microeconomic restructuring in Hungary during the transition period. This restructuring brought about substantial changes in the behaviour of all economic agents. Our study combines labour market and corporate financial information to explore the effect of the quality of labour employed on the profitability of the firm. The quality of labour is measured as

László Halpern; Gábor Körösi

1998-01-01

116

Monday 26 May 09:30 Macroeconomics. Tuesday 27 May 09:30 Econometrics.  

E-print Network

. Tuesday 03 June 09:30 Plato: Republic (in translation). 14:30 Comparative Demographic Systems:30 Aristotle: Nicomachean Ethics (in translation). Wednesday 11 June 09:30 Economics of Developing Countries:30 Aesthetics and the Philosophy of Criticism. Jurisprudence. 14:30 Economics of Industry. Social Policy

Oxford, University of

117

Effects of Urban Land Supply Policy on Real Estate in China: An Econometric Analysis  

Microsoft Academic Search

Since 2005, the Chinese government has frequently strengthened controls on the real estate market. Land supply policy was included in the system of state macro-control on the real estate market and state economic development. This paper examines the following issues after analyzing the panel data of Yunnan Province and other provinces of China. (1) Does land supply have significant effects

Hong Zhang

118

Estimating the Return to Schooling: Progress on Some Persistent Econometric Problems  

Microsoft Academic Search

This paper reviews a set of recent studies that have attempted to measure the causal effect of education on labor market earnings by using institutional features of the supply side of the education system as exogenous determinants of schooling outcomes. A simple theoretical model that highlights the role of comparative advantage in the optimal schooling decision is presented and used

David Card

2000-01-01

119

Econometric Modelling of World Oil Supplies: Terminal Price and the Time to Depletion  

E-print Network

This paper develops a novel approach by which to identify the price of oil at the time of depletion; the so-called terminal price of oil. It is shown that while the terminal price is independent of both GDP growth and the price elasticity of energy...

Mohaddes, Kamiar

2012-03-02

120

Chapter 31 The economics and econometrics of active labor market programs  

Microsoft Academic Search

Policy makers view public sector-sponsored employment and training programs and other active labor market policies as tools for integrating the unemployed and economically disadvantaged into the work force. Few public sector programs have received such intensive scrutiny, and been subjected to so many different evaluation strategies. This chapter examines the impacts of active labor market policies, such as job training,

James J. Heckman; Robert J. Lalonde; Jeffrey A. Smith

1999-01-01

121

Farmland preservation and conversion: An econometric analysis of the impact for the Northeastern United States  

Microsoft Academic Search

Farmland preservation programs have been used in the United States for many years to facilitate orderly development. These policies have evolved from rural\\/agricultural zoning ordinances to a fourth generation of policies that encompass purchase of development rights (PDR) programs. PDR programs compensate landowners or farmers for agreeing not to sell farmland for development. Farmers or landowners may continue to farm;

Blondel Averil Brinkman

2006-01-01

122

Forest fires in Italy: An econometric analysis of major driving factors  

NASA Astrophysics Data System (ADS)

Despite the relevant fire risk to which Italy is subject from north to south, very few analysis focus on this area. This article investigates the causes of forest fires frequency and intensity in Italy during the first decade of the XXI century. The dynamical aspects of fire danger are explored through the use of panel data techniques which fully capture the impacts on forest fires of changes in both socio-economic and climatic conditions. Italy is treated as a unique region in a first model specification, while it is then split into 3 geographical areas (north, centre, and south) to capture locally specific aspects. Two different dependent variables are alternatively employed and a number of ad hoc tests are performed to corroborate the robustness of our estimates. Results highlight the importance of considering the fire situation separately for the northern, central, and southern parts of Italy. While the presence of railway networks positively affects fire risk, the impact of livestock depends on its specific composition. Favourable effects in fire reduction are represented by the increase in education levels (north and centre) and touristic flows (north and south), and by the containment of illegal activities (south). Weather patterns appear to be important determinants all over the Italian peninsula.

Michetti, Melania; Pinar, Mehmet

2013-04-01

123

Econometric model of the U.S. sheep and mohair industries for policy analysis  

E-print Network

of the world?s wool production with about 38 million pounds of clean fleece (USDA Cotton and Wool Outlook, 2003). China is the world?s largest sheep producer with 135 million head (in 2002), followed closely by Australia with 119... 1 This dissertation follows the style and format of the American Journal of Agricultural Economics. 2 million head and, in smaller scale, New Zealand, Argentina, Uruguay, and South Africa. In the world?s wool production, Australia...

Ribera Landivar, Luis Alejandro

2005-08-29

124

Estimating the Return to Schooling: Progress on Some Persistent Econometric Problems  

Microsoft Academic Search

This paper reviews a set of recent studies that have attempted to measure the causal effect of education on labor market earnings by using institutional features of the supply side of the education system as exogenous determinants of schooling outcomes. A simple theoretical model that highlights the role of comparative advantage in the optimal schooling decision is presented and used

David Card

2001-01-01

125

An econometric approach to understanding the international tourism flows from Japan to Taiwan  

E-print Network

. Taiwan Taiwan is a leaf-shaped island straddling the Tropic of Cancer about 120 miles off the eastern shores of the Chinese mainland. Strategically located in the east China Sea, midway between Japan to the north and Hong Kong to the south, Taiwan... is very similar to the area of Texas. Currently, more than 130 million people are dwelling on this region of land (Hall & Jansen k. Kanai k. Twitchett 1988). Being the meeting point between the East and West culture, Japan has developed a unique image...

Chang, Chun-Ling

2012-06-07

126

Econometric analysis of realized volatility and its use in estimating stochastic volatility models  

Microsoft Academic Search

The availability of intraday data on the prices of speculative assets means that we can use quadratic variation-like measures of activity in financial markets, called realized volatility, to study the stochastic properties of returns. Here, under the assumption of a rather general stochastic volatility model, we derive the moments and the asymptotic distribution of the realized volatility error-the difference between

Ole E. Barndorff-Nielsen; Neil Shephard

2002-01-01

127

BAYESIAN ANALYSIS OF ECONOMETRIC TIME SERIES MODELS USING HYBRID INTEGRATION RULES  

Microsoft Academic Search

This paper is concerned with the study of Bayesian inference procedures to commonly used time series models. In particular, the dynamic or state-space models, the time-varying vector autoregressive model and the structural vector autoregressive model are considered in detail. Inference procedures are based on a hybrid integration scheme where state parameters are analytically integrated and hyperparameters are integrated by Markov

Dani Gamerman; Ajax R. B. Moreira

2002-01-01

128

Modern Statistics and Econometrics from a Computa tional Point of View, G63.2707: Assignment 3  

E-print Network

and divide up the Monte Carlo Experiments by having each team member do a portion of the Monte Carlo. Please team members. 1. In this exercise you will design and build several tools for fitting OLS regressions is a matrix of inde­ pendent variables (the design matrix). If the intercept flag is set to one

Chriss, Neil

129

Modern Statistics and Econometrics from a Computa-tional Point of View, G63.2707: Assignment 3  

E-print Network

and divide up the Monte Carlo Experiments by having each team member do a portion of the Monte Carlo. Please team members. 1. In this exercise you will design and build several tools for fitting OLS regressions is a matrix of inde- pendent variables (the design matrix). If the intercept flag is set to one

Chriss, Neil

130

An econometric analysis of changes in arable land utilization using multinomial logit model in Pinggu district, Beijing, China.  

PubMed

Arable land in China has been decreasing as a result of rapid population growth and economic development as well as urban expansion, especially in developed regions around cities where quality farmland quickly disappears. This paper analyzed changes in arable land utilization during 1993-2008 in the Pinggu district, Beijing, China, developed a multinomial logit (MNL) model to determine spatial driving factors influencing arable land-use change, and simulated arable land transition probabilities. Land-use maps, as well as social-economic and geographical data were used in the study. The results indicated that arable land decreased significantly between 1993 and 2008. Lost arable land shifted into orchard, forestland, settlement, and transportation land. Significant differences existed for arable land transitions among different landform areas. Slope, elevation, population density, urbanization rate, distance to settlements, and distance to roadways were strong drivers influencing arable land transition to other uses. The MNL model was proved effective for predicting transition probabilities in land use from arable land to other land-use types, thus can be used for scenario analysis to develop land-use policies and land-management measures in this metropolitan area. PMID:23774750

Xu, Yueqing; McNamara, Paul; Wu, Yanfang; Dong, Yue

2013-10-15

131

New Product Introductions, Trademarked Advertising and Market Value: An Econometric Analysis of Coca-Cola vs Pepsi Competition  

Microsoft Academic Search

This article analyzes how the financial-market value of a firm is influenced by the actions of its rivals. We investigate the competition in the carbonated soft drink market between 1999 and 2003, a period characterized by price stability and an almost duopoly of Coca-Cola and Pespi. We focus on new product announcements as a proxy of new product introductions and

Andrea Fosfuri; Marco S. Giarratana

132

A spatial econometric panel data examination of endogenous versus exogenous interaction in Chinese province-level patenting  

NASA Astrophysics Data System (ADS)

We examine the provincial-level relationship between domestic Chinese intellectual property (IP) and knowledge stocks using a space-time panel model and data set covering monthly patent activity over the period 2002-2010. The goal of the modeling exercise is to explore the elasticity response of IP to knowledge stocks classified by type of creator (universities and research institutes, enterprises, and individuals). A focus is on spatial and time dependence in the relationship between knowledge stocks and IP, which implies spatial spillovers and diffusion over time. Many past studies of regional knowledge production have focused on patent applications as a proxy for regional output from the knowledge production process. However, this ignores the distinction between patent applications and patents granted, with the latter reflecting a decision and ability to convert knowledge produced into IP. This study differs in its focus on the regional relation between IP and knowledge stocks and the space-time dynamics of these. Using patents granted as a proxy for IP, and past patent applications as a proxy for regional knowledge stocks, allows us to explore the implied quality of knowledge production by various types of creators. Because Chinese patent applications have grown by 22 %, questions have been raised about the quantity versus quality of these applications. Our findings shed light on this issue.

LeSage, James P.; Sheng, Yuxue

2014-07-01

133

An econometric analysis of regional differences in household waste collection: the case of plastic packaging waste in Sweden.  

PubMed

The Swedish producer responsibility ordinance mandates producers to collect and recycle packaging materials. This paper investigates the main determinants of collection rates of household plastic packaging waste in Swedish municipalities. This is done by the use of a regression analysis based on cross-sectional data for 252 Swedish municipalities. The results suggest that local policies, geographic/demographic variables, socio-economic factors and environmental preferences all help explain inter-municipality collection rates. For instance, the collection rate appears to be positively affected by increases in the unemployment rate, the share of private houses, and the presence of immigrants (unless newly arrived) in the municipality. The impacts of distance to recycling industry, urbanization rate and population density on collection outcomes turn out, though, to be both statistically and economically insignificant. A reasonable explanation for this is that the monetary compensation from the material companies to the collection entrepreneurs vary depending on region and is typically higher in high-cost regions. This implies that the plastic packaging collection in Sweden may be cost ineffective. Finally, the analysis also shows that municipalities that employ weight-based waste management fees generally experience higher collection rates than those municipalities in which flat and/or volume-based fees are used. PMID:17931849

Hage, Olle; Söderholm, Patrik

2008-01-01

134

Estimating market penetration of steam, hot water and chilled water in commercial sector using a new econometric model  

SciTech Connect

For the first time in the public domain, we have estimated the energy consumption and expenditures of district steam, hot water, and chilled water. Specifically, the combined energy consumption and expenditures of steam, hot water, and chilled water in 1989 were approximately 800 trillion Btu and 7 billion dollars, respectively. The purpose of this paper is to introduce a new model developed at Argonne National Laboratory (ANL) for estimating market penetration of steam, hot water, and chilled water systems in commercial buildings over the next 20 years. This research sponsored by the US Department of Energy (DOE) used the 1989 Commercial Building Energy Consumption Surveys (CBECS) to provide information on energy consumption and expenditures and related factors in about 6000 buildings. A general linear model to estimated parameters for each of the three equations for steam, hot water, and chilled water demand in the buildings. A logarithmic transformation was made for the dependent variable and most of the explanatory variables. The model provides estimates of building steam, hot water, and chilled water consumption and expenditures between now and the year 2010. This model should be of interest to policymakers, researchers, and market participants involved with planning and implementing community-based energy-conserving and environmentally beneficial energy systems.

Teotia, A.P.S.; Karvelas, D.E.; Daniels, E.J.; Anderson, J.L.

1993-08-01

135

An Econometric Analysis of Brand-Level Strategic Pricing Between Coca-Cola Company and PepsiCo  

Microsoft Academic Search

We investigate market structure and strategic pricing for leading brands sold by Coca-Cola Company and PepsiCo. in the context of a flexible demand specification (i.e., nonlinear AIDS) and structural price equations. Our flexible and generalized approach does not rely upon the often used ad hoc linear approximations to demand and profit-maximizing first-order conditions, and the assumption of Nash-Bertrand competition. We

Tirtha Dhar; Jean-Paul Chavas; Ronald W. Cotterill; Brian W. Gould

2005-01-01

136

Advances in nonmarket valuation econometrics: Spatial heterogeneity in hedonic pricing models and preference heterogeneity in stated preference models  

NASA Astrophysics Data System (ADS)

In my 1st essay, the study explores Pennsylvania residents. willingness to pay for development of renewable energy technologies such as solar power, wind power, biomass electricity, and other renewable energy using a choice experiment method. Principle component analysis identified 3 independent attitude components that affect the variation of preference, a desire for renewable energy and environmental quality and concern over cost. The results show that urban residents have a higher desire for environmental quality and concern less about cost than rural residents and consequently have a higher willingness to pay to increase renewable energy production. The results of sub-sample analysis show that a representative respondent in rural (urban) Pennsylvania is willing to pay 3.8(5.9) and 4.1(5.7)/month for increasing the share of Pennsylvania electricity generated from wind power and other renewable energy by 1 percent point, respectively. Mean WTP for solar and biomass electricity was not significantly different from zero. In my second essay, heterogeneity of individual WTP for various renewable energy technologies is investigated using several different variants of the multinomial logit model: a simple MNL with interaction terms, a latent class choice model, a random parameter mixed logit choice model, and a random parameter-latent class choice model. The results of all models consistently show that respondents. preference for individual renewable technology is heterogeneous, but the degree of heterogeneity differs for different renewable technologies. In general, the random parameter logit model with interactions and a hybrid random parameter logit-latent class model fit better than other models and better capture respondents. heterogeneity of preference for renewable energy. The impact of the land under agricultural conservation easement (ACE) contract on the values of nearby residential properties is investigated using housing sales data in two Pennsylvania Counties. The spatial-lag (SLM), the spatial error (SEM) and the spatial error component (SEC) models were compared. A geographically weighted regression (GWR) model is estimated to study the spatial heterogeneity of the marginal implicit prices of ACE impact within each county. New hybrid spatial hedonic models, the GWR-SEC and a modified GWR-SEM, are estimated such that both spatial autocorrelation and heterogeneity are accounted. The results show that the coefficient of land under easement contract varies spatially within one county, but not within the other county studied. Also, ACE's are found to have both positive and negative impacts on the values of nearby residential properties. Among global spatial models, the SEM fit better than the SLM and the SEC. Statistical goodness of fit measures showed that the GWR-SEC model fit better than the GWR or the GWR-SEC model. Finally, the GWR-SEC showed spatial autocorrelation is stronger in one county than in the other county.

Yoo, Jin Woo

137

The 'bankability' of the new waste technologies: an econometric method for risk sharing in private finance waste contracts.  

PubMed

The identification of risk and its appropriate allocation to partners in project consortia is essential for minimizing overall project risks, ensuring timely delivery and maximizing benefit for money invested. Risk management guidance available from government bodies, especially in the UK, does not specify methodologies for quantitative risk assessment, nor does it offer a procedure for allocating risk among project partners. Here, a methodology to quantify project risk and potential approaches to allocating risk and their implications are discussed. Construction and operation of a waste management facility through a public-private finance contract are discussed. Public-private partnership contracts are special purpose vehicle (SPV) financing methods promoted by the UK government to boost private sector investment in facilities for public service enhancement. Our findings question the appropriateness of using standard deviation as a measure for project risk and confirm the concept of portfolio theory, suggesting the pooling of risk can reduce total risk and its impact. PMID:22439555

Black, I; Seaton, R; Chackiath, S; Wagland, S T; Pollard, S J T; Longhurst, P J

2011-12-01

138

Estimates of price and income elasticity in Greece. Greek debt crisis transforming cigarettes into a luxury good: an econometric approach  

PubMed Central

Objective During the past decades, smoking prevalence in Greece was estimated to be near or over 40%. Following a sharp fall in cigarette consumption, as shown in current data, our objective is to assess smokers’ sensitivity to cigarette price and consumer income changes as well as to project health benefits of an additional tax increase. Methods Cigarette consumption was considered as the dependent variable, with Weighted Average Price as a proxy for cigarette price, gross domestic product as a proxy for consumers’ income and dummy variables reflecting smoking restrictions and antismoking campaigns. Values were computed to natural logarithms and regression was performed. Then, four scenarios of tax increase were distinguished in order to calculate potential health benefits. Results Short-run price elasticity is estimated at ?0.441 and short-run income elasticity is estimated at 1.040. Antismoking campaigns were found to have a statistically significant impact on consumption. Results indicate that, depending on the level of tax increase, annual per capita consumption could fall by at least 209.83 cigarettes; tax revenue could rise by more than €0.74 billion, while smokers could be reduced by up to 530?568 and at least 465 smoking-related deaths could be averted. Conclusions Price elasticity estimates are similar to previous studies in Greece, while income elasticity estimates are far greater. With cigarettes regarded as a luxury good, a great opportunity is presented for decisionmakers to counter smoking. Increased taxation, along with focused antismoking campaigns, law reinforcement (to ensure compliance with smoking bans) and intensive control for smuggling could invoke a massive blow to the tobacco epidemic in Greece. PMID:25564137

Tarantilis, Filippos; Athanasakis, Kostas; Zavras, Dimitris; Vozikis, Athanassios; Kyriopoulos, Ioannis

2015-01-01

139

An econometric analysis of regional differences in household waste collection: The case of plastic packaging waste in Sweden  

SciTech Connect

The Swedish producer responsibility ordinance mandates producers to collect and recycle packaging materials. This paper investigates the main determinants of collection rates of household plastic packaging waste in Swedish municipalities. This is done by the use of a regression analysis based on cross-sectional data for 252 Swedish municipalities. The results suggest that local policies, geographic/demographic variables, socio-economic factors and environmental preferences all help explain inter-municipality collection rates. For instance, the collection rate appears to be positively affected by increases in the unemployment rate, the share of private houses, and the presence of immigrants (unless newly arrived) in the municipality. The impacts of distance to recycling industry, urbanization rate and population density on collection outcomes turn out, though, to be both statistically and economically insignificant. A reasonable explanation for this is that the monetary compensation from the material companies to the collection entrepreneurs vary depending on region and is typically higher in high-cost regions. This implies that the plastic packaging collection in Sweden may be cost ineffective. Finally, the analysis also shows that municipalities that employ weight-based waste management fees generally experience higher collection rates than those municipalities in which flat and/or volume-based fees are used.

Hage, Olle [Economics Unit, Lulea University of Technology, SE 971 87, Lulea (Sweden)], E-mail: olle.hage@ltu.se; Soederholm, Patrik [Economics Unit, Lulea University of Technology, SE 971 87, Lulea (Sweden)

2008-07-01

140

Econometric analysis on the impact of macroeconomic variables toward financial performance: A case of Malaysian public listed logistics companies  

NASA Astrophysics Data System (ADS)

The primary concern of this study is to analyse the impact against macroeconomic variables upon the financial performance, particularly in the case of public listed logistics companies in Malaysia. This study incorporated five macroeconomic variables and four proxies of financial performance. The macroeconomic variables selected are gross domestic product (GDP), total trade (XM), foreign direct investment (FDI), inflation rate (INF), and interest rate (INT). This study is extended to the usage of ratio analysis to predict financial performance in relation to the changes upon macroeconomic variables. As such, this study selected four (4) ratios as proxies to financial performance, which is Operating Profit Margin (OPM), Net Profit Margin (NPM), Return on Asset (ROA), Return on Equity (ROE). The findings of this study may appear non-controversial to some, but it resulted in the following important consensus; (1) GDP is found to be highly impacting NPM and least of ROA, (2) XM has high positive impact on OPM and least on ROE, (3) FDI appear to have insignificant impact towards NPM, and (4) INF and INT show similar negative impact on financial performance, precisely highly negative on OPM and least on ROA. Such findings also conform to the local logistic industry settings, specifically in regards to public listed logistics companies in relation to its financial performance.

Zakariah, Sahidah; Pyeman, Jaafar; Ghazali, Rahmat; Rahman, Ibrahim A.; Rashid, Ahmad Husni Mohd; Shamsuddin, Sofian

2014-12-01

141

The European Community feed grain substitute problem: an econometric analysis of import demand for feedstuffs in the European Community  

E-print Network

of animals fed due to the addition of methionine to the ration (e. g. 4. 4 lbs. per metric ton for poultry and 2 lbs. per metric ton for swine, Austin). Under normal economic conditions, EC livestock producers would prefer the cheaper cassava-soybean meal... and iterative instrumental variables. It is hypothesized in this study that grain substitutes (soybeans, soybean meal, FGS energy, and cassava) substitute for grains within the EC feeding industry. The EC import demand equations for barley, corn, sorghum...

Tucker, James Leroy

2012-06-07

142

Reliability-based econometrics of aerospace structural systems: Design criteria and test options. Ph.D. Thesis - Georgia Inst. of Tech.  

NASA Technical Reports Server (NTRS)

The design criteria and test options for aerospace structural reliability were investigated. A decision methodology was developed for selecting a combination of structural tests and structural design factors. The decision method involves the use of Bayesian statistics and statistical decision theory. Procedures are discussed for obtaining and updating data-based probabilistic strength distributions for aerospace structures when test information is available and for obtaining subjective distributions when data are not available. The techniques used in developing the distributions are explained.

Thomas, J. M.; Hanagud, S.

1974-01-01

143

Page 296 Courses: Economics (ECON) Sonoma State University 2013-2014 Catalog eCon 317 introduCtion to eConoMetriCS (4)  

E-print Network

-sectional techniques, time series analysis, simultaneous equation modeling, and forecasting. Applying widely, or equivalents or consent of instructor. eCon 319 MAnAgeriAL eConoMiCS (4) Economic analysis applied the content and applicability of such basic economic concepts as marginality, opportunity costs, and market

Ravikumar, B.

144

Deterrence and Morale in Taxation: An Empirical Analysis  

Microsoft Academic Search

The standard model of tax evasion based on the subjective expected utility maximization does not perform particularly well in econometric analyses: it predicts too little evasion and produces unsatisfactory econometric parameter estimates. The model is extended by looking at how the tax authority deals with the taxpayers. Based on econometric estimates, it is shown that taxpayers’ tax morale is raised

Bruno S. Frey; Lars P. Feld

2002-01-01

145

Fair Model  

NSDL National Science Digital Library

The Fair model web site includes a freely available United States macroeconomic econometric model and a multicounty econometric model. The models run on the Windows OS. Instructors can use the models to teach forecasting, run policy experiments, and evaluate historical episodes of macroeconomic behavior. The web site includes extensive documentation for both models. The simulation is for upper-division economics courses in macroeconomics or econometrics. The principle developer is Ray Fair at Yale University.

Blecha, Betty

146

77 FR 1454 - Request for Nominations of Members To Serve on the Census Scientific Advisory Committee  

Federal Register 2010, 2011, 2012, 2013, 2014

...analysis, econometrics, cognitive psychology, and computer science as they pertain...Demography, economics, geography, psychology, statistics, survey methodology...demography, economics, geography, psychology, statistics, survey...

2012-01-10

147

78 FR 67103 - Request for Nominations of Members To Serve on the Census Scientific Advisory Committee  

Federal Register 2010, 2011, 2012, 2013, 2014

...analysis, econometrics, cognitive psychology, and computer science as they pertain...demography, economics, geography, psychology, statistics, survey methodology...demography, economics, geography, psychology, statistics, survey...

2013-11-08

148

76 FR 11195 - Request for Nominations of Members To Serve on the Census Scientific Advisory Committee  

Federal Register 2010, 2011, 2012, 2013, 2014

...analysis, econometrics, cognitive psychology, and computer science as they pertain...demography, economics, geography, psychology, statistics, survey methodology...demography, economics, geography, psychology, statistics, survey...

2011-03-01

149

75 FR 57807 - Advisory Committee on Organ Transplantation; Request for Nominations for Voting Members  

Federal Register 2010, 2011, 2012, 2013, 2014

...professions, nursing, epidemiology, immunology, law and bioethics, behavioral sciences, economics and statistics, as well...epidemiology and applied statistics; immunology; law and bioethics; behavioral sciences; economics and econometrics;...

2010-09-22

150

78 FR 49276 - Advisory Committee on Organ Transplantation; Request for Nominations for Voting Members  

Federal Register 2010, 2011, 2012, 2013, 2014

...professions, nursing, epidemiology, immunology, law and bioethics, behavioral sciences, economics and statistics, as well...epidemiology and applied statistics; immunology; law and bioethics; behavioral sciences; economics and econometrics;...

2013-08-13

151

77 FR 28607 - Advisory Committee on Organ Transplantation; Request for Nominations for Voting Members  

Federal Register 2010, 2011, 2012, 2013, 2014

...professions, nursing, epidemiology, immunology, law and bioethics, behavioral sciences, economics and statistics, as well...epidemiology and applied statistics; immunology; law and bioethics; behavioral sciences; economics and econometrics;...

2012-05-15

152

Modelling the Labour Market for Teachers: Some Lessons from the UK.  

ERIC Educational Resources Information Center

Describes an econometric modeling of the labor market for teachers in an "administered" market setting in which the government partially controls the main determinants of demand and is very influential in setting teachers' wages. Reviews relevant econometric literature and shows market forces' crucial role. Discusses economic policy implications…

Dolton, Peter

1996-01-01

153

Machine learning approach for crude oil price prediction with Artificial Neural Networks-Quantitative (ANN-Q) model  

Microsoft Academic Search

The volatility of crude oil market and its chain effects to the world economy augmented the interest and fear of individuals, public and private sectors. Previous statistical and econometric techniques used for prediction, offer good results when dealing with linear data. Nevertheless, crude oil price series deal with high nonlinearity and irregular events. The continuous usage of statistical and econometric

S. N. Abdullah; X. Zeng

2010-01-01

154

Pitfalls and Opportunities: What Macroeconomists Should Know About Unit Roots  

Microsoft Academic Search

This paper is an introduction to unit root econometrics as applied in macroeconomics. The paper first discusses univariate time series analysis, emphasizing the following topics: alternative representations of unit root processes, unit root testing procedures, the power of unit root tests, and the interpretation of unit root econometrics in finite samples. A second part of the paper tackles similar issues

John Y. Campbell; Pierre Perron

1991-01-01

155

Foreign Direct Investment and Technology Spillovers in the Turkish Manufacturing Industry  

Microsoft Academic Search

Technology spillovers from foreign to domestic firms in emerging economies are considered to be the most important channel through which Foreign Direct Investment (FDI) influence the host economy. Empirical evidence about the existence, magnitude and direction of FDI-related spillovers in these countries is contradictory pointing to the necessity of conducting more econometric studies using firm-level data. We conduct an econometric

Alper Sönmez; M. Teoman Pamukçu

2011-01-01

156

Essays on electricity market reforms: a cross-country applied approach  

E-print Network

with the econometrics background that I have extensively exploited to prepare the thesis. I would like to extend my sincere thanks and appreciation to Mr. Anthony Haynes, who helped me to improve the language of the thesis. I am grateful to my examiners, Prof... approach ..................................................................... 282 Appendix III-2: Summary of previous econometric studies based on political economy by their focus...

Erdogdu, Erkan

2013-06-11

157

What Do We Know About Economic Growth? Or, Why Don't We Know Very Much?  

Microsoft Academic Search

The last 10 years has seen an explosion in cross country econometric studies of growth, driven by two factors—new mathematical models of the growth process that lend themselves to econometric testing, and new data sets that make such testing possible. This paper looks at a selective review of these studies. It concludes that the results are disappointing in that no

David Williams

2001-01-01

158

The Present and Future of Financial Risk Management  

Microsoft Academic Search

Current research on financial risk management applications of econometrics centers on the accurate assessment of individual market and credit risks with relatively little theoretical or applied econometric research on other types of risk, aggregation risk, data incompleteness, and optimal risk control. We argue that consideration of the model risk arising from crude aggregation rules and inadequate data could lead to

Carol Alexander

2005-01-01

159

CREDIT MARKET ACCESS AND PROFITABILITY IN TUNISIAN AGRICULTURE  

E-print Network

CREDIT MARKET ACCESS AND PROFITABILITY IN TUNISIAN AGRICULTURE Abstract This work develops an econometric model that links credit access with agricultural profitability and investment. Using data. Econometric estimates are run for agricultural investment and profitability as a function of credit access

Foltz, Jeremy D.

160

Endogeneity in Nonparametric and Semiparametri cR egression Models  

Microsoft Academic Search

The analysis of data with endogenous regressors - that is, observable explana- tory variables that are correlated with unobservable error terms - is arguably the main contribution of econometrics to statistical science. Although \\

Richard Blundell; James L. Powell

161

Boise State University Evaluation for Graduation  

E-print Network

: ____________________________________________________________________ Upper-Division Credits:______________________________________ KIN Area II ECON 201 Principles of Macroeconomics ECON 202 Principles of Microeconomics HIST 101, 102 Econometrics 3 3 3 3 Upper-division economics courses 15 Upper-division social science courses Selected from

Barrash, Warren

162

ECONOMICSECONOMICSECONOMICS From healthcare to the environment to law, economic theories help make sense  

E-print Network

: Principles of Microeconomics ECON 205: Principles of Macroeconomics ECON 303: Intermediate Microeconomic ECON 414: Introduction to Econometrics Math Requirement* MATH 118: Fundamental Principles of Calculus: Introduction to C Programming or ITP 110: Introduction to Information Technology Upper Division Elective

Krylov, Anna I.

163

Gas Network Optimization: A comparison of Piecewise Linear Models  

E-print Network

problem in dynamic or steady state conditions based on the development. 59 of different .... acting on the gas particles; and the energy equation (10) corresponding to the. 111 ...... Econometrica: journal of the Econometric Society, 84–110. 607.

2014-06-22

164

Groundwater economics: An object-oriented foundation for integrated studies of irrigated agricultural systems  

Technology Transfer Automated Retrieval System (TEKTRAN)

An integrated foundation is presented to study the impacts of external forcings on irrigated agricultural systems. Individually, models are presented that simulate groundwater hydrogeology and econometric farm level crop choices and irrigated water use. The natural association between groundwater we...

165

Groundwater response to changing water-use practices in sloping aquifers using convolution of transient response functions  

Technology Transfer Automated Retrieval System (TEKTRAN)

An integrated foundation is presented to study the impacts of external forcings on irrigated agricultural systems. Individually, models are presented that simulate groundwater hydrogeology and econometric farm level crop choices and irrigated water use. The natural association between groundwater we...

166

CO2 Abatement in the UK Power Sector: Evidence from the EU ETS Trial Period  

E-print Network

This paper provides an empirical assessment of CO2 emissions abatement in the UK power sector during the trial period of the EU ETS. Using an econometrically estimated model of fuel switching, it separates the impacts of ...

Ellerman, A. Denny

2008-01-01

167

Set identification and sensitivity analysis with Tobin regressors  

E-print Network

We give semiparametric identification and estimation results for econometric models with a regressor that is endogenous, bound censored, and selected; it is called a Tobin regressor. First, we show that the true parameter ...

Chernozhukov, Victor V.

168

Essays on the Predictability and Volatility of Asset Returns  

E-print Network

This dissertation collects two papers regarding the econometric and economic theory and testing of the predictability of asset returns. It is widely accepted that stock returns are not only predictable but highly so. This belief is due...

Jacewitz, Stefan A.

2010-10-12

169

Published in the Proc. of the International Conference on Pattern Recognition (ICPR'02), Quebec City, Canada, August, 2002, Vol 3: 511514. Multilinear Image Analysis for Facial Recognition  

E-print Network

anonymous referees, and seminar par- ticipants at the Canadian Econometrics Study Group Meeting in Quebec City, the Federal Reserve Bank of St. Louis, Johns Hopkins University, the Meetings of the Society

Terzopoulos, Demetri

170

Executive Biography David McAdams  

E-print Network

of Econometrics. Currently, he is an associate editor of Journal of Economic Literature, International Journal-Changer: Game Theory and the Art of Transforming Strategic Situations" (W.W. Norton, 2014). Professor Mc

Reif, John H.

171

Demand Analysis Concerning the Promised Land White and Chocolate Milk Brands in Texas  

E-print Network

This thesis provides a unique perspective to the milk market relative to previous studies. While there is rich literature on the various sectors of the milk market, a contribution to this literature was made by providing a specific econometric...

Bingham, David Eldon

2013-05-03

172

David Neumark CURRICULUM VITAE  

E-print Network

Citizenship EDUCATION: Fields: Labor Economics, Econometrics Thesis Topic: Male-Female Differentials in the Labor Force: Measurement, Causes and Probes. Fellowships: National Science Foundation Graduate Dissertation Award National Institute on Aging, Special Emphasis Research Career Award 2000 Minnesota Award

Al Faruque, Mohammad Abdullah

173

Three essays on nonlinear panel data models and quantile regression analysis  

E-print Network

This dissertation is a collection of three independent essays in theoretical and applied econometrics, organized in the form of three chapters. In the first two chapters, I investigate the properties of parametric and ...

Fernández-Val, Iván

2005-01-01

174

14.384 Time Series Analysis, Fall 2007  

E-print Network

The course provides a survey of the theory and application of time series methods in econometrics. Topics covered will include univariate stationary and non-stationary models, vector autoregressions, frequency domain ...

Mikusheva, Anna, 1976-

175

Virginia Polytechnic Institute & State University College of Agriculture & Life Sciences  

E-print Network

Business Management and Entrepreneurship Marketing Ag. Products Agricultural Law Advanced Agribusiness) AAEC 4204 AAEC 3324 AAEC4324 Any AAEC course not taken above AAEC _ AAEC _ Agricultural Production Econometrics International Agricultural Dev. And Trade Food and Agricultural Policy Environment and Sustainable

Virginia Tech

176

14.30 Introduction to Statistical Method in Economics, Spring 2003  

E-print Network

This course will provide a solid foundation in probability and statistics for economists and other social scientists. We will emphasize topics needed in the further study of econometrics and provide basic preparation for ...

Ellison, Sara Fisher

177

A Moment Approach to Pricing Exotic Options Under Regime ...  

E-print Network

One of the most prominent market behavior documented in econometric studies .... several widely-used options, which include the European, Asian, and Barrier op- tions. ...... Journal of Business and Economic Statistics, 16, 244–253. 25.

2011-08-24

178

14.33 Economics Research and Communication, Spring 2002  

E-print Network

Designed to expose students to the process of conducting independent research in empirical economics and effectively communicating the results of the research. Begins with an econometric analysis of an assigned economic ...

Ellison, Sara Fisher

179

11.126J / 14.48J / 11.249J Economics of Education, Spring 2006  

E-print Network

Discusses the economic aspects of current issues in education, using both economic theory and econometric and institutional readings. Topics include discussion of basic human capital theory; the growing impact of education ...

Levy, Frank, 1941-

180

The organization and management of nuclear power plants  

E-print Network

The explanation of aggregate and sectoral investment behavior has been one of the less successful endeavors in empirical economics. Existing econometric models have had little success in explaining or ...

Carroll, John S.

1990-01-01

181

Contact Information Department of Economics  

E-print Network

for Plasma Physics (Munich, Germany) · Elected Member ­ International Statistical Institute · Senior Visiting and Maximum Entropy Econometrics (Copenhagen, May, 1999). · The Max-Planck Institute for Plasma Physics, one

Kim, Kiho

182

Bachelor of Science in Industrial Engineering Concentration Form AY 2013-2014  

E-print Network

Money and Banking **Bus Inst 394 Professional Linkage Seminar Econ 339 Labor Economics Econ 309 Elements 399 Math 364 Game Theory Econ 281 Intro to Applied Econometrics Production and Logistics *IEMS 399

Hazen, Gordon

183

Bachelor of Science in Industrial Engineering Concentration Form AY 2014-2015  

E-print Network

Money and Banking **Bus Inst 394 Professional Linkage Seminar Econ 339 Labor Economics Econ 309 Elements 399 Math 364 Game Theory Econ 281 Intro to Applied Econometrics Production and Logistics *IEMS 399

Hazen, Gordon

184

Essays on social networks in development economics  

E-print Network

This thesis examines the role that social networks play in developing economies. The first two chapters analyze econometric issues that arise when researchers work with sampled network data. The final two chapters study ...

Chandrasekhar, Arun Gautham

2012-01-01

185

Inflation Uncertainty, Output Growth Uncertainty and Macroeconomic Performance: Comparing Alternative  

E-print Network

Inflation Uncertainty, Output Growth Uncertainty and Macroeconomic Performance: Comparing severe financial and economic crisis, accompanied by inflation and exchange rate instability, Eastern and Inflation targeting). The task of our study is to compare econometrically the performance of these two

Paris-Sud XI, Université de

186

39 CFR 3050.26 - Documentation of demand elasticities and volume forecasts.  

Code of Federal Regulations, 2011 CFR

...estimates of demand elasticity for all postal products accompanied by the underlying econometric models and the input data sets used; and a volume forecast for the current fiscal year, and the underlying volume forecasting...

2011-07-01

187

39 CFR 3050.26 - Documentation of demand elasticities and volume forecasts.  

Code of Federal Regulations, 2010 CFR

...estimates of demand elasticity for all postal products accompanied by the underlying econometric models and the input data sets used; and a volume forecast for the current fiscal year, and the underlying volume forecasting...

2010-07-01

188

Identifying and estimating the distributional effects of unionization and the long-term consequences of military service  

E-print Network

This thesis is concerned with the economic consequences for individuals of two important U.S. labor market institutions: unionization and the military draft. The first chapter develops an econometric procedure for estimating ...

Frandsen, Brigham R

2010-01-01

189

Forecasting and Risk Simulation: Proposed Analytical Tool  

E-print Network

Advances in econometrics and financial mathematics are still confined to use within the domains of stocks, bonds, shares, currency exchanges and derivatives markets. Extracting the principles (see paper by Datta & Granger) ...

Datta, Shoumen

2008-08-01

190

Modeling of Travel Time Variations on Urban Links in London  

E-print Network

An econometric framework was developed to combine data from various sources to identify the key factors contributing to travel time variations in Central London. Nonlinear latent variable regression models that explicitly ...

Hasan, Samiul

191

The residential demand for electricity in New England,  

E-print Network

The residential demand for electricity, studied on the national level for many years, is here investigated on the regional level. A survey of the literature is first presented outlining past econometric work in the field ...

Levy, Paul F.

1973-01-01

192

T H E U N I V E R S I T Y O F THE GRADUATE SCHOOL  

E-print Network

for Entrepreneurship 87 George J. Stigler Center for the Study of the Economy and the State 87 Initiative on Chicago Communications 36 Econometrics and Statistics 37 Economics 38 Entrepreneurship 39 Financial Management 40 General

He, Chuan

193

THE UNIVERSITY of CHICAGO THE GRADUATE SCHOOL  

E-print Network

for Entrepreneurship 96 George J. Stigler Center for the Study of the Economy and the State 96 James M. Kilts Center Communications 48 Econometrics and Statistics 48 Economics 49 Entrepreneurship 51 Financial Management 52 General

He, Chuan

194

Estimating Marginal Cost of Quality Improvements: The Case of the UK Electricity Distribution Companies  

E-print Network

The main aim of this paper is to develop an econometric approach to estimation of marginal costs of improving quality of service. We implement this methodology by way of applying it to the case of the UK electricity distribution networks...

Jamasb, Tooraj; Orea, Luis; Pollitt, Michael G.

195

Bayesian Analysis, Computation and Communication Homepage  

NSDL National Science Digital Library

The Bayesian Analysis, Computation and Communication site is being developed by Siddhartha Chib and John Gweke from the University of Minnesota for the project Bayesian Communication in the Social Sciences. The site provides software codes for the Bayesian communication software, utility routines and Markov chain Monte Carlo sampling of econometric models developed under the project. A software manual and an article by John Gweke titled "Using Simulation Methods for Bayesian Econometric Models: Inference, Development and Communication" is also available at the site.

196

Time Series Simulation with Quasi Monte Carlo Methods  

Microsoft Academic Search

This paper compares quasi Monte Carlo methods, in particularso-called (t, m, s)-nets, with classical Monte Carlo approaches forsimulating econometric time-series models. Quasi Monte Carlomethods have found successful application in many fields, such asphysics, image processing, and the evaluation of financederivatives. However, they are rarely used in econometrics. Here,we apply both traditional and quasi Monte Carlo simulation methodsto time-series models that

Jenny X. Li; Peter Winker

2003-01-01

197

U.S. Energy Policy and Economic Growth, 1975-2000  

Microsoft Academic Search

This paper presents a new approach to the quantitative analysis of U.S. energy policy, based on an integration of econometric modeling and input-output analysis. It incorporates a new methodology for assessing the impact of economic policy on both demand and supply for energy within a complete econometric model of the U.S. economy. The model consists of production models for nine

Edward A. Hudson; Dale W. Jorgenson

1974-01-01

198

The effect of relationship status on health with dynamic health and persistent relationships.  

PubMed

The dynamic evolution of health and persistent relationship status pose econometric challenges to disentangling the causal effect of relationships on health from the selection effect of health on relationship choice. Using a new econometric strategy we find that marriage is not universally better for health. Rather, cohabitation benefits the health of men and women over 45, being never married is no worse for health, and only divorce marginally harms the health of younger men. We find strong evidence that unobservable health-related factors can confound estimates. Our method can be applied to other research questions with dynamic dependent and multivariate endogenous variables. PMID:24769050

Kohn, Jennifer L; Averett, Susan L

2014-07-01

199

Fellows Program 2011 Annual Report  

E-print Network

, humanities, and social sciences, sciences and engineering. Please visit our website for more information and with a background in both the natural sciences and the social sciences Dr. Lin, uses economics and econometrics and strategic factors in the decision to invest in alternative energy and alternative fuels with the aim

Lin, C.-Y. Cynthia

200

Empirical Research on Price Discovery Efficiency in Electricity Futures Market  

Microsoft Academic Search

The electricity futures market is an inevitable product from the development of electricity spot market, it is advantageous to discover the real price of electric power and reduce the risk of electricity market. In this paper, by means of the new models and methods in Econometrics, like the cointegration analysis, the error correction model, the Granger causality test, the impulse

Weilin Feng; Sidong Liu; Mingyong Lai; Xuehua Deng

2007-01-01

201

Wagner's hypothesis: evidence from Kuwait using cointegration tests  

Microsoft Academic Search

This paper investigates the relationship between public expenditure and a number of socioeconomic variables, including the level of income, in Kuwait. A general form of the public expenditure function is formulated and recent developments in time series econometrics, including unit roots and cointegration tests, and an error-correction model are used. Given the characteristics of the economy, alternative measures for each

Nadeem A. Burney

2002-01-01

202

Contribution of oil to the economic development in Kuwait (1962-1981): a macroeconometric approach  

Microsoft Academic Search

A simultaneous-equations econometric model for the Kuwaiti economy is developed. Emphasis is placed on the supply side of the economy, and on the linkages between the Kuwait economy and the world economy via trade, investment, and money markets. In addition, the oil sector is integrated into the economy. The model provides a measure of the over-all contribution of oil to

Hegazey

1985-01-01

203

A TEST OF THE MONEY MULTIPLIER MODEL FOR A SMALL OPEN ECONOMY: THE CASE OF KUWAIT \\/ TEST DU MODELE MULTIPLICATEUR POUR UNE ECONOMIE PETITE OUVERTE: LE CAS DU KOWEIT  

Microsoft Academic Search

The objective of this paper is to test the validity of the money multiplier model for small open economies using Kuwait as a case study. A battery of econometric tests reveals the absence of a long-run relationship between broad money and the monetary base. Although the necessary condition for such a relationship is satisfied in the case narrow money, the

Nabeel E. Al-Loughani; Imad A. Moosa

1996-01-01

204

Calculating the efficiency of electricity and natural gas networks in regulated energy markets  

Microsoft Academic Search

Due to the liberalization of European electricity and natural gas markets and the implementation of regulatory authorities, evaluating the efficiency of electrical and natural gas networks has gained in importance over the last years. Besides econometric methods, algorithms originally developed for network planning may be used for calculating optimal cost-efficient networks as a benchmark for existing networks. In this contribution,

T. Paulun; H.-J. Haubrich; C. Maurer

2008-01-01

205

Potential Impact of Increased Numbers of Physicians upon Physician Behavior, Access to, and Cost of, Medical Care. Final Report.  

ERIC Educational Resources Information Center

The potential impact of the increasing supply of physicians on physician behavior, the cost of medical services, and access to services is addressed in detail in this final research report. Econometric modeling and analyses of economic activity within the health sector were undertaken. An eight equation model of the hospital and physician sectors…

Musgrave, Gerald L.

206

Education and Nonmetropolitan Income Growth in the South.  

ERIC Educational Resources Information Center

Investigations of the linkages between improved schools and local economic development are rare. This paper considers several models that introduce human capital as a potential source of economic growth in the rural South. Results from various econometric models indicate that across the South, county per capita income growth rates from 1970 to…

Henry, Mark; Barkley, David; Li, Haizhen

207

The effect of physician advice on alcohol consumption: count regression with an endogenous treatment effect  

Microsoft Academic Search

Although there are encouraging trends, alcohol abuse continues to be a significant public health problem. Econometric studies of alcohol demand have yielded a great deal of information for alcohol abuse prevention policy. These studies suggest that higher alcohol taxes and stricter drunk-driving policies can reduce heavy drinking and drunk driving. In this paper we explore the role physician advice plays

Donald S. Kenkel; Joseph V. Terza

2001-01-01

208

Simulating Travel Reliability  

Microsoft Academic Search

We present a simulation model designed to determine the impact on congestion of policies for dealing with travel time uncertainty. The model combines a supply side model of congestion delay with a discrete choice econometric demand model that predicts scheduling choices for morning commute trips. The supply model describes congestion technology and exogenously specifies the probability, severity, and duration of

Robert B. Noland; Kenneth A. Small; Pia Maria Koskenoja; Xuehao Chu

1997-01-01

209

Simulating travel reliability  

Microsoft Academic Search

We present a simulation model designed to determine the impact on congestion of policies for dealing with travel time uncertainty. The model combines a supply side model of congestion delay with a discrete choice econometric demand model that predicts scheduling choices for morning commute trips. The supply model describes congestion technology and exogenously specifies the probability, severity, and duration of

Robert B. Noland; Kenneth A. Small; Pia Maria Koskenoja; Xuehao Chu

1998-01-01

210

What Marshall Didn'T Know: On The Twentieth Century'S Contributions To Economics  

Microsoft Academic Search

Some of this century's many valuable contributions to economics, like macroeconomics, econometrics, and game theory, are widely recognized. However, arguably equally important is the enhanced role of empirical study permitted by more abundant data and improved methods. Also insufficiently recognized are the increased rigor and use of applied economics in public finance, regulation, corporation finance, etc., employing abstract theory and

WIlliam J. Baumol

2000-01-01

211

Income's effect on car and vehicle ownership, worldwide: 1960–2015  

Microsoft Academic Search

This paper makes projections of the growth in the car and total vehicle stock to the year 2015, for OECD countries and a number of developing economies, including China, India, and Pakistan. The projections are based on an econometrically estimated model that explains the growth of the car\\/population ratio (`car ownership') as a function of per-capita income; a similar model

Joyce Dargay; Dermot Gately

1999-01-01

212

Software cost estimation using an Albus perceptron (CMAC)  

Microsoft Academic Search

Machine learning techniques such as neural networks, rule induction, genetic algorithms and case-based reasoning are finding applications in a wide variety of fields such as computer vision, econometrics and medicine, where human abilities have proven to be superior to those of computers. Such techniques hold the promise of being able to make sense of a variety of inputs of different

Bill Samson; David Ellison; Pat Dugard

1997-01-01

213

Using Shocks to School Enrollment to Estimate the Effect of School Size on Student Achievement  

ERIC Educational Resources Information Center

Previous studies of the connection between school enrollment size and student achievement use cross-sectional econometric models and thus do not account for unobserved heterogeneity across schools. To address this concern, I utilize school-level panel data, and generate first-differences estimates of the effect of school size on achievement.…

Kuziemko, Ilyana

2006-01-01

214

Statistical Cost Estimation in Higher Education: Some Alternatives.  

ERIC Educational Resources Information Center

Recent developments in econometrics that are relevant to the task of estimating costs in higher education are reviewed. The relative effectiveness of alternative statistical procedures for estimating costs are also tested. Statistical cost estimation involves three basic parts: a model, a data set, and an estimation procedure. Actual data are used…

Brinkman, Paul T.; Niwa, Shelley

215

Forecasting tourism demand: A review of empirical research  

Microsoft Academic Search

Accuracy is particularly important when forecasting tourism demand on account of the perishable nature of the product. The main methods used to forecast tourism demand which are reported in published empirical studies are discussed, together with the empirical findings. The vast majority of such studies are concerned with econometric modelling\\/forecasting, and the most appropriate explanatory variables are examined. Particular emphasis

Stephen F. Witt; Christine A. Witt

1995-01-01

216

AGRICULTURAL SIMULATION MODEL (AGSIM)  

EPA Science Inventory

AGSIM is a large-scale econometric simulation model of regional crop and national livestock production in the United States. The model was initially developed to analyze the aggregate economic impacts of a wide variety issues facing agriculture, such as technological change, pest...

217

Monotone Instrumental Variables, with an Application to the Returns to Schooling  

Microsoft Academic Search

FOR FIFTY YEARS ECONOMETRIC ANALYSES of treatment response have made extensive use of instrumental variable (IV) assumptions holding that mean response is constant across specified subpopulations of a population of interest.2 Yet the credibility of mean independence conditions and other IV assumptions has often been a matter of consider- able disagreement, with much debate about whether some covariate is or

Charles F. Manski; John V. Pepper

2000-01-01

218

Modeling EU electricity market competition using the residual supply index  

SciTech Connect

An econometric approach to related hourly Residual Supply Index to price-cost margins in the major EU electricity generation markets suggests that market structure, as measured by the RSI, is a significant explanatory factor for markups, even when scarcity and other explanatory variables are included. (author)

Swinand, Gregory; Scully, Derek; Ffoulkes, Stuart; Kessler, Brian

2010-11-15

219

Doing a Monty: Who Opened the Door to This Game for Economists?  

ERIC Educational Resources Information Center

The Monty Hall three-door, "Let's Make a Deal" game, named after the 1970s television show, is used widely in economics, econometrics, statistics, and game-theory-based teaching, as well as in many other disciplines. Its solutions and underlying assumptions arouse great passion and argument, in both the academic and popular press. Most economists…

Round, David K.

2007-01-01

220

Consolidation and market structure in emerging market banking systems  

Microsoft Academic Search

This paper examines the evolution of market structure in emerging markets banking systems during the 1990s. While a significant process of bank consolidation has been taking place in these countries, reflected in a sharp decline in the number of banks, this process has not systematically been associated with increased concentration as measured by standard indices. Moreover, econometric estimates based on

R. G. Gelos; Jorge Roldós

2004-01-01

221

TRACKING THE EMISSION OF CARBON DIOXIDE BY NATION, SECTOR, AND FUEL TYPE: A TRACE GAS ACCOUNTING SYSTEM (TGAS)  

EPA Science Inventory

The paper describes a new way to estimate an efficient econometric model of global emissions of carbon dioxide (CO2) by nation, sector, and fuel type. Equations for fuel intensity are estimated for coal, oil, natural gas, electricity, and heat for six sectors: agricultural, indus...

222

Discretion versus policy rules in practice  

Microsoft Academic Search

This paper examines how recent econometric policy evaluation research on monetary policy rules can be applied in a practical policymaking environment. According to this research, good policy rules typically call for changes in the federal funds rate in response to changes in the price level or changes in real income. An objective of the paper is to preserve the concept

John B. Taylor

1993-01-01

223

Duration Models to Analyze Dating Relationship: The Controversial Role of Gift Giving.  

ERIC Educational Resources Information Center

Econometric duration models were used to analyze dating relationships of 225 college students. Using gifts to enhance the self, express love, and announce relationships helped ensure the success of relationships. Gifts that were too frequent or rare resulted in self-depreciation and anxiety and harmed relationships. (SK)

Huang, Ming-Hui; Yu, Shihti

2000-01-01

224

Overseas Work Experience, Savings and Entrepreneurship Amongst Return Migrants to LDCs  

Microsoft Academic Search

Abstract This paper contributes to a ,small but rapidly growing ,literature concerned ,with the potentially substantial implications of international migration ,for economic,development ,in LDCs. We study the linkages between overseas employment, savings and entrepreneurial activity on return. In an econometric model of the probability of entrepreneurial activity, we find evidence supporting the hypotheses that both overseas savings, and the duration

Barry McCormick; Jackline Wahba

2000-01-01

225

From healthcare to the environment to law, economic theories help make sense of complex issues. In USC Dornsife's Economics department, economic theory is  

E-print Network

* ECON 203: Principles of Microeconomics ECON 205: Principles of Macroeconomics ECON 303: Intermediate for Economists ECON 414: Introduction to Econometrics Math Requirement* MATH 118: Fundamental Principles Division Elective Requirements* Four (4) 300/400-level ECON courses, two of which must be 400-level Upper

Rohs, Remo

226

The Adoption of Reduced Tillage: The Role of Human Capital and Other Variables  

Microsoft Academic Search

This paper presents a model of adoption behavior and explains differences econometrically in farmers' decisions to adopt reduced-tillage practices and in the efficiency of farmers' adoption decisions. The empirical results, obtained from microdata, show that the probability of adopting reduced tillage in corn enterprises differs widely across farms and depends on soil characteristics, cropping systems, and size of farming operation.

Michael R. Rahm; Wallace E. Huffman

1984-01-01

227

On the Incidence of Civil War in Africa  

Microsoft Academic Search

An econometric model of civil war is applied to the analysis of conflict in sub-Saharan Africa. Results show that Africa has had a similar incidence of civil conflict to other developing regions, and, with minor exceptions, its conflicts are consistent with the global pattern of behavior. However, the structure of risk differs considerably from other regions. Africa's economic characteristics have

PAUL COLLIER; ANKE HOEFFLER

2002-01-01

228

Real versus Hypothetical Willingness to Accept: The Bishop and Heberlein Model Revisited  

Microsoft Academic Search

To study the validity of survey-based contingent value estimates, Bishop and Heberlein (Amer. J. Agr. Econom. 61, 926-930, 1979) compared people's stated and real willingness to accept (WTA) for hunting permits. This paper reconsid- ers the econometric issue of estimating their referendum models by allowing for decison uncertainty in individual choices. The results indicate that the hypothet- ical WTA is

Chuan-Zhong Li; Karl-Gustaf Löfgren; W. Michael Hanemann

1995-01-01

229

The Kuznets curve for the environment and economic growth: examining the evidence  

Microsoft Academic Search

Recent research has examined the relationship between certain indicator of environmental quality and income, concluding on the basis of econometric estimation that in some cases an inverted-U relationship, which has been called an environmental Kuznets curve (EKC), exists between these variables. There has been speculation on the implications of this for economic and environmental policy. In this paper I examine

P Ekins

1997-01-01

230

Stock markets, banks, and economic growth: Empirical evidence from the MENA region  

Microsoft Academic Search

Over the last four decades, a wide theoretical debate is concerned with the fundamental relationship between financial development and economic growth. Recent studies shed some light on the simultaneous effect of banks and financial system development on growth rather than a separate impact. The empirical study is conducted using an unbalanced panel data from 11 MENA region countries. Econometric issues

Samy Ben Naceur; Samir Ghazouani

2007-01-01

231

What Do We Learn About Consumer Demand Patterns from Micro Data?  

Microsoft Academic Search

The aim of this paper is to assess the importance of using micro-level data in the econometric analysis of consumer demand. To do this, the authors utilize a time series of repeated cross sections covering some 4,000 households in each of fifteen years. Employing a number of different aggregation procedures, they conclude that aggregate data alone are unlikely to produce

Richard Blundell; Panos Pashardes; Guglielmo Weber

1993-01-01

232

Dynamic panel data models: a guide to micro data methods and practice  

Microsoft Academic Search

This paper reviews econometric methods for dynamic panel data models, and presents examples that illustrate the use of these procedures. The focus is on panels where a large number of individuals or firms are observed for a small number of time periods, typical of applications with microeconomic data. The emphasis is on single equation models with autoregressive dynamics and explanatory

Stephen R. Bond

2002-01-01

233

Micro Data, Heterogeneity, and the Evaluation of Public Policy: Nobel Lecture  

Microsoft Academic Search

This paper summarizes the contributions of microeconometrics to economic knowledge. Four main themes are developed. (1) Microeconometricians developed new tools to respond to econometric problems raised by the analysis of the new sources of micro data produced after the Second World War. (2) Microeconometrics improved on aggregate time-series methods by building models that linked economic models for individuals to data

James J. Heckman

2001-01-01

234

Disentangling the Circularity in Sen's Capability Approach: An Analysis of the Co-Evolution of Functioning Achievement and Resources  

ERIC Educational Resources Information Center

There is an ambiguity in Amartya Sen's capability approach as to what constitutes an individual's resources, conversion factors and valuable functionings. What we here call the "circularity problem" points to the fact that all three concepts seem to be mutually endogenous and interdependent. To econometrically account for this entanglement we…

Binder, Martin; Coad, Alex

2011-01-01

235

Key Management Challenges in Smart Grid  

SciTech Connect

Agenda Awarded in February 2011 Team of industry and research organizations Project Objectives Address difficult issues Complexity Diversity of systems Scale Longevity of solution Participate in standards efforts and working groups Develop innovative key management solutions Modeling and simulation ORNL Cyber Security Econometric Enterprise System Demonstrate effectiveness of solution Demonstrate scalability

Sheldon, Frederick T [ORNL] [ORNL; Duren, Mike [Sypris Electronics, LLC] [Sypris Electronics, LLC

2012-01-01

236

Automatic Synthesis of Both the Topology and Tuning of a Common Parameterized Controller for Two Families of Plants  

E-print Network

Families of Plants using Genetic Programming Martin A. Keane Econometrics Inc. Chicago, Illinois makeane) for a common parameterized controller for all the plants in two families of plants that are representative that it contains free variables representing the characteristics of the particular plant. The genetically evolved

Fernandez, Thomas

237

Automatic Synthesis of Both the Topology and Tuning of a Common Parameterized Controller for Two Families of Plants using Genetic  

E-print Network

Families of Plants using Genetic Programming Martin A. Keane Econometrics Inc. Chicago, Illinois makeane) for a common parameterized controller for all the plants in two families of plants that are representative that it contains free variables representing the characteristics of the particular plant. The genetically evolved

Fernandez, Thomas

238

Sources and Effects of Instability in the World Rice Market  

Microsoft Academic Search

This report reassesses the causal link between domestic agricultural policies and world price instability, using the case of the rice market. Specifically, the report develops a framework for analyzing the effects of domestic policies on international price stability, identifies the conditions required for government policies to destabilize world markets and econometrically examines whether these conditions apply to the trade behavior

Thomas S. Jayne

1993-01-01

239

Spatial Competition in Retail Markets: Movie Theaters  

Microsoft Academic Search

Retail markets are extremely important, but economists have few practical tools for analyzing the way dispersed buyers and sellers afiect the properties of markets. In this paper, I develop an econometric model of retail demand, a model in which products are location speciflc and consumers have preferences over both geographic and other product characteristics. I show how to incorporate data

Peter Davis

2000-01-01

240

The Centre for Statistics at Goettingen University, Germany, is inviting applications for 1 PhD Position in Ecology  

E-print Network

D Position in Ecology (75 % E 13 TV-L) within the Research Training Group (RTG) 1644 `Scaling Problems at the solution of current questions in the areas of agricultural economics, ecology, econometrics, genetics in Ecological Modelling, Ecological Sciences, Animal Ecology, Applied Mathematics, or in related fields, has

Munk, Axel

241

Norms and economic motivation in the Swedish green electricity market  

Microsoft Academic Search

The purpose of this paper is to provide an econometric analysis of the most important determinants of Swedish households' choice to pay a price premium for “green” electricity. We draw on recent developments in the literature on integrating norm-motivated behavior into neoclassical consumer theory, and assume that individuals have a preference for keeping a self-image as a morally responsible person.

Kristina Ek; Patrik Söderholm

2008-01-01

242

Effects of political-economic integration and trade liberalization on exports of Italian Quality Wines Produced in Determined Regions (QWPDR)  

Microsoft Academic Search

The aim of this work is to explain the magnitude of the trade flows for high quality wine from Italy to its main importing countries. This objective has been reached by establishing an appropriate econometric model derived from an extended form of the “Gravity Model”. This model has been broadly applied to the analysis of international trade because it provides

Antonio Seccia; Fabio Gaetano Santeramo; Giuseppe De Blasi; Domenico Carlucci

2007-01-01

243

Speed limit laws in America: The role of geography, mobility and ideology  

Microsoft Academic Search

Speed limits had been centralized at the federal level since 1974, until decisions were devolved to the states in 1995. However, the centralization debate has reemerged in recent years. This paper conducts the first econometric analysis of the determinants of speed limit laws and State reactions after the repeal. By using mobility, geographic and political variables, our results suggest that

Daniel Albalate; Germà Bel

2012-01-01

244

Speed limit laws in America: Economics, politics and geography  

Microsoft Academic Search

The regulation of speed limits in the US had been centralized at the federal level since 1974, until decisions were devolved to the states in 1995. However, the centralization debate has reemerged in recent years. Here, we conduct the first econometric analysis of the determinants of speed limit laws. By using economic, geographic and political variables, our results suggest that

Daniel Albalate; Germà Bel

2010-01-01

245

Estimating Brand Level Demand Elasticities and Measuring Market Power for Regular Carbonated Soft Drinks  

Microsoft Academic Search

This paper reports econometric estimation of brand level demand (AIDS) elasticities for regular carbonated soft drinks using Information Resources, Inc. panel data. Own and cross price elasticities are used to measure actual and hypothetical market power that would arise from potential mergers or collusive pricing arrangements.

Glenn E. Langan; Ronald W. Cotterill

1994-01-01

246

Leisure travel in Europe and airline business models: A study of regional airports in Great Britain  

Microsoft Academic Search

Tourism and air transport are explicitly linked especially in the context of leisure traffic. This paper highlights this relationship by focusing on the impact of the three main airline business models (traditional scheduled, charter and low-cost) on regional airports using Britain as a case study. The panel data econometric results show that despite the current perception, low cost carriers are

Andreas Papatheodorou; Zheng Lei

2006-01-01

247

Crop genetic diversity, farm productivity and the management of environmental risk in rainfed agriculture  

Microsoft Academic Search

This paper presents an assessment of the linkages between crop genetic diversity, farm productivity and risk management. A flexible moment-based approach is used to analyse the impact of crop genetic diversity on the mean, variance and skewness of yield. Using farm-level data from Sicily (Italy), econometric evidence shows how crop genetic diversity can increase farm productivity and reduce risk exposure.

Salvatore Di Falco; Jean-Paul Chavas

2006-01-01

248

Inflation and growth: Explaining a negative effect  

Microsoft Academic Search

The paper presents a monetary model of endogenous growth and specifies an econometric model consistent with it. The economic model suggests a negative inflation-growth effect, and one that is stronger at lower levels of inflation. Empirical evaluation of the model is based on a large panel of OECD and APEC member countries over the years 1961–1997. The hypothesized negative inflation

Max Gillman; Mark N. Harris; László Mátyás

2004-01-01

249

Policy Evaluation and Empirical Growth Research  

Microsoft Academic Search

This paper provides a critique of the use of growth regressions to derive policy implications. The author challenges the conventional interpretation of empirical results, arguing that current econometric practice has yielded a body of evidence that is not policy relevant. Extending his own previous work, the author raises two issues of critical importance for policy purposes. First, policy recommendations arising

Steven N. Durlauf

2003-01-01

250

CERNA WORKING PAPER SERIES Assessing Indicators of Patent Quality  

E-print Network

1 CERNA WORKING PAPER SERIES Assessing Indicators of Patent Quality: Complex vs. Discrete-00488275,version1-1Jun2010 #12;2 Assessing Indicators of Patent Quality: Complex vs. Discrete Technologies indicators of patent quality in complex and discrete technologies using factor analysis and econometric

251

Patents and R&D: Is There A Lag?  

Microsoft Academic Search

This paper extends earlier work on the RID to patents relationship (Pakes-Griliches 1980, and Hausman, Hall, and Griliches,1984) to a larger but shorter panel of firms. The focus of the paper is on solving a number of econometric problems associated with the discreteness of the dependent variable and the shortness of the panel in the time dimension. We compare weighted

Bronwyn H. Hall; Jerry A. Hausman

1986-01-01

252

Introduction to Statistical Methods in Economics - Lecture Notes  

NSDL National Science Digital Library

This course is a self-contained introduction to statistics with economic applications. Elements of probability theory, sampling theory, statistical estimation, regression analysis, and hypothesis testing. It uses elementary econometrics and other applications of statistical tools to economic data. It also provides a solid foundation in probability and statistics for economists and other social scientists.

Mit

253

The dynamic impact of macroeconomic factors on initial public offerings: evidence from time-series analysis  

Microsoft Academic Search

This article examines the explanatory power and the dynamic impact of macroeconomic conditions on Initial Public Offering (IPO) activities in US during the period from 1970 to 2005. Applying time-series econometric techniques, we find the existence of long-run equilibrium relationships between IPO activities and selected macroeconomic variables. Stock market performance and volatility are shown to play the most important role

Anh L. Tran; Bang Nam Jeon

2011-01-01

254

The impact of financial development on carbon emissions: An empirical analysis in China  

Microsoft Academic Search

Given the complexity between China's financial development and carbon emissions, this paper uses some econometric techniques, including cointegration theory, Granger causality test, variance decomposition, etc., to explore the influence of financial development on carbon emissions. Results indicate that, first, China's financial development acts as an important driver for carbon emissions increase, which should be taken into account when carbon emissions

Yue-Jun Zhang

2011-01-01

255

The Effect of Neighborhood Characteristics and Spatial Spillover on Urban Juvenile Delinquency and Recidivism  

Microsoft Academic Search

The objective of this research is to investigate the relationship between neighborhood characteristics and juvenile delinquency and recidivism (the proportion of delinquents who commit crimes following completion of a court-ordered program) in Philadelphia, Pennsylvania. We acquired data on collective efficacy, socioeconomic character, and crime for input into multivariate ordinary least squares (OLS) and spatial econometric regression analyses. Both delinquency and

Jeremy Mennis; Philip W. Harris; Zoran Obradovic; Alan J. Izenman; Heidi E. Grunwald; Brian Lockwood

2011-01-01

256

Unionism and Productivity in West Virginia Coal Mining.  

ERIC Educational Resources Information Center

This study presents econometric estimates of the effects of unionism on productivity in 83 West Virginia coal mines in the early 1920s. Results show that unionism significantly reduced productivity at small mines but not at large mines. The author ascribes this effect to systematic differences between small and large operations in the quality of…

Boal, William M.

1990-01-01

257

Potential Impact of Increased Numbers of Physicians upon Physician Behavior, Access to, and Cost of, Medical Care. Executive Summary.  

ERIC Educational Resources Information Center

A study that forecast the consequences of the projected growth in the number of practicing U.S. physicians during the 1980s and beyond is summarized. Attention was directed to the potential impact of the increasing supply of physicians on physician behavior, the cost of medical services, and access to services. Econometric modeling and analysis of…

Musgrave, Gerald L.

258

Altruism in the "Market" for Giving and Receiving: A Case of Higher Education.  

ERIC Educational Resources Information Center

Examines donations to colleges as an outcome of simultaneously solving supply and demand functions. Donors demand attention and prestige supplied by college fund raisers. Using data from 13 colleges, this econometric study shows that the demand side has a unitary elasticity concerning per person donations, while the supply side seems inelastic.…

Yoo, Jang H.; Harrison, William B.

1989-01-01

259

Privately Operated Water Utilities, Municipal Price Negotiation, and Estimation of Residential Water Demand: The Case of France  

Microsoft Academic Search

This paper addresses the issue of price negotiation between a municipality and a private water utility operator, and its implications for residential water demand estimation. We use appropriate econometric procedures to estimate a water demand equation on a panel of French municipalities. We find evidence that negotiated water price depends on municipality's characteristics, causing endogeneity of price in the demand

Céline Nauges; Alban Thomas

2000-01-01

260

Measuring market distortion: international comparisons, policy and competitiveness  

Microsoft Academic Search

This paper develops a framework to simultaneously estimate production possibility frontiers and measure distortions in factor and product markets. The econometric results, based on a panel of 61 countries over the period 1970 through 1985, reveal very little distortion in factor markets but considerable distortion in product markets. In addition, the distortions tend to vary with the cyclical behaviour of

Bruce M. Skoorka

2000-01-01

261

Livestock as a buffer against HIV and AIDS income shocks in the rural households of Zimbabwe  

Microsoft Academic Search

The objective of this study was to determine the extent to which households use livestock sales to mitigate the impact of HIV\\/AIDS income shocks. Using survey data from the Muzarabani and Bindura districts of Mashonaland Central Province in Zimbabwe, the econometric analysis indicated that livestock, particularly poultry and small stock, play a significant role in smoothing income fluctuations due to

Munyaradzi J Mutenje; Cletos Mapiye; Zira Mavunganidze; Marizvikuru Mwale; Violet Muringai; Constance S Katsinde; Ivy Gavumende

2008-01-01

262

Competitividad de la carne de bovino en México. Ganadores y perdedores  

Microsoft Academic Search

It determines out the variables and policies, and carries simulations, which in the short and long run induce major impacts in the competitiveness of the Mexican cattle and beef activity, pointing out both winning and losing agents, consumer included, and competitive advantages and specialization of producing regions. In doing the above, utilizes two interactive models: an econometric one for the

Pedro Reyes Ortega

1996-01-01

263

The Demand for Multiple Peril Crop Insurance: Evidence from Montana Wheat Farms  

Microsoft Academic Search

An econometric analysis of the demand for multiple peril crop insurance is carried out for a sample of 370 Montana wheat farms. The study is the first to model the farm's participation and coverage-level decisions separately through Heckman two-stage estimation procedures. These decisions are shown to be determined in different ways. In addition, farms with positive expected returns from insurance

Vincent H. Smith; Alan E. Baquet

1996-01-01

264

Linkages between the markets for crude oil and the markets for refined products  

Microsoft Academic Search

To understand the crude oil price determination process it is necessary to extend the analysis beyond the markets for petroleum. Crude oil prices are determined in two closely related markets: the markets for crude oil and the markets for refined products. An econometric-linear programming model was developed to capture the linkages between the markets for crude oil and refined products.

Didziulis

1990-01-01

265

Crude Oil Price Determinants  

Microsoft Academic Search

Based on monthly observations, I specify an econometric model capturing the driving forces behind the crude oil price series in recent years. A large set of covariates, such as supply and demand variables as well as futures market variables, is used to test the impact on the crude oil price. Current price movements are a result of scarce refining capacity

Jochen Moebert

2007-01-01

266

Testing for deterministic chaos in futures crude oil price; Does neural network lead to better forecast?  

Microsoft Academic Search

ABSTRACT The movements in oil prices are very complex and therefore, seem to be unpredictable. One of the main challenges of the econometric models is to forecast such a seemingly unpredictable economic ,series. The traditional linear structural models ,have not been promising when used for forecasting, particularly in the case of complex series such as oil prices. Although linear and

Saeed Moshiri; Faezeh Foroutan

267

Determinants of university participation in EU-funded R&D cooperative projects  

Microsoft Academic Search

This paper examines the factors that influence university participation in R&D cooperative projects supported by the EU, using an original data set of the total population of universities in the EU countries in 1992. An econometric model is developed to test for the relevance of university size, scientific research productivity, and other fixed factors on two dependent variables. The first

Aldo Geuna

1998-01-01

268

SUR 4430 Surveying and Mapping Practice Syllabus Instructor: Dr. Dave Gibson  

E-print Network

SUR 4430 Surveying and Mapping Practice Syllabus Instructor: Dr. Dave Gibson 303 Reed Lab 392: Course Manual Materials supplied TOPICS: Professional Surveying and Mapping Lecture: Content of a Survey Drawing Lecture: An Econometric Model for Surveying Lecture: Survey Data Flow, Computations Lecture

Slatton, Clint

269

Schooling and Cognitive Achievements of Children in Morocco: Can the Government Improve Outcomes? World Bank Discussion Papers, No. 264.  

ERIC Educational Resources Information Center

This paper uses data from the Morocco Living Standard Survey in an econometric investigation of the relative effectiveness of supply- and demand-side factors in determining educational outcomes. A wide range of factors are examined that may be responsible for differences in grade completion levels and achievement among sexes, regions, and urban…

Khandker, Shahidur R.; And Others

270

Universite Paris X Nanterre UFR Sciences Economiques, Gestion et Informatique  

E-print Network

expenditures and inequalities in health care use in France : a micro-econometric study by H´el`ene HUBER behaviors. We focus on their impact on the changes in health care expenditures and on health care - In´egalit´es Classification Jel : C15 - C34 - D63 - I11 - I18 - J11 #12;#12;Abstract Ageing, health

Paris-Sud XI, Université de

271

Effects of U.S. Public Agricultural R&D on U.S. Obesity and its Social Costs  

E-print Network

, public health-care expenditures related to obesity, and social welfare. First we use an econometric model health-care expenditures associated with the predicted changes in food consumption and hence obesity. We Pardey who assisted with USDA CRIS data on commodity-specific research expenditures. The findings

California at Davis, University of

272

Energy Conservation for Low-Income Households: The Evaporative Cooler Experience.  

ERIC Educational Resources Information Center

An econometric analysis, using a research design based on the nonequivalent control group (NECG), assessed the effectiveness of a program offering free evaporative coolers to low-income families owning air conditioners. The NECG controls for serious threats to internal validity, except for self-selection. The program successfully reduced energy…

Ridge, Richard S.

1988-01-01

273

The Economics of Football  

Microsoft Academic Search

The second edition of this popular book presents a detailed economic analysis of professional football at club level, with new material included to reflect the development of the economics of professional football over the past ten years. Using a combination of economic reasoning and statistical and econometric analysis, the authors build upon the successes and strengths of the first edition

Stephen Dobson; John Goddard

2001-01-01

274

Platz der Gttinger Sieben 3 Tel. +49 (0)551 / 39-10618 crc-peg@uni-goettingen.de D-37073 Gttingen Fax +49 (0)551 / 39-14059 www.uni-goettingen.de/crc-peg  

E-print Network

of the Courant Research Center ,Poverty, Equity, and Growth in Developing and Transition Countries and the Ibero-America Poverty, Equity and Growth in Developing Countries focuses on the statistical and econometric analysis of the dynamics of income and non-income poverty and inequality, as well as the policy determinants of poverty

Krivobokova, Tatyana

275

Pension Reform, Financial Market Development, and Economic Growth: Preliminary Evidence from Chile  

Microsoft Academic Search

The Chilean pension reform of 1981, a shift from an unfunded to a funded scheme, is considered to have contributed to this country's excellent economic performance. Positive growth effects allow, in principle, a Pareto-improving shift in pension financing. This paper highlights the theoretical underpinnings of the reform and presents empirical data and preliminary econometric testing of the conjectured reform effects

Robert Holzmann

1997-01-01

276

Is Foreign Aid Fungible? The Case of Indonesia  

Microsoft Academic Search

This paper considers whether foreign aid given for specific categories of expenditure is fungible among them and whether aid reduces tax effort by the recipient government. Models developed to analyze the fiscal relations among different levels of government in the United States are applied to analysis of the impact of foreign aid. Econometric analysis of data for Indonesia reveals that

Howard Pack; Janet Rothenberg Pack

1990-01-01

277

Estimating the Relation between Health and Education: What Do We Know and What Do We Need to Know?  

ERIC Educational Resources Information Center

The empirical link between education and health is firmly established. Numerous studies document that higher levels of education are positively associated with longer life and better health throughout the lifespan. But measuring the causal links between education and health is a more challenging task. Aside from the typical econometric concerns…

Eide, Eric R.; Showalter, Mark H.

2011-01-01

278

\\  

Microsoft Academic Search

The relationship between military expenditure and growth is studied taking into account potential nonlinearities and robustness issues in the specification of the econometric models used. Using cross-country growth regressions and the widely used Feder-Ram model, the partial correlation between defense and economic growth appears robust and significantly negative only for countries with a relatively low military expenditure ratio. While the

Jesús Crespo Guaresma; Gerhard Reitschuler

2003-01-01

279

Revealing Failures in the History of School Finance. NBER Working Paper No. 15491  

ERIC Educational Resources Information Center

This essay proposes a set of non-econometric tests using data on wage structure, school resource costs, public expenditures, taxes, and rates of return to explain anomalies in which richer political units deliver less education than poorer ones. Both the anomalies of education history, and its less surprising contrasts, fit broad patterns that can…

Lindert, Peter H.

2009-01-01

280

Decision support system for utility performance evaluation  

Microsoft Academic Search

In a previous NRRI report (Anselin, Pike, Smith (1981), ''The Measurement of Electric Utility Performance: Preliminary Analysis''), an overview of several traditional methodologies to achieve this was presented (management audits, financial and engineering indexes, econometric studies), and a new technique based on multicriteria decision analysis was suggested. In this report, the decision analytic method for performance evaluation is considered in

L. Anselin; J. S. Henderson

1985-01-01

281

Un análisis microeconométrico de la demanda de turismo en España  

Microsoft Academic Search

This paper introduces an expenditure model for the domestic demand of Spanish tourism using microeconomic data.The model starts with the assumption of consumer utility maximization for each period. The model is presented as an income-leisure model obtaining the income elasticity and the marginal propensity to consume. The model is an Almost Ideal Demand System, and in econometric estimation censoring is

Amparo Sancho Pérez; Juan Manuel Pérez Mira

1992-01-01

282

Wage Determinants among Medical Doctors and Nurses in Spain  

ERIC Educational Resources Information Center

This paper examines the determination of wage rates for health professionals using three well known, and commonly used, econometric techniques: ordinary least squares, instrumental variables, and Heckman's method. The data come from a graduate survey and the analysis focuses on a regional labor market, due to nationwide information on salaries is…

Salas-Velasco, Manuel

2010-01-01

283

What has Happened to the Urban Population in Côte d'Ivoire Since the 1980s? An Analysis of Monetary Poverty and Deprivation Over 15 Years of Household Data  

Microsoft Academic Search

This article investigates the evolution of urban poverty in its various dimensions in Côte d'Ivoire since the 1980s. The robustness of the results is checked using dominance criteria. An econometric analysis of poverty complements the analysis. The study shows that the dynamic of poverty in terms of existence conditions can significantly differ from that of monetary poverty. As was the

Sandrine MesplÉ-Somps; Charlotte GuEnard

2002-01-01

284

Forecasting Note III--Estimating the Number of Secondary School Dropouts From a Local School System  

ERIC Educational Resources Information Center

Treats the proportion of dropouts from secondary schools as leading indicators of the educational system's performance and reviews the use of certain variables for the prediction of dropout flows. The underlying relationships are studied in the form of a two-equation econometric model. (Author/IRT)

Kumar, Ramesh C.; And Others

1977-01-01

285

Discrimination in the Small-Business Credit Market  

Microsoft Academic Search

We use data from the 1993 and 1998 National Surveys of Small Business Finances to examine the existence of racial discrimination in the small-business credit market. We conduct an econometric analysis of loan outcomes by race and find that black-owned small businesses are about twice as likely to be denied credit even after controlling for differences in creditworthiness and other

David G. Blanchflower; Phillip B. Levine; David J. Zimmerman

2003-01-01

286

Students Choosing Colleges: Understanding the Matriculation Decision at a Highly Selective Private Institution  

ERIC Educational Resources Information Center

This paper provides an econometric analysis of the matriculation decisions made by students accepted to Williams College, one of the nation's most highly selective colleges and universities. Using data for the Williams classes of 2008 through 2012 to estimate a yield model, we find that--conditional on the student applying to and being accepted by…

Nurnberg, Peter; Schapiro, Morton; Zimmerman, David

2012-01-01

287

Students Choosing Colleges: Understanding the Matriculation Decision at a Highly Selective Private Institution. NBER Working Paper No. 15772  

ERIC Educational Resources Information Center

The college choice process can be reduced to three questions: (1) Where does a student apply?; (2) Which schools accept the students?; and (3) Which offer of admission does the student accept? This paper addresses question three. Specifically, we offer an econometric analysis of the matriculation decisions made by students accepted to Williams…

Nurnberg, Peter; Schapiro, Morton; Zimmerman, David

2010-01-01

288

Options Pricing Via Statistical Learning Techniques: The Support Vector Regression Approach  

Microsoft Academic Search

We explore the pricing performance of Support Vector Regression for pricing S&P 500 index call options. Support Vector Regression is a novel nonparametric methodology that has been developed in the context of statistical learning theory and until now it has been practically neglected in financial econometric applications. This new method is compared with Parametric Options Pricing Models using standard implied

Andreou C. Panayiotis; Charalambous Chris; Martzoukos H. Spiros

289

The message in North American energy prices  

Microsoft Academic Search

How similar is the price behavior of North American natural gas, fuel oil, and power prices? Using current state-of-the-art econometric methodology, we explore the degree of shared trends across North American energy markets. Across these markets, there appear to be effective arbitraging mechanisms for the price of natural gas and fuel oil, but not for the price of electricity.

Apostolos Serletis; John Herbert

1999-01-01

290

The Impact of Energy Prices on Technology Choice in the United States Steel Industry  

Microsoft Academic Search

In the last 30 years, U.S. steel producers have replaced their aging open hearth steel furnaces with basic oxygen (BOF) or large electric arc furnaces (LEF). This choice of technology creates the opportunity to substitute electricity for fossil fuels. We extend earlier research to investigate whether energy prices affect this type of technology adoption. The econometric model uses the \\

Gale A. Boyd; Stephen H. Karlson

1993-01-01

291

Modelling OECD industrial energy demand: Asymmetric price responses and energy-saving technical change  

Microsoft Academic Search

The industrial sector embodies a multifaceted production process consequently modelling the ‘derived demand’ for energy is a complex issue; made all the more difficult by the need to capture the effect of technical progress of the capital stock. This paper is an exercise in econometric modelling of industrial energy demand using panel data for 15 OECD countries over the period

Olutomi I. Adeyemi; Lester C. Hunt

2007-01-01

292

e-journal: Information Technology for Economics & Management  

E-print Network

a reasonable forecast. KEYWORDS: Econometric models; Energy modeling; Natural gas price; Genetic programming in 2000, making it one of the most important energy sources. The dramatic rise of natural gas prices" Liu2 Executive Summary As one of the most important energy resources, natural gas represented 24

Fernandez, Thomas

293

Stagnating energy efficiency in the Swedish building sector—Economic and organisational explanations  

Microsoft Academic Search

The development towards higher energy efficiency in the Swedish building sector stagnated in the late 1980s and 1990s. In new buildings the average specific energy use for heating is twice as high as in the best performing buildings 20 years ago. By combining econometric studies and interviews with actors in the building sector we analyse the underlying economic and organisational

Jonas Nässén; Frances Sprei; John Holmberg

2008-01-01

294

Vietnam: The Political Economy of Education in a "Socialist" Periphery  

ERIC Educational Resources Information Center

In this article I examine historic changes in the goals, conduct and outcomes of education policies in Vietnam from the 1940s to the present, under the Communist Party of Vietnam. Recent studies of Vietnam's education system centre on econometric and demographic analysis of education data dating back to the early 1990s, when Vietnam began an…

London, Jonathan D.

2006-01-01

295

Influences on Labor Market Outcomes of African American College Graduates: A National Study  

ERIC Educational Resources Information Center

Using an expanded econometric model, this study sought to estimate more precisely the net effect of independent variables (i.e., attending an HBCU) on three measures of labor market outcomes for African American college graduates. Findings reveal a statistically significant, albeit moderate, relationship between measures of background, human and…

Strayhorn, Terrell L.

2008-01-01

296

Thomas Paine: American Founder and Political Scientist  

Microsoft Academic Search

:Thomas Paine was a Founder of America and one of our first political scientists. Acrimony after 1791 reversed the esteem of the 1770's and 1780's. Paine had gained wide political experience in England and gave to the founding many practical ideas and deep loyalty. He was also one of our first political scientists and did econometric, sociometric and political analysis.

Michael M. Kiley

1985-01-01

297

Thomas Paine: American Founder and Political Scientist  

Microsoft Academic Search

Thomas Paine was a Founder of America and one of our first political scientists. Acrimony after 1791 reversed the esteem of the 1770's and 1780's. Paine had gained wide political experience in England and gave to the founding many practical ideas and deep loyalty. He was also one of our first political scientists and did econometric, sociometric and political analysis.

Michael M. Kiley

1985-01-01

298

Euro10.3.00.doc Will the Emergence of the Euro  

E-print Network

on real commodity prices be of interest to economic analysts and policy makers? Our econometric analysis to contribute to reduced volatility of world commodity prices, other things equal, if the alternative prices be of interest to economic analysts and policy makers? The second question is addressed first

299

Higher Order Spatial Autocorrelation in a System of Equations: The Impacts of Transportation Infrastructure on Capital Asset Values  

Microsoft Academic Search

Little attention in applied econometrics studies has been focused on higher order spatial autocorrelation, especially in equation systems, although ignoring it when present can lead to inefficient parameter estimates and invalid hypothesis testing. In this paper we evaluate the impacts on capital asset values of enhanced transportation networks for U.S. manufacturing firms, allowing for such spatial error correlation. We use

Jeffrey P. Cohen; Catherine Morrison Paul

2005-01-01

300

Sequential Versus Simultaneous Market Delineation: The Relevant Antitrust Market for Salmon  

E-print Network

1 Sequential Versus Simultaneous Market Delineation: The Relevant Antitrust Market for Salmon salmon, we propose a methodology for simultaneous market delineation and we demonstrate that compared: Relevant Market; Econometric Delineation; Salmon. Acknowledgments: We would like to thank Tobias Købke

Feigon, Brooke

301

A frontier model for landscape ecology: the tapir in Honduras  

Microsoft Academic Search

We borrow a frontier specification from the econometrics literature to make inferences about the tolerance of the tapir to\\u000a human settlements. We estimate the width of an invisible band surrounding human settlements which would act as a frontier\\u000a or exclusion zone to the tapir to be around 290 metres.

Kevin M. Flesher; Eduardo Leyy

1996-01-01

302

Microsimulation, CGE and Macro Modelling for Transition and Developing Economies  

Microsoft Academic Search

Alternative approaches to modelling distributional and welfare effects of changes in policy and the economic environment in developing and transition countries are surveyed. Microsimulations range from pure accounting approaches to models with behavioural equations based on econometric estimates and various dynamic models. Microsimulation accounting models are key to analysing the impact effects of tax and benefit changes and are becoming

James B. Davies

2004-01-01

303

Local taxes and spending: Estimating the flypaper effect using a discontinuous grant rule  

Microsoft Academic Search

The empirical observation that federal grants are shifted into local spending has been challenged by new econometric evidence. Recent US studies show that grants crowd out spending when the endogeneity of federal grants is taken into account. We challenge the results of this literature and propose to use discontinuities and nonlinearities in the grant system to investigate the causality from

Matz Dahlberg; Eva Mörka; Jørn Rattsøb; Hanna Ågren

304

What Do Cost Functions Tell Us about the Cost of an Adequate Education?  

ERIC Educational Resources Information Center

Econometric cost functions have begun to appear in education adequacy cases with greater frequency. Cost functions are superficially attractive because they give the impression of objectivity, holding out the promise of scientifically estimating the cost of achieving specified levels of performance from actual data on spending. By contrast, the…

Costrell, Robert M.; Hanushek, Eric; Loeb, Susanna

2008-01-01

305

Career Outcomes of STEM and Non-STEM College Graduates: Persistence in Majored-Field and Influential Factors in Career Choices  

ERIC Educational Resources Information Center

Using data from a nationally representative, longitudinal survey of college graduates, this study examines student transition from college to their chosen career paths and identifies factors influencing college graduates' choosing an occupation related to ones' undergraduate major. Within the context of expanded econometric framework a wide range…

Xu, Yonghong Jade

2013-01-01

306

Enterprise Zones and Employment: Evidence from New Jersey  

Microsoft Academic Search

This paper presents new evidence on the effectiveness of urban enterprise zones as an economic development tool. The results reported here are from an econometric analysis of the New Jersey urban enterprise zone program using data at the municipal level from 1982 to 1990. We find no evidence that the urban enterprise zone program in New Jersey had a positive

Marlon G. Boarnet; William T. Bogart

1996-01-01

307

Bayesian Estimation of a Dynamic Partial-Equilibrium Model for Investment  

Microsoft Academic Search

This paper revisits the question if the user cost of capital plays an important role for investment decisions using Bayesian estimation techniques. These methods offer advantages over classical econometric tools in this area: The most important are that prior distributions offer a convincing way to confine the support of model parameters and that confidence intervals are more reliable when model

Matthias Kredler

2005-01-01

308

Zeros and Lumps in Investment: Empirical Evidence on Irreversibilities and Nonconvexities  

Microsoft Academic Search

The objective of this paper is to investigate if and how capital adjustment departs from the smooth pattern implied by standard model based on convex adjustment costs. Using Norwegian micro data, we start by documenting the intermittent and lumpy nature of investment rates. We then present two pieces of econometric evidence on these issues. First, we estimate a discrete hazard

Øivind Anti Nilsen; Fabio Schiantarelli

2003-01-01

309

An empirical analysis of lumpy investment: the case of US petroleum refining industry  

Microsoft Academic Search

This paper employs five econometric models to examine lumpy investment and investigates the investment behavior of the US petroleum refining industry. Firms in the industry are classified into three groups by their size. All three groups show zero investment, disinvestment and investment in accordance with economic conditions. The analysis finds the minimum amount of investment and disinvestment for each group,

Hirokatsu Asano

2002-01-01

310

How important is the stock market effect on consumption?  

Microsoft Academic Search

Many argue that the astonishing growth in Americans' stock portfolios in the 1990s has been a major force behind the growth of consumer spending. This article reviews the relationship between stock market movements and consumption. Using various econometric techniques and specifications, the authors find that the propensity to consume out of aggregate household wealth has exhibited instability over the postwar

Sydney Ludvigson; Charles Steindel

1999-01-01

311

Modeling market shares of the leading personal automobile insurance companies  

Microsoft Academic Search

Private passenger automobile insurance companies employ a range of strategies and tactics to achieve their growth and profitability objectives. Gains and losses in market share among insurers suggest a fair degree of rivalrous behavior; however, previous econometric analyses have not adequately addressed the sources of firm-level advantages. Although prior studies have tested hypotheses about differential efficiency and\\/or service, the unit

Jason Hecht

1999-01-01

312

Health Insurance and Household Savings  

Microsoft Academic Search

Recent empirical studies have documented a puzzling pattern of household sav- ings in the U.S.: households covered by private health insurance save more than comparable households without coverage, even when applying econometric meth- ods to control for other variables. However, this empirical finding is not consistent with the standard model of precautionary saving, which predicts that the intro- duction of

Minchung Hsu

313

INFERRING WILLINGNESS TO PAY FOR HOUSING AMENITIES FROM RESIDENTIAL PROPERTY VALUES  

EPA Science Inventory

The report describes a new model of consumers' choices in housing markets that incorporates three heretofore overlooked market considerations. The new model has been tested econometrically against the standard model. The new model gives estimates of buyers' willingness to pay for...

314

&RPSHWLWLYHQHVV (IIHFWV RI (QYLURQPHQWDO 7D[ 5HIRUPV  

E-print Network

Research and DG Taxation and Customs Union NERI, University of Aarhus (Denmark) Cambridge Econometrics (UK Environmental Research Institute, University of Aarhus (NERI), Grenåvej 14, DK-8410 Rønde; http of Aarhus - Denmark URL: http://www.neri.dk Year of publication: December 2007 Editing completed: November

315

Control in a dynamic village economy: The reforms and unbalanced development in China's rural economy  

Microsoft Academic Search

A dynamic control framework is used to model the Chinese village economy in order to explain the rural sector's unbalanced growth in the post reform period. Village leaders are assumed to maximize a multi-attribute utility function by manipulating local policy instruments subject to the structural relationships in the economy. The model's parameters are estimated econometrically using a data set from

Scott Rozelle; Richard N. Boisvert

1995-01-01

316

December, 2008 CURRICULUM VITAE  

E-print Network

Professional Experience: Member of Foreign Task force on "Circular Economy", the China Council California Co-Editor (1991--) Journal of Econometrics Board of Directors (1980--) China Research Institute of Finance and Economics, China (2004--) Guest Professor China University of Geo Sciences, China (2004

Zhang, Jianfeng

317

Effect of fare and travel time on the demand for domestic air transportation  

NASA Technical Reports Server (NTRS)

An econometric travel demand model was presented. The model was used for analyzing long haul domestic passenger markets in the United States. The results showed the sensitivities of demand to changes in fares and speed reflecting technology through more efficient aircraft designs.

Eriksen, S. E.; Liu, E. W.

1979-01-01

318

Working paper DT/167/2011  

E-print Network

? Towards a better comprehension of populations' perception mechanisms: Press freedom, Confidence and Gossip mechanisms: press freedom, confidence and gossip Thomas Roca PhD ­ Lare-Efi, Groupe d'Economie du, Transparency International, Corruption measurement, Perception indicators, Press freedom, Econometrics, Panel

Boyer, Edmond

319

Cognitive Functioning and the Probability of Falls among Seniors in Havana, Cuba  

ERIC Educational Resources Information Center

This article explores the connection between cognitive functioning and falls among seniors (greater than or equal to 60 years of age) in Havana, Cuba, after controlling for observable characteristics. Using the SABE (Salud, Bienestar, and Envejecimiento) cross-sectional database, we used an econometric strategy that takes advantage of available…

Trujillo, Antonio J.; Hyder, Adnan A.; Steinhardt, Laura C.

2011-01-01

320

Faith Schools, Social Capital and Academic Attainment: Evidence from TIMSS-R Mathematics Scores in Flemish Secondary Schools  

ERIC Educational Resources Information Center

Social capital theory, recent developments in the theory of identity and a small econometric literature all suggest positive attainment effects from faith schooling. To test this hypothesis, the authors use a unique data set on Flemish secondary school students from the 1999 repeat of the Third International Mathematics and Science Study to…

Pugh, Geoff; Telhaj, Shqiponje

2008-01-01

321

Bank sales, spread and profitability: an empirical analysis  

Microsoft Academic Search

This study proves mathematically that in any bank if the growth rate of sales is higher than the absolute growth rate of bank's lending rate, then bank's profits will not decrease. This mathematical expression can be considered as the condition for keeping a bank profitable. An econometric analysis using panel data from the Western European banking sector supports our afore-mentioned

G. E. Halkos; M. N. Georgiou

2005-01-01

322

Provisioning in Agricultural Communities: Local, Regional and Global Cereal Prices and Local Production on Three Continents  

NASA Technical Reports Server (NTRS)

Monitoring and incorporating diverse market and staple food information into food price indices is critical for food price analyses. Satellite remote sensing data and earth science models have an important role to play in improving humanitarian aid timing, delivery and distribution. Incorporating environmental observations into econometric models will improve food security analysis and understanding of market functioning.

Brown, Molly E.; Tondel, Fabien; Essam, Timothy; Thorne, Jennifer A.; Mann, Bristol F.; Eilerts, Gary

2012-01-01

323

Testing Implications of the Adaptive Market Hypothesis via Computational Intelligence  

E-print Network

Testing Implications of the Adaptive Market Hypothesis via Computational Intelligence Matthew Butler and Dimitar Kazakov Abstract--This study analyzes two implications of the Adaptive Market with the Efficient Market Hypothesis. Variable efficiency has been a popular topic amongst econometric researchers

Kazakov, Dimitar

324

Land-Use Controls and Housing Costs: An Examination of San Francisco Bay Area Communities  

Microsoft Academic Search

This paper reports on our efforts to gauge the effects of land use controls on housing markets. We discuss how land use controls affect land and housing markets and explain why communities use such controls to restrict development. We present the results of an econometric model created to assess the inflationary effects of land use controls on housing costs. The

David E. Dowall; John D. Landis

1982-01-01

325

Modeling the structure of CV formation and expectations : The commercial retail real estate sector  

Microsoft Academic Search

Purpose – The paper aims to form system dynamics modeling in introduced in conjunction with econometric analysis and planned scenario analysis which will uniquely structure the process whereby the ex ante capital values of the prime retail real estate sector. Design\\/methodology\\/approach – The integrated system dynamics model investigates the structural factors affecting a unique expectation-centered capital value (CV) formation of

2007-01-01

326

ENVIRONMENTAL ECONOMICS FOR WATERSHED RESTORATION  

EPA Science Inventory

This book overviews non-market valuation, input-output analysis, cost-benefit analysis, and presents case studies from the Mid Atlantic Highland region, with all but the bare minimum econometrics, statistics, and math excluded or relegated to an appendix. It is a non-market valu...

327

Statistical evidence of tax fraud on the carbon allowances market  

Microsoft Academic Search

The aim of this paper is to show evidence and to quantify with forensic econometric methods the impact of the Value Added Tax fraud on European carbon allowances markets. This fraud mainly occurred at the beginning of between the end of 2008 and the beginning of 2009. In this paper, we explore the financial mechanisms of the fraud and the

Marius-Cristian Frunza; Dominique Guegan; Antonin Lassoudière

2010-01-01

328

Missing trader fraud on the emissions market  

Microsoft Academic Search

Purpose – The aim of this paper is to show evidence and to quantify with forensic econometric methods the impact of the missing trader fraud (MTF) on European carbon allowances markets. This fraud occurred mainly between the end of 2008 and the beginning of 2009. In this paper, the financial mechanisms of the fraud are explored and the impact on

Marius-Cristian Frunza; Dominique Guegan; Antonin Lassoudiere

2011-01-01

329

Entry, Exit, and Farm Size: Assessing an Experiment in Dairy Price Policy  

E-print Network

@aae.wisc.edu Abstract This article models and estimates the forces behind farm exits and changes in herd-size among is used to specify two econometric estimations: a random effects probit model of farm entry and exit? Do they lead to expansion of farm sizes? How do these price policies compare in their effect to other

Foltz, Jeremy D.

330

DEPARTMENT OF ECONOMICS AND FINANCE COLLEGE OF BUSINESS AND ECONOMICS  

E-print Network

in which novel econometric methods have contributed significantly to the analysis of moment restrictions of alternative estimators of coefficients in a structural equation with many instruments, instrumental variable. The optimal statistical strategy for estimation and testing is based on the likelihood principle, given

Hickman, Mark

331

An empirical exploration of the world oil price under the target zone model  

Microsoft Academic Search

This paper investigates the behavior of the world oil price based on the first-generation target zone model. Using anecdotal data during the period of 1988–1999, we found that OPEC has tried to maintain a weak target zone regime for the oil price. Our econometric tests suggest that the movement of the oil price is not only manipulated by actual and

Linghui Tang; Shawkat Hammoudeh

2002-01-01

332

Gasoline accounts for about half the U.S. consumption of petroleum products, and its  

E-print Network

. Many claim to observe an asymmetric relationship between gasoline and oil prices -- specifically that gasoline prices respond more quickly when oil prices are rising than when oil prices are falling (Figure 1 econometric support for public claims of asym- metry in the movements of gasoline and crude oil prices. Bacon

333

Introduction to Macroeconomic Dynamics Special Issue on Oil Price Shocks  

E-print Network

Introduction to Macroeconomic Dynamics Special Issue on Oil Price Shocks Apostolos Serletisy in macroeconometrics and ...nancial econometrics to investigate the e¤ects of oil price shocks and uncertainty about the price of oil on the level of economic activity. JEL classi...cation: G31, E32, C32. Keywords: Oil price

Garousi, Vahid

334

QANU Research Review Economics & Business Sciences  

E-print Network

of Economics and Business, University of Amsterdam 69 UvA 1: Accounting, Organisations & Society 75 UvA 2: Corporate Finance & Financial Systems 77 UvA 3: Information Management 78 UvA 4: Econometrics 86 UvA 5: Operations research 88 UvA 6: Equilibrium, Expectations & Dynamics 90 UvA 7: Actuarial Science 92 UvA 8

van Rooij, Robert

335

Forecasting, Structural Time Series Models and the Kalman Filter  

Microsoft Academic Search

In this book, Andrew Harvey sets out to provide a unified and comprehensive theory of structural time series models. Unlike the traditional ARIMA models, structural time series models consist explicitly of unobserved components, such as trends and seasonals, which have a direct interpretation. As a result the model selection methodology associated with structural models is much closer to econometric methodology.

Andrew C. Harvey

1989-01-01

336

arXiv:0909.1974v1[q-fin.GN]10Sep2009 Econophysics: Empirical facts and agent-based models  

E-print Network

of financial markets (order book modeling), econometrics of financial bubbles and crashes. We give a brief) Preprint submitted to Elsevier September 10, 2009 #12;III Some statistical properties of financial data 8 1 . . . . . . . . . . . . . . . . . . . . . . . . . 8 1.1.2 Absence of auto-correlations of returns

Tesfatsion, Leigh

337

September 6, 2011 CURRICULUM VITAE  

E-print Network

as a Fellowship recipient." " - Pierre de Fermat Chair of excellence ("Chaire d'excellence Pierre de Fermat), Université de Montréal (1973) - B.Sc. (Honours) Mathematics, McGill University (1971) FIELDS - Econometrics of Economics, McGill University, 2007 - - Emeritus Professor of Economics, Université de Montréal, 2008 - 1 #12

Barthelat, Francois

338

The Impact of Technology Accumulation on Technical Efficiency: An Analysis of the Sri Lankan Clothing and Agricultural Machinery Industries  

Microsoft Academic Search

This paper examines the effects of technology accumulation on firm-level technical efficiency in the Sri Lankan clothing and agricultural machinery industries, using cross-section survey data. Econometric analysis of the economic effects of technology development in developing countries is limited and this paper seeks to address this gap in the literature. The analysis shows simple adaptive technical change to have a

Sonali Deraniyagala

2001-01-01

339

Efficiency and farm size in Egypt: a unit output price profit function approach  

Microsoft Academic Search

The main objective of this study is to analyse size and efficiency in Egyptian agriculture using an econometric approach, free of the problem of simultaneous equation bias, associated with the production function technique. The identification of factors which affect farm level productivity in the study area are also considered. The results reveal that the efficiency of management in both large

M. Z. Moussa; T. T. Jones

1991-01-01

340

The Economics of Defense  

Microsoft Academic Search

This compelling book provides an up-to-date survey of the field of defense economics, the study of defense and peace issues, with the application of economic analysis and methods. The subject embraces both microeconomics and macroeconomics, taking into account such features as growth theory, comparative statistics, game theory and econometrics. A wide range of topics are addressed, including all aspects of

Todd Sandler; Keith Hartley

1995-01-01

341

Design of a multiregional economic model for forecasting electricity consumption and peak load. Final report  

SciTech Connect

The design of a general multiregional econometric model of the USA and the design of a regional electricity consumption and demand submodel are presented. The multiregional econometric model is intended to provide forecasts of regional population, economic activity by industrial sector, regional wages, and incomes. The electricity submodel is designed to take forecasts of such general economic indicators (together with forecasts of relative electricity and othe energy costs) and to produce forecasts of electricity (kWh) consumption by customer category and forecasts of peak load. While the ultimate purpose of the present effort is regional electricity forecasting, it is clear that the multiregional econometric model which supports the electricity submodel has a great many other uses. The multiregional econometric model design presented in the document represents a natural extension to the regional level of the Wharton Long-Term Annual and Industry Forecasting Model of the USA. The parts of that model that lend themselves to regional disaggregation (employment and wages, for example) are disaggregated. Aggregate US forecasts for such variables are determined by adding up from the bottom. This bottom-up design marks a major departure from earlier regional efforts. In addition to providing a description of the theoretical design of the model, this document provides an extensive review and evaluation of the economic and electricity-energy database needed for its construction.

Adams, F.G.; McCarthy, M.D.; Hill, J.

1982-01-01

342

A Diagrammatic Exposition of Regression and Instrumental Variables for the Beginning Student  

ERIC Educational Resources Information Center

Some beginning students of statistics and econometrics have difficulty with traditional algebraic approaches to explaining regression and related techniques. For these students, a simple and intuitive diagrammatic introduction as advocated by Kennedy (2008) may prove a useful framework to support further study. The author presents a series of…

Foster, Gigi

2009-01-01

343

Property Rights and Institutions: Evidence from Marriage Contracts  

Microsoft Academic Search

The division of the property rights affects the probability of marriage dissolution. However, this effect depends on the institutional environment. The institutional comparative and econometric analysis uses microdata from the 2000 censuses of Brazil and the United States through a Logit regression model. The empirical evidence indicates that the probability of divorce both in Brazil and the United States is

Maira Covre; Sussai Soares; André Carlos; Busanelli de Aquino

344

The Effect of Price on Within-Year Persistence.  

ERIC Educational Resources Information Center

An econometric model that allows any institution to study the effect of financial aid and other variables on within-year persistence of college students is described. It is concluded that total amount of aid and the amounts of grants and loans received are significant in promoting persistence. (Author/MSE)

Somers, Patricia A.

1994-01-01

345

Modelling Recreation Demand Using Choice Experiments: Climbing in Scotland  

Microsoft Academic Search

This paper is concerned with the use of thechoice experiment method for modelling thedemand for recreation, using the example ofrock-climbing in Scotland. We begin byoutlining the method itself, including itstheoretical and econometric underpinnings. Datacollection procedures are then outlined. Wepresent results from both nested and non-nestedmodels, and report some tests for theimplications of choice complexity andrationality. Finally, we compare our resultswith

Nick Hanley; Robert E. Wright; Gary Koop

2002-01-01

346

Modeling the energy and fuel sectors in SOVMOD. Final report  

Microsoft Academic Search

This report describes the data base, modeling concepts, and equations of the new energy and fuel component being introducted into the SRI-WEFA Soviet Econometric MOdel (Version III). The role that the Soviet Union may play in shaping the future world energy situation has recently attracted the attention of U.S. policy makers. In a series of reports issued by the Central

Bond

1979-01-01

347

A non-stationary paradigm for the dynamics of multivariate financial returns1  

E-print Network

changing unconditional covariance structure. The methodological frame is that of non-parametric regression with fixed, equidistant design points. The regression function is the time evolving unconditional covariance in the stochastic features of stock returns. More concretely, a growing body of econometric literature (Diebold [4

Tütüncü, Reha

348

Eighth Annual Risk Management Conference  

E-print Network

, who are experts in the field of financial risk management to share their insights on issues and computational tools for risk management Statistical and econometric techniques for financial problemsEighth Annual Risk Management Conference Risk Management Amidst Global Rebalancing 10 ­ 11 July

Chaudhuri, Sanjay

349

Practical Volatility and Correlation Modeling for Financial Market Risk Management  

Microsoft Academic Search

What do academics have to offer market risk management practitioners in financial institutions? Current industry practice largely follows one of two extremely restrictive approaches: historical simulation or RiskMetrics. In contrast, we favor flexible methods based on recent developments in financial econometrics, which are likely to produce more accurate assessments of market risk. Clearly, the demands of real-world risk management in

Torben G. Andersen; Tim Bollerslev; Peter F. Christoffersen; Francis X. Diebold

2005-01-01

350

Value of Weather Information in Cranberry Marketing Decisions.  

NASA Astrophysics Data System (ADS)

Econometric techniques are used to establish a functional relationship between cranberry yields and important precipitation, temperature, and sunshine variables. Crop forecasts are derived from the model and are used to establish posterior probabilities to be used in a Bayesian decision context pertaining to leasing space for the storage of the berries.

Morzuch, Bernard J.; Willis, Cleve E.

1982-04-01

351

Repeat Purchase amid Rapid Quality Improvement: Structural Estimation of Demand for Personal Computers  

Microsoft Academic Search

This paper estimates a structural model of demand for the personal computer (PC) by repeat purchasers. Taking advantage of a large data set on household-level PC purchases, the econometric model uses variation in PC holdings among PC owners to identify households' marginal values of quality improvements. The analysis only requires data on a cross-section of households along with observed PC

Jeffrey T. Prince

2008-01-01

352

Class, Distribution and Redistribution in Post-Apartheid South Africa  

Microsoft Academic Search

Public policy since 1994 has had a mixed effect on the reduction of economic inequality. Shifts in the incidence of public expenditure may have resulted in increased budgetary redistribution from rich to poor, but growth path and labour market policies have contributed to the ever weaker demand for unskilled labour. Econometric analysis using household survey data enables us to assess

Jeremy Seekings; Nicoli Nattrass

2002-01-01

353

Cointegration: implications for the market efficiencies of the high fructose corn syrup and refined sugar markets  

Microsoft Academic Search

The dynamic relationship between the prices of refined sugar and high fructose corn syrup is investigated using cointegration econometrics. The analysis is based on observational data, and although results indicate cointegration between 1984 and 1991 for the most part, alternative explanations for empirical regularities may exist and should be the subject of future research.

Oral Williams; David Bessler

1997-01-01

354

Vancouver's Gasoline-Price Wars: An Empirical Exercise in Uncovering Supergame Strategies  

Microsoft Academic Search

The area investigated is a region of the Vancouver, British Columbia retail-gasoline market. Players are service-station managers who compete daily. Periodically, unanticipated demand shocks precipitate price wars. When shocks occur, the firms in the market must determine the new demand conditions and adjust their strategies. From an econometric point of view, slopes of intertemporal reaction functions are latent variables. The

Margaret E Slade

1992-01-01

355

Social capital and poverty in Uganda  

Microsoft Academic Search

This paper investigates the links between social capital and household poverty in Uganda. It assumes a two-way causal relationship between poverty and access to social capital. This suggests an endogeneity problem, so the paper uses econometric techniques that control for endogeneity. Using two nationally representative datasets, the authors' analyses revealed that access to social capital defined in terms of membership

Rashid Hassan; Patrick Birungi

2011-01-01

356

A Study of the Patterns of Production and Consumption of Crude Oil and Petroleum Products in the Sultanate of Oman  

Microsoft Academic Search

The patterns of production and consumption of crude oil and petroleum products in the Sultanate of Oman over the period of 1970–2000 are studied in this article. A graphical description of the patterns is first presented. Simple and more sophisticated econometric models are then employed to empirically examine the relationships between petroleum-related variables and other macroeconomic variables. The analysis shows

Ramakrishnan Ramanathan; Geetha Subramanian

2006-01-01

357

Does higher sport supply lead to higher sport demand? A city level analysis  

Microsoft Academic Search

This paper explores the decision to participate in sports activities and the subsequent frequency of participation using data from a big German city, Munich, representative sample of individuals in 2008. Individual and socio-economic variables characterizing the individuals were collected. A new type of variable, which has not been included in the existing econometric studies yet, is introduced: the availability of

Sandrine Poupaux; Christoph Breuer

2009-01-01

358

Essays on the Effect of Climate Change on Agriculture and Agricultural Transportation  

E-print Network

carbon dioxide (CO2) on observed crop yields. This is done using an econometric model estimated over pooled historical data for 1950-2009 and data from the free air CO2 enrichment experiments. The main findings are: 1) yields of soybeans, cotton...

Attavanich, Witsanu

2012-02-14

359

Access to and penetration of ICT in rural Thailand Pitikorn Tengtrakul n  

E-print Network

Access to and penetration of ICT in rural Thailand Pitikorn Tengtrakul n , Jon M. Peha Department Available online 19 January 2011 Keywords: ICT Thailand Developing country Universal service Penetration an econometric study of information and communication technology (ICT) in all 70,000 rural villages in Thailand

Peha, Jon M.

360

ICT AND PRODUCTIVITY GROWTH THE PARADOX RESOLVED? Centre for Business Research, University of Cambridge  

E-print Network

ICT AND PRODUCTIVITY GROWTH ­ THE PARADOX RESOLVED? Centre for Business Research, University Programme on Enterprise and Innovation #12;Abstract This paper argues that the gains from ICT micro- econometric research. We focus in depth, however on a single case study of ICT related

Kim, Tae-Kyun

361

What's Spurious, What's Real? Measuring the Productivity Impacts of ICT at the Firm-Level  

Microsoft Academic Search

In order to assess the productivity effects of information and communication technologies (ICT), regressions based on cross?sectional firm?level data may yield unreliable results for the commonly employed production function framework. In this paper, various estimation biases and econometric strategies to overcome their sources are discussed. The effects are illustrated on the basis of a representative set of panel data for

Thomas Hempell

2002-01-01

362

The Adoption of ICT among SMEs: Evidence from an Italian Survey  

Microsoft Academic Search

In this paper, we carry out an econometric analysis on the adoption and effective use of Information and Communication Technologies (ICTs) among a sample of Italian SMEs. An important result is that, in order to understand the main factors that drive SMEs to the adoption of ICTs, it is useful to divide the available technologies according to a taxonomy based

Riccardo Lucchetti; Alessandro Sterlacchini

2004-01-01

363

Nutrition knowledge and consumer use of nutritional food labels  

Microsoft Academic Search

Factors affecting nutritional food label use in Greece are examined using primary data collected from personal interviews with consumers shopping at supermarkets in Athens. The econometric approach treats nutrition knowledge, where appropriate, as an endogenous variable when estimating the models for general label use, degree of general label use and use of information on nutrient content. The results suggest that

Andreas C. Drichoutis; Panagiotis Lazaridis; Rodolfo M. Nayga

2005-01-01

364

FRANCESCA DE NICOLA Johns Hopkins University  

E-print Network

visa) Date of Birth: August 28, 1981 Cell Phone: (410) 318-9619 fdenicola@jhu.edu EDUCATION Ph Development Economics, Labor Economics, and Applied Econometrics RESEARCH PAPERS "The Impact of Weather Insurance on Consumption, Investment, and Welfare," job market paper "Dynamic Child Labor Planning

Niebur, Ernst

365

Multinational experience and the creation of linkages with local firms: evidence from the electronics industry  

Microsoft Academic Search

This paper focuses on multinational companies' creation of linkages with local firms in the electronics industry. Evidence is drawn from a novel data-set, covering international operations of the top European and US electronics companies, over the period 1984--95. Econometric tests are provided to highlight how firms' multinational experience, measured by the extent of their presence in foreign countries, affects cooperative

Davide Castellani; Antonello Zanfei

2002-01-01

366

Risk Modeling Concepts Relating to the Design and Rating of Agricultural Insurance Contracts  

Microsoft Academic Search

Goodwin and Mahul identify the key issues and concerns that arise in the design and rating of crop yield insurance plans, with a particular emphasis on production risk modeling. The authors show how the availability of data shapes the insurance scheme and the ratemaking procedures. Relying on the U.S. experience and recent developments in statistics and econometrics, they review risk

Barry K. Goodwin; Olivier Mahul

2004-01-01

367

ANNEX 1: ERC PEER REVIEW EVALUATION PANELS (ERC For the planning and operation of the evaluation of ERC grant proposals by panels, the  

E-print Network

and Humanities SH1 Individuals, institutions and markets: economics, finance and management SH1_1 Macroeconomics_4 Econometrics, statistical methods SH1_5 Financial markets, asset prices, international finance SH1_6 Banking choice, behavioural economics, marketing SH1_9 Organization studies, strategy SH1_10 Human resource

Garulli, Andrea

368

A model for the valuation of farmland in Spain : The case for the use of multivariate analysis  

Microsoft Academic Search

The main task when valuing land is to identify the variables affecting its value. This is critical when a large number of variables is involved. Furthermore, collinearity and other econometric disturbances frequently occur in this type of research. Against this background, and in an effort to surmount these difficulties, this paper proposes and then tests some statistical techniques based on

Teresa Garcia; Ildefonso Grande

2003-01-01

369

Do the Recession Durations in the Economy follow Heavy-Tailed Distributions? The case of the USA 1791-2008  

Microsoft Academic Search

In the quantitative economics and in the econometrics the largest portion of probability distributions is held by the normal distribution, mainly because of its invaluable analytical power and the easiness of its use. However, phenomena, usually qualified as 'rare', such as panics, crises, and recessions' duration cannot be satisfactorily treated by the normal distribution- even worst it misleads the user

Paraschos Maniatis

2010-01-01

370

Diamond Wars? Conflict Diamonds and Geographies of Resource Wars  

Microsoft Academic Search

In the late 1990s, natural resources such as oil, diamonds, and timber came under increased scrutiny by conflict analysts and media outlets for their purported role in many contemporary wars. This article discusses some of the limitations of conventional arguments linking wars and resources. Dominated by econometric approaches and rational choice theory interpretations, arguments pertaining to “resource wars” often oversimplify

Philippe Le Billon

2008-01-01

371

Evaluation of variation in nitrate concentration levels in the Raccoon River watershed in Iowa  

Technology Transfer Automated Retrieval System (TEKTRAN)

The Raccoon River Watershed in Iowa has received considerable attention in recent past due to frequent detections of nitrogen concentrations above the federal drinking water standard. This paper econometrically investigates the determinants of variation of nitrogen concentrations in the Raccoon Rive...

372

Emissions Trading, Capital Flows and the Kyoto Protocol  

Microsoft Academic Search

We use an econometrically estimated multi-region, multi-sector general equilibrium model of the world economy to examine the effects of the tradable emissions permit system proposed in the 1997 Kyoto Protocol, under various assumptions about the extent of international permit trading. We focus, in particular, on the effects of the system on international trade and capital flows. Our results suggest that

Warwick J. McKibbin; Martin T. Ross; Robert Shackleton; Peter J. Wilcoxen

1999-01-01

373

THE KYOTO PROTOCOL: ECONOMIC EFFECTS OF ENERGY PRICES ON NORTHERN PLAINS DRYLAND GRAIN PRODUCTION  

Microsoft Academic Search

This study examined possible economic impacts on Northern Plains grain producers of policies that could be undertaken by the United States to comply with the Kyoto Protocol. The paper begins with a discussion of the potential effects of the Kyoto Protocol on prices of energy and inputs used in agricultural production. The next section describes the data and econometric models

John M. Antle; Susan M. Capalbo; James B. Johnson; Dragan Miljkovic

1999-01-01

374

New Employment Forecasts. Hotel and Catering Industry 1988-1993.  

ERIC Educational Resources Information Center

Econometric forecasting models were used to forecast employment levels in the hotel and catering industry in Great Britain through 1993 under several different forecasting scenarios. The growth in employment in the hotel and catering industry over the next 5 years is likely to be broadly based, both across income levels of domestic consumers,…

Measurement for Management Decision, Ltd., London (England).

375

Predicting the impacts of new technology aircraft on international air transportation demand  

NASA Technical Reports Server (NTRS)

International air transportation to and from the United States was analyzed. Long term and short term effects and causes of travel are described. The applicability of econometric methods to forecast passenger travel is discussed. A nomograph is developed which shows the interaction of economic growth, airline yields, and quality of service in producing international traffic.

Ausrotas, R. A.

1981-01-01

376

Is Private Production of Public Services Cheaper Than Public Production? A Meta-Regression Analysis of Solid Waste and Water Services  

ERIC Educational Resources Information Center

Privatization of local government services is assumed to deliver cost savings, but empirical evidence for this from around the world is mixed. We conduct a meta-regression analysis of all econometric studies examining privatization of water distribution and solid waste collection services and find no systematic support for lower costs with private…

Bel, Germa; Fageda, Xavier; Warner, Mildred E.

2010-01-01

377

Localized competitive advantage and price reactions to entry: Full-service vs. low-cost airlines in recently liberalized emerging markets  

Microsoft Academic Search

This paper empirically investigates price reactions to the entry of the low-cost carrier Gol Airlines in the Brazilian domestic market in 2001. Given the substantial reduction in unconditional yields of the incumbent airlines on routes actually entered by Gol, we perform an econometric analysis of the determinants of pricing power along with the analysis of the pattern of price reactions

Alessandro V. M. Oliveira; Cristian Huse

2009-01-01

378

Low-cost airlines and online price dispersion  

Microsoft Academic Search

This paper presents a new form of online pricing tactic where airlines post, at the same time and for the same flight, fares in different currencies that violate the Law of One Price. Unexpectedly for an online market, price dispersion may be accompanied by a hidden discount that tends to persist in the period preceding a flight's departure. The econometric

Enrico Bachis; Claudio A. Piga

2011-01-01

379

Generalized impulse response analysis in linear multivariate models  

Microsoft Academic Search

Building on Koop, [Koop et al. (1996) Impulse response analysis in nonlinear multivariate models. Journal of Econometrics 74, 119–147] we propose the `generalized' impulse response analysis for unrestricted vector autoregressive (VAR) and cointegrated VAR models. Unlike the traditional impulse response analysis, our approach does not require orthogonalization of shocks and is invariant to the ordering of the variables in the

H. Hashem Pesaran; Yongcheol Shin

1998-01-01

380

Area of Concentration in Comparative Effectiveness Research: Observational Data Analysis Track  

E-print Network

training in the use of observational data sets and statistical and econometric methods for CER. This training may be used to perform comparative effectiveness studies that draw upon electronic medical records-effectiveness analysis harold pollack, phD professor of Social Services Administration interests: poverty policy

Stephens, Matthew

381

Evaluating Welfare Reform in the United States  

Microsoft Academic Search

This paper reviews the economics literature on welfare reform over the 1990s. A brief summary of the policy changes over this period is followed by a discussion of the methodological techniques utilized to analyze the effects of these changes on outcomes. The paper then critically reviews the econometric and experimental literature on caseload changes, labor force changes, poverty and income

Rebecca M. Blank

2002-01-01

382

Making Machines Mimic Human and\\/or Animal Intelligence. Review of Artificial Neural Networks: Approximation & Learning Theory, by Halbert White with A. R. Gallant, K. Hornick, M. Stinchcombe, and J. Wooldridge  

Microsoft Academic Search

Halbert White is Professor of Economics, University of California San Diego. He received his Ph.D. in 1976 from the Massachusetts Institute of Technology. His primary research interests are artificial neural networks, econometric theory, and financial markets. His other two most recent books are A Unified Theory of Estimation and Inference for Nonlinear Dynamic Models (with A. R. Gallant, Blackwell, 1988)

Ramalingan Shanmugam

1995-01-01

383

University-Industry Research Collaboration: A Model to Assess University Capability  

ERIC Educational Resources Information Center

Scholars and policy makers recognize that collaboration between industry and the public research institutions is a necessity for innovation and national economic development. This work presents an econometric model which expresses the university capability for collaboration with industry as a function of size, location and research quality. The…

Abramo, Giovanni; D'Angelo, Ciriaco Andrea; Di Costa, Flavia

2011-01-01

384

The Burgundy Effect in Off-Line Union Catalogs of Serials.  

ERIC Educational Resources Information Center

Discusses interlibrary lending (ILL) systems and explains the localization effect--called "the burgundy effect"--which results in a partial union catalog of serials locating a higher percentage of ILL requests than an up-to-date catalog over a number of years. An econometric model, the Weibull distribution, is used to calculate localization…

De Groote, Stefan; And Others

1991-01-01

385

Gender bias among children in India in their diet and immunisation against disease  

Microsoft Academic Search

This paper conducts an econometric analysis of data for a sample of over 4000 children in India, between the ages of 1 and 2 years, with a view to studying two aspects of the neglect of children: their likelihood of being immunised against disease and their likelihood of receiving a nutritious diet. The starting hypothesis, consistent with an universal interest

2004-01-01

386

Excess Liquidity and Inflation Dynamics in China: 1997–2007  

Microsoft Academic Search

AbstractThe surge in international capital inflows and the remarkable excess liquidity in China between 1997 and 2007 are examined in the present paper. It is shown that China's improved position in terms of foreign exchange purchases, ignited by huge foreign capital inflows, has effectively induced excess liquidity in China. More importantly, by developing an econometric model for inflation and excess

Chengsi Zhang; Hong Pang

2008-01-01

387

The effects of weather on crime  

Microsoft Academic Search

This paper uses daily data from 43 police districts across New Zealand from 2000 to 2008 and employs panel econometric techniques to investigate the effect of weather on crime. Temperature and precipitation are found to have a significant effect on the number of violent crimes recorded, and temperature also affects the number of property crimes recorded. As an extension, the

James Horrocks; Andrea Kutinova Menclova

2011-01-01

388

DUALITY FOR THE HOUSEHOLD: THEORY AND APPLICATIONS Jeffrey T. La France  

E-print Network

- duction theory, while Jorgenson (1986) deals with econometric modeling for producer behavior. The focus of food demand. Many modern treatments employ household produc- tion theory, which combines the economicDUALITY FOR THE HOUSEHOLD: THEORY AND APPLICATIONS Jeffrey T. La France Agricultural and Resource

LaFrance, Jeffrey T.

389

Economics & Finance press.princeton.edu  

E-print Network

.princeton.edu/class.html General Interest 1 Kauffman Foundation Series on Innovation & Entrepreneurship 15 Economic Theory & Research 18 Game Theory 22 Finance 23 Econometrics, Mathematical & Applied Economics 26 Political Economy Science Association Co-Winner of the 2010 Silver Medal Axiom Business Book Award in Entrepreneurship

Landweber, Laura

390

THE UNIVERSITY of CHICAGO THE GRADUATE SCHOOL  

E-print Network

Communications 51 Econometrics and Statistics 52 Economics 53 Entrepreneurship 54 Financial Management 55 General for Population Economics 98 The Center for Research in Security Prices (CRSP) 98 Entrepreneurship Program 99 The George J. Stigler Center for the Study of the Economy and the State 100 The James M. Kilts Center

He, Chuan

391

Booking and flying with low-cost airlines  

Microsoft Academic Search

The first part of the paper develops a theoretical framework for the analysis of strategic behaviour of European Low Cost Airlines that emphasises the role of product differentiation. The second part uses original survey data to assess the effectiveness of Low Cost Airlines' distribution strategies. Finally, an econometric model is developed to assess the joint impact of the factors affecting

Claudio A. Piga; Nicola Filippi

2002-01-01

392

MEASURING THE BENEFITS OF AIR QUALITY IMPROVEMENT: A SPATIAL HEDONIC APPROACH  

Microsoft Academic Search

A spatial-econometric hedonic housing price model is estimated for the Seoul metropolitan area to measure the marginal value of improved air quality. Results showed that the spatial lag model fits best for both owner and renter households. Marginal WTP for a 4% improvement in air quality is about $3,200 for owners and $420 for renters.

Chong Won Kim; Tim T. Phipps; Luc Anselin

1998-01-01

393

Labor market effects of outsourcing under industrial interdependence  

Microsoft Academic Search

The consequences of international outsourcing in traditional models of trade are already well understood. However, with regard to empirical research there seem to be still some important shortcomings. Empirical studies on the labor market effects of outsourcing are mainly based on the same techniques that have been used for years. In terms of the adopted econometric specifications, one assumption is

Hartmut Egger; Peter Egger

2005-01-01

394

Tax policies and the labor market constrained farm household: Theoretical results and evidence from household data  

Microsoft Academic Search

The study is devoted to the comparative static analysis and econometric estimation of farm household decisions under both standard and agricultural taxes. To account for labor markets constraints a non-separable model is constructed implying increasing per- unit costs of accessing labor markets. To control for tax-induced adjustments related to labor market imperfections we compare the results to those derived from

Thomas Glauben; Christian H. C. A. Henning

2002-01-01

395

The World Trade Web: A Multiple-Network Perspective  

E-print Network

International Trade (IT) plays a fundamental role in today's economy: by connecting world countries production and consumption processes, it radically contributes in shaping their economy and development path. Although its evolving structure and determinants have been widely analyzed in the literature, much less has been done to understand its interplay with other complex phenomena. The aim of this work is, precisely in this direction, to study the relations of IT with International Migration (IM) and Foreign Direct Investments (FDI). In both cases the procedure used is to first approach the problem in a multiple-networks perspective and than deepen the analysis by using ad hoc econometrics techniques. With respect to IM, a general positive correlation with IT is highlighted and product categories for which this effect is stronger are identified and cross-checked with previous classifications. Next, employing spatial econometric techniques and proposing a new way to define country neighbors based on the most ...

Sgrignoli, Paolo

2014-01-01

396

New evidence in health economics.  

PubMed

The 2nd Health Econometrics Workshop took place at the Catholic University of Rome in Italy on 15-17 July 2010. The purpose of this meeting was to provide a forum where policy makers, economists and econometricians could discuss the use of statistical and econometric methods to address issues in the field of health economics. There were seven keynote speakers - leading scholars in the subject - invited to give their contributions: Alberto Holly, Stephen Hall, Badi Baltagi, William Greene, Andrew Jones, John Mullahy and Edward Norton. The meeting was attended by 50 participants from around the world, and 17 scientific papers were presented. Some of these works will be published in the forthcoming special issue of Empirical Economics. PMID:21351856

Moscone, Francesco; Vittadini, Giorgio

2011-02-01

397

Economics of technological change - A joint model for the aircraft and airline industries  

NASA Technical Reports Server (NTRS)

The principal focus of this econometric model is on the process of technological change in the U.S. aircraft manufacturing and airline industries. The problem of predicting the rate of introduction of current technology aircraft into an airline's fleet during the period of research, development, and construction for new technology aircraft arises in planning aeronautical research investments. The approach in this model is a statistical one. It attempts to identify major factors that influence transport aircraft manufacturers and airlines, and to correlate them with the patterns of delivery of new aircraft to the domestic trunk carriers. The functional form of the model has been derived from several earlier econometric models on the economics of innovation, acquisition, and technological change.

Kneafsey, J. T.; Taneja, N. K.

1981-01-01

398

A time series approach to forecasting Australian total live-births  

Microsoft Academic Search

The relationship between classical demographic deterministic forecasting models, stochastic structural econometric models\\u000a and time series models is discussed. Final equation autoregressive moving average (ARMA) models for Australian total live-births\\u000a are constructed. Particular attention is given to the problem of transforming the time series to stationarity (and Gaussianity)\\u000a and the properties of the forecasts are analyzed. Final form transfer function models

John McDonald

1979-01-01

399

Optimal Monetary Policy with a Convex Phillips Curve  

E-print Network

in inflation. However, given the small sample size, a full econometric in- vestigation lies beyond the scope of this paper.15 Accordingly, we denote inflation shocks by ??t to draw attention to the fact that the errors are differ- ent from the theoretical model... t is not substan- tially different from the linear benchmark. In contrast, for the Euro area the 18Allowing ? sample size for New Zealand may explain the wrong sign...

Tambakis, Demosthenes N

400

Measuring persistence in time series of temperature anomalies  

NASA Astrophysics Data System (ADS)

Studies on persistence are important for the clarification of statistical properties of the analyzed time series and for understanding the dynamics of the systems which create these series. In climatology, the analysis of the autocorrelation function has been the main tool to investigate the persistence of a time series. In this paper, we propose to use a more sophisticated econometric instrument. Using this tool, we obtain an estimate of the persistence in global land and ocean and hemispheric temperature time series.

Triacca, Umberto; Pasini, Antonello; Attanasio, Alessandro

2014-11-01

401

Smith&Breeden&Associates&1&August,&2013& Summary&of&Recent&Internships&  

E-print Network

$knowledge$of$probability,$statistics,$applied$econometrics,$and$simulation/optimization$ methods$ · Basic$understanding$of$bond$pricing$and$the$mortgage$market$ · Ability$to$different$scenarios$on$different$specific$Alt@A$and$subprime$bond$ prices.$$$$ $ 3. A$junior$at$Princeton$is.$$$Successful$projects$so$far$include:$ $ · a$"bid$history"$SQL$database$that$allows$us$to$quickly$identify$when$we$cross$paths$with$ familiar$bonds

Wolfe, Patrick J.

402

Secondary Trading Costs in the Municipal Bond Market  

Microsoft Academic Search

Using new econometric methods, we separately estimate average transaction costs for over 167,000 bonds from a 1-year sample of all U.S. municipal bond trades. Municipal bond transaction costs decrease with trade size and do not depend significantly on trade frequency. Also, municipal bond trades are substantially more expensive than similar-sized equity trades. We attribute these results to the lack of

LAWRENCE E. HARRIS; MICHAEL S. PIWOWAR

2006-01-01

403

Dynamics of Markets  

NASA Astrophysics Data System (ADS)

Preface; 1. Econophysics: why and what; 2. Neo-classical economic theory; 3. Probability and stochastic processes; 4. Introduction to financial economics; 5. Introduction to portfolio selection theory; 6. Scaling, pair correlations, and conditional densities; 7. Statistical ensembles: deducing dynamics from time series; 8. Martingale option pricing; 9. FX market globalization: evolution of the dollar to worldwide reserve currency; 10. Macroeconomics and econometrics: regression models vs. empirically based modeling; 11. Complexity; Index.

McCauley, Joseph L.

2009-09-01

404

Rural–urban migration and agricultural productivity: the case of Senegal  

Microsoft Academic Search

This paper explores the relationship between agricultural productivity and rural–urban migration by developing an econometric model and applying it to the case of Senegal. Country level data is used covering the years 1961–1996. Policy implications of reducing rural–urban migration using agricultural output elasticities are developed. The findings support the hypothesis that rural–urban migration is a positive function of the ratio

Peter D. Goldsmitha; Kisan Gunjal; Barnabé Ndarishikanye

2004-01-01

405

DEMOGRAPHIC VARIABILITY IN U.S. CONSUMER RESPONSIVENESS TO CARBONATED SOFT-DRINK MARKETING PRACTICES  

Microsoft Academic Search

Using three years of Nielson Homescan and advertising data from 16 major metropolitan areas across the U.S. to construct a panel data set that follows weekly consumer purchasing behavior, this paper investigates the impact of marketing activities on a representative cross-section of U.S. consumers. Because many consumers do not participate in the market week-in and week-out, I apply Heckman’s econometric

Charles Rhodes

2010-01-01

406

Truth and Robustness in Cross-country Growth Regressions  

Microsoft Academic Search

We reexamine studies of cross-country growth regressions by Levine and Renelt and Sala-i-Martin. In a realistic Monte Carlo experiment, their variants of Edward Leamer's extreme-bounds analysis are compared to a cross-sectional version of the general-to-specific search methodology associated with the LSE approach to econometrics. Levine and Renelt's method has low size and low power; while Sala-i- Martin's method has high

Kevin D. Hoover; Stephen J. Perez

2001-01-01

407

AN EMPIRICAL ANALYSIS ON THE INTEGRATION OF THE STOCK EXCHANGES OF THE ISE WITH THOSE OF EUROPEAN UNION MEDITERRANEAN COUNTRIES  

Microsoft Academic Search

The present study examines the relationship between Turkey’s stock market and the stock markets of the EU Mediterranean countries using various econometric techniques. Covering the period from 01.07.2002 to 01.03.2010 and consisting of 1922-day data, the study found that there is a cointegration relationship among the stock markets of all countries as analyzed by Johansen cointegration test; in other words,

Mustafa Ibicioglu; Ayhan Kapusuzoglu

2011-01-01

408

An integrated model of human-wildlife interdependence  

USGS Publications Warehouse

This paper attempts to integrate wildlife-related ecologic and economic variables into an econometric model. The model reveals empirical evidence of the presumed interdependence of human-wildlife and the holistic nature of humanity's relationship to the ecosystem. Human use of biologic resources varies not only with income, education, and population, but also with sustainability of humankind's action relative to the quality and quantity of the supporting ecological base.

John, Kun H.; Walsh, Richard G.; Johnson, R. L.

1994-01-01

409

Does OPEC influence crude oil prices? Testing for co-movements and causality between regional crude oil prices  

Microsoft Academic Search

Using high-frequency data the co-movements among crude oil prices are analysed in order to address the question of regionalization of the world crude oil market. Time-series econometrics in the form of error-correction modelling is applied for daily crude oil price data covering the time period 1988 to 2004 and in this framework topics like weak and strong exogeneity among three

Jan Bentzen

2007-01-01

410

Understanding Climate Policy Using Participatory Agent-Based Social Simulation  

Microsoft Academic Search

Integrated assessment models (IAMs) have been widely applied to questions of climate change policy—such as the effects of\\u000a abating greenhouse gas emissions, balancing impacts, adaptation and mitigation costs, understanding processes of adaptation,\\u000a and evaluating the potential for technological solutions. In almost all cases, the social dimensions of climate policy are\\u000a poorly represented. Econometric models look for efficient optimal solutions. Decision

Thomas E. Downing; Scott Moss; Claudia Pahl-wostl

2000-01-01

411

Quantifying the benefits to the national economy from secondary applications of NASA technology, executive summary  

NASA Technical Reports Server (NTRS)

The feasibility of systematically quantifying the economic benefits of secondary applications of NASA related R and D was investigated. Based upon the tools of economic theory and econometric analysis, a set of empirical methods was developed and selected applications were made to demonstrate their workability. Analyses of the technological developments related to integrated circuits, cryogenic insulation, gas turbines, and computer programs for structural analysis indicated substantial secondary benefits accruing from NASA's R and D in these areas.

1976-01-01

412

Sources of Slow Growth in African Economies  

Microsoft Academic Search

This paper offers some econometric evidence on the sources of slow growth in Sub-Saharan Africa. The evidence suggests that the continent's slow growth can be explained in an international cross-country framework, without the need to invoke a special explanation unique to Sub-Saharan Africa. We find that poor economic policies have played an especially important role in the slow growth, most

Jeffrey D. Sachs; Andrew M. Warner

1997-01-01

413

Quantifying the benefits to the national economy from secondary applications of NASA technology  

NASA Technical Reports Server (NTRS)

The feasibility of systematically quantifying the economic benefits of secondary applications of NASA related R and D is investigated. Based upon the tools of economic theory and econometric analysis, it develops a set of empirical methods and makes selected applications to demonstrate their workability. Analyses of the technological developments related to integrated circuits, cryogenic insulation, gas turbines, and computer programs for structural analysis indicated substantial secondary benefits accruing from NASA's R and D in these areas.

1976-01-01

414

Competencia y Resultados Educativos: Teoría y Evidencia para Chile  

Microsoft Academic Search

This paper presents a theoretical model and empirical estimations to evaluate the effects of competition on school quality. Empirical estimations, using roughly 5,000 Chilean schools in the 1994-1997 period and econometric techniques robust to endogeneity, support the theoretical model and show a positive and relevant effect of competition on the results of public-subsidized schools. The effects are bigger for the

Francisco A. Gallego

2002-01-01

415

European Option Pricing by Using the Support Vector Regression Approach  

Microsoft Academic Search

We explore the pricing performance of Support Vector Regression for pricing S&P 500 index call options. Support Vector Regression\\u000a is a novel nonparametric methodology that has been developed in the context of statistical learning theory, and until now\\u000a it has not been widely used in financial econometric applications. This new method is compared with the Black and Scholes\\u000a (1973) option

Panayiotis Ch. Andreou; Chris Charalambous; Spiros H. Martzoukos

2009-01-01

416

Private Investor Participation and Commercialization Rates for Government-sponsored Research and Development: Would a Prediction Market Improve the Performance of the SBIR Programme?  

Microsoft Academic Search

An objective of the US Small Business Innovation Research (SBIR) programme is the private sector commercialization of funded R&D projects. However, our estimate of the actual or expected probability of commercialization of such R&D is fairly low; our analysis of Department of Defense (DoD) Phase II awards suggests that the estimated probability of commercialization is only 0.47. We investigate econometrically

ALBERT N. LINK; JOHN T. SCOTT

2009-01-01

417

Asymmetry in Farm-Retail Price Transmission for Major Dairy Products  

Microsoft Academic Search

An econometric model is used to estimate the net relationship between changes in the farm-level price of milk and changes in the retail prices of four major dairy products-fluid milk, butter, cheese, and ice cream. Results indicate that the farm-retail price transmission process in the dairy sector is asymmetric. Retail dairy product prices adjust more rapidly and more fully to

Henry W. Kinnucan; Olan D. Forker

1987-01-01

418

Exploring the Impact of Agricultural Price and Trade Policy Reform under Transition in Albania  

Microsoft Academic Search

Agricultural policy decision making in economies undergoing transition to market is in need of empirical tools for assessing\\u000a the impact of alternative policy options. The econometric means available for such exercise, however, are limited for lack\\u000a of data and structural breaks in economic behaviour. Synthetic, partial equilibrium, multi-market models offer a potential\\u000a alternative. Such models have been used extensively, even

George Mergos; Pavlos Karadeloglou; Chrysostomos Stoforos

1999-01-01

419

The Determinants of Official and FreeMarket Exchange Rates in Albania during Transition  

Microsoft Academic Search

This paper uses high-frequency data to examine the relation between official and free-market exchange rates in Albania. We present econometric evidence that the official and free markets are efficient, in the sense that one cannot use exchange rate movements denominated in one currency to predict movements in another currency and that movements in the free-market rate cause movements in the

Marta Muço; Harry Papapanagos; Peter Sanfey

1999-01-01

420

Do Labor Costs and Home Market Size Matter for Local Industrial Specialization? Evidence from France  

Microsoft Academic Search

Abstract This paper focuses on respective roles of market size, vertical industrial linkages and,labor cost on local industrial specialization. We first build a New Economic,Geography,model,based on the Krugman,& Venables (1995) one. This model,of industry location takes account,of input-output linkages between firms, labor demand structure in addition to the market size effect. It leads to a structural econometric,model,which,predicts: positive effects of

Carl Gaigne; Jean-pierre Huiban; Bertrand Schmitt; Umr Inra-enesad

421

A Note on the Calculation of Firm-specific and Skill-specific Labor Costs from Firmlevel Data  

Microsoft Academic Search

Virtually all empirical firm-level studies on the demand for heterogeneous labor do not include labor cost in the econometric specification. This is due to the fact that business and innovation survey data usually lack differentiated information on labor cost. This paper shows how reliable skill-specific and firm-specific labor cost can be calculated from firm-level data on the basis of information

Ulrich Kaiser

2000-01-01

422

Optimal pricing of the Portuguese telephone service  

Microsoft Academic Search

A first attempt is made at finding the optimal two-part tariff for Portugese telephone service. A theoretical model of consumer demand is presented and the two-part tariff which maximizes social welfare is derived. The model is then calibrated using Portugese data and previous econometric studies. The optimal long-run two-part tariff consists of an access charge that is close to twice

Luis M. B. Cabral

1990-01-01

423

Housing Discrimination and Urban Poverty of African-Americans  

Microsoft Academic Search

This paper develops a conceptual synthesis of six competing positions about the causes of inordinately high rates of poverty among urban African-Americans. This framework guides the specification of a six-simultaneous-equation econometric model, wherein both the pattern and the extent of racial residential segregation, inter-class residential segregation within the African-American community, school racial segregation, school performance, and poverty rates are endogenous.

George C. Galster

1991-01-01

424

Ageing of population and health care expenditure: a red herring?  

Microsoft Academic Search

This paper studies the relationship between health care expenditure (HCE) and age, using longitudinal rather than cross-sectional data. The econometric analysis of HCE in the last eight quarters of life of individuals who died during the period 1983-1992 indicates that HCE depends on remaining lifetime but not on calendar age, at least beyond 65+. The positive relationship between age and

Peter Zweifel; Stefan Felder; Markus Meiers

1999-01-01

425

Technological change: Rediscovering the engine of productivity growth in China's rural economy  

Microsoft Academic Search

This paper focuses on measuring the relative importance of the role of technology versus that of institutional innovation in China's rural economy. A six-equation rice sector model explaining provincial-level technology adoption, yield, and factor demand are econometrically estimated using data from China's 13 rice growing provinces for the period 1975–1990. Growth decomposition analysis identifies technology adoption as the most important

Jikun Huang; Scott Rozelle

1996-01-01

426

Chaos in East European black market exchange rates  

Microsoft Academic Search

In this paper we test for deterministic chaos in seven East European black market exchange rates, using Koedijk and Kool's (1992, Journal of Business and Economic Statistics, 10, 83-96) monthly data from January 1955 through May 1990. In doing so we use three (non-parametric) inference methods, the BDS (Brocket al., 1996, Econometric Reviews, 15, 197-235) test for whiteness, the Lyapunov

APOSTOLOS SERLETIS; PERIKLIS GOGAS

1997-01-01

427

Black and official exchange rates in Greece: an analysis of their long-run dynamics  

Microsoft Academic Search

This paper analyzes the long-run dynamic relationship between black and official exchange rates for Greece over the period 1975–1993. We apply Paruolo's (1996) recent test to the joint hypothesis of cointegration rank and the presence of I(2) and I(1) components along with the estimation of the roots of the companion matrix (Juselius, Journal of Econometrics, 69, (1995), 211–240) and we

Georgios P. Kouretas; Leonidas P. Zarangas

2001-01-01

428

GENERATING PLAUSIBLE CROP DISTRIBUTION MAPS FOR SUB-SAHARA AFRICA USING SPATIAL ALLOCATION MODEL  

Microsoft Academic Search

Spatial data, which are data that include the coordinates (either by latitude\\/longitude or by other addressing methods) on the surface of the earth, are essential for agricultural development. As fundamental parameters for agriculture policy research agricultural production statistics by geopolitical units such as country or sub-national entities have been used in many econometric analyses. However, collecting sub-national data is quite

Liangzhi You; Stanley Wood; Ulrike Wood-Sichra

2004-01-01

429

The dynamics of land-cover change in western Honduras: exploring spatial and temporal complexity  

Microsoft Academic Search

This paper presents an econometric analysis of land-cover change in western Honduras. Ground-truthed satellite image analysis indicates that between 1987 and 1996, net forest regrowth occurred in the 1015km2 study region. While some forest regrowth can be attributed to a 1987 ban on logging, the area of forest regrowth greatly exceeds that of previously clear-cut areas. Further, new area was

Darla K. Munroeaic; Jane Southworth; Catherine M. Tucker

2002-01-01

430

Is a Newspaper's Companion Website a Competing Outlet Channel for the Print Version?  

Microsoft Academic Search

This paper uses Granger non{causality tests to analyze if channel competition exists between the companion websites of 93 German newspapers observed between I\\/1998 and II\\/2005. It provides econometric evidence for significant negative effects of companion website tra?c on the print circulation of national newspapers and for significantly positive effects on local newspapers, at least for the period since I\\/2002. --

Ulrich Kaiser

2005-01-01

431

Mexico's balance-of-payments crisis: a chronicle of a death foretold  

Microsoft Academic Search

This paper claims that the roots of Mexico's balance-of-payments crisis are found in the prevailing high degree of capital mobility and financial globalization. Under these circumstances, shifts in foreign capital flows and anticipation of a banking-system bailout may produce large imbalances between stocks of financial assets and foreign reserves, threatening the sustainability of currency pegs. Econometric analysis suggests that half

Guillermo A. Calvo; Enrique G. Mendozab

1996-01-01

432

Real Exchange Rates under the Gold Standard  

Microsoft Academic Search

In this paper, the authors assert that most studies that have sought to determine the validity of purchasing power parity are flawed for two reasons. First, post-1973 data contain, by definition, only a very limited amount of the low-frequency information relevant for examination of long-run parity. Second, the dynamic econometric techniques used to model deviations from parity are typically quite

Francis X. Diebold; Steven Husted; Mark Rush

1991-01-01

433

Improved (ERTS) information and its impact on U.S. markets for agricultural commodities: A quantitiative economic investigation of production, distribution and net export effects  

NASA Technical Reports Server (NTRS)

An econometric investigation into the markets for agricultural commodities is summarized. An overview of the effort including the objectives, scope, and architecture of the analysis and the estimation strategy employed is presented. The major empirical results and policy conclusions are set forth. These results and conclusions focus on the economic importance of improved crop forecasts, U.S. exports, and government policy operations. A number of promising avenues of further investigation are suggested.

1974-01-01

434

A monetary submodel for the dutch economy: Some preliminary results  

Microsoft Academic Search

Summary This econometric model is on an annual basis and has been estimated for the period 1953–1969 using the two-stages least-squares method. All behavioral equations are based on a partial adjustment mechanism. The behavior of the public is expressed by the demand for currency, demand deposits and time-and-savings deposits. The behavior of the banking system is described by a required

Peter D. Van Loo

1974-01-01

435

The Effects of Small Classes on Academic Achievement: The Results of the Tennessee Class Size Experiment  

Microsoft Academic Search

The effects of class size on academic achievement have been studied for decades. Although the results of small scale randomized experiments and large-scale econometric studies point to positive effects of small classes, some scholar have seen the evidence as ambiguous. This paper reports analyses of a 4-year, large-scale randomized experiment on the effects of class size, project STAR in Tennessee.

Barbara Nye; Larry V. Hedges; Spyros Konstantopoulos

2000-01-01

436

The Long-Term Effects of Small Classes: A Five-Year Follow-Up of the Tennessee Class Size Experiment  

Microsoft Academic Search

Reduction of class size to increase academic achievement is a policy option that is currently of great interest. Although the results of small-scale randomized experiments and some interpretations of large-scale econometric studies point to positive effects of small classes, the evidence has been seen by some scholars as ambiguous. Project STAR in Tennessee, a 4-year, large-scale randomized experiment on the

Barbara Nye; Larry V. Hedges; Spyros Konstantopoulos

1999-01-01

437

The Long Term Growth Prospects of the World Economy: Horizon 2050  

Microsoft Academic Search

This study develops long-term forecasts for world economic growth, based on a production function according to which an economy can grow by (1) deploying more inputs (labor and capital inputs) to production and\\/or by (2) becoming more efficient, i.e. producing more output per unit of input. An econometric analysis of past performance is carried out to describe the process by

Sandra Poncet

2006-01-01

438

Measurement Error and the Effect of Inequality on Experienced versus Reported Crime  

Microsoft Academic Search

This paper analyzes measurement errors in crime data to see how they impact econometric estimates, particularly of the key relationship between inequality and crime. Criminal victimization surveys of 140,000 respondents in 37 industrial, transition and developing countries are used. Comparing the crimes experienced by these respondents with those reported to the police, non-random and mean-reverting measurement errors are apparent. Some

John Gibson; Bonggeun Kim

2006-01-01

439

A multidimensional analysis of the international performance of U.S. manufacturing industries  

Microsoft Academic Search

A Multidimensional Analysis of the International Performance of U.S. Manufacturing Industries. — This study analyzes the determinants\\u000a of three alternative measures of the international performance of U.S. manufacturing industries: export shares, the average\\u000a number of foreign markets served, and the intensity of foreign direct investment. The factors affecting these three variables\\u000a and various interactions among them are estimated econometrically using

Robert A. Blecker; Robert M. Feinberg

1995-01-01

440

Deregulation and R&D in Network Industries: The Case of the Electricity Industry  

E-print Network

is not necessarily linear. Rather, the process of technical change encompasses various feedback loops between these components (Stoneman, 1995: 2-5). The inter- relations and feedback in the innovation process are, however, not well understood and the search for a... and Cohen (2004) report a detailed econometric analysis of the effect of electricity sector restructuring in the US on utilities’ R&D expenditure between 1989 and 1997. The findings indicate that the uncertainty associated with the reform process...

Jamasb, Tooraj; Pollitt, Michael G.

2006-03-14

441

Utility Measures of Health-Related Quality of Life in Patients Treated for Benign Paroxysmal Positional Vertigo  

Microsoft Academic Search

Objectives: Comparing the effects of different disorders and interven- tions on health-related quality of life (HRQoL) is important for healthcare policy and accountability. There are two basic approaches to measure HRQoL: questionnaires derived from psychometrics and preference- based measures or utilities derived from econometrics. While disease- specific HRQoL questionnaires, such as the Dizziness Handicap Inven- tory (DHI), are important because

Richard A. Roberts; Harvey Abrams; Melanie K. Sembach; Jennifer J. Lister; Richard E. Gans; Theresa Hnath Chisolm

2009-01-01

442

Learning to Love Animal (Models) (or) How (Not) to Study Genes as a Social Scientist  

Microsoft Academic Search

\\u000a In this chapter, I will argue that social science and genomics can be integrated – however, the way this marriage is currently\\u000a occurring rests on spurious methods and assumptions and, as a result, will yield few lasting insights. However, recent advances\\u000a in both econometrics and in developmental genomics provide scientists with a novel opportunity to understand how genes and\\u000a (social)

Dalton Conley

443

Social development of Russia’s Northern Regions  

Microsoft Academic Search

Specific features and trends of interregional differences in the social development of Russia’s Northern Regions are considered,\\u000a using methods of econometrics and mathematical statistics. Statistical characteristics point to the process of convergence\\u000a of the northern regions against the background of their high social differentiation. Based on the methods of principal components,\\u000a factor analysis, and Ward’s hierarchical cluster analysis, we grouped

V. I. Akopov; Yu. A. Gadzhiev

2008-01-01

444

Financial crisis in Asia and the Pacific Region: Its genesis, severity and impact on poverty and hunger  

Microsoft Academic Search

Building on a vast recent literature on finance, growth and hunger, we have examined the experience of 9 Asian countries over the period 1960-2006, using a state-of art-econometric methodology. Although the results are mixed depending on the specification and variables used, there is some evidence favouring a positive role of finance on GDP and agricultural value added growth. But there

Katsushi S. Imai; Raghav Gaiha; Ganesh Thapa

2008-01-01

445

Measuring the benefits of air quality improvement: a spatial hedonic approach  

Microsoft Academic Search

The primary objective of this paper is to improve the methodology for estimating hedonic price functions when the data are inherently spatial. A spatial-econometric hedonic housing price model is developed and estimated for the Seoul metropolitan area to measure the marginal value of improvements in sulfur dioxide (SO2) and nitrogen dioxide (NOx) concentrations. Diagnostic testing favored the spatial-lag model over

Chong Won Kim; Tim T. Phipps; Luc Anselin

2003-01-01

446

TAX POLICIES AND THE LABOR MARKET CONSTRAINED FARM HOUSEHOLD: THEORETICAL RESULTS AND EMPIRICAL EVIDENCE FROM HOUSEHOLD DATA  

Microsoft Academic Search

The study is devoted to the comparative static analysis and econometric estimation of farm household decisions under both standard and agricultural taxes. To account for labor markets constraints a non-separable model is constructed implying increasing per-unit costs of accessing labor markets. To control for tax-induced adjustments related to labor market imperfections we compare the results to those derived from a

Thomas Glauben; Christian H. C. A. Henning

2002-01-01

447

India's pulp and paper industry: Productivity and energy efficiency  

SciTech Connect

Historical estimates of productivity growth in India's pulp and paper sector vary from indicating an improvement to a decline in the sector's productivity. The variance may be traced to the time period of study, source of data for analysis, and type of indices and econometric specifications used for reporting productivity growth. The authors derive both statistical and econometric estimates of productivity growth for this sector. Their results show that productivity declined over the observed period from 1973-74 to 1993-94 by 1.1% p.a. Using a translog specification the econometric analysis reveals that technical progress in India's pulp and paper sector has been biased towards the use of energy and material, while it has been capital and labor saving. The decline in productivity was caused largely by the protection afforded by high tariffs on imported paper products and other policies, which allowed inefficient, small plants to enter the market and flourish. Will these trends continue into the future, particularly where energy use is concerned? The authors examine the current changes in structure and energy efficiency undergoing in the sector. Their analysis shows that with liberalization of the sector, and tighter environmental controls, the industry is moving towards higher efficiency and productivity. However, the analysis also shows that because these improvements are being hampered by significant financial and other barriers the industry might have a long way to go.

Schumacher, Katja

1999-07-01

448

India's iron and steel industry: Productivity, energy efficiency and carbon emissions  

SciTech Connect

Historical estimates of productivity growth in India's iron and steel sector vary from indicating an improvement to a decline in the sector's productivity. The variance may be traced to the time period of study, source of data for analysis, and type of indices and econometric specifications used for reporting productivity growth. The authors derive both growth accounting and econometric estimates of productivity growth for this sector. Their results show that over the observed period from 1973--74 to 1993--94 productivity declined by 1.71{percent} as indicated by the Translog index. Calculations of the Kendrick and Solow indices support this finding. Using a translog specification the econometric analysis reveals that technical progress in India's iron and steel sector has been biased towards the use of energy and material, while it has been capital and labor saving. The decline in productivity was caused largely by the protective policy regarding price and distribution of iron and steel as well as by large inefficiencies in public sector integrated steel plants. Will these trends continue into the future, particularly where energy use is concerned? Most likely they will not. The authors examine the current changes in structure and energy efficiency undergoing in the sector. Their analysis shows that with the liberalization of the iron and steel sector, the industry is rapidly moving towards world-best technology, which will result in fewer carbon emissions and more efficient energy use in existing and future plants.

Schumacher, Katja; Sathaye, Jayant

1998-10-01

449

Ratio-based estimators for a change point in persistence  

PubMed Central

We study estimation of the date of change in persistence, from I(0) to I(1) or vice versa. Contrary to statements in the original papers, our analytical results establish that the ratio-based break point estimators of Kim [Kim, J.Y., 2000. Detection of change in persistence of a linear time series. Journal of Econometrics 95, 97–116], Kim et al. [Kim, J.Y., Belaire-Franch, J., Badillo Amador, R., 2002. Corringendum to “Detection of change in persistence of a linear time series”. Journal of Econometrics 109, 389–392] and Busetti and Taylor [Busetti, F., Taylor, A.M.R., 2004. Tests of stationarity against a change in persistence. Journal of Econometrics 123, 33–66] are inconsistent when a mean (or other deterministic component) is estimated for the process. In such cases, the estimators converge to random variables with upper bound given by the true break date when persistence changes from I(0) to I(1). A Monte Carlo study confirms the large sample downward bias and also finds substantial biases in moderate sized samples, partly due to properties at the end points of the search interval. PMID:23805022

Halunga, Andreea G.; Osborn, Denise R.

2012-01-01

450

Ratio-based estimators for a change point in persistence.  

PubMed

We study estimation of the date of change in persistence, from [Formula: see text] to [Formula: see text] or vice versa. Contrary to statements in the original papers, our analytical results establish that the ratio-based break point estimators of Kim [Kim, J.Y., 2000. Detection of change in persistence of a linear time series. Journal of Econometrics 95, 97-116], Kim et al. [Kim, J.Y., Belaire-Franch, J., Badillo Amador, R., 2002. Corringendum to "Detection of change in persistence of a linear time series". Journal of Econometrics 109, 389-392] and Busetti and Taylor [Busetti, F., Taylor, A.M.R., 2004. Tests of stationarity against a change in persistence. Journal of Econometrics 123, 33-66] are inconsistent when a mean (or other deterministic component) is estimated for the process. In such cases, the estimators converge to random variables with upper bound given by the true break date when persistence changes from [Formula: see text] to [Formula: see text]. A Monte Carlo study confirms the large sample downward bias and also finds substantial biases in moderate sized samples, partly due to properties at the end points of the search interval. PMID:23805022

Halunga, Andreea G; Osborn, Denise R

2012-11-01

451

Municipal water consumption forecast accuracy  

NASA Astrophysics Data System (ADS)

Municipal water consumption planning is an active area of research because of infrastructure construction and maintenance costs, supply constraints, and water quality assurance. In spite of that, relatively few water forecast accuracy assessments have been completed to date, although some internal documentation may exist as part of the proprietary "grey literature." This study utilizes a data set of previously published municipal consumption forecasts to partially fill that gap in the empirical water economics literature. Previously published municipal water econometric forecasts for three public utilities are examined for predictive accuracy against two random walk benchmarks commonly used in regional analyses. Descriptive metrics used to quantify forecast accuracy include root-mean-square error and Theil inequality statistics. Formal statistical assessments are completed using four-pronged error differential regression F tests. Similar to studies for other metropolitan econometric forecasts in areas with similar demographic and labor market characteristics, model predictive performances for the municipal water aggregates in this effort are mixed for each of the municipalities included in the sample. Given the competitiveness of the benchmarks, analysts should employ care when utilizing econometric forecasts of municipal water consumption for planning purposes, comparing them to recent historical observations and trends to insure reliability. Comparative results using data from other markets, including regions facing differing labor and demographic conditions, would also be helpful.

Fullerton, Thomas M.; Molina, Angel L.

2010-06-01

453

Industrial companies' demand for energy based on a micro panel database -- Effects of CO{sub 2} taxation and agreements on energy savings  

SciTech Connect

An econometric panel data analysis of industrial demand for electricity and energy is presented. In the panel energy consumption, production and value added are observed at company level. The authors estimate price and production elasticities for electricity and total energy (i.e. measuring the X per cent change in demand of say electricity of a one per cent increase in the price of electricity). The estimated price and production elasticities are allowed to vary according to company characteristics such as industrial sub-sector, company size, energy intensity and type of ownership. Most previous econometric studies on industrial energy demand use aggregate data, while a couple of micro level studies mainly employ cross-section analysis. To the knowledge this is only the second econometric study on industrial energy demand based on a large micro panel database. More than 2,700 Danish industrial companies during the period 1983 to 1995 are included in the model (covering the majority of all Danish industrial energy consumption). One advantage of micro data is that these data can be used to estimate the effect of an instrument like voluntary energy agreements. By entering a voluntary energy agreement a Danish company avoids paying the usual CO{sub 2} tax. Preliminary analyses suggest that there is a large positive gross reduction of electricity and total energy consumption of companies with energy agreements. However, the authors also find that companies would have had about the same reduction in electricity consumption if they had not entered into an agreement, but instead paid the full CO{sub 2} tax. Thus, the analysis suggests that the net effect on electricity use of the voluntary energy agreements is very low (perhaps even negative).

Bjoerner, T.B.; Togeby, M.

1999-07-01

454

Cojumping: Evidence from the US Treasury Bond and Futures Market  

E-print Network

problem, and second, the relationship of the cojumping behavior with news announcements in US markets. This builds on a large existing body of work on the re- lationship between price changes in US Treasury markets and scheduled macroeconomic news releases... ?1838. 16 [20] Jiang, G., Oomen, R., 2008. Testing for jumps when asset prices are observed with noise - a ?swap variance?approach. Journal of Econometrics 144, 352-370. [21] Jiang, G., Yan, S., 2009. Linear-quadratic term structure models ?toward the un...

Dungey, Mardi; Hvozdyk, Lyudmyla

455

The development and utilization of solar photovoltaic cells: An assessment of the potential for a new energy technology  

NASA Technical Reports Server (NTRS)

The Government set the goal of accelerating the adaptation of photovoltaics by reducing system costs to a competitive level and overcoming the technical, institutional, legal, environmental, and social barriers impeding the diffusion of photovoltaic technology. The technology of silicon solar arrays was examined and the status of development efforts are reviewed. The political, legal, economic, social, and environmental issues are discussed, and several methods for selecting development projects are described. A number of market forecasting techniques, including time trend, judgemental, and econometric methods, were reviewed, and the results of these models are presented.

Cyr, K. J.

1981-01-01

456

Social and spatial processes associated with childhood diarrheal disease in Matlab, Bangladesh  

PubMed Central

We develop novel methods for conceptualizing geographic space and social networks to evaluate their respective and combined contributions to childhood diarrheal incidence. After defining maternal networks according to direct familial linkages between females, and road networks using satellite imagery of the study area, we use a spatial econometrics model to evaluate the significance of correlation terms relating childhood diarrheal incidence to the incidence observed within respective networks. Disease was significantly clustered within road networks across time, but only inconsistently correlated within maternal networks. These methods could be widely applied to systems in which both social and spatial processes jointly influence health outcomes. PMID:23178328

Perez-Heydrich, Carolina; Furgurson, Jill M.; Giebultowicz, Sophia; Winston, Jennifer J.; Yunus, Mohammad; Streatfield, Peter Kim; Emch, Michael

2012-01-01

457

Well-being losses due to care-giving???  

PubMed Central

This paper estimates the impact of informal caregiving on self-reported well-being. It uses a sample of 23,285 respondents of the first eleven waves of the Household, Income and Labour Dynamics in Australia (HILDA). We apply a relatively new analytical method that enables us to estimate fixed effects ordered logit to analyse subjective well-being. The econometric estimates show that providing informal care has a negative effect on subjective well-being. The empirical evidence of our paper could be helpful to inform policy makers to better understand the impact of caregiving and design the appropriate long term care policies and support services. PMID:24662888

van den Berg, Bernard; Fiebig, Denzil G.; Hall, Jane

2014-01-01

458

Granger Causality and Transfer Entropy Are Equivalent for Gaussian Variables  

NASA Astrophysics Data System (ADS)

Granger causality is a statistical notion of causal influence based on prediction via vector autoregression. Developed originally in the field of econometrics, it has since found application in a broader arena, particularly in neuroscience. More recently transfer entropy, an information-theoretic measure of time-directed information transfer between jointly dependent processes, has gained traction in a similarly wide field. While it has been recognized that the two concepts must be related, the exact relationship has until now not been formally described. Here we show that for Gaussian variables, Granger causality and transfer entropy are entirely equivalent, thus bridging autoregressive and information-theoretic approaches to data-driven causal inference.

Barnett, Lionel; Barrett, Adam B.; Seth, Anil K.

2009-12-01

459

DDT (2,2,bis(p-chlorophenyl) 1,1,1-trichloroethane) induced structural changes in adrenal glands of rats  

SciTech Connect

Oldest chlorinated hydrocarbon insecticide, DDT was used widely to control pest and vector borne diseases in developing countries. Malaria and vector borne diseases can be econometrically controlled by DDT. Chronic and acute exposures to DDT result in systemic disorders in human as well as this confirmed in animals. Experimental study revealed that DDT caused the structural and functional changes in thyroid and reproductive system. The effects of DDT on adrenal glands are not well documented. Therefore this experimental investigation was undertaken to evaluate the histomorphological changes of adrenal gland after the treatment with DDT in rats.

Chowdhury, A.R.; Gautam, A.K.; Venkatakrishna-Bhatt, H. (National Institute of Occupational Health, Ahmedabad (India))

1990-08-01

460

Multiplier analysis of policy impacts on rice  

E-print Network

will be used to compute the short-run and long-run multipliers. The third sub-objective will be accomplished through the use of the AG-GEM model, a cornrnodity specific general equilibrium econometric model developed at Texas A&M. The entire AG-GEM model... demand. The elements of the Y vector are given by: Y, = EY, r. 19 which represents sales of industry i to final demand sector f. Solving this system for X we have B(Y + E) = X, where B equals (1 - A)', and b&, an element of the B matrix, represents...

Miller, John Wesley

1992-01-01

461

Potential benefits of toothpaste advertising on dental health.  

PubMed

This paper considers the effect of advertising on the sales of various brands of toothpaste. It has attempted to investigate the relationship between the level of sales of a brand and those of its competitors. Econometric estimations of the demand-function for toothpaste have been made and the authors have tried to determine the interrelationships between advertisement and toothpaste sales. The findings cast doubt upon the efficiency of the present system of competitive advertisement and suggest a possible alternative approach to the marketing of toothpaste which could increase sales and, at the same time, beneficially influence dental health. PMID:2720477

Kioulafas, K E; Athanassouli, T N; Weatherell, J A

1989-03-01

462

Suicide and unemployment: a panel analysis of Canadian provinces.  

PubMed

The objective of this study was to investigate the causal relationship between suicide and unemployment. We use panel data from Canadian provinces and use recent panel econometric techniques to account for endogenous structural breaks in both the unit root and cointegration testing procedures in order to account for statistical specification issues. We find that the relationship between unemployment and suicide is context dependent. We do find positive and statistically significant relationships, but only for males in particular provinces. The relationship between unemployment and suicide is not monolithic. Rather, relationships are not always as expected for different demographic groups and all places. PMID:24579917

Jalles, João Tovar; Andresen, Martin A

2014-01-01

463

Chapter12  

Cancer.gov

The demands for tobacco products, however, differ from those for most other products because of the addictive drug they contain—i.e., nicotine. For years, the conventional wisdom was that addictive consumption was an irrational behavior that did not follow the basic laws of economics, includ-ing that of the downward sloping demand curve. However, a variety of econometric studies conducted over the past several decades clearly indicate that cigarette smoking and other tobacco use are not exceptions to the principles of economics.

464

Barriers to energy-efficiency in electricity generation in India  

SciTech Connect

This paper explores the sources and magnitude of energy-inefficiency in the electricity generating sector in India and its implications for carbon emissions from this sector. An econometric methodology is developed to disaggregate and quantify the contribution of technical and institutional factors to this inefficiency. The analysis demonstrates the potential for institutional and economic policy reforms that provide incentives for the adoption of efficiency-enhancing production practices to reduce carbon emissions while increasing net electricity generation, even with the existing capital equipment.

Khanna, M. (Univ. of Illinois, Urbana, IL (United States). Dept. of Agricultural and Consumer Economics); Zilberman, D. (Univ. of California, Berkeley, CA (United States). Dept. of Agricultural and Resource Economics)

1999-01-01

465

The Exact Theoretical Rational Expectations Monetary Aggregate  

E-print Network

. It can be shown that the solution value of the exact monetary aggregate M(mt) can be tracked without error in continuous time (see, e.g., Barnett (1983)) by the Divisia index: 17 d log Mt = ? = 1 1 k i its d log mit, (16) where the user cost evaluated... M(mt) is compromised. We investigate the magnitude of that error below by econometrically estimating M(mt). 7. A Generalization The fact that the Divisia index tracks exactly under perfect certainty or risk neutrality is well know. However, we...

Barnett, William A.; Hinich, Melvin J.; Yue, Piyu

2000-06-01

466

Is inequality harmful for the environment? An empirical analysis applied to developing and transition countries.  

PubMed

The object of this article is to examine the relation between social inequalities and pollution. First of all we provide a survey demonstrating that, from a theoretical point of view, a decrease in inequality has an uncertain impact on the environment. Second, on the basis of these conceptual considerations, we propose an econometric analysis based on panel data (fixed-effects and dynamic panel data models) concerning developing and transition countries for the 1988-2003 period. We examine specifically the effect of inequality on the extent of local pollution (sulphur dioxide emissions and organic water pollution) by integrating the Gini index into the formulation of the environmental Kuznets' curve. PMID:21280382

Clement, Matthieu; Meunie, Andre

2010-01-01

467

Suntory and Toyota International Centres for Economics and Related Disciplines  

NSDL National Science Digital Library

Suntory and Toyota International Centres for Economics and Related Disciplines (STICERD) is an economic organization based at the London School of Economics and Political Science in London, England. Founded by Suntory Limited and the Toyota Motor Company Limited of Japan, STICERD hosts a variety of workshops and lectures, and offers financial help to postgraduates and outside research programs. Their Website includes information on STICERD-funded economic programs as well as selected abstracts and full-text discussion papers by the Centre for Analysis of Social Exclusion (1997-present), the Distributional Analysis Research Programme (1997-present), Econometrics (1998-present), and Theoretical Economics Series (1998-present), among other publication series.

468

Oil shocks and the demand for electricity  

SciTech Connect

This paper uses a Structural Econometric Model - Time Series Analysis to forecast the demand for electricity in the United States. The main innovation is to incorporate price shocks for oil into the model. The results show that if forecasts had been made with this model in the mid-1970s, they would have predicted the drop in the growth of demand more promptly than did the electric utility industry forecasts. Using current data, forecasts of demand for the year 2000 from the model are higher than industry forecasts, suggesting a reversal of the situation that existed in the 1970s. 26 refs., 8 figs., 7 tabs.

Kokkelenberg, E.C. (State Univ. of New York, Binghamton, NY (United States)); Mount, T.D. (Cornell Univ., Ithaca, NY (United States))

1993-01-01

469

Risk Assessment Methodology Based on the NISTIR 7628 Guidelines  

SciTech Connect

Earlier work describes computational models of critical infrastructure that allow an analyst to estimate the security of a system in terms of the impact of loss per stakeholder resulting from security breakdowns. Here, we consider how to identify, monitor and estimate risk impact and probability for different smart grid stakeholders. Our constructive method leverages currently available standards and defined failure scenarios. We utilize the National Institute of Standards and Technology (NIST) Interagency or Internal Reports (NISTIR) 7628 as a basis to apply Cyberspace Security Econometrics system (CSES) for comparing design principles and courses of action in making security-related decisions.

Abercrombie, Robert K [ORNL] [ORNL; Sheldon, Frederick T [ORNL] [ORNL; Hauser, Katie R [ORNL] [ORNL; Lantz, Margaret W [ORNL] [ORNL; Mili, Ali [New Jersey Insitute of Technology] [New Jersey Insitute of Technology

2013-01-01

470

The impact of energy, transport, and trade on air pollution in China  

SciTech Connect

A team of U.S.- and China-based geographers examines the relationship between China's economic development and its environment by modeling the effects of energy, transport, and trade on local air pollution emissions (sulfur dioxide and soot particulates) using the Environmental Kuznets model. Specifically, the latter model is investigated using spatial econometrics that take into account potential regional spillover effects from high-polluting neighbors. The analysis finds an inverted-U relationship for sulfur dioxide but a U-shaped curve for soot particulates. This suggests that soot particulates such as black carbon may pose a more serious environmental problem in China than sulfur dioxide.

Poon, J.P.H.; Casas, I.; He, C.F. [SUNY Buffalo, Buffalo, NY (United States). Dept. of Geology

2006-09-15

471

Statistical and Economic Techniques for Site-specific Nematode Management.  

PubMed

Recent advances in precision agriculture technologies and spatial statistics allow realistic, site-specific estimation of nematode damage to field crops and provide a platform for the site-specific delivery of nematicides within individual fields. This paper reviews the spatial statistical techniques that model correlations among neighboring observations and develop a spatial economic analysis to determine the potential of site-specific nematicide application. The spatial econometric methodology applied in the context of site-specific crop yield response contributes to closing the gap between data analysis and realistic site-specific nematicide recommendations and helps to provide a practical method of site-specifically controlling nematodes. PMID:24643451

Liu, Zheng; Griffin, Terry; Kirkpatrick, Terrence L

2014-03-01

472

Measuring the effects of reducing subsidies for private insurance on public expenditure for health care.  

PubMed

This paper investigates the effects of reducing subsidies for private health insurance on public sector expenditure for hospital care. An econometric framework using simultaneous equation models is developed to analyse the interrelated decisions on the intensity and type of health care use and private insurance. The framework is applied to the context of the mixed public-private system in Australia. The simulation projections show that reducing premium subsidies is expected to generate net cost savings. This arises because the cost savings achieved from reducing subsidies are larger than the potential increase in public expenditure on hospital care. PMID:24334005

Cheng, Terence Chai

2014-01-01

473

An Interview with James J. Heckman  

E-print Network

’s not technically oriented. She probably is more inclusive in her thinking, so she really challenges me. We are now working together on evaluating an iconic childhood program in Reggio Emilia, Italy. A long time ago, my wife and I were going to some event. We got.... His early experience studying physics has informed his lifelong approach to combining economic theory with rigorous econometric methods. As a scholar, he strives to make economics align as much as possible with the scientific method. I was also...

Ginther, Donna K.

2010-06-01

474

and  

E-print Network

verbatim copies of this document for non-commercial purposes by any means, provided that this copyright notice appears on all such copies. Fuel ethanol demand is projected to increase because of proposed ban on methyl tertiary butyl ether (MTBE) in gasoline, renewable fuels standard, and the revised eight-hour ozone standards. In this paper, several scenarios of increased fuel ethanol demand and its effects on crop and feed prices, farm income and state finances under current tax-subsidy structure, are analyzed using a multi-sector econometric model AGMOD.

John (jake N. Ferris; Satish V. Joshi

475

Public understanding of participation in regulatory decision-making: The case of bottled water quality standards in India.  

PubMed

"Science-based" standards are an integral part of modern regulatory systems. Studies on "public understanding of science" mostly focus on high technology areas in advanced economies. In contrast, the present study analyses the public understanding of regulation in the context of standard-setting for bottled water quality in India. Using primary data, the econometric models of this paper show that public understanding of participation in regulation depends on awareness of, and trust in, existing regulatory practices in a complex, non-linear manner. In this light, the paper argues that "deficit model" and "dialogue model" frameworks cannot be seen as two mutually exclusive frameworks of analyses. PMID:23825253

Bhaduri, Saradindu; Sharma, Aviram

2014-05-01

476

The Futility of Utility: how market dynamics marginalize Adam Smith  

E-print Network

Econometrics is based on the nonempiric notion of utility. Prices, dynamics, and market equilibria are supposed to be derived from utility. Utility is usually treated by economists as a price potential, other times utility rates are treated as Lagrangians. Assumptions of integrability of Lagrangians and dynamics are implicitly and uncritically made. In particular, economists assume that price is the gradient of utility in equilibrium, but I show that price as the gradient of utility is an integrability condition for the Hamiltonian dynamics of an optimization problem in econometric control theory. One consequence is that, in a nonintegrable dynamical system, price cannot be expressed as a function of demand or supply variables. Another consequence is that utility maximization does not describe equiulibrium. I point out that the maximization of Gibbs entropy would describe equilibrium, if equilibrium could be achieved, but equilibrium does not describe real markets. To emphasize the inconsistency of the economists' notion of 'equilibrium', I discuss both deterministic and stochastic dynamics of excess demand and observe that Adam Smith's stabilizing hand is not to be found either in deterministic or stochastic dynamical models of markets, nor in the observed motions of asset prices. Evidence for stability of prices of assets in free markets simply has not been found.

Joseph L. McCauley

1999-11-18

477

An Ecology of Prestige in New York City: Examining the Relationships Among Population Density, Socio-economic Status, Group Identity, and Residential Canopy Cover  

NASA Astrophysics Data System (ADS)

Several social theories have been proposed to explain the uneven distribution of vegetation in urban residential areas: population density, social stratification, luxury effect, and ecology of prestige. We evaluate these theories using a combination of demographic and socio-economic predictors of vegetative cover on all residential lands in New York City. We use diverse data sources including the City's property database, time-series demographic and socio-economic data from the US Census, and land cover data from the University of Vermont's Spatial Analysis Lab (SAL). These data are analyzed using a multi-model inferential, spatial econometrics approach. We also examine the distribution of vegetation within distinct market categories using Claritas' Potential Rating Index for Zipcode Markets (PRIZM™) database. These categories can be disaggregated, corresponding to the four social theories. We compare the econometric and categorical results for validation. Models associated with ecology of prestige theory are more effective for predicting the distribution of vegetation. This suggests that private, residential patterns of vegetation, reflecting the consumption of environmentally relevant goods and services, are associated with different lifestyles and lifestages. Further, our spatial and temporal analyses suggest that there are significant spatial and temporal dependencies that have theoretical and methodological implications for understanding urban ecological systems. These findings may have policy implications. Decision makers may need to consider how to most effectively reach different social groups in terms of messages and messengers in order to advance land management practices and achieve urban sustainability.

Grove, J. Morgan; Locke, Dexter H.; O'Neil-Dunne, Jarlath P. M.

2014-09-01

478

Labour market outcomes for people with a spinal cord injury.  

PubMed

The consequences of spinal cord injury are profound and extend well beyond the immediate loss of mobility and sensation. Employment is a well-recognised rehabilitation goal. In this study, we examine the impact of a publicly funded "package" of services that is designed to enable people with a spinal cord injury to return to the workplace. Specifically, this package of services provided client directed assistance for assisting the recipient with the activities of daily living (e.g., bathing, food preparation, etc.). We combine primary data collection methods well developed in other scientific disciplines, but less frequently utilised within economics, with traditional econometric techniques, to present a novel approach to this methodological issue. The Spinal Injuries Survey Instrument was developed and administered using a matched sampling approach. Collected data included, labour market outcomes, exposure to the packages, as well as clinical and demographic covariates commonly identified by the spinal cord injury literature. Concern for endogeneity was addressed by collecting data on several variables that might serve as suitable instruments for the econometric work and measures of otherwise-unobserved sources of heterogeneity. For example, a psychological measure of "attributional style was adapted from the field of psychology in order to control for a potentially confounding source of latent individual heterogeneity, viz. "motivation". While our results find zero marginal effect of support packages on labour market outcomes, we find that training undertaken post-injury and age are both positively correlated with labour market participation. PMID:20605751

Rowell, David; Connelly, Luke

2010-07-01

479

Public budgets for energy RD&D and the effects on energy intensity and pollution levels.  

PubMed

This study, based on the N-shaped cubic model of the environmental Kuznets curve, analyzes the evolution of per capita greenhouse gas emissions (GHGpc) using not just economic growth but also public budgets dedicated to energy-oriented research development and demonstration (RD&D) and energy intensity. The empirical evidence, obtained from an econometric model of fixed effects for 28 OECD countries during 1994-2010, suggests that energy innovations help reduce GHGpc levels and mitigate the negative impact of energy intensity on environmental quality. When countries develop active energy RD&D policies, they can reduce both the rates of energy intensity and the level of GHGpc emissions. This paper incorporates a moderating variable to the econometric model that emphasizes the effect that GDP has on energy intensity. It also adds a variable that reflects the difference between countries that have made a greater economic effort in energy RD&D, which in turn corrects the GHG emissions resulting from the energy intensity of each country. PMID:24910313

Balsalobre, Daniel; Alvarez, Agustín; Cantos, José María

2014-06-10

480

Do health economic evaluations using observational data provide reliable assessment of treatment effects?  

PubMed Central

Economic evaluation in modern health care systems is seen as a transparent scientific framework that can be used to advance progress towards improvements in population health at the best possible value. Despite the perceived superiority that trial-based studies have in terms of internal validity, economic evaluations often employ observational data. In this review, the interface between econometrics and economic evaluation is explored, with emphasis placed on highlighting methodological issues relating to the evaluation of cost-effectiveness within a bivariate framework. Studies that satisfied the eligibility criteria exemplified the use of matching, regression analysis, propensity scores, instrumental variables, as well as difference-in-differences approaches. All studies were reviewed and critically appraised using a structured template. The findings suggest that although state-of-the-art econometric methods have the potential to provide evidence on the causal effects of clinical and policy interventions, their application in economic evaluation is subject to a number of limitations. These range from no credible assessment of key assumptions and scarce evidence regarding the relative performance of different methods, to lack of reporting of important study elements, such as a summary outcome measure and its associated sampling uncertainty. Further research is required to better understand the ways in which observational data should be analysed in the context of the economic evaluation framework. PMID:24229445

2013-01-01

481

Willingness to pay for ovulation induction treatment in case of WHO II anovulation: a study using the contingent valuation method  

PubMed Central

Objective To measure the willingness to pay (WTP) of women aged 18–45 years to receive drug treatment for ovulation induction (ie, the social value of normal cycles of ovulation for a woman of childbearing age) in order to feed the debate about the funding of fertility cares. Setting An anonymous questionnaire was used over the general population of Quebec. Participants A total of 136 subjects were recruited in three medical clinics, and 191 subjects through an online questionnaire. Method The questionnaire consisted of three parts: introduction to the problematic, socioeconomic data collection to determine factors influencing the formation of WTP, and a WTP question using the simple bid price dichotomous choice elicitation technique. The econometric estimation method is based on the “random utility theory.” Each subject responding to our questionnaire could express her uncertainty about the answer to our WTP question by choosing the answer “I do not know.” Outcome measure The WTP in Canadian dollars of women aged 18–45 years to receive drug treatment for ovulation induction. Results Results are positive and indicate an average WTP exceeding 4,800 CAD, which is much more than the drug treatment cost. There is no evidence of sample frame bias or avidity bias across the two survey modes that cannot be controlled in econometric estimates. Conclusion Medical treatment for ovulation induction is highly socially desirable in Quebec. PMID:25328385

Poder, Thomas G; He, Jie; Simard, Catherine; Pasquier, Jean-Charles

2014-01-01

482

Adaptive Elastic Net for Generalized Methods of Moments.  

PubMed

Model selection and estimation are crucial parts of econometrics. This paper introduces a new technique that can simultaneously estimate and select the model in generalized method of moments (GMM) context. The GMM is particularly powerful for analyzing complex data sets such as longitudinal and panel data, and it has wide applications in econometrics. This paper extends the least squares based adaptive elastic net estimator of Zou and Zhang (2009) to nonlinear equation systems with endogenous variables. The extension is not trivial and involves a new proof technique due to estimators lack of closed form solutions. Compared to Bridge-GMM of Caner (2009), we allow for the number of parameters to diverge to infinity as well as collinearity among a large number of variables, also the redundant parameters set to zero via a data dependent technique. This method has the oracle property, meaning that we can estimate nonzero parameters with their standard limit and the redundant parameters are dropped from the equations simultaneously. Numerical examples are used to illustrate the performance of the new method. PMID:24570579

Caner, Mehmet; Zhang, Hao Helen

2014-01-30

483

Residential market for fuelwood in Rhode Island: demand, supply, and policy implications  

SciTech Connect

Fuelwood consumption in Rhode Island has tripled since the 1973 oil shortage as a result of household substitution of wood for relatively more expensive heating fuels. A telephone survey of 515 randomly selected households in Rhode Island determined the incidence of wood-burning (25%), the quantities of wood households consumed, their reasons for burning wood, the manner in which they obtained the wood, etc. Households were hypothesized to behave like cost-minimizing firms in producing heat from the lowest-cost combination of inputs (wood and stove efficiency). It was further hypothesized that households process their own firewood as an alternative to purchasing it where the opportunity cost of household labor is less than the commercial value added, thus freeing household income for other uses. These hypotheses were put into testable form as a four-level econometric model containing (1) the discrete household decision to participate in wood heat production, (2) the determination of the cost-minimizing vector of inputs given heat output and relative input prices, (3) the discrete household decision to harvest its own wood and, (4) the determination of how much wood to harvest, how much household labor to invest in wood processing, and the implicit price of fuelwood. Both these hypotheses were well validated via econometric testing.

Mackenzie, J.

1985-01-01

484

Groundwater economics: An object-oriented foundation for integrated studies of irrigated agricultural systems  

NASA Astrophysics Data System (ADS)

An integrated foundation is presented to study the impacts of external forcings on irrigated agricultural systems. Individually, models are presented that simulate groundwater hydrogeology and econometric farm level crop choices and irrigated water use. The natural association between groundwater wells and agricultural parcels is employed to couple these models using geographic information science technology and open modeling interface protocols. This approach is used to study the collective action problem of the common pool. Three different policies (existing, regulation, and incentive based) are studied in the semiarid grasslands overlying the Ogallala Aquifer in the central United States. Results show that while regulation using the prior appropriation doctrine and incentives using a water buy-back program may each achieve the same level of water savings across the study region, each policy has a different impact on spatial patterns of groundwater declines and farm level economic activity. This represents the first time that groundwater and econometric models of irrigated agriculture have been integrated at the well-parcel level and provides methods for scientific investigation of this coupled natural-human system. Results are useful for science to inform decision making and public policy debate.

Steward, David R.; Peterson, Jeffrey M.; Yang, Xiaoying; Bulatewicz, Tom; Herrera-Rodriguez, Mauricio; Mao, Dazhi; Hendricks, Nathan

2009-05-01

485

The regional costs and benefits of acid rain control  

SciTech Connect

Congress recently enacted acid rain control legislation as part of the 1990 Clean Air Act Amendments following a decade-long debate among disparate regional interests. Although Congress succeeded in drafting a law acceptable to all regions, the regional costs and benefits of the legislation remain uncertain. The research presented here attempts to estimate the regional costs and benefits and the economic impacts of acid rain controls. These estimates are made using a modeling system composed of econometric, linear programming and input-output models. The econometric and linear programming components describe markets for electricity and coal. The outputs of these components including capital investment, electricity demand, and coal production are taken as exogenous inputs by a multiregional input-output model. The input-output model produces estimates of changes in final demand, gross output, and employment. The utility linear programming model also predicts sulfur dioxide emissions (an acid-rain precursor). According to model simulations, the costs of acid rain control exceed the benefits for many regions including several regions customarily thought to be the major beneficiaries of acid rain control such as New England.

Berkman, M.P.

1991-01-01

486

India's Fertilizer Industry: Productivity and Energy Efficiency  

SciTech Connect

Historical estimates of productivity growth in India's fertilizer sector vary from indicating an improvement to a decline in the sector's productivity. The variance may be traced to the time period of study, source of data for analysis, and type of indices and econometric specifications used for reporting productivity growth. Our analysis shows that in the twenty year period, 1973 to 1993, productivity in the fertilizer sector increased by 2.3% per annum. An econometric analysis reveals that technical progress in India's fertilizer sector has been biased towards the use of energy, while it has been capital and labor saving. The increase in productivity took place during the era of total control when a retention price system and distribution control was in effect. With liberalization of the fertilizer sector and reduction of subsidies productivity declined substantially since the early 1990s. Industrial policies and fiscal incentives still play a major role in the Indian fertilizer sect or. As substantial energy savings and carbon reduction potential exists, energy policies can help overcome barriers to the adoption of these measures in giving proper incentives and correcting distorted prices.

Schumacher, K.; Sathaye, J.

1999-07-01

487

India's cement industry: Productivity, energy efficiency and carbon emissions  

SciTech Connect

Historical estimates of productivity growth in India's cement sector vary from indicating an improvement to a decline in the sector's productivity. The variance may be traced to the time period of study, source of data for analysis, and type of indices and econometric specifications used for reporting productivity growth. Analysis shows that in the twenty year period, 1973 to 1993, productivity in the aluminum sector increased by 0.8% per annum. An econometric analysis reveals that technical progress in India's cement sector has been biased towards the use of energy and capital, while it has been material and labor saving. The increase in productivity was mainly driven by a period of progress between 1983 and 1991 following partial decontrol of the cement sector in 1982. The authors examine the current changes in structure and energy efficiency in the sector. Their analysis shows that the Indian cement sector is moving towards world-best technology, which will result in fewer carbon emissions and more efficient energy use. However, substantial further energy savings and carbon reduction potentials still exist.

Schumacher, Katja; Sathaye, Jayant

1999-07-01

488

Long-term Industrial Energy Forecasting (LIEF) model (18-sector version)  

SciTech Connect

The new 18-sector Long-term Industrial Energy Forecasting (LIEF) model is designed for convenient study of future industrial energy consumption, taking into account the composition of production, energy prices, and certain kinds of policy initiatives. Electricity and aggregate fossil fuels are modeled. Changes in energy intensity in each sector are driven by autonomous technological improvement (price-independent trend), the opportunity for energy-price-sensitive improvements, energy price expectations, and investment behavior. Although this decision-making framework involves more variables than the simplest econometric models, it enables direct comparison of an econometric approach with conservation supply curves from detailed engineering analysis. It also permits explicit consideration of a variety of policy approaches other than price manipulation. The model is tested in terms of historical data for nine manufacturing sectors, and parameters are determined for forecasting purposes. Relatively uniform and satisfactory parameters are obtained from this analysis. In this report, LIEF is also applied to create base-case and demand-side management scenarios to briefly illustrate modeling procedures and outputs.

Ross, M.H. [Univ. of Michigan, Ann Arbor, MI (US). Dept. of Physics; Thimmapuram, P.; Fisher, R.E.; Maciorowski, W. [Argonne National Lab., IL (US)

1993-05-01

489

India's aluminum industry: Productivity, energy efficiency and carbon emissions  

SciTech Connect

Historical estimates of productivity growth in India's aluminum sector vary from indicating an improvement to a decline in the sector's productivity. The variance may be traced to the time period of study, source of data for analysis, and type of indices and econometric specifications used for reporting productivity growth. An analysis shows that in the twenty year period, 1973 to 1993, productivity in the aluminum sector declined slightly by 0.2%. An econometric analysis reveals that technical progress in India's aluminum sector has been biased towards the use of energy, while it has been labor saving. The decline in productivity was mainly driven by a decline in the 1970s when capacity utilization was low and the energy crisis hit India and the world. From the early 1980s on productivity recuperated. The authors examine the current changes in structure and energy efficiency in the sector. Their analysis shows that the Indian aluminum sector has high potential to move towards world-best technology, which will result in fewer carbon emissions and more efficient energy use. Substantial energy savings and carbon reduction options exist.

Schumacher, Katja; Sathaye, Jayant

1999-07-01

490

THE EFFECT OF DISINFLATIONARY POLICIES ON MONETARY VELOCITY  

E-print Network

The U.S. economy in the 1980s saw a decline in the trend growth rate of monetary velocity, the ratio of nominal GNP to the money supply. This unexpected development was reflected in the systematic overprediction of inflation and nominal GNP growth by econometric models and economic forecasters. Robert Lucas (1976) showed that econometric models would err when simulating policy alternatives or when forecasting over a horizon in which policy had changed. Was the recent decline in monetary velocity the result of deregulation or disinflation? Studies of this issue have found little effect from the disinflation policy. These studies have focused on U.S. data from 1959 to the 1980s. Robert Rasehe (1987, 1988) and V. Vance Roley (1985) find that including inflation or inflation expectations as explanatory variables does not pick up the changes in velocity that occurred inthe early 1980s. Both authors attribute the shiftinvelocity to deregulation, because the shift is explained by dummy variables entered for periods of regulatory change. The problem, of course, is that the disinflation policy and the deregulation occurred over the same period. William Poole (1988) argues that including long-term interest rates in a standard log-linear, money-demand function tends to capture the effect of changing inflation trends. These equations, however, also made large errors in forecasting money demand in the 1980s. But perhaps we should not be convinced by the standard regression results. It does not seem appropriate to use short-term movements

William T. Gavin; William G. Dewald

491

Turning points in international labor migration: a case study of Thailand.  

PubMed

"This article describes the dynamics of the structural transformation of the Thai economy, labor migration and direct foreign investment and proposes an econometric model to explain the migration phenomenon. Though migration shifts have been significantly influenced by political factors such as the Gulf crisis and tensions with Saudi Arabia, economic factors such as the Thai government's liberalization of markets and the expansion of trade and direct foreign investment have contributed to changes in labor market needs. The economic conditions of a shift from net exporter to net importer for labor are posited in the model. The empirical results reveal a turning point in labor migration from Thailand and also confirm the contribution of commodity export in place of labor export in creating employment and income." PMID:12287676

Vasuprasat, P

1994-01-01

492

Economics of radiology report editing using voice recognition technology.  

PubMed

As voice recognition technology takes hold in radiology practices, independent and hospital-based practices are faced with a decision of who should be responsible for the report-editing process, radiologists or transcriptionists. Although a radiologist's time is expensive compared with a transcriptionist's, if certain other conditions prevail, it may be possible to eliminate transcriptionists from the report generation process. Among these conditions are political, budgeting, psychosocial, and economic constraints. The author presents an econometric model that examines the economic issues involved in such a decision. Practices, both academic and private, can use this model to help determine which course of action makes the most economic sense. This is not always obvious. PMID:18047984

Reinus, William R

2007-12-01

493

Climate Change and Vector-borne Diseases: An Economic Impact Analysis of Malaria in Africa  

PubMed Central

A semi-parametric econometric model is used to study the relationship between malaria cases and climatic factors in 25 African countries. Results show that a marginal change in temperature and precipitation levels would lead to a significant change in the number of malaria cases for most countries by the end of the century. Consistent with the existing biophysical malaria model results, the projected effects of climate change are mixed. Our model projects that some countries will see an increase in malaria cases but others will see a decrease. We estimate projected malaria inpatient and outpatient treatment costs as a proportion of annual 2000 health expenditures per 1,000 people. We found that even under minimal climate change scenario, some countries may see their inpatient treatment cost of malaria increase more than 20%. PMID:21556186

Egbendewe-Mondzozo, Aklesso; Musumba, Mark; McCarl, Bruce A.; Wu, Ximing

2011-01-01

494

Social comparison and subjective well-being: does the health of others matter?  

PubMed

The importance of social comparison in shaping individual utility has been widely documented by subjective well-being literature. So far, income and unemployment have been the main dimensions considered in social comparison. This paper aims to investigate whether subjective well-being is influenced by inter-personal comparison with respect to health. Thus, we study the effects of the health of others and relative health hypotheses on two measures of subjective well-being: happiness and subjective health. Using data from the Italian Health Conditions survey, we show that a high incidence of chronic conditions and disability among reference groups negatively affects both happiness and subjective health. Such effects are stronger among people in the same condition. These results, robust to different econometric specifications and estimation techniques, suggest the presence of some sympathy in individual preferences with respect to health and reveal that other people's health status serves as a benchmark to assess one's own health condition. PMID:22299192

Carrieri, Vincenzo

2012-01-01

495

Bubbles, shocks and elementary technical trading strategies  

NASA Astrophysics Data System (ADS)

In this paper we provide a unifying framework for a set of seemingly disparate models for bubbles, shocks and elementary technical trading strategies in financial markets. Markets operate by balancing intrinsic levels of risk and return. This seemingly simple observation is commonly over-looked by academics and practitioners alike. Our model shares its origins in statistical physics with others. However, under our approach, changes in market regime can be explicitly shown to represent a phase transition from random to deterministic behaviour in prices. This structure leads to an improved physical and econometric model. We develop models for bubbles, shocks and elementary technical trading strategies. The list of empirical applications is both interesting and topical and includes real-estate bubbles and the on-going Eurozone crisis. We close by comparing the results of our model with purely qualitative findings from the finance literature.

Fry, John

2014-01-01

496

Impact of energy and environmental legislation on industry: problems of regulatory cost assessment  

SciTech Connect

An examination is made of some of the problems of environmental impact assessment in the industrial sector, with particular attention to some important methodological problems frequently ignored. Some general problems of impact analysis are addressed in Section 2. This is followed in Section 3 by an overview of these major issues: the level of import substitutions, capital expenditures on pollution control, and a brief examination at how the industrial sector responded to post embargo energy price changes. Section 4 investigates marketplace responses to changes in manufacturing costs induced by regulatory requirements, from a general, theoretical microeconomics perspective. How industry responses can be estimated quantitatively for practical assessment purposes is taken up in Section 5, with a focus on the advantages and limitations of the two major modeling approaches (econometric and process models). These models allow investigations of the effects of different policies. (MCW)

Meier, P; Brown, S

1980-01-01

497

Price impact on urban residential water demand: A dynamic panel data approach  

NASA Astrophysics Data System (ADS)

In this paper, we formulate and estimate a model of residential water demand with the aim of evaluating the potential of pricing policies as a mechanism for managing residential water. The proposed econometric model offers a new perspective on urban water demand analysis by combining microlevel data with a dynamic panel data estimation procedure. The empirical application suggests that residential users are more responsive to a lagged average price specification. Another result of the estimated model is that price is a moderately effective tool in reducing residential water demand within the present range of prices, with the estimated values for income elasticity and "elasticity of consumption with respect to family size" reinforcing this conclusion.

ArbuéS, Fernando; BarberáN, Ramón; Villanúa, Inmaculada

2004-11-01

498

Benefits to world agriculture through remote sensing  

NASA Technical Reports Server (NTRS)

Remote sensing of agricultural land permits crop classification and mensuration which can lead to improved forecasts of production. This technique is particularly important for nations which do not already have an accurate agricultural reporting system. Better forecasts have important economic effects. International grain traders can make better decisions about when to store, buy, and sell. Farmers can make better planting decisions by taking advantage of production estimates for areas out of phase with their own agricultural calendar. World economic benefits will accrue to both buyers and sellers because of increased food supply and price stabilization. This paper reviews the econometric models used to establish this scenario and estimates the dollar value of benefits for world wheat as 200 million dollars annually for the United States and 300 to 400 million dollars annually for the rest of the world.

Buffalano, A. C.; Kochanowski, P.

1976-01-01

499

Transfer Entropy as a Log-Likelihood Ratio  

NASA Astrophysics Data System (ADS)

Transfer entropy, an information-theoretic measure of time-directed information transfer between joint processes, has steadily gained popularity in the analysis of complex stochastic dynamics in diverse fields, including the neurosciences, ecology, climatology, and econometrics. We show that for a broad class of predictive models, the log-likelihood ratio test statistic for the null hypothesis of zero transfer entropy is a consistent estimator for the transfer entropy itself. For finite Markov chains, furthermore, no explicit model is required. In the general case, an asymptotic ?2 distribution is established for the transfer entropy estimator. The result generalizes the equivalence in the Gaussian case of transfer entropy and Granger causality, a statistical notion of causal influence based on prediction via vector autoregression, and establishes a fundamental connection between directed information transfer and causality in the Wiener-Granger sense.

Barnett, Lionel; Bossomaier, Terry

2012-09-01

500

Modeling of gold production in Malaysia  

NASA Astrophysics Data System (ADS)

This study was conducted to identify the main factors that contribute to the gold production and hence determine the factors that affect to the development of the mining industry in Malaysia. An econometric approach was used by performing the cointegration analysis among the factors to determine the existence of long term relationship between the gold prices, the number of gold mines, the number of workers in gold mines and the gold production. The study continued with the Granger analysis to determine the relationship between factors and gold production. Results have found that there are long term relationship between price, gold production and number of employees. Granger causality analysis shows that there is only one way relationship between the number of employees with gold production in Malaysia and the number of gold mines in Malaysia.

Muda, Nora; Ainuddeen, Nasihah Rasyiqah; Ismail, Hamizun; Umor, Mohd Rozi

2013-04-01