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.
Adrian Pagan; Aman Ullah
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,
William H Greene
2003-01-01
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
Matthews, Adrian
Econometric Methods for Development Microeconomics of Development Compulsory modules & restrictions for Social Analysis (Spring) Â·Climate Change Policy for Development Â·Econometric Methods for Development Optional DEV modules: (subject to availability**) Study skills support (essay writing, etc) Development
Gilbert Lui's Econometrics World
NSDL National Science Digital Library
Chinese University of Hong Kong student Gilbert C. S. Lui has created this extensive compilation of econometrics, statistics, and mathematics Internet resources. Gilbert Lui's Econometrics World links readers to university departments worldwide, journals of interest, and statistical software information in addition to econometric society and personal homepages.
Conferences with Econometric Interest
NSDL National Science Digital Library
1999-01-01
The Royal Economics Society's Econometrics Journal site lists conferences in econometrics at this Econometric Links section. Forthcoming international conferences currently listed include the Eighth Symposium on Finance, Banking and Insurance in Karlsruhe, Germany, and the METU International Conference in Economics/III in Ankara, Turkey.
New Econometric Methods - Assignments
NSDL National Science Digital Library
MIT
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.
New Econometric Methods - Syllabus
NSDL National Science Digital Library
MIT
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.
Econometrics: A Bird's Eye View
Geweke, John; Horowitz, Joel; Pesaran, M Hashem
Econometrics: A Bird’s Eye View? John Geweke, Joel Horowitz, and Hashem Pesaran† November 2006 Abstract As a unified discipline, econometrics is still relatively young and has been transforming and expanding very rapidly over the past few decades...
Foundations and Trends R Econometrics
Lansky, Joshua
Foundations and Trends R in Econometrics Vol. 2, Nos. 12 (2006) 1145 c 2008 A. Golan DOI: 10.1561/0800000004 Information and Entropy Econometrics -- A Review and Synthesis Amos Golan Department of Economics, American are to study the basics of information-theoretic methods in econometrics, to exam- ine the connecting theme
The Econometrics of Financial Markets
Landweber, Laura
The Econometrics of Financial Markets John Y. Campbell, Andrew W. Lo, and A. Craig Mac, in a review of The Econometrics of Financial Markets, winner of TIAA-CREF's 1997 Paul A. Samuelson AwardKinlay's The Econometrics of Finan- cial Markets made a bold leap forward by integrating theory and empirical work
Lin, Xiaodong
Econometrics 26 223 554 01 Fall 2014 (Thursdays, 1:00 - 3:50 pm) Instructor: Daniela Osterrieder Author Fumio Hayashi Book title Econometrics Year 2000 Publisher Princeton University Press ISBN-10 0 is designed to introduce the course participants to the use of Econometrics in the form of an empirical study
Misspecification Tests in Econometrics
L. G. Godfrey
1988-01-01
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
Behavioral econometrics for psychologists
Steffen Andersen; Glenn W. Harrison; Morten Igel Lau; Elisabet E. Rutström
2010-01-01
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
Behavioral Econometrics for Psychologists
Steffen Andersen; Glenn W. Harrison; Morten Igel Lau; Elisabeth E. Rutström
2007-01-01
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
Behavioral Econometrics for Psychologists
Steffen Andersen; Glenn W. Harrison; Morten Igel Lau; Elisabet E. Rutström
2009-01-01
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
Qiu, Weigang
Research Assistant (Econometrics Specialist) - Centro de Estudios Puertorriqueños Job Title: Research Assistant (Econometrics Specialist) Centro de Estudios Puertorriqueños Job ID: 10155 Location related field is preferred. Training in econometrics and experience in applying econometrics are required
Simulation-based Econometric Methods
Christian Gourieroux; Alain Monfort
1996-01-01
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
Econometric Studies of Higher Education.
ERIC Educational Resources Information Center
Ehrenberg, Ronald G.
The econometrics of higher education emerged from the development of human capital theory and efforts to estimate rates of return to education in the 1960s and 1970s. This paper surveys the various strands of the literature on the econometrics of higher education that have developed during the last 40 years and indicates how a collection of papers…
Shyam Sunder
Properties of many important valuation rules can be quantified, examined and compared in a unified framework to assist policy decisions. Valuation rules can be viewed as econometric estimators. Which valuation rule has minimum mean squared error (relative to the unobserved economic value of bundles of resources) is a matter of econometrics, not of theory or principle; it depends on the
NSDL National Science Digital Library
1998-01-01
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.
New Econometric Methods - Reading List
NSDL National Science Digital Library
MIT
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.
Econometrics and Data Analysis I Yale University
Econometrics and Data Analysis I Yale University ECON S131 (ONLINE) Summer Session B, 2013 July 8 microeconomics and familiarity with single variable calculus. In most econometrics classes, mathematical methods
AN ECONOMETRIC ANALYSIS OF NET INVESTMENT IN
NOTES AN ECONOMETRIC ANALYSIS OF NET INVESTMENT IN GULF SHRIMP FISHING VESSELS1 The major capital to the Gulf shrimp fishery. The purpose of this study is to estimate an econometric model of annual real net
The Econometrics of Data Combination Geert Ridder
Weaver, Harold A. "Hal"
The Econometrics of Data Combination Geert Ridder Department of Economics, University of Southern University,Baltimore E-mail: moffitt@jhu.edu Chapter for the Handbook of Econometrics April 1, 2005 We thank
Applied Econometrics University of British Columbia
Farrell, Anthony P.
FRE 528 Applied Econometrics University of British Columbia Fall, 2014 Instructor: Michael Johnson constraints and econometric challenges) along with potential solutions to these problems. Students. Textbook/References: R. Carter Hill, William E. Griffiths and Guay C. Lim, Principles of Econometrics
Econometrics and Data Analysis I Yale University
Econometrics and Data Analysis I Yale University ECON S131 (ONLINE) Summer Session A, 2014 June 2 microeconomics and familiarity with single variable calculus. In most econometrics classes, mathematical methods textbook for this course is Introduction to Econometrics, 2nd or 3rd edition, by Stock and Watson (Addison
An introduction to financial econometrics Jianqing Fan
Wang, Lily
An introduction to financial econometrics Jianqing Fan Department of Operation Research econometrics? This simple question does not have a simple answer. The boundary of such an interdisciplinary speaking, financial econometrics is to study quantitative problems arising from finance. It uses sta
Tier II Canada Research Chair Financial Econometrics
Sinnamon, Gordon J.
Tier II Canada Research Chair in Financial Econometrics The University of Western Ontario Research Chair in the area of Financial Econometrics, at the rank of probationary (tenure-track) Assistant: Labour Economics, Macroeconomics, Micro Theory and Econometrics. Quantitative Finance is an area
Graphical models, causal inference, and econometric models
Spirtes, Peter
Graphical models, causal inference, and econometric models Peter Spirtes Abstract A graphical model modeling has historical ties to causal modeling in econometrics and other social sciences, there have been isolated from the econometric tradition. In this paper I will describe a number of recent developments
Estimation and Inference in Econometrics
Russell Davidson; James G. MacKinnon
1993-01-01
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
The econometrics of financial markets
Adrian Pagan
1996-01-01
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
An Applied Physicist Does Econometrics
NASA Astrophysics Data System (ADS)
Taff, L. G.
2010-02-01
The biggest problem those attempting to understand econometric data, via modeling, have is that economics has no F = ma. Without a theoretical underpinning, econometricians have no way to build a good model to fit observations to. Physicists do, and when F = ma failed, we knew it. Still desiring to comprehend econometric data, applied economists turn to mis-applying probability theory---especially with regard to the assumptions concerning random errors---and choosing extremely simplistic analytical formulations of inter-relationships. This introduces model bias to an unknown degree. An applied physicist, used to having to match observations to a numerical or analytical model with a firm theoretical basis, modify the model, re-perform the analysis, and then know why, and when, to delete ``outliers'', is at a considerable advantage when quantitatively analyzing econometric data. I treat two cases. One is to determine the household density distribution of total assets, annual income, age, level of education, race, and marital status. Each of these ``independent'' variables is highly correlated with every other but only current annual income and level of education follow a linear relationship. The other is to discover the functional dependence of total assets on the distribution of assets: total assets has an amazingly tight power law dependence on a quadratic function of portfolio composition. Who knew? )
A selective overview of nonparametric methods in financial econometrics
Fan, Jianqing
A selective overview of nonparametric methods in financial econometrics Jianqing Fan Department a brief overview on the nonparametric techniques that are useful for financial econometric problems, securities regulation, proprietary trading, financial consulting and risk management. Financial econometrics
14.32 Econometrics, Spring 2003
Angrist, Joshua David
Introduction to econometric models and techniques, emphasizing regression. Advanced topics include instrumental variables, panel data methods, measurement error, and limited dependent variable models. Includes problem sets. ...
Crystal study and econometric model
NASA Technical Reports Server (NTRS)
1975-01-01
An econometric model was developed that can be used to predict demand and supply figures for crystals over a time horizon roughly concurrent with that of NASA's Space Shuttle Program - that is, 1975 through 1990. The model includes an equation to predict the impact on investment in the crystal-growing industry. Actually, two models are presented. The first is a theoretical model which follows rather strictly the standard theoretical economic concepts involved in supply and demand analysis, and a modified version of the model was developed which, though not quite as theoretically sound, was testable utilizing existing data sources.
ECON 502 Syllabus Syllabus for ECON 502: Econometric Methods
Suzuki, Masatsugu
ECON 502 Syllabus Dr. Ghosh Syllabus for ECON 502: Econometric Methods Fall 2010 Instructor course in econometrics. "Econometrics is the application of statistical and mathematical methods and refuting them." So a course in econometrics even this introductory one involves both theory
THE TJALLING C+ KOOPMANS ECONOMETRIC THEORY PRIZE: 19941996
Davis, Richard A.
THE TJALLING C+ KOOPMANS ECONOMETRIC THEORY PRIZE: 19941996 Econometric Theory is proud to announce the winning article for theTjalling C+ Koopmans Econometric Theory Prize over the period 1994 articles published in Econometric Theory ~19941996! were candidates for the prize, except those that were
High Dimensional Sparse Econometric Models: An Introduction
Belloni, Alexandre
2011-06-26
In this chapter we discuss conceptually high dimensional sparse econometric models as well as estimation of these models using ?1-penalization and post-?1-penalization methods. Focusing on linear and nonparametric regression ...
Essays in econometrics and random matrix theory
Harding, Matthew C
2007-01-01
This dissertation develops new econometric procedures for the analysis of high-dimensional datasets commonly encountered in finance, macroeconomics or industrial organization. First, I show that traditional approaches to ...
Identification and Inference for Econometric Models
NASA Astrophysics Data System (ADS)
Andrews, Donald W. K.; Stock, James H.
2005-07-01
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.
Essays on identification and semiparametric econometrics
Schrimpf, Paul
2011-01-01
This dissertation is a collection of three independent essays in theoretical and applied econometrics. The first chapter analyzes dynamic games with continuous states and controls. There are two main contributions. First, ...
Econometric methods in real estate appraisal
Gilliland, Charles E.
1979-01-01
in terms of time required and accuracy of market value estimates. In mass appraisal applica- tions, much of the available data on recent sale activity does not enter the appraisal procedure for a specific property. Econometric methods facilitate.... Appraisals resulting from the econometric models adequately estimate the market values. When compared to an individual inspection mass appraisal application, the results achieved with the regression equations appear to be superior to the manual approach...
Article No. ectj?????? Econometrics Journal (2008), volume 04, pp. 132.
Wolfe, Patrick J.
2008-01-01
Article No. ectj?????? Econometrics Journal (2008), volume 04, pp. 132. Realised Kernels is a Brownian motion, all adapted to some filtration F. For reviews of the econometrics of processes of the type
Working Paper 03-24 Statistics and Econometrics Series 05
Ortega, Esther Ruiz
Working Paper 03-24 Statistics and Econometrics Series 05 April 2003 Departamento de Estadística y complex to be realistic, the Econometrics needed to estimate them are more difficult. Consequently, Statistics and Econometrics Department, University Carlos III of Madrid, C/ Madrid 126 28903 Getafe (Madrid
Syllabus for Ec 122: Econometrics Room: 125 Baxter
Low, Steven H.
Syllabus for Ec 122: Econometrics Fall, 2013 Room: 125 Baxter Days and Times: Tuesdays and Thursdays, 1 - 2:30pm Required Text: Principles of Econometrics, 4th Edition, Hill, Griffiths, and Lim, Wiley, 2011. Recommended Text: Applied Econometrics in R, Kleiber and Zeileis, Springer, 2008
JOURNAL OF APPLIED ECONOMETRICS J. Appl. Econ. 17: 457477 (2002)
Wolfe, Patrick J.
2002-01-01
JOURNAL OF APPLIED ECONOMETRICS J. Appl. Econ. 17: 457477 (2002) Published online in Wiley Inter variation using realized variance (RV)--that is, sums of M squared returns. This econometrics has been an econometrically revealing quantity in special cases of semimartingales models. Unfortunately, although RV
Some applications of functional data analysis to econometrics and finance
Kokoszka, Piotr
Some applications of functional data analysis to econometrics and finance Piotr Kokoszka Department of Statistics, Penn State University Piotr Kokoszka FDA in econometrics and finance #12;Outline Functional time Kokoszka FDA in econometrics and finance #12;Cumulative intraday returns on SP500; Lucca and Moench 2014
Economics 397 Spring 1998 Macro-Econometrics Professor Miller
Ahmad, Sajjad
Economics 397 Spring 1998 Macro-Econometrics Professor Miller Ms. Pattanapanchai,however,itshouldbeinyourownwords.Also,pleaselistthenamesoftheothermembersofyourstudygrouponthefrontpageofyourhomework assignment. Textbooks: (All textbooks are available in the UConn Coop) 1. Applied Econometric Time Series (AETS), Walter Enders, Wiley, 1995. 2. RATS Handbook for Econometric Time Series (RHETS), by Walter
Parallel Computation In Econometrics: A Simplified Approach Jurgen A. Doornik
Wolfe, Patrick J.
Parallel Computation In Econometrics: A Simplified Approach Jurgen A. Doornik , Neil Shephard Parallel computation has a long history in econometric computing, but is not at all wide spread. We believe optimization; Econometrics; High-performance computing; Matrix-programming language; Monte Carlo; MPI; Ox
Limit theorems for bipower variation in financial econometrics
Wolfe, Patrick J.
Limit theorems for bipower variation in financial econometrics Ole E. Barndorff-Nielsen Department econometrics. The analysis is carried out under some rather general Brownian semimartingale assumptions, which come from and how they sit within the econometrics literature. Our theoretical development is motivated
Discussion on Agricultural Econometrics: Its History and Its Future
McCarl, Bruce A.
Discussion on Agricultural Econometrics: Its History and Its Future David A. Bessler Texas A&M UniversityTexas A&M University AAEA Session on History of Econometrics1 Denver, Colorado Tuesday, July 27 Concerns · Partial Answers (Instrumental Variables) · Cautions · Revolution in Econometrics · Mopping
Regression and Causation: A Critical Examination of Six Econometrics Textbooks
California at Los Angeles, University of
Regression and Causation: A Critical Examination of Six Econometrics Textbooks Bryant Chen-1596, USA (310) 825-3243 September 10, 2013 Abstract This report surveys six influential econometric acceptance of the causal content of econometric equations and, uniformly, fail to provide coherent
Python for Unified Research in Econometrics and Statistics Roseline Bilina
Boyer, Edmond
Python for Unified Research in Econometrics and Statistics Roseline Bilina Steve Lawford Cornell-alone applications in econometrics and statistics, and as a tool for gluing different applications together. (It methods and programming), C87 (Econometric software), C88 (Other computer software). Keywords: Object
RANDOM SETS IN FINANCE AND ECONOMETRICS Ilya Molchanov
Molchanov, Ilya
1 RANDOM SETS IN FINANCE AND ECONOMETRICS Ilya Molchanov Department of Mathematical Statistics several examples where random sets appear in math- ematical finance and econometrics: trading with transaction costs, risk measures, option prices, and partially identified econometric models. 1.1 Introduction
ISSN 1745-9648 Econometric Evidence on the Impacts of
Feigon, Brooke
ISSN 1745-9648 Econometric Evidence on the Impacts of Privatization, New Entry, and Independent and China) over the time period 1991-2006 under a 3-equation econometric framework. The estimation results regulator; mobile network; econometric analysis #12;Acknowledgements: I would like to thank Catherine
Econometric Models of Asymmetric Ascending Auctions Department of Economics
Niebur, Ernst
Econometric Models of Asymmetric Ascending Auctions Han Hong Department of Economics Princeton econometric models of ascending (English) auctions which allow for both bid- der asymmetries as well as common an econometric model, thus extending the literature on structural estimation of auction models. Finally
Integer-valued Levy processes and low latency financial econometrics
Wolfe, Patrick J.
Integer-valued L´evy processes and low latency financial econometrics Ole E. Barndorff Abstract Motivated by features of low latency data in financial econometrics we study in detail integer- valued L´evy processes as the basis of price processes for high frequency econometrics. We propose using
On aggregation in spatial econometric modelling
NASA Astrophysics Data System (ADS)
Paelinck, Jean H. P.
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.
The Econometrics of Military Arms Races
J. Paul Dunne; Ron P. Smith
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
Matching as an Econometric Evaluation Estimator
James J. Heckman; Hidehiko Ichimura; Petra Todd
1998-01-01
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
Maximum likelihood estimation of econometric frontier functions
William H. Greene
1980-01-01
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
Pulling Econometrics Students up by Their Bootstraps
ERIC Educational Resources Information Center
O'Hara, Michael E.
2014-01-01
Although the concept of the sampling distribution is at the core of much of what we do in econometrics, it is a concept that is often difficult for students to grasp. The thought process behind bootstrapping provides a way for students to conceptualize the sampling distribution in a way that is intuitive and visual. However, teaching students to…
Operator trigonometry of statistics and econometrics
Karl Gustafson
2002-01-01
A new and useful geometric point of view for the understanding and analysis of certain matrix methods as they are used in statistics and econometrics is presented. Applications to statistical efficiency, parameter estimation, and correlation theory are given. In particular we show that worst case relative least squares efficiency, although achieved by maximally inefficient regressors, is also achieved by maximal
The role of profits in econometric models
J. Weitenberg
1980-01-01
Summary The relative size of profits has dramatically fallen during the seventies. As profits are supposed to play a dominant and strategic role in western economies, the question rises whether model builders have been aware of this role and in which sectors of the economy profits are assumed to influence the behaviour of economic agents. In this contribution the econometric
Qiu, Weigang
Job Opportunity: Statistics/Econometrics Research Assistant Location: Hunter College, City and between databases using statistical and/or econometric techniques Maintain and update quantitative candidates with bachelor's degrees and relevant skills will also be considered. Training in econometrics
Syllabus for SS-223A: Advanced Topics in Econometric Theory: Asymptotics of Optimization Estimators
Low, Steven H.
Syllabus for SS-223A: Advanced Topics in Econometric Theory: Asymptotics of Optimization Estimators: 123 Baxter Phone: 4228 Course Description: Almost all estimators (econometric or otherwise, Springer-Verlag 4. Amemiya (1985), Advanced Econometrics, Harvard University Press 5. Lehmann (2004
Limited-Dependent and Qualitative Variables in Econometrics
G. S. Maddala
1989-01-01
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
Bootstrapping Student Understanding of What Is Going on in Econometrics.
ERIC Educational Resources Information Center
Kennedy, Peter E.
2001-01-01
Explains that econometrics is an intellectual game played by rules based on the sampling distribution concept. Contains explanations for why many students are uncomfortable with econometrics. Encourages instructors to use explain-how-to-bootstrap exercises to promote student understanding. (RLH)
Investigating Causal Relations by Econometric Models and Cross-spectral Methods C. W. J. Granger
Timmer, Jens
Investigating Causal Relations by Econometric Models and Cross-spectral Methods C. W. J. Granger-9682%28196908%2937%3A3%3C424%3AICRBEM%3E2.0.CO%3B2-L Econometrica is currently published by The Econometric Society #12;Econometrics, Vol. 37, No. 3 (July, 1969) INVESTIGATING CAUSAL RELATIONS BY ECONOMETRIC MODELS
Projecting electricity consumption with an econometric model
Sutherland, R.J.
1987-01-01
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.
Econometric models for predicting confusion crop ratios
NASA Technical Reports Server (NTRS)
Umberger, D. E.; Proctor, M. H.; Clark, J. E.; Eisgruber, L. M.; Braschler, C. B. (principal investigators)
1979-01-01
Results for both the United States and Canada show that econometric models can provide estimates of confusion crop ratios that are more accurate than historical ratios. Whether these models can support the LACIE 90/90 accuracy criterion is uncertain. In the United States, experimenting with additional model formulations could provide improved methods models in some CRD's, particularly in winter wheat. Improved models may also be possible for the Canadian CD's. The more aggressive province/state models outperformed individual CD/CRD models. This result was expected partly because acreage statistics are based on sampling procedures, and the sampling precision declines from the province/state to the CD/CRD level. Declining sampling precision and the need to substitute province/state data for the CD/CRD data introduced measurement error into the CD/CRD models.
Essays on medical care using Semiparametric and structural econometrics
Kowalski, Amanda
2008-01-01
This dissertation consists of an empirical chapter, an econometrics chapter, and a theoretical chapter, all of which advance the study of the price elasticity of expenditure on medical care. In Chapter 1, I estimate the ...
A Spatial Econometric Approach to Measuring Pollution Externalities: An Application to Ozone Smog
Lin, C.-Y. Cynthia
A Spatial Econometric Approach to Measuring Pollution Externalities: An Application to Ozone Smog C.-Y. Cynthia Lin University of California at Davis USA Abstract. This paper uses spatial econometrics
1 Introduction The hedonic housing price model is a powerful econometric tool for capturing
Wei, Yehua Dennis
1 Introduction The hedonic housing price model is a powerful econometric tool for capturing to the advancement in spatial statistics and spatial econometrics (eg Anselin, 1988; Cliff and Ord, 1981; Griffith
Journal of Econometrics 108 (2002) 281316 www.elsevier.com/locate/econbase
Wolfe, Patrick J.
2002-01-01
Journal of Econometrics 108 (2002) 281316 www.elsevier.com/locate/econbase Markov chain Monte-4076(01)00137-3 #12;282 S. Chib et al. / Journal of Econometrics 108 (2002) 281316 the related literature
Journal of Econometrics 107 (2002) 235257 www.elsevier.com/locate/econbase
LaFrance, Jeffrey T.
2002-01-01
Journal of Econometrics 107 (2002) 235257 www.elsevier.com/locate/econbase Information theoretic.T. LaFrance et al. / Journal of Econometrics 107 (2002) 235257 expenditure system (QES). These methods
Econometrica, Vol. 72, No. 3 (May, 2004), 885925 ECONOMETRIC ANALYSIS OF REALIZED COVARIATION: HIGH
Wolfe, Patrick J.
Econometrica, Vol. 72, No. 3 (May, 2004), 885925 ECONOMETRIC ANALYSIS OF REALIZED COVARIATION by the UK's ESRC through the grant "High Frequency Financial Econometrics Based upon Power Variation." All
The Econometrics of High Frequency Data Per A. Mykland and Lan Zhang
Mykland, Per A.
The Econometrics of High Frequency Data Per A. Mykland and Lan Zhang This version: 31 August, 2010 (1994) and Jacod and Protter (1998), and on the econometric side by Foster and Nelson (1996) and Comte
Econometrics of testing for jumps in financial economics using bipower variation
Wolfe, Patrick J.
Econometrics of testing for jumps in financial economics using bipower variation Ole E. Barndorff management and asset allocation. A stream of recent papers in financial econometrics has addressed this issue of quadratic variation to the increments of the risk premium. The re- cent econometric work on this topic
The Econometrics of High Frequency Data Per A. Mykland and Lan Zhang
Mykland, Per A.
The Econometrics of High Frequency Data Per A. Mykland and Lan Zhang This version: February 12 Econometrics of High Frequency Data 1 1 Introduction 1.1 Overview This is a course on estimation in high frequency data. It is intended for an audience that includes people interested in finance, econometrics
Vine Copulas as a Way to Describe and Analyze Multi-Variate Dependence in Econometrics
Kreinovich, Vladik
Vine Copulas as a Way to Describe and Analyze Multi-Variate Dependence in Econometrics and analyzing multi-variate dependence in econometrics; see, e.g., [13, 7, 911, 13, 14, 21]. Our experience problems of econometrics, there is still a lot of confusion and misunderstanding related to vine copulas
Advanced Econometrics (26:223:655:01) Fall 2012 Professor Robert H. Patrick
Lin, Xiaodong
Advanced Econometrics (26:223:655:01) Fall 2012 Professor Robert H. Patrick Department of Finance of the material covered in Econometrics (26:223:554). The purpose of this course is to develop advanced econometric estimation and hypothesis testing tools to analyze and interpret the empirical relevance
Journal of Econometrics 120 (2004) 207234 www.elsevier.com/locate/econbase
Newcastle upon Tyne, University of
2004-01-01
Journal of Econometrics 120 (2004) 207234 www.elsevier.com/locate/econbase Alternative sampling methods for estimating multivariate normal probabilities Zsolt SÃandora; , PÃeter AndrÃasb aEconometric-dimensional integrals has received much attention in the recent econometric literature, especially applied to integrals
Wolfe, Patrick J.
1999-01-01
Econometrics Journal (1999), volume 2, pp. 107Ð160. Statistical algorithms for models in state of Econometrics, Free University, NL-1081 HV Amsterdam, The Netherlands E-mail: s.j.koopman@econ.vu.nl 2Nuf Gaussian models relevant to many areas of econometrics and statistics. Some Gaussian illustrations
Journal of Econometrics 148 (2009) 162178 Contents lists available at ScienceDirect
Kahana, Michael J.
2009-01-01
Journal of Econometrics 148 (2009) 162178 Contents lists available at ScienceDirect Journal of Econometrics journal homepage: www.elsevier.com/locate/jeconom Predictable returns and asset allocation: Should at the 2005 CIRANO-CIREQ Financial Econometrics Conference, the 2006 AFA meetings, the 2006 SED meetings
A GIS-Assisted Rail Construction Econometric Model that Incorporates LlDAR Data
Hodgson, Michael E.
A GIS-Assisted Rail Construction Econometric Model that Incorporates LlDAR Data David J. Cowen employed a raster GIS econometric routing model for the exploration of potential routes using construction in the grid-based econometric model was obtained from Light Detection and Ranging (LIDAR)data with accurate 0
Journal of Econometrics 162 (2011) 225239 Contents lists available at ScienceDirect
Zhao, Zhibiao
2011-01-01
Journal of Econometrics 162 (2011) 225239 Contents lists available at ScienceDirect Journal of Econometrics journal homepage: www.elsevier.com/locate/jeconom Nonparametric model validations for hidden Markov models with applications in financial econometrics Zhibiao Zhao Department of Statistics, Penn
Journal of Econometrics 113 (2003) 3348 www.elsevier.com/locate/econbase
Spirtes, Peter
2003-01-01
Journal of Econometrics 113 (2003) 3348 www.elsevier.com/locate/econbase Expert statistical-4076(02)00165-3 #12;34 S.E. Fienberg et al. / Journal of Econometrics 113 (2003) 3348 scientiÿc research data- tative strategies used by econometric, epidemiological and statistical expert witnesses to establish
An Econometric Study Of Vine Copulas D. Guganand P.A. Maugis
Paris-Sud XI, Université de
An Econometric Study Of Vine Copulas D. Guéganand P.A. Maugis PSE, Université Paris 1 Panthéon. Both results are crucial to motivate any econometrical work based on vine copulas. We provide used in econometrics and finance. They became an essential tool for pricing complex products, managing
Journal of Econometrics 39 (1988) 175-198. North-Holland LATENT VARIABLES, CAUSAL MODELS AND
Spirtes, Peter
1988-01-01
Journal of Econometrics 39 (1988) 175-198. North-Holland LATENT VARIABLES, CAUSAL MODELS in econometrics. When, for example, a study of the British economy neglects variables that were unmeasured should not appear as latent in econometric models of the British case [see Klein (1961) for an example
Nagurney, Anna
in Statistics, Econometrics and Finance Dept. of Economics, Justus-Liebig-University, Giessen, Germany Dept. of Econometrics, Université de Genève, Switzerland Risk Analytics & Instruments, Deutsche Bank AG, Frankfurt. of Economics, Klagenfurt University, Austria Dept. of Econometrics, University of Lodz, Poland 12
Growth and Technological Leadership in US Industries: A Spatial Econometric Analysis at the State, industry level, technological leadership, spatial econometrics JEL codes: C21, I23, O33, R12 Copyright 2007 spatial econometric techniques, and focus on capturing the geographical dimension of growth
Heavy subsidization reduces free-ridership: Evidence from an econometric study of the
Paris-Sud XI, Université de
No 50-2013 Heavy subsidization reduces free-ridership: Evidence from an econometric study subsidization reduces free-ridership: Evidence from an econometric study of the French dwelling insulation tax credit Abstract This econometric study assesses the efficiency of the tax credit implemented in France
ECONOMICS 220-507: ECONOMETRICS I Dr. Kusum Mundra Rutgers University, Newark
Lin, Xiaodong
1 ECONOMICS 220-507: ECONOMETRICS I Dr. Kusum Mundra Rutgers University, Newark Lectures: Th: 5 by appointment Phone: 973-353-5350 Email: kmundra@andromeda.rutgers.edu Aim Econometrics, literally "economic presents topics in econometrics including a review of the classical linear regression model and some
Paris-Sud XI, Université de
A -moment approach to monotonic boundaries estimation: with applications in econometric and nuclear application concerns frontier estimation in econometrics : the data typically consist of input factors Xi R of outputs y. Econometric considerations lead to the natural assumption that the cost function is isotonic
Advanced Econometrics (26:223:655:01) Fall 2013 Professor Robert H. Patrick
Lin, Xiaodong
Advanced Econometrics (26:223:655:01) Fall 2013 Professor Robert H. Patrick Department of Finance://www.rci.rutgers.edu/~rpatrick/hp.html This course is a continuation and generalization of the material covered in Econometrics (26:223:554). The purpose of this course is to develop advanced econometric estimation and hypothesis testing tools
The determinants for labour contract length A French micro-econometric study
Paris-Sud XI, Université de
1 The determinants for labour contract length A French micro-econometric study Mohamed Ali BEN for contract duration by means of econometric duration models. The estimates are carried out from French data (TDE). An econometric treatment of the endogeneity of the labour contract status and unobservable
ECON 466 -INTRODUCTION TO ECONOMETRICS Instructor: Kai Sun Class Room: Engineering Building N25
Suzuki, Masatsugu
ECON 466 - INTRODUCTION TO ECONOMETRICS Fall 2010 Instructor: Kai Sun Class Room: Engineering web page: blackboard.binghamton.edu (log in and select Intro To Econometrics-FALL10) TA: TBA, Introductory Econometrics: A Modern Approach, 4th edition, South-Western, 2008. Prerequisites: Grades of C
Nesterov, Yurii
Center for Operations Research and Econometrics (CORE) Institut de statistique, biostatistique et sciences actuarielles (ISBA) Vacancy PhD positions in statistics, econometrics and actuarial catholique de Louvain opens up to four PhD positions in statistics, econometrics or actuarial sciences
Wolfe, Patrick J.
Impact of jumps on returns and realised variances: econometric analysis of time-deformed L In order to assess the effect of jumps on realised variance calculations, we study some of the econometric econometric work on realised variance. Keywords: Kalman filter, L´evy process, Long-memory, Quasi
Simulation based Bayesian econometric inference: principles and some recent computational advances
Nesterov, Yurii
2007/15 Simulation based Bayesian econometric inference: principles and some recent computational/15 Simulation based Bayesian econometric inference: principles and some recent computational advances Lennart F aspects of simulation based Bayesian econometric inference. We start at an elementary level on basic
Klemelä, Jussi
of Econometrics) Laajuus: 6 op / 28 tuntia luentoja, 14 tuntia laskuharjoituksia Opetuskieli: Suomi. Ajoitus. Yhteydet muihin opintoihin: ei ole Oppimateriaali: J. M. Wooldridge: Econometric Analysis of Cross Section and Panel Data (The MIT Press), William H. Greene: Econometric Analysis (Prentice Hall) Suoritustavat
WORKING PAPER N 2008 -64 The econometrics of auctions with asymmetric
Paris-Sud XI, Université de
WORKING PAPER N° 2008 - 64 The econometrics of auctions with asymmetric anonymous bidders Laurent NORMALE SUPÉRIEURE halshs-00586039,version1-14Apr2011 #12;The Econometrics of Auctions with Asymmetric Perrigne, Quang Vuong, Frank Wolak and seminar participants at Stanford Econometric Seminar, at Stanford
Econometric Feedback for Runtime Risk Management in VoIP Architectures
Paris-Sud XI, Université de
Econometric Feedback for Runtime Risk Management in VoIP Architectures Oussema Dabbebi, R at automatically adapting these parameters based on an econometric feedback mechanism. We mathematically describe the configuration of such risk models, by refining at runtime the model parameters based on an econometric feedback
Financial Econometrics (29:390:300:50) Fall 2008 Professor Robert H. Patrick
Lin, Xiaodong
1 Financial Econometrics (29:390:300:50) Fall 2008 Professor Robert H. Patrick Department requirement for students that have not taken Introduction to Econometrics already. Students who are double majors in Finance and Economics can take Introduction to Econometrics (220:322). References Course
Variation, jumps, market frictions and high frequency data in financial econometrics
Wolfe, Patrick J.
Variation, jumps, market frictions and high frequency data in financial econometrics Ole E the econometrics of non-parametric estimation of the components of the variation of asset prices. This very active and order books. In our view the interaction of the new data sources with new econometric methodology
The Econometrics of High Frequency Per. A. Mykland and Lan Zhang
Mykland, Per A.
CHAPTER 2 The Econometrics of High Frequency Data Per. A. Mykland and Lan Zhang Department that includes people interested in finance, econometrics, statistics, probability and financial engineering particularly active, with contributions including 109 #12;110 THE ECONOMETRICS OF HIGH FREQUENCY DATA Andersen
Causality in Economics and Econometrics An Entry for the New Palgrave Dictionary of Economics
Fitelson, Branden
Causality in Economics and Econometrics An Entry for the New Palgrave Dictionary of Economics Kevin;Causality in Economics and Econometrics K.D. Hoover 9 June 2006 Abstract of Causality in Economics and Econometrics An entry for the New Palgrave Dictionary of Economics. Traces the history of causality
Econometrics (26:223:554:01) Fall 2002 Professor Robert H. Patrick
Lin, Xiaodong
Econometrics (26:223:554:01) Fall 2002 Professor Robert H. Patrick Department of Finance and Economics Rutgers Business School - Newark and New Brunswick Econometrics will meet Thursdays, 10 AM-12:50 P econometric estimation and hypothesis testing tools necessary to analyze and interpret the empirical relevance
An Econometric Model of the U.S. Wine Industry.
Wohlgenant, Michael K.
1985-01-01
2 3 7 9 10 13 14 19 20 22 23 29 37 38 Keywords: econometric/wine industry/grapes/raisin/table grapes/wine grapes/supply/demand. AN ECONOMETRIC MODEL OF THE U.S. WINE INDUSTRY MICHAEL K. WOHLGENANT *Associate professor, Department.... It is important for the public to recognize ', that a wine variety of factors influence the markets for wine and grapes, and that a knowledge of these factors can be important to ascertain ing future trends in the industry. The purpose of this publication...
Econometrics (26:223:554:01) Fall 2000 Meets Thursdays, 10 AM-12:50 PM, Eng. 213, Newark Campus
Lin, Xiaodong
Econometrics (26:223:554:01) Fall 2000 Meets Thursdays, 10 AM-12:50 PM, Eng. 213, Newark Campus://www.rci.rutgers.edu/~rpatrick/hp.html The purpose of this course is to develop basic econometric estimation and hypothesis testing tools necessary on the theoretical foundations of econometric analysis and strategies for applying these basic econometric methods
Shao, Xiaofeng
Econometric Theory, 25, 2009, 14471448. Printed in the United States of America. doi:10.1017/S0266466609990028 THE 20062008 TJALLING C. KOOPMANS ECONOMETRIC THEORY PRIZE Wei Biao Wu Xiaofeng Shao Econometric Theory is proud to announce the winning article for The Tjalling C. Koopmans Econometric Theory Prize
Parametric and nonparametric models and methods in financial econometrics
Zhibiao Zhao
2008-01-01
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
Evaluating the Econometric Evaluations of Training Programs with Experimental Data
Robert J LaLonde
1986-01-01
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
Long memory processes and fractional integration in econometrics
Richard T. Baillie
1996-01-01
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
Economic Development and Environmental Quality: An Econometric Analysis
Nemat Shafik
1994-01-01
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
Central Bank Financial Strength and Policy Performance: An Econometric Evaluation
Ulrich H. Klueh; Peter Stella
2008-01-01
The financial health of central banks and its relation to policy outcomes has recently been recognized as an important policy issue. While case study evidence clearly indicates that weak central bank finances can hamper effective policy implementation, the question of whether central bank financial strength influences policy performance remains controversial. This is due, in part, to a lack of econometric
The Status of Econometrics in the Economics Major: A Survey
ERIC Educational Resources Information Center
Johnson, Bruce K.; Perry, John J.; Petkus, Marie
2012-01-01
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…
Does OPEC Matter? An Econometric Analysis of Oil Prices
Robert K. Kaufmann; Stephane Dees; Pavlos Karadeloglou; Marcelo Sánchez
2004-01-01
We assess claims that OPEC's ability to influence real oil prices has diminished and that the relationship between real oil prices and OPEC production can be used to test competing hypotheses about OPEC behavior An econometric analysis indicates that there is a statistically significant relationship among real oil prices, OPEC capacity utilization, OPEC quotas, the degree to which OPEC exceeds
Estimation and Inference in Two-Step Econometric Models
Kevin M. Murphy; Robert H. Topel
1985-01-01
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
Econometric model for age- and population-dependent radiation exposures
Sandquist, G.M.; Slaughter, D.M. (Univ. of Utah, Salt Lake City (United States)); Rogers, V.C.
1991-01-01
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.
Robbiano, Lorenzo
Fifth Italian Congress of Econometrics and Empirical Economics (ICEEE 2013) January 16-18, 2013 Econometria (SIdE, anche Italian Econometric Association). Oggi in particolare si vive un tempo di diffusa
Journal of Econometrics 112 (2003) 135151 www.elsevier.com/locate/econbase
Dominici, Francesca
2003-01-01
Journal of Econometrics 112 (2003) 135151 www.elsevier.com/locate/econbase Disease cases-4076(02)00157-4 #12;136 E. Johnson et al. / Journal of Econometrics 112 (2003) 135151 of Health and Human Services
Spatial econometrics functions in R: Classes and methods
NASA Astrophysics Data System (ADS)
Bivand, Roger
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.
FISCAL FORESIGHT: ANALYTICS AND ECONOMETRICS ERIC M. LEEPER, TODD B. WALKER, AND SHU-CHUN SUSAN YANG
Hickman, Mark
FISCAL FORESIGHT: ANALYTICS AND ECONOMETRICS ERIC M. LEEPER, TODD B. WALKER, AND SHU-CHUN SUSAN policy process. This paper develops an analytical framework to study the econometric implications from statistical innovations in conventional ways. Econometric analyses that fail to align agents
Paris-Sud XI, Université de
Econometric and Neural Network Analysis of the Labor Productivity and Average Gross Earnings and models that were used consist of several lag econometric models, ARIMA processes, as well as feed forward AGEI and LPI. Key-Words: - labor productivity, econometric model, ARIMA, VAR, neural network, forecast
Lin, Xiaodong
Advanced Econometrics (26:223:655:01) Spring 2003 Meets Wednesdays, 1-3:50 PM, Global Financial of the material covered in Econometrics (26:223:554). The purpose of this course is to develop advanced econometric estimation and hypothesis testing tools to analyze and interpret the empirical relevance
Fernandez, Thomas
Towards an Agent-Based Foundation of Financial Econometrics: An Approach Based on Genetic-mail: g7258502@grad.cc.nccu.edu.tw Taipei, Taiwan 11623 Abstract Using a few nonlinear econometric tools econometrics. In partic- ular, the time series generated by the GP- based arti#12;cial markets are consistent
Saunders, Mark
Econometrics of Models with Strategic Interaction Presenter: Elie Tamer (Northwestern) Fee: HE of the econometrics questions that arise when analyzing models with multiple decision makers interacting a set of econometric theorists, applied economists and economic theorists that will share their views
Neirotti, Juan Pablo
Approved Module Information for BS3336, 2014/5 Module Title/Name: Applied Econometrics Introduction to Econometrics I AND BS2248 Introduction to Econometrics II Available to Exchange Students students undertake and advances their knowledge and skills to the methods of econometric and time
Computationally intensive econometrics using a distributed matrix-programming language.
Doornik, Jurgen A; Hendry, David F; Shephard, Neil
2002-06-15
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
Econometrics of exhaustible resource supply: a theory and an application
Epple, D.
1983-01-01
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.
Analytical-numerical solution of a nonlinear integrodifferential equation in econometrics
NASA Astrophysics Data System (ADS)
Kakhktsyan, V. M.; Khachatryan, A. Kh.
2013-07-01
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.
A note on the proper econometric specification of the gravity equation
Peter Egger
2000-01-01
This paper sheds some light on the problems associated with random effects gravity approaches. Arguments for the superiority of a fixed effects model are given both along intuitive and econometric lines based on a Hausman test.
Econometric Methods to Analyze Consumer Behavior Using Hypothetical and Non-hypothetical Approaches
Collart Dinarte, Alba Jeanette
2013-11-22
econometric models for categorical and limited dependent variables, linear and non-linear random parameters models, and Latent Class Analysis (LCA). The first essay evaluates the effectiveness of a point-of-purchase advertising program conducted for two...
Kim, Jin
2005-02-17
DETERMINING TRANSIT IMPACT ON SEOUL OFFICE RENT AND LAND VALUE: AN APPLICATION OF SPATIAL ECONOMETRICS A Dissertation by JIN KIM Submitted to the Office of Graduate Studies of Texas A&M University in partial fulfillment... of the requirements for the degree of DOCTOR OF PHILOSOPHY December 2004 Major Subject: Urban and Regional Science DETERMINING TRANSIT IMPACT ON SEOUL OFFICE RENT AND LAND VALUE: AN APPLICATION OF SPATIAL ECONOMETRICS A Dissertation by JIN KIM...
Empirical spatial econometric modelling of small scale neighbourhood
NASA Astrophysics Data System (ADS)
Gerkman, Linda
2012-07-01
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.
Forecasting space weather: Can new econometric methods improve accuracy?
NASA Astrophysics Data System (ADS)
Reikard, Gordon
2011-06-01
Space weather forecasts are currently used in areas ranging from navigation and communication to electric power system operations. The relevant forecast horizons can range from as little as 24 h to several days. This paper analyzes the predictability of two major space weather measures using new time series methods, many of them derived from econometrics. The data sets are the A p geomagnetic index and the solar radio flux at 10.7 cm. The methods tested include nonlinear regressions, neural networks, frequency domain algorithms, GARCH models (which utilize the residual variance), state transition models, and models that combine elements of several techniques. While combined models are complex, they can be programmed using modern statistical software. The data frequency is daily, and forecasting experiments are run over horizons ranging from 1 to 7 days. Two major conclusions stand out. First, the frequency domain method forecasts the A p index more accurately than any time domain model, including both regressions and neural networks. This finding is very robust, and holds for all forecast horizons. Combining the frequency domain method with other techniques yields a further small improvement in accuracy. Second, the neural network forecasts the solar flux more accurately than any other method, although at short horizons (2 days or less) the regression and net yield similar results. The neural net does best when it includes measures of the long-term component in the data.
Marzban, Caren
Stat 509/CSSS 509/Econ 580: Intro to Mathematical Statistics: Econometrics This is a FLUID syllabus things change. Look for colors . Text: A Course in Econometrics, by Arthur S. Goldberger. Probability
Vassilios A. Profillidis; George N. Botzoris
2007-01-01
The paper attempts to evaluate how the fuzzy method can improve the range of forecast achieved by classic econometric and time-series models. Based on a survey of factors affecting rail passenger demand and using data of rail passenger demand of Greek Railways, the parameters affecting demand are identified with the use of the appropriate statistical testes. Using these parameters, econometric,
Vicky Bamiatzi; Konstantinos Bozos; Konstantinos Nikolopoulos
2010-01-01
This article examines the predictive accuracy of simple time-series and econometric models on forecasting firm performance in terms of sales turnover. Evidence from Small and Medium sized Enterprises (SMEs) in the United Kingdom are presented. The study identifies operational rules under which the class of simple econometric regression models is more accurate than simple time-series forecasting alternatives, thus more appropriate
Lin, Xiaodong
Advanced Econometrics (26:223:655:01) Fall 2010 Class meets Thursday 11:30-2:20 PM, 1 Washington://www.rci.rutgers.edu/~rpatrick/hp.html This course is a continuation and generalization of the material covered in Econometrics (26:223:554). The purpose of this course is to develop advanced econometric estimation and hypothesis testing tools
Lin, Xiaodong
Advanced Econometrics (26:223:655:01) Spring 2008 Meets Tuesdays, 2:30-5:20 PM, GFMC (Ackerson Hall and generalization of the material covered in Econometrics (26:223:554). The purpose of this course is to develop advanced econometric estimation and hypothesis testing tools to analyze and interpret the empirical
Neirotti, Juan Pablo
Approved Module Information for BS2247, 2014/5 Module Title/Name: Introduction to Econometrics 1 aims to provide the students with the most basic and important Econometrics knowledge, including simple and multiple linear regressions, and prepare them for BS2248 Introduction to Econometrics II. Pre
Chaudhuri, Sanjay
RMI Pedagogical Research Lectures Ruey S. Tsay is H.G.B. Alexander Professor of Econometrics research interest is in financial econometrics, forecasting, time-series analysis and Bayesian inference-editor of the Probability and Statistics Book Series of Wiley. Professor Tsay published widely in leading econometric
Neirotti, Juan Pablo
Approved Module Information for BS2248, 2014/5 Module Title/Name: Introduction to Econometrics 2 Dependancies Pre-requisites: Introduction to Econometrics 1 (BS2247). Co-requisites: None Specified Module Learning Information Module Aims: To introduce the fundamental econometric theories and techniques
Lin, Xiaodong
Advanced Econometrics (26:223:655:01) Fall 2009 Class meets Thursday 1:00-3:40 PM, 1 Washington://www.rci.rutgers.edu/~rpatrick/hp.html This course is a continuation and generalization of the material covered in Econometrics (26:223:554). The purpose of this course is to develop advanced econometric estimation and hypothesis testing tools
Econometric analysis of residential demand for fuelwood in the United States, 1980-1981
I. W. Hardie; A. A. Hanssan
1986-01-01
This paper presents an econometric study of residential fuelwood demand in the United States. It is based on a residential energy consumption survey conducted by the U.S. Department of Energy in 1980-1981. Estimates are derived of the probability that a particular household will burn wood and of the wood that will be burned. Aggregate fuelwood demand is predicted for five
An econometric analysis of the demand for private health insurance in England and Wales
Carol Propper
1989-01-01
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
An econometric model of health care utilization and health insurance in Switzerland
Alberto Holly; Lucien Gardiol; Gianfranco Domenighetti; Brigitte Bisig
1998-01-01
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
An econometric model of serial correlation and illiquidity in hedge fund returns
Mila Getmansky; Andrew W. Lo; Igor Makarov
2004-01-01
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.
Structural econometric approach to bidding in the main refinancing operations of the Eurosystem
Nuno Cassola; Christian Ewerhart; Claudio Morana
2007-01-01
This paper contributes to the existing literature on central bank repo auctions. It is based on a structural econometric approach, whereby the primitives of bidding behavior (individual bid schedules and bid-shading components) are directly estimated. With the estimated parameters we calibrate a theoretical model in order to illustrate some comparative static results. Overall the results suggest that strategic and optimal
Empiricism in Ecological Economics: Can There be a Predictive Ecological Econometrics?
Jesús Ramos-Martín; John Proops
Economies are open complex adaptive systems far from thermodynamic equilibrium, and neo-classical environmental economics is not the best way to describe the behaviour of such systems. Standard econometric analysis takes a deterministic and predictive approach, which encourages the search for predictive policy to 'correct' environmental problems. Rather, it seems to us that, because of the characteristics of economic systems, an
Investigating the Role of Real Divisia Money in Persistence-Robust Econometric Models
Paris-Sud XI, UniversitÃ© de
Investigating the Role of Real Divisia Money in Persistence-Robust Econometric Models Ryan S between real money and real activity. Whereas previous literature has mainly focused on simple, and using three diÂ¤erent measures of money (DM4, DM4- and DM3), the tests suggest a unidirectional causality
Human Resource Management Policies and Productivity: New Evidence from An Econometric Case Study
Derek C. Jones; Panu Kalmi; Antti Kauhanen
2006-01-01
First we distinguish various approaches used by economists to assess the impact of human resource management practices on productivity and then we briefly review and illustrate studies that represent different approaches. In the main part of the paper we illustrate the econometric case study method, by using new data to analyse a case from retail trade and by emulating an
An Econometrics Analysis of Freight Rail Demand Growth in Albert Wijeweera a, *
1 An Econometrics Analysis of Freight Rail Demand Growth in Australia Albert Wijeweera a, * , Hong has a substantial impact on freight rail demand within Australia. To illustrate, a 1 per cent depreciation of the dollar increase the growth rate of non-bulk freight rail demand approximately by a quarter
Econometric Methods for Causal Evaluation of Education Policies and Practices: A Non-Technical Guide
ERIC Educational Resources Information Center
Schlotter, Martin; Schwerdt, Guido; Woessmann, Ludger
2011-01-01
Education policy-makers and practitioners want to know which policies and practices can best achieve their goals. But research that can inform evidence-based policy often requires complex methods to distinguish causation from accidental association. Avoiding econometric jargon and technical detail, this paper explains the main idea and intuition…
ERIC Educational Resources Information Center
Sutton, Farah
2012-01-01
This study examines the spatial distribution of educational attainment and then builds upon current predictive frameworks for understanding patterns of educational attainment by applying a spatial econometric method of analysis. The research from this study enables a new approach to the policy discussion on how to improve educational attainment…
The Anatomy of a Likely Donor: Econometric Evidence on Philanthropy to Higher Education
ERIC Educational Resources Information Center
Lara, Christen; Johnson, Daniel
2014-01-01
In 2011, philanthropic giving to higher education institutions totaled $30.3 billion, an 8.2% increase over the previous year. Roughly, 26% of those funds came from alumni donations. This article builds upon existing economic models to create an econometric model to explain and predict the pattern of alumni giving. We test the model using data…
Econometric Methods for Research in Education. NBER Working Paper No. 16003
ERIC Educational Resources Information Center
Meghir, Costas; Rivkin, Steven G.
2010-01-01
This paper reviews some of the econometric methods that have been used in the economics of education. The focus is on understanding how the assumptions made to justify and implement such methods relate to the underlying economic model and the interpretation of the results. We start by considering the estimation of the returns to education both…
NASA Astrophysics Data System (ADS)
Anselin, Luc
Some ideas are formulated on the challenges presented to GIS, spatial analysis and spatial econometrics that result from recent trends in social science research. These new developments are characterized by a focus on the geography of phenomena. Particular emphasis is placed on the need to extend concepts of space, to broaden the analytical toolbox and to develop software and advance education.
Towards Predicting Neural Net Control of Macro-Econometric Multi-Compartment Models
Behnke, Sven
Towards Predicting Neural Net Control of Macro-Econometric Multi-Compartment Models Jurgen A between multiple countries, or control of dynamic system be- haviour with regard to predicting proper markets by using neural networks to predict several stock indices, but the re- sults were still
Angrist, Joshua
2010-01-01
Just over a quarter century ago, Edward Leamer (1983) reflected on the state of empirical work in economics. He urged empirical researchers to “take the con out of econometrics” and memorably observed (p. 37): “Hardly ...
Sun, Aoran Alex
2012-01-01
Inspired by Singapore's recent effort in building its new skyline in Maria Bay, the thesis intends to employ econometric structural modeling techniques to Singapore's office market for the period from 1975 to 2011. Using ...
Tucker, James Leroy
1981-01-01
THE EUROPEAN COMMUNITY FEED GRAIN SUBSTITUTE PROBLEM: AN ECONOMETRIC ANALYSIS OP IMPORT DEMAND FOR FEEDSTUFPS IN THE EUROPEAN COMMUNITY A Thesis JAMES LEROY TUCEER, II Submitted to the Graduate College of Texas ASM University in partial... fulfillment of the requirement for the degree of MASTER OF SCIENCE August 1981 Major Subject: Agricultural Economics THE EUROPEAN COMMUNITY FEED GRAIN SUBSTITUTE PROBLEM: AN ECONOMETRIC ANALYSIS OF IMPORT DEMAND FOR FEEDSTUFFS IN THE EUROPEAN COMMUNITY A...
Nieves, L.A.; Moe, R.J.
1984-12-01
Five models were developed to forecast future Chesapeake seafood product prices, harvest quantities, and resulting income. Annual econometric models are documented for oysters, hard and soft blue crabs, and hard and soft clams. To the degree that data permit, these models represent demand and supply at the retail, wholesale, and harvest levels. The resulting models have broad applications in environmental policy issues and regulatory analyses for the Chesapeake Bay. 37 references, 10 figures, 99 tables.
Much ado about two: reconsidering retransformation and the two-part model in health econometrics
John Mullahy
1998-01-01
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
An Econometric Model of the Term Structure of Interest-Rate Swap Yields
Darrell Duffie; Kenneth J Singleton
1997-01-01
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
Econometric comparisons of liquid rocket engines for dual-fuel advanced earth-to-orbit shuttles
NASA Technical Reports Server (NTRS)
Martin, J. A.
1978-01-01
Econometric analyses of advanced Earth-to-orbit vehicles indicate that there are economic benefits from development of new vehicles beyond the space shuttle as traffic increases. Vehicle studies indicate the advantage of the dual-fuel propulsion in single-stage vehicles. This paper shows the economic effect of incorporating dual-fuel propulsion in advanced vehicles. Several dual-fuel propulsion systems are compared to a baseline hydrogen and oxygen system.
S. Tsolakis
2005-01-01
This thesis provides an econometric analysis of the bulk shipping markets and the implications for shipping investment and financial decision making. \\u000aChapter 1 sets the scene by providing a historic analysis of bulk shipping markets over the last 55 years. From this analysis, four shipping markets (freight, newbuilding, second-hand and demolition) are distinguished as well as a fifth one (ship
The Effect of Internet on Service Industry Growth and Its Spillovers: Spatial Econometrics Evidence
WU Yu-ming; LI Jian-xia; ZHOU Li
2009-01-01
Abstract-The aim of this work,is to investigate how,Internet affects regional service industry and examine,the influence of spatial effects ofthe,interregion. We apply ,methods ,of spatial ,econometrics ,to examine,the effect of Internet on service ,industry growth ,and ,its spatial spillovers between ,provinces. Using cross-province data for 2006, the empirical results indicate that the Internet improves the service industry growth, and spatial spillovers
Land-use change and carbon sinks: Econometric estimation of the carbon sequestration supply function
Lubowski, Ruben N.; Plantinga, Andrew J.; Stavins, Robert N.
2001-01-01
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.
NASA Astrophysics Data System (ADS)
Tsutsumi, Morito; Seya, Hajime
2009-12-01
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.
Lin, Xiaodong
Econometrics (26:223:554:01) Spring 2011 Thursdays, 10:00 AM-12:50 P.M., 1 Washington Park 512://www.rci.rutgers.edu/~rpatrick/hp.html This is the first of two required econometrics courses for Ph.D. students in Finance and Economics. The purpose of this course is to develop basic econometric estimation and hypothesis testing tools necessary to analyze
Lin, Xiaodong
Econometrics (26:223:554:01) Spring 2012 Thursdays, 10:00 AM-12:50 P.M., 1 Washington Park 512://www.rci.rutgers.edu/~rpatrick/hp.html This is the first of two required econometrics courses for Ph.D. students in Finance and Economics. The purpose of this course is to develop basic econometric estimation and hypothesis testing tools necessary to analyze
Econometrics (26:223:554:01) Spring 2013 Thursdays, 10:00 AM-12:50 P.M., 1 Washington Park 512://www.rci.rutgers.edu/~rpatrick/hp.html This is the first of two required econometrics courses for Ph.D. students in Finance and Economics. The purpose of this course is to develop basic econometric estimation and hypothesis testing tools necessary to analyze
NASA Astrophysics Data System (ADS)
Schu, Kathryn L.
Economy-energy-environment models are the mainstay of economic assessments of policies to reduce carbon dioxide (CO2) emissions, yet their empirical basis is often criticized as being weak. This thesis addresses these limitations by constructing econometrically calibrated models in two policy areas. The first is a 35-sector computable general equilibrium (CGE) model of the U.S. economy which analyzes the uncertain impacts of CO2 emission abatement. Econometric modeling of sectors' nested constant elasticity of substitution (CES) cost functions based on a 45-year price-quantity dataset yields estimates of capital-labor-energy-material input substitution elasticities and biases of technical change that are incorporated into the CGE model. I use the estimated standard errors and variance-covariance matrices to construct the joint distribution of the parameters of the economy's supply side, which I sample to perform Monte Carlo baseline and counterfactual runs of the model. The resulting probabilistic abatement cost estimates highlight the importance of the uncertainty in baseline emissions growth. The second model is an equilibrium simulation of the market for new vehicles which I use to assess the response of vehicle prices, sales and mileage to CO2 taxes and increased corporate average fuel economy (CAFE) standards. I specify an econometric model of a representative consumer's vehicle preferences using a nested CES expenditure function which incorporates mileage and other characteristics in addition to prices, and develop a novel calibration algorithm to link this structure to vehicle model supplies by manufacturers engaged in Bertrand competition. CO2 taxes' effects on gasoline prices reduce vehicle sales and manufacturers' profits if vehicles' mileage is fixed, but these losses shrink once mileage can be adjusted. Accelerated CAFE standards induce manufacturers to pay fines for noncompliance rather than incur the higher costs of radical mileage improvements. Neither policy induces major increases in fuel economy.
Bartels, R.; Fiebig, D.G.; Plumb, M.H. [Univ. of Sydney (Australia)
1996-12-31
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.
Econometrics and data of the 9 sector Dynamic General Equilibrium Model. Volume III. Final report
Berndt, E.R.; Fraumeni, B.M.; Hudson, E.A.; Jorgenson, D.W.; Stoker, T.M.
1981-03-01
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).
A comparative analysis of errors in long-term econometric forecasts
Tepel, R.
1986-04-01
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.
Heckman, James; Pinto, Rodrigo
2015-01-01
This paper presents an econometric mediation analysis. It considers identification of production functions and the sources of output effects (treatment effects) from experimental interventions when some inputs are mismeasured and others are entirely omitted. JEL Code: D24, C21, C43, C38. PMID:25400327
L. M. Andrews; M. J. King; N. Leary; D. M. Perry; C. C. Snow
1986-01-01
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
ERIC Educational Resources Information Center
Arnold, Ivo J. M.; Rowaan, Wietske
2014-01-01
In this study, the authors investigate the relationships among gender, math skills, motivation, and study success in economics and econometrics. They find that female students have stronger intrinsic motivation, yet lower study confidence than their male counterparts. They also find weak evidence for a gender gap over the entire first-year…
Fisher, Anthony C.
The Impact of Global Warming on U.S. Agriculture: An Econometric Analysis of Optimal Growing to estimate the potential impacts on farmland values for a range of recent warming scenarios. The predictions A relationship between global warming and increased concentrations of greenhouse gases such as carbon dioxide (CO
Ando, A.; Beaumont, P.; Ando, M.
1987-01-01
A code for carrying out stochastic simulations of the MPS econometric model, a simultaneous, nonlinear, dynamic system of equations involving approximately 600 variables, was adapted to run on the CYBER 205 vector processor. The efficiency gained relative to performance on an IBM 3081-GX was significant: the CPU time required for a given simulation was reduced by a factor of 10 to 12. However, this is considerably smaller than the theoretical gain expected from the manufacturers's ratings. The basic causes of this smaller gain are the fairly small real memory of the CYBER 205 and the inefficiency of the CYBER 205 vector processor in performing elementary function look-up. The primitive nature of the operating system and some aspects of the FORTRAN compiler on the CYBER 205 required more reprogramming of the large code than such a conversion should demand. However, potential gains from such a conversion will be great once the deficiencies described above are eliminated.
Tahmasebi, Nima; Kebriaeezadeh, Abbas
2015-01-01
Prescribing behavior of physicians affected by many factors. The present study is aimed at discovering the simultaneous effects of the evaluated factors (including: price, promotion and demographic characteristics of physicians) and quantification of these effects. In order to estimate these effects, Fluvoxamine (an antidepressant drug) was selected and the model was figured out by panel data method in econometrics. We found that insurance and advertisement respectively are the most effective on increasing the frequency of prescribing, whilst negative correlation was observed between price and the frequency of prescribing a drug. Also brand type is more sensitive to negative effect of price than to generic. Furthermore, demand for a prescription drug is related with physician demographics (age and sex). According to the results of this study, pharmaceutical companies should pay more attention to the demographic characteristics of physicians (age and sex) and their advertisement and pricing strategies.
Al-Mutairi, N.H.; Eltony, M.N.
1995-12-31
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.
Cyberspace Security Econometrics System (CSES) - U.S. Copyright TXu 1-901-039
Abercrombie, Robert K [ORNL] [ORNL; Schlicher, Bob G [ORNL] [ORNL; Sheldon, Frederick T [ORNL] [ORNL; Lantz, Margaret W [ORNL] [ORNL; Hauser, Katie R [ORNL] [ORNL
2014-01-01
Information security continues to evolve in response to disruptive changes with a persistent focus on information-centric controls and a healthy debate about balancing endpoint and network protection, with a goal of improved enterprise/business risk management. Economic uncertainty, intensively collaborative styles of work, virtualization, increased outsourcing and ongoing compliance pressures require careful consideration and adaptation. The Cyberspace Security Econometrics System (CSES) provides a measure (i.e., a quantitative indication) of reliability, performance, and/or safety of a system that accounts for the criticality of each requirement as a function of one or more stakeholders interests in that requirement. For a given stakeholder, CSES accounts for the variance that may exist among the stakes one attaches to meeting each requirement. The basis, objectives and capabilities for the CSES including inputs/outputs as well as the structural and mathematical underpinnings contained in this copyright.
From Physics to Economics: An Econometric Example Using Maximum Relative Entropy
Giffin, Adom
2009-01-01
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.
An econometric model of the regulated emissions for fuel-efficient new vehicles
Khazzoom, J.D. [San Jose State Univ., CA (United States)] [San Jose State Univ., CA (United States)
1995-03-01
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.
Roper Stephen; Scott Jonathan M
2009-01-01
Although accessing finance is key to the foundation of any business, particular concerns have been expressed about the ability of UK women-owned firms to obtain external finance. In this paper we use an econometric approach to explore the effect of perceptions of financial barriers to start-up on the start-up decision itself. Our analysis is based on the Global Entrepreneurship Monitor
Darrell Bruce Sonntag; H. Oliver Gao; Britt A. Holmén
2007-01-01
The purpose of this econometric analysis is to model the concentration of particle number emissions from a hybrid diesel–electric bus in terms of operating characteristics. Particle number concentrations are modeled instead of particle mass, and the emissions are recorded by using on-board instrumentation in real-world driving conditions. The operating characteristics included in the final models are two engine parameters (fuel
Murthy, Vasudeva N R; Okunade, Albert A
2009-06-01
This paper, using cross-sectional data from 44 (83% of all) African countries for year 2001, presents econometric model estimates linking real per-capita health expenditure (HEXP) to a host of economic and non-economic factors. The empirical results of OLS and robust LAE estimators indicate that real per-capita GDP (PRGDP) and real per-capita foreign aid (FAID) resources are both core and statistically significant correlates of HEXP. Our empirical results suggest that health care in the African context is technically, a necessity rather than a luxury good (for the OECD countries). This suggests that the goal of health system in Africa is primarily 'physiological' or 'curative' rather than 'caring' or 'pampering'. The positive association of HEXP with FAID hints that external resource inflows targeting health could be instrumental for spurring economic progress in good policy environments. Most African countries until the late 1990s experienced economic and political instability, and faced stringent structural adjustment mandates of the major international financial institution lenders for economic development. Therefore, our finding a positive effect of FAID on HEXP could suggest that external resource inflows softened some of the macroeconomic fiscal deficit impacts on HEXP in the 2000s. Policy implications of country-specific elasticity estimates are given. PMID:19108929
2012-01-01
Background In spite of a detailed and nation-wide legislation frame, there exist large cantonal disparities in consumed quantities of health care services in Switzerland. In this study, the most important factors of influence causing these regional disparities are determined. The findings can also be productive for discussing the containment of health care consumption in other countries. Methods Based on the literature, relevant factors that cause geographic disparities of quantities and costs in western health care systems are identified. Using a selected set of these factors, individual panel econometric models are calculated to explain the variation of the utilization in each of the six largest health care service groups (general practitioners, specialist doctors, hospital inpatient, hospital outpatient, medication, and nursing homes) in Swiss mandatory health insurance (MHI). The main data source is 'Datenpool santésuisse', a database of Swiss health insurers. Results For all six health care service groups, significant factors influencing the utilization frequency over time and across cantons are found. A greater supply of service providers tends to have strong interrelations with per capita consumption of MHI services. On the demand side, older populations and higher population densities represent the clearest driving factors. Conclusions Strategies to contain consumption and costs in health care should include several elements. In the federalist Swiss system, the structure of regional health care supply seems to generate significant effects. However, the extent of driving factors on the demand side (e.g., social deprivation) or financing instruments (e.g., high deductibles) should also be considered. PMID:22413884
The Standard Model in the history of the Natural Sciences, Econometrics, and the social sciences
NASA Astrophysics Data System (ADS)
Fisher, W. P., Jr.
2010-07-01
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.
An Assessment of Japanese Carbon Tax Reform Using the E3MG Econometric Model
Lee, Soocheol; Pollitt, Hector; Ueta, Kazuhiro
2012-01-01
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
Does a hospital's quality depend on the quality of other hospitals? A spatial econometrics approach
Gravelle, Hugh; Santos, Rita; Siciliani, Luigi
2014-01-01
We examine whether a hospital's quality is affected by the quality provided by other hospitals in the same market. We first sketch a theoretical model with regulated prices and derive conditions on demand and cost functions which determine whether a hospital will increase its quality if its rivals increase their quality. We then apply spatial econometric methods to a sample of English hospitals in 2009–10 and a set of 16 quality measures including mortality rates, readmission, revision and redo rates, and three patient reported indicators, to examine the relationship between the quality of hospitals. We find that a hospital's quality is positively associated with the quality of its rivals for seven out of the sixteen quality measures. There are no statistically significant negative associations. In those cases where there is a significant positive association, an increase in rivals' quality by 10% increases a hospital's quality by 1.7% to 2.9%. The finding suggests that for some quality measures a policy which improves the quality in one hospital will have positive spillover effects on the quality in other hospitals.
Peer Influences on Drug Self-Administration: An Econometric Analysis in Socially Housed Rats
Peitz, Geoffrey W.; Strickland, Justin C.; Pitts, Elizabeth G.; Foley, Mark; Tonidandel, Scott; Smith, Mark A.
2013-01-01
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. PMID:23412112
Andrews, L.M.; King, M.J.; Leary, N.; Perry, D.M.; Snow, C.C.
1986-12-01
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.
Michael A. Dunn; Mark R. Dubois
An econometric analysis was conducted with the intent of discovering the relationship between contractual provisions, as specified in timber sale notices, with high bids received for those timber sales. Specifically, the goal of this study was to determine the relationship between high bids for timber tracts and certain contractual stipulations that have not previously been explored to any great extent
ERIC Educational Resources Information Center
Angrist, Joshua; Pischke, Jorn-Steffen
2010-01-01
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.…
NASA Astrophysics Data System (ADS)
Jiang, Lei; Ji, Minhe; Bai, Ling
2014-09-01
Coupled with intricate regional interactions, the provincial disparity of energy-resource endowment and other economic conditions in China have created spatially complex energy consumption patterns that require analyses beyond the traditional ones. To distill the spatial effect out of the resource and economic factors on China's energy consumption, this study recast the traditional econometric model in a spatial context. Several analytic steps were taken to reveal different aspects of the issue. Per capita energy consumption (AVEC) at the provincial level was first mapped to reveal spatial clusters of high energy consumption being located in either well developed or energy resourceful regions. This visual spatial autocorrelation pattern of AVEC was quantitatively tested to confirm its existence among Chinese provinces. A Moran scatterplot was employed to further display a relatively centralized trend occurring in those provinces that had parallel AVEC, revealing a spatial structure with attraction among high-high or low-low regions and repellency among high-low or low-high regions. By a comparison between the ordinary least square (OLS) model and its spatial econometric counterparts, a spatial error model (SEM) was selected to analyze the impact of major economic determinants on AVEC. While the analytic results revealed a significant positive correlation between AVEC and economic development, other determinants showed some intricate influential patterns. The provinces endowed with rich energy reserves were inclined to consume much more energy than those otherwise, whereas changing the economic structure by increasing the proportion of secondary and tertiary industries also tended to consume more energy. Both situations seem to underpin the fact that these provinces were largely trapped in the economies that were supported by technologies of low energy efficiency during the period, while other parts of the country were rapidly modernized by adopting advanced technologies and more efficient industries. On the other hand, institutional change (i.e., marketization) and innovation (i.e., technological progress) exerted positive impacts on AVEC improvement, as always expected in this and other studies. Finally, the model comparison indicated that SEM was capable of separating spatial effect from the error term of OLS, so as to improve goodness-of-fit and the significance level of individual determinants.
Effects of the R and D tax credit on energy R and D expenditures: an econometric analysis
Moe, R.J.; Kee, J.R.; Lackey, K.C.; Cronin, F.J.
1985-02-01
Objective of the study was to estimate the effects on industrial energy research and development (R and D) expenditures of the R and D Tax Credit component of the Economic Recovery Tax Act of 1981. Two tasks were performed. The first task was to collect data on industrial R and D expenditures, sales, oil prices, and price deflators. The R and D expenditure data were obtained from the National Science Foundation; other data were collected from Commerce Department and Department of Energy publications. The second task was to perform an econometric analysis of the effects of the tax credit on industrial R and D expenditures. Equations relating: (1) total; and (2) energy-related R and D expenditures to sales, oil prices, and a variable representing the availability of the tax credit were estimated, using data for each of seven manufacturing industries and eleven years. The analysis showed that the tax credit caused real total industrial R and D expenditures to be 9.1% greater than they would have been without the credit, but caused real energy industrial R and D expenditures to be 13.8% less than they would have been without the tax credit.
Mota, Daniel Marques; de Oliveira, Márcia Gonçalves; Bovi, Rafael Filiacci; Silva, Sidarta Figueredo; Cunha, Jeane Araújo Fernandes; Divino, José Angelo
2014-05-01
The scope of this study is to analyze the determinants of the use of appetite suppressants (amfepramone, femproporex, mazindol and sibutramine) through the estimation of a dynamic panel dataset model for the Brazilian state capitals and the Federal District (DF) in the period from 2009 to 2011. The results show that consumption of appetite suppressants did not follow the geographic distribution of overweight and obese individuals across the capitals and DF. There is a recurrent consumption of appetite inhibitors, in which 79% of the current consumption of these drugs is explained by past consumption. Among the variables that explain the use of inhibitors, the percentage of obese adults, the percentage of adults who habitually consume fruit and vegetables, and the coverage rate of health plans stand out. The pharmaco-econometric analysis suggests that there are problems in the rational use of appetite suppressants in the Brazilian state capitals and the Federal District with respect to both the combined consumption of these drugs with other medicines - deemed illegal by the Federal Council of Medicine and ANVISA - and in the therapeutic prescription of these products. PMID:24897204
Greene, D.L.; Kahn, J.; Gibson, R.
1999-03-01
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.
Kipi?ski, Lech; König, Reinhard; Sielu?ycki, Cezary; Kordecki, Wojciech
2011-10-01
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
Abercrombie, Robert K [ORNL] [ORNL; Sheldon, Frederick T [ORNL] [ORNL; Grimaila, Michael R [ORNL] [ORNL
2010-01-01
In earlier works, we presented a computational infrastructure that allows an analyst to estimate the security of a system in terms of the loss that each stakeholder stands to sustain as a result of security breakdowns. In this paper, we discuss how this infrastructure can be used in the subject domain of mission assurance as defined as the full life-cycle engineering process to identify and mitigate design, production, test, and field support deficiencies of mission success. We address the opportunity to apply the Cyberspace Security Econometrics System (CSES) to Carnegie Mellon University and Software Engineering Institute s Mission Assurance Analysis Protocol (MAAP) in this context.
Essays in financial econometrics
Kocatulum, Emre
2008-01-01
Chapter 1 is the product of joint work with Ferhat Akbas and it provides a behavioral explanation for monthly negative serial correlation in stock returns. For the first time in the literature, this work reports that only ...
G. Innocenti; D. Materassi
2008-01-19
The paper deals with the problem of identifying the internal dependencies and similarities among a large number of random processes. Linear models are considered to describe the relations among the time series and the energy associated to the corresponding modeling error is the criterion adopted to quantify their similarities. Such an approach is interpreted in terms of graph theory suggesting a natural way to group processes together when one provides the best model to explain the other. Moreover, the clustering technique introduced in this paper will turn out to be the dynamical generalization of other multivariate procedures described in literature.
NASA Astrophysics Data System (ADS)
Petrucci, O.; Vranken, L.
2012-04-01
Many studies investigated how natural and human factors control the occurrence of landslides. In addition, considerable efforts have been made to quantitatively and qualitatively estimate damage, direct as well as indirect, due to the occurrence of landslides. However, only very few studies explicitly investigate how socio-economic factors affect the magnitude of damage caused by a landslide event. Nevertheless, socio-economic factors will be crucial determinants of landslide damage. For example, at household level, more wealthy households will be able to build houses in areas less susceptible to landslides or will be more able to take preventive measures to mitigate landslide damage. At the same time, the higher the income the higher the value of the property that will be damaged in case of a landslide occurrence. At regional level, the landslide damage is likely to depend on factors such as population density, income level and distribution, and rurality. In addition, it should be taken into account that historical data or inventories will be more precise when it comes to reporting landslide frequency and damage in the more recent years, while events that occurred longer ago are less likely to be reported unless major damage was caused. This might give the false impression that landslides occurred less frequently but were more damaging in the past. Therefore, this study econometrically estimates a landslide damage function. Based on a landslide inventory for an Italian region, landslide damage index is calculated for landslide damage assessment. Using state of the art econometric techniques, we identify which natural and socio-economic factors significantly affect landslide damage while correcting for time fixed effects. As such it provides a useful tool to predict future land damage. Furthermore, it provides useful insights for policy makers about the factors they should primarily try to alter in order to reduce landslide damage.
Briggs, Adam D M; Kehlbacher, Ariane; Tiffin, Richard; Garnett, Tara; Rayner, Mike; Scarborough, Peter
2013-01-01
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. PMID:24154517
2013-01-01
Objective To model the overall and income specific effect of a 20% tax on sugar sweetened drinks on the prevalence of overweight and obesity in the UK. Design Econometric and comparative risk assessment modelling study. Setting United Kingdom. Population Adults aged 16 and over. Intervention A 20% tax on sugar sweetened drinks. Main outcome measures The primary outcomes were the overall and income specific changes in the number and percentage of overweight (body mass index ?25) and obese (?30) adults in the UK following the implementation of the tax. Secondary outcomes were the effect by age group (16-29, 30-49, and ?50 years) and by UK constituent country. The revenue generated from the tax and the income specific changes in weekly expenditure on drinks were also estimated. Results A 20% tax on sugar sweetened drinks was estimated to reduce the number of obese adults in the UK by 1.3% (95% credible interval 0.8% to 1.7%) or 180?000 (110?000 to 247?000) people and the number who are overweight by 0.9% (0.6% to 1.1%) or 285?000 (201?000 to 364?000) people. The predicted reductions in prevalence of obesity for income thirds 1 (lowest income), 2, and 3 (highest income) were 1.3% (0.3% to 2.0%), 0.9% (0.1% to 1.6%), and 2.1% (1.3% to 2.9%). The effect on obesity declined with age. Predicted annual revenue was £276m (£272m to £279m), with estimated increases in total expenditure on drinks for income thirds 1, 2, and 3 of 2.1% (1.4% to 3.0%), 1.7% (1.2% to 2.2%), and 0.8% (0.4% to 1.2%). Conclusions A 20% tax on sugar sweetened drinks would lead to a reduction in the prevalence of obesity in the UK of 1.3% (around 180?000 people). The greatest effects may occur in young people, with no significant differences between income groups. Both effects warrant further exploration. Taxation of sugar sweetened drinks is a promising population measure to target population obesity, particularly among younger adults. PMID:24179043
Google Econometrics and Unemployment Forecasting
Nikolaos Askitas; Klaus F. Zimmermann
2009-01-01
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.
Studies in Nonlinear Dynamics & Econometrics
. This immediately raises a conundrum concerning market efficiency. All other things being equal, such strong long of the Efficient Market Fabrizio Lillo J. Doyne Farmer Santa Fe Institute and Istituto Nazionale per la Fisica of the Efficient Market Fabrizio Lillo and J. Doyne Farmer Abstract For the London Stock Exchange we demonstrate
Intermediate Statistics and Econometrics: A Comparative Approach
Dale J. Poirier
1995-01-01
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
An Econometric Analysis of Teacher Mobility.
ERIC Educational Resources Information Center
Bempah, E. Osei; And Others
1994-01-01
Uses Missouri beginning teacher survey to analyze teacher migration. Develops simultaneous equations model to identify teacher and school district characteristics predictive of teacher mobility and determine predictive relationships between teachers' annual earnings and selected demographic and geographic variables. Findings support conventional…
An econometric analysis of nonsynchronous trading
Andrew W. Lo; A. Craig MacKinlay
1990-01-01
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
Inflation dynamics: A structural econometric analysis
Jordi Gal??; Mark Gertler
1999-01-01
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
The Econometric Analysis of Transition Data
Tony Lancaster
1990-01-01
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
An econometric explanation of nuclear plant costs
Babar, R.A.; Bushnell, R.C.; Pearsall, E.S.
1986-04-01
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.
Panel Data Econometric Models: Theory and Application
Gao, Yichen
2013-05-20
to replace D0 , where D = [ n 1 In 1]0 T is an nT (n 1) matrix. Then D ^ = ( ^1; ~ 0)0 with ^1 = Pn i=2 ^i, and ~ (b 2; : : : ; b n) 0 = [D0PD] 1D0PY: Replacing D0 in equation (2.2.3) by Db , we obtain a feasible estimator of m(x) given by bm(x... PT t=1Kh(Xit; x) will be positive1 (with probability one) so that unlike Li and Sun?s (2011) estimator, our estimator does not su er the near singular problem when T is small. We derive the asymptotic distribution of bm(x) in the next section. 2...
An Econometric Analysis of Energy Financing
John B. Guerard Jr.; Stephen G. Buell
1989-01-01
This study examines the interdependencies of the dividend, investment, liquidity, and financing decisions of public utility firms during the 1974-1979 period and develops a multiple-criteria financial planning model of a public utility firm. The evidence on the perfect markets hypothesis that the dividend, investment, and new debt decisions of firms are interdependent is mixed. The perfect markets hypothesis is tested
Econometric Analysis Economic Growth and Development
Blais, Brian
International Economics Public Policy Finance Entrepreneurship Lending and Credit Monitoring Systems informed, insightful business and policy decisions. Visit www.neepecon.org The Rhode Island Public Expenditure Council (RIPEC) is an independent, nonprofit and nonpartisan public policy research and education
Big Data: New Tricks for Econometrics Hal R. Varian
Varian, Hal R.
become unwieldy. Databases to manage data of this size are generically known as "NoSQL" databases. The term is used rather loosely, but is sometimes interpreted as meaning "not only SQL." NoSQL databases or so rows in a spreadsheet, you probably want to store it in a relational database, such as My
Multivariate Skew-t Distributions in Econometrics and Environmetrics
Marchenko, Yulia V.
2012-02-14
likelihood estimators for this model. We compare the performance of the selection-t model to the Heckman selection model and apply it to analyze ambulatory expenditures. iv In the second article we introduce a family of multivariate log-skew-elliptical dis... prop- erties. We demonstrate, for example, that as for the log-t distribution, the positive moments of the log-skew-t distribution do not exist. Our emphasis is on two special cases, the log-skew-normal and log-skew-t distributions, which we use...
Do Youths Substitute Alcohol and Marijuana? Some Econometric Evidence
Frank J. Chaloupka; Adit Laixuthai
1997-01-01
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
Applying Econometrics to the Carbon Dioxide “Control Knob”
Curtin, Timothy
2012-01-01
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). PMID:22629196
Cliometrics and Time Series Econometrics: Some Theory and Applications
Hickman, Mark
. Applications include a discussion of the timing and potential causes of the British Industrial Revolution, convergence, long memory, graphical modelling, British Industrial Revolution. JEL classifications N33, O47, O
An econometric analysis of prices for Texas grapefruit
Gutierrez-Villarreal, Jorge
1967-01-01
" Price F. o. b. Price. Prcccssed Grapefruit Price Fouat'on. I". ethod of Statisticei Analysis. Data. . 76 I m f L jo / '-'2 Zquatior G. "-, fruit Texas. "rash Grape ru m J. exes ~ !I Qy F. o. I" orida. "Gn F. o. ~r ce it Pci. ce Ejlu... O+ner Studies Grape. ruit Production. : Fr sh encl Prc ceased I!ark t'; & ov S'tatcis, 19'-!8- '9 to loo5-66. Texas Grapefruz t: Pionthly- Carlot Shi r!ments, 19+8-zk9 to 1964-65. "On tree" Price Pe" Box for Grapefruit, bv Ht;at;es, 1948 z'9...
Forecasting electricity demand with end-use\\/econometric models
M. J. King; M. J. Scott
1983-01-01
The Railbelt Electricity Demand (RED) Model, reported in this paper, is a simulation model designed to forecast annual electricity consumption for the residential, commercial-industrial-government and miscellaneous end-use sectors of Alaska's Railbelt region. The model also takes into account government intervention in the energy markets via conservation programs in Alaska and produces forecasts of system annual peak demand. The forecasts of
The Econometric Analysis of Tomato Production with contracting in Turkey
NASA Astrophysics Data System (ADS)
Gunes, Erdogan
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.
Essays in Financial Econometric Investigations of Farmland Valuations
Xu, Jin
2013-05-20
and Singleton 1982). Hansen (1992) showed that an asymptotically efficient or optimal GMM estimator could be obtained by choosing weight matrix so that it converges to the inverse of the long-run covariance matrix. In the first stage, we calculate an HAC-Newey-West... kernel and Newey- West bandwidth (Beyer et al 2008). Under suitable conditions GMM estimator is consistent, asymptotically normal, and with right choice of weighting matrix W asymptotically efficient. 18 2.3.3. Error Correction Two-stage GMM...
An Econometric Analysis of U.S. Foreign Direct Investment
Ray Barrell; Nigel Pain
1996-01-01
This paper constructs a theoretical model of foreign direct investment and examines the extent to which the model can explain the level of outward direct investment by U.S. companies over the last two decades. The authors find that market size and factor costs, both labor and capital, are important factors in the investment decision. Instrumental variable estimation is used to
An econometric analysis and forecasting of Seoul office market
Kim, Kyungmin
2011-01-01
This study examines and forecasts the Seoul office market, which is going to face a big supply in the next few years. After reviewing several previous studies on the Dynamic model and the Seoul Office market, this thesis ...
Econometric Analysis of Cross Section and Panel Data
Jeffrey M. Wooldridge
2002-01-01
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
An econometric analysis of the market for natural gas futures
Walls, W.D. [Univ. of Hong Kong (Hong Kong)
1995-12-31
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.
Econometrics of the Basu Asymmetric Timeliness Coefficient and Accounting Conservatism
BALL, RAY
A substantial literature investigates conditional conservatism, defined as asymmetric accounting recognition of economic shocks (“news”), and how it depends on various market, political, and institutional variables. Studies ...
Hydrogen production econometric studies. [hydrogen and fossil fuels
NASA Technical Reports Server (NTRS)
Howell, J. R.; Bannerot, R. B.
1975-01-01
The current assessments of fossil fuel resources in the United States were examined, and predictions of the maximum and minimum lifetimes of recoverable resources according to these assessments are presented. In addition, current rates of production in quads/year for the fossil fuels were determined from the literature. Where possible, costs of energy, location of reserves, and remaining time before these reserves are exhausted are given. Limitations that appear to hinder complete development of each energy source are outlined.
Econometric and Statistical Bases for the Non-Econometrician
ERIC Educational Resources Information Center
Tyzenhouse, Joanne
1978-01-01
An overview is provided for librarians of the types of statistical or numeric data bases offered by Data Resources, Inc., General Electric Information Division, Predicasts, and Interactive Data Corporation. Tables list the types of data or statistical information available from each. (JPF)
Do Youths Substitute Alcohol and Marijuana? Some Econometric Evidence
Frank J. Chaloupka; Adit Laixuthai
1994-01-01
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
Bayesian Inference in Econometric Models Using Monte Carlo Integration
John Geweke
1989-01-01
Methods for the systematic application of Monte Carlo integration with importance sampling to Bayesian inference are developed. Conditions under which the numerical approximation converges almost surely to the true value with the number of Monte Carlo replications, and its numerical accuracy may be assessed reliably, are given. Importance sampling densities are derived from multivariate normal or student approximations to the
Three Essays on Semiparametric Econometrics: Theory and Application
Li, Hongjun
2014-04-25
the nonlinearity of the economic structures. Applying the semiparametric functional cointegration test method, I conduct the cointegration test of PPP hypothesis between U.S. and Canada, U.S. and Japan, and U.S. and U.K., respectively to test the PPP hypothesis...
An econometric model of the Texas softwood pulpwood stumpage market
Carter, Douglas Ray
1989-01-01
Forest Service 1988). The demand for softwood or hardwood timber "stumpage" (standing trees) is derived from the demand for its use in final products such as lumber, plywood, pulp and paper, poles and pilings, furniture, etc. (Gregory 1987). In East... Texas, ll pulp mills produce approximat. ely 8, 175 tons per day of wood pulp (Lockwood 1987). The pulp and paper' industry consumed 27 percent (133. 6 MMCF) of the total Texas softwood roundwood harvest in 1987 (Texas Forest Service 1988...
Nonparametric estimation of econometric models with categorical variables
Ouyang, Desheng
2006-10-30
of the requirements for the degree of DOCTOR OF PHILOSOPHY Approved by: Chair of Committee, Qi Li Committee Members, Badi Baltagi Dennis Jansen Joel Zinn Head of Department, Leonardo Auernheimer August 2005 Major Subject: Economics iii ABSTRACT Nonparametric... this dissertation as well as Dr. Jeff Racine for his help. I also thank Dr. Badi Baltagi, Dr. Dennis Jansen, Dr. Joel Zinn for their helpful advice and comments. vii TABLE OF CONTENTS CHAPTER Page I INTRODUCTION . . . . . . . . . . . . . . . . . . . . . . . . . . 1...
Econometric modelling of slack and tight labour markets
Q. Farooq Akram; Ragnar Nymoen
2006-01-01
Empirical and theoretical studies suggest that employment behaviour varies with the state of the labour market since hiring and firing costs depend on the availability of labour. Extending earlier empirical work on this subject, we test for state dependence in employment adjustment and in the effects of forcing variables such as indicators of aggregate demand. We also test whether anticipated
Essays on Nonparametric Series Estimation with Application to Financial Econometrics
Chang, Meng-Shiuh
2012-10-19
(2006) 307-335], and studied a class of univariate copula-based nonparametric stationary Markov models in which the copulas and the marginal distributions are estimated nonparametrically. In particular, I focused on the stationary Markov process of order...
The diffusion of hospital technologies: some econometric evidence.
Russell, L B
1977-01-01
This paper examines the diffusion of five hospital technologies that have spread widely since 1950: the postoperative recovery room, the intensive care unit, the respiratory therapy department, diagnostic radioisotope facilities, and electroencephalograph. The regressions show that the logistic function describes the diffusion of hospital innovations as well as it does the diffusion of innovations in other industries, that the rates of diffusion for these technologies fall within the range established by work on other industries, and that the rates for technologies that were not yet widespread in the middle 1960s increased with the advent of Medicare and Medicaid. PMID:338831
An Econometric Analysis of the Operating Profit of Romanian Companies
Adriana DEACONU
2011-01-01
This paper aims to contribute to the empirical literature by employing a panel data model for analysing the connection between operating profit of Romanian companies and the turnover, tangible assets, payrolls, stocks and cash. We find that the companies with a higher turnover recorded better economic results and an increased payroll is associated with a decline in economic performance. Likewise,
Econometric Analysis for the rural sector in Greek economy
Giovanis Elephtherios
2005-01-01
The rural sector constitutes a exceptionally important department of Greek economy, so much for his contribution in the growth of country, after it can and allocates comparative advantage in certain rural products, which are known as, Mediterranean, but also because of his big attendance in the employment and in the income, that nevertheless the continuous reduction of corresponding attendance of
Kwon, Dae-Heum
2009-05-15
the Hicks-Leontief composite commodity theorem and the homothetic or weak separability concepts have been discussed in empirical micro- economic studies, it has been demonstrated that these two types of conditions provide only restrictive possibilities...
Barthelat, Francois
in Comparative Dynamics); University of British Columbia (Canada); 1977. Distinction: Fellow, Econometric Society), Mathematical Economics (857), Math- ematical Economics (956), Econometrics (852), Econometrics (850), Econometrics (950) Universit´e Laval (Canada) 1981. Econometrics (graduate), Methods of dynamic analysis
An econometric approach to understanding the international tourism flows from Japan to Taiwan
Chang, Chun-Ling
1993-01-01
in 1979 has also helped Hong Kong's tourism development due to its geographical position of gateway to China. However, in September 1984 the UK and China reached an agreement that Kong Kong Island and the Kowloon Peninsula would be ruled by China from... of destination rather than in a decision to forego overseas travel". When concerning the indicators of tourism substitution areas, Walsh (1986) recommended that travel cost and entrance fees can be applied to be the proper estimations of the substitution...
Econometric analysis of the historical growth and volatility trends of various metals
Jones, Brittany Laurél
2012-01-01
Post Malthusian economics, there is growing recognition of the impact technological change and advance has on market activity. By studying historical production and price trends, boundaries of feasible growth can be ...
Shi, Xiaoyu
2006-01-01
Since the start of its economic reforms in 1978, China's energy prices relative to other prices have increased. At the same time, its energy intensity, i.e., energy consumption per unit of Gross Domestic Product (GDP), has ...
2015-01-01
Economies are instances of complex socio-technical systems that are shaped by the interactions of large numbers of individuals. The individual behavior and decision-making of consumer agents is determined by complex psychological dynamics that include their own assessment of present and future economic conditions as well as those of others, potentially leading to feedback loops that affect the macroscopic state of the economic system. We propose that the large-scale interactions of a nation's citizens with its online resources can reveal the complex dynamics of their collective psychology, including their assessment of future system states. Here we introduce a behavioral index of Chinese Consumer Confidence (C3I) that computationally relates large-scale online search behavior recorded by Google Trends data to the macroscopic variable of consumer confidence. Our results indicate that such computational indices may reveal the components and complex dynamics of consumer psychology as a collective socio-economic phenomenon, potentially leading to improved and more refined economic forecasting. PMID:25826692
Who Pays for Sudden Oak Death? An Econometric Investigation of the Impact
Standiford, Richard B.
of production arise largely as a result of changes in water treatment and irrigation practices, fungicide the nature and control of Phytophthora ramorum, there is growing concern that its economic costs plants, thus limiting exposure to infestation risk. Optimal production strategies may reduce the expected
The impact of turnout on electoral choices: an econometric analysis of the French case
Christine Fauvelle-Aymar; Jean-Dominique Lafay; Marie Servais
2000-01-01
The rational choice theory of abstention and turnout has focused on the “paradox of [not] voting”. Because of this focalization, other important problems have been left out, notably the possibility that electoral results are dependent on the number and characteristics of those who decide to vote. This question can be dealt with only within the framework of a simultaneous equation
Monday 26 May 09:30 Macroeconomics. Tuesday 27 May 09:30 Econometrics.
Oxford, University of
and Social Science. Philosophy of Science. Politics in China. Honour School of Philosophy, Politics of Logic and Language. Saturday 07 June 09:30 Comparative Government. 14:30 Philosophy of Science. CHILD Chairman Candidates are requested to attend at the EXAMINATION SCHOOLS, High Street, Oxford, OX1 4
Two-Stage Residual Inclusion Estimation: Addressing Endogeneity in Health Econometric Modeling
Terza, Joseph V.; Basu, Anirban; Rathouz, Paul J.
2008-01-01
The paper focuses on two estimation methods that have been widely used to address endogeneity in empirical research in health economics and health services research B two-stage predictor substitution (2SPS) and two-stage residual inclusion (2SRI). 2SPS is the rote extension (to nonlinear models) of the popular linear two-stage least squares estimator. The 2SRI estimator is similar except that in the second stage regression, the endogenous variables are not replaced by first-stage predictors. Instead, first-stage residuals are included as additional regressors. In a generic parametric framework, we show that 2SRI is consistent and 2SPS is not. Results from a simulation study and an illustrative example also recommend against 2SPS and favor 2SRI. Our findings are important given that there are many prominent examples of the application of inconsistent 2SPS in the recent literature. This study can be used as a guide by future researchers in health economics who are confronted with endogeneity in their empirical work. PMID:18192044
AEP system's residential end-use forecasting model; An econometric approach
E. Villacis; M. G. Norman; K. K. Gainer
1988-01-01
The present study describes twelve monthly models which forecast the demand for electricity by American Electric Power System's (AEP) residential customers. The forecast includes projections of short- and long-term electricity consumption for each of fourteen major residential end uses as well as the penetration of these end uses in the AEP service area. In addition, the forecasts of electricity consumption
Forecasting the monthly volume of orders for southern pine lumber - an econometric model
Jackson, Ben Douglas
1973-01-01
for Study Statement of Problem Review of Previous Work Ob)ectives 1 6 7 11 REVIEW OF FORECASTING TECHNIQUES 12 Time-Series Analysis ~ Secular Trend Cyclical Fluctuations Seasonal Variations . Irregular Movements Multiple Linear Regression... necessity is to determine which factors are present in a time-series; the next is to measure the effect of each force. The principal component fluctuations in a time-series are 13 secular trend, cyclical fluctuations, seasonal variations, and irregular...
ECONOMETRIC PERSPECTIVE OF THE ENVIRONMENTAL CHANGE AND BIODIVERSITY LOSS IN EUROPE1
Mahesh Kumar Singh; Mária Fekete-Farkas; József Molnár
Much of the debate about global warming and biodiversity loss - its reality, causes and the urgency of finding solutions - has been driven by the science of climate change. Despite a huge literature on the economic implications of warming, the costs of tackling it and the role of economic policy instruments in the control of greenhouse gas emissions and
A hybrid econometric—neural network modeling approach for sales forecasting
James T. Luxhøj; Jens O. Riis; Brian Stensballe
1996-01-01
Business sales forecasting is an example of management decision making in an ill-structured, uncertain problem domain. Due to the dynamic complexities of both internal and external corporate environments, many firms resort to qualitative forecasting techniques. However, these qualitative techniques lack the structure and extrapolation capability of quantitative forecasting models, and forecasting inaccuracies typically lead to dramatic disturbances in production planning.This
The effectiveness of the US endangered species act: An econometric analysis using matching methods
Paul J. Ferraro; Craig McIntosh; Monica Ospina
2007-01-01
Diametrically opposed views of the effectiveness of the United States Endangered Species Act (ESA) co-exist more than 30 years after the Act's creation. The evidence marshaled to date for and against the ESA suffers from a problem common in analyses of biodiversity protection measures: the absence of a well-chosen control group. We demonstrate how matching methods can be used to
Econometric evidence of cross-market effects of generic dairy advertising
Metin Cakir; Joseph V. Balagtas
2010-01-01
We estimate a dairy demand system to evaluate generic dairy advertising in the US, 1990-2005. Previous empirical studies of generic dairy advertising focus only on the market of the advertised good, ignoring potential spill-over and feedback effects. We specify an LA|AIDS model of dairy demand, which allows consistent estimation of cross-price and cross-advertising effects across dairy product markets, and is
Pagan, Adrian; Pesaran, M Hashem
the original paper these are the log of GNP and the level of the unemployment rate): The equation corresponding to y1t is assumed to have a unit root error term so all the variables entering in it need to be di¤erenced i.e. after di¤erencing the equation... ", The American Economic Review, 79, 655-673. Edge, R., M. Kiley and J.P. Laforte (2005), " An estimated DSGE Model of the US Economy with an Application to Natural Rate Measures", paper presented to the IRFMP/IMP Conference on DSGE Modeling at Policymak- ing...
Estimating the Return to Schooling: Progress on Some Persistent Econometric Problems
David Card
2001-01-01
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
Dong, Xianlei; Bollen, Johan
2015-01-01
Economies are instances of complex socio-technical systems that are shaped by the interactions of large numbers of individuals. The individual behavior and decision-making of consumer agents is determined by complex psychological dynamics that include their own assessment of present and future economic conditions as well as those of others, potentially leading to feedback loops that affect the macroscopic state of the economic system. We propose that the large-scale interactions of a nation's citizens with its online resources can reveal the complex dynamics of their collective psychology, including their assessment of future system states. Here we introduce a behavioral index of Chinese Consumer Confidence (C3I) that computationally relates large-scale online search behavior recorded by Google Trends data to the macroscopic variable of consumer confidence. Our results indicate that such computational indices may reveal the components and complex dynamics of consumer psychology as a collective socio-economic phenomenon, potentially leading to improved and more refined economic forecasting. PMID:25826692
Estimating the Return to Schooling: Progress on Some Persistent Econometric Problems
David Card
2000-01-01
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
Matsukawa, Isamu [Central Research Institute, Tokyo (Japan); Fujii, Yoshifumi [Bunkyo Univ., Kanagawa (Japan); Madono, Seishi [Senshu Univ., Kanagawa (Japan)
1993-12-31
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.
An econometric study of the demand for gasoline in the Gulf Cooperation Council countries
Eltony, M.N.
1994-12-31
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.
Econometric analysis of realized volatility and its use in estimating stochastic volatility models
Ole E. Barndorff-Nielsen; Neil Shephard
2002-01-01
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
Econometrics of inventory holding and shortage costs: the case of refined gasoline
Krane, S.D.
1985-01-01
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.
Cointegration, Error Correction, and the Econometric Analysis of Non-Stationary Data
Anindya Banerjee; Juan J. Dolado; John W. Galbraith; David Hendry
1993-01-01
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
Econometric models for count data with an application to the patents?R&Drelationship
Jerry A. Hausman; Bronwyn H. Hall; Zvi Griliches
1984-01-01
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 \\
A micro-econometric analysis of the industrial demand for energy in NSW
Woodland, A.D. (Univ. of Sydney (Australia))
1993-01-01
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.
Leslie E. Papke; Jeffrey M. Wooldridge
1996-01-01
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
On rate optimality for ill-posed inverse problems in econometrics
Chen, Xiaohong
2007-01-01
In this paper, we clarify the relations between the existing sets of regularity conditions for convergence rates of nonparametric indirect regression (NPIR) and nonparametric instrumental variables (NPIV) regression models. We establish minimax risk lower bounds in mean integrated squared error loss for the NPIR and the NPIV models under two basic regularity conditions that allow for both mildly ill-posed and severely ill-posed cases. We show that both a simple projection estimator for the NPIR model, and a sieve minimum distance estimator for the NPIV model, can achieve the minimax risk lower bounds, and are rate-optimal uniformly over a large class of structure functions, allowing for mildly ill-posed and severely ill-posed cases.
Network Externalities in Microcomputer Software: An Econometric Analysis of the Spreadsheet Market
Erik Brynjolfsson; Chris F. Kemerer
1996-01-01
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
University of California Mathematical and Econometric Modelling of Farm Labor Demand and
Mangel, Marc
of Project Water Supply in California's San Joaquin Valley Daniel Ladd1 , Aaron Mamula2 , and Cameron Speir2 estimate the effect of changes in the irrigation water supply on farm employment. In particular, we is a function of water supply. We use this model to asses how farmers' labor demand responds to changes
The Effect of Employee Involvment on Firm Performance: Evidence from an Econometric Case Study
Derek C. Jones; Takao Kato
2003-01-01
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:
The Effects of Employee Involvement on Firm Performance: Evidence from an Econometric Case Study
Derek C. Jones; Takao Kato
2003-01-01
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)
Econometric Modelling of World Oil Supplies: Terminal Price and the Time to Depletion
Mohaddes, Kamiar
2012-03-02
particular developments in oil prices mainly relying on tools from the industrial organisation literature to do so. In the other, the focus has been on the application of the Hotelling model to the oil market. While the former strand aims to model the price... , the Hotelling model and its extensions develop theoretical models that yield predictions governing the rate of change of oil prices, but on their own they are not able to determine the level of oil prices and/or the pro?le of oil production in the world economy...
Non-equilibrium thermodynamics theory of econometric source discovery for large data analysis
NASA Astrophysics Data System (ADS)
van Bergem, Rutger; Jenkins, Jeffrey; Benachenhou, Dalila; Szu, Harold
2014-05-01
Almost all consumer and firm transactions are achieved using computers and as a result gives rise to increasingly large amounts of data available for analysts. The gold standard in Economic data manipulation techniques matured during a period of limited data access, and the new Large Data Analysis (LDA) paradigm we all face may quickly obfuscate most tools used by Economists. When coupled with an increased availability of numerous unstructured, multi-modal data sets, the impending 'data tsunami' could have serious detrimental effects for Economic forecasting, analysis, and research in general. Given this reality we propose a decision-aid framework for Augmented-LDA (A-LDA) - a synergistic approach to LDA which combines traditional supervised, rule-based Machine Learning (ML) strategies to iteratively uncover hidden sources in large data, the artificial neural network (ANN) Unsupervised Learning (USL) at the minimum Helmholtz free energy for isothermal dynamic equilibrium strategies, and the Economic intuitions required to handle problems encountered when interpreting large amounts of Financial or Economic data. To make the ANN USL framework applicable to economics we define the temperature, entropy, and energy concepts in Economics from non-equilibrium molecular thermodynamics of Boltzmann viewpoint, as well as defining an information geometry, on which the ANN can operate using USL to reduce information saturation. An exemplar of such a system representation is given for firm industry equilibrium. We demonstrate the traditional ML methodology in the economics context and leverage firm financial data to explore a frontier concept known as behavioral heterogeneity. Behavioral heterogeneity on the firm level can be imagined as a firm's interactions with different types of Economic entities over time. These interactions could impose varying degrees of institutional constraints on a firm's business behavior. We specifically look at behavioral heterogeneity for firms that are operating with the label of `Going-Concern' and firms labeled according to institutional influence they may be experiencing, such as constraints on firm hiring/spending while in a Bankruptcy or a Merger procedure. Uncovering invariant features, or behavioral data metrics from observable firm data in an economy can greatly benefit the FED, World Bank, etc. We find that the ML/LDA communities can benefit from Economic intuitions just as much as Economists can benefit from generic data exploration tools. The future of successful Economic data understanding, modeling, simulation, and visualization can be amplified by new A-LDA models and approaches for new and analogous models of Economic system dynamics. The potential benefits of improved economic data analysis and real time decision aid tools are numerous for researchers, analysts, and federal agencies who all deal with increasingly large amounts of complex data to support their decision making.
Essays on econometric modeling of subjective perceptions of risks in environment and human health
Nguyen, To Ngoc
2009-05-15
A large body of literature studies the issues of the option price and other ex-ante welfare measures under the microeconomic theory to valuate reductions of risks inherent in environment and human health. However, it does not offer a careful...
An Econometric Examination of the Behavioral Perspective Model in the Context of Norwegian Retailing
ERIC Educational Resources Information Center
Sigurdsson, Valdimar; Kahamseh, Saeed; Gunnarsson, Didrik; Larsen, Nils Magne; Foxall, Gordon R.
2013-01-01
The behavioral perspective model's (BPM; Foxall, 1990) retailing literature is built on extensive empirical research and techniques that were originally refined in choice experiments in behavioral economics and behavior analysis, and then tested mostly on British consumer panel data. We test the BPM in the context of Norwegian retailing. This…
SPATIAL STATISTICS AND ECONOMETRICS FOR MODELS IN FISHERIES ECONOMICS. (R828012)
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...
An econometric model of the U.S. secondary copper industry: Recycling versus disposal
Slade, M.E.
1980-01-01
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.
ECONOMIC MODELLING OF WATER SUPPLY: AN ECONOMETRIC ANALYSIS OF THE MULTIPRODUCT FIRM
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 ...
Measuring ICT Use and Learning Outcomes: Evidence from Recent Econometric Studies
ERIC Educational Resources Information Center
Biagi, Federico; Loi, Massimo
2013-01-01
Based on PISA 2009 data, this article studies the relationship between students' computer use and their achievement in reading, mathematics and science in 23 countries. After having categorised computer use into a set of different activities according to the skills they involve, we correlate students' PISA test-scores with an index capturing the…
Consumer Response to Integrated Pest Management and Organic Agriculture: An Econometric Analysis
Ramu Govindasamy; John Italia
1997-01-01
While several studies have presented aggregate, descriptive illustrations of consumer response to IPM, the willingness-to-purchase and willingness-to-pay for IPM produce as a function of demographic characteristics has not received the exhaustive research attention that has focused on organic produce. The objective of this study was to empirically evaluate which demographic characteristics cause consumers to be more likely to purchase IPM
An Econometric Study of Recruitment Marketing in the U.S. Navy
Dominique M. Hanssens; Henry A. Levien
1983-01-01
Since the abolishment of the mandatory draft the U.S. Navy, along with the other services, has engaged in aggressive marketing strategies in order to attract a sufficient number of qualified individuals to volunteer enlistment. The purpose of this study is to investigate the effectiveness of these efforts, primarily advertising and personal selling, within the general framework of the recruiting environment.
Estimation of the gender pay gap in London and the UK - an econometric approach
Margarethe Theseira; Leticia Veruete-McKay
2005-01-01
We estimate the gender pay gap in London and the UK based on Labour Force Survey data 2002\\/03. Our approach decomposes the mean average wages of men and women into two parts (a) Differences in individual and job characteristics between men and women (such as age, number of children, qualification, ethnicity, region of residence, working in the public or private
G. S. Maddala; T. D. Mount
1973-01-01
The article investigates by means of Monte Carlo experiments the performance of the ML method, the MINQUE method and several other two-step Generalized Least Squares methods in estimating the slope coefficient in a variance components model. It concludes that in models with no lagged dependent variables there is nothing much to choose among these estimators.
ECONOMETRIC MODELLING AND FORECASTING OF FREIGHT TRANSPORT DEMAND IN GREAT BRITAIN
Shujie Shen; Tony Fowkes; Tony Whiteing; Daniel Johnson
Empirically derived estimates of freight transport demand elasticities and accurate forecasts of future demand are important for freight planning and policy making. The sensitivity of freight transport demand to the changes of its determinants can help policy makers to evaluate alternative policy options in controlling future freight transportation growth, emissions reductions or modal shift. Accurate forecasts can provide information on
László Halpern; Gábor Körösi
1998-01-01
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
Forest fires in Italy: An econometric analysis of major driving factors
NASA Astrophysics Data System (ADS)
Michetti, Melania; Pinar, Mehmet
2013-04-01
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.
Econometric model of the U.S. sheep and mohair industries for policy analysis
Ribera Landivar, Luis Alejandro
2005-08-29
incentive payments. Moreover, the 2002 Farm Bill reinstated support for the industry by implementing a loan program with loan rates of $4.20 per pound of mohair. This analysis uses capital stock inventory accounting methodology to model the supply side...
An econometric study of CO 2 emissions, energy consumption, income and foreign trade in Turkey
Ferda Halicioglu
2009-01-01
This study attempts to empirically examine the dynamic causal relationships between carbon emissions, energy consumption, income, and foreign trade in the case of Turkey using the time-series data for the period 1960–2005. This research tests the interrelationship between the variables using the bounds testing to cointegration procedure. The bounds test results indicate that there exist two forms of long-run relationships
An Econometric Analysis of Brand Level Strategic Pricing Between Coca Cola and Pepsi Inc
Tirtha Pratim Dhar; Jean-Paul Chavas; Ronald W. Cotterill; Brian W. Gould
2002-01-01
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
Econometric Analysis of Rising Body Mass Index in the U.S.: 1996 versus 2002
Bidisha Mandal; Wen S. Chern
2006-01-01
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
Consumers and experts: an econometric analysis of the demand for water heaters
Robert Bartels; Denzil G. Fiebig; Arthur van Soest
2006-01-01
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
Some econometric evidence contradictory to the received wisdom on health and religion
SAMUEL CAMERON
2000-01-01
It is not uncommon for the invading economist to arrive at radically different conclusions in areas of social inquiry, hitherto left to specialists from other fields. For example, before the arrival of Chicagoan economics, the received wisdom in the criminological field was that deterrent punishments (especially capital punishment) did not work. In this paper, we attend to the simple question:
Tom Engsted
2009-01-01
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,
Determinants of Regional Investment Decisions in China: An Econometric Model of Tax Incentive Policy
Samuel Tung; Stella Cho
2001-01-01
This paper examines whether concessionary tax rates and tax incentives can attract foreign direct investment (FDI) into certain designated areas in China. Since China opened its doors to foreign investors in 1979, tax benefits have been used extensively to attract FDI into different areas. In 1991, a new tax law was introduced which superseded two previous income tax laws. This
Department of Mathematics PREPRINT SERIES 2013/2014
of Econometrics, University of Auckland, New Zealand; Economics, Southampton University, UK; Centre for Financial Econometrics (CoFie), Singapore Management University, Singapore. Professor Jiti Gao, Department of Econometrics and Business Statistics Econometrics and Business Statistics, Monash University, Australia. #12
ECONOMICS BA DEGREE MAJOR REQUIREMENTS FLOWCHART FOR ACADEMIC YEAR 2012-2013
Wu, Shin-Tson
Econometrics ECO 4504 Public Economics ECO 4713 International Macroeconomics ECO 4934 Topics in Econometrics are strongly recommended. ECO 3410 Mathematical Economics ECO 4412 Econometrics ECO 4934 Topics in Econometrics
Susana Assunção; Aurora A. C. Teixeira; Rosa Forte
2011-01-01
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
James C Murdoch; Todd Sandler; Laurna Hansen
1991-01-01
This paper devises an empirical methodology for discriminating between the median voter model and the oligarchy choice model when applied to the collective provision of a public good. In particular, an empirical methodology is engineered so that a nested test procedure can evaluate competing models. The authors apply this methodology to examine the demand for military activities of ten members
Duraisamy, P
1988-07-01
"A household choice model, based on the new theory of consumer behaviour, is derived to analyse families' joint decisions concerning family size, investment in child schooling and labour force participation of wife. The comparative static properties of the model are examined and the theoretical predictions are empirically tested within a simultaneous equations system using rural household data [from India]. The empirical results, in general, confirm the a priori expectations of the model and also suggest that economic variables, namely wages (opportunity cost of time) and income are important in explaining the demographic and economic behaviour of the rural households." PMID:12316058
Paul J. Ferraro; Craig McIntosh; Monica Ospina
Diametrically opposed views of the effectiveness of the United States Endangered Species Act (ESA) co-exist more than 30 years after the Act's creation. The evidence marshaled to date for and against the ESA suffers from a problem common in analyses of biodiversity protection measures: the absence of a well-chosen control group. We demonstrate how state-of-the-art statistical methods can be used
NASA Astrophysics Data System (ADS)
LeSage, James P.; Sheng, Yuxue
2014-07-01
We examine the provincial-level relationship between domestic Chinese intellectual property (IP) and knowledge stocks using a space-time panel model and data set covering monthly patent activity over the period 2002-2010. The goal of the modeling exercise is to explore the elasticity response of IP to knowledge stocks classified by type of creator (universities and research institutes, enterprises, and individuals). A focus is on spatial and time dependence in the relationship between knowledge stocks and IP, which implies spatial spillovers and diffusion over time. Many past studies of regional knowledge production have focused on patent applications as a proxy for regional output from the knowledge production process. However, this ignores the distinction between patent applications and patents granted, with the latter reflecting a decision and ability to convert knowledge produced into IP. This study differs in its focus on the regional relation between IP and knowledge stocks and the space-time dynamics of these. Using patents granted as a proxy for IP, and past patent applications as a proxy for regional knowledge stocks, allows us to explore the implied quality of knowledge production by various types of creators. Because Chinese patent applications have grown by 22 %, questions have been raised about the quantity versus quality of these applications. Our findings shed light on this issue.
Naveen EluruChandra; Chandra R. Bhat; Ram M. Pendyala; Karthik C. Konduri
2010-01-01
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
Daniel Trefler
1993-01-01
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
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
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.
Xu, Yueqing; McNamara, Paul; Wu, Yanfang; Dong, Yue
2013-10-15
Arable land in China has been decreasing as a result of rapid population growth and economic development as well as urban expansion, especially in developed regions around cities where quality farmland quickly disappears. This paper analyzed changes in arable land utilization during 1993-2008 in the Pinggu district, Beijing, China, developed a multinomial logit (MNL) model to determine spatial driving factors influencing arable land-use change, and simulated arable land transition probabilities. Land-use maps, as well as social-economic and geographical data were used in the study. The results indicated that arable land decreased significantly between 1993 and 2008. Lost arable land shifted into orchard, forestland, settlement, and transportation land. Significant differences existed for arable land transitions among different landform areas. Slope, elevation, population density, urbanization rate, distance to settlements, and distance to roadways were strong drivers influencing arable land transition to other uses. The MNL model was proved effective for predicting transition probabilities in land use from arable land to other land-use types, thus can be used for scenario analysis to develop land-use policies and land-management measures in this metropolitan area. PMID:23774750
Waisnor, Matthew E. (Matthew Edward)
2013-01-01
This paper examines and projects fundamental characteristics of the London Office rental market which is facing supply and demand issues in upcoming years despite being considered one of the few safe haven places for real ...
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...
NASA Astrophysics Data System (ADS)
Yoo, Jin Woo
In my 1st essay, the study explores Pennsylvania residents. willingness to pay for development of renewable energy technologies such as solar power, wind power, biomass electricity, and other renewable energy using a choice experiment method. Principle component analysis identified 3 independent attitude components that affect the variation of preference, a desire for renewable energy and environmental quality and concern over cost. The results show that urban residents have a higher desire for environmental quality and concern less about cost than rural residents and consequently have a higher willingness to pay to increase renewable energy production. The results of sub-sample analysis show that a representative respondent in rural (urban) Pennsylvania is willing to pay 3.8(5.9) and 4.1(5.7)/month for increasing the share of Pennsylvania electricity generated from wind power and other renewable energy by 1 percent point, respectively. Mean WTP for solar and biomass electricity was not significantly different from zero. In my second essay, heterogeneity of individual WTP for various renewable energy technologies is investigated using several different variants of the multinomial logit model: a simple MNL with interaction terms, a latent class choice model, a random parameter mixed logit choice model, and a random parameter-latent class choice model. The results of all models consistently show that respondents. preference for individual renewable technology is heterogeneous, but the degree of heterogeneity differs for different renewable technologies. In general, the random parameter logit model with interactions and a hybrid random parameter logit-latent class model fit better than other models and better capture respondents. heterogeneity of preference for renewable energy. The impact of the land under agricultural conservation easement (ACE) contract on the values of nearby residential properties is investigated using housing sales data in two Pennsylvania Counties. The spatial-lag (SLM), the spatial error (SEM) and the spatial error component (SEC) models were compared. A geographically weighted regression (GWR) model is estimated to study the spatial heterogeneity of the marginal implicit prices of ACE impact within each county. New hybrid spatial hedonic models, the GWR-SEC and a modified GWR-SEM, are estimated such that both spatial autocorrelation and heterogeneity are accounted. The results show that the coefficient of land under easement contract varies spatially within one county, but not within the other county studied. Also, ACE's are found to have both positive and negative impacts on the values of nearby residential properties. Among global spatial models, the SEM fit better than the SLM and the SEC. Statistical goodness of fit measures showed that the GWR-SEC model fit better than the GWR or the GWR-SEC model. Finally, the GWR-SEC showed spatial autocorrelation is stronger in one county than in the other county.
Andrea Fosfuri; Marco S. Giarratana
This article analyzes how the financial-market value of a firm is influenced by the actions of its rivals. We investigate the competition in the carbonated soft drink market between 1999 and 2003, a period characterized by price stability and an almost duopoly of Coca-Cola and Pespi. We focus on new product announcements as a proxy of new product introductions and
Peter Egger; Michael Pfaffermayr
2003-01-01
. We argue that the proper specification of a panel gravity model should include main (exporter, importer, and time) as well\\u000a as time invariant exporter-by-importer (bilateral) interaction effects. In a panel of 11 APEC countries, the latter are highly\\u000a significant and account for the largest part of variation.
NASA Astrophysics Data System (ADS)
Zakariah, Sahidah; Pyeman, Jaafar; Ghazali, Rahmat; Rahman, Ibrahim A.; Rashid, Ahmad Husni Mohd; Shamsuddin, Sofian
2014-12-01
The primary concern of this study is to analyse the impact against macroeconomic variables upon the financial performance, particularly in the case of public listed logistics companies in Malaysia. This study incorporated five macroeconomic variables and four proxies of financial performance. The macroeconomic variables selected are gross domestic product (GDP), total trade (XM), foreign direct investment (FDI), inflation rate (INF), and interest rate (INT). This study is extended to the usage of ratio analysis to predict financial performance in relation to the changes upon macroeconomic variables. As such, this study selected four (4) ratios as proxies to financial performance, which is Operating Profit Margin (OPM), Net Profit Margin (NPM), Return on Asset (ROA), Return on Equity (ROE). The findings of this study may appear non-controversial to some, but it resulted in the following important consensus; (1) GDP is found to be highly impacting NPM and least of ROA, (2) XM has high positive impact on OPM and least on ROE, (3) FDI appear to have insignificant impact towards NPM, and (4) INF and INT show similar negative impact on financial performance, precisely highly negative on OPM and least on ROA. Such findings also conform to the local logistic industry settings, specifically in regards to public listed logistics companies in relation to its financial performance.
Emilia ?I?AN; Cristina BOBOC; Simona GHI??; Daniela TODOSE
2011-01-01
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
Titel / Title Publisher Jahr / Year Class Mark Lectures Bemerkungen
Richner, Heinz
Econometrics of Panel Data M Boes, St. Wooldridge, J.M. Econometric Analysis of Cross Section and Panel Data MIT Press 2010 Q.III.B 74 (2010) S3169 Econometrics of Panel Data M Boes, St. Wooldridge, J.M. Introductory Econometrics MIT Press 2009 Q.III.A 38 (2009) S3169 Econometrics of Panel Data M Boes, St
CAMS Applied Statistics Track Advisory Committee
Kincaid, Rex K.
courses) ECON 308 Econometrics (3) ECON 380 Experimental Economics (3) ECON 407 Cross Section Econometrics (3) ECON 408 Time-Series Econometrics (3) ECON 415 Applied Financial Derivatives (3) Required
Marzuola, Jeremy
Timothy Thomas 04/23/2013 Math 547-001 A Bridge Between Linear Algebra and Econometrics By Way regression analysis in econometrics. First I will provide a little background of econometrics and linear. This area of study, econometrics, is the application of mathematics and statistics to economics
CURRICULUM VITAE PER ASLAK MYKLAND
Mykland, Per A.
, program launched 2011) Society for Financial Econometrics SoFiE Council (since 2009) Institute, Banff, 2002 Elected Fellow, Society of Financial Econometrics, since 2012 National Science Foundation Statistics (since 2012), Journal of Financial Econometrics (since 2009), Econometrics Journal (since 2008
CURRICULUM VITAE PER ASLAK MYKLAND
Mykland, Per A.
(since 2009, program launched 2011) Society of Financial Econometrics SoFiE Council (since 2009 of the Econometrics Journal (since 2008) Associate editor of the Journal of Financial Econometrics (since 2009 Shephard) of special volume of the Journal of Econometrics on realized volatility, which appeared in 2011
CURRICULUM VITAE PER ASLAK MYKLAND
Mykland, Per A.
Management (since 2009, program launched 2011) Society for Financial Econometrics SoFiE Council (since 2009 Elected Fellow, Society of Financial Econometrics, since 2012 National Science Foundation Review Panels), Journal of Financial Econometrics (since 2009), Econometrics Journal (since 2008), Annals of Statistics
Harvard University Job Market Candidates 2013-2014
Chen, Yiling
in Randomized Experiments" Fields: Labor, Econometrics Advisors: E. Glaeser, C. Chamberlain, G. Imbens, L. Katz Econometrics Advisors: A. Pakes, B. Anand, G. Lewis, P. Pathak Dávila, Eduardo (E) JMP: "Optimal Financial, Financial Econometrics, Time Series Econometrics Advisors: R. Barro, J. Campbell, A. Mikusheva, N. Shephard
Health Services Research Methods II H.S.A. 7708
Kane, Andrew S.
Texts: Wooldridge, J. Introductory Econometrics (3rd Ed.) Thompson Southwestern. 2006. Maddala, G. Limited Dependent & Qualitative Variables in Econometrics. Cambridge University Press. 1983. Rudas, T. Guide to Econometrics (4th Ed.) The MIT Press. 1998. Gujarati, D. Basic Econometrics (4th Ed.) Mc
T. T. N. Bich
1977-01-01
A production technology model was developed: (1) to assess the role of air- and water-borne residuals in the production technology of the plants; (2) to estimate the partial elasticities of substitution between labor and fuel; (3) to test input homotheticity of the production technology; (4) to test the hypotheses of separability betweeen the joint outputs (i.e., electricity and residuals emissions)
Derek C. Jones; Takao Kato
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:
NASA Technical Reports Server (NTRS)
Thomas, J. M.; Hanagud, S.
1974-01-01
The design criteria and test options for aerospace structural reliability were investigated. A decision methodology was developed for selecting a combination of structural tests and structural design factors. The decision method involves the use of Bayesian statistics and statistical decision theory. Procedures are discussed for obtaining and updating data-based probabilistic strength distributions for aerospace structures when test information is available and for obtaining subjective distributions when data are not available. The techniques used in developing the distributions are explained.
ERIC Educational Resources Information Center
Chressanthis, George A.; Chressanthis, June D.
1994-01-01
Provides regression-based empirical evidence of the effects of variations in exchange rate risk on 1985 library prices of the top-ranked 99 journals in economics. The relationship between individual journal prices and library prices is shown, and other factors associated with increases and decreases in library journal prices are given. (Contains…
Uwe Blien; Katja Wolf
2001-01-01
The process of unification of Germany 1989\\/90 was accompanied by a transformation crisis in the East which severely affected the labour market. Although in East Germany the average loss of employment between October 1989 and June 1993 was 37.7% there were marked re-gional differences. In rural areas this loss was higher (up to a maximum of 49.7%) and lower in
Marta Ruiz-Arranz; Benjamin Davis; Marco Stampini; Paul Winters; Sudhanshu Handa
2002-01-01
This paper examines the PROGRESA and PROCAMPO cash transfer programs in Mexico and evaluates their impact on household food security and nutrition. These two programs differ in their gender targeting, with PROGRESA aimed at women and PROCAMPO generally at men, and program conditionality, with PROGRESA linked to development of human capital of children in the households and PROCAMPO linked to
Michael Schröder
2000-01-01
This study focuses on the diversification benefits of the most developed equity markets of Central and Eastern Europe (CEE). To evaluate these benefits of diversification we use so-called spanning tests based on a stochastic discount factor approach and estimated by General Methods of Moments (GMM). Spanning tests investigate whether the returns of test assets (in our case the returns of
Empirical study of new Keynesian model using cointegrated VAR : what New Zealand data tell us
Kim, Hae-min
2009-01-01
Econometric analysis of rational expectations models has been a widely studied topic in the macro-econometric literature. This thesis looks in particular at evaluating Neokeynesian model (NKM) with respect to its conformity ...
Market Response ModelsMarket Response Models Demand CreationDemand Creation
Brock, David
Performance Improvement is called forfor Half of advertising does not workHalf of advertising does not work 85 approach ÂÂ statistics, econometrics, data miningstatistics, econometrics, data mining ÂÂ resource
Agricultural and Resource Economics Update
2011-01-01
job-loss estimates. In hindsight, econometric analysis ofjob losses due to drought, it is neces- sary to perform econometric analysis.analysis. In 2009 California was at the peak of the recession, and job-
Filtering via Simulation: Auxiliary Particle Filters ~IK. PITT and Nan SHEPHARD
Wolfe, Patrick J.
Jyseadie ~tly suuosted panicle approachto filtering time aeries.We suggestthat die alaoritbm is DO and Analysis of Econometric and FinaDcill Time aeries;"the EuropeanUnion (EU) throughtheir grant "Econometric
Technical Report Documentation Page 1. Report No.
Structures and Models Embedded Within the Comprehensive Econometric Microsimulator for Urban Systems (CEMUS the development of a population update modeling system as part of the development of the Comprehensive Econometric of the Comprehensive Econometric Microsimulator for Urban Systems (CEMUS) under development at The University of Texas
M. Poudyal
2005-01-01
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
Costas Milas
1999-01-01
Using Greek manufacturing data, this paper discusses the identification and estimation of long-run employment and wage equations, based on the economic theory associated with a CES production function and the a priori knowledge of the institutional characteristics of the Greek labour market, namely the fact that manufacturing wages move in line with public sector wages. The findings of the paper
NSDL National Science Digital Library
Betty Blecha
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.
STATISTICS GRADUATES WORK IN THE FOLLOWING AREAS
Sze, Lawrence
Analysis Econometrics Educational Testing Environmental Monitoring Financial Services Human Factors of designing experiments, supervising collection of data, and performing appropriate anal- yses to yield
14.384 Time Series Analysis, Fall 2002
Kuersteiner, Guido M.
Theory and application of time series methods in econometrics, including representation theorems, decomposition theorems, prediction, spectral analysis, estimation with stationary and nonstationary processes, VARs, unit ...
Federal Register 2010, 2011, 2012, 2013, 2014
2012-05-15
...professions, nursing, epidemiology, immunology, law and bioethics, behavioral sciences, economics and statistics, as well...epidemiology and applied statistics; immunology; law and bioethics; behavioral sciences; economics and econometrics;...
Federal Register 2010, 2011, 2012, 2013, 2014
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...professions, nursing, epidemiology, immunology, law and bioethics, behavioral sciences, economics and statistics, as well...epidemiology and applied statistics; immunology; law and bioethics; behavioral sciences; economics and econometrics;...
Federal Register 2010, 2011, 2012, 2013, 2014
2013-08-13
...professions, nursing, epidemiology, immunology, law and bioethics, behavioral sciences, economics and statistics, as well...epidemiology and applied statistics; immunology; law and bioethics; behavioral sciences; economics and econometrics;...
Information, Technology, and Information Worker Productivity
Aral, Sinan
We econometrically evaluate information worker productivity at a midsize executive recruiting firm and assess whether the knowledge that workers accessed through their electronic communication networks enabled them to ...
The economic benefits of publicly funded basic research: a critical review
Ammon J. Salter; Ben R. Martin
2001-01-01
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
An optimal energy forecasting model for the economy environment match
L. Suganthi; A. A. Samuel
1999-01-01
Econometric demand models which are used in developed countries consider only price and national income. The modified model developed earlier by the authors links energy consumption with the economy, technology and the environment. The modified model is validated by comparing with an econometric and time series regression model based on least squared error, square of correlation coefficient and Durbin Watson
Avoiding dangerous climate change by inducing technological progress
Watson, Andrew
-scale econometric model Terry Barker, Haoran Pan, Jonathan KÃ¶hler, Rachel Warren and Sarah Winne July 2005 Tyndall technological progress: scenarios using a large-scale econometric model Terry Barker* , Haoran Pan* , Jonathan.g. labour moving from traditional agriculture to urban manufacturing, 11% to economies of scale and 34
The I?andas~ ThumbMORE REFLECTIONS IN NATURAL HISTORY
Pedersen, Scott C.
-scale econometric model Terry Barker, Haoran Pan, Jonathan KÃ¶hler, Rachel Warren and Sarah Winne July 2005 Tyndall technological progress: scenarios using a large-scale econometric model Terry Barker* , Haoran Pan* , Jonathan.g. labour moving from traditional agriculture to urban manufacturing, 11% to economies of scale and 34
The Health Services Use Among Older Canadians in Rural and Urban Areas
Heather Conde; James Ted McDonald
2007-01-01
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
Superstars in the National Basketball Association: Economic Value and Policy
Jerry A. Hausman; Gregory K. Leonard
1997-01-01
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
Outputs as Educator Effectiveness in the United States: Shifting towards Political Accountability
ERIC Educational Resources Information Center
Piro, Jody S.; Mullen, Laurie
2013-01-01
The definition of educator effectiveness is being redefined by econometric modeling to evidence student achievement on standardized tests. While the reasons that econometric frameworks are in vogue are many, it is clear that the strength of such models lie in the quantifiable evidence of student learning. Current accountability models frame…
Pitfalls and Opportunities: What Macroeconomists Should Know About Unit Roots
John Y. Campbell; Pierre Perron
1991-01-01
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
Are the centrally planned economies over-consuming metals. A cross-sectional analysis
Dobozi
1986-01-01
Two econometric techniques were used to estimate the economic system-natural resource consumption link in a cross-sectional framework. (1) The forecasting approach which was shown as unsatisfactory from econometric points of view to isolate the system impact when one allows for potential errors in the estimates of the hypothetical values generated for Eastern countries on the basis of estimated Western relationships.
ISSN 1745-9648 Stock Market Event Studies and
Feigon, Brooke
-16 Abstract: Event study analysis is a branch of econometrics which attempts to measure the effects in the economic profitability of the firm. This paper considers the effect on stock prices of announcements. Summary and Concluding Remarks 34 #12;3 1. Introduction Event study analysis is a branch of econometrics
A Rational Econometrtic Approach for Punjab Agriculture Associated with UOP Profit Function Model
S. S. Kautala
2001-01-01
Without making a proper statistical assessment, researchers tend to apply complex econometric tools to a theoretical model in providing analytical results involving time consuming process with extra efforts. After describing the shortcomings of production function model, an attempt has been made to econometrically examine related aspects SURE methodology associated with theoretical framework of Cobb-Douglas UOP profit function. Keeping in the
Witsanu Attavanich; Bruce A. McCarl
2011-01-01
Many studies have done econometric estimates of how climate alters crop yields and or land rents in an effort to gain information on potential effects of climate change. However, an important related factor, the atmospheric carbon dioxide (CO2) concentration, and in fact a driver of climate change is ignored. This means the prior econometric estimates are biased as they infer
What Do We Know About Economic Growth? Or, Why Don't We Know Very Much?
David Williams
2001-01-01
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
Here at eXelate, we are looking to hire a data scientist to work with us in digital advertising technology. We are looking for someone comfortable at the intersection of computer science and statistics an advanced degree in a quantitative field (Computer Science / Statistics / Economics / Operations Research
Chousakos, Kyriakos
2011-01-01
Recessions are an inherent part of economic cycles. During the last decade we have experienced two extended periods of significant economic slowdown accompanied by major downturns in most of the asset classes and especially ...
14.33 Economics Research and Communication, Spring 2002
Ellison, Sara Fisher
Designed to expose students to the process of conducting independent research in empirical economics and effectively communicating the results of the research. Begins with an econometric analysis of an assigned economic ...
14.384 Time Series Analysis, Fall 2007
Mikusheva, Anna, 1976-
The course provides a survey of the theory and application of time series methods in econometrics. Topics covered will include univariate stationary and non-stationary models, vector autoregressions, frequency domain ...
Core-Selecting Auctions with Incomplete Information Lawrence M. Ausubel and Oleg V. Baranov*
Sandholm, Tuomas W.
rankings among the various rules. These rankings appear to be robust for the parameters of our model participants at Maryland, Carnegie Mellon and the Econometric Society World Congress for helpful comments. All
Infovis and Statistical Graphics: Different Goals, Different Looks1 Andrew Gelman2
Gelman, Andrew
such as psychometrics, econometrics, and more recently machine learning and "data science." But the field of statistical@math.uni-augsburg.de #12; 2 typically thought of as a way to help with simple tasks such as data cleaning
11.126J / 14.48J / 11.249J Economics of Education, Spring 2006
Levy, Frank, 1941-
Discusses the economic aspects of current issues in education, using both economic theory and econometric and institutional readings. Topics include discussion of basic human capital theory; the growing impact of education ...
Nonparametric Tests of Moment Condition Stability
Juhl, Ted P.; Xiao, Zhijie
2013-02-01
This paper considers testing for moment condition instability for a wide variety of models that arise in econometric applications. We propose a nonparametric test based on smoothing the moment conditions over time. The resulting test takes the form...
Three essays on nonlinear panel data models and quantile regression analysis
Fernández-Val, Iván
2005-01-01
This dissertation is a collection of three independent essays in theoretical and applied econometrics, organized in the form of three chapters. In the first two chapters, I investigate the properties of parametric and ...
Mary Smythe 1 Student Terrace, Studentland, Swansea SA1 2BC
Martin, Ralph R.
Economics Â· Econometrics & Statistics Â· Macroeconomic Models & Growth Theory Â· Game Theory, Risk design, advertising, personal persuasion Societies Training Weekend: 2004 Organised training event: Biographies, travel journals and literary fiction Travelling: Independent travel in Europe, US and Australia
Graduate School of International Cooperation Studies Curriculum Policy
Banbara, Mutsunori
Economic Cooperation Studies Macroeconomics Development Finance Seminar Advanced Research Advanced Research Econometrics Comparative Economic Development Public Finance Japanese Economic Development Socio Cooperation Law Islamic Law and Society International Environmental Law Special Lecture on Institutional
Modeling of Travel Time Variations on Urban Links in London
Hasan, Samiul
An econometric framework was developed to combine data from various sources to identify the key factors contributing to travel time variations in Central London. Nonlinear latent variable regression models that explicitly ...
The residential demand for electricity in New England,
Levy, Paul F.
1973-01-01
The residential demand for electricity, studied on the national level for many years, is here investigated on the regional level. A survey of the literature is first presented outlining past econometric work in the field ...
THE INTRANSITIVITY OF CAUSATION REVEALED IN EQUATIONS AND GRAPHS* I. Introduction
Fitelson, Branden
and employed within fields such as econometrics, epidemiology and artificial intelligence.3 These two in the counterfactual tradition has been primarily concerned with issues involving 'token' or 'singular' causation
The organization and management of nuclear power plants
Carroll, John S.
1990-01-01
The explanation of aggregate and sectoral investment behavior has been one of the less successful endeavors in empirical economics. Existing econometric models have had little success in explaining or ...
Technology Transfer Automated Retrieval System (TEKTRAN)
An integrated foundation is presented to study the impacts of external forcings on irrigated agricultural systems. Individually, models are presented that simulate groundwater hydrogeology and econometric farm level crop choices and irrigated water use. The natural association between groundwater we...
TR-IIS-05-022 A Micro-Matching Foundation of
Chen, Sheng-Wei
of Economics, Academia Sinica Jie-Ping Mo, Institute of Information Science, Academia Sinica Ping Wang of Mathematics (Academia Sinica), Vanderbilt, the Econometric Society Meetings and the Midwest Economic Theory
Forecasting and Risk Simulation: Proposed Analytical Tool
Datta, Shoumen
2008-08-01
Advances in econometrics and financial mathematics are still confined to use within the domains of stocks, bonds, shares, currency exchanges and derivatives markets. Extracting the principles (see paper by Datta & Granger) ...
77 FR 16894 - Financial Research Advisory Committee
Federal Register 2010, 2011, 2012, 2013, 2014
2012-03-22
...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...
77 FR 1454 - Request for Nominations of Members To Serve on the Census Scientific Advisory Committee
Federal Register 2010, 2011, 2012, 2013, 2014
2012-01-10
...scientific developments in statistical data collection, statistical analysis, survey methodology, geospatial analysis, econometrics, cognitive psychology, and computer science as they pertain to the full range of Census Bureau programs and...
Federal Register 2010, 2011, 2012, 2013, 2014
2011-03-01
...scientific developments in statistical data collection, statistical analysis, survey methodology, geospatial analysis, econometrics, cognitive psychology, and computer science as they pertain to the full range of Census Bureau programs and...
Federal Register 2010, 2011, 2012, 2013, 2014
2013-11-08
...scientific developments in statistical data collection, statistical analysis, survey methodology, geospatial analysis, econometrics, cognitive psychology, and computer science as they pertain to the full range of Census Bureau programs and...
Scale Mixture Models with Applications to Bayesian Inference
NASA Astrophysics Data System (ADS)
Qin, Zhaohui S.; Damien, Paul; Walker, Stephen
2003-11-01
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.
An Evaluation of Public-Sector-Sponsored Continuous Vocational Training Programs in East Germany.
ERIC Educational Resources Information Center
Lechner, Michael
2000-01-01
Econometric estimates were used to determine the effects of publicly funded continuous vocational training and retraining in the former East Germany. Results suggest that, despite large public expenditures, no positive effects occurred in the first years after training. (SK)
Williams; Jordan Louviere. 1996. "Stated Preference Approaches for Measuring Passive Use Values Choice designs, we consider alternative econometric models, such as the basic "single-bound" model that uses
49 CFR 1180.7 - Market analyses.
Code of Federal Regulations, 2010 CFR
2010-10-01
...such as Bureau of Economic Analysis statistical areas or U.S. Department...7) Supporting data for the analyses in this section, such as the...surveys and econometric or other statistical analyses. If not made part of...
Robust counterparts of inequalities containing sums of maxima of ...
2014-08-19
Tilburg University, Department of Econometrics and Operations Research, ... Based on these examples, we give recommendations for reducing the ... all methods can still be applied when a different objective is used. .... of our knowledge.
Lee, Sean, S.M. Massachusetts Institute of Technology
2008-01-01
This paper examines a second home market near Heavenly Ski Resort in South Lake Tahoe, CA to understand historical pricing behaviors and to forecast future prices using an econometric model derived from economic, demographic, ...
Sadoulet, Elisabeth
and option pricing ", with X. Chen. Science in China Series A: Mathematics, Volume 52, Number 6 / June, 2009 under general censorship", with X. Chen, Y. Fan and Z. Ying. Journal of Econometrics. Volume 157, Issue
Computing the Maximum Volume Inscribed Ellipsoid of a Polytopic ...
2015-01-23
Department of Econometrics and Operations Research ...... In case more than one CBS is determined from the k-th constraint, an interesting research topic ...... in: Analyse des travaux de l'Académie Royale des Sciences, pendant l'année.
Federal Register 2010, 2011, 2012, 2013, 2014
2010-07-30
...econometric techniques and economic assumptions utilized in the Hospital Insurance (HI) and Supplementary...regarding the Hospital Insurance and Supplementary Medical Insurance Trust Fund annual...long-term rate of growth, future changes...
survey of trust-region derivative free optimization methods
2007-06-14
results from some physical, chemical or econometrical experiment or ..... of papers, Colson and Toint [2, 3, 28] compared the unstructured algorithm .... a black-box optimization routine in optimizing energy systems [17] and for the helicopter.
Essays in International Macroeconomics and Forecasting
Bejarano Rojas, Jesus Antonio
2012-10-19
provides both conditional and unconditional predictive ability evaluations of the aluminum futures contracts prices, by using five different econometric models, in forecasting the aluminum spot price monthly return 3, 15, and 27-months ahead for the sample...
Poverty, Armed Conflict and Financial Instability
Baddeley, Michelle
, March 2003, Pages 629-646. Greene, W.H. (2008), Econometric Analysis, 6th edition, New Jersey: Pearson Prentice-Hall. Hirschleifer, J. (2001), The Dark Side of the Force: Economic Foundations of Conflict Theory, Cambridge University Press: Cambridge...
14.384 Time Series Analysis, Fall 2008
Schrimpf, Paul
The course provides a survey of the theory and application of time series methods in econometrics. Topics covered will include univariate stationary and non-stationary models, vector autoregressions, frequency domain ...
Frandsen, Brigham R
2010-01-01
This thesis is concerned with the economic consequences for individuals of two important U.S. labor market institutions: unionization and the military draft. The first chapter develops an econometric procedure for estimating ...
Technology Transfer Automated Retrieval System (TEKTRAN)
An integrated foundation is presented to study the impacts of external forcings on irrigated agricultural systems. Individually, models are presented that simulate groundwater hydrogeology and econometric farm level crop choices and irrigated water use. The natural association between groundwater we...
U.S. Energy Policy and Economic Growth, 1975-2000
Edward A. Hudson; Dale W. Jorgenson
1974-01-01
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
Bayesian Analysis, Computation and Communication Homepage
NSDL National Science Digital Library
The Bayesian Analysis, Computation and Communication site is being developed by Siddhartha Chib and John Gweke from the University of Minnesota for the project Bayesian Communication in the Social Sciences. The site provides software codes for the Bayesian communication software, utility routines and Markov chain Monte Carlo sampling of econometric models developed under the project. A software manual and an article by John Gweke titled "Using Simulation Methods for Bayesian Econometric Models: Inference, Development and Communication" is also available at the site.
An analysis of oil and gas supply modeling techniques and a survey of offshore supply models
Walls, M.A.
1990-01-01
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.
Multi-Agent Stochastic Simulation for the Electricity Spot Market Price
Matylda Jab?o?ska; Tuomo Kauranne
\\u000a The Great Recession of 2008-2009 has dented public confidence in econometrics quite significantly, as few econometric models\\u000a were able to predict it. Since then, many economists have turned to looking at the psychology of markets in more detail. While\\u000a some see these events as a sign that economics is an art, rather than a science, multi-agent modelling represents a compromise
Does Student Aid Affect College Enrollment? New Evidence on a Persistent Controversy
Michael S. McPherson; Morton Owen Schapiro
1991-01-01
ABSTRACT Numerous econometric studies, based mostly on cross-section data, have found substantial effects of student aid on college enrollment. These effects have been,hard to discern in historical data. We report here on an econometric,analysis of a time-series of college enrollment and net cost data for white students disaggregated by income,and sex. We find significant net cost effects on enrollments of
State energy modeling. Volume 1: An analysis of state energy modeling
NASA Astrophysics Data System (ADS)
Melcher, A. G.
1981-05-01
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.
The impact of regional energy-price differentials on manufacturing employment in the United States
Dye, R.A.
1988-01-01
This study is an econometric analysis of the role of industrial energy prices in the location of manufacturing employment in the United States. Historical electricity and natural gas prices are analyzed for the nine US Census divisions. Econometric regression equations are used to show the role of electricity and natural gas prices in the location of output and in labor demand for SIC sectors 22 (textiles), 28 (chemicals), and 35 (nonelectrical machinery) in each Census division. A structural econometric model is built showing the three-fold impact of energy prices on textile employment in the Middle Atlantic division. Energy prices are linked to investment, output, and the demand for labor. Energy prices are shown to have a significant but secondary role in determining the location of manufacturing employment.
Tax reform and air conditioners
Spiewak, S.
1986-09-01
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.
Energy modeling. Volume 2: Inventory and details of state energy models
NASA Astrophysics Data System (ADS)
Melcher, A. G.; Underwood, R. G.; Weber, J. C.; Gist, R. L.; Holman, R. P.; Donald, D. W.
1981-05-01
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.
The effect of relationship status on health with dynamic health and persistent relationships.
Kohn, Jennifer L; Averett, Susan L
2014-07-01
The dynamic evolution of health and persistent relationship status pose econometric challenges to disentangling the causal effect of relationships on health from the selection effect of health on relationship choice. Using a new econometric strategy we find that marriage is not universally better for health. Rather, cohabitation benefits the health of men and women over 45, being never married is no worse for health, and only divorce marginally harms the health of younger men. We find strong evidence that unobservable health-related factors can confound estimates. Our method can be applied to other research questions with dynamic dependent and multivariate endogenous variables. PMID:24769050
YONGHONG AN Department of Economics
Niebur, Ernst
21218 Phone: (410) 516-7601 329 West 30th Street Baltimore, MD 21211 Cell: (443) 248-7044 E-mail: yan4-341 "Horizontal Mergers of Online Firms: Structural Estimation and Competitive Effects" [PDF] (with Michael Baye & Resource Economics (scheduled) North American Summer Meetings of the Econometric Society 2011 University
The Substitution among the Exports of Taiwan, China, and Other Countries to the United States
Pochih Chen
2008-01-01
The substitution among the exports of countries is a major phenomenon and foundation of the fast-changing global economy. However, the econometric method using aggregate data can usually estimate the extent of substitution only several years after the substitution has happened. This paper designed a detailed market share (DMS) analysis method that uses detailed trade data to document the actual replacement
Jacques Mairesse; Bronwyn H. HALL; BENOIT MULKAY
1999-01-01
Our two related goals in this paper are the following: Firstly and mainly, we want to examine the effects of major changes in modelling strategy and econometric methodology, over the past twenty years, on estimation of firm-level investment equations using panel data. Secondly, we try to assess whether the differences in the estimated investment equations, as between recent years and
Effects of the New Capital Regulations of \\
Franz R. Hahn; Werner Hölzl
2012-01-01
The study's main feature consists in econometric estimations aiming at an approximate quantification of the effects of capital requirements for banks on the lending of small and medium sized Austrian regional banks to small and medium sized non-financial enterprises (SMEs). Small and medium sized banks focus on financing SMEs and therefore lend themselves to a detailed analysis of the effects
The dynamic effects of open-space conservation policies on residential development density
David J. Lewis; Bill Provencher; Van Butsic
2009-01-01
Recent economic analyses emphasize that designated open space increases the rents on neighboring residential land, and likewise, the probability of undeveloped land converting to residential uses. This paper addresses a different question: What is the effect of local open-space conservation on the rate of growth in the density of residential land? A discrete-choice econometric model of lakeshore development is estimated
The Spatial Distribution of the Internet in the European Union: Does Geographical Proximity Matter?
Margarita Billón; Roberto Ezcurra; Fernando Lera-López
2008-01-01
This paper examines the spatial distribution of the Internet in the European regions. To achieve this aim, our analysis combines a set of non-parametric techniques proposed in the context of the economic growth literature, with various spatial econometric instruments. The results reveal that regional disparities in Internet adoption are greater than territorial inequalities in gross domestic product (GDP) per capita.
Does Growing up with a Parent Absent Really Hurt?
Kevin Lang; Jay L. Zagorsky
2001-01-01
It is widely recognized that children who grow up without a biological parent do worse, on average, than other children. However, because having a single parent is highly correlated with many other socioeconomic disadvantages, the negative outcomes might be caused by something beyond the parent's absence. Econometric tests using a variety of background controls and parental death as an exogenous
Knowledge Does Not Fall Far from the Tree - A Case Study on the Diffusion of Solar Cells in Germany
Johannes Rode; Alexander Weber
2011-01-01
The purpose of this paper is to illuminate the geographical diffusion of photovoltaic installations in Germany quantitatively and to test if preexisting photovoltaic systems stimulate further installations nearby; thus we investigate to which extent knowledge flows depend on geographic proximity. We develop an econometric model, which is discrete in time and space, but the level of geographical agglomeration is adjustable
How OECD policies affected Latin America in the 1980s
Chris Allen; David Currie; T. G. Srinivasan; David Vines
1992-01-01
The authors assess the effects of OECD monetary and fiscal policies on Latin America by means of simulation studies using the LBS\\/NIESR Global Econometric Model and a new empirical model of Latin America. The Latin American model pays special attention to the supply-side determination of natural rate of output and to the effects of asset accumulation. The Latin American model
Peter B. Woodbury; Linda S. Heath; James E. Smith
2007-01-01
We developed matrices representing historical area transitions between forest and other land uses. We projected future transitions on the basis of historical transitions and econometric model results. These matrices were used to drive a model of changes in soil and forest floor carbon stocks. Our model predicted net carbon emission from 1900 until 1982, then sequestration until 2030, with little
Sequential Versus Simultaneous Market Delineation: The Relevant Antitrust Market for Salmon
Feigon, Brooke
1 Sequential Versus Simultaneous Market Delineation: The Relevant Antitrust Market for Salmon salmon, we propose a methodology for simultaneous market delineation and we demonstrate that compared: Relevant Market; Econometric Delineation; Salmon. Acknowledgments: We would like to thank Tobias KÃ¸bke
UNIVERSITY OF CALIFORNIA, SANTA CRUZ DEPARTMENT OF ECONOMICS
California at Santa Cruz, University of
: Demonstrated expertise in experimental or behavioral economics, microeconomic theory, econometrics or cognitive: Demonstrated record of research, publications, teaching in higher education, and academic or professional in experimental economics/behavioral economics at the (tenure-track) assistant professor or (tenured) associate
Bent J. Christensen; Nicholas M. Kiefer
We treat identi…cation and inference in dynamic programming models of investment in advertising campaigns, search, and marketing. Many insights relevant for general dynamic programming models are motivated by earlier work on the econometrics of the search model. Issues considered include interval identi…cation, the curses of determi- nacy and degeneracy, the precise role of Bellman's equation in identi- …cation, and the
Economic Effects of Precipitation Enhancement in the Corn Belt
Philip Gapcia; Musa Pinar
1990-01-01
Policy formulation in weather modification requires an understanding of the economic effects from altered weather. The focus of this study is to provide insight into the beneficiaries of a functioning weather modification technology when applied at various spatial and temporal levels. An econometric model which links the corn\\/scybean production to U.S. cattle, hog and poultry sectors is used to determine
Learning in Artificial Neural Networks: A Statistical Perspective
Halbert White
1989-01-01
The premise of this article is that learning procedures used to train artificial neural networks are inherently statistical techniques. It follows that statistical theory can provide considerable insight into the properties, advantages, and disadvantages of different network learning methods. We review concepts and analytical results from the literatures of mathematical statistics, econometrics, systems identification, and optimization theory relevant to the
Beneath Education Production Functions: The Case of Primary Education in Jamaica
ERIC Educational Resources Information Center
Lockheed, Marlaine E.; Harris, Abigail M.
2005-01-01
Qualitative follow-up was used to add depth to an econometrically based investigation of home and school predictors of achievement in Jamaica (Glewwe, Grosh, Jacoby, & Lockheed, 1995). In the original investigation, theory and research were used to identify potential predictors. Data on these factors, as well as student achievement, were collected…
ERIC Educational Resources Information Center
Deane, Robert T.; And Others
The development of econometric models and a data base to predict the responsiveness of arts institutions to changes in the economy is reported. The study focused on models for museums, theaters (profit and non-profit), symphony, ballet, opera, and dance. The report details four objectives of the project: to identify useful databases and studies on…
Robust Prediction of Beta Marc G. Genton1
Genton, Marc G.
, University of Geneva, Bd du Pont-d'Arve 40, CH-1211 Geneva 4, Switzerland. Marc.Genton@metri.unige.ch 2 Department of Econometrics, University of Geneva, Bd du Pont-d'Arve 40, CH-1211 Geneva 4, Switzerland the rate of return rt of a given security with respect to that of the risk-free asset rft is regressed
EXTERNAL FINANCE: A NECESSARY COMPONENT IN GROWTH PROJECTIONS FOR SOUTHERN AGRICULTURE
John B. Penson Jr.
1977-01-01
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
Choi, Hankyeung
2012-10-19
financial crisis of 2008, the change in casual relationships was examined in terms of pre- and post-break periods. In conclusion, when a multivariate econometric model is developed for multi-markets and multi-players, it is necessary to consider a number...
The Impact of Cell Phones and BAC Laws on Motor Vehicle Fatality Rates
Peter D. Loeb; William A. Clarke; Richard Anderson
2007-01-01
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
The impact of cell phones on motor vehicle fatalities
Peter D. Loeb; William A. Clarke; Richard Anderson
2009-01-01
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
The cell phone effect on pedestrian fatalities
Peter D. Loeb; William A. Clarke
2009-01-01
This paper examines the impact of cell phone usage on pedestrian fatalities in the United States using econometric models and specification error tests. The model makes use of a polynomial specification so as to allow for potential life-saving and life-taking effects of cell phones. The results indicate that when cell phones were first introduced they had an adverse effect on
Analysing the Economic Performance of Irish Dairy Farmers 1998-2006
Paul Smyth; Anne Marie Butler; Thia C. Hennessy
2008-01-01
This paper reviews the economic performance of Irish dairy farms over the period 1998 to 2006. Econometric techniques are employed to examine the variation in cost structures and to identify the factors affecting farm profitability. The overall objective of the paper is to establish the long term sustainability of dairy farming in Ireland and to explore the ability of farmers
Modeling transition in Central Asia: the Case of Kazakhstan
Gilles DUFRENOT; Adelya OSPANOVA; Alain SAND-ZANTMAN
2010-01-01
This paper presents a small macro-econometric model of Kazakhstan to study the impact of various economic policies. It uses a new approach to test the existence of a level relationship between a dependent variable and a set of regressors, when the characteristics of the regressors’ non-stationarity are not known with certainty. The simulations provide insights into the role of a
Financial Development and Growth: A Re-Examination using a Panel Granger Causality Test
Christophe Hurlin; Baptiste Venet
2008-01-01
In this paper we investigate the causal relationship between financial development and economic growth. We use an innovative econometric method which is based on a panel test of the Granger non causality hypothesis. We implement various tests with a sample of 63 industrial and developing countries over the 1960-1995 and 1960-2000 periods. We use three standard indicators of financial development.
A frontier model for landscape ecology: the tapir in Honduras
Kevin M. Flesher; Eduardo Leyy
1996-01-01
We borrow a frontier specification from the econometrics literature to make inferences about the tolerance of the tapir to\\u000a human settlements. We estimate the width of an invisible band surrounding human settlements which would act as a frontier\\u000a or exclusion zone to the tapir to be around 290 metres.
ERIC Educational Resources Information Center
Golladay, Fredrick L.; And Others
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…
The Performance of Internet-Based Business Models: Evidence from the Banking Industry
Robert DeYoung
2005-01-01
The initial Internet bank startups tended to underperform branching bank startups. This suggested that Internet-only business models were not economically viable for banks. However, firms that pioneer new business models may benefit substantially from experience as they grow older, and firms that use automated production technologies may benefit from scale effects as they grow larger. Econometric analysis of Internet-only bank
Madelene Malmsten; Demetris F. Lekkas
2010-01-01
An econometric model has been developed that represents the cost structure of water supply and waste water treatment in an urban area. This paper proposes a method to capture the fi nancial characteristics of the underlying organisation and addresses the steps and the conceptualisation in order to create a cost structure for municipal water utilities. The estimation procedure is based
The Cyclic Behavior of the National Office Market
William C. Wheaton
1987-01-01
A review of the post WWII data on national office building construction and vacancy, reveals a recurrent ten-twelve year cycle. Specifying and estimating a structural econometric model for these series leads to several conclusions about this commercial real estate sector. First, the office market appears to \\
Determinants of internet advertising effectiveness: an empirical study
George Baltas
2003-01-01
This paper considers the structure of advertising effectiveness on the internet. It investigates empirically the importance of creative and media factors for banner effectiveness. Econometric modelling of actual data on banner ads demonstrates that creative factors such as banner size, animation, message length and logos, as well as media factors such as campaign length, number of host websites, use of
Advertising Effects and Effectiveness
Mike T. Bendixen
1993-01-01
The results of the application of an integrated econometric time-series model for advertising effectiveness is presented. The model form gives rise to three possible advertising effects: brand loyalty, current effects (both simple and compound) and carryover effects. The inherent nature of these effects is related to the degree of involvement and the affective or cognitive aspects of the purchase decision.
Technology sourcing and FDI in the EC: An empirical evaluation
D. Neven; G. Siotis
1996-01-01
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
China's FDI and non-FDI economies and the sustainability of future high Chinese growth
John WHALLEY; Xian XIN
2010-01-01
This paper presents and assesses of the contribution of inward FDI to China's recent rapid economic growth using a two stage growth accounting approach. Recent econometric literature focuses on testing whether Chinese growth depends on inward FDI rather than measuring the contribution. Foreign Invested Enterprises (FIEs), often (but not exclusively) are joint ventures between foreign companies and Chinese enterprises, and
ERIC Educational Resources Information Center
Pugh, Geoff; Telhaj, Shqiponje
2008-01-01
Social capital theory, recent developments in the theory of identity and a small econometric literature all suggest positive attainment effects from faith schooling. To test this hypothesis, the authors use a unique data set on Flemish secondary school students from the 1999 repeat of the Third International Mathematics and Science Study to…
Education and Nonmetropolitan Income Growth in the South.
ERIC Educational Resources Information Center
Henry, Mark; Barkley, David; Li, Haizhen
Investigations of the linkages between improved schools and local economic development are rare. This paper considers several models that introduce human capital as a potential source of economic growth in the rural South. Results from various econometric models indicate that across the South, county per capita income growth rates from 1970 to…
The Relationship of Class Size Effects and Teacher Salary
ERIC Educational Resources Information Center
Peevely, Gary; Hedges, Larry; Nye, Barbara A.
2005-01-01
The effects of class size on academic achievement have been studied for decades. Although the results of small-scale, randomized experiments and large-scale, econometric studies point to positive effects of small classes, some scholars see the evidence as ambiguous. Recent analyses from a 4-year, large-scale, randomized experiment on the effects…
Disaggregating residential water demand for improved forecasts and decision making
G. Woodard; D. Brookshire; J. Chermak; K. Krause; J. Roach; S. Stewart; V. Tidwell
2003-01-01
Residential water demand is the product of population and per capita demand. Estimates of per capita demand often are based on econometric models of demand, usually based on time series data of demand aggregated at the water provider level. Various studies have examined the impact of such factors as water pricing, weather, and income, with many other factors and details
Fufa Bekabil; Belete Anemut
2009-01-01
Local residents’ willingness to pay and expected net loss as a result of park with people conservation strategy of the Semien Mountain National Park (SMNP) were analyzed using Heckman two stages econometric estimation procedure. The model results showed that age, degradation of farm plots, use of improved technologies, livestock ownership, cultivable land owned, perception of land degradation and land tenure
Mortgage Refinancing, Adverse Selection, and FHA's Streamline Program
David M. Brickman; Patric H. Hendershott
2000-01-01
When interest rates decline, borrowers whose houses have appreciated significantly refinance out of FHA, while those whose houses have not do not. We provide evidence of the negative impact of regular (nonstreamline) refinancing in the mid-1980s on the average quality of FHA's surviving business. We demonstrate this adverse selection both informally and econometrically. We also argue that the sharp reduction
What money buys: clients of street sex workers in the US
Marina Della Giusta; Maria Laura Di Tommaso; Isilda Shima; Steinar Strøm
2006-01-01
An econometric model that explores the effect of personal characteristics and attitudes of clients on their demand for prostitution is estimated on data from a survey of clients of street sex workers in the US. The results reveal that clients of street sex workers in our sample have two diametrically opposite profiles: one for clients who declared never to have
Energy Models and the Policy Process.
ERIC Educational Resources Information Center
De Man, Reinier
1983-01-01
Describes the function of econometric and technological models in the policy process, and shows how different positions in the Dutch energy discussion are reflected by the application of different model methodologies. Discussion includes the energy policy context, a conceptual framework for using energy models, and energy scenarios in policy…
Deterrence and knowledge of the law: The case of drunk driving
Donald S. Kenkel; Steven F. Koch
2001-01-01
During the past decade, hundreds of new state laws have increased the certainty, severity and swiftness of punishment for drunk driving. These new laws can deter drunk driving only to the extent people know about them. In this empirical paper the role incomplete information plays in an econometric model of drunk driving deterrence is explored. Little evidence is found that
Consumer Health Information and the Demand for Medical Care
Don Kenkel
1990-01-01
This paper is an empirical investigation of consumer health information. Using a new direct measure of information, the econometric approach treats both information and physician visits as endogenous variables when estimating the demand for medical care. The results show that information increases the probability that a consumer uses medical care, but that conditional on use the quantity of care consumed
Donald S. Kenkel; Joseph V. Terza
2001-01-01
Although there are encouraging trends, alcohol abuse continues to be a significant public health problem. Econometric studies of alcohol demand have yielded a great deal of information for alcohol abuse prevention policy. These studies suggest that higher alcohol taxes and stricter drunk-driving policies can reduce heavy drinking and drunk driving. In this paper we explore the role physician advice plays
STATE OF CALIFORNIA THE RESOURCES AGENCY Edmund Brown, Governor March 14, 2011
Commission satisfied with the current methods? Energy Commission staff will be using both end-use models Trade Model (WGTM) for natural gas assessments and forecasting. The Energy Commission staff is currently and econometric models in the next forecast. The Energy Commission always strives to improve its methods. Staff
Model documentation: household model of energy
Holte
1984-01-01
The Household Model of Energy is an econometric model, meaning that energy use is determined quantitatively with the use of economic variables such as fuel prices and income. HOME is also primarily a structural model, meaning that energy use is determined as the result of interactions of intermediate components such as the number of households, the end use fuel shares
L. J. Williams; J. W. Boyd; R. T. Crow
1978-01-01
Forecasts of end-use consumption of electricity, petroleum, natural gas, and coal for the years 1980 to 2000 are presented. The forecasts are based on an econometric model whose equations represent energy consumption of each form of energy in each end-use sector. The forecasts are based on a forecast of longrun economic growth coupled with three scenarios concerning energy prices and
A. M. Borges; R. T. Crow
1981-01-01
National forecasts of end use consumption of electricity, liquid hydrocarbons, gaseous hydrocarbons, and coal are presented. The forecasts are based on an econometric model whose equations represent energy consumption of each form of energy in each end use sector. Each forecast is conditional upon a common forecast of long run economic growth, coupled with a scenario concerning energy prices and
Demand analysis system elasticities
B. N. Cohen; J. A. Holte; P. J. Werbos
1985-01-01
The Demand Analysis System (DAS) provides energy consumption projections for the residential, commercial, industrial, and transportation sectors to 1995. These projections are developed within an integrated supply\\/demand balance framework known as the Intermediate Future Forecasting System (IFFS). Each of the end-use sectors is represented by a detailed structural econometric model within IFFS. These models are fully described in documentation reports,
Modelling energy demand of developing countries: Are the specific features adequately captured?
Subhes C. Bhattacharyya; Govinda R. Timilsina
2010-01-01
This paper critically reviews existing energy demand forecasting methodologies highlighting the methodological diversities and developments over the past four decades in order to investigate whether the existing energy demand models are appropriate for capturing the specific features of developing countries. The study finds that two types of approaches, econometric and end-use accounting, are commonly used in the existing energy demand
A. G. Lawrence; M. Parti
1984-01-01
Several recent econometric studies of residential energy use are reviewed. These studies specify residential energy use as the sum of energy use in each of several household appliances (including space conditioning systems). The energy used in each of the enumerated appliances (e.g., end-uses) is called its unit energy consumption (UEC) coefficient. Most of the studies use household survey data combined
D. J. Wood; H. Ruderman; J. E. McMahon
1989-01-01
This paper revises and extends EPRI report EA-3409, Household Appliance Choice: Revision of REEPS Behavioral Models.'' That paper reported the results of an econometric study of major appliance choice in new residential construction. Errors appeared in two tables of that report. We offer revised versions of those tables, and a brief analysis of the consequences and significance of the errors.
Energy demand models for policy formulation : a comparative study of energy demand models
Subhes C. Bhattacharyya; Govinda R. Timilsina
2009-01-01
This paper critically reviews existing energy demand forecasting methodologies highlighting the methodological diversities and developments over the past four decades in order to investigate whether the existing energy demand models are appropriate for capturing the specific features of developing countries. The study finds that two types of approaches, econometric and end-use accounting, are used in the existing energy demand models.
September 6, 2011 CURRICULUM VITAE
Barthelat, Francois
as a Fellowship recipient." " - Pierre de Fermat Chair of excellence ("Chaire d'excellence Pierre de Fermat), Université de Montréal (1973) - B.Sc. (Honours) Mathematics, McGill University (1971) FIELDS - Econometrics of Economics, McGill University, 2007 - - Emeritus Professor of Economics, Université de Montréal, 2008 - 1 #12
A Method for Estimating the Cost of CO2 Mitigation through Afforestation
Andrew J. Plantinga; Thomas Mauldin
2001-01-01
The Kyoto Protocol allows Annex I countries to use afforestation (theconversion of non-forest landto forest) to meet emissions reduction targets. We present a new method forestimating the cost of CO2mitigation through afforestation based on econometric models of land use. Landuse models are developed from dataon observed land allocation decisions and quantify the relationship betweenthe share of land in forest and
JENNY N. LYE; IAN M. MCDONALD
2006-01-01
In this paper we compare the estimates of the range model in Lye and McDonald (2005a) with estimates of a natural rate model. We find that the range model is superior to the natural rate model according to econometric criteria and economic plausibility. Our estimates of the range model suggest that a significantly lower rate of unemployment is obtainable at
MATHEMATICS MAJOR REQUIREMENTS: ADVISEMENT FORM BACHELOR OF SCIENCE DEGREE
Maryland, Baltimore County, University of
to Econometrics EDUC 320 Teaching Mathematics in the Elementary School EDUC 426 Teaching Mathematics to Mathematical Analysis II OR MATH 401 Mathematics Analysis CMSC 201 Computer Science I PHYS 121 Introductory MATH 301 to be accepted) CMSC 341 Data Structures CMSC 441 Algorithms CMSC 442 Information and Coding
1 UPDATED 5 Sep 2014 T R A V I S J . L Y B B E R T
California at Davis, University of
N CORNELL UNIVERSITY, Ph.D. Applied Economics, 2004 CORNELL UNIVERSITY, M.S. Agricultural Economics of Microeconomics Honors Environmental Economics Honors GIS & Economics Honors Introduction to Econometrics Journal of Agricultural Economics 95(2): 339-345. 35. Travis J. Lybbert and Ghada Elabed. 2013. "Olive Oil
Farm Household Production Efficiency: Evidence from The Gambia
Jean-Paul Chavas; Ragan Petrie; Michael Roth
2005-01-01
This article investigates the economic efficiency of farm households, with an application to The Gambia. The efficiency analysis is conducted not at the farm level but at the household level, thus capturing the importance of off-farm activities. Output-based measures of technical, allocative, and scale efficiency are generated using nonparametric measurements. An econometric analysis of factors affecting the efficiency indexes is
ERIC Educational Resources Information Center
Hendrickson, Les
The study of the same people at several occasions is known by various names: panel studies, multi-wave, multi-variable models, cohort analysis, and gain score analysis. The use of econometric concepts, path analysis, and structural equation analysis to study multi-wave, multi-variable models became widespread in methodological practice in the late…
CERNA WORKING PAPER SERIES Assessing Indicators of Patent Quality
1 CERNA WORKING PAPER SERIES Assessing Indicators of Patent Quality: Complex vs. Discrete-00488275,version1-1Jun2010 #12;2 Assessing Indicators of Patent Quality: Complex vs. Discrete Technologies indicators of patent quality in complex and discrete technologies using factor analysis and econometric
Patents and R&D: Is There A Lag?
Bronwyn H. Hall; Jerry A. Hausman
1986-01-01
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
Paris-Sud XI, UniversitÃ© de
capital production function using two econometric strategies (controlling for covariates; instrumental in the mining, steel and textiles-clothing. This restructuring has had major impacts on the labour market.fr. 1 Restructuring is usually defined as substantial variation in the share of employment or added
Analysis of Italian Market of Syrah Wine
Antonio Seccia; Gianluca Nardone; Antonio Stasi
2008-01-01
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
THE IMPACT OF THE FINANCIAL CRISIS ON THE LIVING STANDARD: AN EMPIRICAL INVESTIGATION
M. M. Islam; Chamhuri Siwar; M. A. Karim
2007-01-01
This paper reports on a survey of Malaysian low-income households carried out in December 1998. To attain its objectives, the study employed a multiplicity of econometric and statistical techniques. This study showed that the financial crisis has had a negative impact on the living standard of low-income households in Malaysia but it varies across the region, location, size of household,
Improving Safety in High-Speed Work Zones: A Super 70 Study
Andrew P Tarko; Mouyid Bin Islam; Jose E. Thomaz
2011-01-01
Super 70 was an urban reconstruction project (March-November 2007) along I-70 in the central part of Indianapolis. INDOT applied in that project several innovative and traditional solutions. This study investigates the safety effect of the solutions. Advanced econometric models were applied to study both the spatial differences in the risk of crash on different roads inside and outside of the
The School of Social Sciences Peter Hartley
Richards-Kortum, Rebecca
Joon Park Robin C.Sickles Ronald Soligo George R.Zodrow PROFESSORS EMERITI Donald L.Huddle Gordon W. The eight major fields available for graduate study are econometrics, economic development, economic theory Introduction to Operations Research CAAM 400 Case Studies in Applied Mathematics CAAM 435 Ordinary Differential
150 Economics 151 And either ECON 355 Financial Markets and Institutions, ECON 375 Macro-
Richards-Kortum, Rebecca
Introduction to Operations Research CAAM 400 Case Studies in Applied Mathematics Economics The School of Social Mahmoud El-Gamal Malcolm Gillis Simon Grant Peter Mieszkowski HervÃ© Moulin Joon Park Robin C. Sickles major fields available for graduate study are econometrics, economic development, economic theory
Joe Kerkvliet; Christian Langpap
2007-01-01
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
Precious Metal Availability and Cost Analysis for PEMFC
Â· Obtain critical feedback from the important participants in the PGM value chain on the model assumptions Industry Feedback Fuel Cell Market Projections PGM Value Chain Econometric Model PGM Data Â· Annual PGM commercialization scenarios Â· Description of value chain (mine to market) Â· Recycling value chain process scenario
Weimin Huang; Leping Shen
2008-01-01
In the preceding papers of analyzing the factors of effecting region economic development, the researchers mostly select some factors by subjective experience, then analyze positively the effect of the selected factors to economic development by econometric model. This paper applicant the theories of the rough set and entropy to analyze the data without subjective experience, so can get the conclusion
Wind Turbine Shutdowns and Upgrades in Denmark: Timing Decisions and the Impact of Government Policy
Lin, C.-Y. Cynthia
Wind Turbine Shutdowns and Upgrades in Denmark: Timing Decisions and the Impact of Government structural econometric model of wind turbine owners' decisions about whether and when to add new turbines the underlying profit structure for wind producers and evaluate the impact of technology and government policy
Livestock as a buffer against HIV and AIDS income shocks in the rural households of Zimbabwe
Munyaradzi J Mutenje; Cletos Mapiye; Zira Mavunganidze; Marizvikuru Mwale; Violet Muringai; Constance S Katsinde; Ivy Gavumende
2008-01-01
The objective of this study was to determine the extent to which households use livestock sales to mitigate the impact of HIV\\/AIDS income shocks. Using survey data from the Muzarabani and Bindura districts of Mashonaland Central Province in Zimbabwe, the econometric analysis indicated that livestock, particularly poultry and small stock, play a significant role in smoothing income fluctuations due to
Dalton Conley
2009-01-01
In this paper, I argue that social science and genomics can be integrated; however, the way this marriage is currently occurring rests on spurious methods and assumptions and, as a result, will yield few lasting insights. However, recent advances in both econometrics and in developmental genomics provide scientists with a novel opportunity to understand how genes and environment interact to
Agricultural Water Demand Along the Colorado River Main Stem
Fay, Noah
Agricultural Water Demand Along the Colorado River Main Stem: An Econometric Analysis Advisor: Dr Â· Agriculture is by far the largest water user in the state of Arizona (70%) Municipal Industrial Agriculture 25 is excluding agricultural use of CAP water) CO River near Yuma, AZ #12;Value of research Â· Provide information
Chen, Wei
for Engineers __IMC 303 Advertising __IMC 304 Direct Marketing __*IEMS 399 ___ Industrial Behavioral Sciences Service Operations Management __*IEMS 399 ___ Statistics and Quality Control __Econ 281 Intro to Applied Econometrics __IEMS 304 Statistics II __IEMS 305 Statistical Methods of Quality Improvement __IEMS 306 Decision
Chen, Wei
__IMC 303 Advertising __IMC 304 Direct Marketing __*IEMS 399 ___ Industrial Behavioral Sciences __CFS __IEMS 383 Service Operations Management __*IEMS 399 ___ Statistics and Quality Control __Econ 281 Intro to Applied Econometrics __IEMS 304 Statistics II __IEMS 305 Statistical Methods of Quality Improvement __IEMS
Assesing Advertising Efficiency: Does the Internet Play a Role?
Albena Pergelova; Diego Prior; Josep. Rialp
2009-01-01
This research focuses on a major concern for marketers addressing the claims of inefficiency of the spending on advertising. We examine whether the Internet can help increase overall advertising efficiency. Using a sample from the Spanish automobile industry, we combine a nonparametric method - Data Envelopment Analysis - with recent important insights from statistics and econometrics studies, and we find
Decision support system for utility performance evaluation
L. Anselin; J. S. Henderson
1985-01-01
In a previous NRRI report (Anselin, Pike, Smith (1981), ''The Measurement of Electric Utility Performance: Preliminary Analysis''), an overview of several traditional methodologies to achieve this was presented (management audits, financial and engineering indexes, econometric studies), and a new technique based on multicriteria decision analysis was suggested. In this report, the decision analytic method for performance evaluation is considered in
Exchange Rate Puzzles: A Review of the Recent Theoretical and Empirical Developments
Thabo M Mokoena; Rangan Gupta; Renee van Eyden
2010-01-01
This paper presents a comprehensive literature review of the theoretical and empirical developments that have taken place over the last two decades in an attempt to address the exchange rate puzzles. Specifically, it discusses the nonlinear and Bayesian econometric techniques, dynamic general equilibrium models, and the market microstructure approach that have been designed to address the three exchange rate puzzles,
Schools and Labor Market Outcomes. EQW Working Papers WP33.
ERIC Educational Resources Information Center
Crawford, David L.; And Others
The relationship between school characteristics and labor market outcomes was examined through a literature review and an econometric analysis of the effects of various characteristics of the schooling experience on students' labor market performance after high school. Data from the National Center on Education Statistics' longitudinal survey of…
Peha, Jon M.
such as improving healthcare (Lua, Xiao, Sears, & Jacko, 2005), facilitating civic engagement (Norris, 2003 consists of computers and Internet access (either dial-up or broadband). Many believe it is important), and improving education (Tinio, 2003). This paper presents an econometric study of how putting ICT in schools
Leisure travel in Europe and airline business models: A study of regional airports in Great Britain
Andreas Papatheodorou; Zheng Lei
2006-01-01
Tourism and air transport are explicitly linked especially in the context of leisure traffic. This paper highlights this relationship by focusing on the impact of the three main airline business models (traditional scheduled, charter and low-cost) on regional airports using Britain as a case study. The panel data econometric results show that despite the current perception, low cost carriers are
Hickman, Mark
Risk Management During the 2008-09 Financial Crisis?* Michael McAleer Econometric Institute Erasmus losses exceed the estimated VaR. In this paper we define risk management in terms of choosing sensibly alternative risk models, discuss the choice between a conservative and aggressive risk management strategy
23.5is the average age of our MSc in Actuarial Science students
Weyde, Tillman
AssetModels · TopicsinQuantitativeRiskManagement · HedgeFunds · EconometricModelling · CreditRiskManagement · Mergers&Acquisitions to one of the largest finance faculties in Europe. Studying for your Masters here means being part-time Induction (two weeks) Term one · FinancialMathematics(CT1) · Finance&FinancialReporting(CT2) · Probability