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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.

2005-11-10

2

Nonparametric Econometrics  

Microsoft Academic Search

This book systematically and thoroughly covers the vast literature on the nonparametric and semiparametric statistics and econometrics that has evolved over the last five decades. Within this framework this is the first book to discuss the principles of the nonparametric approach to the topics covered in a first year graduate course in econometrics, e.g. regression function, heteroskedasticity, simultaneous equations models,

Adrian Pagan; Aman Ullah

3

Econometric Analysis  

Microsoft Academic Search

Econometric Analysisi, 6\\/eserves as a bridge between an introduction\\u000d\\u000a\\u0009to the field of econometrics and the professional literature for\\u000d\\u000a\\u0009social scientists and other professionals in the field of social\\u000d\\u000a\\u0009sciences, focusing on applied econometrics and theoretical background.\\u000d\\u000a\\u0009This book provides a broad survey of the field of econometrics that\\u000d\\u000a\\u0009allows the reader to move from here to practice in one

William H Greene

2003-01-01

4

Spectral Methods in Econometrics.  

National Technical Information Service (NTIS)

The report describes the spectral methods of time series analysis and its use in econometrics. The theory of covariance stochastic processes is introduced, with special emphasis on its application in econometrics. Univariate, bivariate, and multivariate s...

G. S. Fishman

1968-01-01

5

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

6

New Econometric Methods - Assignments  

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

7

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

8

Handbook of Econometrics  

Microsoft Academic Search

This chapter focuses on two of the developments in panel data econometrics since the Handbook chapter by Chamberlain (1984).The first objective of this chapter is to provide a review of linear panel data models with predetermined variables. We discuss the implications of assuming that explanatory variables are predetermined as opposed to strictly exogenous in dynamic structural equations with unobserved heterogeneity.

Manuel Arellano; Bo Honore

9

Bootstraping econometric models  

Microsoft Academic Search

The bootstrap is a statistical technique used more and more widely in econometrics. While it is capable of yielding very reliable inference, some precautions should be taken in order to ensure this. Two “Golden Rules” are formulated that, if observed, help to obtain the best the bootstrap can offer. Bootstrapping always involves setting up a bootstrap data-generating process (DGP). The

Russell Davidson

2009-01-01

10

Behavioral Econometrics for Psychologists  

Microsoft Academic Search

We make the case that psychologists should make wider use of structural econometric methods. These methods involve the development of maximum likelihood estimates of models, where the likelihood function is tailored to the structural model. In recent years these models have been developed for a wide range of behavioral models of choice under uncertainty. We explain the components of this

Steffen Andersen; Glenn W. Harrison; Morten Igel Lau; Elisabeth E. Rutström

2007-01-01

11

Behavioral econometrics for psychologists  

Microsoft Academic Search

We make the case that psychologists should make wider use of econometric methods for the estimation of structural models. These methods involve the development of maximum likelihood estimates of models, where the likelihood function is tailored to the structural model. In recent years these models have been developed for a wide range of behavioral models of choice under uncertainty. We

Steffen Andersen; Glenn W. Harrison; Morten Igel Lau; Elisabet E. Rutström

2010-01-01

12

Behavioral Econometrics for Psychologists  

Microsoft Academic Search

We make the case that psychologists should make wider use of econometric methods for the estimation of structural models. These methods involve the development of maximum likelihood estimates of models, where the likelihood function is tailored to the structural model. In recent years these models have been developed for a wide range of behavioral models of choice under uncertainty. We

Steffen Andersen; Glenn W. Harrison; Morten Igel Lau; Elisabet E. Rutström

2009-01-01

13

Simulation-based Econometric Methods  

Microsoft Academic Search

This book introduces a new generation of statistical econometrics. After linear models leading to analytical expressions for estimators, and non-linear models using numerical optimization algorithms, the availability of high- speed computing has enabled econometricians to consider econometric models without simple analytical expressions. The previous difficulties presented by the presence of integrals of large dimensions in the probability density functions or

Christian Gourieroux; Alain Monfort

1996-01-01

14

Laws and Limits of Econometrics  

Microsoft Academic Search

We start by discussing some general weaknesses and limitations of the econometric approach. A template from sociology is used to formulate six laws that characterize mainstream activities of econometrics and the scientific limits of those activities, we discuss some proximity theorems that quantify by means of explicit bounds how close we can get to the generating mechanism of the data

Peter C. B. Phillips

2003-01-01

15

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

16

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

17

Notes on the Use of Econometrics.  

National Technical Information Service (NTIS)

The brief paper outlines the scope of applied econometrics. Due to space limitations, no attempt has been made to deal with other procedures, such as large-scale econometric forecasting models, input-output models, or mathematical program techniques such ...

H. H. Stokes

1985-01-01

18

The econometrics of financial markets  

Microsoft Academic Search

The paper provides a survey of the work that has been done in financial econometrics in the past decade. It proceeds by first establishing a set of stylized facts that are characteristics of financial series and then by detailing the range of techniques that have been developed to model series which possess these characteristics. Both univariate and multivariate models are

Adrian Pagan

1996-01-01

19

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

20

Econometric models for biohydrogen development.  

PubMed

Biohydrogen is considered as an attractive clean energy source due to its high energy content and environmental-friendly conversion. Analyzing various economic scenarios can help decision makers to optimize development strategies for the biohydrogen sector. This study surveys econometric models of biohydrogen development, including input-out models, life-cycle assessment approach, computable general equilibrium models, linear programming models and impact pathway approach. Fundamentals of each model were briefly reviewed to highlight their advantages and disadvantages. The input-output model and the simplified economic input-output life-cycle assessment model proved most suitable for economic analysis of biohydrogen energy development. A sample analysis using input-output model for forecasting biohydrogen development in the United States is given. PMID:21550232

Lee, Duu-Hwa; Lee, Duu-Jong; Veziroglu, Ayfer

2011-04-20

21

Identification and Inference for Econometric Models  

NASA Astrophysics Data System (ADS)

This volume contains the papers presented in honor of the lifelong achievements of Thomas J. Rothenberg on the occasion of his retirement. The authors of the chapters include many of the leading econometricians of our day, and the chapters address topics of current research significance in econometric theory. The chapters cover four themes: identification and efficient estimation in econometrics, asymptotic approximations to the distributions of econometric estimators and tests, inference involving potentially nonstationary time series, such as processes that might have a unit autoregressive root, and nonparametric and semiparametric inference. Several of the chapters provide overviews and treatments of basic conceptual issues, while others advance our understanding of the properties of existing econometric procedures and/or propose new ones. Specific topics include identification in nonlinear models, inference with weak instruments, tests for nonstationary in time series and panel data, generalized empirical likelihood estimation, and the bootstrap.

Andrews, Donald W. K.; Stock, James H.

2005-07-01

22

System-Theoretic Trends in Econometrics.  

National Technical Information Service (NTIS)

This is a brief survey of some recent research trends in econometrics which make extensive use of techniques developed in system theory. In particular, attention is directed to the following subjects: cointegration, error correction, and the representatio...

J. M. Schumacher

1990-01-01

23

Application of Heuristic Modeling to Econometrics.  

National Technical Information Service (NTIS)

Conventional econometric computer models are not well suited to considering the economic impacts of changing political policies. Considerable reprogramming is frequently required to make the needed structural changes in the model in response to changes in...

R. L. Cooper L. S. Coles W. F. Rousseau D. R. Myers

1975-01-01

24

On aggregation in spatial econometric modelling  

NASA Astrophysics Data System (ADS)

The spatial aggregation problem - also termed the modifiable areal unit problem - has attracted regular attention in spatial statistics and econometrics. In this study econometric aggregation analysis is used to investigate the formal composition of meso-areal parameters given micro-areal underlying relations with spatial dependence. Impact on stochastic terms (possible meso-areal spatial autocorrelation) is also studied. Finally consequences for meso-areal estimation are derived, the general finding having been that spatial aggregation leads to meso-region specific parameter values, with the estimation problems this implies.

Paelinck, Jean H. P.

25

VISION AND INFLUENCE IN ECONOMETRICS: JOHN DENIS SARGAN  

Microsoft Academic Search

Denis Sargan s intellectual influence in econometrics is discussed and some of his visions for the future of econometrics are considered in this memorial article. One of Sargan s favorite topics in econometric theory was finite sample theory, including both exact theory and various types of asymptotic expansions. We provide some summary discussion of asymptotic expansions of the type that

Peter C. B. Phillips

2003-01-01

26

The Econometrics of Military Arms Races  

Microsoft Academic Search

Arms races - enduring rivalries between pairs of hostile powers, which prompt competitive acquisition of military capability - appear to be a pervasive phenomenon. From the past Cold War competition, between the US and the USSR, to present regional antagonisms, such as India and Pakistan, arms races remain a matter of continuing concern. This chapter reviews the econometric issues involved

J. Paul Dunne; Ron P. Smith

27

A New Econometric Model of Index Arbitrage  

Microsoft Academic Search

AbstractThis paper introduces a new econometric model of the mispricing associated with (contemporaneous) differences between spot and futures prices. Like existing models, this model assumes that the level of arbitrage activity is positively related to the magnitude of absolute mispricing. However, unlike existing models, the new model assumes that a parameter governing a key feature of this relationship varies over

Nicholas Taylor

2007-01-01

28

Maximum likelihood estimation of econometric frontier functions  

Microsoft Academic Search

The estimation of production functions has been one of the more popular areas of applied econometrics. Recent work in duality theory which has linked production and cost functions has made this topic even more attractive. Typically, least squares (or some variant, such as two stage or generalized least squares) is used to estimate the model of interest in accordance with

William H. Greene

1980-01-01

29

Matching as an Econometric Evaluation Estimator  

Microsoft Academic Search

First version received October 1994, final version accepted October 1997 (Eds.) This paper develops the method of matching as an econometric evaluation estimator. A rigorous distribution theory for kernel-based matching is presented. The method of matching is extended to more general conditions than the ones assumed in the statistical literature on the topic. We focus on the method of propensity

James J. Heckman; Hidehiko Ichimura; Petra Todd

1998-01-01

30

Econometric modelling of international carbon tax regimes  

Microsoft Academic Search

An econometric model of fossil fuel demand has been estimated for eight OECD countries, relating coal, oil and gas demands to GDP and prices. In addition a model of endogenous technical progress has been estimated, aiming to include both price induced innovation in energy and structural change in the economy as long-term determinants of energy consumption. A number of possible

Clare Smith; Stephen Hall; Nick Mabey

1995-01-01

31

Applied Spatial Econometrics: Raising the Bar  

Microsoft Academic Search

This paper places the key issues and implications of the new ‘introductory’ book on spatial econometrics by James LeSage & Kelley Pace (2009) in a broader perspective: the argument in favour of the spatial Durbin model, the use of indirect effects as a more valid basis for testing whether spatial spillovers are significant, the use of Bayesian posterior model probabilities

J. Paul Elhorst

2010-01-01

32

The econometrics of finance and growth  

Microsoft Academic Search

This paper reviews different econometric methodologies to assess the relationship between financial development and growth. It illustrates the identification problem, which is at the center of the finance and growth literature, using the example of a simple Ordinary Least Squares estimation. It discusses cross-sectional and panel instrumental variable approaches to overcome the identification problem. It presents the time-series approach, which

Thorsten Beck

2008-01-01

33

How to Use Econometric Models to Forecast.  

National Technical Information Service (NTIS)

The purpose of this paper is to describe the procedures followed by the Research Department of the Federal Reserve Bank of Minneapolis in producing a forecast of natural economic activity with the aid of a large econometric model. We produce such a foreca...

T. M. Supel

1975-01-01

34

Bayesian Inference in Dynamic Econometric Models  

Microsoft Academic Search

This book contains an up-to-date coverage of the last twenty years advances in Bayesian inference in econometrics, with an emphasis on dynamic models. It shows how to treat Bayesian inference in non linear models, by integrating the useful developments of numerical integration techniques based on simulations (such as Markov Chain Monte Carlo methods), and the long available analytical results of

Luc Bauwens; Michel Lubrano; Jean-Francois Richard

1999-01-01

35

Bootstrapping an Econometric Model: Some Empirical Results.  

National Technical Information Service (NTIS)

The bootstrap, like the jack-knife, is a technique for estimating standard errors. The idea is to use Monte-Carlo simulation, based on a non-parametric estimate of the underlying error distribution. The bootstrap will be applied to an econometric model de...

D. Freedman S. Peters

1983-01-01

36

US Regional Income Convergence: A Spatial Econometric Perspective  

Microsoft Academic Search

REY S. J. and MONTOURI B. D. (1999) US regional income convergence: a spatial econometric perspective, Reg. Studies 33 , 143-156. This study reconsiders the question of US regional economic income convergence from a spatial econometric perspective. Recently developed methods of exploratory spatial data analysis provide new insights on the geographical dynamics of US regional income growth patterns over the

Sergio J. Rey; Brett D. Montouri

1999-01-01

37

Econometrics for Evaluations: An Introduction to Recent Developments  

Microsoft Academic Search

There has recently been a rapid expansion of interest in the econometrics of program evaluation, both within Australia and around the world. We provide a review of the key issues and recent developments in this field. A central feature of recent developments is the attempt to allow for program impacts that vary across individuals. This contrasts with earlier econometric approaches

Deborah A. Cobb-Clark; Thomas Crossley

2003-01-01

38

Limited-Dependent and Qualitative Variables in Econometrics  

Microsoft Academic Search

This book presents the econometric analysis of single-equation and simultaneous-equation models in which the jointly dependent variables can be continuous, categorical, or truncated. Despite the traditional emphasis on continuous variables in econometrics, many of the economic variables encountered in practice are categorical (those for which a suitable category can be found but where no actual measurement exists) or truncated (those

G. S. Maddala

1989-01-01

39

The Influence of A. W. H. Phillips on Econometrics  

Microsoft Academic Search

This paper is a contribution to the memory of A.W.H. Phillips, drawing on the authors' personal recollections of Bill as a teacher and colleague, and also presenting links between Bill's research in econometrics and some more recent econometrics literature. Particular topics mentioned are : models of wage and price determination; control theory; exogeneity; moving average errors in dynamic models; and

David F. Hendry; Grayham E. Mizon

1996-01-01

40

Econometric Theory and Methods, by Russell Davidson and James G. MacKinnon  

Microsoft Academic Search

Teaching graduate econometrics means covering three different kinds of subject matter: a grounding in the theory of econometrics, a long laundry list of available econometric techniques, and an introduction to the fact that the practice of linking models and data is every bit as untidy as mathematical statistics is neat. I assign Econometric Theory and Methods (ETM) as a primary

Richard Startz

2005-01-01

41

Projecting electricity consumption with an econometric model  

SciTech Connect

Using an econometric model estimated with state data for the period 1961-1982, long-term projections of the growth rate in electricity consumption are presented. A projection of 3.25% per year is produced by an aggregate model. Using a similar model estimated on a regional basis, an aggregate projection of 4.19% is obtained. The main variable contributing to these projections are economic expansion, broadly defined to include income and the number of customers. Although the price of electricity is a statistically significant variable, this price is projected to be approximately stable in real terms, and hence not to contribute to electricity demand. 10 references, 1 figure, 5 tables.

Sutherland, R.J.

1987-01-01

42

A package for analytic simulation of econometric models  

Microsoft Academic Search

Some analytic simulation techniques for the analysis of the reduced form and of the dynamic properties of econometric models are described. Comparisons are made with analytical methods available for linear models.

Carlo Bianchi; Giorgio Calzolari; Paolo Corsi

1979-01-01

43

The Status of Econometrics in the Economics Major: A Survey  

ERIC Educational Resources Information Center

|In this article, the authors describe the place of econometrics in undergraduate economics curricula in all American colleges and universities that offer economics majors as listed in the "U.S. News & World Report" "Best Colleges 2010" guide ("U.S. News & World Report" 2009). Data come from online catalogs, departmental Web sites, and online…

Johnson, Bruce K.; Perry, John J.; Petkus, Marie

2012-01-01

44

Regional Convergence in Unified Germany: A Spatial Econometric Perspective  

Microsoft Academic Search

This paper investigates regional convergence in unified Germany for the period 1992-2000. We adopt a spatial econometric approach on the basis of an extended Solow model. If spatial dependence across regions turns out to be substantial, its ignorance leads to biased and inconsistent estimates of the convergence rate and impacts of control variables; in case of a nuisance dependence biased

Reinhold Kosfeld; Friedrich Eckey; Christian Dreger

45

Foreign aid and economic growth: an econometric study of bangladesh  

Microsoft Academic Search

Bangladesh is one of the poorest countries in the world. Since independence in 1971, Bangladesh has received a large inflow of foreign capital from various countries for rapid economic progress. Bangladesh thus provides a test case for examining the effectiveness of foreign capital in promoting economic growth. Focussing on the supply side of the economy, an econometric model is developed

Anisul Islam

1992-01-01

46

Economic growth and welfare state: a debate of econometrics  

Microsoft Academic Search

This study econometrically tests the impacts on economic growth of public social expenditure and its four major components: income support, pension benefits, public health and other social services. I use a two-way fixed effect model for panel data of all OECD nations, which includes most of the determinants of growth in previous growth empirical studies for either cross section or

HONG DING

2012-01-01

47

A selective overview of nonparametric methods in flnancial econometrics  

Microsoft Academic Search

This paper gives a brief overview on the nonparametric techniques that are useful for flnancial econometric problems. The problems include estimation and inferences of instantaneous returns and volatility functions, and estimation of transition densities and state price densities. We flrst brie?y describe the problems and then outline main techniques and main results. Some useful probabilistic aspects of difiusion processes are

Jianqing Fan

2003-01-01

48

Panel Data Econometrics in R: The plm Package  

Microsoft Academic Search

Panel data econometrics is obviously one of the main fields in the profession, but most of the models used are difficult to estimate with R. plm is a package for R which intends to make the estimation of linear panel models straightforward. plm provides functions to estimate a wide variety of models and to make (robust) inference.

Yves Croissant; Giovanni Millo

2008-01-01

49

Parametric and nonparametric models and methods in financial econometrics  

Microsoft Academic Search

Financial econometrics has become an increasingly popular research field. In this paper we review a few parametric and nonparametric models and methods used in this area. After introducing several widely used continuous-time and discrete-time models, we study in detail dependence structures of discrete samples, including Markovian property, hidden Markovian structure, contaminated observations, and random samples. We then discuss several popular

Zhibiao Zhao

2008-01-01

50

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

51

Long memory processes and fractional integration in econometrics  

Microsoft Academic Search

This paper provides a survey and review of the major econometric work on long memory processes, fractional integration, and their applications in economics and finance. Some of the definitions of long memory are reviewed, together with previous work in other disciplines. Section 3 describes the population characteristics of various long memory processes in the mean, including ARFIMA. Section 4 is

Richard T. Baillie

1996-01-01

52

Economic Development and Environmental Quality: An Econometric Analysis  

Microsoft Academic Search

The relationship between economic development and environmental quality is analyzed econometrically for a large sample of countries over time. The results indicate that some indicators improve with rising incomes (like water and sanitation), others worsen and then improve (particulates and sulfur oxides), and others worsen steadily (dissolved oxygen in rivers, municipal solid wastes, and carbon emissions). Growth tends to be

Nemat Shafik

1994-01-01

53

An Econometric Analysis of Income Tax Evasion and its Detection  

Microsoft Academic Search

This article presents an econometric analysis of income tax evasion and its detection based on individual-level data drawn from the Internal Revenue Service 1982 and 1985 Taxpayer Compliance Measurement Programs. I specify a model consisting of two equations: the first measures the extent of evasion; the second, the fraction of evasion detected. The empirical analysis explores the effects of income,

Jonathan S. Feinstein

1991-01-01

54

An Econometric Model of Tourism Demand in France  

Microsoft Academic Search

This case study gives an overview of the tourism demand in France by using an econometric model. The study covers the period between 1975 and 2003. Five developed countries have been selected, and the choice of the countries is based upon the fact that continuous data on all relevant variables are available only for those countries. The results show a

Laurent Botti; Nicolas Peypoch; Rado Randriamboarison; Bernardin Solonandrasana

2006-01-01

55

Econometric study of electricity demand by manufacturing industries  

Microsoft Academic Search

This report presents an econometric model of electricity demand for the Standard Industrial Classification (SIC) three-digit manufacturing industries in the United States. Previous studies on the demand for electricity by manufacturing industries are reviewed briefly. The specification of the model, which consists of a demand and a price equation, is discussed. Estimation, dynamic-simulation, and forecasting results for each of the

H. S. Chang; W. S. Chern

1980-01-01

56

Econometric analyses of linked employer–employee data  

Microsoft Academic Search

In this article we address the econometric issues associated with analyses of these data, in particular with longitudinal linked employer-employee data. The key feature of such data is that individuals and employing firms are both identified and followed over time. Measured characteristics of the individual are collected at multiple points in time and measured char- acteristics of the employing firm

John M. Abowd; Francis Kramarz

1999-01-01

57

Econometric Model of the U.S. Apple Market.  

National Technical Information Service (NTIS)

An econometric model of the U.S. apple sector was formulated for 1952-81. A system of demand, domestic market allocation, and margin equations were estimated using the two-stage least squares procedure. Retail prices were found to be significantly related...

H. S. Baumes R. K. Conway

1985-01-01

58

An Econometric Model for Ex Ante Prediction of Suppression Costs  

Microsoft Academic Search

This report develops and estimates an econometric model that can provide predictions of fire suppression costs (per acre and in total) for a given large fire before final fire acreage is known. The model jointly estimates cost per acre and acreage equations via Maximum Likelihood, accounting for sample truncation based on final fire size. Formulas and results are shown for

Jonathan Yoder; Krista Gebert

59

A Spatial Econometric Examination of China's Economic Growth  

Microsoft Academic Search

It is universally acknowledged that China's recent economic growth involves distinct spatial patterns across the 30 provinces. Despite this, most studies analyze provincial economic growth patterns using cross-sectional methods that average over all provinces. This study analyzes China's recent economic growth at a provincial level using non-parametric and Bayesian spatial econometric methods that allow for locally linear spatial variation in

James P. Lesage

1999-01-01

60

Econometric model for age- and population-dependent radiation exposures  

SciTech Connect

The economic impact associated with ionizing radiation exposures in a given human population depends on numerous factors including the individual's mean economic status as a function age, the age distribution of the population, the future life expectancy at each age, and the latency period for the occurrence of radiation-induced health effects. A simple mathematical model has been developed that provides an analytical methodology for estimating the societal econometrics associated with radiation effects are to be assessed and compared for economic evaluation.

Sandquist, G.M.; Slaughter, D.M. (Univ. of Utah, Salt Lake City (United States)); Rogers, V.C.

1991-01-01

61

Estimation and Inference in Two-Step Econometric Models  

Microsoft Academic Search

A commonly used procedure in a wide class of empirical applications is to impute unobserved regressors, such as expectations, from an auxiliary econometric model. This two-step (T-S) procedure fails to account for the fact that imputed regressors are measured with sampling error, so hypothesis tests based on the estimated covariance matrix of the second-step estimator are biased, even in large

Kevin M. Murphy; Robert H. Topel

1985-01-01

62

Econometric analysis of interest rate pass-through  

Microsoft Academic Search

The econometric analysis of interest rate pass-through is examined. It is noted a number of recent studies have employed a procedure that underestimates the extent of interest rate pass-through. This issue is highlighted via an analysis of pass-through from the U.S. Federal Funds rate to the U.S. 30-year fixed mortgage rate. In contrast to work of Payne (2006), which draws

Steven Cook

2008-01-01

63

Spatial econometrics functions in R: Classes and methods  

NASA Astrophysics Data System (ADS)

Placing spatial econometrics and more generally spatial statistics in the context of an extensible data analysis environment such as R exposes similarities and differences between traditions of analysis. This can be fruitful, and is explored here in relation to prediction and other methods usually applied to fitted models in R. Objects in R may be assigned a class attribute, including fitted model objects. Such fitted model objects may be provided with methods allowing them to be displayed, compared, and used for prediction, and it is of interest to see whether fitted spatial models can be treated in the same way.

Bivand, Roger

64

Sinning in the Basement: What Are the Rules? The Ten Commandments of Applied Econometrics  

Microsoft Academic Search

Unpleasant realities of real-world data force applied econometricians to violate the prescriptions of econometric theory as taught by our textbooks. Leamer (1978) vividly describes this behavior as wanton sinning in the basement, with sinners' metamorphizing into high priests as they ascend to the third floor to teach econometric theory. But this sinning is not completely wanton--applied econometricians do (or should)

Peter E. Kennedy

2002-01-01

65

Sequential combination of statistics, econometrics and Adaptive Neural-Fuzzy Interface for stock market prediction  

Microsoft Academic Search

Since last decade advanced data simulations help to identify hidden trends in a time series. Our purpose is to identify uncertainties during recession period using statistical analysis, econometrical analysis and Adaptive Neural-Fuzzy networks. In this paper, initially through computational analysis we are testing financial data using correlation tests, likelihood tests, heteroscedastic characteristics analysis and hypothesis tests. These statistical and econometrical

Tanvir Ansari; Manoj Kumar; Anupam Shukla; Joydip Dhar; Ritu Tiwari

2010-01-01

66

Computationally intensive econometrics using a distributed matrix-programming language.  

PubMed

This paper reviews the need for powerful computing facilities in econometrics, focusing on concrete problems which arise in financial economics and in macroeconomics. We argue that the profession is being held back by the lack of easy-to-use generic software which is able to exploit the availability of cheap clusters of distributed computers. Our response is to extend, in a number of directions, the well-known matrix-programming interpreted language Ox developed by the first author. We note three possible levels of extensions: (i) Ox with parallelization explicit in the Ox code; (ii) Ox with a parallelized run-time library; and (iii) Ox with a parallelized interpreter. This paper studies and implements the first case, emphasizing the need for deterministic computing in science. We give examples in the context of financial economics and time-series modelling. PMID:12804277

Doornik, Jurgen A; Hendry, David F; Shephard, Neil

2002-06-15

67

Econometrics of exhaustible resource supply: a theory and an application  

SciTech Connect

This report takes a major step toward developing a fruitful approach to empirical analysis of resource supply. It is the first empirical application of resource theory that has successfully integrated the effects of depletion of nonrenewable resources with the effects of uncertainty about future costs and prices on supply behavior. Thus, the model is a major improvement over traditional engineering-optimization models that assume complete certainty, and over traditional econometrics models that are only implicitly related to the theory of resource supply. The model is used to test hypotheses about interdependence of oil and natural gas discoveries, depletion, ultimate recovery, and the role of price expectations. This paper demonstrates the feasibility of using exhaustible resource theory in the development of empirically testable models. 19 refs., 1 fig., 5 tabs.

Epple, D.

1983-01-01

68

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.

Feldstein, P J; Roehrig, C S

1980-01-01

69

Multi-Sectoral Econometric Modelling Part 2. Theoretical Structure of the Model.  

National Technical Information Service (NTIS)

Theoretical structure of the model was investigated on the multi-sectional econometric model incorporated into the medium term economic forecasting system up to 2000. Economic variables incorporated into the model are determined and the basic interrelatio...

T. Hattori

1988-01-01

70

Analytical-numerical solution of a nonlinear integrodifferential equation in econometrics  

NASA Astrophysics Data System (ADS)

A mixed problem for a nonlinear integrodifferential equation arising in econometrics is considered. An analytical-numerical method is proposed for solving the problem. Some numerical results are presented.

Kakhktsyan, V. M.; Khachatryan, A. Kh.

2013-07-01

71

Paradise lost and found? The econometric contributions of Clive W. J. Granger and Robert F. Engle  

Microsoft Academic Search

This paper provides a non-technical and illustrated introduction to the econometric contributions of the 2003 Nobel Prize winners, Robert Engle and Clive Granger, with a special emphasis on their implications for heterodox economists.

Peter Hans Matthews

2005-01-01

72

The econometric submodels of the Energy Policy Socioeconomic Impact Model (EPSIM)  

SciTech Connect

The Energy Policy Socioeconomic Impact Model (EPSIM) is an econometric simulation model that runs on IBM-compatible personal computers. It can be used to assess the economic impact of energy policies and programs, such as utility rate designs and demand-side management programs, on various population groups, such as minority and low-income households. The econometric submodels that constitute the internal structure of EPSIM are described in detail.

Butler, J.G.; Poyer, D.A.

1994-04-01

73

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

74

THE RISE AND FALL OF EXTRANEOUS ESTIMATION: LESSONS FROM ECONOMETRIC HISTORY?  

Microsoft Academic Search

It is possible to view econometric history as the retrospective assessment of intellectual resource allocations. This paper uses such a perspective to examine the history of extraneous estimation. Independently proposed by Marschak (1939, Econometrica 7, 332 335) and Wold (1940, Efterfr gan p jordbruksprodukter och dess k nslighet f r prisoch inkomstf r ndringar (The demand for agricultural products and

A. Buse

2003-01-01

75

Model Validation in Spatial Econometrics: A Review and Evaluation of Alternative Approaches  

Microsoft Academic Search

Formal approaches to assess the validity of spatial theoretical constructs are reviewed and evaluated with respect to their application and potential in spatial econometrics. A distinction is made between specification tests and model selection procedures. For the first, particular emphasis is on tests for residual spatial autocorrelation, tests on common factors, and tests on non-nested hypotheses. For the second, attention

Luc Anselin

1988-01-01

76

Statistical and econometric analysis of the impact of China's energy, environment on the economic development  

Microsoft Academic Search

Through statistical description and analysis of econometric models of energy consumption, environmental conditions, and their impact on economic development, we draw conclusions that present China's economic growth is at the cost of the huge energy consumption and environmental pollution. To maintain long-term sustainable economic development, and achieve intensive economic growth, it is necessary to take industrial ecology and green GDP

NAN Yingzi; GAO Yuying

2011-01-01

77

Thailand's natural rubber economy in an international setting: an econometric investigation  

Microsoft Academic Search

The Thai natural rubber economy is described in the context of the world rubber market. An econometric model is estimated for 15 structural equations; it includes the Thai, US, and rest-of-the-world rubber economies. Several simulation experiments are analyzed for the period from 1984 to 1995. Impact and dynamic multipliers are reported for major endogenous variables in response to changes in

Suwanakul

1986-01-01

78

An econometric model of serial correlation and illiquidity in hedge fund returns  

Microsoft Academic Search

The returns to hedge funds and other alternative investments are often highly serially correlated. In this paper, we explore several sources of such serial correlation and show that the most likely explanation is illiquidity exposure and smoothed returns. We propose an econometric model of return smoothing and develop estimators for the smoothing profile as well as a smoothing-adjusted Sharpe ratio.

Mila Getmansky; Andrew W. Lo; Igor Makarov

2004-01-01

79

An Econometric Model of Credit Spreads with Rebalancing, ARCH and Jump Effects  

Microsoft Academic Search

In this paper, we examine the dynamic behavior of credit spreads on corporate bond portfolios. We propose an econometric model of credit spreads that incorporates portfolio rebalancing, the near unit root property of spreads, the autocorrelation in spread changes, the ARCH conditional heteroscedasticity, jumps, and lagged market factors. In particular, our model is the first that takes into account explicitly

Herman J. Bierens; Jing-zhi Huang; Weipeng Kong

2003-01-01

80

An Initial Econometric Consideration of Supply and Demand in the Guaranteed Student Loan Program.  

ERIC Educational Resources Information Center

|In this econometric model of the Guaranteed Student Loan Program (GSLP), supply is related to banks' liquidity and yield curves, all lenders' economic costs and returns, and Student Loan Marketing Association activity. GSLP demand is based on loan costs, family debt position, and net student need for financial aid. (RW)|

Bayus, Barry; Kendis, Kurt

1982-01-01

81

Econometric Estimates of Deterrence of the Death Penalty: Facts or Ideology?  

Microsoft Academic Search

SUMMARYIn 2007, the Wall Street Journal published an article claiming that each execution saves more than 70 lives. This example is used to show how easy it is, using simple or advanced econometric techniques, to produce results that do or do not support the deterrence hypothesis. Moreover, we also point to some puzzles which have not been satisfactorily solved so

Gebhard Kirchgässner

2011-01-01

82

Spatial Econometric Modelling of Small Scale Neighbourhood in House Price Models  

Microsoft Academic Search

Location and small scale neighbourhood have a substantial eect on house prices. Variables describing small scale neighbourhood are usually missing or hard to measure. If spatially correlated explanatory variables are missing from a hedonic price model the errors will be spa- tially correlated. The paper searches for a solution by combining spa- tial econometric models and variables that measure the

Linda Gerkman

83

An Application of Spatial Econometrics in Relation to Hedonic House Price Modelling  

Microsoft Academic Search

This paper applies spatial econometrics in relation to hedonic house price modelling. We present and use some basic acknowledged spatial model alternatives and a battery of relevant tests. Geographically weighted regression, semiparametric analysis, and the mixed spatial Durbin model are also applied. The purpose is to detect missing spatial variables, misspecified functional form and spatial heterogeneity in estimated parameters. Such

Liv Osland

2010-01-01

84

Econometric Choice Formulations: Alternative Model Structures, Estimation Techniques, and Emerging Directions  

Microsoft Academic Search

The last six years since the Austin IATBR conference has been a very fertile period for the germination of new conceptual, theoretical, and computational developments in the field of econometric choice models. There is a sense today of absolute control over the kind of choice behavior structures one wants to specify in empirical contexts and a renewed excitement in the

Chandra R. Bhat

85

An Econometric Approach to the Analysis of Soybean and Soybean Product Markets.  

National Technical Information Service (NTIS)

An econometric model of the soybean industry is used to analyze the impacts of key factors in domestic and foreign markets. The objective is to determine the sensitivity of soybean and soybean product markets to selected supply and demand shifts. The exog...

W. H. Meyers D. D. Hacklander

1979-01-01

86

An econometric analysis of Thai stock market in the context of global stock market integration  

Microsoft Academic Search

This thesis provides an econometric analysis of the Thai stock market in the context of global stock market integration. Chapter 3 examines whether stock prices for 16 countries are trend stationary or follow a random walk process using the Zivot and Andrews (1992) and Lumsdaine and Papell (1997) tests and monthly data spanning December 1987 to April 2007. With one

Surachai Chancharat

2008-01-01

87

Using simulation methods for Bayesian econometric models: inference, development, and communication  

Microsoft Academic Search

This paper surveys the fundamental principles of subjective Bayesian inference in econometrics and the implementation of those principles using posterior simulation methods. The emphasis is on the combination of models and the development of predictive distributions. Moving beyond conditioning on a fixed number of completely specified models, the paper introduces subjective Bayesian tools for formal comparison of these models with

John Geweke

1998-01-01

88

Using simulation methods for bayesian econometric models: inference, development,and communication  

Microsoft Academic Search

This paper surveys the fundamental principles of subjective Bayesian inference in econometrics and the implementation of those principles using posterior simulation methods. The emphasis is on the combination of models and the development of predictive distributions. Moving beyond conditioning on a fixed number of completely specified models, the paper introduces subjective Bayesian tools for formal comparison of these models with

John Geweke

1999-01-01

89

An econometric model of health care utilization and health insurance in Switzerland  

Microsoft Academic Search

This paper presents a preliminary econometric analysis on how different alternative plans affect the utilization of health care services in Switzerland. The data come from the 1992–1993 Swiss Health Survey (SHS). We briefly describe some institutional aspects of the Swiss health system which prevailed at the time of the SHS, with particular emphasis on health insurance plans and payment system

Alberto Holly; Lucien Gardiol; Gianfranco Domenighetti; Brigitte Bisig

1998-01-01

90

An econometric analysis of the demand for private health insurance in England and Wales  

Microsoft Academic Search

This paper discusses the nature of demand for private health, insurance in a health care market in which the consumer can neither opt out of tax payments for nor lose his entitlement to public health care. A single equation econometric model of the demand for private health cover is estimated using the 1982 General Household Survey. The results indicate that

Carol Propper

1989-01-01

91

An automated econometric decision support system: forecasts for foreign exchange trades  

Microsoft Academic Search

Making decisions challenges foreign exchange (FX) market brokers due to the volatility of the foreign exchange market, as well as the unmanageable flood of possibly relevant information. Thus, decision making in this complex and dynamically changing environment is a difficult task requiring automated decision support systems. In this contribution, we describe an econometric decision support approach, which enables the extraction

Bernd Brandl; Christian Keber; Matthias G. Schuster

2006-01-01

92

The Econometric Model of the Dental Sector: Purpose, Scope, and Uses.  

National Technical Information Service (NTIS)

The Econometric Model of the Dental Sector (EMODS) represents the current stage of development of a research project first begun in 1971. As it now stands, the EMODS represents the most sophisticated and comprehensive model of any health care sector. The ...

1980-01-01

93

An econometrics view of worldwide fossil fuel consumption and the role of US  

Microsoft Academic Search

Crude oil, coal and gas, known as fossil fuels, play a crucial role in the global economy. This paper proposes new econometrics modelling to demonstrate the trend of fossil fuels consumption. The main variables affecting consumption trends are: world reserves, the price of fossil fuels, US production and US net imports. All variables have been analysed individually for more than

Shahriar Shafiee; Erkan Topal

2008-01-01

94

A Spatial Econometric Approach to the Economics of Site-Specific Nitrogen Management in Corn Production  

Microsoft Academic Search

The objective of this study is to determine the potential for using spatial econometric analysis of combine yield monitor data to estimate the site-specific crop response functions. The specific case study is for site-specific nitrogen (N) application to corn production in Argentina. Spatial structure of the yield data is modeled with landscape variables, spatially autoregressive error and groupwise heteroskedasticity. Results

Luc Anselin; Rodolfo Bongiovanni; Jess Lowenberg-DeBoer

2004-01-01

95

Wife-beating in rural South India: A qualitative and econometric analysis  

Microsoft Academic Search

This paper uses ethnographic and econometric methods to study the determinants of wife abuse in a community of potters in Southern India. The qualitative work demonstrates that wife abuse is more likely when dowries are perceived as inadequate, when husbands are alcoholic, and when the cause of the abuse is perceived as “legitimate” by the community. Hypotheses generated from the

Vijayendra Rao

1997-01-01

96

Estimation and model specification testing in nonparametric and semiparametric econometric models  

Microsoft Academic Search

This paper considers two classes of semiparametric nonlinear regression models, in which nonlinear components are introduced to reflect the nonlinear fluctuation in the mean. A general estimation and testing procedure for nonparametric time series regression under the strong-mixing condition is introduced. Several test statistics for testing nonparametric significance, linearity and additivity in nonparametric and semi-parametric time series econometric models are

Jiti Gao; Maxwell King

2003-01-01

97

Two issues in the municipal ownership of electric power distribution systems. [Statistical\\/econometric scrutiny  

Microsoft Academic Search

Though municipal ownership of electric power distribution systems has been a growing public issue since the late 1960s, serious empirical econometric investigation of distribution has barely begun. The author opens with a critique of two recent works on distribution costs: one on distribution return to scale and one on comparative public\\/private efficiency. A new conceptualization of the factors influencing distribution

Neuberg

2009-01-01

98

Econometric Model of the World Cotton and Non-Cellulosic Fibers Markets.  

National Technical Information Service (NTIS)

The main purpose of the study was to specify and estimate an econometric model of the world fiber market, with emphasis on the cotton sector, and following testing and validation of the model, to forecast prices, production and consumption for the major w...

J. Celeman M. E. Thigpen

1991-01-01

99

On the Predictive Performance of the BEA Quarterly Econometric Model and a Box-Jenkins Type Arima Model.  

National Technical Information Service (NTIS)

This paper compares the predictive performance of the BEA quarterly econometric model with that of a parsimonious Box-Jenkins type autogressive integrated moving average model for univariate time series analysis. For this purpose, GNP is the variable of i...

G. V. L. Narasimham V. F. Castellino N. D. Singpurwalla

1974-01-01

100

A spatio-temporal econometric model of regional growth in Spain  

NASA Astrophysics Data System (ADS)

In this paper, a combined cross-section and time-series econometric analysis of Spanish regional growth is presented. This analysis operates with a database where the number of cross-sectional units is small for a typical panel of data, while the time dimension is clearly dominant. First, using recent techniques in the econometric analysis of panel data (both panel unit root and panel co-integration tests), a co-integrating relationship between the level of regional output and the level of regional input factors is found, and the steady-state equilibrium production function is estimated. Second, a dynamic spatio-temporal panel error correction model is used in order to describe the short-run regional growth adjustment process in space and time. As conclusion, it is possible to identify significant spatial effects in the Spanish regional growth after controlling for temporal variation of the implied variables.

Márquez, Miguel A.; Ramajo, Julián; Hewings, Geoffrey J. D.

2010-06-01

101

Are U.S. regions converging? Using new econometric methods to examine old issues  

Microsoft Academic Search

.   Are different regions of the United States experiencing convergence in levels of GDP? Carlino and Mills (1993) examined this\\u000a question through time-series techniques, and found some evidence in favor of regional convergence. This paper checks the robustness\\u000a of their results by using new econometric methods proposed by Vogelsang (1998). Our results, together with results from Loewy\\u000a and Papell (1996),

Marc Tomljanovich; Timothy J. Vogelsang

2002-01-01

102

An Econometric Model of the Term Structure of Interest-Rate Swap Yields  

Microsoft Academic Search

This article develops a multi-factor econometric model of the term structure of interest-rate swap yields. The model accommodates the possibility of counterparty default, and any differences in the liquidities of the Treasury and Swap markets. By parameterizing a model of swap rates directly, the authors are able to compute model-based estimates of the defaultable zero-coupon bond rates implicit in the

Darrell Duffie; Kenneth J Singleton

1997-01-01

103

Much ado about two: reconsidering retransformation and the two-part model in health econometrics  

Microsoft Academic Search

In health economics applications involving outcomes (y) and covariates (x), it is often the case that the central inferential problems of interest involve E[y|x] and its associated partial effects or elasticities. Many such outcomes have two fundamental statistical properties: y?0; and the outcome y=0 is observed with sufficient frequency that the zeros cannot be ignored econometrically. This paper (1) describes

John Mullahy

1998-01-01

104

An Econometric Analysis of the Costs of Sequestering Carbon in Forests  

Microsoft Academic Search

The Kyoto Protocol and the U.S. Climate Change Plan recognize afforestation as a potential means of reducing atmospheric CO2<\\/sub> concentrations. To examine the cost-effectiveness of afforestation, we use econometric land use models to estimate the marginal costs of carbon sequestration in Maine, South Carolina, and Wisconsin. Our findings include the following: (a) earlier studies of afforestation programs tend to underestimate

Douglas J. Miller; Thomas Mauldin

1999-01-01

105

Econometric Modelling based on Pattern recognition via the Fuzzy c-Means Clustering Algorithm  

Microsoft Academic Search

In this paper we consider the use of fuzzy modelling in the context of econometric analysis of both time-series and cross-section data. We discuss and demonstrate a semi-parametric methodology for model identification and estimation that is based on the Fuzzy c-Means algorithm that is widely used in the context of pattern recognition, and the Takagi-Sugeno approach to modelling fuzzy systems.

David E. A. Giles; Robert Draeseke

2001-01-01

106

An econometric model for resource management in competitive wireless data networks  

Microsoft Academic Search

This article investigates the role and importance of the economic aspects that are vital to the success of wireless services deployment and provider selection by users in a competitive environment. We show how some of the econometric measures can meaningfully capture the user decisions\\/actions (e.g., churning) that can potentially be utilized by the providers in managing radio resources (e.g., bandwidth)

Sajal K. Das; Haitao Lin; M. Chatterjee

2004-01-01

107

Multisectoral econometric models of the centrally planned economies and the disequilibria  

Microsoft Academic Search

The paper provides a systematic analysis of the properties of large econometric macro models built for the Centrally Planned economies of the '70s and '80s. A specific typology of macro models is introduced, distinguishing between the demand and quasi-demand determined systems on the one hand and the supply and quasi-supply determined systems on the other, and also between complete and

W?adys?aw Welfe

1991-01-01

108

Hedonic approaches based on spatial econometrics and spatial statistics: application to evaluation of project benefits  

NASA Astrophysics Data System (ADS)

This study discusses the theoretical foundation of the application of spatial hedonic approaches—the hedonic approach employing spatial econometrics or/and spatial statistics—to benefits evaluation. The study highlights the limitations of the spatial econometrics approach since it uses a spatial weight matrix that is not employed by the spatial statistics approach. Further, the study presents empirical analyses by applying the Spatial Autoregressive Error Model (SAEM), which is based on the spatial econometrics approach, and the Spatial Process Model (SPM), which is based on the spatial statistics approach. SPMs are conducted based on both isotropy and anisotropy and applied to different mesh sizes. The empirical analysis reveals that the estimated benefits are quite different, especially between isotropic and anisotropic SPM and between isotropic SPM and SAEM; the estimated benefits are similar for SAEM and anisotropic SPM. The study demonstrates that the mesh size does not affect the estimated amount of benefits. Finally, the study provides a confidence interval for the estimated benefits and raises an issue with regard to benefit evaluation.

Tsutsumi, Morito; Seya, Hajime

2009-12-01

109

Land-use change and carbon sinks: Econometric estimation of the carbon sequestration supply function  

SciTech Connect

Increased attention by policy makers to the threat of global climate change has brought with it considerable interest in the possibility of encouraging the expansion of forest area as a means of sequestering carbon dioxide. The marginal costs of carbon sequestration or, equivalently, the carbon sequestration supply function will determine the ultimate effects and desirability of policies aimed at enhancing carbon uptake. In particular, marginal sequestration costs are the critical statistic for identifying a cost-effective policy mix to mitigate net carbon dioxide emissions. We develop a framework for conducting an econometric analysis of land use for the forty-eight contiguous United States and employing it to estimate the carbon sequestration supply function. By estimating the opportunity costs of land on the basis of econometric evidence of landowners' actual behavior, we aim to circumvent many of the shortcomings of previous sequestration cost assessments. By conducting the first nationwide econometric estimation of sequestration costs, endogenizing prices for land-based commodities, and estimating land-use transition probabilities in a framework that explicitly considers the range of land-use alternatives, we hope to provide better estimates eventually of the true costs of large-scale carbon sequestration efforts. In this way, we seek to add to understanding of the costs and potential of this strategy for addressing the threat of global climate change.

Lubowski, Ruben N.; Plantinga, Andrew J.; Stavins, Robert N.

2001-01-01

110

Gas or electricity, which is cheaper?: An econometric approach with application to Australian expenditure data  

SciTech Connect

This paper introduces a new econometric approach to obtaining comparative estimates of the expenditures made on different end uses by households using either electricity or gas. A large sample of Austrialian households was used to derive precise estimates for space heating, water heating and cooking. Households using electricity for electricity for main heating spend less than similiar households using gas; for cooking, households using gas spend less than those using electricity in most regions; for water heating the results are mixed. The authors describe the methodology used to equate households and energy costs for the comparative analysis. 25 refs., 8 tabs.

Bartels, R.; Fiebig, D.G.; Plumb, M.H. [Univ. of Sydney (Australia)

1996-12-31

111

Econometrics and data of the 9 sector Dynamic General Equilibrium Model. Volume III. Final report  

SciTech Connect

This report presents the econometrics and data of the 9 sector Dynamic General Equilibrium Model. There are two key components of 9DGEM - the model of household behavior and the model of produconcrneer behavior. The household model is concerned with decisions on consumption, saving, labor supply and the composition of consumption. The producer model is concerned with output price formation and determination of input patterns and purchases for each of the nine producing sectors. These components form the behavioral basis of DGEM. The remaining components are concerned with constraints, balance conditions, accounting, and government revenues and expenditures (these elements are developed in the report on the model specification).

Berndt, E.R.; Fraumeni, B.M.; Hudson, E.A.; Jorgenson, D.W.; Stoker, T.M.

1981-03-01

112

A comparative analysis of errors in long-term econometric forecasts  

SciTech Connect

The growing body of literature that documents forecast accuracy falls generally into two parts. The first is prescriptive and is carried out by modelers who use simulation analysis as a tool for model improvement. These studies are ex post, that is, they make use of known values for exogenous variables and generate an error measure wholly attributable to the model. The second type of analysis is descriptive and seeks to measure errors, identify patterns among errors and variables and compare forecasts from different sources. Most descriptive studies use an ex ante approach, that is, they evaluate model outputs based on estimated (or forecasted) exogenous variables. In this case, it is the forecasting process, rather than the model, that is under scrutiny. This paper uses an ex ante approach to measure errors in forecast series prepared by Data Resources Incorporated (DRI), Wharton Econometric Forecasting Associates (Wharton), and Chase Econometrics (Chase) and to determine if systematic patterns of errors can be discerned between services, types of variables (by degree of aggregation), length of forecast and time at which the forecast is made. Errors are measured as the percent difference between actual and forecasted values for the historical period of 1971 to 1983.

Tepel, R.

1986-04-01

113

Regional convergence and the impact of European structural funds over 1989-1999: A spatial econometric analysis  

Microsoft Academic Search

This paper evaluates the impact of structural funds on the convergence process between 145 European regions over 1989-1999. The presence of spillover effects is investigated with spatial econometric methods, which assess the impact of the funds on the targeted region and its neighbours. We also control the potential endogeneity problem in the estimation of their impact. Our estimation results indicate

Sandy Dallerba; Julie Le Gallo

2008-01-01

114

Addressing nurse shortages: what can policy makers learn from the econometric evidence on nurse labour supply? &ast  

Microsoft Academic Search

This paper provides a detailed review of the international studies that have used formal econometric models to investigate the labour supply decision of Registered Nurses (RNs). The main finding is that, at least in the short-run, RN labour supply appears to be fairly unresponsive to wage changes. Consequently, even large wage increases are unlikely to be successful in tackling current

Michael A. Shields

2004-01-01

115

Econometric analysis of the changing effects in wind strength and significant wave height on the probability of casualty in shipping  

Microsoft Academic Search

This study uses econometric models to measure the effect of significant wave height and wind strength on the probability of casualty and tests whether these effects changed. While both effects are in particular relevant for stability and strength calculations of vessels, it is also helpful for the development of ship construction standards in general to counteract increased risk resulting from

Sabine Knapp; Shashi Kumar; Yuri Sakurada; Jiajun Shen

2011-01-01

116

The euro sovereign debt crisis, determinants of default probabilities and implied ratings in the CDS market: an econometric analysis  

Microsoft Academic Search

In this paper we take an innovative econometric look at the Euro Zone Sovereign Debt Crisis. We are particularly interested in understanding which determinants have led investors to ask for higher yields on sovereign debt from the Euro shatter belt. We dismiss the definition of speculation previously used in the literature, on the basis of the irrelevance of Granger Causality

Carlos Santos

2011-01-01

117

The Euro Sovereign Debt Crisis, Determinants of Default Probabilities and Implied Ratings in the CDS Market: An Econometric Analysis  

Microsoft Academic Search

In this paper we take an innovative econometric look at the Euro Zone Sovereign Debt Crisis. We are particularly interested in understanding which determinants have led investors to ask for higher yields on sovereign debt from the Euro shatter belt. We dismiss the definition of speculation previously used in the literature, on the basis of the irrelevance of Granger Causality

Carlos Santos

2011-01-01

118

Changes in the degree of financial integration within the European Community in the 1980s : Some econometric tests  

Microsoft Academic Search

Investigates the hypothesis of increased financial integration within the European Union (EU) based on an examination of covered and nominal interest rate differentials between March 1979 and August 1992 using cointegration and time-varying parameter econometric techniques. Discovers evidence of increased financial integration from about 1983, although this is not universal for all countries within the EU. In particular the UK

Mark J. Holmes; Eric J. Pentecost

1996-01-01

119

Twenty-five years of progress, problems, and conflicting evidence in econometric forecasting. What about the next 25 years?  

Microsoft Academic Search

In the early 1940s, the Cowles Commission for Research (later, the Cowles Foundation) fostered the development of statistical methodology for application in economics and paved the way for large-scale econometric models to be used for both structural estimation and forecasting. This approach stood for decades. Vector autoregression (VAR), appearing in the 1980s, was a clear improvement over early Cowles Foundation

P. Geoffrey Allen; Bernard J. Morzuch

2006-01-01

120

Growth patterns and regime change in nationally shared electronic banking networks: an econometric analysis of CIRRUS and PLUS  

Microsoft Academic Search

The authors examine whether adoption of shared electronic banking network technology in the financial services industry exhibits S-curve growth patterns as other technologies do. They consider this issue in an econometric analysis of the national networks CIRRUS and PLUS. When the size of the CIRRUS and PLUS networks grew into the range of market saturation, network operators decided in favor

Robert J. Kauffman; Yu-Ming Wang

1993-01-01

121

Method for Estimating the Timing Interval in a Linear Econometric Model, with an Application to Taylor's Model of Staggered Contracts.  

National Technical Information Service (NTIS)

This paper describes and implements a procedure for estimating the timing interval in any linear econometric models. The procedure is applied to Taylor's model of staggered contracts using annual averaged price and output data. The fit of the version of T...

L. J. Christiano

1985-01-01

122

Modelling the Impact of Decoupling on Structural Change in the Farming Sector: integrating econometric and optimisation models  

Microsoft Academic Search

This paper analyses implications of the 2003 Mid Term Review of the CAP, particularly decoupling of direct payments from production, for Irish farming. Using the Irish FADN data base, an integrated modelling approach involving optimisation models and econometric estimation has been developed to analyse the continued economic viability and the changing structure of farming. Farm level adjustments in response to

Thia C. Hennessy; Tahir Rehman

2006-01-01

123

Comparison of Macroeconomic Performance of Selected Asian Countries. An Econometric Analysis of China Economic Growth and Policy Implications  

Microsoft Academic Search

This paper compares the key macroeconomics indicators for the selected countries: China, Malaysia, Indonesia, Korea, Rep. and India and also makes an econometric analysis for China for the period 1961-2007. These countries are chosen on the basis of comparability of data and time without measurement errors. This study also investigates six hypotheses considering the impact of several key macroeconomic variables

Hasret Benar Balcioglu; Kivanç Vural

2009-01-01

124

Retail gas prices and its effect on actual automobile purchases: An econometric analysis  

NASA Astrophysics Data System (ADS)

Weekly aggregate vehicle purchase and retail gasoline price data, over the time span of 2001.01 to 2005.52, were used to determine in the Phoenix, Arizona metropolitan area if the price of gasoline helped to predict vehicle purchases. This time period and data set included the effects of rapidly changing technology and rapidly increasing retail gasoline prices. This time series econometric analysis took advantage of the Phillips-Perron and Augmented Dickey Fuller tests for stationarity, as well as the concept of Granger causality to answer this question. Short-run relationships were present and were not contingent on the gender of the purchaser. The long-run results were affirmative for female purchasers and there was not enough evidence to conclude the same for male purchasers.

Shaw, Brian F., Sr.

125

An econometric model of the regulated emissions for fuel-efficient new vehicles  

SciTech Connect

Results of recent studies suggested that because of the way the auto emissions are regulated, increasing the fuel economy of new vehicles may lead to a degradation in air quality. These results rest on the hypothesis that increasing the fuel economy of new vehicles leaves the emission rate of the regulated pollutants unchanged. This paper develops an econometric model of the emission rate of new vehicles and uses the model to test the null hypothesis that increased fuel economy leaves the emission rate unchanged. The estimation results do not reject the null. We subject the model to extensive specification tests as well, to be reasonably confident of its adequacy. 32 refs., 1 fig., 1 tab.

Khazzoom, J.D. [San Jose State Univ., CA (United States)

1995-03-01

126

Price and income elasticities of energy demand: Some estimates for Kuwait using two econometric models  

SciTech Connect

This paper estimates the demand for energy in Kuwait for the period 1965-1989 using two econometric models: a cointegration and error correction model (ECM) and a simultaneous-equation model (SEM). The results obtained from both models are similar. It is found that the energy demand is inelastic with respect to price in the short and long run, and while it is elastic in the long run, the energy demand is inelastic with respect to income in the short run. Both models` validation shows that the ECM performed better in replicating the past than the simultaneous model, suggesting the need to use the ECM to identify future prospects for energy demand in Kuwait.

Al-Mutairi, N.H.; Eltony, M.N.

1995-12-31

127

From physics to economics: An econometric example using maximum relative entropy  

NASA Astrophysics Data System (ADS)

Econophysics, is based on the premise that some ideas and methods from physics can be applied to economic situations. We intend to show in this paper how a physics concept such as entropy can be applied to an economic problem. In so doing, we demonstrate how information in the form of observable data and moment constraints are introduced into the method of Maximum relative Entropy (MrE). A general example of updating with data and moments is shown. Two specific econometric examples are solved in detail which can then be used as templates for real world problems. A numerical example is compared to a large deviation solution which illustrates some of the advantages of the MrE method.

Giffin, Adom

2009-04-01

128

A joint econometric analysis of seat belt use and crash-related injury severity.  

PubMed

This paper formulates a comprehensive econometric structure that recognizes two important issues in crash-related injury severity analysis. First, the impact of a factor on injury severity may be moderated by various observed and unobserved variables specific to an individual or to a crash. Second, seat belt use is likely to be endogenous to injury severity. That is, it is possible that intrinsically unsafe drivers do not wear seat belts and are the ones likely to be involved in high injury severity crashes because of their unsafe driving habits. The preceding issues are considered in the current research effort through the development of a comprehensive model of seat belt use and injury severity that takes the form of a joint correlated random coefficients binary-ordered response system. To our knowledge, this is the first instance of such a model formulation and application not only in the safety analysis literature, but in the econometrics literature in general. The empirical analysis is based on the 2003 General Estimates System (GES) data base. Several types of variables are considered to explain seat belt use and injury severity levels, including driver characteristics, vehicle characteristics, roadway design attributes, environmental factors, and crash characteristics. The results, in addition to confirming the effects of various explanatory variables, also highlight the importance of (a) considering the moderating effects of unobserved individual/crash-related factors on the determinants of injury severity and (b) seat belt use endogeneity. From a policy standpoint, the results suggest that seat belt non-users, when apprehended in the act, should perhaps be subjected to both a fine (to increase the chances that they wear seat belts) as well as mandatory enrollment in a defensive driving course (to attempt to change their aggressive driving behaviors). PMID:17854577

Eluru, Naveen; Bhat, Chandra R

2007-03-26

129

Is public R&D a complement or substitute for private R&D? A review of the econometric evidence  

Microsoft Academic Search

Is public R&D spending complementary and thus “additional” to private R&D spending, or does it substitute for and tend to “crowd out” private R&D? Conflicting answers are given to this question. We survey the body of available econometric evidence accumulated over the past 35 years. A framework for analysis of the problem is developed to help organize and summarize the

Paul A. David; Bronwyn H. Hall; Andrew A. Toole

2000-01-01

130

Spatial Econometric Models of Cross-Sectional Interdependence in Political Science Panel and Time-Series-Cross-Section Data  

Microsoft Academic Search

In this paper, we demonstrate the econometric consequences of different specification and estimation choices in the analysis of spatially interdependent data and show how to calculate and present spatial effect estimates substantively. We consider four common estimators—nonspatial OLS, spatial OLS, spatial 2SLS, and spatial ML. We examine analytically the respective omitted-variable and simultaneity biases of nonspatial OLS and spatial OLS

Robert J. Franzese; Jude C. Hays

2007-01-01

131

An assessment of Japanese carbon tax reform using the E3MG econometric model.  

PubMed

This paper analyses the potential economic and environmental effects of carbon taxation in Japan using the E3MG model, a global macroeconometric model constructed by the University of Cambridge and Cambridge Econometrics. The paper approaches the issues by considering first the impacts of the carbon tax in Japan introduced in 2012 and then the measures necessary to reduce Japan's emissions in line with its Copenhagen pledge of -25% compared to 1990 levels. The results from the model suggest that FY2012 Tax Reform has only a small impact on emission levels and no significant impact on GDP and employment. The potential costs of reducing emissions to meet the 25% reduction target for 2020 are quite modest, but noticeable. GDP falls by around 1.2% compared to the baseline and employment by 0.4% compared to the baseline. But this could be offset, with some potential economic benefits, if revenues are recycled efficiently. This paper considers two revenue recycling scenarios. The most positive outcome is if revenues are used both to reduce income tax rates and to increase investment in energy efficiency. This paper shows there could be double dividend effects, if Carbon Tax Reform is properly designed. PMID:23365531

Lee, Soocheol; Pollitt, Hector; Ueta, Kazuhiro

2012-12-11

132

The Standard Model in the history of the Natural Sciences, Econometrics, and the social sciences  

NASA Astrophysics Data System (ADS)

In the late 18th and early 19th centuries, scientists appropriated Newton's laws of motion as a model for the conduct of any other field of investigation that would purport to be a science. This early form of a Standard Model eventually informed the basis of analogies for the mathematical expression of phenomena previously studied qualitatively, such as cohesion, affinity, heat, light, electricity, and magnetism. James Clerk Maxwell is known for his repeated use of a formalized version of this method of analogy in lectures, teaching, and the design of experiments. Economists transferring skills learned in physics made use of the Standard Model, especially after Maxwell demonstrated the value of conceiving it in abstract mathematics instead of as a concrete and literal mechanical analogy. Haavelmo's probability approach in econometrics and R. Fisher's Statistical Methods for Research Workers brought a statistical approach to bear on the Standard Model, quietly reversing the perspective of economics and the social sciences relative to that of physics. Where physicists, and Maxwell in particular, intuited scientific method as imposing stringent demands on the quality and interrelations of data, instruments, and theory in the name of inferential and comparative stability, statistical models and methods disconnected theory from data by removing the instrument as an essential component. New possibilities for reconnecting economics and the social sciences to Maxwell's sense of the method of analogy are found in Rasch's probabilistic models for measurement.

Fisher, W. P., Jr.

2010-07-01

133

California demand and supply of crude oil: An econometric analysis with projections to 2000  

SciTech Connect

Forecast of California domestic crude oil supply requires the forecasts of California crude oil production and supply from Alaska. Future California crude oil production is forecast with an econometric model that postulates production as a function of reserves and reserves as a function of crude oil prices and exploration and development costs. Future supplies from Alaska are obtained by subtracting forecasts of Alaskan crude oil demand and shipments to the States of Hawaii, Oregon, and Washington from Alaskan North Slope crude oil production forecasts. A two-stage process was used to forecast future California crude oil demand. In the first stage, the demand for refined crude oil products was predicted with a single-equation double logarithmic rational-expectations dynamic model. In the second stage, the total demands obtained in the first stage were converted into a crude oil equivalent. It was found that the current surplus of domestic crude oil in California will end in 1994. Thereafter, California crude oil imports will sharply increase.

Ibegbulam, B.N.

1991-01-01

134

Econometric modeling of United States regional electricity demand under peak-load pricing  

SciTech Connect

Modeling and forecasting of residential electricity consumption associated with peak-load pricing in the United States are discussed. In the mid-1970s many experiments in TOU pricing took place in the US. The major objective of these experiments was to assess customer response to such rate and investigate whether they can produce a sufficient alteration in load curves in order to justify their mandatory implementation. Now we are seeing the effects of that research take hold with a number of instances of implementation of new TOU tariff structures and direct load control. At the heart of all these research efforts lies the question of whether results of the already-conducted experiments are transferable to other regions of the US in order to avoid the very high and often unaffordable expenses of experimentation. This study developed an econometric model used to investigate this question and found that transferability can only be achieved in the context of a voluntary implementation of TOU tariffs.

Ghali, K.

1988-01-01

135

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

136

Peer Influences on Drug Self-Administration: An Econometric Analysis in Socially Housed Rats  

PubMed Central

Social-learning theories of substance use propose that members of peer groups influence the drug use of other members by selectively modeling, reinforcing, and punishing either abstinence-related or drug-related behaviors. The objective of the present study was to examine social influences on cocaine self-administration in isolated and socially housed rats, with the caveat that the socially housed rats were tested simultaneously with their partner in the same chamber. To this end, male rats were obtained at weaning and housed in isolated or pair-housed conditions for 6 weeks. Rats were then implanted with intravenous catheters and cocaine self-administration was examined in custom-built operant conditioning chambers that allowed two rats to be tested simultaneously. For some socially housed subjects, both rats had simultaneous access to cocaine; for others, only one rat of the pair had access to cocaine. An econometric analysis was applied to the data, and the reinforcing strength of cocaine was measured by examining consumption (i.e., quantity demanded) and elasticity of demand as a function of price, which was manipulated by varying the dose and ratio requirements on a fixed ratio schedule of reinforcement. Cocaine consumption decreased as a function of price in all groups. Elasticity of demand did not vary across groups, but consumption was significantly lower in socially housed rats paired with a rat without access to cocaine. These data suggest that the presence of an abstaining peer decreases the reinforcing strength of cocaine, thus supporting the development of social interventions in drug abuse prevention and treatment programs.

Peitz, Geoffrey W.; Strickland, Justin C.; Pitts, Elizabeth G.; Foley, Mark; Tonidandel, Scott; Smith, Mark A.

2013-01-01

137

Industrial end-use planning methodology (INDEPTH): Demonstration of design: Volume 1, Econometric forecasting models: Interim report  

SciTech Connect

The INDEPTH industrial planning methodology will enable utilities to forecast service area electricity demand. The system allows the user to develop energy forecasts for the whole industrial sector, to examine industries most important to the service area, and to study uses of electricity that are of interest in demand-side management programs. The econometric model in this volume forecasts energy use for the entire industrial sector using a set of simultaneous factor demand equations with an imposed structure derived from the economic theory of cost-minimizing behavior.

Andrews, L.M.; King, M.J.; Leary, N.; Perry, D.M.; Snow, C.C.

1986-12-01

138

The Effects of Japanese Foreign Direct Investment on Bilateral Food Trade with East Asian Countries An Application of Panel Data Econometrics  

Microsoft Academic Search

This paper analysed the effect of Japanese foreign direct investment (FDI)on bilateral foodtrade with East Asian countries by applying the panel data econometrics approach to provideempirical evidence. Th e results indicated the existence of a complementary effect in the cases of ASEAN4 countries and China, suggesting that FDI was mainly the vertical type that promotesbilateral trade. In contrast, only an

Weerapong SATTAPHON; Akira KIMINAMI

139

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

Angrist, Joshua; Pischke, Jorn-Steffen

2010-01-01

140

Econometric analysis of the determinants of adoption of raising sheep in folds by farmers in the semiarid Loess Plateau of China  

Microsoft Academic Search

Agricultural practices combined with soil erosion resulted in extreme loss of soil fertility and reduced sustainability in the semiarid Loess Plateau of China. Alternative land uses include planting leguminous forage species for cut-and-carry feeding of livestock, and raising sheep in folds (RSFs). In this study, an econometric model was used to quantify the factors determining farmers' decision to adopt RSFs

Wan-Shou Zhang; Feng-Min Li; You-Cai Xiong; Qing Xia

2012-01-01

141

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

142

Estimating the economic potential for agricultural soil carbon sequestration in the Central United States using an aggregate econometric-process simulation model  

Microsoft Academic Search

The purpose of this paper is to develop and apply a new method to assess economic potential for agricultural greenhouse gas\\u000a mitigation. This method uses secondary economic data and conventional econometric production models, combined with estimates\\u000a of soil carbon stocks derived from biophysical simulation models such as Century, to construct economic simulation models\\u000a that estimate economic potential for carbon sequestration.

John M. Antle; Susan M. Capalbo; Keith Paustian

2007-01-01

143

An Econometric Analysis of the Elasticity of Vehicle Travel with Respect to Fuel Cost per Mile Using RTEC Survey Data  

SciTech Connect

This paper presents the results of econometric estimation of the ''rebound effect'' for household vehicle travel in the United States based on a comprehensive analysis of survey data collected by the U.S. Energy Information Administration (EIA) at approximately three-year intervals over a 15-year period. The rebound effect is defined as the percent change in vehicle travel for a percent change in fuel economy. It summarizes the tendency to ''take back'' potential energy savings due to fuel economy improvements in the form of increased vehicle travel. Separate vehicles use models were estimated for one-, two-, three-, four-, and five-vehicle households. The results are consistent with the consensus of recently published estimates based on national or state-level data, which show a long-run rebound effect of about +0.2 (a ten percent increase in fuel economy, all else equal, would produce roughly a two percent increase in vehicle travel and an eight percent reduction in fuel use). The hypothesis that vehicle travel responds equally to changes in fuel cost-per-mile whether caused by changes in fuel economy or fuel price per gallon could not be rejected. Recognizing the interdependency in survey data among miles of travel, fuel economy and price paid for fuel for a particular vehicle turns out to be crucial to obtaining meaningful results.

Greene, D.L.; Kahn, J.; Gibson, R.

1999-03-01

144

The Relationship of Sugar to Population-Level Diabetes Prevalence: An Econometric Analysis of Repeated Cross-Sectional Data  

PubMed Central

While experimental and observational studies suggest that sugar intake is associated with the development of type 2 diabetes, independent of its role in obesity, it is unclear whether alterations in sugar intake can account for differences in diabetes prevalence among overall populations. Using econometric models of repeated cross-sectional data on diabetes and nutritional components of food from 175 countries, we found that every 150 kcal/person/day increase in sugar availability (about one can of soda/day) was associated with increased diabetes prevalence by 1.1% (p <0.001) after testing for potential selection biases and controlling for other food types (including fibers, meats, fruits, oils, cereals), total calories, overweight and obesity, period-effects, and several socioeconomic variables such as aging, urbanization and income. No other food types yielded significant individual associations with diabetes prevalence after controlling for obesity and other confounders. The impact of sugar on diabetes was independent of sedentary behavior and alcohol use, and the effect was modified but not confounded by obesity or overweight. Duration and degree of sugar exposure correlated significantly with diabetes prevalence in a dose-dependent manner, while declines in sugar exposure correlated with significant subsequent declines in diabetes rates independently of other socioeconomic, dietary and obesity prevalence changes. Differences in sugar availability statistically explain variations in diabetes prevalence rates at a population level that are not explained by physical activity, overweight or obesity.

Basu, Sanjay; Yoffe, Paula; Hills, Nancy; Lustig, Robert H.

2013-01-01

145

The relationship of sugar to population-level diabetes prevalence: an econometric analysis of repeated cross-sectional data.  

PubMed

While experimental and observational studies suggest that sugar intake is associated with the development of type 2 diabetes, independent of its role in obesity, it is unclear whether alterations in sugar intake can account for differences in diabetes prevalence among overall populations. Using econometric models of repeated cross-sectional data on diabetes and nutritional components of food from 175 countries, we found that every 150 kcal/person/day increase in sugar availability (about one can of soda/day) was associated with increased diabetes prevalence by 1.1% (p <0.001) after testing for potential selection biases and controlling for other food types (including fibers, meats, fruits, oils, cereals), total calories, overweight and obesity, period-effects, and several socioeconomic variables such as aging, urbanization and income. No other food types yielded significant individual associations with diabetes prevalence after controlling for obesity and other confounders. The impact of sugar on diabetes was independent of sedentary behavior and alcohol use, and the effect was modified but not confounded by obesity or overweight. Duration and degree of sugar exposure correlated significantly with diabetes prevalence in a dose-dependent manner, while declines in sugar exposure correlated with significant subsequent declines in diabetes rates independently of other socioeconomic, dietary and obesity prevalence changes. Differences in sugar availability statistically explain variations in diabetes prevalence rates at a population level that are not explained by physical activity, overweight or obesity. PMID:23460912

Basu, Sanjay; Yoffe, Paula; Hills, Nancy; Lustig, Robert H

2013-02-27

146

Application of modern tests for stationarity to single-trial MEG data: transferring powerful statistical tools from econometrics to neuroscience.  

PubMed

Stationarity is a crucial yet rarely questioned assumption in the analysis of time series of magneto- (MEG) or electroencephalography (EEG). One key drawback of the commonly used tests for stationarity of encephalographic time series is the fact that conclusions on stationarity are only indirectly inferred either from the Gaussianity (e.g. the Shapiro-Wilk test or Kolmogorov-Smirnov test) or the randomness of the time series and the absence of trend using very simple time-series models (e.g. the sign and trend tests by Bendat and Piersol). We present a novel approach to the analysis of the stationarity of MEG and EEG time series by applying modern statistical methods which were specifically developed in econometrics to verify the hypothesis that a time series is stationary. We report our findings of the application of three different tests of stationarity--the Kwiatkowski-Phillips-Schmidt-Schin (KPSS) test for trend or mean stationarity, the Phillips-Perron (PP) test for the presence of a unit root and the White test for homoscedasticity--on an illustrative set of MEG data. For five stimulation sessions, we found already for short epochs of duration of 250 and 500 ms that, although the majority of the studied epochs of single MEG trials were usually mean-stationary (KPSS test and PP test), they were classified as nonstationary due to their heteroscedasticity (White test). We also observed that the presence of external auditory stimulation did not significantly affect the findings regarding the stationarity of the data. We conclude that the combination of these tests allows a refined analysis of the stationarity of MEG and EEG time series. PMID:22095173

Kipi?ski, Lech; König, Reinhard; Sielu?ycki, Cezary; Kordecki, Wojciech

2011-11-18

147

Comment on "Polynomial cointegration tests of anthropogenic impact on global warming" by Beenstock et al. (2012) - some hazards in econometric modelling of climate change  

NASA Astrophysics Data System (ADS)

We outline six important hazards that can be encountered in econometric modelling of time-series data, and apply that analysis to demonstrate errors in the empirical modelling of climate data in Beenstock et al. (2012). We show that the claim made in Beenstock et al. (2012) as to the different degrees of integrability of CO2 and temperature is incorrect. In particular, the level of integration is not constant and not intrinsic to the process. Further, we illustrate that the measure of anthropogenic forcing in Beenstock et al. (2012), a constructed "anthropogenic anomaly", is not appropriate regardless of the time-series properties of the data.

Pretis, F.; Hendry, D. F.

2013-10-01

148

Goal Programming in Econometrics.  

National Technical Information Service (NTIS)

An optimization model is introduced which permits overattainment and underattainment of any goal to be weighted either equally or differently in the decision maker's preference function. The model can be regarded as a special type of linear optimization m...

W. A. Spivey H. Tamura

1970-01-01

149

Mathematics + economics = econometrics  

Microsoft Academic Search

A standing joke among some economists deals with the plight of Adam Smith and Karl Marx. The point of the joke is that if these two men applied for graduate studies in economics today, they would be rejected on the basis of a lack of mathematical background. This is ironical in as much as their immortal masterworks, Wealth of Nationsand

Irvin K. Burbank

1988-01-01

150

Handbook of Econometrics  

Microsoft Academic Search

This chapter reviews recent advances in nonparametric and semiparametric estimation, with an emphasis on applicability to empirical research and on resolving issues that arise in implementation. It considers techniques for estimating densities, conditional mean functions, derivatives of functions and conditional quantiles in a flexible way that imposes minimal functional form assumptions. The chapter begins by illustrating how flexible modeling methods

Hidehiko Ichimura; Petra E. Todd

151

Hydrogen Production Econometric Studies.  

National Technical Information Service (NTIS)

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 qu...

J. R. Howell R. B. Bannerot

1975-01-01

152

CURRENT PROBLEMS IN ECONOMETRICS A PERSONAL VIEW: Address on the Occasion of the Investiture of Professor John Denis Sargan with the Degree of Doctor Honoris Causa of the University Carlos III, 2 February 1993  

Microsoft Academic Search

Forty-five years ago when I started to study econometrics seriously I was full of confidence that the application of mathematics and statistical methodology would soon lead to a better understanding of the economic system, and, ultimately, to better public and private policies. Now, with the world economy poised on the edge of a world slump and Eastern Europe and the

John Denis Sargan

2003-01-01

153

Is the way young people drive a reflection of the way their parents drive? An econometric study of the relation between parental risk and their children's risk.  

PubMed

This article aims to investigate parental influence on high-risk behavior by young people. Although research on the topic of perception of risk demonstrates that it is socially constructed, the role of the family in this construction has rarely been studied. Using a French national survey of more than 1,200 young drivers between the ages of 18 and 25, and their parents, we attempt to understand the transmission of risk within families. Our econometric study shows that parents influence both the practices and representations of their children. When parental norms and values are transmitted, they are by no means accepted in a wholly passive way. Indeed, the parental model is in competition with other models that originate from both inside the family (brothers and sisters) and outside it (instructors). Furthermore, parental influence decreases over time as young people become more experienced drivers and construct their own identity with regard to risk. PMID:18643820

Lahatte, Agénor; Le Pape, Marie-Clémence

2008-06-01

154

Assessing the impact on chronic disease of incorporating the societal cost of greenhouse gases into the price of food: an econometric and comparative risk assessment modelling study  

PubMed Central

Objectives To model the impact on chronic disease of a tax on UK food and drink that internalises the wider costs to society of greenhouse gas (GHG) emissions and to estimate the potential revenue. Design An econometric and comparative risk assessment modelling study. Setting The UK. Participants The UK adult population. Interventions Two tax scenarios are modelled: (A) a tax of £2.72/tonne carbon dioxide equivalents (tCO2e)/100?g product applied to all food and drink groups with above average GHG emissions. (B) As with scenario (A) but food groups with emissions below average are subsidised to create a tax neutral scenario. Outcome measures Primary outcomes are change in UK population mortality from chronic diseases following the implementation of each taxation strategy, the change in the UK GHG emissions and the predicted revenue. Secondary outcomes are the changes to the micronutrient composition of the UK diet. Results Scenario (A) results in 7770 (95% credible intervals 7150 to 8390) deaths averted and a reduction in GHG emissions of 18?683 (14?665to 22?889) ktCO2e/year. Estimated annual revenue is £2.02 (£1.98 to £2.06) billion. Scenario (B) results in 2685 (1966 to 3402) extra deaths and a reduction in GHG emissions of 15?228 (11?245to 19?492) ktCO2e/year. Conclusions Incorporating the societal cost of GHG into the price of foods could save 7770 lives in the UK each year, reduce food-related GHG emissions and generate substantial tax revenue. The revenue neutral scenario (B) demonstrates that sustainability and health goals are not always aligned. Future work should focus on investigating the health impact by population subgroup and on designing fiscal strategies to promote both sustainable and healthy diets.

Briggs, Adam D M; Kehlbacher, Ariane; Tiffin, Richard; Garnett, Tara; Rayner, Mike; Scarborough, Peter

2013-01-01

155

An econometric analysis of a regional power company and evaluation of its investment policies by using optimal control technique: The case of New York State Electric and Gas Corporation  

NASA Astrophysics Data System (ADS)

This study, in its first part, explores the basic parameters of a power market in a utility district. The analysis of this market, naturally, includes a demand and a supply side and the interactions between the two. The econometric model is built to simulate the system of operations of one specific utility company, namely NYSEG (New York State Electric & Gas Corporation), one of seven major Investor-Owned-Utility Companies in New York State. The company serves about 17,000 square miles, or more than one third of the state's land, and one tenth of its population. The study uses time-series data covering 1960 to 1994 for more than fifty variables. The econometric analysis performs both single equation and system estimations and yields short-run vs. long-run and direct vs. total elasticity estimates, which are crucial for any producer in the market place. In the second part of this research, an optimal control procedure is used to evaluate NYSEG's investment policies retrospectively. For control calculations, a simplified linear version of the system of equations is used. Due to its constrained nature (both by being linear and having low degrees of freedom), the optimal control component mainly serves as an educational tool in microeconomic modeling. Lastly, we performed Exploratory Data Analysis for the data we employed. This was done to justify the use of certain parametric test procedures performed in the process basically by checking whether the implicit assumptions of normality and the randomness hold.

Guney, Esat Serhat

1997-12-01

156

The Econometrics of Maritime Safety: \\  

Microsoft Academic Search

De maritieme industrie wordt gekarakteriseerd door een extensief juridisch kader gebaseerd op internationale wetten die beperkte wettelijke mogelijkheden voor handhaving bieden in geval van overtreding. Dit creëert mazen in de regelgeving en verstoring van de mededinging door het bestaan van een markt met substandaard schepen. Het gebrek aan vertrouwen in de industrie heeft een speelterrein gecreëerd voor inspecties van bepaalde

S. Knapp

2007-01-01

157

Google Econometrics and Unemployment Forecasting  

Microsoft Academic Search

The current economic crisis requires fast information to predict economic behavior early, which is difficult at times of structural changes. This paper suggests an innovative new method of using data on internet activity for that purpose. It demonstrates strong correlations between keyword searches and unemployment rates using monthly German data and exhibits a strong potential for the method used.

Nikolaos Askitas; Klaus F. Zimmermann

2009-01-01

158

Econometric Model of the World Rubber Economy.  

National Technical Information Service (NTIS)

Rubber began to emerge as an important raw material during the 19th century. Production of natural rubber is concentrated in a few developing countries. Three of them, Malaysia, Indonesia and Thailand, account for over 80 percent of world production; anot...

E. Grilli R. Helterline P. Pollak

1979-01-01

159

Econometric Model of the State of Idaho.  

National Technical Information Service (NTIS)

The rapidly increasing complexity of Idaho's social and economic environment has required the accurate forecasting of the impact of state policies on Idaho's economic well being. It is therefore natural to find among those responsible for state planning a...

D. W. Holley P. Lichtenstein

1977-01-01

160

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

161

An econometric analysis of nonsynchronous trading  

Microsoft Academic Search

We develop a stochastic model of nonsynchronous asset prices based on sampling with random censoring. In addition to generalizing existing models of non-trading, our framework allows the explicit calculation of the effects of infrequent trading on the time series properties of asset returns. These are empirically testable implications for the variances, autocorrelations, and cross-autocorrelations of returns to individual stocks as

Andrew W. Lo; A. Craig MacKinlay

1990-01-01

162

The Econometric Analysis of Transition Data  

Microsoft Academic Search

This book presents statistical methods for analysis of the duration of events. The primary focus is on models for single-spell data, events in which individual agents are observed for a single duration. Some attention is also given to multiple-spell data. The first part of the book covers model specification, including both structural and reduced form models and models with and

Tony Lancaster

1990-01-01

163

An econometric explanation of nuclear plant costs  

SciTech Connect

What are the standards by which the costs of nuclear plants should be judged. It is a fact that the costs of many of the units built today would seem to be costing ten times their original estimated cost. Is this prudent. Have the utilities acted with ''due care'', with ''prudence''. This is the question being asked by regulatory bodies in numerous forums today. This paper attempts to answer the question.

Babar, R.A.; Bushnell, R.C.; Pearsall, E.S.

1986-04-01

164

Annual Report of the Econometrics Center, 1985.  

National Technical Information Service (NTIS)

Research on social decision making theory and voting; public regulation and pricing; spatial planning of real estate markets; technological risks and crisis management; and private demands on public services is presented. (ERA citation 14:014867)

1986-01-01

165

Intermediate Statistics and Econometrics: A Comparative Approach  

Microsoft Academic Search

The standard introductory texts to mathematical statistics leave the Bayesian approach to be taught later in advanced topics courses -- giving students the impression that Bayesian statistics provide but a few techniques appropriate in only special circumstances. Nothing could be further from the truth, argues Dale Poirier, who has developed a course for teaching comparatively both the classical and the

Dale J. Poirier

1995-01-01

166

Econometric Measurement of the Effects of Regulation.  

National Technical Information Service (NTIS)

The report deals with alternative approaches to decision making under conditions of limited or inadequate information. A decision maker is faced with a choice among several alternative actions or solutions to a problem. The consequences of these choices a...

R. D. Gordon

1978-01-01

167

Manpower Projections to 1980. Econometric Study.  

ERIC Educational Resources Information Center

|The objective of this study was to develop an economic approach to the forecasting of allied health manpower in markets in the State of California. The health manpower categories considered included: (1) Medical technology, (2) occupational therapy, (3) dietetic and nutritional services, (4) physical therapy, (5) health administration, (6)…

Kubota, Gordon H.; Tsukahara, Theodore, Jr.

168

Econometric Modelling of the Russian Economy  

Microsoft Academic Search

The presented models of the Russian economy can be utilized for making short-term macroeconomic forecasts (1–2 quarters forward) as well as for scenario calculations. The models focus on the investigation of the dependence of Russian macroeconomic performance on the world oil prices, Russian external debt payments, and Russia's government social transfers. The models are built as a system of simultaneous

S. A. Aivazian; S. V. Borisova; E. A. Lakalin; V. L. Makarov

2003-01-01

169

An Econometric Model Of Postal Delivery  

Microsoft Academic Search

\\u000a The traditional economic justification for the state regulation of an industry is based upon its technological cost structure.\\u000a To put the matter simply, if a single firm can produce the industry’s output(s) more cheaply than two or more firms, then\\u000a duplicating the effort must necessarily be wasteful. In such cases, therefore, the state may wish to permit or even protect

Michael D. Bradley; Jeff Colvin

170

Climatic conditions and migration: An econometric inquiry  

Microsoft Academic Search

Among a burgeoning literature dealing with the economic and noneconomic determinants of migration, one area that has received relatively little attention is the relationship between climate and migration. In the few studies which include climate variables in models used to explain migration, the treatment accorded to climate as an explanatory variable has not been satisfactory. This paper attempts to fill

Stephen M. Renas; Rishi Kumar

1983-01-01

171

Spatial Econometric Modeling of Regional Convergence in Continuous Time  

Microsoft Academic Search

In this article, the authors use a continuous-time framework to model the potential convergence dynamics in a group of regions. They propose a model based on the classical Lotka-Volterra predator-prey system of two equations—a model originally proposed by Samuelson in 1971 to perform dynamic economic analysis—and extend the model to the case of more than two regions by introducing dependence

Giuseppe Arbia; Jean H. P. Paelinck

2003-01-01

172

Regional Convergence within the EU25: A Spatial Econometric Analysis  

Microsoft Academic Search

This study investigates absolute convergence within the EU-25 for the time period 1995-2002. It is shown that growth performance and convergence depend crucially on the development of a region's surrounding. The detected spatial autocorrelation is of substantive form indicating that least squares estimation of the absolute convergence model yields biased results. A yearly convergence rate of 0.7% to 0.9% is

Martin Feldkircher

173

An Econometric Model of Birth Inputs and Outputs  

Microsoft Academic Search

Abstract This study offers a simultaneous equations model of the birth process with seven endogenous variables: four birth inputs [ maternal smoking (S), maternal drinking (D), first trimester prenatal care (PC), and maternal weight gain (WG)], and three birth outputs [ gestational age (G), birth length (BL), and birth weight (BW)]. Our analysis conditions on twenty-four exogenous variables. The data

Kai Li; Dale J. Poirier

2000-01-01

174

An econometric model of birthinputs and outputs for Native Americans  

Microsoft Academic Search

This paper presents a new model of the birth process of Native Americans with seven en- dogenous variables: four birthinputs maternal smoking (S), drinking (D), prenatal care (PC), and weight gain (WG), and three birth outputs gestational age (G), birth length (BL), and birth weight (BW). The model is a seven-equation simultaneous model with three endogenous dummies S, D, and

Kai Li; Dale J. Poirier

175

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

176

Immigration and Trade Creation: Econometric Evidence from Canada  

Microsoft Academic Search

Immigrants may expand trade with their country of origin, owing to superior knowledge of, or preferential access to, market opportunities. The authors test this proposition using Canadian trade data with 136 partners from 1980 to 1992. In an augmented gravity equation, they find that a 10 percent increase in immigrants is associated with a 1 percent increase in Canadian exports

Keith Head; John Ries

1998-01-01

177

The World Market for Jute: An Econometric Analysis  

Microsoft Academic Search

This study is an empirical analysis of the international market for raw jute and jute manufactures. The object of the study is to build and estimate an annual simultaneous equation model of the world jute market for the post-Second World War years. The chief purpose of the model is to determine the most important dynamic aspects of this market and,

Mustafa Kamal Mujeri

1978-01-01

178

Outcome, Process and Power in Direct Democracy – New Econometric Results  

Microsoft Academic Search

Based on survey data for Switzerland, new empiricalfindings on direct democracy are presented. In thefirst part, the authors show that, on average, public employeesreceive lower financial compensation under more directdemocratic institutions. However, top bureaucrats aremore constrained in direct democracies and have to becompensated by higher wages for that loss of power.In the second part, they demonstrate that reportedsubjective well-being of

Bruno S. Frey; Marcel Kucher; Alois Stutzer

2001-01-01

179

Cost savings from nuclear regulatory reform: An econometric model  

SciTech Connect

The nuclear-generated power touted in the 1950s as someday being {open_quotes}too cheap to meter{close_quotes} got dismissed in the 1980s as incapable of being both safe and cost effective. Today, less than 20 percent of American`s electricity is nuclear-generated, no new plants are planned or on order, and some of the earliest units are scheduled for decommissioning within the next decade. Even so, interest in nuclear power has been revived by increasing energy demands, concerns about global warming, and the uncertainty surrounding oil resources in the Persian Gulf. As a long-term alternative to fossil fuels, atomic energy offers the important advantages of clean air and domestic availability of fuel. But these advantages will count for little unless and until the costs of nuclear power can be seen as reasonable. The authors premise is that the relevant costs are those of providing safe and environmentally clean electric energy. To the extent that increased costs have resulted from increasingly stringent regulations, they reflect the internalization of external costs. Indeed, the external costs of nuclear power (particularly safety and environmental protection) have been internalized to a greater degree than with most alternative fuel sources used by electric utilities. Nuclear construction costs are properly compared with those of alternative sources only after the latter are adjusted for environmental damage and endangerment, including, as examples, the costs of oil spills, of building double-hulled tankers, and of building off-shore offloading facilities. A shift to nuclear sources could reduce these costs whereas it would increase disposal costs for radioactive materials. The authors contend that a better understanding of nuclear plant construction costs is pivotal to a balanced evaluation of the merits of uranium relative to other fuel choices. 12 refs., 2 figs., 5 tabs.

Canterbery, E.R. [Florida State Univ., Tallahassee, FL (United States)]|[Ben Johnson Associates, Inc., Tallahassee, FL (United States); Johnson, B. [Ben Johnson Associates, Inc., Tallahassee, FL (United States); Reading, D. [Ben Johnson Associates, Inc., Boise, ID (United States)

1996-01-01

180

An Econometric Analysis of Global Waste Paper Recovery and Utilization  

Microsoft Academic Search

The main purpose of this paper is to provide aneconometric analysis of the most importantdeterminants of inter-country differences inwaste paper recovery and utilization rates. Byemploying pooled time series and cross-sectiondata over 49 countries worldwide and sevenyears, the paper concludes that relative wastepaper recovery and use depend largely onlong-standing economic factors such aspopulation intensity and competitiveness in theworld market for paper

Christer Berglund; Patrik Söderholm

2003-01-01

181

Applying econometrics to the carbon dioxide "control knob".  

PubMed

This paper tests various propositions underlying claims that observed global temperature change is mostly attributable to anthropogenic noncondensing greenhouse gases, and that although water vapour is recognized to be a dominant contributor to the overall greenhouse gas (GHG) effect, that effect is merely a "feedback" from rising temperatures initially resulting only from "non-condensing" GHGs and not at all from variations in preexisting naturally caused atmospheric water vapour (i.e., [H(2)O]). However, this paper shows that "initial radiative forcing" is not exclusively attributable to forcings from noncondensing GHG, both because atmospheric water vapour existed before there were any significant increases in GHG concentrations or temperatures and also because there is no evidence that such increases have produced measurably higher [H(2)O]. The paper distinguishes between forcing and feedback impacts of water vapour and contends that it is the primary forcing agent, at much more than 50% of the total GHG gas effect. That means that controlling atmospheric carbon dioxide is unlikely to be an effective "control knob" as claimed by Lacis et al. (2010). PMID:22629196

Curtin, Timothy

2012-05-03

182

An econometric analysis of the market for natural gas futures  

SciTech Connect

This research tests a form of the efficient markets hypothesis in the market for natural gas futures. Unlike other studies of future markets, the test for market efficiency is conducted at numerous locations which comprise the natural gas spot market in addition to the delivery location specified in the futures contract. Natural gas spot and futures prices are found to be nonstationary and accordingly are modeled using recently developed maximum likelihood cointegrated with nearly all of the spot market prices across the national network of gas pipelines. The hypothesis of market efficiency can be rejected in 3 of the 13 spot markets. 29 refs., 1 fig., 2 tabs.

Walls, W.D. [Univ. of Hong Kong (Hong Kong)

1995-12-31

183

Patterns in Residential Gas and Electricity Consumption: An Econometric Analysis  

Microsoft Academic Search

In this article, we investigate individual consumption data of natural gas and electricity using modified multiple regression techniques. Because a subset of households have zero gas consumption, the purpose of the study is to ask two empirical questions: 1. How can we quantify potential energy conservation from increasing gas availability? 2. Is it appropriate to estimate and compare electricity demands

Ray-Shine Lee; Nsrvikar Singh

1994-01-01

184

An econometric analysis of household political giving in the USA  

Microsoft Academic Search

Advocates of political contribution limitations contend that such contributions can transform economic and social inequalities into political inequalities. This article examines the extent to which traditional markers of social and economic power are associated with political giving. A Tobit analysis of 56 663 households participating in the Consumer Expenditure Survey from 1995 to 2005 indicates that political giving is positively

Russell N. James III

2009-01-01

185

An econometric approach to macroeconomic risk. A cross country study  

Microsoft Academic Search

A contribution to the study of volatility and country risk is made in order to achieve a successful crosscountry comparison. We present a methodology for the evaluation of country risk that include endogenous detection of multiple structural breaks (also identifying its different kinds), determination of persistence of shocks through their structural-break free fractional integration order and determination of the adjusted

Jorge Eduardo Carrera; Ana Paula Cusolito; Mariano Féliz; Demian Panigo

2001-01-01

186

Econometric analysis of forest conservation: the Finnish experience  

Microsoft Academic Search

This paper examines the dynamic effects of forest conservation measures. Both short-term and long-term impacts on timber markets are studied using a Finnish example. Forest conservation is interpreted as an exogenous negative shock in the standing timber growth owned by private forest owners, and its effects are retrieved through an impulse response analysis based on a dynamic demand supply and

Mikael Linden; Jussi Uusivuori

2002-01-01

187

Forecasting state retail sales: Econometric vs. time series models  

Microsoft Academic Search

The volume of retail sales is an important indicator of state economic activity and forms the base of the percentage sales tax. Accurate forecasting of the variable is of interest to fiscal authorities and private analysts as well. This paper compares the performance of two techniques in forecasting net taxable retail sales: the ARIMA time series model and a structural

James R. Schmidt

1979-01-01

188

Applying Econometrics to the Carbon Dioxide "Control Knob"  

PubMed Central

This paper tests various propositions underlying claims that observed global temperature change is mostly attributable to anthropogenic noncondensing greenhouse gases, and that although water vapour is recognized to be a dominant contributor to the overall greenhouse gas (GHG) effect, that effect is merely a “feedback” from rising temperatures initially resulting only from “non-condensing” GHGs and not at all from variations in preexisting naturally caused atmospheric water vapour (i.e., [H2O]). However, this paper shows that “initial radiative forcing” is not exclusively attributable to forcings from noncondensing GHG, both because atmospheric water vapour existed before there were any significant increases in GHG concentrations or temperatures and also because there is no evidence that such increases have produced measurably higher [H2O]. The paper distinguishes between forcing and feedback impacts of water vapour and contends that it is the primary forcing agent, at much more than 50% of the total GHG gas effect. That means that controlling atmospheric carbon dioxide is unlikely to be an effective “control knob” as claimed by Lacis et al. (2010).

Curtin, Timothy

2012-01-01

189

Econometric detection on the relationship between higher education and urbanization  

Microsoft Academic Search

The relationship between higher education and urbanization is analyzed by using correlation analysis, Granger test, cointergration analysis and Error Correction Model. The results show: Firstly, there is a two-way granger relationship between higher education and urbanization of Jiangxi province in China, in which the economic growth is very important for it to connect higher education with urbanization; Secondly, there is

Jinwen Chen; Xiaowen Zhuang

2010-01-01

190

On Methods and Purposes in Econometric Model Building.  

National Technical Information Service (NTIS)

The paper is concerned with the empirical foundations of the natural and social sciences, namely, the formulation and testing of theories based on logically objective analyses of empirical observations. In many instances, both in the experimental and non-...

C. Dagum

1967-01-01

191

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

192

The Econometric Analysis of Tomato Production with contracting in Turkey  

NASA Astrophysics Data System (ADS)

Turkey is the largest grower of processing tomatoes in the world after the US, Italy, China and Spain. Growing tomatoes for sauce is one of the two major uses of contract farming in Turkey and this activity involves arrangements between private sauce companies and farms. This practice is now wide spread since the 1970s, especially in the Marmara Region. Before the production season begins, sauce industry firms sign contracts with farms that guarantee the quality and quantity of their raw material and guarantee the growers sales at predetermined prices. In addition, plants served to farmers for more productivity by techniques such as drop irrigation and also their extension services and field demonstrations at this region. This research is based on interviews with 100 farms that growing tomatoes for sauce factories in Bursa province to determine relationships between plants and farms and factors affecting tomato cultivation land. At this research, farms were divided to two groups based on tomatoes cultivation land. It was found that plants had highly effective on tomatoes land by means of input and supports on finance to the farms with logarithmic models.

Gunes, Erdogan

193

EFFECTS OF ADVERTISING ON TOURISM DEMAND: AN ECONOMETRIC STUDY1  

Microsoft Academic Search

The objective of this study is to quantify the long-term effects of advertising on tourism demand. A single equation demand model is specified which includes advertising as an explanatory variable along with other economic determinants of demand, prices and incomes. Using the Phillip-Hanson procedure, long-run elasticities of demand for Australian tourism from its major markets (Japan, New Zealand, United Kingdom

Sarath Divisekera; Nada Kulendran

194

Do Youths Substitute Alcohol and Marijuana? Some Econometric Evidence  

Microsoft Academic Search

Data from the 1982 and 1989 Monitoring the Future Surveys are used to examine the substitutability of alcoholic beverages and marijuana among youths. Beer prices and minimum legal drinking ages are used as measures of the full price of alcohol, while an indicator of marijuana decriminalization and its money price capture the full price of marijuana. Results indicate that drinking

Frank J. Chaloupka; Adit Laixuthai

1994-01-01

195

Spatial Econometric Analysis of Carbon Consumption of Chinese Provinces  

Microsoft Academic Search

Learning from the experience of the C-D function form's double logarithm, and using five explanatory variables, the authors tentatively build models by themselves and introduce spatial effect into the introduction of the research about Chinese provincial low-carbon economy. First, according to Moran's index of coal consumption behavior we determine the existence of spatial autocorrelation, secondly, we determine the best choice

Fanglin Su; Bangying Song

2010-01-01

196

From the ‘econometrics of capital punishment’ to the ‘capital punishment’ of econometrics: on the use and abuse of sensitivity analysis  

Microsoft Academic Search

The academic debate over the deterrent effect of capital punishment has intensified again with a major policy outcome at stake. About two dozen empirical studies have recently emerged that explore the issue. Donohue and Wolfers (2005) claim to have examined the recent studies and shown the evidence not to be robust to specification changes. We argue that the narrow scope

Hashem Dezhbakhsh; Paul H. Rubin

2010-01-01

197

Regional Convergence in Italy 1951-199: A Spatial Econometric Perspective  

Microsoft Academic Search

Testing regional convergence hypothesis involves important data issues. In empirical circumstances the problem arises of finding the best data to test the theory and the best estimators for the associated modelling. In the literature usually little attention is given to the level of spatial aggregation used and to the treatment of the spatial dependence and spatial heterogeneity. In this paper,

Giuseppe Arbia; Roberto Basile; Mirella Salvatore

2002-01-01

198

Policy Reform, Economic Growth, and the Digital Divide:An Econometric Analysis  

Microsoft Academic Search

The digital divide reflects a gap in telecom access, not lower propensity to use the Internet in poor countries. Promoting access for poor households will help, but pro-competitive policy holds the key to rapid progress in narrowing the divide.Rapid growth of Internet use in high-income economies has raised the specter of a ?digital divide? that will marginalize developing countries because

David Wheeler; Susmita Dasgupta; Somik Lall

2001-01-01

199

Keeping Nuclear Programs From Becoming Nuclear Weapons: A Game Theoretic and Econometric Analysis  

Microsoft Academic Search

There are currently only nine countries which possess nuclear weapons, but twenty-four countries have pursued the requisite technology. The question remains as to why nations ceased their programs, and whether the policies of the international community had anything to do with that decision. This paper uses both a game theoretic and a probit model with limited assumptions to attempt to

Benjamin Guy Ogden

2011-01-01

200

An Econometric Analysis of the Birth Process by Racial\\/Ethnic Groups  

Microsoft Academic Search

This paper studies the birth process with seven endogenous variables: four birth inputs (maternal smoking (S), maternal drinking (D), first trimester prenatal care (PC), and maternal weight gain (WG)), and three birth outputs (ges- tational age (G), birth length (BL), and birth weight (BW)), and twenty-four ex- ogenous variables. The data are taken from the NLSY. Separate analyses are per-

KAI LI; DALE J. POIRIER

201

An econometric model of birth inputs and outputs for Native Americans  

Microsoft Academic Search

This paper presents a new model of the birth process of Native Americans with seven endogenous variables: four birth inputs maternal smoking (S), drinking (D), prenatal care (PC), and weight gain (WG), and three birth outputs gestational age (G), birth length (BL), and birth weight (BW). The model is a seven-equation simultaneous model with three endogenous dummies S, D, and

Kai Li; Dale J. Poirier

2003-01-01

202

Bayesian analysis of an econometric model of birth inputs and outputs  

Microsoft Academic Search

This study offers a simultaneous equations model of the birth process with seven endogenous variables: four birth inputs (maternal smoking, maternal drinking, first trimester prenatal care, and maternal weight gain) and three birth outputs (gestational age, birth length, and birth weight). The data are taken from the National Longitudinal Survey of Youth. Our analysis conditions on twenty-nine exogenous variables including

Kai Li; Dale J. Poirier

2003-01-01

203

An Econometric U.S. Business Cycle Model with Nominal and Real Rigidities  

Microsoft Academic Search

We estimate an optimization-based model with sticky prices alone (SP model) and one that combines nominal and real rigidities in the form of costly price and labor adjustments (NRR model) over the U.S. postwar time period. We then compare their ability to generate persistent, positive, responses of output, hours and real wages following a positive shock to money supply, and

Ali Dib; Louis Phaneuf

2001-01-01

204

An Econometric Forecasting Model of the United States. The MCL Macroeconomic Model.  

National Technical Information Service (NTIS)

The Mathematics and Computation Laboratory (MCL) Macroeconomic Model is designed to forecast the gross national product (GNP) and its components in the United States. Both static and dynamic simulations are conducted to test the model. The report provides...

T. T. Su

1979-01-01

205

Determining Transit’s Impact on Seoul Commercial Land Values: An Application of Spatial Econometrics  

Microsoft Academic Search

Literature regarding transit’s impact on land values reports mixed results concerning the economic benefits of accessibility to subway stations, specifically regarding commercial properties. After examining 731 commercial land values in Seoul, Korea, this study suggests a possible explanation for the mixed results: transit’s discrimination impact on land values by location in a built-up urban area. The regression coefficient for distance

Jin Kim; Ming Zhang

2005-01-01

206

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

207

An Econometric Evaluation of Producers’ Preferences for Mandatory Labeling of Genetically Modified Food Products  

Microsoft Academic Search

This study uses multivariate statistical procedures to assess producers’ preferences for mandatory labeling of genetically modified (GM) products. The analysis is based on a sample of 1,887 farm producers in ten Southern states of the U.S. who claimed to be “somewhat knowledgeable†about biotechnology. A logistic regression model was employed to isolate characteristics of producers assumed to influence their perceptions

Duncan M. Chembezi; Elicia L. Chaverest; Gerald Wheelock; Govind C. Sharma; Ellene Kebede; Fisseha Tegegne

2008-01-01

208

The cell phone effect on motor vehicle fatality rates: A Bayesian and classical econometric evaluation  

Microsoft Academic Search

This paper examines the potential effect of cell phones on motor vehicle fatality rates normalized for other driving related and socioeconomic factors. The model used is non-linear so as to address both life-taking and life-saving attributes of cell phones. The model is evaluated using classical methods along with Bayesian Extreme Bounds Analysis (EBA). The use of both classical and Bayesian

Richard Fowles; Peter D. Loeb; Wm. A. Clarke

2010-01-01

209

Econometric analysis on economies of scale: An application to rice and shrimp production in Thailand  

Microsoft Academic Search

Shrimp production in Thailand has historically been undertaken in the saline and brackish waters of coastal mangroves. In recent years rising demand and prices for shrimp and falling productivity of mangrove areas have motivated an expansion of shrimp production into the fresh-water margins of river estuaries that were previously used for rice cultivation. Generalised additive models, which offer a comprehensive

Thamrong Mekhora

1999-01-01

210

Exporting through technological capability: econometric evidence from India's pharmaceutical and electrical\\/electronics firms  

Microsoft Academic Search

Contrary to conventional wisdom based on the product cycle and technology gap models, this paper argues that the technology factor can prove to be a key determinant of manufactured exports from less-developed countries (LDCs). The technological advantages enjoyed by LDCs rest on a very different foundation, technological capability, rather than on major technological advancements or breakthroughs. This paper attempts to

Saradindu Bhaduri; Amit Ray

2004-01-01

211

Solicitation and Donation: An Econometric Evaluation of Alumni Generosity in Higher Education  

ERIC Educational Resources Information Center

|This paper evaluates the relationship between alumni solicitation and alumni donation within institutions of higher education. The issue of alumni giving is important for universities because the average cost of university tuition has increased dramatically over the past 20 years at an annual growth rate larger than the United States CPI (Harvard…

Gottfried, Michael A.; Johnson, Erica L.

2006-01-01

212

Consumers' responses to fuel-efficient vehicles: a critical review of econometric studies  

Microsoft Academic Search

In an effort to conserve fuel, Congress required that automobile manufacturers increase the average fuel efficiency of the vehicles which they sell. The extent to which this policy is successful in conserving fuel depends on how consumers respond to the more fuel-efficient vehicles. The present paper reviews previous economic research on automobile demand and examines what this research can tell

Kenneth Train

1979-01-01

213

The econometric assessment of losses caused by water pollution in Chongqing, southwest China  

Microsoft Academic Search

As an important industrial city, Chongqing has experienced rapid economic growth in recent years, but at the same time the\\u000a growth has been accompanied by serious pollution problems. Water quality monitoring shows that the waters of Chongqing are\\u000a widely polluted. In this paper, the human capital approach is applied to assessing the economic losses and damages caused\\u000a by water pollution

Yang Gang; Chen Gangcai; Chang Yongguan

2004-01-01

214

An equation by any other name is still the same: on spatial econometrics and spatial statistics  

Microsoft Academic Search

Statistics is a branch of mathematics concerned with the collection, quantification, analysis, interpretation, and presentation\\u000a of real-world data, and the use of probability theory to estimate population parameters with these data. Spatial statistics is a subset of statistics that is concerned with handling the special problems associated with geographically distributed\\u000a data, which include spatial point patterns, regional and lattice measurement

Daniel A. Griffith; Jean H. P. Paelinck

2007-01-01

215

DO MONEY AND INTEREST RATES MATTER FOR STOCK PRICES? AN ECONOMETRIC STUDY OF SINGAPORE AND USA  

Microsoft Academic Search

This paper examines the long-term as well as short-term equilibrium relationships between the major stock indices and selected macroeconomic variables (such as money supply and interest rate) of Singapore and the United States by employing the advanced time series analysis techniques that include cointegration, Johansen multivariate cointegrated system, fractional cointegration and Granger causality. The cointegration results based on data covering

WING-KEUNG WONG; HABIBULLAH KHAN; JUN DU

2006-01-01

216

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

217

Multi-Sectoral Econometric Modelling Part 1. Basic Structure and Data Base.  

National Technical Information Service (NTIS)

This study incorporates the worldwide energy demand, Japanese economic and industrial structures, electric power demand, local economy, ect. into this system as a part of developing medium term economical forecasting system to consistently analyze the abo...

T. Hattori N. Sakurai

1988-01-01

218

The Academic Labor Market for Ph.D. Economists: An Econometric Analysis.  

National Technical Information Service (NTIS)

The dissertation is divided into five chapters. Chapter 1 discusses the recent experience in the market. Chapter 2 considers other studies of economics and other disciplines to provide a context for the present study. The third chapter presents the result...

C. E. Scott

1979-01-01

219

Econometric analyses of national health expenditures: can positive economics help to answer normative questions?  

PubMed

The size of national health care expenditure is an important research and policy issue. This paper reviews theoretical and empirical analyses of an implied optimal size for a health sector. Various economic theories are explicitly or implicitly invoked, but none is fully satisfactory. Theory provides, at best, a loose justification for empirical specifications of health sector behaviour. Nevertheless, this has a large and growing empirical research industry. The complexity of the issues provides an excuse for reliance on empirical analyses using ad hoc models. The paper analyses aggregate time-series data, using the cointegration approach, on health, health care expenditures and national income. Only one national model met both statistical criteria and showed a significant relationship: between potential life years lost and health care expenditure in the UK. The case for any general relationships remains unproven. There is no objective scientific method to determine optimal health expenditure, nor should we expect one. However, positive analyses can help with normative questions. A better understanding of health expenditure determination would arise from better specification of the relationships, perhaps by analysis at a lower level of aggregation. PMID:8261033

McGuire, A; Parkin, D; Hughes, D; Gerard, K

1993-07-01

220

Econometric modeling of business Telecommunications demand using Retina and Finite Mixtues  

Microsoft Academic Search

In this paper we estimate the business telecommunications demands for local, intra-LATA and inter-LATA services, using US data from a Bill Harvesting R survey carried out during 1997. We model heterogeneity, which is present among firms due to a variety of different business telecommunication needs, by estimating normal heteroskedastic mixture regressions. The results show that a three-component mixture model fits

Massimiliano Marinucci; Teodosio Pérez-Amaral

2005-01-01

221

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

222

Sekiyu daitai energy keiryo bunseki chosa. (Econometric analysis of alternative energies for oil).  

National Technical Information Service (NTIS)

A survey/analysis was made of energy policies, global environmental policies, positioning of oil substitution energy, and the feasibilities of main countries. At the same time, energy flow models in the world were constructed, and through various simulati...

1995-01-01

223

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

224

Arc Mat, a Toolbox for Using ArcView Shape Files for Spatial Econometrics and Statistics  

Microsoft Academic Search

The ability to use statistical functionality for spatial modeling and analysis in conjunction with a mapping interface in the same environment has received a great deal of attention in the spatial analysis literature. We demonstrate the feasibility of extracting map polygon and database information from ESRI’s ArcView shape files for use in statistical software environments. Specifically, we show that information

James P. Lesage; R. Kelley Pace

2004-01-01

225

SPATIAL STATISTICS AND ECONOMETRICS FOR MODELS IN FISHERIES ECONOMICS. (R828012)  

EPA Science Inventory

The perspectives, information and conclusions conveyed in research project abstracts, progress reports, final reports, journal abstracts and journal publications convey the viewpoints of the principal investigator and may not represent the views and policies of ORD and EPA. Concl...

226

An econometric model integrating conservation measures in the residential demand for energy  

SciTech Connect

The contents of this book are: PART I: BACKGROUND. The Engineering Effect of Conservation. An Economic Analysis of the Effect of Conservation. A Glance at the State of the Art. Issues in the Quantification of Conservation Impact on the Residential Demand for Electricity. PART II: MODEL SPECIFICATION. The Incorporation of the Applicance Efficiency Variable. Incorporation of Thermal Integrity and Awareness Variables in the Model. Specification of Other Demand-Determining Variables. PART III: ESTIMATION. Problems of Estimation. Consistent Estimation. References.

Khazzoom, H.D.

1986-01-01

227

Econometrics of inventory holding and shortage costs: the case of refined gasoline  

SciTech Connect

This thesis estimates a model of a firm's optimal inventory and production behavior in order to investigate the link between the role of inventories in the business cycle and the microeconomic incentives for holding stocks of finished goods. The goal is to estimate a set of structural cost function parameters that can be used to infer the optimal cyclical response of inventories and production to shocks in demand. To avoid problems associated with the use of value based aggregate inventory data, an industry level physical unit data set for refined motor gasoline is examined. The Euler equations for a refiner's multiperiod decision problem are estimated using restrictions imposed by the rational expectations hypothesis. The model also embodies the fact that, in most periods, the level of shortages will be zero, and even when positive, the shortages are not directly observable in the data set. These two concerns lead us to use a generalized method of moments estimation technique on a functional form that resembles the formulation of a Tobit problem. The estimation results are disappointing; the model and data yield coefficient estimates incongruous with the cost function interpretations of the structural parameters. These is only some superficial evidence that production smoothing is significant and that marginal inventory shortage costs increase at a faster rate than do marginal holding costs.

Krane, S.D.

1985-01-01

228

An econometric model integrating conservation measures in the residential demand for electricity  

SciTech Connect

This book contains the following chapters: The Engineering Effect of Conservation; An Economic Analysis of the Effect of Conservation; A Glance at the State of the Art; Issues in the Quantification of Conservation Impact on the Residential Demand for Electricity; Incorporation of the Applicance Efficiency Variable; Incorporation of Thermal Integrity and Awareness Variables in the Model; Specification of Other Demand-Determining Variables; Problems of Estimation; Data and Operational Definitions of the Variables; IOLS Estimation Results; and Consistent Estimation.

Khazzoom, J.D.

1986-01-01

229

Cointegration, Error Correction, and the Econometric Analysis of Non-Stationary Data  

Microsoft Academic Search

This book provides a wide-ranging account of the literature on co-integration and the modelling of integrated processes (those which accumulate the effects of past shocks). Data series which display integrated behaviour are common in economics, although techniques appropriate to analysing such data are of recent origin and there are few existing expositions of the literature. This book focuses on the

Anindya Banerjee; Juan J. Dolado; John W. Galbraith; David Hendry

1993-01-01

230

Econometric models for count data with an application to the patents?R&Drelationship  

Microsoft Academic Search

This paper focuses on developing and adapting statistical models of counts (non-negative integers) in the context of panel data and using them to analyze the relationship between patents and R&D expenditures. The model used is an application and generalization of the Poisson distribution to allow for independent variables; persistent individual (fixed or random) effects, and \\

Jerry A. Hausman; Bronwyn H. Hall; Zvi Griliches

1984-01-01

231

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 ...

232

Nonparametric model validations for hidden Markov models with applications in financial econometrics.  

PubMed

We address the nonparametric model validation problem for hidden Markov models with partially observable variables and hidden states. We achieve this goal by constructing a nonparametric simultaneous confidence envelope for transition density function of the observable variables and checking whether the parametric density estimate is contained within such an envelope. Our specification test procedure is motivated by a functional connection between the transition density of the observable variables and the Markov transition kernel of the hidden states. Our approach is applicable for continuous time diffusion models, stochastic volatility models, nonlinear time series models, and models with market microstructure noise. PMID:21750601

Zhao, Zhibiao

2011-06-01

233

Price, environmental regulation, and fuel demand: Econometric estimates for Japanese manufacturing industries  

SciTech Connect

In this paper, we analyze interfuel substitution according to Japanese manufacturing sectors. We examine the impact of environmental regulations and technical changes on fuel choice, and the effects of price on fuel substitution, using pooled data on fuel consumption and purchase price for 58 regions in the period 1980-88. The empirical results, based on the estimation of translog unit fuel cost functions by sector, indicate that (1) substitution possibilities were found for most combinations of fuel types in every sector; and (2) environmental regulations and technical changes significantly impact fuel consumption for most sectors, but their effects on fuel demand differ both across sectors and fuel types. 19 refs., 1 fig., 2 tabs.

Matsukawa, Isamu [Central Research Institute, Tokyo (Japan); Fujii, Yoshifumi [Bunkyo Univ., Kanagawa (Japan); Madono, Seishi [Senshu Univ., Kanagawa (Japan)

1993-12-31

234

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

235

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

236

A micro-econometric analysis of the industrial demand for energy in NSW  

SciTech Connect

This paper analyzes an extensive data set consisting of observations on all manufacturing establishments in New South Wales, Australia over an eight-year period. The focus is on the determinants of the demands by manufacturing establishments for different fuels (namely coal, oil, gas and electricity) and, in particular, upon the responsiveness of the demands to changes in the prices of the various fuels, the wage rate, and the rental rate on capital. Particular attention is paid to the facts that (a) establishments have different patterns of fuel consumption and (b) gas and electricity have block-pricing structures. Estimates of own-price elasticities of demand for electricity, gas and oil are higher than appear in the literature. 28 refs., 3 figs., 7 tabs.

Woodland, A.D. (Univ. of Sydney (Australia))

1993-01-01

237

Network Externalities in Microcomputer Software: An Econometric Analysis of the Spreadsheet Market  

Microsoft Academic Search

Because of network externalities, the success of a software product may depend in part on stalled base and its conformance to industry standards. This research builds a hedonic model to determine the effects of network externalities, standards, intrinsic features and a time trend on microcomputer spreadsheet software prices. When data for a sample of products during the 1987--1992 time period

Erik Brynjolfsson; Chris F. Kemerer

1996-01-01

238

Does sending farmers back to school have an impact? a spatial econometric approach  

Microsoft Academic Search

The Farmer Field School (FFS) is an intensive training program providing farmers with science based knowledge and practices, including integrated pest management (IPM). Recently there has been intensive debate as to whether or not this kind of training has any significant impact. Most case studies argue that the impact, in terms of a farmer’s ability to reduce the use or

Satoshi Yamazaki; Budy P. Resosudarmo

2007-01-01

239

An econometric analysis of counterterrorism effectiveness: the impact on life and property losses  

Microsoft Academic Search

This paper investigates authorities’ relative counterterrorism effectiveness focusing on its behavior over time, its impact\\u000a on casualties and property losses. Using data on transnational terrorism from the ITERATE database (1973–2003) and discrete\\u000a choice models, relative counterterrorism effectiveness is evaluated controlling for a variety of terrorists’ and authorities’\\u000a effort attributes. The probability of a terrorist incident being stopped by the authorities

Konstantinos Drakos; Nicholas Giannakopoulos

2009-01-01

240

Statistical vs. economic significance in economics and econometrics: further comments on McCloskey and Ziliak  

Microsoft Academic Search

I comment on the controversy between McCloskey and Ziliak and Hoover and Siegler on statistical versus economic significance, in the March 2008 issue of the Journal of Economic Methodology. I argue that while McCloskey and Ziliak are right in emphasizing ‘real error’, i.e. non-sampling error that cannot be eliminated through specification testing, they fail to acknowledge those areas in economics,

Tom Engsted

2009-01-01

241

UN conventions, technology and retaliation in the fight against terrorism: An econometric evaluation  

Microsoft Academic Search

For rational terrorists, an increase in the cost of one mode of operation will induce substitutions into other modes. Co?operative international efforts to thwart terrorism are hampered by incentives on the part of governments to renege. Our findings are consistent with these observations: the use of metal detectors reduced skyjackings but increased other kinds of hostage taking incidents. International agreements

Walter Enders; Todd Sandier; Jon Cauley

1990-01-01

242

Consumer Preferences in the United States for Integrated Pest Management Produce: An Econometric Analysis  

Microsoft Academic Search

Food safety is one of the top issues for consumers, especially with regard to pesticide usage. The Integrated Pest Management (IPM) has been receiving immense response from the consumers and producers due to its cost effectiveness and reduced risk from pesticide usage. It is expected to take a significant place and influence the agricultural reforms and environmental policy issues in

Ramu Govindasamy; Venkata S Puduri

2008-01-01

243

What Determines Homeland Security Spending? An Econometric Analysis of the Homeland Security Grant Program  

Microsoft Academic Search

The distribution of State Homeland Security Grants has been characterized as pork barrel spending, where political considerations and not terrorism risk are determining the allocation each state receives. Using revealed preference analysis, we test this claim. From 2004 to 2006, measures of terrorism risk are found to be positive determinants of funding while measures of political influence and party affiliation

Tyler Prante; Alok K. Bohara

2008-01-01

244

Total Factor Productivity & Foreign direct investment in OECD countries - A Paneldata Econometric Analysis  

Microsoft Academic Search

The role of FDI inflows and outflows to host countries and from the source countries emerged in the 1980s as the major vehicle technology transfer that accelerated the globalization or international integration of 25 leading OECD economies over a period of 25 years (1983-2007). Although neoclassical and endogenous growth theories provide unequivocal support for FDI flows because they generate positive

Neil Dias Karunaratne

2012-01-01

245

A Spatial Econometric Model of Changes in Housing Price Indices Across U.S. Metropolitan Areas  

Microsoft Academic Search

Interregional migration is often thought to be a driver of home prices, especially when migrants from a region of high housing price appreciation use their newfound equity to purchase homes in lower priced regions. This paper empirically tests for this so called \\\\California Efiect\\

Drake Warren

246

Consumers and experts: an econometric analysis of the demand for water heaters  

Microsoft Academic Search

Consumers can accumulate product information on the basis of a combination of searching, product advertising and expert advice. Examples of experts who provide product information include doctors advising patients on treatments, motor mechanics diagnosing car problems and recommending repairs, accountants recommending investment strategies, and plumbers making recommendations on alternative water heaters. In each of these examples, the transactions involve the

Robert Bartels; Denzil G. Fiebig; Arthur van Soest

2006-01-01

247

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

248

Pricing industrial pollution in China : an econometric analysis of the levy system  

Microsoft Academic Search

The authors analyze China's experience with the water pollution levy, an emissions charge system that covers hundreds of thousands of factories. The levy experience has not been studied systematically, but anecdotal critiques have suggested that the system is arbitrarilyadministered and ineffective in controlling pollution. Enforcement is thought to vary widely, so that factories in different regions face different penalties for

Hua Wang; David Wheeler

1996-01-01

249

The Effects of Employee Involvement on Firm Performance: Evidence from an Econometric Case Study  

Microsoft Academic Search

Abstract We provide some of the most reliable evidence to date on the direct impact of employee involvement,through participatory arrangements,such as teams on business performance. The data we use are extraordinary --daily data for rejection, production and downtime rates for all operators in a single plant during a 35 month period, almost 53,000 observations. Our key findings are that: (i)

Derek C. Jones; Takao Kato

2003-01-01

250

Econometric Analysis of Rising Body Mass Index in the U.S.: 1996 versus 2002  

Microsoft Academic Search

Currently over 30% of American adults are obese, more than twice the percentage prevalent in 1980 (American Obesity Association). At the same time, almost 65% adult Americans are said to be overweight. Such high prevalence levels are a major public health concern. Both overweight and obesity are associated with increased health risk for chronic diseases such as heart disease, type

Bidisha Mandal; Wen S. Chern

2006-01-01

251

Impacts of oil price shock on carbon emissions in India: An econometric analysis  

SciTech Connect

Oil price shock has two interrelated impacts, GDP growth rate impact and energy impact, that induce a change in carbon emission level. This article seeks to find out, in the Indian context, whether the past oil shocks of the 1970s had any significant effect on carbon emission growth rate and then to simulate the impact on future GDP growth rate and carbon emissions if an oil price shock were to recur. Statistical diagnosis of the series confirms a structural break in the carbon emissions growth rate in 1975 following the 1973 oil shock. A Bayesian vector autoregressive model is developed with four variables: CO{sub 2} emission level, GDP, population, and oil price for the period 1970--1988. The carbon emissions and GDP for the period 1989--1995 are projected, given various simulated oil price scenarios. The oil price shock gives rise to a persistently high carbon emissions level with a time lag and an immediate negative impact on GDP that decreases within a short period.

Chattopadhyay, D.; Majumdar, S. [Indira Gandhi Inst. of Development Research, Bombay (India)

1996-09-01

252

An econometric analysis of SARS and Avian Flu on international tourist arrivals to Asia  

Microsoft Academic Search

This paper compares the impacts of SARS and human deaths arising from Avian Flu on international tourist arrivals to Asia. The effects of SARS and human deaths from Avian Flu are compared directly according to the number of human deaths. The nature of the short run and long run relationship is examined empirically by estimating a static line fixed effect

Michael Mcaleer; Biing-wen Huang; Hsiao-I. Kuo; Chi-chung Chen; Chia-lin Chang

2010-01-01

253

Residential broadband subscription demand: an econometric analysis of Australian choice experiment data  

Microsoft Academic Search

The recent roll-out of fibre-optic cable suggests that the willingness of households in passed communities to subscribe to networked services is an important issue. This paper studies the determination of the demand for network subscription. Through a discrete choice model the effect of installation and rental price on the likelihood of subscription is analysed. The logit regression is based on

Gary G Madden; Michael Simpson

1997-01-01

254

An Econometric Analysis of Advertising, Retail Availability, and Sales of a New Brand  

Microsoft Academic Search

This article is an exploratory study on the question: Does consumer advertising increase retail availability of a new product? Nerlove's procedure is used to estimate a dynamic model. Cross-section and time series data for one product class are pooled. The managerial implications of the model are discussed.

Leonard J. Parsons

1974-01-01

255

An Econometric Study of Public School Expenditure Variations Across States, 1951-1967.  

ERIC Educational Resources Information Center

|Nine sets of annual data on State school finances are used to test a theory of expenditure determination by public school districts. The results support implications of the theory regarding effects of personal income, State and federal aid, the relative price of education, the pupil/population ratio, and enrollment growth on per pupil spending. A…

Barro, Stephen M.

256

Econometric Analysis (I and II) of the Nurse-Patient Relationship.  

National Technical Information Service (NTIS)

Increased accessibility to health care and managing costs within a managed care environment is the operational goal of military and civilian health care reform. The goal of administrators and health care providers is to provide cost-effective, high-qualit...

M. A. Ray

1996-01-01

257

Optional Time-of-Use Prices for Electricity: Econometric Analysis of Surplus and Pareto Impacts  

Microsoft Academic Search

We estimate a model of time-of-use (TOU) consumption and choice among optional TOU tariffs in which the customer's choice among tariffs is based on its demand parameters, which vary in the population. We simulate the impact on consumption, consumer surplus, and profit of several optional TOU rates that were offered experimentally in northern California. The analysis suggests that, with one

Kenneth Train; Gil Mehrez

1994-01-01

258

An econometric analysis of the major determinants of nursing home costs in the United States  

Microsoft Academic Search

This study presents statistical cost function estimates based on data from the 1973-1974 National Nursing Home Survey. Using multiple regression techniques, multiplicative and additive models of both total cost and operating cost are presented. Findings from the analysis contribute to the growing literature on nursing home costs and provide added insight to a number of important topics. Economies to scale

Mark R. Meiners

1982-01-01

259

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

260

Household electricity end-use consumption: results from econometric and engineering models  

Microsoft Academic Search

Information about total electricity consumption is available for most households. However, the electricity consumption related to different end uses, e.g. space heating, lighting and services from household appliances are usually not metered. Metering data are costly to achieve, and in this paper we study two methods for end-use estimation, which can be applied on household data for appliance holdings, demographic

Bodil Merethe Larsen; Runa Nesbakken

2004-01-01

261

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

262

Power law distribution in high frequency financial data? An econometric analysis  

NASA Astrophysics Data System (ADS)

Power law distributions are very common in natural sciences. We analyze high frequency financial data from XETRA and the NYSE using maximum likelihood estimation and the Kolmogorov–Smirnov statistic to test whether the power law hypothesis holds also for these data. We find that the universality and scale invariance properties of the power law are violated. Furthermore, the returns of Daimler Chrysler and SAP traded simultaneously on both exchanges follow a power law at one exchange, but not at the other. These results raise some questions about the no-arbitrage condition. Finally, we find that an exponential function provides a better fit for the tails of the sample distributions than a power law function.

Todorova, Lora; Vogt, Bodo

2011-11-01

263

What is a Commodity? An Empirical Definition Using Time Series Econometrics  

Microsoft Academic Search

One of the core premises of food and agribusiness marketing is that for effective promotion to take place a product should not be a commodity. Concepts such as niché marketing, product differentiation and market segmentation are all based on the creation of products which are not characterized as commodities. Government assistance- commodity programs-are justified on the basis that marketing based

Daniel V. Gordon; Rögnvaldur Hannesson; William A. Kerr

1999-01-01

264

Market Structure and Econometric Modeling: A Case Study of the World Zinc Industry  

Microsoft Academic Search

Zinc, a non-ferrous metal, is consumed as an intermediate input in construction and a wide variety of manufacturing industries. Canada, Australia, Peru and Mexico together produce about 55 percent of the total output but absorb only about 8 percent of the total zinc consumed in the free market world. On the other hand, U.S.A., Japan and the E.E.C. countries together

Satyadev Gupta

1979-01-01

265

Econometric model of monthly peak load: case study for an electric utility system  

Microsoft Academic Search

A stock-adjustment model of peak load is developed which is macroeconometric and does not involve the problem of extensive data requirements. The model divides the process of electricity demand formation into: 1) the short-run characterized by variable utilization rates but fixed appliance stock, 2) the long-run adjustment featured by variable utilization and appliance stock adjustment, and 3) the long-run equilibrium

1984-01-01

266

MARKET STRUCTURE AND ECONOMETRIC MODELING: A CASE STUDY OF THE WORLD ZINC INDUSTRY  

Microsoft Academic Search

Zinc, a non-ferrous metal, is consumed as an intermediate input in construction and a wide variety of manufacturing industries. Canada, Australia, Peru and Mexico together produce about 55 percent of the total output but absorb only about 8 percent of the total zinc consumed in the free market world. On the other hand, U.S.A., Japan and the E.E.C. countries together

SATYADEV GUPTA

1980-01-01

267

The Browser War - Econometric Analysis of Markov Perfect Equilibrium in Markets with Network Effects1  

Microsoft Academic Search

When demands for heterogeneous goods in a concentrated market shift over time due to network effects, forward-looking firms consider the strategic impact of investment, pricing, and other conduct. A Markov perfect equilibrium model captures this strategic behavior, and permits the comparison of \\

Mark Jenkins; Paul Liu; Rosa L. Matzkin; Daniel L. McFadden

2004-01-01

268

The Dynamics of Welfare Fraud: An Econometric Duration Model in Discrete Time  

Microsoft Academic Search

An important source of errors in transfer payments programs is the fraudulent misreporting of earnings received by recipients. We propose a model of the recipient's decision to report income and the expected penalties if caught engaging in fraud. We discuss several features of the detection and penalty structures in the AFDC and Food Stamps programs and present estimates of a

Douglas Wolf; David Greenberg

1986-01-01

269

An Econometric and Demographic Analysis of San Diego. Volume I. History, Comparative Characteristics and Industrial Composition.  

National Technical Information Service (NTIS)

Three primary areas of investigation constitute the focus of this study of the San Diego region. The first is the identification of those important factors and local policy determining migration, local income, and labor market conditions. The second is th...

R. Emmerson R. Ramanathan W. Ramm

1974-01-01

270

Uneven two-sided power distributions with applications in econometric models  

Microsoft Academic Search

In this paper we propose and analyze a bounded density function with a jump discontinuity at a threshold. Its properties are presented and a maximum likelihood estimation (MLE) procedure for the threshold location and jump size is developed. The distribution seems be appropriate in the context of financial engineering, production analysis, standard auction models and the equilibrium job search problem.

Samuel Kotz; J. René van Dorp

2004-01-01

271

Econometric Methods for Fractional Response Variables with an Application to 401(K) Plan Participation Rates  

Microsoft Academic Search

We develop attractive functional forms and simple quasi-likelihood estimation methods for regression models with a fractional dependent variable. Compared with log-odds type procedures, there is no difficulty in recovering the regression function for the fractional variable, and there is no need to use ad hoc transformations to handle data at the extreme values of zero and one. We also offer

Leslie E. Papke; Jeffrey M. Wooldridge

1996-01-01

272

The Economics of Florida's FCOJ Imports and Exports: An Econometric Study.  

National Technical Information Service (NTIS)

The overall objective of the report is to provide a detailed empirical analysis of the economic effects of various pricing strategies for importing and exporting frozen concentrated orange juice to and from Florida.

R. W. Ward

1976-01-01

273

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

274

Econometric Modelling of UK Aggregate Investment: The Role of Profits and Uncertainty  

Microsoft Academic Search

This paper focuses on the determinants of aggregate investment spending in the UK for the industrial and commercial company (ICC) sector. It complements recent work by Cuthbertson and Gasparro (1995), who study an augmented Tobin's q model of investment in the manufacturing sector. Important focal points of our analysis are a role for real profits (internal funds), which allow firms

Alan Carruth; Andy Dickerson; Andrew Henley

1998-01-01

275

Credit Risks and European Government Bond Markets: A Panel Data Econometric Analysis  

Microsoft Academic Search

A fixed effects panel data estimation of the determinants of European government default risk is undertaken. Credit risk of sovereign debt is assessed by comparing yields on benchmark government bonds with high-quality private risk represented by interest rate swap yields. Using a new data-set from the European Commission (DG2's AMECO database), we find government default risk to depend positively on

Jan J. G. Lemmen; Charles A. E. Goodhart

1999-01-01

276

A Procedure for Predicting Recessions With Leading Indicators: Econometric Issues and Recent Experience  

Microsoft Academic Search

This paper examines the forecasting performance of various leading economic indicators and composite indexes since 1988. in particular during the onset of the 1990 recession. The primary focus is on an experimental recession index (tile \\

James H. Stock; Mark W. Watson

1992-01-01

277

Recent Advances in Structural Econometric Modeling: Dynamics, Product Positioning and Entry  

Microsoft Academic Search

In the empirical analysis of consumer markets, recent literature has begun to explore the dynamics in both consumer decisions\\u000a as well as in firms' marketing policies. Other research has begun to explore the strategic aspects of product line design\\u000a in a competitive environment. In both cases, structural models have given us new insights into consumer and firm behavior.\\u000a For example,

Jean-Pierre Dubé; K. Sudhir; Andrew Ching; Gregory S. Crawford; Michaela Draganska; Jeremy T. Fox; Wesley Hartmann; Günter J. Hitsch; V. Brian Viard; Miguel Villas-Boas; Naufel Vilcassim

2005-01-01

278

Industry, Foreign Trade and Development: Econometric Models of Africa, Asia and Latin America 1965-2003  

Microsoft Academic Search

We present the estimation of several equations which relate Imports, Exports, Industry and Non-Industrial Services in Northern Africa, India, China, Brazil, Mexico, Argentina and other countries. The models have into account supply and demand sides and the important relation between Industrial development and the other variables of the analysis. The main results support the important role of intermediate inputs on

Guisan M. C

2007-01-01

279

Relationship Between Trade Liberalisation, Economic Growth and Trade Balance: An Econometric Investigation  

Microsoft Academic Search

This is a study of 42 developing countries of Asia, Africa and Latin America in which we first examine the impact of trade liberalisation on economic growth, investment share of GDP, openness, trade balance and current accounts (as percentages of GDP). Both panel data and country by country data are used to measure the impact of liberalisation on domestic economic

Ashok Parikh; Corneliu Stirbu

2004-01-01

280

73 - Economic and Political Causes of Civil Wars in Africa: Some Econometric Results  

Microsoft Academic Search

In this paper, we investigated whether civil wars in Africa have economic and political causes. The model is based on the Collier-Hoeffler “greed†and “grievance†theory in which rebels will conduct a civil war for “loot-seeking†and “justiceseeking†reasons. Using logit models the propositions were tested empirically. In particular, six variables, GDP per capita growth rate in the preceding period,

Anyanwu John

2002-01-01

281

The sources of Real Exchange Fluctuations in Developing Countries : an Econometric Investigation  

Microsoft Academic Search

In this paper we address the two following questions: (1) what are the major sources of real exchange rate fluctuations in developing countries? (2) do economic policy makers have room to face possible real exchange rate fluctuations? To answer these questions, we estimate a structural VAR model for 3 developing countries (Morocco, The Philippines, Uruguay) and carry out the conventional

Imed Drine; Christophe Rault

2004-01-01

282

Determinants of a Digital Divide in Sub-Saharan Africa: A Spatial Econometric Analysis of Cell Phone Coverage.  

National Technical Information Service (NTIS)

Most discussions of the digital divide treat it as a North-South issue, but the conventional dichotomy doesnt apply to cell phones in Sub-Saharan Africa. Although almost all Sub-Saharan countries are poor by international standards, they exhibit great dis...

D. Wheeler P. Buys S. Dasgupta T. Thomas

2008-01-01

283

Do prices count? A micro-econometric study of illicit drug consumption based on self-reported data  

Microsoft Academic Search

Using a unique data set of almost 2,500 interviews with people attending a needle exchange service in Oslo, this paper sets out to estimate the impact of economic factors on heroin and amphetamine injectors’ drug consumption, including cross-price effects. To examine the robustness of the conclusions, four model versions are considered: with focus on (i) switching regression mechanisms treating dealing\\/non-dealing

Anne Line Bretteville-Jensen; Erik Biørn

2004-01-01

284

A reduction in public funding for fertility treatment - an econometric analysis of access to treatment and savings to government  

PubMed Central

Background Almost all assisted reproductive technology (ART) and intrauterine insemination (IUI) treatments performed in Australia are subsidized through the Australian Government’s universal insurance scheme, Medicare. In 2010 restrictions on the amount Medicare paid in benefits for these treatments were introduced, increasing patient out-of-pocket payments for fresh and frozen embryo ART cycles and IUI. The aim of this study was to evaluate the impact of the policy on access to treatment, savings in Medicare benefits and the number of ART conceived children not born. Methods Pooled quarterly cross-sectional Medicare data from 2007 and 2011 where used to construct a series of Ordinary Least Squares (OLS) regression models to evaluate the impact of the policy on access to treatment by women of different ages. Government savings in the 12?months after the policy was calculated as the difference between the predicted and observed Medicare benefits paid. Results After controlling for underlying time trends and unobserved factors the policy change reduced the number of fresh embryo cycles by almost 8600 cycles over 12?months (a 16% reduction in cycles, p?

2012-01-01

285

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

286

Nutrient-Dense Food Groups Have High Energy Costs: An Econometric Approach to Nutrient Profiling1,2  

Microsoft Academic Search

Consumers wishing to replace some of the foods in their diets with more nutrient-dense options need to be able to identify such foods on the basis of nutrient profiling. The present study used nutrient profiling to rank 7 major food groups and 25 subgroups in terms of their contribution to dietary energy, diet quality, and diet cost for 1332 adult

Matthieu Maillot; Nicole Darmon; Michel Darmon; Lionel Lafay; Adam Drewnowski

287

THE EURO SOVEREIGN DEBT CRISIS, DETERMINANTS OF DEFAULT PROBABILITIES AND IMPLIED RATINGS IN THE CDS MARKET: AN ECONOMETRIC ANALYSIS  

Microsoft Academic Search

In this paper, we investigate what has been leading investors to ask for higher yields on sovereign debt from certain Euro countries. We dismiss Granger Causality as a basis to define speculation. Instead, we assume that speculative behavior would only exist if market assessments were unrelated to economic fundamentals. Using a cross section of countries, we improve on the literature

Carlos Santos

2011-01-01

288

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

289

Generating science-based growth: an econometric analysis of the impact of organizational incentives on university–industry technology transfer  

Microsoft Academic Search

In recent years, there has been a rapid rise in commercial knowledge transfers from universities to practitioners or university\\/industry technology transfer (UITT), via licensing agreements, research joint ventures, and startups. In a previous study in 1999, the authors outlined a production function model to assess the relative efficiency of UITT and conducted field research to identify several organizational factors that

Albert N. Link; Donald S. Siegel

2005-01-01

290

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

291

Trade Liberalization and the Theory of Endogenous Protection: An Econometric Study of U.S. Import Policy  

Microsoft Academic Search

Trade theorists continue to puzzle over their surprisingly small estimates of the impact of trade liberalization o n imports. All explanations of the puzzle treat trade liberalization as a given but the level of trade protection is not exogenous. The theo ry of endogenous protection predicts that higher levels of import penetration will lead to greater protection. This paper finds

Daniel Trefler

1993-01-01

292

HOW JOINT IS JOINT FOREST PRODUCTION: AN ECONOMETRIC ANALYSIS OF TIMBER SUPPLY CONDITIONAL ON ENDOGENOUS AMENITY VALUES. (R828785)  

EPA Science Inventory

The perspectives, information and conclusions conveyed in research project abstracts, progress reports, final reports, journal abstracts and journal publications convey the viewpoints of the principal investigator and may not represent the views and policies of ORD and EPA. Concl...

293

An Econometric Evaluation of the Effects of the Canada-United States Automobile Agreement of the Canadian Automotive Manufacturing Industry  

Microsoft Academic Search

The purpose of ths paper is to present a set of estimates designed to measure the economic impact of the Agreement on the Canadian automotive manufacturing industry. This modest objective not only totally ignores the impact of the agreement on the United States industry, it also ignoresthe impact on the rest of the Canadian economy. In other words, this partial

D. A. Wilton

1972-01-01

294

Economic Geography with Spatial Econometrics: a 'Third Way' to Analyse Economic Development and 'Equilibrium', with Application to the EU Regions  

Microsoft Academic Search

The main item of agreement between the 'new' and 'old' economic geography is the role of increasing returns in regional economic development. This provides a focal point for the model of this paper, which aims to highlight the existence of a 'third way' somewhere between the analysis provided by these two competing modes of explanation.

B. Fingleton

1999-01-01

295

The Impact Of Socio-Demographic Factors And Political Perceptions On Consumer Attitudes Towards Genetically Modified Foods: An Econometric Investigation  

Microsoft Academic Search

This survey-based paper investigates the impact of socio-demographic factors, along with political perceptions, as expressed by attitudes towards globalization, on consumer attitudes towards GM foods, in Greece. Different aspects of consumer attitudes regarding GM foods are examined, such as general preference, banning, labeling, intention to purchase them at a sufficiently low price, the nutritional category of food product and the

Lina Antonopoulou; Christos T. Papadas; Antonis Targoutzidis

2009-01-01

296

Energy-related attitude\\/belief variables in conventional econometric equations: An empirical approach applied to residential energy consumption  

Microsoft Academic Search

This study analyzes a subsample of 523 households from the 1975 Lifestyles and Household Energy Use survey conducted for the Washington Center for Metropolitan Studies. The study explores the empirical relationship between a set of four (4) Energy-Related Attitude\\/Belief (ERAB) variables and household electricity and natural gas consumption and three (3) Energy-Related Discrete Choice (ERDC) variables. The ERAB variables were

1988-01-01

297

Was there a U.S. house price bubble? An econometric analysis using national and regional panel data  

Microsoft Academic Search

The purpose of this study is to examine the existence of a U.S. house price bubble. Specifically, we focus on the time series statistical relationship between real U.S. and regional house prices and a number of fundamental economic variables related to house prices using quarterly data from the first quarter of 1975 through the second-quarter of 2005, the approximate end

Steven P. Clark; T. Daniel Coggin

2011-01-01

298

A global view on port state control: econometric analysis of the differences across port state control regimes  

Microsoft Academic Search

This article is based on 183 819 port state control inspections from various port state control regimes for the time frame 1999 to 2004. Using binary logistic regression, we establish the differences of port state control inspections across several regimes, even though theory predicts there should be no significant differences in treatments of vessels. The results indicate that the differences

Sabine Knapp; Philip Hans Franses

2007-01-01

299

International Evidence of the Predictability of Prices of Securititised Real Estate Assets: Econometric Models versus Neural Networks  

Microsoft Academic Search

This paper examines the performance of various statistical models and commonly used financial indicators for forecasting securitised real estate index returns for five European countries: the UK, Belgium, The Netherlands, France and Italy. Within a VAR framework it is demonstrated that the gilt-equity yield ratio is in most cases a better predictor of securitised returns than the term structure or

Chris Brooks; Sotiris Tsolacos

2001-01-01

300

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

Microsoft Academic Search

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

Olle Hage; Patrik Soederholm

2008-01-01

301

Econometric Analysis on the Relationship Between Financial Development and Economic Growth in China Based on Var Model  

Microsoft Academic Search

Since the financial crisis, the issue of relationship between financial development and economic growth has been the focus of macroeconomic theory. Based on VAR model, the relationship between financial development and economic growth in China was studied using the method such as Grange causality test, impulse response, and variance decomposition. It is shown that economic growth and financial scale are

Wang Jian; Jin Hao; Shen Hongli

2010-01-01

302

Econometric testing of purchasing power parity in less developed countries: fixed and flexible exchange rate regime experiences  

Microsoft Academic Search

We investigate the Purchasing Power Parity (PPP) hypothesis for 16 Less Developed Countries (LDCs), from all over the world, during their fixed and flexible exchange rate experiences over the period 1957:01–1999:12. The main contribution of this article to the empirical literature on PPP is that our study is the first to consider PPP hypothesis on alternative exchange rate regimes for

Seher Nur Sulku

2010-01-01

303

Improving Wheat Productivity in Pakistan: Econometric Analysis Using Panel Data from Chaj in the Upper Indus Basin  

Microsoft Academic Search

Increasing water scarcity, degradation of land and water resources, continuing low agricultural productivity, and increasing populations are posing the largest ever challenges for development of agricultural economies in many developing countries including Pakistan. Using panel data from irrigated settings in Chaj sub-basin of the Indus basin in Pakistani Punjab, we attempt to: (a) analyze the causes of low productivity; (b)

Intizar Hussain; Muhammad Mudasser; Munir A. Hanjra; Upali Amrasinghe; David Molden

2004-01-01

304

A spatial-econometric perspective on regional labour market adjustment and social security benefit uptake in New Zealand  

Microsoft Academic Search

In many countries downward trends in official unemployment rates have often coincided with increases in hidden unemployment, particularly among low skilled older workers, who end up on long term social security benefits, such as the sickness or invalids benefit. International research has shown that there is an important regional dimension to this phenomenon. Particularly in peripheral regions, the types of

William Cochrane; Jacques Poot

305

Demographic behavior and the welfare state: econometric issues in the identification of the effects of tax and transfer programs.  

PubMed

It is difficult and risky to identify the effects of tax and transfer programs on demographic behavior. The primary concern of this article is to see if real exogenous variation in these programs' parameters exist to adequately evaluate the effects of the programs on behavior. A 1982 study examined the effect of the Aid to Families with Dependent Children (AFDC), a commonly used example of a US transfer program, on the probability that a female heads a household of children 18 years old with no adult male present. The dependent variable merged household, marital status, and fertility choice into 1 variable. The independent variables included leisure hours and income which also defined a woman's utility function. In this study, the parameters used to represent AFDC effects were not only identified by variation in the AFDC variables. 2 other studies attempting to examine AFDC's effects on demographic behavior (Hutchens [1979] and Ellwood and Bane [1985]) also failed to identify these effects. Ellwood and Bane appropriately concentrated on exogenous program variation (since benefits vary from state to state) and how it might be used in evaluating the effects of AFDC on behavior. They erroneously determined, however, that state variation should not be considered in their model. The studies reviewed in this article looked at AFDC, a program with significant intracountry parameter variation, yet these studies relied on potentially illegitimate sources of variation. Intracountry program variation is less likely to occur in Western Europe and therefore the problem of identifying effects of tax and transfer programs on demographic behavior is apt to be even more severe. Any further such studies should address these issues. PMID:12282851

Moffitt, R

1989-01-01

306

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

307

PREDICTING GDP GROWTH IN MALAYSIA USING KNOWLEDGE-BASED ECONOMY INDICATORS: A COMPARISON BETWEEN NEURAL NETWORK AND ECONOMETRIC APPROACHES  

Microsoft Academic Search

In recent years, neural network techniques have been increasingly used for a wide variety of applications where statistical methods had been traditionally employed. Neural network techniques, for example, have been applied to problems like chemical process control, seismic signals interpretation, machines diagnostic, target marketing, economic forecasting, financial modelling, market share prediction, stock market prediction, and risk management. In contrast, traditional

308

An econometric analysis of the demand for fast food across metropolitan areas with an emphasis on the role of availability  

Microsoft Academic Search

U.S. consumer expenditures on meals outside the home have been increasing for several decades. Between 1960 and 1994, the proportion of total food expenditures spent on food away from home increased from just over 26 percent to nearly 50 percent. Over much of this period, fast food has been the most rapidly growing segment of the food away from home

Mark David Jekanowski

1998-01-01

309

Assessing the impact of biodiversity on tourism flows: an econometric model for tourist behaviour with implications for conservation policy  

Microsoft Academic Search

This analysis provides an example of how biodiversity can be measured by means of different indicators, and how the latter can be used to assess the influence of the biodiversity profile of a region on the tourism flows towards it. Domestic Irish tourist flows have been chosen as a case study. Results show that most of the biodiversity and landscape

Maria L. Loureiro; Giulia Macagno; Paulo A. L. D. Nunes; Richard Tol

2012-01-01

310

Do Countries’ Endowments of Nonrenewable Energy Resources Matter For FDI Attraction? A Cross-country Econometric Analysis  

Microsoft Academic Search

The vast existing empirical literature on Foreign Direct Investment (FDI) puts forward an extensive list of determinants that may explain the investment of multinational firms in a particular location. However, only a small fraction of these studies concerns the importance of natural resources in attracting FDI. Despite their valuable scientific contribution, the few studies that deal with these two themes

Susana Assunção; Aurora A. C. Teixeira; Rosa Forte

2011-01-01

311

A joint flexible econometric model system of household residential location and vehicle fleet composition\\/usage choices  

Microsoft Academic Search

Modeling the interaction between the built environment and travel behavior is of much interest to transportation planning\\u000a professionals due to the desire to curb vehicular travel demand through modifications to built environment attributes. However,\\u000a such models need to take into account self-selection effects in residential location choice, wherein households choose to\\u000a reside in neighborhoods and built environments that are conducive

Naveen EluruChandra; Chandra R. Bhat; Ram M. Pendyala; Karthik C. Konduri

2010-01-01

312

Measuring Market Integration: A Model of Arbitrage with an Econometric Application to the Gold Standard, 1879-1913  

Microsoft Academic Search

A major question in the literature on the classical gold standard concerns the efficiency of international arbitrage. Most authors have examined efficiency by looking at the spread of the gold points, gold-point violations, the flow of gold in profitable or unprofitable directions, or by tests of various asset market criteria, including speculative efficiency and interest arbitrage. These studies have suffered

Gauri Prakash; Alan M. Taylor

1997-01-01

313

Statistical – Econometric Analysis of the Correlations between the Social Security Budget and the Main Macroeconomic Aggregates in Romania  

Microsoft Academic Search

This paper analyses the correlation between social security budget and the main macroeconomic indicators (like GDP, monthly average gross earnings, unemployment) in Romania during the period 2000 – 2009. Romania faces a more severe economic recession than originally anticipated. Although the implementation of anti-crisis program was able to lead to normalization of financial conditions, the contraction of economic activity is

Emilia ?I?AN; Cristina BOBOC; Simona GHI??; Daniela TODOSE

2011-01-01

314

Korea's Trade, Growth of Trade and the World Economy in Post-crisis ASEAN+3 Free Trade Agreement: An Econometric and Policy Analysis  

Microsoft Academic Search

The Korean economy had achieved economic 'miracles' in the past, but it currently faces many challenges, economically and politically (Tran Van Hoa, 2002), compounded by a global economic slowdown with hesitant recovery (IMF, 2004), terrorist attacks, regional wars, the SARS and avian flu outbreaks in Asia, and domestic and global uncertainty ahead. The paper introduces the extended gravity theory to

Tran Van Hoa

2004-01-01

315

Econometric analysis to evaluate the effect of community-based health insurance on reducing informal self-care in Burkina Faso  

PubMed Central

Objective This study examines the role of community-based health insurance (CBHI) in influencing health-seeking behaviour in Burkina Faso, West Africa. Community-based health insurance was introduced in Nouna district, Burkina Faso, in 2004 with the goal to improve access to contracted providers based at primary- and secondary-level facilities. The paper specifically examines the effect of CBHI enrolment on reducing the prevalence of seeking modern and traditional methods of self-treatment as the first choice in care among the insured population. Methods Three stages of analysis were adopted to measure this effect. First, propensity score matching was used to minimize the observed baseline differences between the insured and uninsured populations. Second, through matching the average treatment effect on the treated, the effect of insurance enrolment on health-seeking behaviour was estimated. Finally, multinomial logistic regression was applied to model demand for available health care options, including no treatment, traditional self-treatment, modern self-treatment, traditional healers and facility-based care. Results For the first choice in care sought, there was no significant difference in the prevalence of self-treatment among the insured and uninsured populations, reaching over 55% for each group. When comparing the alternative option of no treatment, CBHI played no significant role in reducing the demand for self-care (either traditional or modern) or utilization of traditional healers, while it did significantly increase consumption of facility-based care. The average treatment effect on the treated was insignificant for traditional self-care, modern self-care and traditional healer, but was significant with a positive effect for use of facility care. Discussion While CBHI does have a positive impact on facility care utilization, its effect on reducing the prevalence of self-care is limited. The policy recommendations for improving the CBHI scheme’s responsiveness to population health care demand should incorporate community-based initiatives that offer attractive and appropriate alternatives to self-care.

Robyn, Paul Jacob; Hill, Allan; Liu, Yuanli; Souares, Aurelia; Savadogo, Germain; Sie, Ali; Sauerborn, Rainer

2012-01-01

316

Global environment and factors affecting the salary of the CEO (chief executive officer) of a goods producing firm: an Econometric modeling approach using STATA  

Microsoft Academic Search

The flattening of the world thanks to the cluster of profound socio-economic and politico-cultural changes has created unprecedented challenges for organizational leadership and management. The fast evolving global world of ours where challenges have to be continually met requires timely decision taken by CEOs’ (Chief Executive Officers) who shape and give direction to world politics and economic order. In the

Zohaib Aziz; Ahsanuddin Muhammad; Ghulam Hussain

2010-01-01

317

Epidemiology meets econometrics: using time-series analysis to observe the impact of bed occupancy rates on the spread of multidrug-resistant bacteria.  

PubMed

Two multivariate time-series analyses were carried out to identify the impact of bed occupancy rates, turnover intervals and the average length of hospital stay on the spread of multidrug-resistant bacteria in a teaching hospital. Epidemiological data on the incidences of meticillin-resistant Staphylococcus aureus (MRSA) and extended-spectrum beta-lactamase (ESBL)-producing bacteria were collected. Time-series of bed occupancy rates, turnover intervals and the average length of stay were tested for inclusion in the models as independent variables. Incidence was defined as nosocomial cases per 1000 patient-days. This included all patients infected or colonised with MRSA/ESBL more than 48h after admission. Between January 2003 and July 2008, a mean incidence of 0.15 nosocomial MRSA cases was identified. ESBL was not included in the surveillance until January 2005. Between January 2005 and July 2008 the mean incidence of nosocomial ESBL was also 0.15 cases per 1000 patient-days. The two multivariate models demonstrate a temporal relationship between bed occupancy rates in general wards and the incidence of nosocomial MRSA and ESBL. Similarly, the temporal relationship between the monthly average length of stay in intensive care units (ICUs) and the incidence of nosocomial MRSA and ESBL was demonstrated. Overcrowding in general wards and long periods of ICU stay were identified as factors influencing the spread of multidrug-resistant bacteria in hospital settings. PMID:20599296

Kaier, K; Meyer, E; Dettenkofer, M; Frank, U

2010-10-01

318

Energy-related attitude\\/belief variables in conventional econometric equations: An empirical approach applied to residential energy consumption. Doctoral thesis  

Microsoft Academic Search

The study analyzes a subsample of 523 households from the 1975 Lifestyles and Household Energy Use Survey conducted for the Washington Center for Metropolitan Studies. The study explores the empirical relationship between a set of four Energy-Related Attitude\\/Belief (ERAB) variables, household electricity and natural gas consumption, and three Energy-Related Discrete Choice (ERDC) variables. Using principal components factor analysis, the ERAB

1988-01-01

319

Analisi econometrica delle preferenze dei consumatori: un sistema di spesa lineare applicato all'energia. (Econometrics analysis of consumer behaviour: a linear expenditure system applied to energy).  

National Technical Information Service (NTIS)

In economics literature the expenditure system specification is a well known subject. The problem is to define a coherent representation of consumer behaviour through functional forms easy to calculate. In this work it is used the Stone-Geary Linear Expen...

C. Giansanti V. Ferrari

1996-01-01

320

Transit Accessibility to Jobs and Employment Prospects of Welfare Recipients Without Cars: A Study of Broward County, Florida, Using Geographic Information Systems and an Econometric Model  

Microsoft Academic Search

On August 22, 1996, President William Clinton signed the Personal Responsibility and Work Opportunity Reconciliation Act. This legislation, widely known as the welfare reform act, transformed welfare from a long-term support program into one with a primary objective of moving people off the welfare rolls into gainful employment in the shortest possible time. The passage of this act renewed a

Bhuiyan Monwar Alam

2009-01-01

321

An Examination of the Rate of Wage Change in Durable and NonDurable Goods Industries for Canada: A Quarterly Econometric Model  

Microsoft Academic Search

This thesis examines the rates of change of the average money wage rates for the Canadian durable and non-durable goods industries. The paper begins with a model which is used to derive a wage change equation.\\u000aThe hypothesis to be tested is that the same factors affect wage changes differently in the durable and non-durable goods industries. To undertake the

Lawrence Richard Truesdell

1972-01-01

322

Toward a Rational Educational Policy. An Econometric Analysis of Ontario, Canada, 1950-65 with Tests 1966-68 and Projections 1969-75.  

ERIC Educational Resources Information Center

This report describes some models the author developed to investigate the simultaneous interaction of decisionmakers in a province-wide educational system and to help formulate educational policy for achieving specified enrollments and expenditures. In chapter one, the author describes the models that examine the process of simultaneous…

Handa, M. L.

323

The Social Impact of Social Funds in Jamaica: A 'Participatory Econometric' Analysis of Targeting, Collective Action, and Participation in Community-Driven Development  

Microsoft Academic Search

Qualitative data from a case study of the Jamaica social investment fund reveal that the social fund process is elite-driven and decision-making tends to be dominated by a small group of motivated individuals. However, there is broad-based satisfaction with the outcome. Quantitative data from 500 households mirror these findings by showing that, ex-ante, the social fund does not address the

Vijayendra Rao; Ana Maria Ibanez

2005-01-01

324

'N EKONOMETRIESE ONTLEDING VAN DIE AANBOD VAN KORING IN SUID-AFRIKA: 'n STREEKSBENADERING \\/ An econometric analysis of the supply of wheat in South Africa: A regional approach  

Microsoft Academic Search

The quantity of wheat supplied in the RSA and the different production regions are significantly influenced by a variety of factors, including time, climate, wheat prices, prices of production substitutes such as maize, mutton, wool and sorghum, and input costs. By using multiple regression techniques the effects of these factors on the area under wheat and the production of wheat

H. G. Niebuhr; J. van Zyl

1990-01-01

325

Forecasted Electric Energy Consumption and Peak Demands for Maryland.  

National Technical Information Service (NTIS)

This report presents the results of an econometric forecast of electric energy consumption in Maryland through 2015. Summer and winter peak demand projections through 2015 are also presented. Separate econometric models were developed for residential, com...

D. Chen M. Lee S. Estomin

2006-01-01

326

Navy Enlistment Supply Model at the Recruiting Station Level.  

National Technical Information Service (NTIS)

Past econometric studies have sought insight into the factors that affect military enlistment supply by creating models based on econometric theory and testing them with data in order to confirm their proposed theoretical relationships. The purpose of thi...

C. M. McRoberts

2008-01-01

327

The Stochastic Formulation of a Modified Cobweb Model.  

National Technical Information Service (NTIS)

Much of the economic analysis done today employs either econometric models or autoprojective methods on series of data. This paper examines the connection between these two methods, and demonstrates how formulating an econometric model as a stochastic pro...

B. D. Nussbaum N. D. Singpurwalla

1977-01-01

328

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

Code of Federal Regulations, 2013 CFR

...econometric 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...

2013-07-01

329

Comparison of Frontier Efficiency Methods: An Application to the U.S. Life Insurance Industry  

Microsoft Academic Search

The objective of this paper is to provide new information on the performance of efficiency estimation methods by applying a wide range of econometric and mathematical programming techniques to a sample of U.S. life insurers. Average efficiencies differ significantly across methods. The efficiency rankings are well-preserved among the econometric methods; but the rankings are less consistent between the econometric and

J. David Cummins; Hongmin Zi

1998-01-01

330

Ragnar Frisch on scientific economics  

Microsoft Academic Search

Ragnar Frisch promoted rather than specific theories a more scientific economics and gave many methodological contributions toward this aim. He is known for having coined the term econometrics as well a co-founder of the Econometric Society and the first editor of Econometrica. The original connotation he gave to the term econometrics can be rendered as scientific economics. Despite Frisch's many

Olav Bjerkholt

2008-01-01

331

How confident can we be of CGE-based assessments of Free Trade Agreements?  

Microsoft Academic Search

Computable General Equilibrium models, widely used for the analysis of Free Trade Agreements, are often criticized for having poor econometric foundations. This paper improves the linkage between econometric estimates of key parameters and their usage in CGE analysis in order to better evaluate the likely outcome of a Free Trade Area of the Americas (FTAA). Our econometric work focuses on

Thomas Hertel; David Hummels; Maros Ivanic; Roman Keeney

2007-01-01

332

Economic incentives and poaching of the one-horned Indian rhinoceros in Nepal Poaching of the One-horned Indian Rhinoceros in the Chitwan Valley, Nepal - A Retrospective Econometric Analysis  

Microsoft Academic Search

Despite a relatively successful conservation programme for the endangered one-horned rhinoc- eros in the National Parks of the Terai region, poaching remains one of the major threats to its survival in Nepal. In recent years, there has been an alarming rise in the number of rhinos poached; over 100 rhinos were taken in and around the Royal Chitwan National Park

M. Poudyal

2005-01-01

333

Economic Issues on Nanotechnology: An International Comparison and Results From Economic And Econometric Analysis - Questioni economiche sulle nanotecnologie: un confronto internazionale e risultati da una analisi economica ed econometrica  

Microsoft Academic Search

The aim of this paper is to survey the current inventive activities in nanotechnology (NT) based on the analysis of patent application to the European Patent Office. The current status of NT around the world, the increase in NT patent over the last 10 years will be discussed together with a critical analysis on the effect on NT on work,

Amedeo Amato; Virginia Dagostino

2011-01-01

334

Three essays in health economics: 1. An equilibrium model of waiting lists for medical care. 2. An evaluation of alternative econometric specifications for estimating a tobacco budget share equation. 3. The determinants of expenditures on tobacco in Canada  

Microsoft Academic Search

This thesis consists of three essays on health economics. Chapter 1 is an introduction. Chapter 2 studies waiting lists for medical care, and Chapters 3 and 4 study the demand for tobacco products. The main contribution of Chapter 2 is a game-theoretic model of waiting times for medical care that provides new insights into how health care waiting times and

Michael G. Farnworth

2000-01-01

335

Three essays in health economics: 1. An equilibrium model of waiting lists for medical care. 2. An evaluation of alternative econometric specifications for estimating a tobacco budget share equation. 3. The determinants of expenditures on tobacco in Canada  

Microsoft Academic Search

This thesis consists of three essays on health economics. Chapter 1 is an introduction. Chapter 2 studies waiting lists for medical care, and Chapters 3 and 4 study the demand for tobacco products. ^ The main contribution of Chapter 2 is a game-theoretic model of waiting times for medical care that provides new insights into how health care waiting times

Michael George Farnworth

2000-01-01

336

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

337

Research at HUT 1994.  

National Technical Information Service (NTIS)

Contents: Social Sciences (Legal sciences (general), Economics, econometrics, economic theory, economic systems, economic policy, Sociology, Psychology, Pedagogics and didactics); Exact Sciences (Mathematics, Physics, Chemistry, Biochemistry, metabolism, ...

I. Pasanen-Tuomainen E. Moerttinen A. Lappalainen

1995-01-01

338

An evaluation of the REMI model for the South Coast Air Quality Management District  

Microsoft Academic Search

This paper reports an evaluation of the econometric model developed by Regional Econometric Models Inc. for the South Coast Air Quality Management District. The analysis is focused on the in-sample performance, forecasting ability, and characteristics in impact analysis of the model. The trade-offs implicit in the performance of this model relate directly to questions of explanatory power. In particular, the

S Cassing; F Giarratani

1992-01-01

339

Dynamic spatial modelling of regional convergence processes  

Microsoft Academic Search

Econometric analysis of convergence processes across countries or regions usually refers to a transition period between an arbitrary chosen starting year and a fictitious steady state. Panel unit root tests and panel cointegration techniques have proved to belong to powerful econometric tools if the conditions are met. When referring to economically defined regions, though, it is rather an exception than

Reinhold Kosfeld; Jorgen Lauridsen

2004-01-01

340

Spatial Dependence and Regional Convergence in Brazil  

Microsoft Academic Search

The majority of the studies on regional convergence ignore the spatial characteristics of the problem. In a recent paper Rey and Montouri (1999) considered the issue of income regional convergence on US under the spatial econometric perspective. The present paper follows the Rey and Montouri's (1999) approach and introduces some spatial econometric techniques for convergence among Brazilian states. State data

André Magalhães; Geoffrey J. D. Hewings; Carlos R. Azzoni

341

MANAGEMENT STRATEGIES TO MITIGATE ENVIRONMENTAL IMPACT OF WEATHER UNCERTAINTY IN EFFLUENT APPLICATION TO IRRIGATED CORN IN SEMIARID REGIONS  

Microsoft Academic Search

This study compares subsurface drip irrigation and sprinkler irrigation with respect to expected returns, aquifer life, nutrient utilization and accumulation in the production of irrigated corn using swine effluent and fresh groundwater from a depleting aquifer in the Oklahoma Panhandle. Most of the equations estimated econometrically had heteroskedasticity problems and MLE was used. The econometric estimation of a PDF of

Michael A. Kizer; Arthur L. Stoecker; Rita I. Carreira; Jeffory A. Hattey

2004-01-01

342

Comments Selected Papers Session Factors Affecting Demand for Food Items  

Microsoft Academic Search

The papers presented in this session consist of a series of econometric analyses of food purchase behavior. Table 1 provides a comparison in terms of data used, time period encompassed, econometric procedures and dependent variables of each model. The types of data used in these cover the breadth of the available today for conducting applied demand analysis. The Green and

Brian W. Gould

343

The Health Services Use Among Older Canadians in Rural and Urban Areas  

Microsoft Academic Search

Even though universal health care is one of the fundamental pillars of Canadian society, the rising cost of all services has resulted in the relocation and redistribution of funding and services between rural and urban areas. While most econometric analyses of health service use in Canada include broad controls by province and rural\\/urban status, there has been relatively little econometric

Heather Conde; James Ted McDonald

2007-01-01

344

Empirical best linear unbiased prediction in misspecified and improved panel data models with an application to gasoline demand  

Microsoft Academic Search

Misspecifications in econometric models can result in misestimated coefficients. An improved method for specifying econometric models is presented. The mean square error of an empirical best linear unbiased predictor of an individual drawing for the dependent variable of an improved model is derived. These ideas are illustrated using certain misspecified and improved models of the demand for gasoline in the

P. A. V. B. Swamy; Wisam Yaghi; Jatinder S. Mehta; I-lok Chang

2007-01-01

345

The effect of the abolition of capital punishment upon homicides in Great Britain:an application of intervention analysis  

Microsoft Academic Search

In this paper we examine the effect of the abolition of capital punishment on the homicide rate in Great Britain. Previous studies have used econometric techniques to determine whether the death penalty exerts a significant deterrent effect. However, econometric studies have been severely criticized for failing to provide robust results. The method of investigation used in this paper is that

D. F. Deadman; D. J. Pyle

1993-01-01

346

Acerca de la viabilidad de la investigación empírica macroeconométrica en la América Latina  

Microsoft Academic Search

The following represent questions which illustrate the underlying motivation and contents of this essay. What precautions we, as professional economists, need to take whenever we engage in (or interpret) econometric research dealing with aggregate behavior in Latin American countries? How confident can policiymarkers be when using econometric studies concerned with behavioral equations and\\/or macroeconomic models of Latin American economies? Which

Hugo Mena Keymer

1994-01-01

347

The economic benefits of publicly funded basic research: a critical review  

Microsoft Academic Search

This article critically reviews the literature on the economic benefits of publicly funded basic research. In that literature, three main methodological approaches have been adopted — econometric studies, surveys and case studies. Econometric studies are subject to certain methodological limitations but they suggest that the economic benefits are very substantial. These studies have also highlighted the importance of spillovers and

Ammon J. Salter; Ben R. Martin

2001-01-01

348

Superstars in the National Basketball Association: Economic Value and Policy  

Microsoft Academic Search

An econometric analysis demonstrates that television ratings for NBA games are substantially higher when certain players ('superstars') are involved. Thus, these superstars are quite important for generating revenue, not only for their own teams but for other teams as well. Using the econometric analysis and additional information on attendance and paraphernalia sales, the authors estimate the value of Michael Jordan

Jerry A. Hausman; Gregory K. Leonard

1997-01-01

349

Measuring Local Aggregate House Prices  

Microsoft Academic Search

This study evaluates the ability of a range of popular aggregate house price indexes to predict house prices out-of-sample at the transaction level for a small geographic area. The analysis particularly addresses the utility of spatial econometric methods. The results suggest that spatial econometric methods, which more explicitly consider the spatial aspects of observed house prices, provide better predictive accuracy

Todd H. Kuethe

2011-01-01

350

SPATIAL HEDONIC MODELS OF AIRPORT NOISE, PROXIMITY, AND HOUSING PRICES &ast  

Microsoft Academic Search

ABSTRACT.?Despite the refrain that housing prices are determined by “location, location, and location,” few studies of airport noise and housing prices have incorporated spatial econometric techniques. We compare various spatial econometric models and estimation methods in a hedonic price framework to examine the impact of noise on 2003 housing prices near the Atlanta airport. Spatial effects are best captured by

Jeffrey P. Cohen; Cletus C. Coughlin

2008-01-01

351

Long range forecast of power demands on the Baltimore Gas and Electric Company system. Volume 1  

Microsoft Academic Search

The report presents the results of an econometric forecast of peak and electric power demands for the Baltimore Gas and Electric Company (BGandE) through the year 2003. The report describes the methodology, the results of the econometric estimations and associated summary statistics, the forecast assumptions, and the calculated forecasts of energy usage and peak demand. Separate models were estimated for

S. L. Estomin; M. I. Kahal

1985-01-01

352

Balance of Payments Constrained Growth and Developing Countries: An examination of Thirlwall's hypothesis  

Microsoft Academic Search

Thirlwall's hypothesis of balance of payments constrained growth has been widely tested for developed countries, but much less for developing countries. Further, previous tests have used dated estimates derived using non-robust econometric techniques. After discussing the conditions under which Thirlwall's hypothesis would be valid and the econometric issues involved, this study reports error correction estimates of import and export demand

Jonathan Perraton

2003-01-01

353

Reference manual of data sources for load forecasting. Final report  

Microsoft Academic Search

The quality and availability of data for use in electricity load forecast models are examined. The data sources available for more than 100 variables used in these forecast models are documented, and the quality of the data is evaluated. Also, a description of aggregate econometric and disaggregate econometric or end-use models is presented. Forecasting issues, such as methods of incorporating

L. Andrews; C. McDonald

1981-01-01

354

Carbon Mitigation Costs for the Commercial Sector: Discrete-Continuous Choice Analysis of Multifuel Energy Demand  

Microsoft Academic Search

We estimate a carbon mitigation cost curve for the U.S. commercial sector based on econometric estimation of the responsiveness of fuel demand and equipment choices to energy price changes. The model econometrically estimates fuel demand conditional on fuel choice, which is characterized by a multinomial logit model. Separate estimation of end uses (e.g., heating, cooking) using the 1995 Commercial Buildings

William Pizer; Richard Newell

2005-01-01

355

Wagner's Law and public expenditure in Iraq: a test using disaggregated data  

Microsoft Academic Search

Recent developments in time series analysis have encouraged economists to re-examine the validity of Wagner's Law. Recent econometric tests have shown mixed results with some upholding the hypothesis while others contradict it. Carrying out econometric work with aggregated data could account for this. This study using disaggregated data measured in both real and nominal terms also leads to contradictory results.

A. A. Asseery; D. Law; N. Perdikis

1999-01-01

356

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

357

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

358

Do Residential Water Demand Side Management Policies Measure Up? An Analysis of Eight California Water Agencies  

Microsoft Academic Search

To assess the potential of price and alternative demand side management (DSM) policies as an urban water resource management tool, an econometric model of residential demand is formulated and estimated. This econometric model incorporates alternative DSM policy instruments (such as water allocations, use restrictions, public education) and increasing block pricing schedules. The analysis relies on cross-sectional monthly time-series data for

Mary E. Renwick; Richard D. Green

2000-01-01

359

Automatic Generation of Fortran Programs for Algebraic Simulation Models.  

National Technical Information Service (NTIS)

This report documents a generator program by which econometric simulation models formulated in an application-orientated language can be transformed automatically into a Fortran program. Thus the model designer is able to build up, test and modify models ...

W. Schopf G. Rexer R. Ruehle

1978-01-01

360

Multinomial Logit: A Limited Dependent Variable Technique.  

National Technical Information Service (NTIS)

Many econometric analyses include dependent variables which are constrained to the interval between zero and one. Under such circumstances simple regression procedures break down. The simple logit model is extended to the multi-factor case. Two alternativ...

M. LeBlanc

1980-01-01

361

Sleep Inertia Project: Progress Report ver. 1.1-alpha.  

National Technical Information Service (NTIS)

The aim of the report is to show novel methods in functional neuro- imaging of sleep inertia stages with emphasis on novel time-frequency preprocessing methods and models of effective connectivity evaluated by dynamic causal modeling and econometric model...

A. L. Ralescu L. Signal T. Rutkowski

2009-01-01

362

Corn and Wheat Markets in South Africa.  

National Technical Information Service (NTIS)

Corn is the major crop in the agriculture of the Republic of South Africa, and wheat plays an important role in the country's diet. Using appropriate economic information and econometric models, the factors affecting production and consumption of these tw...

S. Shapouri

1983-01-01

363

Forecasted Electric Energy Consumption and Peak Demands for Maryland.  

National Technical Information Service (NTIS)

This report presents the results of an economic forecast of electric energy consumption in Maryland through 2010. Summer and winter peak demand projections through 2010 are also presented. Separate econometric models were developed for residential, commer...

S. Estomin E. Nicholson M. Lee

2003-01-01

364

Analysis of the World Cocoa Market.  

National Technical Information Service (NTIS)

The paper reports the results from a new world cocoa model constructed to project consumption, output and price over the next decade. The projections are based on econometric analysis of cocoa demand and production in major consuming and producing countri...

T. Akiyama R. C. Duncan

1982-01-01

365

Que es la Innovacion Tecnologica (What is Technological Innovation).  

National Technical Information Service (NTIS)

This document has a theoretic approach, and there are few concrete references to the Spanish reality. Technical innovation is studied in light of the classical approach, neoclassical theory, marxist theory, Schumpeter's contribution, current econometrics,...

M. A. Diez-Rodriguez

1982-01-01

366

From the help desk: Some bootstrapping techniques  

Microsoft Academic Search

Bootstrapping techniques have become increasingly popular in applied econometrics and other areas. This article presents several methods and shows how to implement them using Stata's bootstrap command. Copyright 2004 by StataCorp LP.

Brian P. Poi

2004-01-01

367

Dynamic Models of the Industrial Demand for Energy.  

National Technical Information Service (NTIS)

Econometric approaches to modeling the demand for electricity, petroleum, coal, and natural gas by the manufacturing sector of the U.S. economy are investigated. Important aspects of the research are incorporation of dynamic effects as well as an introduc...

E. R. Berndt M. A. Fuss L. Waverman

1977-01-01

368

Structure of Rice Technology, Farmer Rationality, and Agricultural Policy in Egypt.  

National Technical Information Service (NTIS)

The paper investigates the structure of Egyptian rice technology in the East Delta region of Egypt and uses findings from the empirical analysis to make preliminary policy inferences. A homothetic translog cost function was econometrically estimated, usin...

J. M. Antle A. S. Aitah

1982-01-01

369

Comparative Advantage in U.S. Interstate Forest Products Trade  

Treesearch

The model predicts better the net exports of lumber and wood products (SIC 24) than ... However, given the variation in hardwood and softwood growing stock among ... competitiveness, econometrics, market, United States, forest resources.

370

Energy and Agriculture in the Haitian Economy: A Computable General Equilibrium Model.  

National Technical Information Service (NTIS)

This report documents a computable general equilibrium (CGE) model of the economy of Haiti, emphasizing energy use in agriculture. CGE models compare favorably with econometric models for developing countries in terms of their ability to take advantage of...

D. W. Jones M. T. C. Wu S. Das S. M. Cohn

1988-01-01

371

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

Code of Federal Regulations, 2010 CFR

...2009-07-01 false Documentation of demand elasticities and volume forecasts. 3050.26...3050.26 Documentation of demand elasticities and volume forecasts. By January...provide econometric estimates of demand elasticity for all postal products accompanied...

2009-07-01

372

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

Code of Federal Regulations, 2010 CFR

...2010-07-01 false Documentation of demand elasticities and volume forecasts. 3050.26...3050.26 Documentation of demand elasticities and volume forecasts. By January...provide econometric estimates of demand elasticity for all postal products accompanied...

2010-07-01

373

Simulation of the System, Energy, Environment, and Economy. Economic Model of Baden--Wuerttemberg. Part 2.  

National Technical Information Service (NTIS)

The energy consumption of industry and private households in a country is closely linked with the amount and development of the GNP and income available. Instead of extrapolations, a dynamic econometric model was developed based on the Keynesian theory an...

G. Ruehle

1977-01-01

374

Simulation of the System, Energy, Environment, and Economy. Economic Model of Baden--Wuerttemberg. Part 1.  

National Technical Information Service (NTIS)

The energy consumption of industry and private households in a country is closely linked with the amount and development of the GNP and the available income. Instead of extrapolations, a dynamic econometric model was developed based on the Keynesian theor...

G. Ruehle

1977-01-01

375

Scale Mixture Models with Applications to Bayesian Inference  

NASA Astrophysics Data System (ADS)

Scale mixtures of uniform distributions are used to model non-normal data in time series and econometrics in a Bayesian framework. Heteroscedastic and skewed data models are also tackled using scale mixture of uniform distributions.

Qin, Zhaohui S.; Damien, Paul; Walker, Stephen

2003-11-01

376

77 FR 16894 - Financial Research Advisory Committee  

Federal Register 2010, 2011, 2012, 2013

...experts in the fields of economics, financial institutions and markets, statistical analysis, financial markets analysis, econometrics, applied sciences, risk management, data, information standards, technology, or other areas related to OFR's...

2012-03-22

377

Economic Factors Influencing Land Use Changes in the South-Central United States.  

National Technical Information Service (NTIS)

Econometric models of land use change were estimated for two physiographic regions in the South-Central United States. Results are consistent with the economic hierarchy of land use, with population and personal income being significant explanatory variab...

R. J. Alig F. C. White B. C. Murray

1988-01-01

378

Regional Short-Term Energy Model (RSTEM) Overview  

EIA Publications

The Regional Short-Term Energy Model (RSTEM) utilizes estimated econometric relationships for demand, inventories and prices to forecast energy market outcomes across key sectors and selected regions throughout the United States.

Information Center

2009-04-16

379

The Impact of U.S. Tax Laws on the Labor Supply of Married Women.  

National Technical Information Service (NTIS)

This study presented econometric evidence on the effects of taxes on married women. A testable model of labor supply was developed which permitted statistical estimation of a 'coefficient of tax perception.' The results of the study strongly suggest that ...

H. S. Rosen

1974-01-01

380

The Effect of Music Piracy on CDs Purchases  

Microsoft Academic Search

This study attempts to measure the effect of music piracy on CDs purchases in Thailand by employing simultaneous tobit model. The econometric result shows that the pirated music individual consumed substitutes the original CDs individual purchased. However, this variable is * ??????????????????????? ?????????????????????????????? ?????????????????????

Siwat Auampradit

2008-01-01

381

Unions and Labor Market Segmentation.  

National Technical Information Service (NTIS)

This report studies the relationship among unionism, labor market segmentation and dual labor markets. To determine whether unions help lead to primary or protected markets, an inter-industry econometric study a case study of the San Francisco longshoreme...

L. M. Kahn

1975-01-01

382

Conditional Likelihood Models for Heterogeneity in Longitudinal (Panel) Data.  

National Technical Information Service (NTIS)

The report develops econometric models for heterogeneity in panel data. The conditional likelihood approach, which requires few and unrestrictive assumptions about the distribution of unobservables in the population, is used. The techniques are applied to...

N. M. Kiefer

1980-01-01

383

Estimating the ROI for Recruitment Marketing and Advertising Expenditure for the Australian Defence Force.  

National Technical Information Service (NTIS)

This thesis analyzes the influence of advertising expenditure for ADF recruitment using data covering the period from June 2008 to December 2011. Econometric analysis was used to analyze the effect of media advertising on ADF enquiries, applications and e...

C. D. Kitchin

2012-01-01

384

Outlook for Thermal Coal.  

National Technical Information Service (NTIS)

The paper uses an econometric simulation model of world energy markets to project the competitive supply, demand, and prices for thermal coal as a part of overall energy balance projections. Under the assumptions of moderate economic growth in the market-...

B. J. Choe

1985-01-01

385

Consumer Learning, Switching Costs, and Heterogeneity: A Structural Examination. Economic Analysis Group.  

National Technical Information Service (NTIS)

The author formulates an econometric model of consumer learning and experimentation about new products in markets for packaged goods that nests alternative sources of dynamics. The model is estimated on household level scanner data of laundry detergent pu...

M. Osborne

2007-01-01

386

Recruiting Effects of Army Advertising.  

National Technical Information Service (NTIS)

This report analyzes the effects of Army advertising on recruiting. It uses an econometric analysis of information describing advertising patterns for the three-year period from 1981 to 1984. A model that controls for economic conditions, local area chara...

A. Bamezai J. M. Polich J. N. Dertouzos T. Chesnutt

1989-01-01

387

Long-range forecast of power demands on the Baltimore Gas and Electric Company system. Volume 2. Documentation manual  

SciTech Connect

Detailed documentation for the econometric forecast of peak and electric power demands for the Baltimore Gas and Electric Company is presented. It includes all the historical data used to estimate the various models and the FORTRAN code used for the computer programs employed in generating the forecasts. Computer files containing data and instructions for the statistical package used to estimate the econometric equations are also included.

Estomin, S.L.; Schauer, M.

1985-09-01

388

An analysis of oil and gas supply modeling techniques and a survey of offshore supply models  

SciTech Connect

This report surveys the literature on empirical oil and gas supply modeling techniques. These techniques are categorized as either geologic/engineering, econometric, or hybrid - the last being a combination of geologic and econometric techniques. The geologic/ engineering models are further disaggregated into play analysis models and discovery process models. The strengths and weaknesses of each of the models are discussed. The report concludes with a discussion of how these techniques have been applied to offshore oil and gas supply.

Walls, M.A.

1990-01-01

389

Toward a North American Security Perimeter? Assessing the Trade and FDI Impacts of Liberalizing 9\\/11 Security Measures  

Microsoft Academic Search

This paper examines, for the first time, the trade and FDI impacts of a North American Security Perimeter that would liberalize the post 9\\/11 security measures at the Canada-US border. First, the study estimates econometrically the impact of post 9\\/11 security measures on bilateral (US-Canada) trade flows using a gravity model. Second, using these econometric estimates together with a three-region

Patrick Georges; Marcel Mérette; Qi Zhang

2012-01-01

390

Localised knowledge spillovers vs. innovative milieux: Knowledge “tacitness” reconsidered  

Microsoft Academic Search

.   This article provides a critical discussion of the recent econometric literature on “localised knowledge spillovers” and\\u000a the related notion of tacit knowledge. The basic claim of the article is that the increasing, and more or less automatic reliance\\u000a of industrial geographers upon such econometric evidence and theoretical concepts to support their work on industrial districts,\\u000a hi-tech agglomerations and, more

Stefano Breschi; Francesco Lissoni

2001-01-01

391

Carbon mitigation costs for the commercial building sector: Discrete–continuous choice analysis of multifuel energy demand  

Microsoft Academic Search

We estimate a carbon mitigation cost curve for the U.S. commercial sector based on econometric estimation of the responsiveness of fuel demand and equipment choices to energy price changes. The model econometrically estimates fuel demand conditional on fuel choice, which is characterized by a multinomial logit model. Separate estimation of end uses (e.g., heating, cooking) using the U.S. Commercial Buildings

Richard G. Newell; William A. Pizer

2008-01-01

392

A Macroeconometric Analysis of the Incidence and Economic Effects of the Corporation Income Tax in Canada  

Microsoft Academic Search

Even though the short-period shifting of the corporate income tax has been the subject of numerous econometric studies, the issue still remains controversial. The question of whether or not corporate profits taxes are shifted is important because of its implications for the distribution of income, the allocation of resources, and economic growth.\\u000aA fundamental problem with the existing econometric studies

Reza Ghaeli

1982-01-01

393

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

394
395

State energy modeling. Volume 1: An analysis of state energy modeling  

NASA Astrophysics Data System (ADS)

An inventory and analysis of state energy models were made. The inventory identified 69 models developed or used at the state government level. Most of these deal with energy demand and area mix as regards the sectors modeled and the fuel types included. Nearly all of these are econometric or econometric engineering end use models. Fewer models deal with energy supply, and several address both supply and demand. The most common types of models are econometric, engineering and use, linear programming, and input-output. Purposes of models include: forecasting; policy analysis; impact analysis; and scenario analysis. Uses include short term emergency management, long term strategic assessment, and specific applications in decisions on facility siting, utility capacity expansion and rate increases proposed legislation, and analysis of federal policy.

Melcher, A. G.

1981-05-01

396

Forecasted electric power demands for the Baltimore Gas and Electric Company. Volume 1 and Volume 2. Documentation manual  

SciTech Connect

The two-volume report presents the results of an econometric forecast of peak load and electric power demand for the Baltimore Gas and Electric Company (BG E) through the year 2009. Separate energy sales models were estimated for residential sales in Baltimore City, residential sales in the BG E service area excluding Baltimore City, commercial sales, industrial sales, streetlighting sales, and Company use plus losses. Econometric equations were also estimated for electric space heating and air conditioning saturation in Baltimore City and in the remainder of the BG E service territory. In addition to the energy sales models and the electric space conditioning saturation models, econometric models of summer and winter peak demand on the BG E system were estimated.

Estomin, S.L.; Beach, J.E.; Goldsmith, J.V.

1991-05-01

397

Modeling the structure of CV formation and expectations  

Microsoft Academic Search

Abstract 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 the prime retail real estate sector, through system dynamics modeling, econometric analysis , and

Kim Hin Ho

398

Energy modeling. Volume 2: Inventory and details of state energy models  

NASA Astrophysics Data System (ADS)

An inventory of energy models developed by or for state governments is presented, and certain models are discussed in depth. These models address a variety of purposes such as: supply or demand of energy or of certain types of energy; emergency management of energy; and energy economics. Ten models are described. The purpose, use, and history of the model is discussed, and information is given on the outputs, inputs, and mathematical structure of the model. The models include five models dealing with energy demand, one of which is econometric and four of which are econometric-engineering end-use models.

Melcher, A. G.; Underwood, R. G.; Weber, J. C.; Gist, R. L.; Holman, R. P.; Donald, D. W.

1981-05-01

399

Tax reform and air conditioners  

SciTech Connect

The impact of the Tax Reform Act on the consumption of electric power may be a larger concern than its impact on capital investment. Utilities which overbuilt on the basis of increasing demand projections from econometric models of the 1960s and 1970s will not be inclined to build new plants on the basis of current projections. Engineering (end-use) models would be more useful than econometric models because they predict short-term capacity requirements. As personal tax rates drop, more individuals may invest in inexpensive air conditioning units. This could create seasonal spikes in demand that utility capacity may not be able to serve.

Spiewak, S.

1986-09-01

401

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

402

The Effect of Education on Economic Growth in Greece over the 1960-2000 Period  

ERIC Educational Resources Information Center

|This paper examines the impact of education on economic growth in Greece over the period 1960-2000 by applying the model introduced by Mankiw, Romer, and Weil. The findings of the empirical analysis reveal that education had a positive and statistically significant effect on economic growth in Greece over the period 1960-2000. The econometric

Tsamadias, Constantinos; Prontzas, Panagiotis

2012-01-01

403

Macro-micro factors affecting real estate demand analysis  

Microsoft Academic Search

Real estate demand is an important factor to affect the real estate balanced and healthy development, an accurate analysis of the macro factors and the real estate demand relationship could give the government, land agents and house purchasers more effective services. In this paper, it uses factor analysis, system dynamics feedback diagram and multiple regression methods of econometrics. By use

Wan Li-jun; Zhang Yan; Wang Guang-xue

2009-01-01

404

Simulating Hong Kong’s Office Leasing Market via System Dynamics Modeling  

Microsoft Academic Search

This study introduces a combined method, on the basis of both system dynamics and econometric modeling, in forecasting the office rental values in Hong Kong. The findings suggest that the office rental values in Hong Kong appear to be more fluctuating when the price level of the office ownership market is comparatively volatile, likely due to the over-reaction of economic

Eddie Chi Man Hui; Ka Hung Yu

2006-01-01

405

Study on volatility model for real estate demand  

Microsoft Academic Search

Real estate demand is an important factor to affect the real estate balanced and healthy development, an accurate analysis of the macro factors and the real estate demand relationship could give the government, land agents and house purchasers more effective services. In this paper, it uses factor analysis, system dynamics feedback diagram and multiple regression methods of econometrics. By use

Li-jun Wan; Zhao Chen-guang; Wang Rui

2010-01-01

406

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

407

THE ILLUSION OF STABILITY-LOW INFLATION IN A BUBBLE ECONOMY  

Microsoft Academic Search

Econometric studies show that changes in real house prices are strongly autocorrelated in the UK, giving rise to prolonged departures from equilibrium. What happens when arbitrage is 'broken' and house prices no longer reflect future fundamentals? Adding a bubble to capture the disequilibrium behaviour picked up by econometricians, we show that a narrow focus on consumer price inflation-while neglecting house

MARCUS MILLER; ISHITA MOHANTY; LEI ZHANG

2009-01-01

408

Climate change impacts on the thermal performance of Portuguese buildings. Results of the SIAM study  

Microsoft Academic Search

Results of the ” rst studies speci” cally dedicated to the impact of climate change on the thermal behaviour of buildings in Portugal are discussed within this paper. A top-down econometric\\/statistical analysis was attempted in order to correlate ‘ uctuations of temperature and energy consumption in the residential and services sectors, but the results were not conclusive. A bottom-up numerical

R Aguiar; M Oliveira

2002-01-01

409

Forces driving the growth of the restaurant industry in the USA  

Microsoft Academic Search

Purpose – The primary purpose of this study is to identify the drivers of the annual growth for publicly traded restaurant firms in the USA. Design\\/methodology\\/approach – Built on previous research, the study constructs an econometric model to systematically investigate growth drivers of the restaurant industry using data from publicly traded restaurant firms in the USA. Findings – Annual changes

Nan Hua; Amanda Templeton

2010-01-01

410

Motivating shoppers to expand purchases during daylight-saving time  

Microsoft Academic Search

Purpose – This paper aims to get an understanding of the determinants of unscheduled store visits during daylight-saving time so that retail service providers may be able to encourage shoppers to expand their purchases during their sporadic store visits. Design\\/methodology\\/approach – From the survey data, two econometric models were constructed, which predicted frequencies and times of shoppers' unscheduled grocery purchases.

Mario Miranda

2011-01-01

411

Public use of an economic data base system. (Abstract Only)  

Microsoft Academic Search

The subject of this paper is the design of an economic data base system for public use, taking as a case study the Kentucky Economic Information System. This system offers its users facilities ranging from simple data retrieval and display to the capability to construct, maintain, and use econometric models online. It was designed originally to be user friendly to

Charles G. Renfro

1981-01-01

412

Alternative Approaches to Analyzing Economic Data  

Microsoft Academic Search

This paper compares two approaches to the analysis of economic data: the exclusively econometric approach recommended by Hendry and Ericsson and the more eclectic approach that we employed in our books MONETARY HISTORY and MONETARY TRENDS. It concludes that the article by Hendry and Ericsson is mislabeled. Their article is not in any relevant sense an evaluation of our \\

Milton Friedman; Anna J Schwartz

1991-01-01

413

The 65 MPH speed limit and the demand for gasoline. ; A case study for the state of Washington  

Microsoft Academic Search

This article estimates the impact on the derived demand for gasoline in Washington state due to an increase in the speed limit from 55 miles per hour to 65 miles per hour. A short-run econometric model links consumer theory to shifts in behavior that have occurred since the speed limit was increased in May 1987. Results indicate that, between May

J. A. Lesser; J. A. Weber

1989-01-01

414

Learning-Testing Process in Classroom: An Empirical Simulation Model  

ERIC Educational Resources Information Center

|This paper presents an empirical micro-simulation model of the teaching and the testing process in the classroom (Programs and sample data are available--the actual names of pupils have been hidden). It is a non-econometric micro-simulation model describing informational behaviors of the pupils, based on the observation of the pupils'…

Buda, Rodolphe

2009-01-01

415

Inference When a Nuisance Parameter Is Not Identified under the Null Hypothesis  

Microsoft Academic Search

The authors study the asymptotic distribution of econometric tests involving nuisance parameters that are not identified under the null hypotheses. In general, the asymptotic distributions depend upon a large number of unknown parameters. The authors show that a transformation based upon a conditional probability measure yields an asymptotic distribution free of nuisance parameters and they show that this transformation can

Bruce E Hansen

1996-01-01

416

Do pharmaceuticals displace local knowledge and use of medicinal plants? Estimates from a cross-sectional study in a rural indigenous community, Mexico  

Microsoft Academic Search

Researchers examining the relationships between traditional medicine and biomedicine have observed two conflicting tendencies. Some suggest that the use of biomedicine and biomedical concepts displaces the use of traditional medicine and medical beliefs. Other scholars have found that traditional medicine and biomedicine can co-exist, complement, and blend with each other.In this paper we use an econometric model and quantitative data

Peter Giovannini; Victoria Reyes-García; Anna Waldstein; Michael Heinrich

2011-01-01

417

Where Did All The Growth Go? External Shocks, Social Conflict, and Growth Collapses  

Microsoft Academic Search

This paper argues that domestic social conflicts are a key to understanding why growth rates lack persistence and why so many countries have experienced a growth collapse after the mid-1970s. It emphasizes conflicts interact with external shocks on the one hand, and the domestic institutions of conflict-management on the other. Econometric evidence provides support for this hypothesis. Countries that experienced

Danni Rodrik

1998-01-01

418

Technological Diffusion, Spatial Spillovers And Regional Convergence In Europe  

Microsoft Academic Search

In this paper we study two closely related issues. First, the role of technology heterogeneity and diffusion in the convergence of GDP per worker observed across the European regions, in the absence of data on regional TFP. Second, the spatial pattern of the observed regional heterogeneity in technology and the relevance of this pattern for the econometric analysis of regional

Raffaele Paci; Francesco Pigliaru

2001-01-01

419

The European Regional Convergence Process, 1980-1995: Do Spatial Regimes and Spatial Dependence Matter?  

Microsoft Academic Search

The authors show that spatial dependence and spatial heterogeneity matter in the estimation of the &bgr;-convergence process among 138 European regions over the 1980 to 1995 period. Using spatial econometrics tools, the authors detect both spatial dependence and spatial heterogeneity in the form of structural instability across spatial convergence clubs. The estimation of the appropriate spatial regimes spatial error model

Cem Ertur; Julie Le Gallo; Catherine Baumont

2006-01-01

420

Ethnicity and Election Outcomes in Ghana  

Microsoft Academic Search

Is ethnicity the critical determinant of election results in Africa? We investigate this question empirically on the 2004 presidential poll in Ghana. We use variables from several data sources matched at the district level, and perform econometric analysis on the turnout rate and party vote shares, and on their evolution between two similar polls. We test the accuracy of two

Thomas Bossuroy

2011-01-01

421

Entrepreneurial orientation, technology transfer and spinoff performance of U.S. universities  

Microsoft Academic Search

This paper adopts a resource-based perspective to understand why some universities are more successful than others at generating technology-based spinoff companies. In this respect, we derive eight hypotheses that link attributes of resources and capabilities, institutional, financial, commercial and human capital, to university spinoff outcomes. Using panel data from 1980 to 2001, our econometric estimators reveal evidence of history dependence

Rory P. O'Shea; Thomas J. Allen; Arnaud Chevalier; Frank Roche

2005-01-01

422

Quantifying International Capital Mobility in the 1980s  

Microsoft Academic Search

The Feldstein-Horioka finding, that national saving and investment have been highly correlated in the past, has not been primarily due to econometric problems such as endogenous fiscal policy; it has held up equally well when instrumental variables are used. But the inflow of capital to the United States has been so large in recent years that an updating of the

Jeffrey A. Frankel

1991-01-01

423

Democratic Opposition to the Fair Labor Standards Act of 1938: Reply to Seltzer  

Microsoft Academic Search

Andrew J. Seltzer raises an interesting question: How large was the net effect of southern political institutions on congressional support for the Fair Labor Standards Act (FLSA)? Although Seltzer claims to use my econometric results to show that those institutions had little effect, his interpretation of my results depends entirely on two assumptions that I did not make and that

ROBERT K. FLECK

2004-01-01

424

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

425

Vidya, Veda, and Varna: The influence of religion and caste on education in rural India  

Microsoft Academic Search

This paper argues that Vidya (education), Veda (religion) and Varna (caste) are inter-linked in India. It examines whether, and to what extent, the enrolment of children at school in India is influenced by community norms such as those of religion (Hindu or Muslim) or caste (Scheduled or non-Scheduled). The econometric estimates are based on unit record data from a survey

Vani K. Borooah; Sriya Iyer

2005-01-01

426

Vidya, Veda, and Varna: The Influence of Religion and Caste on Education in Rural India  

Microsoft Academic Search

This paper argues that Vidya (education), Veda (religion) and Varna (caste) are inter-linked in India. It examines whether, and to what extent, the enrolment of children at school in India is influenced by community norms such those of religion (Hindu or Muslim) or caste (Scheduled or non-Scheduled). The econometric estimates are based on unit record data from a survey of

Vani K. Borooah; Sriya Iyer

2002-01-01

427

The Cyclic Behavior of the Greater London Office Market  

Microsoft Academic Search

This paper applies structural econometric methodology to estimating and forecasting the greater London office market. We assemble a time series covering the 1970–1995 period and estimate equations for net space absorption, movements in rents, and new building orders. Together with two identities, calculating the stock and vacancy, these form a complete model. We estimate a generally inelastic supply and demand

WILLIAM C. WHEATON; RAYMOND G. TORTO; Peter Evans

1997-01-01

428

The Estonian real estate market: a speculative bubble?  

Microsoft Academic Search

The economic growth of the Baltic Region after independence has largely been realised through numerous reforms and capital market liberalisation. The Estonian economy in the past two decades was highly leveraged and characterised by the increase in real estate prices. This market had the pattern of a bubble. Our objective in this work is to evaluate through standard econometric analyses

Francesca Medda; Luca Cocconcelli

2011-01-01

429

The Demand for Vice: Inter-Commodity Interactions with Uncertainty  

Microsoft Academic Search

This paper introduces a simulation procedure in the context of a demand system for vice -- marijuana, tobacco and alcohol -- to formally account for the inherent uncertainty in marijuanarelated data and parameters. This entails using existing econometric estimates pertaining to the consumption of alcohol and tobacco, and the much more limited information on marijuana. As an illustrative application of

Kenneth W. Clements; Yihui Lan; Xueyan Zhao

2005-01-01

430

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

431

Village Elections, Accountability and Income Distribution in Rural China  

Microsoft Academic Search

China has experimented with village elections for nearly 20 years. Using village and household survey data collected from 48 villages of 8 Chinese provinces for the period 1986-2002, this paper studies how the introduction of elections affects village governance and income distribution in Chinese villages. The econometric analysis finds the following outcomes. First, village elections have increased the share of

Yang Yao

2006-01-01

432

Police MurdersAn Examination of Historical Trends in the Killing of Law Enforcement Officers in the United States, 1947 to 1998  

Microsoft Academic Search

This study uses multivariate econometric and time series analysis techniques to examine historical trends in the felonious killing of law enforcement officers in the United States from 1947 to 1998. Of particular interest is the extent to which the correlates of police murder rates are characterized by historical specificity. We also focus on the ability of economic deprivation, deterrence, and

Candice Batton; Steve Wilson

2006-01-01

433

Inpres and Inequality: A Distributional Perspective on the Centre's Regional Disbursements  

Microsoft Academic Search

Central government funding of local expenditures under the Inpres programs is a potentially important policy instrument for redressing regional inequalities in Indonesia. This paper examines the implicit distributional objectives underlying Inpres. The scheme is modelled as the outcome of a constrained social choice problem facing the centre. An econometric model of Inpres allocations is used to identify the centre's implicit

Martin Ravallion

1988-01-01

434

Earnings and Individual Variations in Postschool Human Investment  

ERIC Educational Resources Information Center

|Examines the effect on earnings of variations among individuals in postschool human investment (namely, in work experience after the completion of schooling). Data from the Johns Hopkins Retrospective Life History Survey are analyzed to make possible a reformulation of Becker and Chiswick's econometric model to allow for additional variations…

Knapp, Charles B.; Hansen, W. Lee

1976-01-01

435

Economic Analysis of a Reserve Stock Program for Rice in the Philippines. Rice Policies in Southeast Asia Project Working Paper No. 7.  

National Technical Information Service (NTIS)

To help the Government of the Philippines decide whether or not to establish a program to reserve stocks of rice, the country's main staple, this report analyzes the economic costs and benefits associated with such a program. First, an econometric model d...

A. Te

1982-01-01

436

Dollarization in Lebanon  

Microsoft Academic Search

Lebanon has experienced large-scale dollarization during and after its 15-year long civil war. This paper analyzes the driving forces behind the dollarization of the Lebanese economy, using two econometric models that, apart from determinants commonly included in empirical studies on the dollarization phenomenon, also specifically take into account the limited reversibility of the dollarization process. The latter is modeled through

Johannes Mueller

1994-01-01

437

Settlement Disputes: Evidence from a Legal Practice Perspective  

Microsoft Academic Search

This paper explores the agency relationship between a lawyer and a client in the context of deciding whether to settle a case. The impact of alternative fee arrangements on settlement disputes is empirically assessed in a discrete dependent variable econometric model utilizing survey data from lawyers in British Columbia. In contrast to the previous research based on traditional single-task principal-agent

Douglas J. Cumming

2001-01-01

438

Productivity Spillovers and Multinational Enterprises: in Search of a Spatial Dimension  

Microsoft Academic Search

In this paper we analyse whether and to what extent MNEs can generate positive externalities for the host economies by allowing for spatial dependence patterns in TFP growth rates at sectoral and regional level. In order to achieve this research objective we use spatial econometric techniques, which allow us to identify not only the type of spatial dependence governing this

Laura Resmini; Marcella Nicolini

2007-01-01

439

Gender and the Automobile – An Analysis of Non-work Service Trips  

Microsoft Academic Search

Focusing on individual motorists in car-owning households in Germany, this analysis econometrically investigates the determinants of automobile travel for non-work service activities against the backdrop of two questions: 1) Does gender play a role in determining the probability of car use and the distance driven? 2) If so, how is this role mitigated or exacerbated by other socioeconomic attributes of

Colin Vance; Rich Iovanna

2007-01-01

440

Gender and the Automobile: Analysis of Nonwork Service Trips  

Microsoft Academic Search

With a focus on individual motorists in car-owning households in Germany, this analysis econometrically investigates the determinants of automobile travel for nonwork service activities against the backdrop of two questions: (a) Does gender play a role in determining the probability of car use and the distance driven? and (b) If so, how is this role mitigated or exacerbated by other

Colin Vance; Rich Iovanna

2007-01-01

441

Econophysics: Empirical facts and agent-based models  

Microsoft Academic Search

This article aims at reviewing recent empirical and theoretical developments usually grouped under the term Econophysics. Since its name was coined in 1995 by merging the words Economics and Physics, this new interdisciplinary field has grown in various directions: theoretical macroeconomics (wealth distributions), microstructure of financial markets (order book modelling), econometrics of financial bubbles and crashes, etc. In the first

Anirban Chakraborti; Ioane Muni Toke; Marco Patriarca; Frederic Abergel

2009-01-01

442

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

443

United States chicken and grain exports to Mexico: competing for the same market?  

Microsoft Academic Search

The impacts of maintaining increasing rates of Mexican chicken meat imports from the United States on United States grain sorghum price and Mexican GS imports from the United States were modeled using a non-spatial, partial equilibrium, econometric, and simulation international trade model. Twenty five equations were simultaneously estimated and validated as a system using three stages least squares. A 9-year

Teresa Duch-Carvallo; Jaime E. Malaga

2011-01-01

444

Household waste recycling: National survey evidence from Italy  

Microsoft Academic Search

The paper analyses the determinants of household recycling in Italy with particular emphasis on social behaviour. The econometric analysis is based on two waves - 1998 and 2000 - of the Multipurpose Household Survey conducted annually by the Italian Central Statistics Office. In Italy household recycling was substantially voluntary in the years from 1998 to 2000 with no monetary incentives

Damiano Fiorillo

2011-01-01

445

Household waste recycling: national survey evidence from Italy  

Microsoft Academic Search

The paper analyses the determinants of household recycling in Italy with particular emphasis on social behaviour. The econometric analysis is based on two waves - 1998 and 2000 - of the Multipurpose Household Survey conducted annually by the Italian Central Statistics Office. In Italy household recycling was substantially voluntary in the years from 1998 to 2000 with no monetary incentives

Damiano Fiorillo

2011-01-01

446

Job shopping after vocational training? An empirical analysis of the transition from apprenticeship training to work  

Microsoft Academic Search

This econometric study deals with the question as to what extent apprentices after successfully completing their training stay with the firm where they have received their training and, if so, how long that job tenure holds. Determinants of both decisions can be seen from both the employer`s and the employee`s viewpoint. The firm is interested to employ this apprentices in

Wolfgang Franz; Volker Zimmermann

2001-01-01

447

A Theory of Financial Innovation and Monetary Substitution with an Application to a Century of Data on the M1Income Ratio (Preliminary)  

Microsoft Academic Search

I study a DSGE model incorporating a monetary transactions technology in which a representative household invests time to improve its skill (human capital) in making transactions. The model is designed to reconcile salient short- and long-run features of the relationship between money, income, and the opportunity cost of holding money. An econometric reduced form, de- rived analytically, is revealing for

Drew Saunders

448

Service as a major source of growth in Russia and other former Soviet states  

Microsoft Academic Search

Private services could contribute greatly to economic growth in Russia and the other former Soviet states. The authors use econometric analysis to identify the gap between expected and actual levels of service activities in these countries and simulate the effect on GDP and employment of closing the gap. The gap is particularly wide for business and consumer services. Transport and

William Easterly; Martha de Melo; Gur Ofer

1994-01-01

449

Manufacturing investment-performance causality in the UK clothing industry  

Microsoft Academic Search

When the levels of investment and performance of manufacturing industry are correlated, it is indeterminate whether the investment is driving the performance, the performance is driving the investment, or both. Econometric approaches to the problem of causality identification have been applied to a cross-sectional, longitudinal database from the UK clothing industry, 1979-1987. The Granger methodology shows evidence of bicausality in

D. J. HAMBLIN; A. LETTMAN

1996-01-01

450

The endogeneity of optimum currency area criteria – lessons from history for European monetary union  

Microsoft Academic Search

Purpose – Assesses whether the current pattern of relative wage rigidity and labour inertia in Europe is a problematic factor in the successful functioning of the European monetary union as viewed by many observers given the absence of interregional fiscal transfer payments. Design\\/methodology\\/approach – Uses econometric methods to test whether the onset of monetary integration in the US and the

François Mann-Quirici

2005-01-01

451

The effect of the price of gold on its production: a time-series analysis  

Microsoft Academic Search

Production of gold in Australia has grown strongly in recent years. Australia is ranked the world's third largest gold producer, only South Africa and the US produce more than Australia. Most of the Australian gold production comes from one of its states, Western Australia. In this paper, we use recent developments in econometric time series analysis to present an analysis

Saroja Selvanathan; E. A. Selvanathan

1999-01-01

452

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

453

Forecasted Electric Power Demands for the Baltimore Gas and Electric Company. Volume 1 and Volume 2. Documentation Manual.  

National Technical Information Service (NTIS)

The two-volume report presents the results of an econometric forecast of peak load and electric power demand for the Baltimore Gas and Electric Company (BG&E) through the year 2009. Separate energy sales models were estimated for residential sales in Balt...

S. L. Estomin J. E. Beach J. V. Goldsmith

1991-01-01

454

Food safety information and food demand  

Microsoft Academic Search

Purpose – The purpose of this paper is to analyze how news about food-related health risks affects consumers’ demands for safe food products. Design\\/methodology\\/approach – By identifying structural breaks in an econometrically estimated demand model, news with permanent impact on demand is distinguished from news with temporary impact. The Danish demand for pasteurized versus shell eggs is used as an

Sinne Smed; Jørgen Dejgaard Jensen

2005-01-01

455

EXTERNAL FINANCE: A NECESSARY COMPONENT IN GROWTH PROJECTIONS FOR SOUTHERN AGRICULTURE  

Microsoft Academic Search

Literature is replete with studies projecting the and foreign, if we are to fully understand changes performance of agriculture to 1980, 1985 and the taking place in agriculture and accurately project year 2000. These studies are usually based upon a future sector economic outcomes. Schuh's recom- dynamic certainty econometric model which, in turn, mendations, however, are cast almost entirely in

John B. Penson Jr.

1977-01-01

456

TIRED TITANIUM: A FATIGUE?BASED APPROACH TO AIRCRAFT INVENTORY MANAGEMENT AND ACQUISITION PLANNING  

Microsoft Academic Search

Airframe fatigue has emerged as a primary determinant of tactical aircraft service life. To investigate the impact of various operational scenarios on airframe fatigue and aircraft stocks, we develop an econometric model of fatigue and arrest landing accumulation for US Naval aircraft. Model forecasts suggest that fatigue?related attrition threatens to reduce inventories below the level needed to meet operational commitments

Chad D. Meyerhoefer; Robert P. Trost

2006-01-01

457

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

458

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

459

The relationship between private transfers and household income with regard to the assumptions of altruism, exchange and risk sharing: an empirical analysis applied to Russia  

Microsoft Academic Search

This article examines the impact of household income on private transfers in Russia, based on the assumptions of altruism, exchange and risk sharing. Econometric investigations using data from the Russia Longitudinal Monitoring Survey 2002 show that the fact of giving or receiving transfers does not relate to altruism but rather suggests reciprocity. Notably, some informal assistance networks would develop among

Matthieu Clément

2008-01-01

460

Are tax subsidies for private medical insurance self-financing? Evidence from a microsimulation model  

Microsoft Academic Search

This paper develops an empirical strategy to estimate whether subsidies to private medical insurance are self-financing in countries where public and private insurance coexist and the latter covers the same treatments as the former. We construct a simulation routine based on a micro-econometric discrete choice model that allows us to evaluate the impact of premium changes on the utilization of

Ángel López Nicolás; Marcos Vera-Hernández

2008-01-01

461

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; Duren, Mike [Sypris Electronics, LLC

2012-01-01

462

A New Measure of Fit for Equations With Dichotomous Dependent Variables  

Microsoft Academic Search

The econometrics literature contains many alternative measures of goodness of fit, roughly analogous to R , for use with equations with dichotomous dependent variables. There is, however, no consensus as to the measures' relative merits or about which ones should be reported in empirical work. This article proposes a new measure that possesses several useful properties that the other measures

Arturo Estrella

1998-01-01

463

Causal Inference in Sociological Research  

Microsoft Academic Search

Originating in econometrics and statistics, the counterfactual model provides a natural framework for clarifying the requirements for valid causal inference in the social sciences. This article presents the basic potential outcomes model and discusses the main approaches to identification in social science research. It then addresses approaches to the statistical estimation of treatment effects either under unconfoundedness or in the

Markus Gangl

2010-01-01

464

Technology sourcing and FDI in the EC: An empirical evaluation  

Microsoft Academic Search

This paper presents an econometric analysis of foreign direct investment flows in the four large countries of the EC, at the sectoral level and for the period 1984-89. We find that technological sourcing might be an important motive behind investment flows originating in the US and Japan but not behind intra-EC flows. Besides, we observe that “tariff jumping” may be

D. Neven; G. Siotis

1996-01-01

465

Civil Wars, Human Capital and Economic Growth: A SUR Approach  

Microsoft Academic Search

This study investigates the relationships between civil war, human capital and economic growth using econometric approach. This study first examines whether the initial level of human capital of population can help to prevent civil war onset by applying single equation logit analysis. The findings show that the level of initial human capital is a significant factor that substantially decreases the

Hyesung Kim

466

Impact of Education on the Income of Different Social Groups  

ERIC Educational Resources Information Center

This study investigates, statistically and econometrically, the income level, income inequality, education inequality, and the relationship between education and income of different social groups, on the basis of the Chinese Urban Household Survey conducted in 2005, the Gini coefficient and the quartile regression method. Research findings…

Yue, Changjun; Liu, Yanping

2007-01-01

467

R&D Investment under Evolving Market Conditions  

Microsoft Academic Search

This paper formulates a dynamic model of R&D investment of private firms operating under evolving market conditions. Using the dynamic programming approach, the paper derives the closed form optimal R&D investment rule in the presence of exogenous variables that Granger cause the marketing environment. Conditions for identification and econometric techniques for estimation of the structural parameters are given. The paper

Lakshmi K. Raut

468

Education and Distribution of Income: Some Exploratory Forays. Technical Reports. Conference on Policies for Educational Growth (Paris, France, June 3-5, 1970).  

ERIC Educational Resources Information Center

|The first paper in this series, "Problems in the Econometric Analysis of Educational Technology," by Fredrick L. Golladay, examines the analogy between empirical production functions in economic research and the school characteristic study. The second paper, "Problems in Making Policy Inferences from the Coleman Report," by Glen Cain and Harold…

Golladay, Fredrick L.; And Others

469

The Potential Effects of International Carbon Emissions Permit Trading Under 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 that 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; Robert Shackleton; Peter J. Wilcoxen

1998-01-01

470

Small is beautiful: a probit analysis of development control of small houses in Hong Kong  

Microsoft Academic Search

In this paper we apply the probit model, an econometric technique that has been used in urban economics to examine nonaggregate cross-sectional data, to investigate the development control (planning application) data regarding the so-called 'small houses' in Hong Kong with respect to two classes of statutory zones, namely the 'green belt' and 'unspecified uses' zones. Four refutable hypotheses relating to

Lawrence W C Lai; Winky K O Ho

2001-01-01

471

Economics of Electricity Self-Generation by Industrial Firms  

Microsoft Academic Search

This study develops, and econometrically tests, a model explaining the relative importance of several key economic and engineering factors that industrial firms consider when deciding whether to self-generate or cogenerate electricity. The model and empirical results (based on data from the chemical and paper industries) suggest that industrial self-generation is determined by the derived demand for electricity, price of purchased

Kenneth Rose; John F. McDonald

1991-01-01

472

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

473

The Determinants of College Student Retention  

ERIC Educational Resources Information Center

|This study attempts to add to the college student dropout literature by examining persistence decisions at private, non-selective university using previously unstudied explanatory variables and advanced econometric methods. Three main contributions are provided. First, proprietary data obtained from a type of university that is underrepresented…

Guerrero, Adam A.

2010-01-01

474

Private Investment in Developing Countries: An Empirical Analysis  

Microsoft Academic Search

The effects of several policy and other macroeconomic variables on the ratio of private investment to gross domestic product in developing countries during 1975-87 is analyzed. Econometric evidence indicates that the rate of private investment is positively related to real GDP growth, level of per capita GDP, and the rate of public sector investment, and negatively related to real interest

Joshua Greene; Delano Villanueva

1991-01-01

475

Spatial inequalities in UK GDP per head: The role of private and public services  

Microsoft Academic Search

This paper examines the impact of private and public services in generating spatial inequalities in GDP per head across UK sub-regions. The research utilises new data on public services available from Experimental Government Accounts. After reviewing the theoretical and empirical evidence concerning the spatial impact of services, an econometric model of the determinants of GDP per head is estimated. The

Peter Gripaios; Paul Bishop

2005-01-01

476

Vulnerability and discrimination among women, children and ethnic minorities  

Microsoft Academic Search

Purpose – This purpose of this paper is to introduce the special issue on vulnerability and discrimination among women, children and ethnic minorities. Design\\/methodology\\/approach – The paper discusses the articles in the special issue which employ a variety of individual-level data, some of which are newly available, and of econometric methods for the analysis of the determinants of labour supply

Floro Ernesto Caroleo; Gianna Claudia Giannelli; Francesco Pastore

2010-01-01

477

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

478

Media Bias and Influence: Evidence from Newspaper Endorsements  

Microsoft Academic Search

This paper investigates the relationship between media bias and the influence of the media on voting in the context of newspaper endorsements. We first develop a simple econometric model in which voters choose candidates under uncertainty and rely on endorsements from better informed sources. Newspapers are potentially biased in favor of one of the candidates and voters thus rationally account

Brian G. Knight; Chun-Fang Chiang

2008-01-01

479

Synthetic Indicators of Quality of Life in Europe  

ERIC Educational Resources Information Center

|For more than three decades now, sociologists, politicians and economists have used a wide range of statistical and econometric techniques to analyse and measure the quality of life of individuals with the aim of obtaining useful instruments for social, political and economic decision making. The aim of this paper is to analyse the advantages and…

Somarriba, Noelia; Pena, Bernardo

2009-01-01

480

Estimating School Efficiency: A Comparison of Methods Using Simulated Data.  

ERIC Educational Resources Information Center

|Uses simulated data to assess the adequacy of two econometric and linear-programming techniques (data-envelopment analysis and corrected ordinary least squares) for measuring performance-based school reform. In complex data sets (simulated to contain measurement error and endogeneity), these methods are inadequate efficiency measures. (Contains…

Bifulco, Robert; Bretschneider, Stuart

2001-01-01

481

The Impact of Cell Phones and BAC Laws on Motor Vehicle Fatality Rates  

Microsoft Academic Search

This paper develops a set of models for the determinants of automobile fatalities with particular attention devoted to the effects of increased cell phone usage. Cell phones have been associated with both life-taking and life-saving properties. However, prior statistical evaluations of the effects of cell phones have led to fragile results. We develop in this paper econometric models using time

Peter D. Loeb; William A. Clarke; Richard Anderson

2007-01-01

482

The impact of cell phones on motor vehicle fatalities  

Microsoft Academic Search

This article develops a set of models for the determinants of automobile fatalities with particular attention devoted to the effects of increased cell phone usage. Cell phones have been associated with both life taking and life-saving properties. However, prior statistical evaluations of the effects of cell phones have led to fragile results. We develop in this article econometric models using

Peter D. Loeb; William A. Clarke; Richard Anderson

2009-01-01

483

In defence of the price hedonic model in wine research  

Microsoft Academic Search

In a previous paper in this journal, Unwin criticised the prior wine applications of price hedonic theory. This paper recapitulates and elaborates Unwin's critique drawing primarily on basic knowledge from the econometric literature and more recent price hedonic wine studies. Facing this critique, the empirical section of the paper provides an example of how a more realistic and stripped-down version

Christer Thrane

2004-01-01

484

Learning from endangered and threatened species recovery programs: A case study using U.S. Endangered Species Act recovery scores  

Microsoft Academic Search

Threatened and endangered species recovery programs consume increasing resources. Even so, there is increased concern about actual and projected biodiversity losses and in the success of recovery programs in reversing these trends. In this paper, we use a panel data set and ordered probit econometric methods to statistically examine the determinants of the 1990–2002 biennial U.S. Fish and Wildlife Service

Joe Kerkvliet; Christian Langpap

2007-01-01

485

Energy models for commercial energy prediction and substitution of renewable energy sources  

Microsoft Academic Search

In this paper, three models have been projected namely Modified Econometric Mathematical (MEM) model, Mathematical Programming Energy-Economy-Environment (MPEEE) model, and Optimal Renewable Energy Mathematical (OREM) model. The actual demand for coal, oil and electricity is predicted using the MEM model based on economic, technological and environmental factors. The results were used in the MPEEE model, which determines the optimum allocation

S. Iniyan; L. Suganthi; Anand A. Samuel

2006-01-01

486

IMF lending: how is it affected by economic, political and institutional factors?  

Microsoft Academic Search

In seeking to understand IMF lending early large sample econometric studies tended to focus on economic factors. Political and institutional influences were often deemed to be reflected in the frequently large residual. At the same time increasing anecdotal evidence was being amassed to suggest that political factors were indeed important. However, more recent studies have claimed that, by using superior

Graham Bird; Dane Rowlands

2001-01-01

487

Modeling the IMF's Statistical Discrepancy in the Global Current Account  

Microsoft Academic Search

This paper offers a framework for judging when the discrepancy embodied in current account forecasts is large. The first step in implementing this framework involves developing an econometric model explaining the components of the aggregate discrepancy, estimating the associated parameters, and generating the aggregate discrepancy's conditional expectation. The second step is to compare this model-based forecast with the discrepancy embodied

Jaime Marquez; Lisa Workman

2001-01-01

488

Forecasting New Hampshire Liquor Revenues; a Report to the Legislative Budget Assistant, New Hampshire General Court.  

National Technical Information Service (NTIS)

The primary task of the project was the development of an econometric model for forecasting annual revenues at New Hampshire State liquor stores. A second task was the investigation and evaluation of the impact of new store openings on state-wide liquor r...

1976-01-01

489

The austrian school and its critique of a standard mathematical approach to economics  

Microsoft Academic Search

The main aim is to identify a few of the methodological principles with which most Austrians are in agreement and which are the most relevant to an explanation of the Austrian attitude to the use of mathematics and econometrics in economics. This paper can be roughly divided into three parts. In the first part the author defines the position of

Milan ?ÍKOVSKÝ

2001-01-01

490

A COST-BENEFIT ANALYSIS OF ENLARGING THE JAPANESE JUDICIAL SYSTEM  

Microsoft Academic Search

This article presents a cost-benefit analysis of enlarging the Japanese judicial system, especially the civil section of District Courts (CSDC). Constructing a simple econometric model of CSDC, the effects of increase of judges on the supply of judicial services and the trial time are analyzed. Then a cost and benefit calculation is done. The basic assumption is that the total

Tomio Kinoshita

2002-01-01

491

Alumni Giving of Business Executives to the Alma Mater: Panel Data Evidence at a Large Metropolitan Research University  

Microsoft Academic Search

Charitable giving to public and private institutions of higher learning in the US is a growing major source of financing academic and support programs. The novel contribution of this research is the estimation of an econometric model of gift-giving alumni business executives of a large public urban university using 10,192 individual donor observations [that is, a panel of 392 donors

Albert A. Okunade; Phanindra V. Wunnava

2011-01-01

492

Using Theory to Identify Beliefs Associated With Support for Policies to Raise the Price of High-Fat and High-Sugar Foods  

Microsoft Academic Search

Public policies designed to dramatically raise the price of high-fat and high-sugar foods have received substantial attention from researchers and the media. Although econometric studies suggest that these policies could reduce obesity rates, they are likely to face substantial public opposition. This study used the theory of perceived responsibility and social motivation as a framework to analyze data from a

Jeff Niederdeppe; Norman Porticella; Michael A. Shapiro

2012-01-01

493

Using Theory to Identify Beliefs Associated With Support for Policies to Raise the Price of High-Fat and High-Sugar Foods  

Microsoft Academic Search

Public policies designed to dramatically raise the price of high-fat and high-sugar foods have received substantial attention from researchers and the media. Although econometric studies suggest that these policies could reduce obesity rates, they are likely to face substantial public opposition. This study used the theory of perceived responsibility and social motivation as a framework to analyze data from a

Jeff Niederdeppe; Norman Porticella; Michael A. Shapiro

2011-01-01

494

Analysis of Italian Market of Syrah Wine  

Microsoft Academic Search

In order to fully understand Syrah wine market in Italy both supply and demand need to be studied. While supply is analyzed with the simple (benchmarking) comparison of the descriptive statistics between Syrah Italian wines and other high quality red Italian wines, the demand is studied econometrically. A double logarithmic approach has been chosen for its simplicity as well as

Antonio Seccia; Gianluca Nardone; Antonio Stasi

2008-01-01

495

Estimating the Effects of Unions on Wage Inequality in a Panel Data Model with Comparative Advantage and Nonrandom Selection  

Microsoft Academic Search

This article considers the estimation of the structure of wages in union and nonunion sectors. It proposes an estimator that extends standard panel data techniques to the case in which the return to the permanent component of the error term is differently rewarded in the two sectors. The econometric model is used to estimate the effect of unions on both

Thomas Lemieux

1998-01-01

496

Cutting through the smoke: separating the effect of price on smoking initiation, relapse and cessation  

Microsoft Academic Search

I employ a large national representative dataset (Current Population Survey-Tobacco Use Supplements) to investigate how cigarette prices affect smoking decisions. A standard econometric approach is to estimate the relationship between cigarette prices and smoking participation at a point in time. I extend this approach to model past-year decisions to start, resume or quit smoking. Considering reverse causality, I apply an

Feng Liu

2010-01-01

497

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

498

Donor bias towards small countries: an overlooked factor in the analysis of foreign aid and economic growth  

Microsoft Academic Search

The consensus of the literature is that international cross-sectional data do not reveal a stable relationship between foreign aid and economic growth, a conclusion which weakens the case for giving aid. However, previous econometric analysis has not made allowance for the fact that larger countries grow faster, but receive less aid. In this paper it is demonstrated that when due

Donald W. Snyder

1993-01-01

499

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

500

A two-part sample selection model of British bilateral foreign aid allocation  

Microsoft Academic Search

The allocation of British bilateral foreign aid among developing countries is simultaneously modelled, focusing on allocations during the period 1980–87. Two aid allocation decisions are analysed using a variant of the Lee-Maddala econometric model. The first decision concerns the determination of developing country eligibility for aid, while the second concerns the amount of aid eligible countries are allocated. Given the

Mark McGillivray; Edward Oczkowski

1992-01-01