These are representative sample records from Science.gov related to your search topic.
For comprehensive and current results, perform a real-time search at Science.gov.
1

Econometrics Links  

NSDL National Science Digital Library

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

2

Nonparametric Econometrics  

Microsoft Academic Search

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

Adrian Pagan; Aman Ullah

3

Conferences with Econometric Interest  

NSDL National Science Digital Library

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

1999-01-01

4

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.

5

New Econometric Methods - Assignments  

NSDL National Science Digital Library

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

Mit

6

New Econometric Methods - Syllabus  

NSDL National Science Digital Library

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

Mit

7

Foundations and Trends R Econometrics  

E-print Network

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

Lansky, Joshua

8

Misspecification Tests in Econometrics  

Microsoft Academic Search

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

L. G. Godfrey

1988-01-01

9

Simulation-based Econometric Methods  

Microsoft Academic Search

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

Christian Gourieroux; Alain Monfort

1996-01-01

10

The Econometrics of Financial Markets  

E-print Network

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 Award of Financial Markets has become a new landmark in financial economics, extending and enhancing the Nobel Prize

Landweber, Laura

11

MULTIMOD Econometric Model  

NSDL National Science Digital Library

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

1998-01-01

12

New Econometric Methods - Reading List  

NSDL National Science Digital Library

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

Mit

13

Econometrics: A Bird's Eye View  

E-print Network

of VAR pop- ularized in econometrics by Sims (1980) as a response in macroeconometric modelling to the rational expectations revolution. The nature of restrictions are determined by the particular dependence of A and B on a few "deep" or structural... in policy. The econometric lesson has been to pay attention to possible breaks in economic relations. There now exists a large body of work on testing for structural change, detection of breaks (single as well as multiple), modelling of break processes...

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

14

Econometrics and Data Analysis I Yale University  

E-print Network

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

15

The Econometrics of Data Combination Geert Ridder  

E-print Network

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

Weaver, Harold A. "Hal"

16

Research Assistant (Econometrics Specialist) -Centro de Estudios Puertorriqueos Job Title: Research Assistant (Econometrics Specialist)  

E-print Network

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

Qiu, Weigang

17

Econometrics and Data Analysis I Yale University  

E-print Network

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

18

Tier II Canada Research Chair Financial Econometrics  

E-print Network

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

Sinnamon, Gordon J.

19

An introduction to financial econometrics Jianqing Fan  

E-print Network

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

Wang, Lily

20

Graphical models, causal inference, and econometric models  

E-print Network

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

Spirtes, Peter

21

The econometrics of financial markets  

Microsoft Academic Search

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

Adrian Pagan

1996-01-01

22

14.32 Econometrics, Spring 2003  

E-print Network

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

Angrist, Joshua David

23

A selective overview of nonparametric methods in financial econometrics  

E-print Network

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

Fan, Jianqing

24

Crystal study and econometric model  

NASA Technical Reports Server (NTRS)

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.

1975-01-01

25

Econometric models of the demand for energy  

SciTech Connect

Various types of models are used, including more or less traditional econometric models, as well as combined engineering-econometric models. All of the studies focus on demand for energy by households rather than by commercial or industrial users. Virtually all of the research was sponsored by the Electric Power Research Institute. A separate abstract was prepared for each of the eight chapters.

Moroney, J.R. (ed.)

1984-01-01

26

THE ECONOMETRICS OF CARTEL OVERCHARGES Marcel BOYER  

E-print Network

THE ECONOMETRICS OF CARTEL OVERCHARGES Marcel BOYER Rachidi KOTCHONI March 21, 2011 REVISED August://www.enseignement.polytechnique.fr/economie/ mailto:chantal.poujouly@polytechnique.edu hal-00631429,version1-12Oct2011 #12;THE ECONOMETRICS OF CARTEL : Connor et Lande (2006) survolent la littérature sur les majorations de prix imposées par les cartels et

Paris-Sud XI, Université de

27

An Introduction to Classical Econometric Theory  

Microsoft Academic Search

This book is designed to fill the gap between introductory undergraduate texts and advanced texts for graduate students. Its comprehensive coverage ensures that readers understand both the 'how' and the 'why' of econometrics, as it explains not only the mathematical techniques for econometric problem-solving but also the mathematical foundations of the discipline. Developed with careful pedagogical methodology throughout, the text

Paul A. Ruud

2000-01-01

28

THE TJALLING C+ KOOPMANS ECONOMETRIC THEORY PRIZE: 19941996  

E-print Network

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

Davis, Richard A.

29

ECON 502 Syllabus Syllabus for ECON 502: Econometric Methods  

E-print Network

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

Suzuki, Masatsugu

30

Essays in econometrics and random matrix theory  

E-print Network

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

Harding, Matthew C

2007-01-01

31

Essays on identification and semiparametric econometrics  

E-print Network

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, ...

Schrimpf, Paul

2011-01-01

32

High Dimensional Sparse Econometric Models: An Introduction  

E-print Network

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 ...

Belloni, Alexandre

2011-06-26

33

Article No. ectj?????? Econometrics Journal (2008), volume 04, pp. 132.  

E-print Network

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

Wolfe, Patrick J.

34

Syllabus for Ec 122: Econometrics Room: 125 Baxter  

E-print Network

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

Low, Steven H.

35

Limit theorems for bipower variation in financial econometrics  

E-print Network

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

Wolfe, Patrick J.

36

Econometric Models of Asymmetric Ascending Auctions Department of Economics  

E-print Network

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

Niebur, Ernst

37

ISSN 1745-9648 Econometric Evidence on the Impacts of  

E-print Network

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

Feigon, Brooke

38

Working Paper 03-24 Statistics and Econometrics Series 05  

E-print Network

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

Ortega, Esther Ruiz

39

Regression and Causation: A Critical Examination of Six Econometrics Textbooks  

E-print Network

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

California at Los Angeles, University of

40

Python for Unified Research in Econometrics and Statistics Roseline Bilina  

E-print Network

Python for Unified Research in Econometrics and Statistics Roseline Bilina Steve Lawford Cornell-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

Boyer, Edmond

41

Economics 397 Spring 1998 Macro-Econometrics Professor Miller  

E-print Network

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

Ahmad, Sajjad

42

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

E-print Network

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

Wolfe, Patrick J.

43

Parallel Computation In Econometrics: A Simplified Approach Jurgen A. Doornik  

E-print Network

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

Wolfe, Patrick J.

44

Integer-valued Levy processes and low latency financial econometrics  

E-print Network

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

Wolfe, Patrick J.

45

Discussion on Agricultural Econometrics: Its History and Its Future  

E-print Network

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

McCarl, Bruce A.

46

Maximum likelihood estimation of econometric frontier functions  

Microsoft Academic Search

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

William H. Greene

1980-01-01

47

Matching as an Econometric Evaluation Estimator  

Microsoft Academic Search

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

James J. Heckman; Hidehiko Ichimura; Petra Todd

1998-01-01

48

Pulling Econometrics Students up by Their Bootstraps  

ERIC Educational Resources Information Center

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

O'Hara, Michael E.

2014-01-01

49

Econometric model of petroleum drilling in Texas  

Microsoft Academic Search

This dissertation describes an econometric model of petroleum drilling in the state of Texas. The model is composed of a set of equations describing: (1) the number of wells drilled each year, (2) the number of successful wells and (3) the resulting volume of reserve additions. Due to uneven sample sizes, the model is broken into two separate blocks and

Bremmer

1985-01-01

50

Econometric model of petroleum drilling in Texas  

SciTech Connect

This dissertation describes an econometric model of petroleum drilling in the state of Texas. The model is composed of a set of equations describing: (1) the number of wells drilled each year, (2) the number of successful wells and (3) the resulting volume of reserve additions. Due to uneven sample sizes, the model is broken into two separate blocks and each block is independently estimated. Historical simulations are performed to verify the predictive accuracy of the estimated model. The model is combined with a recent econometric model of Texas oil and natural gas production. As an example to demonstrate how the integrated model can be used in policy analysis, the effect of an increase in the severance tax on oil and natural gas production is analyzed.

Bremmer, D.S.

1985-01-01

51

Econometric methods in real estate appraisal  

E-print Network

Price Estimates and Associated t-Statistics for an Econometric Model of the College Station Housing Market, 1978 . Influence of Neighborhood Stage of Development on Sale Prices of Residences in College Station, 1978. 32 34 39 The Influence... of Housing Construction Qual ity on Sales Prices of Residences in College Station, 1978. The Influence of Four Levels of Car Storage on Sale Prices of Residences in College Station, 1978 . Influence of Three Quality Levels of Built-ins on Sale Prices...

Gilliland, Charles E.

2012-06-07

52

Intellectual property rights and licensing: An econometric investigation  

Microsoft Academic Search

Intellectual Property Rights and Licensing: An Econometric Investigation. Licensing has been virtually ignored in the econometric\\u000a literature on intellectual property rights (IPRs). We discuss theoretical effects of IPRs on decisions to license technology\\u000a internationally. Based on a theoretical model we specify a reduced-form econometric equation relating the volume of U.S. licensing\\u000a to measures of technology protection and other variables

Guifang Yang; Keith E. Maskus

2001-01-01

53

Job Opportunity: Statistics/Econometrics Research Assistant Location: Hunter College, City University of New York  

E-print Network

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

Qiu, Weigang

54

Syllabus for SS-223A: Advanced Topics in Econometric Theory: Asymptotics of Optimization Estimators  

E-print Network

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

Low, Steven H.

55

Limited-Dependent and Qualitative Variables in Econometrics  

Microsoft Academic Search

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

G. S. Maddala

1989-01-01

56

A regional econometric analysis of energy prices and economic activity  

Microsoft Academic Search

An econometric model of the interactions between energy demand and regional economic activity is discussed. The model combines dynamic cost functions, consumer fuel demand equations, and a demographic model, all within the context of a regional econometric model. The model is used to estimate the effects of a graduated fifty-cent gasoline tax on the New York State economy. The gasoline

T J Considine; T D Mount

1983-01-01

57

Investigating Causal Relations by Econometric Models and Cross-spectral Methods C. W. J. Granger  

E-print Network

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

Timmer, Jens

58

Econometric models for predicting confusion crop ratios  

NASA Technical Reports Server (NTRS)

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.

Umberger, D. E.; Proctor, M. H.; Clark, J. E.; Eisgruber, L. M.; Braschler, C. B. (principal investigators)

1979-01-01

59

Projecting electricity consumption with an econometric model  

SciTech Connect

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

Sutherland, R.J.

1987-01-01

60

Essays in Financial Econometric Investigations of Farmland Valuations  

E-print Network

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

Xu, Jin

2013-05-20

61

Graphical Methods, Inductive Causal Inference, and Econometrics: A Literature Review  

Microsoft Academic Search

Recent work with graphical methods for inductive causal inference with observational econometric data is reviewed and compared\\u000a with earlier work. Two alternative algorithms are described. Caveats on applications are discussed.

Dae-Heum Kwon; David A. Bessler

2011-01-01

62

Essays on medical care using Semiparametric and structural econometrics  

E-print Network

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

Kowalski, Amanda

2008-01-01

63

Nonparametric estimation of econometric models with categorical variables  

E-print Network

In this dissertation I investigate several topics in the field of nonparametric econometrics. In chapter II, we consider the problem of estimating a nonparametric regression model with only categorical regressors. We investigate the theoretical...

Ouyang, Desheng

2006-10-30

64

Transfer of technology: econometric analysis of Korea  

SciTech Connect

This study provides an econometric analysis of the technology transfer effects of foreign direct investment and international patents on the two digit level manufacturing industries in Korea, from the years 1967 to 1979. Specifically, it defines the technology transfer effects as the sum of direct and indirect effects and focuses on both the evidence of the existence of each effect on the cross industry analysis. Seven manufacturing industries are selected for analysis, based on the fact that each industry has received at least either foreign direct investment of international patents between 1967 and 1979. For these industries, evidences of both direct and indirect effects were expected to appear in regression results, in the form of significant coefficients. The basic conclusion of this study is that both the direct and the indirect technology transfer effect occur in Korean manufacturing industries and that they are closely related to some industrial characteristics such as the capital-labor ratio, and the total capital stock of a certain industry.

Oh, S.B.

1985-01-01

65

Journal of Econometrics 108 (2002) 281316 www.elsevier.com/locate/econbase  

E-print Network

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

Wolfe, Patrick J.

66

Journal of Econometrics 107 (2002) 235257 www.elsevier.com/locate/econbase  

E-print Network

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

LaFrance, Jeffrey T.

67

Econometrica, Vol. 72, No. 3 (May, 2004), 885925 ECONOMETRIC ANALYSIS OF REALIZED COVARIATION: HIGH  

E-print Network

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

Wolfe, Patrick J.

68

ECONOMICS 220-507: ECONOMETRICS I Dr. Kusum Mundra Rutgers University, Newark  

E-print Network

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

Lin, Xiaodong

69

An Econometric Study Of Vine Copulas D. Guganand P.A. Maugis  

E-print Network

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

Paris-Sud XI, Université de

70

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

E-print Network

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

Nagurney, Anna

71

Econometrics (26:223:554:01) Fall 2002 Professor Robert H. Patrick  

E-print Network

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

Lin, Xiaodong

72

Journal of Econometrics 120 (2004) 207234 www.elsevier.com/locate/econbase  

E-print Network

Journal of Econometrics 120 (2004) 207­234 www.elsevier.com/locate/econbase Alternative sampling methods for estimating multivariate normal probabilities Zsolt S?andora; , P?eter Andr?asb aEconometric-dimensional integrals has received much attention in the recent econometric literature, especially applied to integrals

Newcastle upon Tyne, University of

73

The determinants for labour contract length A French micro-econometric study  

E-print Network

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

Paris-Sud XI, Université de

74

Econometrics of testing for jumps in financial economics using bipower variation  

E-print Network

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

Wolfe, Patrick J.

75

Journal of Econometrics 162 (2011) 225239 Contents lists available at ScienceDirect  

E-print Network

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

Zhao, Zhibiao

76

Simulation based Bayesian econometric inference: principles and some recent computational advances  

E-print Network

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

Nesterov, Yurii

77

Vine Copulas as a Way to Describe and Analyze Multi-Variate Dependence in Econometrics  

E-print Network

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

Kreinovich, Vladik

78

Financial Econometrics (29:390:300:50) Fall 2008 Professor Robert H. Patrick  

E-print Network

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

Lin, Xiaodong

79

Econometric Feedback for Runtime Risk Management in VoIP Architectures  

E-print Network

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

Paris-Sud XI, Université de

80

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

E-print Network

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

Mykland, Per A.

81

Journal of Econometrics 148 (2009) 162178 Contents lists available at ScienceDirect  

E-print Network

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

Kahana, Michael J.

82

A -moment approach to monotonic boundaries estimation: with applications in econometric and nuclear fields  

E-print Network

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

Paris-Sud XI, Université de

83

WORKING PAPER N 2008 -64 The econometrics of auctions with asymmetric  

E-print Network

WORKING PAPER N° 2008 - 64 The econometrics of auctions with asymmetric anonymous bidders Laurent NORMALE SUP?RIEURE 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

Paris-Sud XI, Université de

84

Heavy subsidization reduces free-ridership: Evidence from an econometric study of the  

E-print Network

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

Paris-Sud XI, Université de

85

Variation, jumps, market frictions and high frequency data in financial econometrics  

E-print Network

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

Wolfe, Patrick J.

86

Growth and Technological Leadership in US Industries: A Spatial Econometric Analysis at the State Level, 19631997  

E-print Network

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

87

Econometrics Journal (1999), volume 2, pp. 107160. Statistical algorithms for models in state space using  

E-print Network

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

Wolfe, Patrick J.

88

A GIS-Assisted Rail Construction Econometric Model that Incorporates LlDAR Data  

E-print Network

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

Hodgson, Michael E.

89

Advanced Econometrics (26:223:655:01) Fall 2013 Professor Robert H. Patrick  

E-print Network

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

Lin, Xiaodong

90

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

E-print Network

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

Mykland, Per A.

91

Impact of jumps on returns and realised variances: econometric analysis of time-deformed Levy processes  

E-print Network

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

Wolfe, Patrick J.

92

721339S 805339A 805683S Ekonometrian tilastolliset perusteet (Statistical Foundations of Econometrics)  

E-print Network

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

Klemelä, Jussi

93

An Econometrics Analysis of Freight Rail Demand Growth in Albert Wijeweera a, *  

E-print Network

1 An Econometrics Analysis of Freight Rail Demand Growth in Australia Albert Wijeweera a, * , Hong of non-bulk freight demand in Australia. The paper uses a simple but robust econometrics method this growth at about four per cent per year (BTRE, 2006). The econometric model used herein enables us

94

Advanced Econometrics (26:223:655:01) Fall 2012 Professor Robert H. Patrick  

E-print Network

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

Lin, Xiaodong

95

Center for Operations Research and Econometrics (CORE) Institut de statistique, biostatistique et sciences actuarielles (ISBA)  

E-print Network

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

Nesterov, Yurii

96

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

E-print Network

The Econometrics of High Frequency Data Per A. Mykland and Lan Zhang This version: 31 August, 2010 Nilsen, and B°ard Støve. #12;The Econometrics of High Frequency Data 1 1 Introduction 1.1 Overview interested in finance, econometrics, statistics, probability and financial engineering. There has in recent

Mykland, Per A.

97

Econometric Model of the U.S. Apple Market.  

National Technical Information Service (NTIS)

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

H. S. Baumes, R. K. Conway

1985-01-01

98

Long memory processes and fractional integration in econometrics  

Microsoft Academic Search

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

Richard T. Baillie

1996-01-01

99

Economic Development and Environmental Quality: An Econometric Analysis  

Microsoft Academic Search

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

Nemat Shafik

1994-01-01

100

Central Bank Financial Strength and Policy Performance: An Econometric Evaluation  

Microsoft Academic Search

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

Ulrich H. Klueh; Peter Stella

2008-01-01

101

Econometric analyses of linked employeremployee data  

Microsoft Academic Search

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

John M. Abowd; Francis Kramarz

1999-01-01

102

Evaluating the Econometric Evaluations of Training Programs with Experimental Data  

Microsoft Academic Search

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

Robert J LaLonde

1986-01-01

103

Econometrics (26:223:554:01) Fall 2000 Meets Thursdays, 10 AM-12:50 PM, Eng. 213, Newark Campus  

E-print Network

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

Lin, Xiaodong

104

Econometric Theory, 25, 2009, 14471448. Printed in the United States of America. doi:10.1017/S0266466609990028  

E-print Network

Econometric Theory, 25, 2009, 1447�1448. Printed in the United States of America. doi:10.1017/S0266466609990028 THE 2006�2008 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

Shao, Xiaofeng

105

Econometric study of electricity demand by manufacturing industries  

SciTech Connect

This report presents an econometric model of electricity demand for the Standard Industrial Classification (SIC) three-digit manufacturing industries in the United States. Previous studies on the demand for electricity by manufacturing industries are reviewed briefly. The specification of the model, which consists of a demand and a price equation, is discussed. Estimation, dynamic-simulation, and forecasting results for each of the 16 industry groups (15 SIC three-digit industries plus one for all remaining industries) are presented.

Chang, H.S.; Chern, W.S.

1980-05-01

106

Estimation and Inference in Two-Step Econometric Models  

Microsoft Academic Search

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

Kevin M. Murphy; Robert H. Topel

1985-01-01

107

Environmental linkages in regional econometric impact-analysis models  

SciTech Connect

In this study, environmental-quality factors are linked to an econometric model of the Evansville, Indiana/Kentucky regional economy, which is aplied to coal-based synthetic-fuels-development scenarios. After a review of regional input-output and simultaneous equation models for environmental analysis, the latter approach is shown to offer the most pragmatic tool for integrative regional modeling. An overview of the socio-economic portion of the Evansville Area econometric model is initially given. This is followed by a discussion of numerous methodological issues, including measurement error, functional form, and estimation method. Eight research hypotheses concerning environmental relationships are then presented, which are tested through the econometric estimation process. The model is estimated with pooled time-series, cross-sectional data, allowing for the environmental analysis of coal development projects on local communities in a multi-county, bi-state impact analysis region. Environmental equations estimated in the model include air quality by three major pollution categories, automobile traffic and commuting flows, water use and wastewater treatment, solid waste generation, and population density. Finally, the environmental impacts of alternative coal-development scenarios for the region through 1995 are forecasted, and are seen to be a function of not only the coal projects, but also net migration and population growth, employment in related local industries, per capita income levels, and national variables such as the GNP (in real terms).

Solomon, B.D.

1983-01-01

108

Electric power industry: an econometric model of intertemporal behavior  

SciTech Connect

An intertemporal model of producer behavior is a more-appropriate set of standards for evaluating utilities' input choices against the efficiency conditions than models maintaining long-run equilibrium behavior at each point in time. Observed input choices should be evaluated against a planning horizon determined by economic conditions over a period of years. The long economic lives of capital assets are explicitly recognized in a multiperiod econometric model. Investment decisions are functions of present and future prices and regulatory conditions. There is no evidence of input distortion. 29 references.

Gollop, F.M. (Boston College, MA); Karlson, S.H.

1980-08-01

109

Fifth Italian Congress of Econometrics and Empirical Economics (ICEEE 2013) January 16-18, 2013 -Genova, Italy  

E-print Network

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

Robbiano, Lorenzo

110

State Labor Market Research Study: An Econometric Analysis of the Effects of Labor Subsidies.  

ERIC Educational Resources Information Center

The report describes the construction, application, and theoretical implications of an econometric model depicting the effects of labor subsidies on the supply of workers in the U.S. Three papers deal with the following aspects of constructing the econometric model: (1) examination of equilibrium wages, employment, and earnings of primary and

MacRae, C. Duncan; And Others

111

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

E-print Network

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

Fitelson, Branden

112

Econometric analysis of marketing potential of OIC countries : Some facts under global economy  

Microsoft Academic Search

Purpose The focus of this paper is to develop an econometric model that measures the changes in GDP for the OIC states. Design\\/methodology\\/approach This paper focuses on the development of an econometric model which measures the changes of gross domestic product (GDP) for the members of Organization of Islamic Conference (OIC) countries. In particular, we analyze the growth

M. Ishaq Bhatti; Mohammad Ziaul Hoque

2005-01-01

113

FISCAL FORESIGHT: ANALYTICS AND ECONOMETRICS ERIC M. LEEPER, TODD B. WALKER, AND SHU-CHUN SUSAN YANG  

E-print Network

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

Hickman, Mark

114

Econometrics of Models with Strategic Interaction Presenter: Elie Tamer (Northwestern) Fee: HE delegates: 90; other delegates: 720  

E-print Network

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

Saunders, Mark

115

Advanced Econometrics (26:223:655:01) Spring 2003 Meets Wednesdays, 1-3:50 PM, Global Financial Management Center  

E-print Network

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

Lin, Xiaodong

116

Econometric and Neural Network Analysis of the Labor Productivity and Average Gross Earnings Indices in the Romanian Industry  

E-print Network

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

Paris-Sud XI, Université de

117

R and D and productivity: measurement issues and econometric results  

SciTech Connect

The direct successes of space, defense, and health research are not reflected in the national productivity accounts. Nor are many of the improvements in technologically complex new products. Econometric studies underestimate, therefore, the dull contribution of R and D, especially since it is difficult to trace its spillover effects. Nevertheless, a recent study finds a significant contribution of R and D to productivity growth in the largest US manufacturing corporations, with no evidence of a major decline in it, and a larger role for basic research and a smaller one for federally financed R and D expenditures than is implied by their relative importance in total R and D expenditures. 22 references, 1 figure, 1 table.

Griliches, Z.

1987-07-03

118

Computationally intensive econometrics using a distributed matrix-programming language.  

PubMed

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

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

2002-06-15

119

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

E-print Network

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...

Collart Dinarte, Alba Jeanette

2013-11-22

120

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

E-print Network

This dissertation contains three essays. They are related to the exponential series estimation of copulas and the application of parametric copulas in financial econometrics. Chapter II proposes a multivariate exponential series estimator (ESE...

Chui, Chin Man

2009-05-15

121

Multi-Sectoral Econometric Modelling Part 4. Features of the Pilot-Model.  

National Technical Information Service (NTIS)

In the next stage through the development of multi-sectoral econometric modelling, to be implicated in the medium term economic forecasting system, by implicating the different assumed functions as a simultaneous equation system, a demonstration model (he...

T. Hattori, N. Sakurai, Y. Nakanishi, Y. Inoue

1988-01-01

122

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

SciTech Connect

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

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

1994-04-01

123

Understanding Chinas recent growth experience: A spatial econometric perspective  

Microsoft Academic Search

This study reconsiders the question of Chinas recent growth experience from a spatial econometric perspective. An empirical model of Chinese output growth using cross provincial data over the 19781998 period is specified, but a spatial econometric analysis of the specification reveals strong evidence of misspecification due to ignored spatial lag dependence. The subsequent estimating using Anselins spatial lag model determines

Long Gen Ying

2003-01-01

124

The simulation and forecast of China education-economy system: Econometrics and system dynamics combining model  

Microsoft Academic Search

China education-economy system was analyzed by traditional region economic theory and complex social economic theory. The econometric equation of system elements interaction was built based on the Cobb-Douglas production function. The simulation model of China education-economy system was built by combining econometrics and system dynamics methods. The comparison with historical data proved the correctness of the model. The simulation indicates

Liang Zhang; Chunhong Zhu; Na Li

2010-01-01

125

An econometric study of tourist arrivals in Aruba and its implications  

Microsoft Academic Search

The principal purpose of this study is to analyze econometric estimates in order to explain tourist arrivals to Aruba from the United States, The Netherlands and Venezuela. The study specified a dynamic econometric model for modeling short term as well as the long-term responses. It estimated both linear and log-linear functions, and it applied the BoxCox statistical method to determine

Robertico R. Croes; Manuel Vanegas Sr.

2005-01-01

126

Econometric modeling of industries: Semiconductors and internal-combustion engines  

SciTech Connect

A small-scale econometric model of an industry is developed as a tool to analyze the impact of government purchases and other exogenous variables on the output, capital expenditures, and employment of the semiconductor industry in the United States. The model is also applied to the internal-combustion-engine industry in order to examine its performance on an alternative industry. The model consists of an equation for the industry's output, an investment and a man hour equation for the industry's input, and an equation for the shipments of the industries that use the industry's outputs as an intermediate input. An historical simulation is conducted for both industries on a microcomputer to test the accuracy of the model over the estimation periods. Results indicate that government defense purchases have significant impact on the information industries, which in turn influence the semiconductor industry. Government defense purchases, however, do not show any significant effect on the shipments of the primary purchasers of the internal-combustion engines.

Torbat-Esfahani, A.

1987-01-01

127

Forecasting space weather: Can new econometric methods improve accuracy?  

NASA Astrophysics Data System (ADS)

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.

Reikard, Gordon

2011-06-01

128

Empirical spatial econometric modelling of small scale neighbourhood  

NASA Astrophysics Data System (ADS)

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

Gerkman, Linda

2012-07-01

129

Advances in the economics of energy and resources econometric models of the demand for energy. Vol. 5  

SciTech Connect

This publication is devoted to econometric studies of the demand for energy. Various types of models are used, including more or less traditional econometric models as well as combined engineering-econometric models. All the studies focus on demand for energy by households rather than by commercial or industrial users. The various chapters deal with individual and aggregate energy expenditures, residential energy demand in the USA including empirical results for electricity and natural gas, and end-use energy planning systems. (23 refs.)

Moroney, J.R. (ed.)

1984-01-01

130

Advanced Econometrics (26:223:655:01) Spring 2008 Meets Tuesdays, 2:30-5:20 PM, GFMC (Ackerson Hall 106)  

E-print Network

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

Lin, Xiaodong

131

Advanced Econometrics (26:223:655:01) Fall 2010 Class meets Thursday 11:30-2:20 PM, 1 Washington Park 358  

E-print Network

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

132

Advanced Econometrics (26:223:655:01) Fall 2009 Class meets Thursday 1:00-3:40 PM, 1 Washington Park 202  

E-print Network

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

Lin, Xiaodong

133

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

ERIC Educational Resources Information Center

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

Lara, Christen; Johnson, Daniel

2014-01-01

134

Journal of Econometrics 39 (1988) 175-198. North-Holland LATENT VARIABLES, CAUSAL MODELS AND  

E-print Network

-experimental or quasi-experimental data is this: when is a statistical dependency between two variables best explained and which is the effect? These questions are implicit in many theoretical and applied studies in econometrics. When, for example, a study of the British economy neglects variables that were unmeasured

Spirtes, Peter

135

Quasi-Experimental Estimates of the Effects of a Preschool InterventionPsychometric and Econometric Comparisons  

Microsoft Academic Search

Estimates of program effects from a compensatory preschool intervention were investigated using several contemporary techniques of bias reduction. These included econometric simulta neous modeling, latent-variable structural modeling, and ordinary least squares regression. These techniques were applied to longitudinal data from Chicago's Child Parent Center preschool program, a Head Start-type intervention. Analyses of 806 Black children followed from kindergarten to Grade

Arthur J. Reynolds; Judy A. Temple

1995-01-01

136

Econometric Methods for Causal Evaluation of Education Policies and Practices: A Non-Technical Guide  

ERIC Educational Resources Information Center

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

Schlotter, Martin; Schwerdt, Guido; Woessmann, Ludger

2011-01-01

137

Analysis of the dependence structure in econometric time Aurelien Hazan1  

E-print Network

Analysis of the dependence structure in econometric time series Aur´elien Hazan1 , Vincent Vigneron, spectra, time series or more generally signals. In these cases, each observation consists of values. In the study of time series it is crucial to understand what is dependent and what independent of the temporal

Paris-Sud XI, Université de

138

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

Microsoft Academic Search

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

Mila Getmansky; Andrew W. Lo; Igor Makarov

2004-01-01

139

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

ERIC Educational Resources Information Center

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

Bayus, Barry; Kendis, Kurt

1982-01-01

140

Econometrics of exhaustible resource supply: a theory and an application. Final report  

SciTech Connect

An econometric model of US oil and natural gas discoveries is developed in this study. The econometric model is explicitly derived as the solution to the problem of maximizing the expected discounted after tax present value of revenues net of exploration, development, and production costs. The model contains equations representing producers' formation of price expectations and separate equations giving producers' optimal exploration decisions contingent on expected prices. A procedure is developed for imposing resource base constraints (e.g., ultimate recovery estimates based on geological analysis) when estimating the econometric model. The model is estimated using aggregate post-war data for the United States. Production from a given addition to proved reserves is assumed to follow a negative exponential path, and additions of proved reserves from a given discovery are assumed to follow a negative exponential path. Annual discoveries of oil and natural gas are estimated as latent variables. These latent variables are the endogenous variables in the econometric model of oil and natural gas discoveries. The model is estimated without resource base constraints. The model is also estimated imposing the mean oil and natural gas ultimate recovery estimates of the US Geological Survey. Simulations through the year 2020 are reported for various future price regimes.

Epple, D.; Hansen, L.P.

1981-12-01

141

Public funding and repertoire conventionality in the German public theatre sector: an econometric analysis  

Microsoft Academic Search

This study empirically examines the relationship between public funding and repertoire decisions in the German public theatre sector. A cross-sectional econometric model is constructed to estimate the effects for a sample of 127 public theatres covering the theatre season 1998\\/1999 using a conventionality index as the dependent variable which has to be calculated first. The empirical results show that public

Adriana Neligan

2006-01-01

142

FRISCH'S ECONOMETRIC LABORATORY AND THE RISE OF TRYGVE HAAVELMO'S PROBABILITY APPROACH  

Microsoft Academic Search

The paper traces Trygve Haavelmo s training and early career as an econometrician from graduation in economics at the University of Oslo in 1933 until his departure for the United States in 1939. The overwhelming influence on Haavelmo in this period was Ragnar Frisch, whose econometric laboratory at the University of Oslo was Haavelmo s workplace and training ground. In

Olav Bjerkholt

2005-01-01

143

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

Microsoft Academic Search

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

Shahriar Shafiee; Erkan Topal

2008-01-01

144

Determinants of agricultural cash rents in Germany: A spatial econometric analysis for farm-level data  

Microsoft Academic Search

We empirically analyse the determinants of cash rent levels for agricultural land in Lower Saxony, Germany. We are the first to apply a spatial econometrics approach that accounts for two types of spatial dependence simultaneously to cash rent data at the farm-level. Our empirical results underline the usefulness of such an approach. Farm characteristics which serve as a proxy for

Gunnar Breustedt; Hendrik Habermann

2008-01-01

145

Who Pays for Sudden Oak Death? An Econometric Investigation of the Impact  

E-print Network

465 Who Pays for Sudden Oak Death? An Econometric Investigation of the Impact of an Emerging ramorum, sudden oak death, nurseries Abstract While there is a great deal of scientific uncertainty about and nurseries' crop mix. We motivate the empirical work with a simple model of firm behavior in the presence

Standiford, Richard B.

146

Using Non-parametric Methods in Econometric Production Analysis: An Application to Polish Family Farms  

Microsoft Academic Search

Econometric estimation of production functions is one of the most common methods in applied economic production analysis. These studies usually apply parametric estimation techniques, which obligate the researcher to specify the functional form of the production function. Most often, the Cobb-Douglas or the Translog production function is used. However, the specification of a functional form for the production function involves

Tomasz Czekaj; Arne Henningsen

2011-01-01

147

Land-Use Change and Carbon Sinks: Econometric Estimation of the Carbon Sequestration Supply Function  

Microsoft Academic Search

When and if the United States chooses to implement a greenhouse gas reduction program, it will be necessary to decide whether carbon sequestration policies such as those that promote forestation and discourage deforestation should be part of the domestic portfolio of compliance activities. We investigate the cost of forest-based carbon sequestration. In contrast with previous approaches, we econometrically

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

2005-01-01

148

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

E-print Network

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

Wei, Yehua Dennis

149

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

ERIC Educational Resources Information Center

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

Meghir, Costas; Rivkin, Steven G.

2010-01-01

150

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

E-print Network

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

Lin, C.-Y. Cynthia

151

Television Advertising and Beef Demand: An Econometric Analysis of 'Split-Cable' Household Panel Scanner Data  

Microsoft Academic Search

The Beef Promotion and Research Act of 1985 led to significant increases in the generic promotion of beef in the United States. Widely familiar television advertising campaigns, distributed through national television networks, have been among the most visible outgrowths of this vigorous promotional effort. This study reports the results of econometric analysis of fresh beef consumption data for households participating

Helen H. Jensen; John R. Schroeter

1992-01-01

152

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

E-print Network

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

Angrist, Joshua

2010-01-01

153

Ghost in the shell : econometric forecast of Singapore's office market and where is architect in financial time  

E-print Network

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 ...

Sun, Aoran Alex

2012-01-01

154

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

NASA Technical Reports Server (NTRS)

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

Martin, J. A.

1978-01-01

155

Development and application of econometric demand and supply models for selected Chesapeake Bay seafood products  

SciTech Connect

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.

Nieves, L.A.; Moe, R.J.

1984-12-01

156

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

Microsoft Academic Search

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

John Mullahy

1998-01-01

157

Residential energy use and improved building thermal efficiency: an econometric analysis  

SciTech Connect

An analytical framework is applied to the case of increases in residential building thermal efficiency. Econometric estimates of the effects of increases in thermal efficiency on winter space heating electricity consumption in the Pacific Northwest are provided, as are estimates of the benefits to consumers of such increases. The paper is divided into four sections: the theoretical framework, implementation of the theory, the statistical results, and a summary. (MHR)

Moe, R.J.; Owzarski, S.L.; Streit, L.P.

1983-06-01

158

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

Microsoft Academic Search

If the United States chooses to implement a greenhouse gas reduction program, it would be necessary to decide whether to include carbon sequestration policiessuch as those that promote forestation and discourage deforestationas part of the domestic portfolio of compliance activities. We investigate the cost of forest-based carbon sequestration by analyzing econometrically micro-data on revealed landowner preferences, modeling six major private

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

2006-01-01

159

An Econometric Analysis of the Costs of Sequestering Carbon in Forests  

Microsoft Academic Search

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

Douglas J. Miller; Thomas Mauldin

1999-01-01

160

Econometric analysis of the behavior of natural resource prices. Final report. [Interest-rate effects  

SciTech Connect

The findings of an econometric analysis of the relationship between the rates of change in mineral's prices and the rate of interest are reported. The rationale for this specification results from micro models of the behavior of a firm extracting an ore from a finite stock. This empirical analysis considers the movements in 12 minerals, including both metals and fuels, and three aggregate price indexes over the period 1900 to 1973. Five interest-rate series, distinguished according to the risk and degree of liquidity of their assets, were each considered for each of the price series. The econometric analysis involved extensive searching of alternative specifications of the relationship between the rates of change in the natural resource's price and functions of each interest rate. Econometric models within five general classes were considered to allow for the effects of expectations through the variety of lag structures considered and for comparability in risk and liquidity of holding a mineral. These final models were estimated over a part of the sample period and evaluated by their forecasting performance outside the sample period. In order to gauge the contribution of economic theory underlying these models, they were each compared with the forecasting performance of naive time-series models.

Smith, V.K.

1980-03-01

161

Econometric model for the disaggregation of state-level electricity demand forecasts to the service area  

SciTech Connect

An econometric model for the disaggregation of state-level electricity demand forecasts to the service area developed by Oak Ridge National Laboratory (ORNL) is presented. Based on demand models for the service area and the remainder of the state in which it is located, a model which explains the service area's share of the state's demand is developed and estimated for six service areas using econometric techniques. The share is then forecasted and combined with the forecasts for state demand presented in Regional Econometric Model for Forecasting Electricity Demand by Sector and by State (ORNL/NUREG-49) to obtan service-area forecasts to 1990. Results indicate that some service areas differ dramatically from the state and the region of which they are a part. The historic difference in the growth rate of electricity demand is reflected in the forecasted future growth rates generated by the model. This implies that the application of regional or state growth rates to some particular service areas may be inappropriate. The major causes of the difference between the areas seem to be differences in the responsiveness and growth of prices, income, populatzon, and industrial activity.

Tepel, R.C.; Alvic, D.R.; Jay, J.M.; Thorne, A.D.

1980-02-01

162

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

SciTech Connect

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

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

2001-01-01

163

Econometrics (26:223:554:01) Spring 2013 Thursdays, 10:00 AM-12:50 P.M., 1 Washington Park 512, Newark Campus  

E-print Network

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

164

Econometrics (26:223:554:01) Spring 2012 Thursdays, 10:00 AM-12:50 P.M., 1 Washington Park 512, Newark Campus  

E-print Network

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

Lin, Xiaodong

165

Econometrics (26:223:554:01) Spring 2011 Thursdays, 10:00 AM-12:50 P.M., 1 Washington Park 512, Newark  

E-print Network

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

166

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

NASA Astrophysics Data System (ADS)

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

Schu, Kathryn L.

167

An econometric forecast of electric energy and peak demand on the Delmarva Peninsula. Final report  

SciTech Connect

This report presents forecasts of electric power demands through 1995 for the Delmarva Peninsula. Forecasts are based upon a series of econometric equations of the demand for electricity. Residential energy usage (per customer) is explained mainly by real income, electricity prices and weather, while commercial and industrial usage (per employee) is explained mainly by the wage rate and electricity prices. All energy equations are made dynamic through the use of a lagged dependent variable. A number of forecast scenarios were constructed based upon varying assumptions concerning the local economy, electricity prices and regulatory practices.

Kahel, M.I.; Miller, R.E.

1980-03-01

168

Environmental linkages in regional econometric models: an analysis of coal development in western Kentucky  

SciTech Connect

A comprehensive and integrated econometric model for the regional analysis of large-scale energy development (synthetic fuels) projects emphasizes the specification of environmental quality relationships, but the approach can be generalized and used as a benchmark for impact analysis of any large-scale development or disinvestment in communities. The estimation of the environmental portion of the Evansville Area model with ordinary least squares provides encouraging results. The major exception in the environmental block is the nitrogen oxide emissions equation. The results do indicate some environmental constraints on future coal conversion projects for the region. 41 references, 6 tables.

Solomon, B.D.; Rubin, B.M.

1985-02-01

169

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

SciTech Connect

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

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

1996-12-31

170

Econometric analysis of residential demand for fuelwood in the United States, 1980-1981  

SciTech Connect

This paper presents an econometric study of residential fuelwood demand in the US. It is based on a residential energy consumption survey conducted by the US Department of Energy in 1980-81. Estimates are derived of the probability that a particular household will burn wood and of the quantity of wood that will be burned. Aggregate fuelwood demand is predicted for five census regions and for the contiguous US. The predicted average probability of burning wood is 0.32, and the average predicted quantity burned is 1.57 cords. Residential fuelwood demand is found to be quite responsive to changes in the price of nonwood heating fuel.

Hardie, I.W.; Hassan, A.A.

1986-12-01

171

A comparative analysis of errors in long-term econometric forecasts  

SciTech Connect

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

Tepel, R.

1986-04-01

172

Econometric study of an oil-exporting country: the case of Iran  

SciTech Connect

The main objective of this study is to contribute toward an analytical and empirical work on the oil-based developing economy of Iran. It focuses on the aggregate behavior of the Iranian economy through a simple linear econometric model. After a survey of the literature on the theoretical framework of macroeconomic models for the developing countries in general, and for the oil-exporting developing countries in particular, a linear econometric model for the Iranian economy if formulated and its logical and economic aspects are explained. The proposed model consists of basic consumption, production, foreign trade, and employment relationship. Results obtained from the estimation of the consumption functions seem to indicate that the aggregate Iranian consumption behavior can be best explained by Fiedman's Permanent Income Hypothesis. In general, the results of this study demonstrate that the links between different sectors of the Iranian economy are very weak and the import-substitution strategy of the government during the period of study failed to establish a genuine domestic industrial base and to reduce its dependence on foreign resources.

Heiat, A.

1987-01-01

173

Econometric Modelling  

Microsoft Academic Search

The theory of reduction explains the origins of empirical models, by delineating all the steps involved in mapping from the actual data generation process (DGP) in the economy - far too com- plicated and high dimensional ever to be completely modeled - to an empirical model thereof. Each reduction step involves a potential loss of information from: aggregating, marginalizing, condition-

David F. Hendry

174

Sustainability of the US current account deficit: An econometric analysis of the impact of capital inflow on domestic economy  

Microsoft Academic Search

The purpose of this paper is to estimate, by using the recent econometric techniques of unit root testing and Johansen-Juselius cointegration technique (1990), the impact of foreign capital inflow on the volume and efficiency of domestic investment in the United States during the period, 1973-1999. A battery of diagnostic tests is employed to check the validity and robustness of the

Mohammed I. Ansari

2004-01-01

175

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

E-print Network

The Impact of Global Warming on U.S. Agriculture: An Econometric Analysis of Optimal Growing Counties xviii October, 2004 #12;A Robustness Checks This section presents further robustness checks of our of our results to the chosen subset of counties. It has been suggested that because the price of farmland

Kammen, Daniel M.

176

Cyberspace Security Econometrics System (CSES) - U.S. Copyright TXu 1-901-039  

SciTech Connect

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.

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

177

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

SciTech Connect

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

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

1995-12-31

178

Econometric analysis of residential demand for fuelwood in the United States, 1980-1981  

SciTech Connect

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 census regions and for the contiguous United States. The predicted average probability of burning wood is 0.32, and the average predicted quantity burned is 1.57 cords. Residential fuelwood demand is found to be quite responsive to changes in the price of nonwood heating fuel. 16 references.

Hardie, I.W.; Hanssan, A.A.

1986-12-01

179

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

SciTech Connect

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

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

1995-03-01

180

From Physics to Economics: An Econometric Example Using Maximum Relative Entropy  

E-print Network

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

Giffin, Adom

2009-01-01

181

Efficiency of the CYBER 205 for stochastic simulations of a simultaneous, nonlinear, dynamic econometric model  

SciTech Connect

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.

Ando, A.; Beaumont, P.; Ando, M.

1987-01-01

182

Econometric assessment of cost savings from coordination in US electric power generation: comment  

SciTech Connect

A review of the analysis of power pooling by Christensen and Greene (CG) examines their conclusion that power pool membership does not lower an electric utility's costs and that published estimates of cost savings are illusory. The author faults the econometric model used by CG because it fails to capture how companies lower costs by joining a power pool. They have the opportunity, for example, to buy electricity when the marginal-cost unit of producing it is higher. Benefits from power pooling are due to differences in a company's marginal costs relative to the other members at any point in time, making it possible for a member to be either a net buyer or a net seller. 7 references.

Mulligan, J.G.

1985-05-01

183

Electricity sector reform in developing countries: an econometric assessment of the effects of privatization, competition and regulation  

Microsoft Academic Search

Electricity sectors in both developed and developing countries have been subject to restructuring to introduce private capital\\u000a and increase competition. Although the effects of such reforms in a number of the developed economies are now well documented,\\u000a the experience of developing countries is much less well researched. This paper provides an econometric assessment of the\\u000a effects of privatization, competition and

Yin-Fang Zhang; David Parker; Colin Kirkpatrick

2008-01-01

184

Econometric applications of positive rank-one modifications of the symmetric factorization of a positive semi-definite matrix  

Microsoft Academic Search

. We present an algorithm for updating the symmetric factorization of a positive semi-definite matrix after a positive rank-one\\u000a modification, which works even if the matrices involved do not have full rank. Recursive least squares and factor analysis\\u000a provide two important econometric applications. An illustrative simulation shows that it can be potentially very useful in\\u000a recursive situations.

Enrique Sentana

1999-01-01

185

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

Microsoft Academic Search

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

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

2000-01-01

186

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

PubMed Central

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

2012-01-01

187

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

SciTech Connect

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

Ghali, K.

1988-01-01

188

Analysis of strategic nuclear force levels using vector autoregressive techniques: a multi-nation econometric study  

SciTech Connect

The purpose of this dissertation is to examine the relationships between the strategic nuclear force levels of the US, Soviet Union, and other nuclear powers in order to provide a better understanding of the process by which arms levels are determined. By applying advanced econometric techniques to arms level data, the historical behavior of the nations may be dissected. The findings thus obtained may be compared to previous empirical findings and to the predictions of the theoretical literature on arms races. The major findings of this work are as follows. First, that there is interaction between the various components of the nuclear arsenals of the US and Soviet Union. Previous studies that examined only strategic aggregates missed these interactions. Second, the SALT I treaty did not significantly alter the behavior of these nations. Third, the nuclear-armed NATO nations (Great Britain and France) and possibly the People's Republic of China are important in determining the overall strategic posture of the US and USSR. Finally, process through which the arms levels of the nations studies are determined yield stationary time-series. That is, there is not an arms race with weapons levels spiraling upward indefinitely but a process that is stable in the short run.

Becker, A.D.

1986-01-01

189

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

SciTech Connect

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

Ibegbulam, B.N.

1991-01-01

190

Impact of regulation on electric utility pricing: an econometric test of Ramsey pricing  

SciTech Connect

This study develops an econometric model to test several hypotheses pertaining to the rate structure of the electric utility industry. The marginal cost estimates used allow consideration of the joint nature of the cost of producing electricity for different user groups, and the Ramsey number is modeled to capture various details of the rate-setting procedures. The model is used to estimate a set of Ramsey optimal prices and the pattern of inefficiency in the rate structures, and to calculate the potential welfare gains from more efficient regulation. The model estimates also provide a simple, direct test of the hypothesis that there is optimal second-best or Ramsey pricing, marginal cost pricing, or monopolistic pricing in the electric utility industry. The empirical results indicate that regulation has failed to achieve efficiency in pricing. On average, in 1970, residential and commercial users were being subsidized by industrial customers while, in 1978, residential customers were being subsidized by the other two groups. The results also indicate that an increase in the size of a customer class increases the price that class has to pay relative to the cost of serving that class. The efficiency losses associated with current rate structures set by regulatory agencies are estimated to be substantial. Finally, an attempt is made to determine whether the pattern of inefficiencies present in the rate structure is systematically affected by differences in regulatory environments. The empirical results indicate that the inefficiencies can be explained in part by differences in regulatory environments.

Tromp, E.D.

1985-01-01

191

Supply and demand for wood as a source of energy in Zambia: An econometric analysis  

SciTech Connect

This study examines the status of biomass energy in Zambia. In its current usage, the concept of biomass energy often implies woodfuel because woodfuel is the main biomass energy. This study develops an econometric model of household woodfuel demand and also evaluates the supply of woodfuel in Zambia. The study finds that there are significant sectoral differences in woodfuel demand between the rural and urban sectors. In the rural sector, inflation is by far the most significant determinant of household woodfuel demand. The coefficients on inflation are statistically significant at better than the one percent level and also have expected positive signs. In the urban sector, inflation is again by far the most significant determinant of woodfuel demand. However, in the urban sector, household income and woodfuel price are also significant determinants of demand. The coefficients on inflation, household income, and woodfuel price are all significant at better than the one percent level and have expected signs. The income elasticity of woodfuel demand is positive, suggesting that in the short-run, woodfuel is a normal good. However, the elasticity of woodfuel demand with respect to growth in investment is negative, indicating that long-run structural change in the economy reduces woodfuel demand.

Mupimpila, C.

1993-01-01

192

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

SciTech Connect

The Thai natural rubber economy is described in the context of the world rubber market. An econometric model is estimated for 15 structural equations; it includes the Thai, US, and rest-of-the-world rubber economies. Several simulation experiments are analyzed for the period from 1984 to 1995. Impact and dynamic multipliers are reported for major endogenous variables in response to changes in US GDP, world crude oil price, Thai replanting cess tax and Thai natural rubber production. A 1%, one-time increase in the US GDP has a positive effect on the Singapore natural rubber price. A world crude oil price decline shock has a negative effect in both the short-run and the long-run. The INRO buffer stock stabilization policy as well as alternative domestic Thai policies of market intervention are analyzed. The simulation results show that buffer stock management which allows a price band of +/-20% around the price target has the most stabilized price, compared to other band widths and no stock management. The outcome of the increase of the Thai replanting cess tax raises not only cess tax revenue, but also producer and export earning. Results showed that a decrease in rubber production positively affected producer and export earnings in the long-run.

Suwanakul, S.

1986-01-01

193

Econometric methods for life-testing of capital units and results for regulated public utilities  

SciTech Connect

The dissertation pertains to regulated public utilities that purchase capital units when the service lives of these units are random. Chapter II develops the econometric tools needed to analyze the data generated in such an instance. Results concerning the existence, consistency and asymptotic normality of a maximum likelihood estimator are derived. Chapter III contains a small model of a regulated public utility. Key components are assumptions of a fixed capital stock, random served lives for capital units, a tax environment where current tax laws concerning depreciation expense and investment tax credits are considered and a regulatory constraint of the type contained in the classic literature of Averch and Johnson (1962). Objectives are established for both regulatories and investors. It is assumed that each of these economic agents chooses from units which differ in terms of efficiency, purchase price, and durability. It is demonstrated that the objectives of regulators and investors may be different with respect to the choice of capital units, depending on current tax laws, and that this phenomenon is related to the results of Averch and Johnson. Chapter IV contains an application. Data were obtained for power transformers and the objectives of regulators and investors were evaluated. It was shown that differences in the expected service lives of these units is a key consideration.

Schiffman, D.A.

1983-01-01

194

The core determinants of health expenditure in the African context: some econometric evidence for policy.  

PubMed

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

Murthy, Vasudeva N R; Okunade, Albert A

2009-06-01

195

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

PubMed Central

Social-learning theories of substance use propose that members of peer groups influence the drug use of other members by selectively modeling, reinforcing, and punishing either abstinence-related or drug-related behaviors. The objective of the present study was to examine social influences on cocaine self-administration in isolated and socially housed rats, with the caveat that the socially housed rats were tested simultaneously with their partner in the same chamber. To this end, male rats were obtained at weaning and housed in isolated or pair-housed conditions for 6 weeks. Rats were then implanted with intravenous catheters and cocaine self-administration was examined in custom-built operant conditioning chambers that allowed two rats to be tested simultaneously. For some socially housed subjects, both rats had simultaneous access to cocaine; for others, only one rat of the pair had access to cocaine. An econometric analysis was applied to the data, and the reinforcing strength of cocaine was measured by examining consumption (i.e., quantity demanded) and elasticity of demand as a function of price, which was manipulated by varying the dose and ratio requirements on a fixed ratio schedule of reinforcement. Cocaine consumption decreased as a function of price in all groups. Elasticity of demand did not vary across groups, but consumption was significantly lower in socially housed rats paired with a rat without access to cocaine. These data suggest that the presence of an abstaining peer decreases the reinforcing strength of cocaine, thus supporting the development of social interventions in drug abuse prevention and treatment programs. PMID:23412112

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

2013-01-01

196

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

SciTech Connect

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

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

1986-12-01

197

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

NASA Astrophysics Data System (ADS)

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

Ramirez, A.; Eaton, D. J.

2012-12-01

198

Econometric and resource modeling methodology for projections of cost of development of U. S. natural gas potential  

SciTech Connect

Periodic estimates of the quantity and geographic location of the potential natural gas resources remaining to be discovered, developed and produced in the United States have been made by the Potential Gas Committee. These estimates, however, cover a wide range of geographic conditions, depth subdivisions and variations in the cost of exploration and drilling. The principal objective of this study, sponsored by the Gas Research Institute and the Electric Power Research Institute, is to develop an econometric and resource modeling methodology to evaluate the relative costs of development of the natural gas resource potential which has been estimated by the Potential Gas Committee, and to present these relative cost data in such a way that meaningful comparisons can be made between alternate resources of natural gas. The economic investigations in this study have been concentrated upon two main components: a drilling cost model and a discovery process model. A modification to a previously developed model has been prepared to estimate the discovery rates of natural gas based upon the Potential Gas Committee estimate of ultimate natural gas resource and the previous exploration history (actual or analog) of a geological province. The econometric model will be calibrated by comparisons with the subjective estimation of resource distribution by Potential Gas Committee members, and a consensus discovery rate would be derived. The drilling cost model will be used to translate the exploratory and development efforts into present constant dollars.

Gangwar, A.; Guzman, J.; Kent, H.C.; Schuenemeyer, J.H.; Snow, S.

1983-03-01

199

Macro-econometric model of the Nigerian economy: a simulated analysis of oil shocks in a development context  

SciTech Connect

The precarious position of Nigeria in being a one-resource (oil) based economy in terms of revenue generation has become a major cause of concern for the experts and political pundits. In this study, the author seeks to explore further the empirical basis for this concern in two stages. First, a macro-econometric model of Nigeria was constructed and evaluated. The model highlights the various channels through which the oil sector influences the rest of the economy. Economic theory, econometric techniques, existing fund of knowledge in the practice, computer simulation, and the institutional framework of Nigeria were brought to bear upon the modeling process. In the second stage, the resulting simulation model was used to examine the sensitivity of the economy to the leading sector (oil) as well as the growth potential of Nigeria up to 1986. The crucial question that was addressed is: will the oil sector be able to support a continuing economic growth of Nigeria in the absence of policy initiatives to diversify the revenue base of the economy. Although the empirical findings are hypothetical, they do have far-reaching implications for Nigeria's growth prospects and political stability.

Usip, E.E.E.

1984-01-01

200

Economic effects analysis of public investment in road improvement works in Hokkaido. Simulation analysis based on a macro-econometric model of Hokkaido  

Microsoft Academic Search

The objective of this study is to clarify how public investment in road improvement projects over a given analytical period of time has affected Hokkaido`s economic structure on the whole in relation to the industrial economy, prefectural income, household consumption, and commodity prices, through a simulation analysis based on a macro-econometric model. More specifically, our goal is to model both

Hideaki Abe; Tatsuhide Ito; Toshio Kuroyanagi; Hiroki Katagiri; Izumi Akihiro; Wada Tadayuki

2002-01-01

201

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

ERIC Educational Resources Information Center

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

Angrist, Joshua; Pischke, Jorn-Steffen

2010-01-01

202

Integrating geographic information systems and remote sensing with spatial econometric and mixed logit models for environmental valuation  

NASA Astrophysics Data System (ADS)

This research focuses on the Emory and Obed Watersheds in the Cumberland Plateau in Central Tennessee and the Lower Hatchie River Watershed in West Tennessee. A framework based on market and nonmarket valuation techniques was used to empirically estimate economic values for environmental amenities and negative externalities in these areas. The specific techniques employed include a variation of hedonic pricing and discrete choice conjoint analysis (i.e., choice modeling), in addition to geographic information systems (GIS) and remote sensing. Microeconomic models of agent behavior, including random utility theory and profit maximization, provide the principal theoretical foundation linking valuation techniques and econometric models. The generalized method of moments estimator for a first-order spatial autoregressive function and mixed logit models are the principal econometric methods applied within the framework. The dissertation is subdivided into three separate chapters written in a manuscript format. The first chapter provides the necessary theoretical and mathematical conditions that must be satisfied in order for a forest amenity enhancement program to be implemented. These conditions include utility, value, and profit maximization. The second chapter evaluates the effect of forest land cover and information about future land use change on respondent preferences and willingness to pay for alternative hypothetical forest amenity enhancement options. Land use change information and the amount of forest land cover significantly influenced respondent preferences, choices, and stated willingness to pay. Hicksian welfare estimates for proposed enhancement options ranged from 57.42 to 25.53, depending on the policy specification, information level, and econometric model. The third chapter presents economic values for negative externalities associated with channelization that affect the productivity and overall market value of forested wetlands. Results of robust, generalized moments estimation of a double logarithmic first-order spatial autoregressive error model (inverse distance weights with spatial dependence up to 1500m) indicate that the implicit cost of damages to forested wetlands caused by channelization equaled -$5,438 ha-1. Collectively, the results of this dissertation provide economic measures of the damages to and benefits of environmental assets, help private landowners and policy makers identify the amenity attributes preferred by the public, and improve the management of natural resources.

Wells, Aaron Raymond

203

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

SciTech Connect

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

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

1995-05-01

204

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

SciTech Connect

This study analyzes a subsample of 523 households from the 1975 Lifestyles and Household Energy Use survey conducted for the Washington Center for Metropolitan Studies. The study explores the empirical relationship between a set of four (4) Energy-Related Attitude/Belief (ERAB) variables and household electricity and natural gas consumption and three (3) Energy-Related Discrete Choice (ERDC) variables. The ERAB variables were constructed, using principal components factor analysis, from a portion of the survey responses dealing with what households felt should be done to handle current or future energy shortages. A key finding of the study is that, in the context of a conventional econometric specification of electricity and natural gas consumption, ERAB variables are statistically significant although less significant than conventional explanatory variables for household energy consumption.

Wetzel, B.M.

1988-01-01

205

Perspectives on econometric modelling to inform policy: a UK qualitative case study of minimum unit pricing of alcohol  

PubMed Central

Background: Novel policy interventions may lack evaluation-based evidence. Considerations to introduce minimum unit pricing (MUP) of alcohol in the UK were informed by econometric modelling (the Sheffield model). We aim to investigate policy stakeholders views of the utility of modelling studies for public health policy. Methods: In-depth qualitative interviews with 36 individuals involved in MUP policy debates (purposively sampled to include civil servants, politicians, academics, advocates and industry-related actors) were conducted and thematically analysed. Results: Interviewees felt familiar with modelling studies and often displayed detailed understandings of the Sheffield model. Despite this, many were uneasy about the extent to which the Sheffield model could be relied on for informing policymaking and preferred traditional evaluations. A tension was identified between this preference for post hoc evaluations and a desire for evidence derived from local data, with modelling seen to offer high external validity. MUP critics expressed concern that the Sheffield model did not adequately capture the real life world of the alcohol market, which was conceptualized as a complex and, to some extent, inherently unpredictable system. Communication of modelling results was considered intrinsically difficult but presenting an appropriate picture of the uncertainties inherent in modelling was viewed as desirable. There was general enthusiasm for increased use of econometric modelling to inform future policymaking but an appreciation that such evidence should only form one input into the process. Conclusion: Modelling studies are valued by policymakers as they provide contextually relevant evidence for novel policies, but tensions exist with views of traditional evaluation-based evidence. PMID:24367068

Bond, Lyndal; Hilton, Shona

2014-01-01

206

Characterizing China's energy consumption with selective economic factors and energy-resource endowment: a spatial econometric approach  

NASA Astrophysics Data System (ADS)

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.

Jiang, Lei; Ji, Minhe; Bai, Ling

2014-09-01

207

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

PubMed

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

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

2013-01-01

208

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

SciTech Connect

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

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

1985-02-01

209

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

SciTech Connect

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

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

1999-03-01

210

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

SciTech Connect

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

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

2010-01-01

211

American passenger train in the motor age: archival and econometric analyses of explanations for the decline in California, 1910-1941  

SciTech Connect

By analyzing the welfare consequences of passenger train service decisions in California, this dissertation addresses the question of whether the auto's eclipse of the American passenger train was in the public interest. Its thesis is that institutions supplying service failed to fully exploit passenger rail technology's welfare potential. The thesis is examined by testing the validity of four major explanations scholars have developed for the decline of the American train. Explanations are evaluated against archival and econometric analysis of primary sources. These sources focus on railroad passenger service in California, although the econometric analysis of demand examines the East Coast, as well. The study only partially unholds the thesis. Consumer choice accounted for a larger component of the decline than implied in the thesis. Most pre-auto rail demand in California was associated with rural areas; that remaining in the 1930's was mostly between large cities located close to each other and to a lesser extent those far apart. There were few such markets in California. However, after 1933 consumers increasingly demanded improved trains between large cities, and California's railroads succeeded in building a new traffic base centered on the long-distance train.

Thompson, G.L.

1987-01-01

212

Essays in financial econometrics  

E-print Network

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

Kocatulum, Emre

2008-01-01

213

Essays in Financial Econometrics  

E-print Network

are summarized as follows: Relative risk aversion is estimated around 1.5-5.5 with ambiguity aversion and 6-14 without ambiguity aversion. Related, the estimated ambiguity aversion is both economically and statistically significant and including the ambiguity...

Jeong, Dae Hee

2010-01-14

214

Econometric Methods for  

E-print Network

·Media and International Development ·Political Ecology of Environmental & Development ·Research Skills for Social Analysis ·Rural Policies ·Tools and Skills in Environment & Development ± ·¶ ± Will be timetabled Research Skills for Social Analysis OR Research Techniques and Analysis (Autumn) Induction week Induction

Matthews, Adrian

215

Econometrics as Sorcery  

E-print Network

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.

G. Innocenti; D. Materassi

2008-01-19

216

Hydrogen Production Econometric Studies.  

National Technical Information Service (NTIS)

The current assessments of fossil fuel resources in the United States were examined, and predictions of the maximum and minimum lifetimes of recoverable resources according to these assessments are presented. In addition, current rates of production in qu...

J. R. Howell, R. B. Bannerot

1975-01-01

217

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

SciTech Connect

The study analyzes a subsample of 523 households from the 1975 Lifestyles and Household Energy Use Survey conducted for the Washington Center for Metropolitan Studies. The study explores the empirical relationship between a set of four Energy-Related Attitude/Belief (ERAB) variables, household electricity and natural gas consumption, and three Energy-Related Discrete Choice (ERDC) variables. Using principal components factor analysis, the ERAB variables were constructed from a portion of the survey responses dealing with what households felt should be done to handle current or future energy shortages. A key finding of the study is that in the context of a conventional econometric specification of electricity and natural gas consumption, ERAB variables are statistically significant, although less significant than conventional explanatory variables for household energy consumption.

Wetzel, B.M.

1988-10-01

218

Determination of natural and socio-economic factors affecting landslide damage: an econometric approach using empirical evidence from the Calabria Region (Southern Italy)  

NASA Astrophysics Data System (ADS)

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.

Petrucci, O.; Vranken, L.

2012-04-01

219

Google Econometrics and Unemployment Forecasting  

Microsoft Academic Search

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

Nikolaos Askitas; Klaus F. Zimmermann

2009-01-01

220

Econometric Analysis Economic Growth and Development  

E-print Network

Marketing Marketing Management Social Media Technology Strategies of Multinational Corporations PARTNERS INCLUDE: The New England Economic Partnership (NEEP) is a member-supported, nonprofit and Regional Economic Studies at Bryant University has been an integral part of moving forward the debate about

Blais, Brian

221

Manpower Projections to 1980. Econometric Study.  

ERIC Educational Resources Information Center

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

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

222

AN ECONOMETRIC ANALYSIS OF NET INVESTMENT IN  

E-print Network

seen a remarkable substitution of steel and fiberglass vessels for wooden vessels. The factors of steel, wood, and fiberglass vessels in the Gulf fleet. The effects of alternative macroeco- nomic vessel (e.g., wood, steel, fiberglass) can be stated algebraically as follows3: 2: p(ilXlilKj ) - (i

223

Cluster-Sample Methods in Applied Econometrics  

Microsoft Academic Search

Inference methods that recognize the clustering of individual observations have been available for more than 25 years. Brent Moulton (1990) caught the attention of economists when he demonstrated the serious biases that can result in estimating the effects of aggregate explanatory variables on individual-specific response variables. The source of the downward bias in the usual OLS standard errors is the

Jeffrey M. Wooldridge

2003-01-01

224

An econometric analysis of nonsynchronous trading  

Microsoft Academic Search

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

Andrew W. Lo; A. Craig MacKinlay

1990-01-01

225

Inflation dynamics: A structural econometric analysis  

Microsoft Academic Search

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

Jordi Gal??; Mark Gertler

1999-01-01

226

The Econometric Analysis of Transition Data  

Microsoft Academic Search

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

Tony Lancaster

1990-01-01

227

Econometric Analysis on Efficiency of Estimator  

E-print Network

This paper investigates the efficiency of an alternative to ratio estimator under the super population model with uncorrelated errors and a gamma-distributed auxiliary variable. Comparisons with usual ratio and unbiased estimators are also made.

M. Khoshnevisan; F. Kaymram; Housila P. Singh; Rajesh Singh; Florentin Smarandache

2003-04-16

228

Panel Data Econometric Models: Theory and Application  

E-print Network

) total value of exports would increase by 14.65 %. Similarly, Hong Kongs total value of imports would increase about 31%. We conclude that Hong Kong dollar is overvalued by 9.34% due to its fixed exchange rate policy....

Gao, Yichen

2013-05-20

229

Modeling Globalization: A Spatial Econometric Analysis  

Microsoft Academic Search

We live in a state of global interdependency, in which actions, events and decisions made in one country may have ramifications\\u000a for many others. Although the phenomena associated with globalization are far reaching and the concern of many disciplines,\\u000a from the perspective of a geographical economist, it is natural to focus on the economic consequences and causes of globalization.\\u000a I

Bernard Fingleton

230

RANDOM SETS IN FINANCE AND ECONOMETRICS Ilya Molchanov  

E-print Network

as for one person who has lost on a 1000 pounds stake. In finance this effect is widely used in diversifying is apparent here: simultaneous purchase and sale of 1 Euro at the UK money exchange booth makes zero effect

Molchanov, Ilya

231

Estimating Pesticide Marginal Productivity of Apples Using Damage Control Econometrics  

Microsoft Academic Search

Summary Emp ?ic aJ studies of pesticide productivity have not been undertaken in )apan. This is mainly due to the difficulty of handling pesticides as a standard economic inpu t. Damage control agent such as pesti- cides increase the share of potential output that producers realize by reducing damage ?om natural causes. It di ?ers fundamentally ?om standard inputs. This

Naoki KON-YA

232

An Econometric Analysis of Export Supply of Grains in Australia.  

National Technical Information Service (NTIS)

Australia's production and consumption of wheat and feed grains is of major interest to the United States, since the U.S. share of world exports depends on the amount of grain exported by Australia, our major competitor. This study develops theoretical mo...

J. Spriggs

1978-01-01

233

Forecasting electricity demand with end-use\\/econometric models  

Microsoft Academic Search

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

M. J. King; M. J. Scott

1983-01-01

234

An econometric analysis of prices for Texas grapefruit  

E-print Network

" 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...

Gutierrez-Villarreal, Jorge

2012-06-07

235

Econometric Analysis of Cross Section and Panel Data  

Microsoft Academic Search

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

Jeffrey M. Wooldridge

2002-01-01

236

Econometrics of yield spreads in the money market: a note  

Microsoft Academic Search

The literature on bond markets and interest rates has focused largely on the term structure of interest rates, specifically, on the so-called expectations hypothesis. At the same time, little is known about the nature of the spread of the interest rates in the money market beyond the fact that such spreads are generally unstable. However, with the evolution of complex

S. K. Bhaumik; D. Coondoo

2003-01-01

237

Essays on Nonparametric Series Estimation with Application to Financial Econometrics  

E-print Network

, bimodal I and bimodal II, investigated in Wand and Jones [40], are used as benchmarks. Moreover, we consider mixtures of trivariate normals with similar features. The parameters for these normal mixtures are given in the ap- pendix. The maximum order....0104 0.0146 0.0072 (0.0061) (0.0082) (0.0043) (0.0046) (0.0029) (0.0025) kurtotic 0.0202 0.0153 0.0152 0.0129 0.0099 0.0010 (0.0052) (0.0037) (0.0042) (0.0023) (0.0026) (0.0010) bimodal I 0.0075 0.0065 0.0049 0.0038 0.0028 0.0018 (0.0029) (0.0045) (0...

Chang, Meng-Shiuh

2012-10-19

238

Author's personal copy Journal of Econometrics 147 (2008) 336349  

E-print Network

. The 1996 farm bill replaced farm-level price and income supports with decoupled payments. Welfare, Food several years, farm and food policy in the United States has undergone a continuous transformation, and minerals. The upshot is that many farm-level price and income support programs and policies create

LaFrance, Jeffrey T.

239

An Econometric Analysis of Public Transportation Planning Norms.  

National Technical Information Service (NTIS)

The purpose of this working paper is to extend the analysis of urbanized areas to explore the hypothesis that it is possible to develop some preliminary public transportation planning norms from the NTS data. The analysis proceeds on three sections. The f...

1975-01-01

240

Econometric tests of American college football's conventional wisdom  

Microsoft Academic Search

College football fans, coaches and observers have adopted a set of beliefs about how college football poll voters behave. I document three pieces of conventional wisdom in college football regarding the timing of wins and losses, the value of playing strong opponents and the value of winning by wide margins. Using a unique data set with 25 years of Associated

Trevon D. Logan

2010-01-01

241

An econometric analysis and forecasting of Seoul office market  

E-print Network

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 ...

Kim, Kyungmin

2011-01-01

242

An econometric analysis of the market for natural gas futures  

SciTech Connect

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

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

1995-12-31

243

An econometric model of the Texas softwood pulpwood stumpage market  

E-print Network

. The null and alternative hypotheses of the preceding can be restated in the following notated forms l. 2. 3. 4. 5. 6. Ho: BQd * / Ho' . BQd~* / Ho: BQde* Ho. ' BQd~* Ho: BQd * No: BQd * / ac, = o as, = o BFpr = 0 app, =o aps, = o BQd.... The null and alternative hypotheses of the preceding can be restated in the following notated forms l. 2. 3. 4. 5. 6. Ho: BQd * / Ho' . BQd~* / Ho: BQde* Ho. ' BQd~* Ho: BQd * No: BQd * / ac, = o as, = o BFpr = 0 app, =o aps, = o BQd...

Carter, Douglas Ray

2012-06-07

244

Multivariate Skew-t Distributions in Econometrics and Environmetrics  

E-print Network

. . . . . . . . . . . . . . . . . . . . 84 2. Multivariate analysis . . . . . . . . . . . . . . . . . . . 92 E. Analysis of Automobile Prices . . . . . . . . . . . . . . . . 96 F. Log-Skew-Normal and Log-Skew-t Distributions . . . . . . 99 G. Conclusion.... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 96 23 Summary statistics of automobile prices. . . . . . . . . . . . . . . . . 97 24 Skew-t model for automobile prices. . . . . . . . . . . . . . . . . . . . 98 25 Estimated moments of the skew-t fit to automobile prices. . . . . . . 98 26 Log...

Marchenko, Yulia V.

2012-02-14

245

Econometrics of the Basu Asymmetric Timeliness Coefficient and Accounting Conservatism  

E-print Network

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 ...

BALL, RAY

246

Econometric analysis of energy use in urban households  

SciTech Connect

This article analyzes the pattern of energy carrier consumption in the residential sector of Bangalore, a major city in south India. A 1,000-household survey was used to study the type of energy carrier used by households in different income groups for different end-uses, such as cooking, water heating, and lighting. The dependence of income on the carrier utilized is established using a carrier dependence index. Using regression analysis, the index analyses the impact of different explanatory variables such as family income, family size, and price of energy carrier on consumption. The results show that income plays an important role not only in the selection of an energy carrier but also on the quantity of consumption per household. Also, a source-service matrix is prepared for Bangalore`s residential sector, which shows the disaggregation of energy consumption by the type of energy carrier and end-use.

Reddy, B.S. [Indira Gandhi Inst. of Development Research, Bombay (India)

1995-05-01

247

Partially Adaptive Econometric Methods For Regression and Classification  

Microsoft Academic Search

Assumptions about the distributions of domain variables are important for much of statistical learning, including both regression\\u000a and classification problems. However, it is important that the assumed models are consistent with the stylized facts. For\\u000a example selecting a normal distribution permits modeling two data characteristicsthe mean and the variance, but it is not\\u000a appropriate for data which are skewed or

James V. Hansen; James B. McDonald; Panayiotis Theodossiou; Brad J. Larsen

2010-01-01

248

An econometric model of birthinputs and outputs for Native Americans  

Microsoft Academic Search

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

Kai Li; Dale J. Poirier

249

Econometric Analyses of Public Water Demand in the United States  

E-print Network

can inform rate-setters of the effects 3 their policies will have over a given interval, such as a fiscal year. This information can contribute to efficiency, budgetary, and social gains. Demand at its most basic is the relationship between... results. Low significance levels in contemporaneous price are consistent with the hypothesis of incomplete information, which would imply a learning process over time (Carver and Boland 1980). Nauges and Thomas (2003) provide a more revealing dynamic...

Bell, David

2012-02-14

250

Bayesian Inference in Econometric Models Using Monte Carlo Integration  

Microsoft Academic Search

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

John Geweke

1989-01-01

251

Immigration and Trade Creation: Econometric Evidence from Canada  

Microsoft Academic Search

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

Keith Head; John Ries

1998-01-01

252

An Econometric Model of the U.S. Wine Industry.  

E-print Network

, this is equivalent to specifying that the ratio of quantities consumed is determined by the price ratio of the two types of wine. This specification is typical of models employed in inter national trade to predict commodity trade flows between different countries..., this is equivalent to specifying that the ratio of quantities consumed is determined by the price ratio of the two types of wine. This specification is typical of models employed in inter national trade to predict commodity trade flows between different countries...

Wohlgenant, Michael K.

1985-01-01

253

Econometric Modelling of Antitrust Environment and Patent Activity  

Microsoft Academic Search

This paper examines the relationship between the antitrust environment and technological inventiveness in the US economy, where technological inventiveness is measured by patent activity. Although not all registered patents are commercialised into inventions, patent data provide a valuable source of information about technological efforts. Patenting is also very important as it is linked to an economic and legal environment which

Dora Marinova; Michael McAleer; Daniel Slottje

254

Food Scares and Demand Recovery Patterns: An Econometric Investigation  

Microsoft Academic Search

This paper aims to propose a flexible stochastic approach to measure the time pattern of a food scare, which does not require the inclusion of additional explanatory variables such as a media coverage indices and easily accommodates the reoccurrence of the same or different scares. We show the results of an application to Italian demand for beef and chicken, which

Mario Mazzocchi

2004-01-01

255

Hydrogen production econometric studies. [hydrogen and fossil fuels  

NASA Technical Reports Server (NTRS)

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.

Howell, J. R.; Bannerot, R. B.

1975-01-01

256

Energy productivity in the industrial sector: an econometric analysis  

SciTech Connect

Energy productivity and energy intensity within the industrial sector of the economy are examined. Results suggest that relative prices and other economic factors can explain much of the variation in both energy productivity and energy intensity for manufacturing and mining and for the industrial sector as a whole. Cyclical factors, seasonal factors and trend variables are also useful in explaining variation in these data, both for annual and monthly time series. Of the variables examined, it appears that the relative price of energy is a highly significant factor in accounting for the difference between actual industrial energy intensity and that which might have been expected had pre-1973 trends continued.

Roop, J.M.

1983-01-01

257

The Econometric Analysis of Tomato Production with contracting in Turkey  

NASA Astrophysics Data System (ADS)

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

Gunes, Erdogan

258

Inflation and Unemployment: econometric exercise for Cali-Colombia  

Microsoft Academic Search

The curve of Phillips being a debate in the academic and governmental, not alone way for your application, but also for the form like it's defines and shapes the inverse relation between inflation and unemployment for the design of the economic policy. Thinking that during the last years Cali has experienced the major rates of inflation and unemployment in the

Jos Santiago Arroyo; Elizabeth Aponte; Henry Duque; Jaime Florez

2005-01-01

259

Causality and aggregation in economics: the use of high dimensional panel data in micro-econometrics and macro-econometrics  

E-print Network

............................................................................................................................. 247 VITA .......................................................................................................................................... 248 ix LIST OF TABLES TABLE Page 3.1 Synthetic Parameters for Three... conditions and index number theory. Third, the functional form issue is addressed by the synthetic model approach based on the differential functional form framework. The comparison of alternative specifications is conducted in terms of model selection...

Kwon, Dae-Heum

2009-05-15

260

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

Microsoft Academic Search

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

Hashem Dezhbakhsh; Paul Rubin

2011-01-01

261

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

E-print Network

findings revealed that perceived risk was positively associated with exposure levels and also related individuating factors, in particular smoking habits and ones current health status. Further evidence was found that the variance of the perceived risk...

Nguyen, To Ngoc

2009-05-15

262

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

PubMed Central

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

Townsend, Robert M.; Urzua, Sergio S.

2010-01-01

263

The Econometrics of Maritime Safety: "Recommendations to Enhance Safety at Sea".  

E-print Network

??abstractDe maritieme industrie wordt gekarakteriseerd door een extensief juridisch kader gebaseerd op internationale wetten die beperkte wettelijke mogelijkheden voor handhaving bieden in geval van overtreding. (more)

S. Knapp (Sabine)

2007-01-01

264

An Econometric Cost-Benefit Analysis of Argentina's Youth Training Program  

Microsoft Academic Search

The Youth Training Program (YTP) was an important component of Argentinas active labor policy of the 1990s. The program offered courses of three months duration, divided equally between lectures and practical experience, and targeted young people, most of whom were not employed and had a low level of education. The program was offered by different institutions chosen through a bidding

Vctor Elas; Fernanda Ruiz Nez; Ricardo Cossa; David Bravo

2004-01-01

265

Theory and econometric evidence explaining public expenditure: the case of Iran  

Microsoft Academic Search

The purpose of this paper is to analyse government expenditure in Iran using annual time series data for the period 1963-2000. Various theories of the size of government are reviewed and a distinction is made between economic\\/structural determinants and institutional determinants. Categorising the theories of government expenditure in this way suggests the application of non-nested tests as a mechanism whereby

D. P. Doessel; A. Valadkhani

2003-01-01

266

Resilience of Indian agriculture to external shocks: Analyzing through a structural econometric model  

Microsoft Academic Search

Is Indian agriculture resilient to external shocks? This question has assumed considerable importance ever since macroeconomic reforms were implemented from the early nineties. As a result, the agricultural sector was exposed to sudden disturbances caused not just by the demand and supply conditions within the country, but also by volatility in world market price, exchange rate and surge in imports.

Seema Bathla

2011-01-01

267

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

Microsoft Academic Search

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

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

2008-01-01

268

Determining transit impact on Seoul office rent and land value: an application of spatial econometrics  

E-print Network

that the potential of more compact and denser developments within station areas iv seems higher in a dense inner city, providing evidence for the concept of ?compact city.? Questions concerning model specification in the hedonic approach are raised: in research...? in a non-urban area. Research in the former is related to a cross-sectional analysis of the city, usually using a hedonic price model which regresses proximity to stations on property price or comparing the real estate performance, e.g. rental levels...

Kim, Jin

2005-02-17

269

ECONOMETRIC PERSPECTIVE OF THE ENVIRONMENTAL CHANGE AND BIODIVERSITY LOSS IN EUROPE1  

Microsoft Academic Search

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

Mahesh Kumar Singh; Mria Fekete-Farkas; Jzsef Molnr

270

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

Microsoft Academic Search

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

Blondel Averil Brinkman

2006-01-01

271

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

E-print Network

:30 International Relations in the Era of the Cold War. Money and Banking. Politics in Latin America. The Philosophy:30 Government and Politics of the United States. 14:30 Philosophy of Religion. The Government and Politics

Oxford, University of

272

An Econometric Examination of the Behavioral Perspective Model in the Context of Norwegian Retailing  

ERIC Educational Resources Information Center

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

Sigurdsson, Valdimar; Kahamseh, Saeed; Gunnarsson, Didrik; Larsen, Nils Magne; Foxall, Gordon R.

2013-01-01

273

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

E-print Network

, on the other hand, gave very good results, as evidenced by the fact that the independent variables retained in the final forecasting equation (the price indices of Douglas-fir, softwood plywood, and clay products; seasonal indices of orders, and residential... forecasting equations of the de- mand for Douglas-fir and ponderosa pine lumber were also derived using the regression analysis. Holland carried out two other related studies. The first was concerned with analyzing changes in lumber price and consump...

Jackson, Ben Douglas

2012-06-07

274

Sub-national growth rate differentials in South Africa: an econometric analysis  

Microsoft Academic Search

This research note examines the determinants of economic growth at the sub-national level in South Africa, and investigates cross-regional medium term (1998-2002) growth rate differentials between 354 magisterial districts. A dynamic panel data regression model is used that includes measures of geography (distance and natural resources) as well as recent estimates of physical and human capital. We find that the

W. A. Naud; W. F. Krugell

2006-01-01

275

What Happens to Nascent Entrepreneurs? An Econometric Analysis of the PSED  

Microsoft Academic Search

\\u000a abstract\\u000a This article follows the progress of a large and nationally representative sample of American nascent entrepreneurs identified in the initial interview of the Panel Study of Entrepreneurial Dynamics (PSED) over the next 12months of the panel. We develop a novel theoretical framework based on maximisation of expected utility and the value of waiting, and estimate it to

Simon C. Parker; Yacine Belghitar

2006-01-01

276

Chapter 31 The economics and econometrics of active labor market programs  

Microsoft Academic Search

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

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

1999-01-01

277

Spatial Econometric Models for Panel Data: Incorporating Spatial and Temporal Data  

E-print Network

cells which have no lower bound. Klosterman's (1999) "What if?" model of land use assigns land uses@mail.utexas.edu, Phone: 512-471-0210, FAX: 512-475-8744 (Corresponding Author) The following paper is a pre-print and the final publication can be found in Transportation Research Record No. 1902: 80-90, 2005. Presented

Kockelman, Kara M.

278

Econometric model of the joint production and consumption of residential space heat  

SciTech Connect

This study models the production and comsumption of residential space heat, a nonmarket good. Production reflects capital investment decisions of households; consumption reflects final demand decisions given the existing capital stock. In the model, the production relationship is represented by a translog cost equation and an anergy factor share equation. Consumption is represented by a log-linear demand equation. This system of three equations - cost, fuel share, and final demand - is estimated simultaneously. Results are presented for two cross-sections of households surveyed in 1973 and 1981. Estimates of own-price and cross-price elasticities of factor demand are of the correct sign, and less than one in magnitude. The price elasticity of final demand is about -0.4; the income elasticity of final demand is less than 0.1. Short-run and long-run elasticities of demand for energy are about -0.3 and -0.6, respectively. These results suggest that price-induced decreases in the use of energy for space heat are attributable equally to changes in final demand and to energy conservation, the substitution of capital for energy in the production of space heat. The model is used to simulate the behavior of poor and nonpoor households during a period of rising energy prices. This simulation illustrates the greater impact of rising prices on poor households.

Klein, Y.L.

1985-12-01

279

Econometric model of the joint production and consumption of residential space heat  

SciTech Connect

This study models the production and consumption of residential space heat, a nonmarket good. Production reflects capital investment decisions of households; consumption reflects final demand decisions given the existing capital stock. In the model, the production relationship is represented by a translog cost equation and an energy factor share equation. Consumption is represented by a log-linear demand equation. This system of three equations - cost, fuel share, and final demand - is estimated simultaneously. Results are presented for two cross-sections of households, surveyed in 1973 and 1981. Estimates of own price and cross-price elasticities of factor demand are of the correct sign, and less than one in magnitude. The price elasticity of final demand is about -0.4; the income elasticity of final demand is less than 0.1. Short-run and long-run elasticities of demand for energy are about -0.3 and -0.6. These results suggest that price-induced decreases in the use of energy for space heat are attributable equally to changes in final demand and to energy conservation, the substitution of capital for energy in the production of space heat. The estimated model is used to simulate the behavior of poor and nonpoor households during a period of rising energy prices. This simulation illustrates the greater impact of rising prices on poor households.

Klein, Y.L.

1985-01-01

280

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

SciTech Connect

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

Eltony, M.N.

1994-12-31

281

Report of an Econometric Study of the Energy Sector of Alabama.  

National Technical Information Service (NTIS)

The purposes of the research project are: the collection of enrgy-related economic data, the estimation of relationships among energy demand and supply and the Alabama economy, and the development of the capability to simulate the effects of alternative d...

D. L. Hooks, D. C. Cheng

1979-01-01

282

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

Microsoft Academic Search

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

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

2010-01-01

283

AN ECONOMETRIC MODEL OF ROL-EUR REAL EXCHANGE RATE DETERMINATION  

Microsoft Academic Search

In the entire transition period, the exchange rate and the exchange market represented considerable problems, that everybody ceaselessly looked after. In order to study the evolutions in this field and the correlation with other sectors, a very detailed presentation of the aspects related to the structural, legislative and functional changes occurred in the transition period, in all the economic sectors

Magdalena Radulescu

2005-01-01

284

Journal of Econometrics 168 (2012) 207222 Contents lists available at SciVerse ScienceDirect  

E-print Network

) (based on the transition function of the process), Carr and Wu (2003) (based on short dated options, Paris 6, 75 013 Paris, France a r t i c l e i n f o Article history: Received 13 April 2010 Received in revised form 17 November 2011 Accepted 15 December 2011 Available online 22 December 2011 JEL

Aït-Sahalia, Yacine

285

Factor endowments and the international location of production: Econometric evidence for the OECD, 19701985  

Microsoft Academic Search

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

James Harrigan

1995-01-01

286

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

Microsoft Academic Search

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

Leslie E. Papke; Jeffrey M. Wooldridge

1996-01-01

287

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

E-print Network

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

Townsend, Robert

288

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

Microsoft Academic Search

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

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

1993-01-01

289

On rate optimality for ill-posed inverse problems in econometrics  

E-print Network

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.

Chen, Xiaohong

2007-01-01

290

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

Microsoft Academic Search

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

Erik Brynjolfsson; Chris F. Kemerer

1996-01-01

291

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

Microsoft Academic Search

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

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

1984-01-01

292

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

Microsoft Academic Search

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

Gerald C. Nelson; Daniel Hellerstein

1997-01-01

293

Micro-econometric models for analysing capital adjustment on Dutch pig farms  

Microsoft Academic Search

Farmers operate their business in a dynamic environment. Fluctuating prices, evolving agricultural and environmental policies, technological change and increasing consumer demands for product quality (e.g. with respect to environmental friendly production methods, animal welfare and food safety) frequently require adjustment of production and input levels on individual farms. Quantities of variable production factors like animal feed or pesticides can usually

C. Gardebroek

2001-01-01

294

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

Microsoft Academic Search

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

Lszl Halpern; Gbor Krsi

1998-01-01

295

The effectiveness of the US endangered species act: An econometric analysis using matching methods  

Microsoft Academic Search

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

Paul J. Ferraro; Craig McIntosh; Monica Ospina

2007-01-01

296

A GIS-Assisted Rail Construction Econometric Model that Incorporates LlDAR Data  

Microsoft Academic Search

Identifying the optimum route for new railroad lead-tracks using traditional field methods is often time-consuming, is costly, and does not allow for easy investigation of alternative routes. The NASA sponsored Affiliated Research Center (ARC) at the University of South Carolina worked with Norfolk Southern Corporation to develop a remote sensing and GIS- assisted lead-track route selection model. The objective was

David J. Cowen; John R. Jensen; Chad Hendrix; Michael E. Hodgson; Steven R. Schili

2000-01-01

297

Discussion of paper "A selective overview of nonparametric methods in financial econometrics" by Jianqing Fan  

E-print Network

the support of the National Science Foundation under grant DMS-0204639. 1 #12;Discussion of paper by Jianqing management (as in Fleming, Kirby and Ostdiek (2001)), options hedging (as in Mykland (2003)), or to test

298

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

NASA Astrophysics Data System (ADS)

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

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

2014-05-01

299

Econometric analysis of the historical growth and volatility trends of various metals  

E-print Network

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 ...

Jones, Brittany Laurl

2012-01-01

300

ECON 466 -INTRODUCTION TO ECONOMETRICS Instructor: Kai Sun Class Room: Engineering Building N25  

E-print Network

, rather than field courses such as urban or labor economics which focus on particular economic problems is an application of statistical methods to the estimation of economic relationships. As such, this is neither a statistics course nor a course in economic theory, although students are expected to have a basic

Suzuki, Masatsugu

301

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

SciTech Connect

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

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

1996-09-01

302

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

NASA Astrophysics Data System (ADS)

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

Michetti, Melania; Pinar, Mehmet

2013-04-01

303

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

ERIC Educational Resources Information Center

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

Gottfried, Michael A.; Johnson, Erica L.

2006-01-01

304

An econometric irrigated crop allocation model for analyzing the impact of water restriction policies  

Microsoft Academic Search

The objective of the Spanish government-funded GESMO project is to research on new water policy evaluation and monitoring tools, applied to aquifer 8\\/23 in the Eastern Mancha, which covers one of the most important areas under the charge of the Jcar Catchment Confederation. The project is to output two types of end products: Decision Support Systems for defining water use

B. Recio; F. Rubio; J. Lomban; J. Ibaez

1999-01-01

305

An econometric model of birth inputs and outputs for Native Americans  

Microsoft Academic Search

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

Kai Li; Dale J. Poirier

2003-01-01

306

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

E-print Network

?ed: the ?rst stressed the role of OPEC as a monolithic cartel (Pindyck (1978b) and Gilbert (1978)), the second group only considered a subset of OPEC to be a cartel (Hnyilicza and Pindyck (1976) and Eckbo (1976)), while the third group perceived there to be a... is not relevant for estimation of P #3;t;Tt. In fact it is illustrated that P #3; t;Tt net of marginal extraction cost (#11;) is only determined by the real interest rate (r) and the estimates of the total amount of the resource available (TRt) scaled by #14...

Mohaddes, Kamiar

2012-03-02

307

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

E-print Network

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

Shi, Xiaoyu

2006-01-01

308

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

E-print Network

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

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

2005-01-01

309

Determinants of Work Animal Density in Tamil Nadu: An Econometric Analysis  

Microsoft Academic Search

From independence, size and composition of bovines in Tamil Nadu showed differential growth pattern. The total bovine population showed an increasing trend up to the early-Sixties and thereafter stagnant till the early Eighties. While the milch animal stock increased steadily, the work animals showed a declining trend from seventies. These trends not only indicate the growing importance of dairy animals

Albert Christopher Dhas

2008-01-01

310

Location factors of international R&D activities: an econometric approach  

Microsoft Academic Search

Research and development (R&D) is important for economic growth. Many countries therefore attempt to raise the investments in R&D. Increasingly important in this context are foreign direct investments in R&D, which on average constitute 24% of total business R&D investments in the EU15 (between 1995 and 2004). This paper focuses on the question: Which location factors are decisive for the

Hugo Erken; Marcel Kleijn

2010-01-01

311

Journal of Econometrics 113 (2003) 3348 www.elsevier.com/locate/econbase  

E-print Network

testimony and epidemiological evidence: the toxic e ects of lead exposure on children Stephen E. Fienberga on lowering the IQs of children who ingest lead paint chips. The data we use come from a well-known pioneering, cheating on examinations, drug smuggling, voting fraud, and the adjustment of the US decennial census

Spirtes, Peter

312

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

E-print Network

that smoking causes lung and laryngeal cancer, chronic obstructive pulmonary disease (COPD), coronary heart, attributable to smoking for two disease groups: (LC) lung and laryngeal cancer and chronic ob- structive pulmonary disease, (CHD) cardiovascular disease, stroke and other smoking-caused cancers. We use

Dominici, Francesca

313

Complementarity of Forests and Farms: A Spatial Econometric Approach to Ecosystem Valuation in Indonesia  

Microsoft Academic Search

This paper responds to responds to three challenges posed in the literature by measuring the importance of watersheds protection to poor farming communities in the developing world. First, recent reviews show that (a) valuation studies have overlooked livelihood values of natural resources in developing countries, focusing largely on amenity values in developed countries, and (b) ecosystem valuation studies have framed

Subhrendu K. Pattanayak; David T. Butry

2002-01-01

314

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

PubMed Central

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

Zhao, Zhibiao

2011-01-01

315

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

Microsoft Academic Search

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

David Card

2000-01-01

316

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

Microsoft Academic Search

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

S. C. Mathur; J. P. Clark

1983-01-01

317

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

E-print Network

1 This dissertation follows the style and format of the American Journal of Agricultural Economics. 2 million head and, in smaller scale, New Zealand, Argentina, Uruguay, and South Africa. In the world?s wool production, Australia... is the largest producer with 946 million pounds of clean fleece (in 2002), followed by New Zealand, China, Argentina, Uruguay and South Africa. Australia is the world?s largest exporter of wool with 406 million pounds of clean fleece followed by New Zealand...

Ribera Landivar, Luis Alejandro

2005-08-29

318

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

Microsoft Academic Search

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

Ole E. Barndorff-Nielsen; Neil Shephard

2002-01-01

319

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

EPA Science Inventory

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

320

Comparing Sectoral Investment and Employment Specialisation of EU Regions: A Spatial Econometric Analysis  

Microsoft Academic Search

EMU is accompanied by increased market integration and factor mobility ? especially of the production factor capital. Up to date, there is no clear indication concerning the specialisation tendencies to be expected due to these impacts. This paper thus investigates the driving forces of sectoral investment specialisation of EU regions. Regional investment patterns are compared to average EU patterns in

Claudia Stirboeck

2003-01-01

321

Purchased child care, optimal family size and mother's employment Theory and econometric analysis  

Microsoft Academic Search

The paper develops a model of family size decisions in which couples choose explicitly a combination of mother's time and purchased childcare (e.g. childminders, nannies) for the care and rearing of children. The theoretical model implies that the impact of the mother's wage on her completed fertility varies with the market price of childcare, and that this effect increases (becoming

John F. Ermisch

1989-01-01

322

Technological Leadership and Sectoral Employment Growth:A Spatial Econometric Analysis for U.S. Counties  

Microsoft Academic Search

This paper investigates the determinants of technological catch-up and examines at a refined level of spatial and sectoral aggregation to what extent geographical and\\/or technological proximity to the technology leader impact regional employment growth. Technological progress is endogenously determined and depends on specialization, competition and diversity. We also allow technological progress to depend on agglomeration economies in proximate regions, and

Valerien O. Pede; Raymond J. G. M. Florax; Henri L. F. de Groot

2011-01-01

323

AN ECONOMETRIC ANALYSIS OF INFANT MORTALITY, POLLUTION, AND INCOME IN THE U.S. COUNTIES  

Microsoft Academic Search

The concept of economic development has broadened to include environmental quality and population health. Interactions between income and pollution, income and health, and pollution and health have been studied separately by researchers from various disciplines. This study attempts to unify several different research strands and analyze simultaneous interactions between population health, measured by the infant mortality rate, pollution, and income

Margarita Yuri Somov

2004-01-01

324

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

Microsoft Academic Search

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

Markus Eberhardt; Francis Teal

2009-01-01

325

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

E-print Network

international trade by spending the currency to the host countries, but also improve the quality life of citizens. Moreover, Japan's tourists dominate Taiwan's inbound tourism market, and they have occupied more than 50% of Taiwan's total foreign visits each... international trade by spending the currency to the host countries, but also improve the quality life of citizens. Moreover, Japan's tourists dominate Taiwan's inbound tourism market, and they have occupied more than 50% of Taiwan's total foreign visits each...

Chang, Chun-Ling

2012-06-07

326

IMPLEMENTATION OF BOOTSTRAP TECHNIQUES FOR ECONOMETRIC FORECASTS: ILLUSTRATIONS IN THE CAR INDUSTRY  

Microsoft Academic Search

Bootstrap techniques, which were developed from the original work of Efron (1979), lead to interesting results on regression models (Freedman, 1981), when information on the distribution of disturbance terms are not available. Stine (1985) carried out the implementation of these techniques on forecasting, in order to build prediction intervals. Such developments were particularly useful for the prediction of industrial costs

Sandrine Juan; Frdric Lantz

2000-01-01

327

Modelling the dynamics of market shares in a pooled data setting: econometric and empirical issues  

Microsoft Academic Search

The objective of this article is twofold. First, it is to study the applicability of the widely used Autoregressive Distributed Lag Model (ARDL) in a pooled data setting. Second, it is to analyse Chile's market shares in the EU during the period 1988 to 2002, pointing to application problems that might jeopardize the model and searching for estimation methods that

Dierk Herzer; Sebastian Vollmer; Inmaculada Martnez-Zarzoso

2011-01-01

328

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

E-print Network

Increase in U. S. Soybean Production Increase in Brazil Soybean Production Increase in the EC Import Price of Cassava . Increase in the EC import of FGS protein from the United States Increase in the EC import Price of FGS Energy Ingredients from... (continued) Table Page 74. The impact of a 10 percent increase in Brazil Soybean Production on the endogenous variables, all other ex- ogenous variables at their individual averages for the 1976-78 period 225 75. The impact of a 10 percent increase...

Tucker, James Leroy

2012-06-07

329

The relationship between Chinese energy consumption and GDP: An econometric analysis based on the grey relational analysis(GRA)  

Microsoft Academic Search

Since Chinese energy consumption is closely related to the GDP, industrial structure, technology progress, and opening degree, three indexes are selected by the authors herein by means of grey relational analysis, including the tertiary industry proportion, the research expenditure from governmental finance, and the foreign trade dependence level, which have more correlation with Chinese energy consumption and are applied to

Dong Feng; Tan Qingmei; Li Xiaohui

2009-01-01

330

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

Microsoft Academic Search

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

Daniel Trefler

1993-01-01

331

An econometric analysis and forecast of the Central London Office Market : single model versus aggregate submarket models  

E-print Network

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 ...

Waisnor, Matthew E. (Matthew Edward)

2013-01-01

332

The economics of awards, status and performance: the John Bates Clark Medal and the Fellowship of the Econometric Society.  

E-print Network

??This thesis investigates whether receiving an important award in academia raises recipients subsequent research productivity and status compared to a synthetic control group of non-recipient (more)

Chan, Ho Fai

2013-01-01

333

The Effectiveness of Listing under the U.S. Endangered Species Act An econometric analysis using matching methods  

Microsoft Academic Search

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

Paul J. Ferraro; Craig McIntosh; Monica Ospina

334

Econometric Analysis of Erie County, NY Schools: The Effects of Poverty on Our Schools and Evaluating Possible Solutions  

Microsoft Academic Search

School districts in the Buffalo Metropolitan Area are very segregated by socioeconomic status which has resulted in very different educational outcomes for the region's students as measured by New York State assessment results at the 4th grade and 8th grade level in English Language Arts and Math. This study measured the correlation between average test score results for each school

Ryan B Keem

2011-01-01

335

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

SciTech Connect

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

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

1993-08-01

336

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

NASA Astrophysics Data System (ADS)

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

Yoo, Jin Woo

337

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

PubMed

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

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

2013-10-15

338

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

Microsoft Academic Search

The Swedish producer responsibility ordinance mandates producers to collect and recycle packaging materials. This paper investigates the main determinants of collection rates of household plastic packaging waste in Swedish municipalities. This is done by the use of a regression analysis based on cross-sectional data for 252 Swedish municipalities. The results suggest that local policies, geographic\\/demographic variables, socio-economic factors and environmental

Olle Hage; Patrik Soederholm

2008-01-01

339

The Impact of Disaggregated ICT Capital on Electricity Intensity of Production: Econometric Analysis of Major European Industries  

Microsoft Academic Search

In this paper we empirically analyse the impact of disaggregated ICT capital on the electricity intensity in five major European industries (chemical, food, metal, pulp & paper and textile). The analysis of each industrial sector is based on an unbalanced panel including data for eight EU member countries (Denmark, Finland, Germany, Italy, Portugal, Slovenia, Sweden and the UK) for the

Ronald Bernstein; Reinhard Madlener

2008-01-01

340

A SPATIAL ECONOMETRIC STAR MODEL WITH AN APPLICATION TO U.S. COUNTY ECONOMIC GROWTH, 1969-2003  

Microsoft Academic Search

Spatial regression models incorporating non-stationarity in the regression coefficients are popular. We propose a spatial variant of the Smooth Transition AutoRegressive (STAR) model that is more parsimonious than commonly used approaches and endogenously determines the extent of spatial parameter variation. Uncomplicated estimation and inference procedures are demonstrated using a neoclassical convergence model for United States counties.

Valerien O. Pede; Raymond J. G. M. Florax; Matthew T. Holt

2009-01-01

341

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

E-print Network

under scenarios involving sustained heavy use of fossil fuels. (JEL Q1, Q2, C5) #12;1 Introduction2), produced by the burning of fossil fuels, is suggested by much accumulating evidence. As far back ... stabilization of greenhouse gas concentrations that would prevent dangerous anthropogenic interference

Fisher, Anthony C.

342

Econometric analysis of farm-machinery investment and simulations under alternative energy, price support, and export policies  

Microsoft Academic Search

The historical trends in structure, extent, and intensity of agricultural mechanization are analyzed in this study. The number of tractors, grain combines, corn pickers and picker shellers, pickup balers, and field forage harvesters peaked during the early 1960s. The decline in this numbers after the '60s is brought about mainly by the qualitative changes in those machines. Based on the

Gunjal

1981-01-01

343

Econometric analysis of farm-machinery investment and simulations under alternative energy, price support, and export policies  

SciTech Connect

The historical trends in structure, extent, and intensity of agricultural mechanization are analyzed in this study. The number of tractors, grain combines, corn pickers and picker shellers, pickup balers, and field forage harvesters peaked during the early 1960s. The decline in this numbers after the '60s is brought about mainly by the qualitative changes in those machines. Based on the various investments theories, the alternative models of stock adjustment, expectations, and derived demand type are estimated for tractor and other machinery investments at the national and regional levels using 1950 to 1977 annual data. Investment demand functions for harvesting machinery are estimated at the national level. Statistical tests for structural change in the machinery investments are performed. The demand elasticities with respect to prices, income and other economic variables are calculated. Dynamic multipliers expressing the long-lasting effects of the interest rates, price of fuel and oil, and net farm income are calculated for selected machinery investments. The impact and long-term multipliers are also presented. Finally, a block recursive simulation model of the regional farm-machinery investments is developed. The relevant variables are selected from agriculture, industry, and the economy in general to complete the linkages specified in the model. The regional tractor and other machinery investments and national tractor, harvesting-machinery, other machinery, and all machinery investments are predicted up to 1990. The potential effects of six alternative policies of energy prices, support prices, and agricultural exports on future farm-machinery investments are also analyzed.

Gunjal, K.R.

1981-01-01

344

More Calories or More Diversity? An econometric evaluation of the impact of the PROGRESA and PROCAMPO transfer programmes on food security in rural Mexico  

Microsoft Academic Search

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

Marta Ruiz-Arranz; Benjamin Davis; Marco Stampini; Paul Winters; Sudhanshu Handa

2002-01-01

345

A General Econometric Model of the Determinants of Library Subscription Prices of Scholarly Journals: The Role of Exchange Rate Risk and Other Factors.  

ERIC Educational Resources Information Center

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

Chressanthis, George A.; Chressanthis, June D.

1994-01-01

346

A Non-Econometric Analysis with Algebraic Models to Forecast the Numbers of Newly Hired and Retirement of Public Primary School Teachers in Taiwan  

ERIC Educational Resources Information Center

In recent years, the "street teachers" issue has caused social concern in Taiwan. This study estimates the retirement of and needs for newly hired and public primary school teachers in 2010 using an algebraic model from the paper by Husssar (1999). This recursive methodology predicts the number of newly hired public primary school teachers due to

Lung-Hsing, Kuo; Hung-Jen, Yang; Ying-Wen, Lin; Shang-Ming, Su

2011-01-01

347

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

ERIC Educational Resources Information Center

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

Handa, M. L.

348

Future of Housing in the United States: An Econometric Model and Long-Term Predictions for the 2000 RPA Timber Assessment.  

National Technical Information Service (NTIS)

This paper reports a structural model of the U.S. housing sector that was used to generate the key housing assumptions used in the 2000 Resources Planning Act timber assessment: number of households, improvement expenditure, and square footage of new resi...

C. A. Montgomery

2001-01-01

349

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

NASA Technical Reports Server (NTRS)

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

Thomas, J. M.; Hanagud, S.

1974-01-01

350

Community Pressure and Clean Technology in the Informal Sector: An Econometric Analysis of the Adoption of Propane by Traditional Mexican Brickmakers  

Microsoft Academic Search

In many developing countries the informal sector, comprised of low-technology unlicensed micro-enterprises, is a major source of pollution. Environmental management in this sector is exceptionally challenging. Though clean technologies offer a means of mitigating the problem, to our knowledge there has been no rigorous empirical research on why informal (or even small-scale) firms do and do not adopt them. As

Allen Blackman; Geoffrey J. Bannister

1998-01-01

351

Econometric model of maintenance, utilization, scrapping and capital use in the US electric power industry: implications for the consequences of air quality regulation  

SciTech Connect

This study examines the determinants of capital-use decisions in the US electric power industry in a context that permits variability in the rate at which capital goods are depreciated. A dynamic theoretical model of the capital-use decision of a monopoly firm or industry was used to obtain an empirical model of capital use in which maintenance, utilization, scrapping, the total demand for capital services and the user cost of capital are endogenous. The empirical model was estimated using annual data for the US electric power industry for the period 1946 to 1982 under a variety of assumptions about the dynamic structure of the model. Future expected values for exogenous variables were obtained from simple autoregressive models. The empirical model itself was nonlinear and estimated using SAS three-stage nonlinear procedures. Results indicate that a simultaneous framework for the analysis of capital-use decisions, including scrapping and replacement, is appropriate and that firm decisions about all aspects of capital use are affected by changes in relative prices.

Smith, V.H.

1987-01-01

352

Induced Technological Change in the Stabilisation of Carbon Dioxide Concentrations in the Atmosphere : Scenarios using a a large-scale econometric model  

Microsoft Academic Search

This paper addresses the question of the costs of stabilisation of the concentration of carbon dioxide in the atmosphere. A reduction in the modelled costs of achieving stabilisation is demonstrated when induced technological change (ITC) is taken into account. The approach is based on new concepts in the modelling of ITC and thus introduces new dimensions into the debate surrounding

Terry Barker; Haoran Pan; Jonathan Khler; Rachel Warren; Sarah Winne

353

The Stochastic Formulation of a Modified Cobweb Model.  

National Technical Information Service (NTIS)

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

B. D. Nussbaum, N. D. Singpurwalla

1977-01-01

354

Email: kai.liu@nhh.no Office: +47 55 95 92 75  

E-print Network

, Johns Hopkins University, 2011 (expected) Advisors: Robert Moffitt (primary), Stephen Shore Dissertation Men and Young Women," in progress PROFESSIONAL ACTIVITIES Conference Presentations: 2011: Econometric Society European Meetings (Oslo) 2010: Econometric Society World Congress (Shanghai), Society for Economic

Niebur, Ernst

355

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

Microsoft Academic Search

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

J. David Cummins; Hongmin Zi

1998-01-01

356

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

Microsoft Academic Search

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

M. Poudyal

2005-01-01

357

The effects of technology-as-knowledge on the economic performance of developing countries: An econometric analysis using annual publications data for Botswana, Namibia, and South Africa, 1976-2004  

Microsoft Academic Search

Extant literature indicates that technology, and by implication its underlying knowledge base, determines long-run economic performance. Absent from the literature with respect to developing countries are quantitative assessments of the nexus between technology as knowledge and economic performance. This paper imposes a simple production function on annual pooled observations on Botswana, Namibia, and South Africa over the 1976-2004 period to

Voxi Heinrich Amavilah

2007-01-01

358

Information, Technology, and Information Worker Productivity  

E-print Network

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 ...

Aral, Sinan

359

Xuguang (Simon) Sheng Contact Information  

E-print Network

Mountain Lake, NY) George Washington University American University Wayne State University University) Society of Government Economists Annual Meeting (Washington, DC) New York Camp Econometrics V (Blue

Lansky, Joshua

360

Generalized power method for sparse principal component analysis  

E-print Network

... Research and Econometrics (CORE) and Department of Mathematical Engineering ... sciencemachine learning, image processing, engineering, genetics, ... most applications, however, the original variables have concrete physical...

2008-11-28

361

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

Federal Register 2010, 2011, 2012, 2013

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

2012-05-15

362

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

Federal Register 2010, 2011, 2012, 2013

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

2010-09-22

363

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

Federal Register 2010, 2011, 2012, 2013

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

2013-08-13

364

14.384 Time Series Analysis, Fall 2002  

E-print Network

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 ...

Kuersteiner, Guido M.

365

The objective of the Ph.D. program in Finance at the Darla Moore School of Business is to prepare students for academic  

E-print Network

: Financial institutions, finance, econometrics, industrial organization, microeconomics Yongqiang Chu, management turnover and corporate restructuring), fixed income security valuation Sergey Tsyplakov, Associate

Almor, Amit

366

The Effect of Climate Change, CO2 Fertilization, and Crop Production Technology on Crop Yields and Its Economic Implications on Market Outcomes and Welfare Distribution  

Microsoft Academic Search

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

Witsanu Attavanich; Bruce A. McCarl

2011-01-01

367

REGIONS, TECHNOLOGICAL INTERDEPENDENCE AND GROWTH IN EUROPE  

Microsoft Academic Search

This paper presents a theoretical neoclassical growth model with two kinds of capital, and technological interdependence among regions. Technological interdependence is assumed to operate through spatial externalities caused by disembodied knowledge diffusion between technologically similar regions. The transition from theory to econometrics yields a reduced-form empirical model that in the spatial econometrics literature is known as spatial Durbin model. Technological

Manfred M. Fischer

2009-01-01

368

Foreign Direct Investment and Technology Spillovers in the Turkish Manufacturing Industry  

Microsoft Academic Search

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

Alper Snmez; M. Teoman Pamuku

2011-01-01

369

Journal of Environmental Protection, 2012, 3, 1117-1123 doi:10.4236/jep.2012.329130 Published Online September 2012 (http://www.SciRP.org/journal/jep)  

E-print Network

Econometrics to Measure Ozone Pollution Externalities C.-Y. Cynthia Lin Agricultural and Resource Economics in Lin (2010), in which I use spatial econometrics to analyze air pollution externalities. In Lin (2010 local ozone air quality, although owing to non-monotonicities in ozone production the externality

Lin, C.-Y. Cynthia

370

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

Microsoft Academic Search

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

S. N. Abdullah; X. Zeng

2010-01-01

371

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

Microsoft Academic Search

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

Jonathan Perraton

2003-01-01

372

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

Microsoft Academic Search

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

Ammon J. Salter; Ben R. Martin

2001-01-01

373

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

Microsoft Academic Search

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

D. F. Deadman; D. J. Pyle

1993-01-01

374

CREDIT MARKET ACCESS AND PROFITABILITY IN TUNISIAN AGRICULTURE  

E-print Network

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

Foltz, Jeremy D.

375

Documentation manual projected electric power demands for the Potomac Electric Power Company. Volume 2  

SciTech Connect

Volume II presents detailed documentation for the econometric forecast of peak and electric power demands, including all historical data series used and the source code for computer programs employed in the forecast. Computer files containing data and instructions for the statistical package used to estimate the econometric equations are also included.

Estomin, S.

1984-03-01

376

Misspecification in Linear Spatial Regression Models  

Microsoft Academic Search

Spatial effects are endemic in models based on spatially referenced data. The increased awareness of the relevance of spatial interactions, spatial externalities and networking effects among actors, evoked the area of spatial econometrics. Spatial econometrics focuses on the specification and estimation of regression models explicitly incorporating such spatial effects. The multidimensionality of spatial effects calls for misspecification tests and estimators

Raymond J. G. M. Florax; Peter Nijkamp

2003-01-01

377

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

Microsoft Academic Search

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

David Williams

2001-01-01

378

Animal models  

Microsoft Academic Search

Time Series Analysis looks at the properties of time series from a purely statistical point of view. No attempt is made to relate variables using a priori economic theory (c.f. econometrics). Why use time series methods? 1) Short term forecasting. Time series models may well forecast better than econometric models over the short term. One would expect that they would

Hartmut Wekerle; Kimikazu Kojima; Joseli Lannes-Vieira; Hans Lassmann; Christopher Linington

1983-01-01

379

Econometrica, Vol. 82, No. 1 (January, 2014), 139 EXPECTED UNCERTAIN UTILITY THEORY  

E-print Network

as the Fisher­Schultz Lecture at the 2009 Econometric Society Eu- ropean Meetings in Barcelona. This research The Econometric Society DOI: 10.3982/ECTA9188 #12;2 F. GUL AND W. PESENDORFER EUU theory is closely tied to Savage is flexible enough to accommodate Ellsberg-style and Allais-style evidence. The former identifies behavior

380

A Simple Model of the Private Gold Market, 1968-74: An Exploratory Econometric Exercise (Un modèle simple du marché privé de l'or, 1968-74: exercice économétrique exploratoire) (Un modelo sencillo del mercado privado del oro (1968-74): Ejercicio econométrico exploratorio)  

Microsoft Academic Search

This paper is concerned with the specification and estimation of a model of the world gold market. Two approaches to an understanding of the gold market are common. The first approach is to regard it as an ordinary flow market in which gold is traded for its intrinsic commodity value and buyers use the gold as an input in the

Leslie Lipschitz; Ichiro Otani

1977-01-01

381

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 / econometrics to work on machine learning problems a  

E-print Network

technology. We are looking for someone comfortable at the intersection of computer science and statistics York, NY 10010 Facebook // Twitter // LinkedIn // Blog Data Marketing Solutions for Online Advertising

382

Analysis of the validity of the coefficient estimates and forecasting properties of the RDFOR (Regional Demand FORcasting) models: A summary report: Validation report  

SciTech Connect

The Regional Demand FORcasting model (RDFOR) is a simple econometric model currently used by the DOE within the Midterm Energy Forecasting System. Econometric models are often used to provide baseline forecasts of near- to mid-term economic behavior. From the point of view of the policymaker, it is desirable to ascertain as objectively as possible the degree to which these econometric forecasts can be trusted. This paper illustrates, within the context of the industrial and residential sectors of RDFOR, a number of diagnostic tools of general interest which are useful in assessing model reliability.

Kuh, E.; Lahiri, S.; Minkoff, A.; Swartz, S.; Welsch, R.

1982-11-01

383

Forecasting and Risk Simulation: Proposed Analytical Tool  

E-print Network

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

Datta, Shoumen

2008-08-01

384

Graduate School of International Cooperation Studies Curriculum Policy  

E-print Network

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

Banbara, Mutsunori

385

14.33 Economics Research and Communication, Spring 2002  

E-print Network

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

Ellison, Sara Fisher

386

Effect of Fiscal Austerity on African Food Imports.  

National Technical Information Service (NTIS)

Export earnings and credit are the key economic factors that will affect African countries' ability to import food, according to this econometric analysis. Projections for 1994 indicate that the region's low-income countries would suffer the most from any...

S. Shapouri, S. Rosen

1987-01-01

387

Category 1: World's best journals Journal of Banking and Finance  

E-print Network

Category 1: World's best journals Journal of Banking and Finance Journal of Finance Journal: Leading specialist journals Financial Analysts Journal Financial Management Journal of Business Finance and Accounting Journal of Empirical Finance Journal of Financial Econometrics Journal of Financial Education

Zhang, Zhengjun

388

On Bootstrapping Two-Stage Least-Squares Estimates in Stationary Linear Models  

Microsoft Academic Search

For models similar to those used in econometric work, under suitable regularity conditions, the bootstrap is shown to give asymptotically valid approximations to the distribution of errors in coefficient estimates.

David A. Freedman

1984-01-01

389

Stress Testing Projected Capitalized Farmland Values  

E-print Network

This study initially presents historical trends in both the capitalized value and market value of farmland in the eight states comprising the Corn Belt and Lake States production regions as defined by the USDA. An econometric analysis of annual real...

Gao, Bo 1988-

2012-11-12

390

LOAD FORECASTING Eugene A. Feinberg  

E-print Network

- sions lead to the improvement of network reliability and to the reduced occurrences of equipment, neural networks, fuzzy logic, and expert systems. Two of the methods, so-called end-use and econometric

Feinberg, Eugene A.

391

The Dual Spatial Autoregressive Probit Model with an Application to the 2001 Congressional Farm Bill  

Microsoft Academic Search

Political economy models of congressional voting usually rely on standard econometric techniques, such as the probit or logit models. These techniques ignore any spatial externality in voting outcomes that may be geographically correlated across space, a phenomenon

Donald J. Lacombe; Garth J. Holloway; Timothy M. Shaughnessy

2009-01-01

392

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

E-print Network

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

Frandsen, Brigham R

2010-01-01

393

DISCUSSANT'S COMMENTS FOR AMERICAN AGRICULTURAL ECONOMICS ASSOCIATION ANNUAL MEETING, SELECTED PAPERS SESSION SP4Y: \\  

Microsoft Academic Search

Techniques for measuring amenity and nonuse values are presented using advances in spatial econometrics and hedonic models. The session also explores the efficiency of block-rate pricing and the appropriateness of \\

Daniel J. Phaneuf

1998-01-01

394

Forecasted electric power demands for the Delmarva Power and Light Company. Volume 1 and Volume 2. Documentation manual  

SciTech Connect

The two-volume report presents the results of an econometric forecast of peak load and electric power demands for the Delmarva Power and Light Company (DP L) through the year 2008. Separate sets of models were estimated for the three jurisdictions served by DP L: Delaware, Maryland and Virginia. For both Delaware and Maryland, econometric equations were estimated for residential, commercial, industrial, and streetlighting sales. For Virginia, equations were estimated for residential, commercial plus industrial, and streetlighting sales; separate industrial and commercial equations were not estimated for Virginia due to the relatively small size of DP L's Virginia Industrial load. Wholesale sales were econometrically estimated for the DP L system as a whole. In addition to the energy sales models, an econometric model of annual (summer) peak demand was estimated for the Company.

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

1990-10-01

395

Global Environment Facility Evaluation Office  

E-print Network

Global Environment Facility Evaluation Office PROTECTED AREAS AND AVOIDED DEFORESTATION #12;Protected Areas and Avoided Deforestation: An Econometric Evaluation - i - TABLE OF CONTENTS 1................................................................................4 3.3 ESTIMATED EFFECTS OF PROTECTED AREAS ON DEFORESTATION

Pfaff, Alex

396

survey of trust-region derivative free optimization methods  

E-print Network

results from some physical, chemical or econometrical experiment or ..... Applications of numerical optimization techniques for fluid flow problems are found .... Computer Methods in Applied Mechanics and Engineering, 190 (2001), 5297...

2007-06-14

397

Professor Hedibert Lopes 1 The University of Chicago Booth School of Business  

E-print Network

- Time: 2:00 pm Levin 130 - New Brunswick Campus 1 Washington Park #1123 - Newark Campus (Videoconference interested in the implementation of the Bayesian paradigm to solve real large-scale problems in Econometrics

Lin, Xiaodong

398

MURDAM1.0. Minority Utility Rate Design Assessment Model  

SciTech Connect

Econometric model simulates consumer demand response to various user-supplied, two-part tariff electricity rate designs and assesses their economic welfare impact on black, hispanic, poor and majority households.

Poyer, D.A.; Butler, J.G. [Argonne National Lab., IL (United States)

1993-01-20

399

SBA Field Studies: Business in Mexico Spring 2010  

E-print Network

constitute the Tec de Monterrey Educational System. Besides the main campus in Monterrey there are 32 (Applied and Theory), Game Theory, and Econometrics. In addition, he has taught at some universities

400

Essays on social networks in development economics  

E-print Network

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

Chandrasekhar, Arun Gautham

2012-01-01

401

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

E-print Network

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

Levy, Frank, 1941-

402

Financing smallholder agribusiness in Zambia: an economic analysis of the ZATAC model  

E-print Network

by the lender and how these have been adapted to suit seasonal agricultural production credit requirements. Econometric models are developed to examine the influence of key economic factors such as nominal and real interest rates, loan fees, and loan term...

Mwanamambo, Brian Namushi

2009-05-15

403

On Correlation and Causation David A. Bessler  

E-print Network

discourse -- correlation and causation. · Every Econometrics, Statistics, Biometrics, or Psychometrics, such as maximizing behavior. 1 It is our position that such a priori notions assume the problem away. When one writes

McCarl, Bruce A.

404

14.30 Introduction to Statistical Method in Economics, Spring 2003  

E-print Network

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

Ellison, Sara Fisher

405

14.384 Time Series Analysis, Fall 2007  

E-print Network

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

Mikusheva, Anna, 1976-

406

14.384 Time Series Analysis, Fall 2008  

E-print Network

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

Schrimpf, Paul

407

This article was downloaded by: [University of Minnesota -Morris] On: 13 April 2013, At: 13:59  

E-print Network

research on histone genes, and the other from developmental research on attention deficit hyperactivity disorder. Keywords: asymmetric copula; directional dependence; regression function 1. Introduction Copula in many fields of application such as biostatistics, medical research, econometrics, finance, actu

Kim, Jong-Min

408

School of Manage-Economics 92%Graduate Employment  

E-print Network

and who wish to develop an in-depth understanding of economics policy and practice. Students pursue compulsory modules in Macroeconomics, mircoeconomics, econometrics, economic policy and economic analysis, including development economics, managerial economics, industrial economics, environmental and resource

Harman, Neal.A.

409

This is the pre-peer reviewed version of the article accepted for publication in The World Economy  

E-print Network

. Indeed, the empirical literature on exchange-rates has suffered a long-lasting depression since the celebrated paper by Meese and Rogoff (1983) showing that no macro-econometric model is able to outperform

Boyer, Edmond

410

The residential demand for electricity in New England,  

E-print Network

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

Levy, Paul F.

1973-01-01

411

The organization and management of nuclear power plants  

E-print Network

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

Carroll, John S.

1990-01-01

412

Registration required Online registrations at http://agenorpl.eventbrite.com  

E-print Network

to the impact of infrastructure on growth, education, health, innovation, and its implications for poverty traps of poverty reduction. He holds a PhD in Mathematical Economics and Econometrics from the University of Paris

413

Second home real estate market : economic analysis of residential pricing behavior near Heavenly Ski Resort, CA  

E-print Network

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, ...

Lee, Sean, S.M. Massachusetts Institute of Technology

2008-01-01

414

Research on the Rationality of China Telecom Price Cap Regulation  

NASA Astrophysics Data System (ADS)

Through econometric model, this paper analyzed empirically the data of China telecom output in 1990-2009, studying the rationality of the price regulation on the development of China telecom. During the research, this paper paid more attention to the specific issues and made conclusions by the econometric analysis and testing. It is concluded that price-capping regulation is an effective measure to promote China telecom industry development, while the effect of relax into control is not significant.

Wang, Ye; Miao, Yuchen

415

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

SciTech Connect

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

Estomin, S.L.; Schauer, M.

1985-09-01

416

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

SciTech Connect

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

Walls, M.A.

1990-01-01

417

Indexing Government Programs for Changes in the Cost of Living  

Microsoft Academic Search

This article presents social cost-of-living indexes constructed from an econometric model of aggregate consumer behavior. The econometric price index has the same average inflation rate as a Tornqvist price index over the period 19471995 but rises less rapidly after 1973. Group cost-of-living indexes are presented for white and nonwhite, male- and female-headed, and elderly and nonelderly households. Elderly households have

Dale W. Jorgenson; Daniel T. Slesnick

1999-01-01

418

Re-examining the saving-investment nexus: threshold cointegration and causality evidence from the ECOWAS  

Microsoft Academic Search

The aim of this paper is to re-examine the relationship between saving and investment in the case of ECOWAS countries. We\\u000a then employ the Gregory and Hansen (J Econometr 70:99126, 1996a; Oxford Bull Econ Stat 58:555560, 1996b) threshold cointegration tests and the Toda and Yamamoto (J Econometr 66:225250, 1995) causality procedure. Threshold cointegration approach allows estimating changes in the saving-retention

Loesse Jacques Esso

419

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.

420

Teaching Economics as a Science: the 1930 Yale Lectures of Ragnar Frisch  

Microsoft Academic Search

This paper is prepared for the forthcoming publication of Frischs 1930 Yale lecture notes, A Dynamic Approach to Economic Theory: The Yale Lectures of Ragnar Frisch (details at: http:\\/\\/www.routledgeeconomics.com\\/books\\/A-Dynamic-Approach-to-Economic-Theory-isbn9780415564090). As the lecture series was given just as the Econometric Society was founded in 1930. We provide as background, a blow-by-blow story of how the Econometric Society got founded with emphasis

Olav Bjerkholt; Duo Qin

2010-01-01

421

Teaching Economics As a Science: The 1930 Yale Lectures of Ragnar Frisch  

Microsoft Academic Search

This paper is prepared for the forthcoming publication of Frisch's 1930 Yale lecture notes, A Dynamic Approach to Economic Theory: The Yale Lectures of Ragnar Frisch (details at: http:\\/\\/www.routledgeeconomics.com\\/books\\/A-Dynamic-Approach-to-Economic-Theory-isbn9780415564090). As the lecture series was given just as the Econometric Society was founded in 1930. We provide as background, a blow-by-blow story of how the Econometric Society got founded with emphasis

Olav Bjerkholt; Duo Qin

2010-01-01

422

Nonparametric approach to production analysis: a case study on a regulated electric utility  

SciTech Connect

An econometric analysis of production data generally involves the estimation of a system of parametric input demands. The validity of the econometric results clearly depends on whether the data could have been generated by the parametrized theoretical model. Some independent tests of model-data consistency are obviously desirable. This thesis proposes the econometric approach and the nonparametric approach to test model-data consistency. The econometric approach relies on statistical tests of linear restrictions on the parameters of a short-run cost function. It is computationally burdensome and the test results are sensitive to parametrization. The nonparametric approach involves algebraic comparisons of an observation to every feasible alternative in the data sample. This approach does not consider random errors in the data. Thus, the nonparametric approach is more computationally efficient and more general than the econometric method. The major disadvantage of the nonparametric approach is it is deterministic. The author proposes eleven data samples for empirical implementation of the nonparametric tests. This exercise shows how useful information can be obtained from the data without committing a lot of time and effort in parametrization and estimation. The first eight samples are annual observations on four California baseload electric-power plants. The remaining three samples come directly from a cost study on electricity generation. The nonparametric test results suggest that a regulated electric utility minimizes the total cost of production.

Woo, C.K.

1982-01-01

423

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

SciTech Connect

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

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

1991-05-01

424

The impact of regional energy-price differentials on manufacturing employment in the United States  

SciTech Connect

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.

Dye, R.A.

1988-01-01

425

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

SciTech Connect

The report presents the results of an econometric forecast of peak and electric power demands for the Baltimore Gas and Electric Company (BGandE) through the year 2003. The report describes the methodology, the results of the econometric estimations and associated summary statistics, the forecast assumptions, and the calculated forecasts of energy usage and peak demand. Separate models were estimated for summer and winter residential electricity usage in both Baltimore city and the non-city portion of the BGandE service area. Equations were also estimated for commercial energy usage, industrial usage, streetlighting, and for losses plus Company use. Non-econometric techniques were used to estimate future energy use by Bethlehem Steel Corporation's Sparrows Point plant in Baltimore County, Conrail, and the Baltimore Mass Transit Administration underground rail system. Models of peak demand for summer and winter were also estimated.

Estomin, S.L.; Kahal, M.I.

1985-09-01

426

Tax reform and air conditioners  

SciTech Connect

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

Spiewak, S.

1986-09-01

427

Role of energy in productivity growth. Final report  

SciTech Connect

The objective of this paper is to analyze the role of energy in the growth of productivity. For this purpose we develop and implement a new econometric model of productivity growth. We have estimated the unknown parameters of this model from data for thirty-five individual industries of the United States for the period 1958 to 1979. Our econometric model determines the growth of sectoral productivity as a function of the relative prices of sectoral inputs. To capture the impact of electrification we have divided inputs for each sector among capital, labor, electricity, nonelectrical energy, and materials inputs.

Jorgenson, D.W.

1984-05-01

428

Representing new technologies in IFFS (Intermediate Future Forecasting System): Extensions to the year 2010: Final report  

SciTech Connect

The Intermediate Future Forecasting System (IFFS) does not explicitly represent technologies, except in the Electric Market Module. Therefore, this paper includes a review of the potential for direct or indirect inclusion of new technologies in IFFS which may penetrate the energy market in the 1986 to 2010 time frame. The econometric representation of technologies in IFFS requires an adjustment to the time trend parameter and prices demanded of the conventional fuels. Since new technologies, by definition, have no history, conventional methods for inclusion of new technologies into an econometric framework are difficult at best. Highlights are given for some of the new technologies.

Kydes, A.S.; Meyer, M.

1986-08-01

430

Threshold Values in German Labor Law and Job Dynamics in Small Firms: The Case of the Disability Law  

Microsoft Academic Search

According to the German disability law, or Schwerbehindertengesetz, either six percent of all jobs in an establishment must be occupied by disabled empoyees or the firm has to pay a penalty of DM 200 per month for every job under consideration. This note reports results from the first econometric investigation of the impact of this rule on job dynamics in

Joachim Wagner; Claus Schnabel; Arnd Klling

2001-01-01

431

Spatial Competition in Retail Markets: Movie Theaters  

Microsoft Academic Search

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

Peter Davis

2000-01-01

432

Nonparametric analysis for risk management and market microstructure  

Microsoft Academic Search

This research develops and applies nonparametric estimation tools in two sectors of interest of financial econometrics: risk management and market microstructure. In the first part we address the problem of estimating conditional quantiles in financial and economic time series. Research in this field received great impulse since quantile based risk measures such as Value at Risk (VaR) have become essential

Antonio Cosma

2004-01-01

433

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

Microsoft Academic Search

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

John B. Penson Jr.

1977-01-01

434

Effects of land use change on soil carbon cycling in the conterminous United States from 1900 to 2050  

Microsoft Academic Search

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

Peter B. Woodbury; Linda S. Heath; James E. Smith

2007-01-01

435

Temporal dynamics and spatial scales: Modeling deforestation in the southern Yucatn peninsular region  

Microsoft Academic Search

Two spatially explicit econometric land use change models are presented, focusing on tropical deforestation caused by agricultural expansion in the southern Yucatn peninsula, Mexico. The two models developed are both based on conceptually similar theoretical models of farmer behavior. However, there are different empirical specifications of this theoretical model according to the scale of the analysis as well as the

Jacqueline Geoghegan; Laura Schneider; Colin Vance

2004-01-01

436

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

NASA Technical Reports Server (NTRS)

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

Ausrotas, R. A.

1981-01-01

437

Key Management Challenges in Smart Grid  

SciTech Connect

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

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

2012-01-01

438

Any Peer Competitors Out There. An Economic Perspective to the Growth of Potential Peer Competitors.  

National Technical Information Service (NTIS)

This paper attempts to determine whether or not a peer competitor nation will arise within the next 25 years by examining a nation's potential for economic growth. An econometric model is used to assist in the formulation of this forecast. This model deve...

G. Sanders

1997-01-01

439

Smoking-attributable medical care costs in the USA  

Microsoft Academic Search

Medical care costs attributable to cigarette smoking are estimated using an econometric model of annual individual expenditures for four types of medical services: ambulatory, hospital, prescription drug, and other (which includes home health and durable medical equipment and excludes dental and mental health). The model follows the two-part specification of Duan et al. (1983). Estimation is carried out using the

Vincent P. Miller; Carla Ernst; Franois Collin

1999-01-01

440

Regional demand forecasting and simulation model: user's manual. Task 4, final report  

Microsoft Academic Search

The Department of Energy's Regional Demand Forecasting Model (RDFOR) is an econometric and simulation system designed to estimate annual fuel-sector-region specific consumption of energy for the US. Its purposes are to (1) provide the demand side of the Project Independence Evaluation System (PIES), (2) enhance our empirical insights into the structure of US energy demand, and (3) assist policymakers in

Parhizgari

1978-01-01

441

DYNAMIC SUPPLY RESPONSE AND AGRICULTURAL INVESTMENT: DISCUSSION  

Microsoft Academic Search

One might liken academic economic research to nouveau cuisine, in which success is mea- sured more in terms of exotic sounding recipes than in good tasting food. In the spirit of the nouveau cuisine that is dynamic economics, these three papers offer us recipes with all the right ingredients: linear-quadratic and more general stochastic control; dynamic duality; econometrics and time-series

John M. Antle

1984-01-01

442

Distribution-free tests of stochastic dominance for small samples  

Microsoft Academic Search

One variable is said to stochastically dominate another if the probability of observations smaller than x is greater for one variable than the other, for all x. Inferring stochastic dominance from data samples is important for many applications of econometrics and experimental psychology, but little is known about the performance of existing inferential methods. Through simulation, we show that three

Andrew Heathcote; Scott Brown; E.-J. Wagenmakers; Ami Eidels

2010-01-01

443

Marijuana and Related Drug Consumption in Australia - Some Microeconometrics Evidence  

Microsoft Academic Search

This paper presents some econometric analysis on Australian individuals' consumption of marijuana and related drugs using unit record data from the National Drug Strategy Household Survey. We investigate the effects of individual socioeconomic and demographic factors and drug prices on participation probability and levels of marijuana consumption. We use multivariate probit models to study the relationship of marijuana participation with

Xueyan Zhao

2007-01-01

444

Sources of Biological Innovation for Agriculture: the Roles of Public and Private Research Institutions in Generating Technological Trajectories  

Microsoft Academic Search

This paper introduces a comprehensive data set of patents issued in the U.S. between 1975 and 1998 in the biological sciences applied to plant agriculture. Novel sampling techniques are employed along with a multinomial econometric model to analyze the differences in patenting across the R&D sectors of the economy. Hypotheses are presented that universities and public institutions specialize in basic

Gregory D. Graff

445

ON THE IMPOSSIBILITY OF INFERRING CAUSATION FROM ASSOCIATION WITHOUT BACKGROUND KNOWLEDGE  

E-print Network

. Robins Departments of Epidemiology and Biostatistics, Harvard School of Public Health and Larry Wasserman, there exist methods for identifying causal relationships which are asymptotically (in sample size) correct are faithful to the causal graph. We argue that, in observational epidemiologic, econometric, and social

446

Simulated likelihood estimation of diffusions with an application to exchange rate dynamics in incomplete markets  

Microsoft Academic Search

We present an econometric method for estimating the parameters of a diffusion model from discretely sampled data. The estimator is transparent, adaptive, and inherits the asymptotic properties of the generally unattainable maximum likelihood estimator. We use this method to estimate a new continuous-time model of the joint dynamics of interest rates in two countries and the exchange rate between the

Michael W. Brandt; Pedro Santa-Clara

2002-01-01

447

Moscow School of Economics MSU Lomonosov University  

E-print Network

econometrics in the form of fairly detailed analysis of the solutions of a number of real socio - economic ANALYSIS AND QUALITY LIFESTYLE POPULATION Program author and lecturer Dr. Professor Sergei A. Aivazyan Moscow, 2013 1 #12;This program of an academic discipline "Analysis of the quality and way of life

Kaplan, Alexander

448

Making a Miracle  

Microsoft Academic Search

This lecture surveys recent models of growth and trade in search of descriptions of technologies that are consistent with episodes of very rapid income growth. Emphasis is placed on the on-the-job accumulation of human capital: learning by doing. Possib le connections between learning rates and international trade are discussed Copyright 1993 by The Econometric Society.

Robert E Lucas Jr

1993-01-01

449

A Tutorial on Particle Filtering and Smoothing: Fifteen years later  

E-print Network

A Tutorial on Particle Filtering and Smoothing: Fifteen years later Arnaud Doucet The Institute vision, econometrics, robotics and navigation. The objective of this tutorial is to provide a complete described by this tutorial are a broad and popular class of Monte Carlo algorithms which have been developed

Johansen, Adam

450

The Economic Impact of the Louisiana State University System on the Louisiana State Economy. AIR Forum 1980 Paper.  

ERIC Educational Resources Information Center

An econometric model was developed for use in measuring the impact of the Louisiana State University (LSU) upon the Louisiana economy. Emphasis is placed on measuring the effects of enrollment changes, salary and wage expenditures, and campus construction activity. The results show that, overall, each dollar spent by the LSU System creates another

Engler, Sheldon D.; And Others

451

Factors of the Earning Functions and Their Influence on the Intellectual Capital of an Organization  

ERIC Educational Resources Information Center

This paper tries to consider some earning function as "start point" for the construction of indicators for intellectual capital measure. The analyze combines concepts from Mincer's and Becker theories and intellectual capital definitions currently in use. The correlation, significance and relation between elements are shown using three econometric

Ileanu, Bogdan Vasile; Tanasoiu, Ovidiu Emil

2008-01-01

452

Pedagogy and the PC: Trends in the AIS Curriculum  

ERIC Educational Resources Information Center

The author investigated the array of course topics in accounting information systems (AIS), as course syllabi embody. The author (a) used exploratory data analysis to determine the topics that AIS courses most frequently offered and (b) used descriptive statistics and econometric analysis to trace the diversity of course topics through time,

Badua, Frank

2008-01-01

453

The Impact of Price, Availability, and Alcohol Control Policies on Binge Drinking in College  

Microsoft Academic Search

The effects of beer prices, alcohol availability, and policies related to driving under the influence of alcohol on drinking and binge drinking among youths and young adults are estimated using data from a nationally representative survey of students in U.S. colleges and universities. Drinking participation, participation in binge drinking and level of drinking equations are estimated using appropriate econometric methods.

Frank J. Chaloupka; Henry Wechsler

1995-01-01

454

Campaign News and Vote Intentions  

Microsoft Academic Search

This paper explores the relationship between campaign news and vote intentions, drawing on manual content analyses from the 2004 and 2006 Canadian federal elections. The content analysis is designed to capture, among other items, the tone of coverage for parties and leaders. Combining time series of tone and commercial polling results, econometric methods are then used to build a model

Stuart Soroka; Marc Andr Bodet; Lori Young; Blake Andrew

2009-01-01

455

Gender Impacts of U.S. Immigration Policies  

Microsoft Academic Search

Using Mexican survey data, a dynamic econometric model is estimated to test the effect of IRCA, NAFTA and border control expenditures on the flow of female and male migrant farm and non-farm labor from rural Mexico to the United States. We test for differential effects on male and female migration.

Susan M. Richter; J. Edward Taylor; Antonio Yunez-Naude

2005-01-01

456

http://www.jstor.org The Simplex Method for Quadratic Programming  

E-print Network

http://www.jstor.org The Simplex Method for Quadratic Programming Author(s): Philip Wolfe Source: Econometrica, Vol. 27, No. 3, (Jul., 1959), pp. 382-398 Published by: The Econometric Society Stable URL: http://www.jstor.org/stable/1909468 Accessed: 22/07/2008 04:45 Your use of the JSTOR archive indicates your acceptance of JSTOR

Recht, Ben

457

Learning Goals for the EEP Major August 6, 2009  

E-print Network

will learn econometric and simulation based approaches to estimating the impacts of climate change with an excellent education in applied economics, with a particular expertise in one of three elds: environmental eco- nomics and policy; development economics, or agricultural economics. 2. Prepare students

Wildermuth, Mary C

458

DETERMINING THE NUMBER OFF ACTORS IN APPROXIMATE FACTOR MODELS  

Microsoft Academic Search

In this paper we develop some econometric theory for factor models of large dimen- sions. The focus is the determination of the number of factorsr? , which is an unresolved issue in the rapidly growing literature on multifactor models. We first establish the con- vergence rate for the factor estimates that will allow for consistent estimation of r .W e

Jushan Bai; Serena Ng

2002-01-01

459

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

NASA Technical Reports Server (NTRS)

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

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

1979-01-01

460

Landscape change in the Calakmul Biosphere Reserve, Mexico: Modeling the driving forces of smallholder deforestation in land parcels  

Microsoft Academic Search

This article uses remote sensing and spatial modeling to quantify and analyze land change in Mexico's largest protected area, the Calakmul Biosphere Reserve. Change trajectories are identified within distinct property regimes and between the Reserve's core and buffer zones. A parcel-level spatial econometric model identifies the driving forces of land use change in two communities located along the eastern edge

Rinku Roy Chowdhury

461

Untalented but Successful  

Microsoft Academic Search

When studying the problem of the emergence of superstars, scholars face great difficulties in measuring talent, obtaining confidential data on earnings, and finding econometric techniques that lead to results that are robust to the presence of outliers (superstars). In this paper we use an original dataset from the Pokemon trading card game in which (i) there is no unidentifiable heterogeneity

Olivier Gergaud; Vincenzo Verardi

2006-01-01

462

Untalented but successful  

Microsoft Academic Search

When studying the problem of the emergence of superstars, scholars face great difficulties in measuring talent, obtaining confidential data on earnings, and finding econometric techniques that lead to results that are robust to the presence of outliers (superstars). In this paper we use an original dataset from the Pokemon trading card game in which (i) there is no unidentifiable heterogeneity

Olivier Gergaud; Vincenzo Verardi

2006-01-01

463

Operations Research Time Line 1665 Newton's Method for Finding a Minimum Solution of a Function, I. Newton  

E-print Network

Probability Theory and Its Engineering Uses, T. C. Fry 1930 Econometric Society founded 1931 Quality Control Evaluation Group (OEG) 1950 Military Gaming 1950 An Introduction to Probability Theory and Its ApplicationsOperations Research Time Line 1665 Newton's Method for Finding a Minimum Solution of a Function, I

Gomes, Carla P.

464

Predisposition Factors of Career and Technical Education Transfer Students: A Hermeneutic Phenomenology Study  

ERIC Educational Resources Information Center

Various econometric, sociological, and combined research models (e.g., Hossler and Gallagher's preeminent Three-Phase Model on College Choice) provide help in understanding high school students in their decision-making stages and college experience. Many studies that utilize these models on college choice strongly substantiate and perpetuate the

Hioki, Warren Glen

2009-01-01

465

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

ERIC Educational Resources Information Center

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

Tsamadias, Constantinos; Prontzas, Panagiotis

2012-01-01

466

The Dynamics of the Russian Lifestyle During Transition: Changes in Food, Alcohol and Cigarette Consumption  

Microsoft Academic Search

This paper presents evidence on the impact of individual as well as regional characteristics on changes in fat, protein, alcohol and cigarette consumption, and on diet’s diversity between 1994 and 2004. The results from a dynamic econometric model suggest that among individual determinants such as initial levels of consumption, gender, education, household income changes, and access to a garden plot

Thomas Herzfeld; Sonya K. Huffman; Marian Rizov; M. I. Rizov

2009-01-01

467

The dynamics of the Russian lifestyle during transition: Changes in food, alcohol and cigarette consumption. ISU Economics Working Papers 09019  

Microsoft Academic Search

This paper presents evidence on the impact of individual as well as regional characteristics on changes in fat, protein, alcohol and cigarette consumption, and on diets diversity between 1994 and 2004. The results from a dynamic econometric model suggest that among individual determinants such as initial levels of consumption, gender, education, household income changes, and access to a garden plot

T. Herzfeld; S. K. Huffman; M. Rizov

2011-01-01

468

Value of Weather Information in Cranberry Marketing Decisions.  

NASA Astrophysics Data System (ADS)

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

Morzuch, Bernard J.; Willis, Cleve E.

1982-04-01

469

TESTING FOR THE EXISTENCE OF DISTRIBUTION EFFECTS IN THE AGGREGATE CONSUMPTION FUNCTION  

Microsoft Academic Search

This thesis addresses a long-standing puzzle in empirical econometrics: Does the size distribution of income matter in the aggregate consumption function? Current opinion on whether distribution matters is divided. There is also a lack of consensus (among those who believe distribution effects exist) on the nature of such effects; that is, whether a decrease or an increase in income inequality

Sayyid Tahir

1981-01-01

470

Model of commercial energy use based on microeconomic data  

SciTech Connect

An econometric forecasting model was developed. This model estimates floorspace area and demand for natural gas, electricity and fuel oil for six building categories in four census regions. Endogenous forecasts of real disposable personal income, population and real fuel prices drive the commercial model forecasts and are provided by EIA's Intermediate Future Forecasting System.

Wade, S.H.

1983-01-01

471

CURRICULUM VITAE Paul W. Wilson  

E-print Network

of the US hospital industry, including differences across for-profit, non-profit, and government ownership · B.A., Economics, May 1980, Rice University, Houston, Texas RESEARCH AREAS: · Econometrics · Empirical Microeconomics (including banking, health, transportation, and urban eco- nomics) CURRENT RESEARCH

Duchowski, Andrew T.

472

Executive Biography David McAdams  

E-print Network

has been published in the leading journals of economics, including Econometrica, American Economic Review, Review of Economic Studies, Journal of Political Economy, Journal of Economic Theory, and Journal of Econometrics. Currently, he is an associate editor of Journal of Economic Literature, International Journal

Reif, John H.

473

University of Newcastle upon Tyne Synthesis of Elementary Net Systems with Context Arcs and Localities  

E-print Network

. In 1984 she joined the Department of Operational Research, Institute of Econometrics in the Warsaw with context (inhibitor and activator) arcs and explicit event localities. Since co-located events are meant. Since co-located events are meant to be executed synchronously, the behaviour of such systems

Newcastle upon Tyne, University of

474

Bureau of Labor Statistics Employment Projections: Detailed Analysis of Selected Occupations and Industries. Report to the Honorable Berkley Bedell, United States House of Representatives.  

ERIC Educational Resources Information Center

To compile its projections of future employment levels, the Bureau of Labor Statistics (BLS) combines the following five interlinked models in a six-step process: a labor force model, an econometric model of the U.S. economy, an industry activity model, an industry labor demand model, and an occupational labor demand model. The BLS was asked to

General Accounting Office, Washington, DC.

475

Small Noise Methods for Risk-Sensitive/Robust Economies$ Evan W. Anderson,a, Lars Peter Hansenb, Thomas J. Sargentc  

E-print Network

as amounts that compensate a consumer for accepting risk. These measures become arbitrar- ily accurate when at the Society of Computational Economics conference on Computing in Economics and Finance and 2007 Winter Meetings of the Econometric Society for helpful comments. Corresponding author. Address: Northern Illinois

Hansen, Lars Peter

476

Forecasting tourism demand: A review of empirical research  

Microsoft Academic Search

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

Stephen F. Witt; Christine A. Witt

1995-01-01

477

LEAD-LAG RELATIONSHIPS BETWEEN PORK PRICES AT THE RETAIL, WHOLESALE, AND FARM LEVELS  

Microsoft Academic Search

Knowledge of the lead-lag relationships a wholesale price change. However, the regres- among the retail, wholesale, and farm level sion from which this conclusion was drawn had prices of a livestock commodity is of obvious serially correlated residuals. importance both in econometric model building With respect to the wholesale-farm relation- and in evaluation of packers' and retailers' ship, the conclusion

Stephen E. Miller

1980-01-01

478

An Evaluation of Public-Sector-Sponsored Continuous Vocational Training Programs in East Germany  

Microsoft Academic Search

This study analyzes the effects of publicly funded continuous vocational training and retraining programs in the former East Germany after unification with West Germany in 1990. It presents econometric estimates of the average gains from training in terms of employment probabilities, earnings, and career prospects after the completion of training using a matching approach. The data are from the German

Michael Lechner

2000-01-01

479

Water right transactions: Market values and price dispersion  

Microsoft Academic Search

The growing interest in water market transactions among policymakers and water users has created a need for understanding market price behavior and the heterogeneous nature of water rights. This article analyzes characteristics of markets, water rights, and water transactions to identify attributes which affect market values and price dispersion within regional markets. Based on econometric analysis of market data, water

Bonnie G. Colby; Kristine Crandall; David B. Bush

1993-01-01

480

Schools and labor market outcomes  

Microsoft Academic Search

This paper reports on an econometric analysis of the relationship between individual school characteristics and the earnings of students who enter the labor force directly from high school, using High School and Beyond data. We conclude that which high school a student goes to makes a difference in annual earnings, but that most of the specific characteristics that account for

David L. Crawford; Amy W. Johnson; Anita A. Summers

1997-01-01

481

What a Difference Immigration Law Makes: PISA results, migration background, socioeconomic status and social mobility in Europe and traditional countries of immigration  

Microsoft Academic Search

The purpose of this article is to evaluate the importance of social class, migration background and command of national languages for the PISA school performance of teenagers living in European countries (France, Finland, Germany, United Kingdom, and Sweden) and traditional countries of immigration (Australia, Canada, New Zealand and the US). Econometric results show that the influence of the socioeconomic background

Horst Entorf; Nicoleta Minoiu

2004-01-01

482

What a Difference Immigration Law Makes: PISA Results, Migration Background and Social Mobility in Europe and Traditional Countries of Immigration  

Microsoft Academic Search

The purpose of this article is to evaluate the importance of social class, migration background and command of national languages for the PISA school performance of teenagers living in European countries (France, Finland, Germany, United Kingdom, and Sweden) and traditional countries of immigration (Australia, Canada, New Zealand and the US). Econometric results show that the influence of the socioeconomic background

Nicoleta Minoiu; Horst Entorf

2004-01-01

483

What a Difference Immigration Policy Makes: A Comparison of PISA Scores in Europe and Traditional Countries of Immigration  

Microsoft Academic Search

The purpose of this article is to evaluate the importance of different immigration policies associated with corresponding migration backgrounds, command of national languages and intergenerational mobility, for the PISA school performance of teenagers living in European countries (France, Finland, Germany, United Kingdom and Sweden) and traditional countries of immigration (Australia, Canada, New Zealand and the US). Econometric results show that

Horst Entorf; Nicoleta Minoiu

2005-01-01

484

PISA Results: What a Difference Immigration Law Makes  

Microsoft Academic Search

The purpose of this article is to evaluate the importance of social class, migration background and command of national languages for the PISA school performance of teenagers living in European countries (France, Finland, Germany, United Kingdom, and Sweden) and traditional countries of immigration (Australia, Canada, New Zealand and the US). Econometric results show that the influence of the socioeconomic background

Horst Entorf; Nicoleta Minoiu

2004-01-01

485

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

E-print Network

, public health-care expenditures related to obesity, and social welfare. First we use an econometric modelEffects of U.S. Public Agricultural R&D on U.S. Obesity and its Social Costs Julian M. Alston measures of changes in economic surplus in markets for food and farm commodities, and changes in public

California at Davis, University of

486

Michael Ash curriculum vitae  

E-print Network

of Economics and Public Policy 2012­13 Acting Director, Social Thought & Political Economy (STPEC) 2011­ Chair Applied Econometrics (graduate) Health and Environmental Inequality Module for Social Inequality, Berkeley Dissertation: The Changing Structure of U.S. Labor Markets; Advisor: George Akerlof 1991 A

Schweik, Charles M.

487

Gender Wage Gaps in China's Labor Market: Size, Structure, Trends  

Microsoft Academic Search

Chinese attitudes toward the treatment of men and women in the workplace reflect two divergent perspectives. The legacy of China's past includes a strong tendency to favor male over female workers, while over the last four decades China's government has vigorously propagated an ideology of gender equality. This paper applies econometric methods to a large body of data on average

Margaret Maurer-Fazio; Thomas G. Rawski; Wei Zhang

1997-01-01

488

Wind Turbine Shutdowns and Upgrades in Denmark: Timing Decisions and the Impact of Government Policy  

E-print Network

change, fossil fuel price volatility and energy security, governments at many levels around the world the development of the wind industry in Denmark. Keywords: wind energy, dynamic structural econometric model JEL.S. Association of Energy Economics North American conference and from seminar participants at UC-Davis. Lin

Lin, C.-Y. Cynthia

489

Taxes in a Labor Supply Model with Joint Wage-Hours Determination.  

ERIC Educational Resources Information Center

Payroll and progressive income taxes play an enormous role in the American fiscal system. The purpose of this study is to present some econometric evidence on the effects of taxes on married women, a group of growing importance in the American labor force. A testable model of labor supply is developed which permits statistical estimation of a

Rosen, Harvey S.

1976-01-01

490

Resource Allocation in Public Research Universities  

ERIC Educational Resources Information Center

The purpose of this study was to conduct an econometric analysis of internal resource allocation. Two theories are used for this study of resource allocation in public research universities, and these are: (1) Theory of the Firm; and (2) Resource Dependence Theory. This study used the American Association of Universities Data Exchange (AAUDE)

Santos, Jose L.

2007-01-01

491

Estimating the economic and demographic impacts of solar technology commercialization on US regions  

Microsoft Academic Search

The purpose of this study is to develop a framework through which these regional economic and demographic impacts of solar technology commercialization can be analyzed. Two models comprise the basis of this framework - a national input\\/output model and an interregional econometric model, the National-Regional Impact Evaluation System (NRIES). These models are used to convert projected sales of solar energy

Kort

1980-01-01

492

CONSUMER ACCEPTANCE OF GENETICALLY MODIFIED FOODS IN KOREA: FACTOR AND CLUSTER ANALYSIS  

Microsoft Academic Search

The study applies multivariate statistical and econometric tools to estimate the importance of the various factors driving Korean consumer acceptance of GM food products. The evidence thus far on biotechnology is decidedly mixed: public perceptions of food biotechnology are characterized by ongoing tension between opposing forces. The South Korean perceptions about food in general and ranges from excitement about the

Benjamin M. Onyango; Ramu Govindasamy; William K. Hallman; Ho-Min Jang; Venkata S. Puduri

2004-01-01

493

Learning-Testing Process in Classroom: An Empirical Simulation Model  

ERIC Educational Resources Information Center

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

Buda, Rodolphe

2009-01-01

494

Doctoral Program in Finance: Curriculum Fall FIN 7935 Finance Research Forum (1 credit hour)  

E-print Network

Doctoral Program in Finance: Curriculum First Year Fall FIN 7935 Finance Research Forum (1 credit of Finance Spring FIN 7935 Finance Research Forum (1 credit hour) ECO 6424 Econometrics I ECO 7116 Microeconomic Theory II FIN 7807 Seminar in Corporate Finance Attend FCTL Teaching Workshop for Doctoral

Foroosh, Hassan

495

The Bootstrap  

Microsoft Academic Search

The bootstrap is a method for estimating the distribution of an estimator or test statistic by resampling one's data or a model estimated from the data. Under conditions that hold in a wide variety of econometric applications, the bootstrap provides approximations to distributions of statistics, coverage probabilities of confidence intervals, and rejection probabilities of hypothesis tests that are more accurate

Joel L. Horowitz

1999-01-01

496

Bootstrapping a Regression Equation: Some Empirical Results  

Microsoft Academic Search

The bootstrap, like the jackknife, is a technique for estimating standard errors. The idea is to use Monte Carlo simulation based on a nonparametric estimate of the underlying error distribution. The main object of this article is to present the bootstrap in the context of an econometric equation describing the demand for energy by industry. As it turns out, the

David A. Freedman; Stephen C. Peters

1984-01-01

497

Bootstrapping time series models  

Microsoft Academic Search

This paper surveys recent development in bootstrap methods and the modifications needed for their applicability in time series models. The paper discusses some guidelines for empirical researchers in econometric analysis of time series. Different sampling schemes for bootstrap data generation and different forms of bootstrap test statistics are discussed. The paper also discusses the applicability of direct bootstrapping of data

G. S. Hongyi Li; G. S. Maddala

1996-01-01

498

ESTADSTICA ESPAOLA Vol. 44, Nm. 150, 2002, pgs. 133 a 159  

E-print Network

Departamento de Estadística y Econometría Universidad Carlos III de Madrid RESUMEN Desde Efron y Tibshirani Tibshirani (1986)), y series temporales (Efron y Tibshirani (1986), Carlstein (1986), Künsch (1989), Bose Tibshirani (1993), Shao y Tu (1995) y Davison y Hinkley (1997) constituyen valiosas referencias sobre los

Romo, Juan

499

The shadow value of migrant remittances, income and inequality in a household?farm economy  

Microsoft Academic Search

This article offers econometric evidence that income remittances sent home by family migrants stimulate household?farm incomes indirectly by relieving credit and risk constraints on household?farm production. A high but unequally distributed shadow value of migrant remittances appears to reinforce an equalising direct effect of remittances on the income distribution across a sample of household?farms in rural Mexico.

J. Edward Taylor; T. J. Wyatt

1996-01-01

500

Impact of Education on the Income of Different Social Groups  

ERIC Educational Resources Information Center

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

Yue, Changjun; Liu, Yanping

2007-01-01