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1

Econometrics Links  

NSDL National Science Digital Library

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

2

Nonparametric Econometrics  

Microsoft Academic Search

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

Adrian Pagan; Aman Ullah

3

Econometric Analysis  

Microsoft Academic Search

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

William H Greene

2003-01-01

4

Spectral Methods in Econometrics.  

National Technical Information Service (NTIS)

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

G. S. Fishman

1968-01-01

5

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.

6

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

7

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

8

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

9

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

10

Econometric Studies of Higher Education.  

ERIC Educational Resources Information Center

The econometrics of higher education emerged from the development of human capital theory and efforts to estimate rates of return to education in the 1960s and 1970s. This paper surveys the various strands of the literature on the econometrics of higher education that have developed during the last 40 years and indicates how a collection of papers…

Ehrenberg, Ronald G.

11

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

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

Notes on the Use of Econometrics.  

National Technical Information Service (NTIS)

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

H. H. Stokes

1985-01-01

14

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

15

Estimation and Inference in Econometrics  

Microsoft Academic Search

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

Russell Davidson; James G. MacKinnon

1993-01-01

16

Hamburger Prices and Spatial Econometrics  

Microsoft Academic Search

This paper applies spatial econometrics to hamburger price data to assess the degree of substitutability of products and locations of spatially dispersed franchised chains. First, while intrachain price variation exists, I find that hamburger prices at neighboring outlets of different chains are spatially uncorrelated. I conclude that their products are not close substitutes, which provides an explanation for why price

Arturs Kalnins

2003-01-01

17

An Applied Physicist Does Econometrics  

NASA Astrophysics Data System (ADS)

The biggest problem those attempting to understand econometric data, via modeling, have is that economics has no F = ma. Without a theoretical underpinning, econometricians have no way to build a good model to fit observations to. Physicists do, and when F = ma failed, we knew it. Still desiring to comprehend econometric data, applied economists turn to mis-applying probability theory---especially with regard to the assumptions concerning random errors---and choosing extremely simplistic analytical formulations of inter-relationships. This introduces model bias to an unknown degree. An applied physicist, used to having to match observations to a numerical or analytical model with a firm theoretical basis, modify the model, re-perform the analysis, and then know why, and when, to delete ``outliers'', is at a considerable advantage when quantitatively analyzing econometric data. I treat two cases. One is to determine the household density distribution of total assets, annual income, age, level of education, race, and marital status. Each of these ``independent'' variables is highly correlated with every other but only current annual income and level of education follow a linear relationship. The other is to discover the functional dependence of total assets on the distribution of assets: total assets has an amazingly tight power law dependence on a quadratic function of portfolio composition. Who knew? )

Taff, L. G.

2010-02-01

18

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

19

Identification and Inference for Econometric Models  

NASA Astrophysics Data System (ADS)

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

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

2005-07-01

20

System-Theoretic Trends in Econometrics.  

National Technical Information Service (NTIS)

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

J. M. Schumacher

1990-01-01

21

Application of Heuristic Modeling to Econometrics.  

National Technical Information Service (NTIS)

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

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

1975-01-01

22

On aggregation in spatial econometric modelling  

NASA Astrophysics Data System (ADS)

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

Paelinck, Jean H. P.

23

Metro station operating costs: An econometric analysis  

Microsoft Academic Search

This article develops an econometric analysis of metro station operating cost to identify factors that create variation in cost efficiency. Stations operating costs can be classified amongst the semifixed costs that a metro faces in the sense that they do not vary proportionately with metro output. They may therefore be important in determining the degree of returns to density. This

Mohammed Quddus; Nigel Harris; Daniel J Graham

2007-01-01

24

How to Use Econometric Models to Forecast.  

National Technical Information Service (NTIS)

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

T. M. Supel

1975-01-01

25

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

26

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

27

The econometrics of finance and growth  

Microsoft Academic Search

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

Thorsten Beck

2008-01-01

28

Bootstrapping Student Understanding of What Is Going on in Econometrics.  

ERIC Educational Resources Information Center

Explains that econometrics is an intellectual game played by rules based on the sampling distribution concept. Contains explanations for why many students are uncomfortable with econometrics. Encourages instructors to use explain-how-to-bootstrap exercises to promote student understanding. (RLH)

Kennedy, Peter E.

2001-01-01

29

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

30

Stata in space: Econometric analysis of spatially explicit raster data  

Microsoft Academic Search

Realizing the importance of location, economists are increasingly adopting spatial analytical and spatial econometric perspectives to study questions such as the geographical targeting of policy interventions, regional agglomeration effects, the diffusion of technologies across space, or causes and consequences of land-cover change. Explicitly accounting for location in econometric estimations can be of great benefit for researchers working at the interface

Daniel Müller

2005-01-01

31

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

32

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

33

UNSOLVED ECONOMETRIC PROBLEMS IN NONLINEARITY, CHAOS, AND BIFURCATION  

Microsoft Academic Search

In an attempt to resolve the controversies that exist within the field of economics regarding nonlinearity, chaos, and bifurcation, we investigate the relevancy to these controversies of a controlled competition among nonparametric econometric tests for nonlinearity and chaos, and we also report on our results with experiments using parametric macroeconomic models to investigate the implications of bifurcation for macroeconomic policy.

William A. Barnett; Yijun He

2012-01-01

34

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

35

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

36

The Status of Econometrics in the Economics Major: A Survey  

ERIC Educational Resources Information Center

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

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

2012-01-01

37

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

38

Econometric Models of Cash and Futures Prices of Shell Eggs.  

National Technical Information Service (NTIS)

A series of econometric models which analyze economic relationships in the egg industry and provide short-term predictions of egg prices were developed for this study. The major emphasis of these models is formulating and estimating shortrun supply-demand...

S. K. Roy P. N. Johnson

1974-01-01

39

Implementing procedures for spatial panel econometrics in Stata  

Microsoft Academic Search

Econometricians have begun to devote more attention to spatial interactions when carrying out applied econometric studies. In part, this is motivated by an explicit focus on spatial interactions in policy formulation or market behavior, but it may also reflect concern about the role of omitted variables that are or may be spatially correlated. The classic models of spatial autocorrelation or

Gordon Hughes

2011-01-01

40

Does OPEC Matter? An Econometric Analysis of Oil Prices  

Microsoft Academic Search

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

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

2004-01-01

41

A selective overview of nonparametric methods in flnancial econometrics  

Microsoft Academic Search

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

Jianqing Fan

2003-01-01

42

Rejoinder: A Selective Overview of Nonparametric Methods in Financial Econometrics  

Microsoft Academic Search

I am very grateful to the Executive Editor, Edward George, for organizing this stimulating discussion. I would like to take this opportunity to thank Pro- fessors Peter Phillips, Jun Yu, Michael Sørensen, Per Mykland and Lan Zhang for their insightful and stimu- lating comments, touching both practical, methodolog- ical and theoretical aspects of financial econometrics and their applications in asset

Jianqing Fan

2005-01-01

43

A Selective Overview of Nonparametric Methods in Financial Econometrics  

Microsoft Academic Search

This paper gives a brief overview of the nonparametric techniques that are useful for financial econometric problems. The problems include estimation and inference for instantaneous returns and volatility functions of time-homogeneous and time-dependent diffusion processes, and estimation of transition densities and state price densities. We first briefly describe the problems and then outline the main techniques and main results. Some

Jianqing Fan

2005-01-01

44

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

45

Econometric and Forecasting Software for IBM PC and Compatibles.  

ERIC Educational Resources Information Center

Reviews fourteen econometric and forecasting programs for the IBM PC family of computers. The comparison is based on analytical capabilities, cost, operating characteristics, and user-friendliness. Concludes that the programs do not differ enough to provide grounds for rejection of one program in favor of another. Includes names and addresses for…

Rycroft, Robert S.

1987-01-01

46

Econometric Modeling of Second-hand Tanker Prices  

Microsoft Academic Search

Purchasing second-hand tankers can expand size of tanker fleet in a short term, especially for Chinese fleet, which can not satisfy the imported crude oil demand. A second-hand tanker price is an important factor in the process of the decisions to purchase of second-hand tankers. In this paper, an econometric modeling of second-hand tanker prices is constructed based on the

Ming Zhong; Qin Shi

2007-01-01

47

Econometric model for age- and population-dependent radiation exposures  

SciTech Connect

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

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

1991-01-01

48

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

49

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

50

Spatial econometrics functions in R: Classes and methods  

NASA Astrophysics Data System (ADS)

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

Bivand, Roger

51

An Econometric Model of the Northeast Corridor of the United States.  

National Technical Information Service (NTIS)

The construction of an econometric model of growth in the Northeast Corridor region of the United States is an attempt to extend the use of the approach and methods of national econometric models to the analysis of a large open region. The purpose of the ...

R. T. Crow

1969-01-01

52

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

53

General-interest versus specialty journals: Using intellectual influence of econometrics research to rank economics journals and articles  

Microsoft Academic Search

This paper demonstrates the potential problem in using existing economics journal rankings to evaluate the research productivity of scholars by constructing a new ranking of economics journals and articles. Based on 2142 econometrics sample articles published from 2000 to 2005, our ranking results show that the intellectual influence of an econometrics article published in several econometrics|statistics journals is much higher

Yong Bao; Melody Lo; Franklin G. Mixon

2010-01-01

54

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

55

Econometrics of exhaustible resource supply: a theory and an application  

SciTech Connect

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

Epple, D.

1983-01-01

56

Analytical-numerical solution of a nonlinear integrodifferential equation in econometrics  

NASA Astrophysics Data System (ADS)

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

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

2013-07-01

57

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 Box–Cox statistical method to determine

Robertico R. Croes; Manuel Vanegas Sr.

2005-01-01

58

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

59

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

60

Changing patterns of trade in the world iron ore and steel market: An econometric analysis  

Microsoft Academic Search

The world iron ore and steel trade is undergoing significant restructuring, with rapidly developing economies in regions such as China, India, and South Korea emerging as key centers of growth in the sector. Alternatively, the industrialized economies of the European Union, Japan, and North America are gradually losing their dominant role. This paper describes an econometric trade model that has

B. Stephen Labson

1997-01-01

61

Econometric Analysis of Aggregation in the Context of Linear Prediction Models  

Microsoft Academic Search

This paper focuses on whether to use macro or micro equations to predict aggregate variables. The Grunfeld-Griliches prediction criterion is generalized to allow for contemporaneous covariances across the micro equations and for parametric restrictions on the disaggregate equations. An econometric test is proposed of the hypothesis of \\

M Hashem Pesaran; Richard G Pierse; Mohan S Kumar

1989-01-01

62

The cost of compliance with product standards for firms in developing countries: an econometric study  

Microsoft Academic Search

Standards and technical regulations exist to protect consumer safety or to achieve other goals, such as ensuring the interoperability of telecommunications systems, for example. Standards and technical regulations can, however, raise substantially both start-up and production costs for firms. Maskus, Otsuki, and Wilson develop econometric models to provide the first estimates of the incremental production costs for firms in developing

Keith E. Maskus; Tsunehiro Otsuki; John S. Wilson

2005-01-01

63

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

64

Part 2 The Link between GIS and spatial analysis . GIS, spatial econometrics and social science research  

NASA Astrophysics Data System (ADS)

Some ideas are formulated on the challenges presented to GIS, spatial analysis and spatial econometrics that result from recent trends in social science research. These new developments are characterized by a focus on the geography of phenomena. Particular emphasis is placed on the need to extend concepts of space, to broaden the analytical toolbox and to develop software and advance education.

Anselin, Luc

65

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

66

An Econometric Study of Rape Victim Silence: Competition, Selection, and Deterrence  

Microsoft Academic Search

We perform an econometric analysis of the determinants of sexual violence against women and reporting behavior by victims of sexual violence in the United States during the era of the women's movement. Drawing on the sexual-competition theory of rape, we identify instruments that directly affect the probability of being sexually victmitized, but not the probability of reporting the victimization to

Hugo M. Mialon; Sue H. Mialon

2004-01-01

67

An Econometric Model of Monetary Policy Decision Making with Applications to the United Kingdom and  

Microsoft Academic Search

We develop an econometric model of monetary policy committee decision-making. The model characterizes the monetary policy preferences of individual committee members and the aggregation of those preferences through majority voting. The model is sufficiently general to permit both enhanced power for the committee chairman and the presence of pressures for consensus. Using maximum simulated likelihood (MSL) methods, we estimate the

Rob Roy McGregor; Todd A. Vermilyea

2009-01-01

68

An Econometric Model of Monetary Policy Decision Making for the United Kingdom  

Microsoft Academic Search

We develop an econometric model of monetary policy committee decision- making. The model characterizes policy preferences of in dividual committee members and the aggregation of those preferences to produce a committ ee choice by majority voting. Using maximum simulated likelihood (MSL) methods, we estimate the model using data from the Bank of England (BOE) for the 1999-2007 perio d. Our

Henry W. Chappell; Rob Roy McGregor; Todd A. Vermilyea

2008-01-01

69

Econometric Analysis of Financial Data in Risk Management (continuation). Section III: Managing Operational Risk  

Microsoft Academic Search

We continue publishing the four-part consultation of professor of Moscow School of Economics of Lomonosov MSU Dean Fantazzini. The first part, that appeared in 2 (10), 2008 of the journal, dealt with the introduction to the problem (section one: basic concepts and types of financial risks, methods of measurement) and also with the econometric approach to analysis of market risks

Dean Fantazzini

2008-01-01

70

An Econometric Model of the Regulated Emissions for Fuel-Efficient New Vehicles  

Microsoft Academic Search

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 of the regulated pollutants unchanged. This paper develops an econometric

1995-01-01

71

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

Microsoft Academic Search

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

Neuberg

2009-01-01

72

British regional growth and sectoral trends: global and local spatial econometric approaches  

Microsoft Academic Search

This article looks beneath the surface of British sub-regional aggregate Gross Value Added (GVA) growth over the period 1995 to 2007, by examining how the differing growth dynamics of the secondary and services sectors have influenced the overall regional growth process. A spatial econometric analysis is undertaken which tests regional secondary and services real GVA per capita for absolute and

Declan Curran

2011-01-01

73

Preliminary Data and Econometric Forecasting: An Application with the Bank of Italy Quarterly Model  

Microsoft Academic Search

This Paper considers forecasting by econometric and time series models using preliminary (or provisional) data. The standard practice is to ignore the distinction between provisional and final data. We call the forecasts that ignore such a distinction naïve forecasts, which are generated as projections from a correctly specified model using the most recent estimates of the unobserved final figures. It

Fabio Busetti

2004-01-01

74

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

75

The effect of the Thatcher government on company liquidations: an econometric study  

Microsoft Academic Search

The findings from an econometric study of company liquidations in teh UK economy are presented. The aim is to build on previous macroeconomic analysis of business failure in order to explore to what extent the impact of the Thatcher government did represent a clear break in the determination of company liquidations. While it is possible to construct a model which

Paul Turner; Andrew Coutts; Sue Bowden

1992-01-01

76

Econometric analyses of nonindustrial forest landowners: Is there anything left to study?  

Microsoft Academic Search

In this paper we review recent econometric studies focusing on how nonindustrial private forest landowners make decisions. We use our synthesis of previous work and a discussion of emerging problems involving these landowners as motivation for future research. The majority of research undertaken prior to the late 1980's involved determining variables affecting reforestation or harvesting decisions. In the past decade,

S. Amacher Gregory; M. Christine Conway; Jay Sullivan

2003-01-01

77

New Economic School Master in Finance Program Financial Econometrics II: Module 3, May-June 2008  

Microsoft Academic Search

In this course, we consider applications of econometric techniques to the analysis of flnancial markets, with special emphasis on empirical tests of asset pricing models and of the e-cient market hypothesis. Throughout the course, we use both international (mainly, US) and Russian data. At the end of the course, the students should master empirical analysis of flnancial returns and have

Olesya V. Grishchenko

78

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

Microsoft Academic Search

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 of leading empirical strategies devised to identify causal impacts and illustrates their use

Martin Schlotter; Guido Schwerdt; Ludger Woessmann

2011-01-01

79

An Empirical Study on FDI Knowledge Spillover: Spatial Econometric Models Based on Panel Data  

Microsoft Academic Search

This paper utilizes Moran's I Index to investigate the spatial correlation of the regional technology innovation in China. Referring to the knowledge production function (KPF) by Griliches-Jaffe and the spatial lag econometric models based on Panel Data, the effects of four domestic factors is checked through the panel data of 29 provinces (cities\\/municipals) for the period 2000~2008. The study has

Wan Kunyang; Yu Shujuan

2010-01-01

80

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

81

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

82

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

Microsoft Academic Search

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

Darrell Duffie; Kenneth J Singleton

1997-01-01

83

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 policies—such as those that promote forestation and discourage deforestation—as 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

84

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

85

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

86

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

NASA Astrophysics Data System (ADS)

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

Tsutsumi, Morito; Seya, Hajime

2009-12-01

87

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

SciTech Connect

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

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

1981-03-01

88

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

89

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

90

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

Microsoft Academic Search

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

George Hall; John Rust

2002-01-01

91

FoolWatch: A Case study of econometric analysis and evidenced-based-policy making in the Australian Government  

Microsoft Academic Search

The decision to introduce a national FuelWatch scheme provides a timely case study of `evidence-based- policy' making in Australia. The government based its decision on econometric work by the ACCC who refuse to release the data. They claim that their analysis is robust because it has been subject to scrutiny within the ACCC and by Treasury. Experience with `evidence based

Don Harding

2008-01-01

92

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

Microsoft Academic Search

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

Sabine Knapp; Shashi Kumar; Yuri Sakurada; Jiajun Shen

2011-01-01

93

Technological Leadership, Human Capital and Economic Growth: a Spatial Econometric Analysis for US Counties, 1969–2003  

Microsoft Academic Search

This paper uses exploratory and spatial econometric data analysis techniques to investigate the role of space, technological leadership, and human capital for the growth of U.S. counties. We investigate a simple neoclassical-inspired growth model and compare it to a spatial version of an endogenous growth model allowing for \\

Valerien O. PEDE; Raymond J. G. M. FLORAX; Henri L. F. DE GROOT

2007-01-01

94

The use of preliminary data in econometric forecasting: an application with the Bank of Italy Quarterly Model  

Microsoft Academic Search

This paper considers forecasting by econometric and time series models using preliminary (or provisional) data. The standard practice is to ignore the distinction between provisional and final data. We call the forecasts that ignore such a distinction naive forecasts, which are generated as projections from a correctly specified model using the most recent estimates of the unobserved final figures. It

Fabio Busetti

2001-01-01

95

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

96

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

97

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

98

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

NASA Astrophysics Data System (ADS)

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

Shaw, Brian F., Sr.

99

Zenkoku 9 chiiki keiryo keizai model no kaihatsu. Denryoku Juyo block. (Development of Japanese nine-region econometric model. Electricty demand block).  

National Technical Information Service (NTIS)

On the electricity demand block of the Japanese Nine-Region Econometric Model (JNREM), its structure and empirical results were reported. Partial-adjustment model was assumed in most cases, and a production or income, relative electricity price and demand...

T. Okawara T. Onojima I. Matsukawa

1989-01-01

100

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

101

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

PubMed Central

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

2012-01-01

102

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

NASA Astrophysics Data System (ADS)

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

Fisher, W. P., Jr.

2010-07-01

103

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

PubMed

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

Lee, Soocheol; Pollitt, Hector; Ueta, Kazuhiro

2012-01-01

104

An Assessment of Japanese Carbon Tax Reform Using the E3MG Econometric Model  

PubMed Central

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

Lee, Soocheol; Pollitt, Hector; Ueta, Kazuhiro

2012-01-01

105

Food preparation patterns in German family households. An econometric approach with time budget data.  

PubMed

In Germany, the rising importance of out-of-home consumption, increasing usage of convenience products and decreasing knowledge of younger individuals how to prepare traditional dishes can be seen as obvious indicators for shifting patterns in food preparation. In this paper, econometric analyses are used to shed more light on the factors which may influence the time spent on food preparation in two-parent family households with children. Two time budget surveys, carried out 1991/92 and 2001/02 through the German National Statistical Office, provide the necessary data. Time budget data analyses reveal that over the last ten years the time spent on food preparation in Germany has decreased. The results point out that time resources of a household, for example gainful employment of the parents, significantly affect the amount of time spent on food preparation. The analysis confirms further that there is a more equal allocation of time spent on cooking, baking or laying the table between women and men in the last ten years. Due to changing attitudes and conceivably adaption of economic conditions, differences in time devoted to food preparation seem to have vanished between Eastern and Western Germany. Greater time spent on eating out in Germany as well as decreasing time spent on food preparation at home reveal that the food provisioning of families is no longer a primarily private task of the households themselves but needs more public attention and institutional offers and help. Among other points, the possibility of addressing mothers' lack of time as well as growing "food illiteracy" of children and young adults are discussed. PMID:20420870

Möser, Anke

2010-08-01

106

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

PubMed Central

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

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

2013-01-01

107

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

108

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

109

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

110

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

111

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.

Bond, Lyndal; Hilton, Shona

2014-01-01

112

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

Microsoft Academic Search

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

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

2002-01-01

113

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

114

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

PubMed

This study uses econometric models to measure the effect of significant wave height and wind strength on the probability of casualty and tests whether these effects changed. While both effects are in particular relevant for stability and strength calculations of vessels, it is also helpful for the development of ship construction standards in general to counteract increased risk resulting from changing oceanographic conditions. The authors analyzed a unique dataset of 3.2 million observations from 20,729 individual vessels in the North Atlantic and Arctic regions gathered during the period 1979-2007. The results show that although there is a seasonal pattern in the probability of casualty especially during the winter months, the effect of wind strength and significant wave height do not follow the same seasonal pattern. Additionally, over time, significant wave height shows an increasing effect in January, March, May and October while wind strength shows a decreasing effect, especially in January, March and May. The models can be used to simulate relationships and help understand the relationships. This is of particular interest to naval architects and ship designers as well as multilateral agencies such as the International Maritime Organization (IMO) that establish global standards in ship design and construction. PMID:21376925

Knapp, Sabine; Kumar, Shashi; Sakurada, Yuri; Shen, Jiajun

2011-05-01

115

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

116

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

PubMed

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

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

2011-10-01

117

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

118

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

NASA Astrophysics Data System (ADS)

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

Pretis, F.; Hendry, D. F.

2013-10-01

119

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

120

Goal Programming in Econometrics.  

National Technical Information Service (NTIS)

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

W. A. Spivey H. Tamura

1970-01-01

121

SPATIAL ECONOMETRIC STAR MODELS  

Microsoft Academic Search

Spatial regression models incorporating non-stationarity in the regression coefficients are popular. In this paper we propose a family of spatial Smooth Transition AutoRegressive (STAR) models inspired by analogous nonlinear approaches developed in the time series literature. Spatial STAR models constitute a parsimonious, easy-to-estimate approach to modeling nonlinear spatial parameter variation and endogenous detection of spatial regimes. A distinct advantage of

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

122

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

123

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

124

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

PubMed Central

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

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

2013-01-01

125

Overall and income specific effect on prevalence of overweight and obesity of 20% sugar sweetened drink tax in UK: econometric and comparative risk assessment modelling study  

PubMed Central

Objective To model the overall and income specific effect of a 20% tax on sugar sweetened drinks on the prevalence of overweight and obesity in the UK. Design Econometric and comparative risk assessment modelling study. Setting United Kingdom. Population Adults aged 16 and over. Intervention A 20% tax on sugar sweetened drinks. Main outcome measures The primary outcomes were the overall and income specific changes in the number and percentage of overweight (body mass index ?25) and obese (?30) adults in the UK following the implementation of the tax. Secondary outcomes were the effect by age group (16-29, 30-49, and ?50 years) and by UK constituent country. The revenue generated from the tax and the income specific changes in weekly expenditure on drinks were also estimated. Results A 20% tax on sugar sweetened drinks was estimated to reduce the number of obese adults in the UK by 1.3% (95% credible interval 0.8% to 1.7%) or 180?000 (110?000 to 247?000) people and the number who are overweight by 0.9% (0.6% to 1.1%) or 285?000 (201?000 to 364?000) people. The predicted reductions in prevalence of obesity for income thirds 1 (lowest income), 2, and 3 (highest income) were 1.3% (0.3% to 2.0%), 0.9% (0.1% to 1.6%), and 2.1% (1.3% to 2.9%). The effect on obesity declined with age. Predicted annual revenue was £276m (£272m to £279m), with estimated increases in total expenditure on drinks for income thirds 1, 2, and 3 of 2.1% (1.4% to 3.0%), 1.7% (1.2% to 2.2%), and 0.8% (0.4% to 1.2%). Conclusions A 20% tax on sugar sweetened drinks would lead to a reduction in the prevalence of obesity in the UK of 1.3% (around 180?000 people). The greatest effects may occur in young people, with no significant differences between income groups. Both effects warrant further exploration. Taxation of sugar sweetened drinks is a promising population measure to target population obesity, particularly among younger adults.

2013-01-01

126

The Econometrics of Cartel Overcharges  

Microsoft Academic Search

Connor and Lande (2006) conducted a survey of cartel overcharge estimates and found an average in the range of 31% to 49%. By examining more sources, Connor (2010b) finds a median of 23.3% for all type of cartels and a mean of 50.4% for successful cartels. However, the data used in these studies are estimates rather than true observations, since

Marcel Boyer; Rachidi Kotchoni

2011-01-01

127

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

128

Econometrics of First-Price Auctions  

Microsoft Academic Search

This paper proposes a convenient estimation method for the empirical study of auction models. The authors focus on first-price sealed-bid and descending auctions within the private value paradigm. The method relies upon a simulated nonlinear least squares objective function appropriately adjusted. Asymptotic properties are established and some extensions are discussed. The method is applied to a market of agricultural products.

Jean-Jacques Laffont; HERVPI OSSARD; Quang Vuong

1995-01-01

129

Three Econometric Essays on Continuous Time Models  

Microsoft Academic Search

Multivariate continuous time models are now widely used in economics and finance. Empirical applications typically rely on some process of discretization so that the system may be estimated with discrete data. The Chapter 2 introduces a framework for discretizing linear multivariate continuous time systems that includes the commonly used Euler and trapezoidal approximations as special cases and leads to a

Xiaohu Wang

2012-01-01

130

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

131

Annual Report of the Econometrics Center, 1985.  

National Technical Information Service (NTIS)

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

1986-01-01

132

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

133

An econometric explanation of nuclear plant costs  

SciTech Connect

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

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

1986-04-01

134

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

135

Econometric Model of the World Rubber Economy.  

National Technical Information Service (NTIS)

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

E. Grilli R. Helterline P. Pollak

1979-01-01

136

Monitoring Structural Change in Dynamic Econometric Models  

Microsoft Academic Search

The classical approach to testing for structural change employs retrospective tests using a historical data set of a given length. Here we consider a wide array of fluctuation-type tests in a monitoring situation - given a history period for which a regression relationship is known to be stable, we test whether incoming data are consistent with the previously established relationship.

Achim Zeileis; Friedrich Leisch; Christian Kleiber; Kurt Hornik

2002-01-01

137

Comparing Information in Forecasts from Econometric Models  

Microsoft Academic Search

The information contained in one model's forecast compared to that in another can be assessed from a regression of actual values on predicted values from the two models. The authors do this for forecasts of real GNP growth rates for different pairs of models. The models include a structural model (the Fair model), various versions of the vector autoregressive model,

Ray C Fair; Robert J Shiller

1990-01-01

138

Quantifying Knowledge Spillovers using Spatial Econometric Models  

Microsoft Academic Search

Abstract This paper seeks to develop our understanding of the somewhat diffuse nature of techno- logical externalities in technological space by associating a geographical dimension with the sectoral dimension. Using a panel data set containing French patents granted as well as private and public research expenditures by industry and region over the period from 1992 to 2000, this paper estimates

Corinne Autant-Bernard; CREUSET CNRS

139

Bootstrap Inference in Spatial Econometrics: the J-test  

Microsoft Academic Search

Kelejian (2008) introduces a J-type test for the situation in which a null linear regression model, Model0, is to be tested against one or more rival non-nested alternatives, Model1, …, Model g , where typically the competing models possess endogenous spatial lags and spatially autoregressive error processes. Concentrating on the case g=1, in this paper we examine the finite sample

Peter Burridge; Bernard Fingleton

2010-01-01

140

The Determination of Teacher Salary and Quality: An Econometric Analysis.  

ERIC Educational Resources Information Center

This paper applies the Carlsson-Robinson Theory of public employment wages to examine differences in salaries and quality of teachers using data from the Coleman Report. A modified Carlsson-Robinson model of quality determination is complemented with four testable hypotheses of salary determination. Teacher salaries were found to be determined by…

Owen, John D.

141

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

142

Applying econometrics to the carbon dioxide "control knob".  

PubMed

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

Curtin, Timothy

2012-01-01

143

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

144

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

145

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

146

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

147

Comparative efficiency of national health systems: cross national econometric analysis  

Microsoft Academic Search

Objective To improve the evidence base for health policy by devising a method to measure and monitor the performance of health systems. Design Estimation of the relation between levels of population health and the inputs used to produce health. Setting 191 countries. Main outcome measure Health system efficiency (performance). Results Estimated efficiency varied from nearly fully efficient to nearly fully

D. B Evans; Ajay Tandon; C. J L Murray; J. A Lauer

2001-01-01

148

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 characteristics—the 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

149

R&D and Productivity: Measurement Issues and Econometric Results.  

ERIC Educational Resources Information Center

Discusses the relationship and contributions of research and development (R&D) to productivity growth in the United States. Focuses on the impacts of industrial R&D and presents study results on trends in productivity. (ML)

Griliches, Zvi

1987-01-01

150

The Adoption of Bt-Maize - An Econometric Analysis  

Microsoft Academic Search

In this study, we theoretically and empirically investigate the determinants of Bt maize adoption in German regions. Specifically, we ask how the regulatory framework, the farm structures as well as the socio-political environment of GM expansion in Germany have influenced regional adoption rates. Following a description of the relevant legal and economic framework in Germany, we develop theoretical hypotheses concerning

Nicola Consmuller; Volker Beckmann; Martin Petrick

2009-01-01

151

Econometric and Statistical Bases for the Non-Econometrician  

ERIC Educational Resources Information Center

An overview is provided for librarians of the types of statistical or numeric data bases offered by Data Resources, Inc., General Electric Information Division, Predicasts, and Interactive Data Corporation. Tables list the types of data or statistical information available from each. (JPF)

Tyzenhouse, Joanne

1978-01-01

152

Cost savings from nuclear regulatory reform: An econometric model  

SciTech Connect

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

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

1996-01-01

153

An Econometric Analysis of Global Waste Paper Recovery and Utilization  

Microsoft Academic Search

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

Christer Berglund; Patrik Söderholm

2003-01-01

154

Applying Econometrics to the Carbon Dioxide "Control Knob"  

PubMed Central

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

Curtin, Timothy

2012-01-01

155

Toward Econometric Models of the Security Risk from Remote Attack  

Microsoft Academic Search

Security risk models have successfully estimated the likelihood of attack for simple security threats such as burglary and auto theft. Before we can forecast the risks to computer systems, we must first learn to measure the strength of their security

Stuart E. Schechter

2005-01-01

156

An econometric analysis of motorway renewal costs in Germany  

Microsoft Academic Search

This paper analyses the cost bahaviour of motorway renewal costs with the aim to derive an estimate of marginal infrastructure costs per vehicle-km of trucks as part of optimal road user charges. The analysis is based on cross-sectional data of motorway renewal costs and traffic volume per motorway section in Germany during the period 1980-1999. The translog model estimated in

Heike Link

2004-01-01

157

An econometric analysis of motorway renewal costs in Germany  

Microsoft Academic Search

The analysis of motorway renewal costs presented in this paper was driven by two research questions: First, to analyse the economic process of motorway renewal work and to identify whether there exist economies of scale; and second to identify the influence of traffic volume on renewal costs and to derive an estimate of marginal infrastructure costs as part of optimal

Heike Link

2006-01-01

158

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

159

A compendium to information theory in economics and econometrics  

Microsoft Academic Search

An extensive synthesis is provided of the concepts, measures and techniques of Information Theory (IT). After an axiomatic description of the basic definitions of “information functions”, “entropy” or uncertainty and the maximum entropy principle, the paper demonstrates the power of IT as both an interpretive and techinically productive tool. It is argued that this power and universality is promarily due

Esfandiar Maasoumi

1993-01-01

160

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

161

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

162

How can we Define the Concept of Long Memory? An Econometric Survey  

Microsoft Academic Search

In this paper we discuss different aspects of long memory behavior and applicable parametric models. We discuss the confusion that can arise when the empirical autocorrelation function decreases in a hyperbolic way.

Dominique Guégan

2005-01-01

163

Transportation, economic growth and spillover effects: The conclusion based on the spatial econometric model  

Microsoft Academic Search

This paper tests the external spillover effects of the transportation on China’s economic growth from the theoretical and\\u000a the empirical perspectives. Based on a logarithm production model, this study first proves the existence of the positive externality\\u000a in the transportation. After that, the authors collect the data of the 28 provinces in China from 1985 to 2006, and use a

Angang Hu; Shenglong Liu

2010-01-01

164

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

NASA Astrophysics Data System (ADS)

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

Todorova, Lora; Vogt, Bodo

2011-11-01

165

Capturing the Impact of Fuel Price on Jet Aircraft Operating Costs with Engineering and Econometric Models  

Microsoft Academic Search

Challenges in forecasting fleet development and deployment are in part due to fuel price uncertainty. To address this issue, a recent study developed an aircraft-specific Leontief technology operating cost model (LM) to compare aircraft costs under fuel price uncertainty. This model considers individual aircraft types to be Leontief technologies, such that the key drivers of cost must be used in

Megan Smirti Ryerson; Mark Hansen

2009-01-01

166

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

167

Estimating the effects of Kyoto on bilateraltrade flows using matching econometrics  

Microsoft Academic Search

Many Kyoto countries fear a loss of competitiveness due to unilateral climate policyefforts; policymakers therefore call for carbon-related border tax adjustments. With thispaper we attempt to estimate the treatment effect of Kyoto commitment on bilateralexport flows using regression-adjusted differences-in-differences matching techniques.The gravity and international environmental agreement formation literatures provideguidelines for the choice of matching variables. We find that Kyoto countries'

Rahel Aichele; Gabriel J. Felbermayr

2011-01-01

168

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

Microsoft Academic Search

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

Anyanwu John

2002-01-01

169

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

SciTech Connect

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

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

1993-01-01

170

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

SciTech Connect

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

Khazzoom, H.D.

1986-01-01

171

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

172

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

173

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

174

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

175

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

EPA Science Inventory

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

176

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...

177

Measuring ICT Use and Learning Outcomes: Evidence from Recent Econometric Studies  

ERIC Educational Resources Information Center

Based on PISA 2009 data, this article studies the relationship between students' computer use and their achievement in reading, mathematics and science in 23 countries. After having categorised computer use into a set of different activities according to the skills they involve, we correlate students' PISA test-scores with an index capturing the…

Biagi, Federico; Loi, Massimo

2013-01-01

178

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

SciTech Connect

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

Khazzoom, J.D.

1986-01-01

179

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

180

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

181

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

Microsoft Academic Search

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

David Card

2001-01-01

182

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

SciTech Connect

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

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

1993-12-31

183

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

USGS Publications Warehouse

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

Slade, M. E.

1980-01-01

184

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

185

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

SciTech Connect

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

Krane, S.D.

1985-01-01

186

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

187

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

ERIC Educational Resources Information Center

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

Barro, Stephen M.

188

Econometric Models of Education, Some Applications. Education and Development, Technical Reports.  

ERIC Educational Resources Information Center

This report contains five papers which describe mathematical models of the educational system as it relates to economic growth. Experimental applications of the models to particular educational systems are discussed. Three papers, by L. J. Emmerij, J. Blum, and G. Williams, discuss planning models for the calculation of educational requirements…

Tinbergen, Jan; And Others

189

Estimating the Beveridge Curve of Egypt: An Econometric Study for the Period 2004 to 2010  

Microsoft Academic Search

This paper estimates the Beveridge curve of Egypt for the period 2004 to 2010, using quarterly data for the both the private sector and the public sector. Our results confirm the negative relationship between unemployment and private job offers for the Egyptian labor market. The Beveridge curve has shifted inwards during the observation period, indicating an improved matching process between

Zein Kasrin; Guenter Lang

2010-01-01

190

Macroeconomic Policy Design Using Large Econometric Rational Expectations Models: Methodology and Application.  

National Technical Information Service (NTIS)

The paper proposes and applies to the London Business School (LBS) model a general methodology for the design of macroeconomic policy using large rational expectations models. Design proceeds through the following four stages: first, a small, linear repre...

N. M. Christodoulakis J. Gaines P. Levine

1989-01-01

191

Role of Time Series Analysis in the Estimation and Evaluation of Econometric Models.  

National Technical Information Service (NTIS)

The predictive performance of the London Business School model of the U.K. economy - a large nonlinear structural model - was compared with a time series model. Ex post and ex ante predictions were generated for periods from one to eight quarters ahead. I...

J. A. Longbottom S. Holly

1982-01-01

192

Economic Growth in the Philippines: A Spatial Econometrics Analysis at the Provincial Level, 1991 – 2000  

Microsoft Academic Search

Investigating the determinants of economic growth remains a long research tradition in the economic growth literature. Most studies in this literature have tried to link economic growth and different economic factors using either neoclassical growth theories or endogenous growth approaches. These studies apply these growth theories to identify the factors responsible for the observed differences\\/disparities between regions or countries. While

Valerien O. Pede; Zenaida M. Huelgas; Lorena Villano; Cornelia Garcia; Justin D. McKinley; Samarendu Mohanty

2011-01-01

193

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

194

Econometric Modelling of the Financing Decisions of the UK Personal Sector: Preliminary Results.  

National Technical Information Service (NTIS)

A development of the Almost Ideal Demand System (AIDS) model is used to explain personal sector holdings of a set of liquid assets, capital uncertain assets and liabilities. The Granger-Engle procedure is applied to a system of equations to establish a lo...

D. G. Barr K. Cuthbertson

1989-01-01

195

Permanent Income, Import Prices, and the Demand for Imported Consumer Durbales: A Structural Econometric Investigation  

Microsoft Academic Search

This paper derives a rational expectations, permanent income model of the demand for imported consumer durable goods. Assuming that the preferences of the representative household are addilog, our model implies that the log of the exact but unobservable utility index of permanent income must in equilibrium be cointegrated with log consumption of nondurables. Using nondurables consumption as our noisy proxy

Richard H. Clarida

1993-01-01

196

Consumption, Import Prices, and the Demand for Imported Consumer Durables: A Structural Econometric Investigation  

Microsoft Academic Search

This paper derives and estimates a rational expectations optimizing model of the demand for imported consumer durable goods. The author is unable to reject the essential empirical implications of the model and obtain sensible estimates of the price and income elasticities of the demand for imported consumer durables. Copyright 1996 by MIT Press.

Richard H Clarida

1996-01-01

197

Reference Values for Human Life: An Econometric Analysis of a Contingent Valuation in France  

Microsoft Academic Search

\\u000a In 1993 the Commissariat Général du Plan, the Ministry of Equipment, EDF (the French Utility Company), and the Centre d’Energétique\\u000a of the Ecole des Mines (within a contract from the ExternE Program of the European Commission), decided to finance a contingent\\u000a valuation of the reference value of human life for road accidents. It is the first study using this methodology

Brigitte Desaigues; Ari Rabl

198

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.

Zhao, Zhibiao

2011-01-01

199

The adoption of Bt-maize in Germany: An econometric analysis  

Microsoft Academic Search

In this study, we theoretically and empirically investigate the determinants of Bt-maize adoption in German regions. Specifically, we ask how the regulatory framework, the farm structures as well as the socio-political environment of GM expansion in Germany have influenced regional adoption rates. Following a description of the relevant legal and economic framework in Germany, we develop theoretical hypotheses concerning regional

Nicola Consmuller; Volker Beckmann; Martin Petrick

2009-01-01

200

Report of an econometric study of the energy sector of Alabama  

Microsoft Academic Search

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 developments in the energy sector upon the state's economy. An overview of alternative economic models that are widely used for forecasting and

D. L. Hooks; D. C. Cheng

1979-01-01

201

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; Mária Fekete-Farkas; József Molnár

202

Improving institutional incentives for public land management: an econometric analysis of school trust land leases  

Microsoft Academic Search

There is considerable interest in the proper management of public lands in the United States, but questions arise over what institutional arrangements may ensure proper land stewardship. Recently, the trust doctrine has been heralded as a way to motivate prudent decision making by land managers. School trust lands, which are managed to generate revenues for public schools, represent a long-standing

MATTHEW H. BONDS; JEFFREY J. POMPE

2005-01-01

203

The roles of expected profitability, Tobin's Q and cash flow in econometric models of company investment  

Microsoft Academic Search

Evidence that cash flow has a significant effect on company investment spending, after controlling for Tobin's average Q, has often been interpreted as suggesting the importance of financing constraints. Recent work on measurement error in the Q model casts doubt on this interpretation. It is possible that the Q model may not be identified if there are 'bubbles' in stock

Gertjan Vlieghe; Alexander Klemm; Rain Newton-Smith

2004-01-01

204

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

Microsoft Academic Search

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

Tyler Prante; Alok K. Bohara

2008-01-01

205

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

National Technical Information Service (NTIS)

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

1995-01-01

206

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

National Technical Information Service (NTIS)

The objective of this research is to analyze the effects of labor subsidies on a state by state basis and, hence, for the nation as a whole. The method is first to translate the subsidy into a shift in the supply or demand for workers who are eligible for...

C. D. MacRae P. M. Greenston D. P. Riordan L. L. Royster

1974-01-01

207

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

Microsoft Academic Search

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

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

2005-01-01

208

A Spatial Econometric Analysis of Geographic Spillovers and Growth for European Regions, 1980-1995  

Microsoft Academic Search

The aim of this paper is to consider the geographical dimension of data in the estimation of the convergence of European regions and to emphasize geographic spillovers in regional economic growth phenomena. In a sample of 138 European regions over the 1980-1995 period, we show that the unconditional b -convergence model is misspecified due to spatially autocorrelated errors. Its estimation

Catherine BAUMONT; Cem ERTUR; Julie LE GALLO

2001-01-01

209

An Econometric Analysis of Volunteer Enlistments of Service and Cost Effectiveness Comparison of Service Incentive Programs.  

National Technical Information Service (NTIS)

The primary purpose of this study was to determine the cost effectiveness of various enlistment programs in attracting additional volunteers to each Service. The analysis was also aimed at determining the effects of changes in youth unemployment rates, co...

D. W. Grissmer D. M. Amey R. L. Arms D. F. Huck F. F. Imperial

1974-01-01

210

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

Microsoft Academic Search

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

Daniel A. Griffith; Jean H. P. Paelinck

2007-01-01

211

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

Microsoft Academic Search

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

Alan Carruth; Andy Dickerson; Andrew Henley

1998-01-01

212

Human resources for health and burden of disease: an econometric approach  

Microsoft Academic Search

BACKGROUND: The effect of health workers on health has been proven to be important for various health outcomes (e.g. mortality, coverage of immunisation or skilled birth attendants). The study aim of this paper is to assess the relationship between health workers and disability-adjusted life years (DALYs), which represents a much broader concept of health outcome, including not only mortality but

Carla Castillo-Laborde

2011-01-01

213

Opinion Survey and Econometric Analysis of the Benefit of Public Spending and the National Burden (Japanese)  

Microsoft Academic Search

Japan's fiscal conditions are the most severe of any industrialized nation, moreover, the aging of Japanese society will continue, and an increase in the national burden is inevitable. In part because of the view that the burden of taxes and of social security has a negative impact on the incentive to work and thereby impedes the vitalization of the economy,

TACHIBANAKI Toshiaki; OKAMOTO Akira; KAWADE Masumi; HATANO Toshiya; MIYAZATO Naomi

2006-01-01

214

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

Microsoft Academic Search

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

James Harrigan

1995-01-01

215

A structural econometric model of price discrimination in the French mortgage lending industry  

Microsoft Academic Search

We propose a model of discrimination in the market for mortgages. The model explains accepted loan applications and simultaneously determines loan sizes and interest rates. A competitive and a discriminating monopoly version of the model are proposed. Offered interest rates and loan sizes are a function of observable borrower characteristics. The competitive model rests on a marginal condition, reflecting contract

Robert J. Gary-Bobo; Sophie Larribeau

2004-01-01

216

ECONOMETRIC MODELLING AND FORECASTING OF FREIGHT TRANSPORT DEMAND IN GREAT BRITAIN  

Microsoft Academic Search

Empirically derived estimates of freight transport demand elasticities and accurate forecasts of future demand are important for freight planning and policy making. The sensitivity of freight transport demand to the changes of its determinants can help policy makers to evaluate alternative policy options in controlling future freight transportation growth, emissions reductions or modal shift. Accurate forecasts can provide information on

Shujie Shen; Tony Fowkes; Tony Whiteing; Daniel Johnson

217

Research and Development Innovation Training Quality and Profitability: Econometric Evidence from France  

Microsoft Academic Search

Abstract: This paper studies, simultaneously, the relationships between R&D investments, innovation, training investments, quality and firm performance at the firm level. It offers some empirical evidence on how innovation, training, quality affect firm profitability. The new feature we introduce is the link between training and quality. We build a five equations model including censored, dichotomous and linear variables with a

Fabrice Galia; Diègo Legros

218

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

Microsoft Academic Search

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

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

2011-01-01

219

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

220

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

Microsoft Academic Search

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

Mark David Jekanowski

1998-01-01

221

On the Validity of Econometric Techniques with Weak Instruments--Inference on Returns to Education Using Compulsory School Attendance Laws  

ERIC Educational Resources Information Center

The authors evaluate Angrist and Krueger (1991) and Bound, Jaeger, and Baker (1995) by constructing reliable confidence regions around the 2SLS and LIML estimators for returns-to-schooling regardless of the quality of the instruments. The results indicate that the returns-to-schooling were between 8 and 25 percent in 1970 and between 4 and 14…

Cruz, Luiz M.; Moreira, Marcelo J.

2005-01-01

222

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

223

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

EPA Science Inventory

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

224

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

SciTech Connect

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

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

2008-07-01

225

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

226

Growth and Technological Leadership in US Industries: A Spatial Econometric Analysis at the State Level, 1963-1997  

Microsoft Academic Search

For several decades, cross-country analyses have dominated the literature on economic growth. Recently, these analyses have been extended to include sectoral variation as well as spatial variation across sub-national regions. This paper investigates economic growth and potential determinants of the process of catch-up to technology leaders for several economic sectors, using data for the lower 48 US states from 1963

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

2007-01-01

227

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

NASA Astrophysics Data System (ADS)

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

LeSage, James P.; Sheng, Yuxue

2014-04-01

228

Balance of Trade and Exchange Rate: An Econometric Investigation into the J-Curve Phenomenon in Ghana  

Microsoft Academic Search

This study analyzes the responsiveness of the balance of trade to changes in real exchange rate. It also examines the time pattern of this response in order to verify the existence of the J-Curve phenomenon in Ghana. The Johansen multivariate cointegration method employed reveals that trade balance, real exchange rate, domestic real income, income of the rest of the world

Isaac Bentum-Ennin

2008-01-01

229

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

PubMed

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

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

2011-12-01

230

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

PubMed

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

Hage, Olle; Söderholm, Patrik

2008-01-01

231

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

232

Forecasting China’s Foreign Trade Volume with a Kernel-Based Hybrid Econometric-Ai Ensemble Learning Approach  

Microsoft Academic Search

Due to the complexity of economic system and the interactive effects between all kinds of economic variables and foreign trade,\\u000a it is not easy to predict foreign trade volume. However, the difficulty in predicting foreign trade volume is usually attributed\\u000a to the limitation of many conventional forecasting models. To improve the prediction performance, the study proposes a novel\\u000a kernel-based ensemble

Lean Yu; Shouyang Wang; Kin Keung Lai

2008-01-01

233

Spatial econometric analysis of location drivers in a renewable resource-based industry: The U.S. South Lumber Industry  

Microsoft Academic Search

This research identified key factors driving the location of firms in a resource-based industry by expanding on Location Theory, New Economic Geography, and Cluster Theory. First, six latent location factors were identified based on a survey of lumber industry members using factor analysis. An exploratory analysis of sawmill location identified deviations from complete spatial randomness, suggesting the formal incorporation of

Francisco X. Aguilar

2009-01-01

234

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

PubMed Central

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

2012-01-01

235

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

236

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

237

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

Microsoft Academic Search

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

Anne Line Bretteville-Jensen; Erik Biørn

2004-01-01

238

An econometric analysis of the mental-health effects of major events in the life of older individuals.  

PubMed

Major events in the life of an older individual, such as retirement, a significant decrease in income, death of the spouse, disability, and a move to a nursing home, may affect the mental-health status of the individual. For example, the individual may enter a prolonged depression. We investigate this using unique longitudinal panel data that track labor market behavior, health status, and major life events, over time. To deal with endogenous aspects of these events we apply fixed effects estimation methods. We find some strikingly large effects of certain events on the occurrence of depression. We relate the results to the health care and labor market policy towards older individuals. PMID:12203754

Lindeboom, Maarten; Portrait, France; van den Berg, Gerard J

2002-09-01

239

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 Köhler; Rachel Warren; Sarah Winne

240

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

241

An Econometric Analysis of the Unemployment Insurance System in a Local Urban Labor Market. Final Report for September 1, 1973--September 30, 1974.  

ERIC Educational Resources Information Center

The study derives a model of the unemployment insurance (UI) system and its relationship to the labor market, estimates it with data from the Detroit Standard Metropolitan Statistical Area, and evaluates its potential use to forecast UI benefit amounts, UI insured unemployment, and UI exhaustions. It further uses the model to analyze policy issues…

Marston, Stephen Tilney

242

The Role of Knowledge Externalities in the Spatial Distribution of Economic Growth: A Spatial Econometric Analysis for US Counties, 1969?2003  

Microsoft Academic Search

The traditional view of cities as monocentric conglomerates of people clustered around an employment center, driving economic growth in cities that subsequently trickles down to the hinterland, is increasingly being challenged. In particular, the role of space, technological leadership, human capital, increasing returns to scale and industrial clustering as well as hierarchical organization principles have been emphasized in the more

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

2006-01-01

243

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

National Technical Information Service (NTIS)

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

C. Giansanti V. Ferrari

1996-01-01

244

A Micro-Econometric Approach to Deriving Use and NonUse Values of in-situ Groundwater: The Vosvozis Case Study, Greece  

Microsoft Academic Search

The present study attempts to estimate the shadow price of unextracted groundwater in the Vozvozi aquifer. In the context of this study, we model the production function of vertically integrated agricultural firms in terms of an input-oriented distance function with multiple inputs. Duality theory is employed in order to extract information regarding the in situ shadow price of groundwater. This

Phoebe Koundouri; Babalos Vasilis; Marva Stithou; Anastasiou Ioannis

2012-01-01

245

Order from Chaos? The Effects of Early Labor Market Experience on Adult Labor Market Outcomes. Econometrics and Economic Theory Paper No. 9506.  

ERIC Educational Resources Information Center

Using the National Longitudinal Survey of Youth (NYSY) for 1979-92, an empirical analysis documented and characterized early labor market experiences of men and women in the U.S. economy. It explored the evolution of these labor market experiences over the first 5 years in the labor market and studied the relationships between them and adult labor…

Gardecki, Rosella; Neumark, David

246

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

PubMed Central

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

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

2012-01-01

247

NEURAL NETWORK APPLICATIONS IN AGRICULTURAL ECONOMICS  

Microsoft Academic Search

Neural networks have become very important tools in many areas including economic researches. The objectives of this thesis are to examine the fundamental components, concepts and theory of neural network methods from econometric and statistic perspective, with particular focus on econometrically and statistically relevant models. In order to evaluate the relative effectiveness of econometric and neural network methods, two empirical

Jianhua Chen

2005-01-01

248

Note on the price elasticity of electricity  

Microsoft Academic Search

Regulatory authorities place increasing reliance on econometric elasticity studies in evaluating construction programs and reforming rate design. But econometric price elasticity studies are worthless in predicting future responses to price increases. The theory of consumer behavior that underlies the statistical tests is simply bad theory and cannot produce valid elasticity predictions. One reason that this econometric work cannot be valid

Coyle

1976-01-01

249

Fair Model  

NSDL National Science Digital Library

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

Blecha, Betty

250

Research at HUT 1994.  

National Technical Information Service (NTIS)

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

I. Pasanen-Tuomainen E. Moerttinen A. Lappalainen

1995-01-01

251

On the harm that ignoring pretesting can cause  

Microsoft Academic Search

In econometrics the same data set is typically used to select the model and to estimate the parameters in the selected model. In applied econometrics practice, however, one typically acts as if the model had been given a priori, thus ignoring the fact that the estimators are in fact pretest estimators. Hence one assumes incorrectly that the estimator is unbiased,

Dmitry Danilov; J. R. Jan R. Magnus

2004-01-01

252

Outputs as Educator Effectiveness in the United States: Shifting towards Political Accountability  

ERIC Educational Resources Information Center

The definition of educator effectiveness is being redefined by econometric modeling to evidence student achievement on standardized tests. While the reasons that econometric frameworks are in vogue are many, it is clear that the strength of such models lie in the quantifiable evidence of student learning. Current accountability models frame…

Piro, Jody S.; Mullen, Laurie

2013-01-01

253

Asymmetric competition and collection rates differentials: determinants of prices in international telephone service markets  

Microsoft Academic Search

The paper investigates determinants of pricing in international telephone service markets. An econometric model is developed to study the impact of different telecommunications-specific and macroeconomic variables over collection rate differentials and traffic imbalance between countries. Data from 24 worldwide national markets strengthen empirical findings from the theoretical analysis and make the econometric model an interesting and flexible instrument for new

Alberto Nucciarelli; Massimo Gastaldi; N. Levialdi

2007-01-01

254

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

255

Dynamic optimization approach to modeling petroleum exploration with an application to the 1986 oil price decline  

Microsoft Academic Search

A long-standing problem with econometric oil and gas supply models is the lack of a dynamic optimization framework that incorporates expectations of future prices and costs as a basis for the econometric equations. This dissertation attempts to remedy this problem by using a rational-expectations model of the United States oil market in which a representative competitive firm chooses an exploratory

1988-01-01

256

The Sensitivity of Multiregional Economic Structure to Improved Interregional Accessibility 1  

Microsoft Academic Search

Our recently developed Japanese Multi-Regional Econometric Input-output Model is an extended interregional econometric IO model. The interregional economic transactions by sectors are endogenously determined from the conditions of economic situation and trade barriers. In Japan, a society with a decreasing population, further investment in the transportation infrastructure has become a pressing issue. Employing the trade endogenized framework, the exogenous changes

Norihiko Yamano; Kazumi Hitomi; Norihisa Sakurai

257

National Projections of Forest and Rangeland Condition Indicators; a Supporting Technical Document for the 1999 RPA Assessment.  

National Technical Information Service (NTIS)

The 1999 forest and rangeland condition indicator model is a set of independent econometric production functions for environmental outputs (measured with condition indicators) at the national scale. This report documents the development of the database an...

J. Hof C. Flather T. Baltic S. Davies

1999-01-01

258

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

Federal Register 2010, 2011, 2012, 2013

...scientific developments in statistical data collection, statistical analysis, survey methodology, geospatial analysis, econometrics, cognitive psychology, and computer science as they pertain to the full range of Census Bureau programs and...

2013-11-08

259

77 FR 16894 - Financial Research Advisory Committee  

Federal Register 2010, 2011, 2012, 2013

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

2012-03-22

260

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

Federal Register 2010, 2011, 2012, 2013

...scientific developments in statistical data collection, statistical analysis, survey methodology, geospatial analysis, econometrics, cognitive psychology, and computer science as they pertain to the full range of Census Bureau programs and...

2012-01-10

261

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

ERIC Educational Resources Information Center

Econometric estimates were used to determine the effects of publicly funded continuous vocational training and retraining in the former East Germany. Results suggest that, despite large public expenditures, no positive effects occurred in the first years after training. (SK)

Lechner, Michael

2000-01-01

262

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

Federal Register 2010, 2011, 2012, 2013

...medicine; nursing; epidemiology and applied statistics; immunology; law and bioethics; behavioral sciences; economics and econometrics; organ procurement organizations; transplant candidates/recipients; transplant/donor family members; and living...

2012-05-15

263

Scale Mixture Models with Applications to Bayesian Inference  

NASA Astrophysics Data System (ADS)

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

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

2003-11-01

264

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

Federal Register 2010, 2011, 2012, 2013

...scientific developments in statistical data collection, statistical analysis, survey methodology, geospatial analysis, econometrics, cognitive psychology, and computer science as they pertain to the full range of Census Bureau programs and...

2011-03-01

265

Regional Short-Term Energy Model (RSTEM) Overview  

EIA Publications

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

Information Center

2009-04-16

266

Structure of Consumer Preferences.  

National Technical Information Service (NTIS)

The purpose of the paper is to present an econometric methodology for selecting among alternative specifications of the structure of consumer preferences in statistical demand analysis. Parametric restrictions are derived first for direct and indirect tra...

D. W. Jorgenson L. J. Lau E. A. Hudson

1975-01-01

267

Wheat Flour Price Shocks and Household Food Security in Afghanistan.  

National Technical Information Service (NTIS)

To investigate the impact of rising staple food prices on household food security, we use a unique nationally representative household survey from Afghanistan, one of the worlds poorest, most food-insecure countries. The econometric framework allows us to...

A. D'Souza

2011-01-01

268

Interaction of Japanese Rice and Wheat Policy and Impact on Trade.  

National Technical Information Service (NTIS)

The interaction of Japanese rice and wheat policies and their impact on trade is described and analyzed through estimation of an econometric model which includes the interrelationships between the two sectors and which reflects Japanese Government policie...

C. L. Jabara

1981-01-01

269

Economic Consequences of Political Philosophy. (Reannouncement with New Availability Information).  

National Technical Information Service (NTIS)

Using a simultaneous equations model of political climate and labor market conditions, this study shows that political liberalism may lead to labor force participation and higher employment, particularly for women.... Econometrics, Economic models, Employ...

S. A. Horowitz

1976-01-01

270

Cost Analysis of Light Water Reactor Power Plants.  

National Technical Information Service (NTIS)

This study centers on a statistical analysis of the licensing time, construction time, and capital cost of light water reactor power plants. The use of these econometric techniques allows the major cost driving variables to be identified through multivari...

W. E. Mooz

1980-01-01

271

39 CFR 3050.22 - Documentation supporting attributable cost estimates in the Postal Service's section 3652 report.  

Code of Federal Regulations, 2013 CFR

...CCSTS); (5) The Rural Carrier Cost System (RCCS); (6) The National...Count; (7) The Transportation Cost System (TRACS); (8) System...econometric analysis of purchased highway transportation cost variability, including input...

2013-07-01

272

Allocation and Recovery of Federal Airport and Airway Costs, 1991.  

National Technical Information Service (NTIS)

This report presents estimates of the allocation and recovery of Federal airport and airway system costs. Estimates for 1991 were constructed using an econometric model that attributes fixed, joint, and marginal airspace system costs to aviation user grou...

D. E. Taylor

1992-01-01

273

49 CFR 1180.7 - Market analyses.  

Code of Federal Regulations, 2013 CFR

...issues analyzed and the validity of their methodology. All underlying assumptions must...traffic patterns, including shipper surveys and econometric or other statistical...market share analysis; and/or shipper surveys. It is important to note that...

2013-10-01

274

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

National Technical Information Service (NTIS)

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

C. D. Kitchin

2012-01-01

275

Economic Analysis of Effects of Business Cycles on the Economy of Cities: Regional Variations in Cyclical Employment.  

National Technical Information Service (NTIS)

This paper presents and tests an econometric model to explain cross - regional differences in cyclical behavior. The model divides each State economy into an export sector and a residentiary sector; the severity of a State's recession is equivalent to the...

M. Howland

1982-01-01

276

Corn and Wheat Markets in South Africa.  

National Technical Information Service (NTIS)

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

S. Shapouri

1983-01-01

277

Does Student Aid Affect College Enrollment? New Evidence on a Persistent Controversy  

Microsoft Academic Search

ABSTRACT Numerous econometric studies, based mostly on cross-section data, have found substantial effects of student aid on college enrollment. These effects have been,hard to discern in historical data. We report here on an econometric,analysis of a time-series of college enrollment and net cost data for white students disaggregated by income,and sex. We find significant net cost effects on enrollments of

Michael S. McPherson; Morton Owen Schapiro

1991-01-01

278

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

279

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

280

Computer automation of general-to-specific model selec-tion procedures  

Microsoft Academic Search

Abstract That econometric,methodology,remains in dispute partly reflects the lack of clear evidence on alternative approaches. This paper reconsiders econometric,model selection from a computer- automation perspective, focusing on general-to-specific reduction approaches, as embodied in the program PcGets (general?to?specific). Starting from a general linear, dynamic statistical model, which captures the essential data characteristics, standard testing procedures are applied to elimin- ate statistically-insignificant

H. M Krolzig; D. F. Hendry

2001-01-01

281

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

282

The Trade-off between Inflation and Unemployment: A Survey of the Econometric Evidence for Selected Countries (La relation inverse entre l'inflation et le chômage: une analyse des résultats empiriques dans certains pays sélectionnés) (Relación de correspondencia entre la inflación y el desempleo: estudio de las pruebas econométricas para países seleccionados)  

Microsoft Academic Search

Il s'est avéré très difficile, dans de nombreux pays, de concilier le plein emploi et la stabilité des prix. A en juger d'après les expériences antérieures, les responsables de la politique économique se heurtent au dilemme d'une relation inverse: les efforts pour accroître la production et l'emploi en augmentant le volume de la demande globale ont habituellement pour effet d'accroître

Morris Goldstein

1972-01-01

283

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

284

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

NASA Astrophysics Data System (ADS)

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

Melcher, A. G.

1981-05-01

285

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

286

Study on improving the method of analyzing the economic incident effects caused by public investment policies  

NASA Astrophysics Data System (ADS)

A nationwide micro-econometric model was established to estimate changes in the national gross product based on road-related investment amounts. And by considering the supply-demand balance during inflationary and deflationary times and the price adjustment mechanism, this model was then used to examine issues with the current micro-econometric model in light of the present economic circumstances. The results showed that during deflationary times issuing government bonds is less likely to have a crowding-out effect and public investments tend to be more effective than during inflationary times.

Momma, Toshiyuki; Hino, Seiichi; Koike, Atsushi; Nakano, Takeshi; Fujii, Satoshi

287

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

NASA Astrophysics Data System (ADS)

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

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

1981-05-01

288

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

289

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

PubMed

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

Kohn, Jennifer L; Averett, Susan L

2014-07-01

291

Integration of Fiscal and Monetary Sectors in Econometric Models: A Survey of Theoretical Issues and Empirical Findings (Intégration des secteurs budgétaire et monétaire dans les modèles économétriques: examen des questions théoriques et résultats empiriques) (Integración de los sectores monetario y fiscal en modelos econométricos: Un estudio sobre aspectos teóricos y resultados empíricos)  

Microsoft Academic Search

Modern quantity theorists, better known as monetarists, appear to have made substantial contributions to the current debate on the effects of alternative fiscal and monetary policy actions. Both the theoretical and empirical works of the monetarists have challenged the basic Keynesian tenet that changes in government spending affect the level of employment and income. The monetarists argue that perverse wealth

Nurun N. Choudhry

1976-01-01

292

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

Microsoft Academic Search

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

Saeed Moshiri; Faezeh Foroutan

293

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

Microsoft Academic Search

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

Joe Kerkvliet; Christian Langpap

2007-01-01

294

Lifetime Earnings Patterns, The Distribution Of Future Social Security Benefits, And The Impact Of Pension Reform  

Microsoft Academic Search

This paper describes an analysis of career earnings patterns developed for predicting the impact of Social Security reform. We produce estimates of age-earnings profiles of American men and women born between 1931 and 1960. The estimates are obtained using lifetime earnings records maintained by the Social Security Administration. We use a standard econometric approach to develop forecasts of future individual

Barry Bosworth; Gary Burtless; Eugene Steuerle

2002-01-01

295

The Winner's Curse, Reserve Prices, and Endogenous Entry: Empirical Insights from eBay Auctions  

Microsoft Academic Search

Internet auctions have recently gained widespread popularity and are one of the most successful forms of electronic commerce. We examine a unique dataset of eBay coin auctions to explore the determinants of bidder and seller behavior. We first document a number of empirical regularities. We then specify and estimate a structural econometric model of bidding on eBay. Using our parameter

Patrick Bajari; Ali Hortacsu

2003-01-01

296

Educational Production Function. Final Report.  

ERIC Educational Resources Information Center

This study, concerning the conceptual and econometric problems involved in estimating educational production functions, focuses on the following topics: 1) the meaning of an educational production function estimated from cross-section data; 2) the measurement of the output of schools; 3) the problem of measuring the initial endowment of students…

Bowles, Samuel

297

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

Microsoft Academic Search

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

Danni Rodrik

1998-01-01

298

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

299

Expectations, Learning and Monetary Policy: An Overview of Recent Rersearch  

Microsoft Academic Search

Expectations about the future are central for determination of current macroeconomic outcomes and the formulation of monetary policy. Recent literature has explored ways for supplementing the benchmark of rational expectations with explicit models of expectations formation that rely on econometric learning. Some apparently natural policy rules turn out to imply expectational instability of private agents' learning. We use the standard

George W Evans; Seppo Honkapohja

2008-01-01

300

Are regional trading arrangements trade creating?  

Microsoft Academic Search

In this study, we use extreme bounds analysis to test the robustness of the hypothesis that regional trading arrangements (RTAs) are trade creating. Extreme bounds analysis provides a more rigorous test of specification uncertainty than traditional econometric theory by incorporating prior information and using a systematic approach to testing the fragility of coefficient estimates. The results show that the trade

Sucharita Ghosh; Steven Yamarik

2004-01-01

301

A Survey on Time-Varying Copulas: Specification, Simulations, and Application  

Microsoft Academic Search

The aim of this article is to bring together different specifications for copula models with time-varying dependence structure. Copula models are widely used in financial econometrics and risk management. They are considered to be a competitive alternative to the Gaussian dependence structure. The dynamic structure of the dependence between the data can be modeled by allowing either the copula function

Hans Manner; Olga Reznikova

2012-01-01

302

A Survey on Time-Varying Copulas: Specification, Simulations and Application  

Microsoft Academic Search

The aim of this paper is to bring together different specifications for copula models with time-varying dependence structure. Copula models are widely used in financial econometrics and risk management. They are considered to be a competitive alternative to the Gaussian dependence structure. The dynamic structure of the dependence between the data can be modeled by allowing either the copula function

Hans Manner; Olga Reznikova

2011-01-01

303

Forecasting long-haul tourism demand for Hong Kong using error correction models  

Microsoft Academic Search

Forecasting accuracy is particularly important when forecasting tourism demand on account of the perishable nature of the product. This study compares a range of forecasting models in the context of predicting annual tourist flows into Hong Kong from the major long-haul markets of the US, the UK, Germany and major short-haul markets of China, Japan and Taiwan. Econometric forecasting models

Koon Nam Lee

2011-01-01

304

Class, Distribution and Redistribution in Post-Apartheid South Africa  

Microsoft Academic Search

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

Jeremy Seekings; Nicoli Nattrass

2002-01-01

305

Does Peer Ability Affect Student Achievement?  

ERIC Educational Resources Information Center

Empirical analysis of peer effects on student achievement has been open to question because of the difficulties of separating peer effects from other confounding influences. While most econometric attention has been directed at issues of simultaneous determination of peer interactions, this paper argues that issues of omitted and mismeasured…

Hanushek, Eric A.; Kain, John F.; Markman, Jacob M.; Rivkin, Steven G.

306

A FARMer's View of the Ricardian Approach to Measuring Agricultural Effects of Climatic Change  

Microsoft Academic Search

During the past few years two new methods, each based on the analogous region concept, have been developed to account for farmer adaptation in response to global climatic change. The first, called 'Ricardian' by Mendelsohn, Nordhaus, and Shaw (1994), econometrically estimates the impact of climatic and other variables on the value of farm real estate. Under some conditions, estimates of

Roy Darwin

1999-01-01

307

To Extend or Not to Extend: Success Determinants of Brand Line Extensions  

Microsoft Academic Search

The authors study the determinants of line extension success using data on 75 line extensions of 34 cigarette brands over a 20-year period to investigate the relative effects of brand, extension, and firm characteristics on the incremental market share of brand line extensions. The econometric model also captures the extent of cannibalization of parent brand sales that may have occurred

Karempudi Srinivas REDDY; Susan L. Holak; Bhat Subodh

1994-01-01

308

The Way We Were (and Are): Changes in Public Finance and Its Textbooks.  

ERIC Educational Resources Information Center

Comparison of a contemporary public finance textbook with one written in the 1940s indicates the following major changes in the field: microeconomic theory is now the framework for analyzing positive and normative issues; research is dominated by econometrics; and topical coverage has changed along with changes in public policy. (JOW)

Rosen, Harvey S.

1997-01-01

309

Price setting in the euro area: Some stylized facts from Individual Consumer Price Data  

Microsoft Academic Search

This paper documents patterns of price setting at the retail level in the euro area. A set of stylized facts on the frequency and size of price changes is presented along with an econometric investigation of their main determinants. Price adjustment in the euro area can be summarized in six stylized facts. First, prices of most products change rarely. The

Emmanuel Dhyne; Luis J. Álvarez; Hervé le Bihan; Giovanni Veronese; Daniel Dias; Johannes Hoffmann; Nicole Jonker; Patrick Lünnemann; Fabio Rumler; Jouko Vilmunen

2005-01-01

310

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

Microsoft Academic Search

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

Margaret E Slade

1992-01-01

311

Vertical externalities in tax setting: evidence from gasoline and cigarettes  

Microsoft Academic Search

A common feature of federal systems is that tax bases are joint property. Consequently, state and federal tax setting decisions are interdependent. Our aim here is to put forward a rudimentary theoretical analysis of this phenomenon, and to use the theory as a framework for econometrically estimating the magnitude of the responses. We find that when the federal government increases

Timothy J. Besley; Harvey S. Rosen

1998-01-01

312

Monopsony in the Labor Market  

Microsoft Academic Search

This paper surveys recent theoretical and empirical research on monopsony in labor markets, broadly defined as upward-sloping labor supply to an employer. We compare older monopsony models based on small numbers of employers with newer models based on labor market frictions such as moving costs and search. We also compare older econometric approaches that focus on static wage-concentration relationships with

William M. Boal; Michael R. Ransom

1997-01-01

313

The value of birth control  

Microsoft Academic Search

When econometric simulation is employed as a tool of national policy analysis, a persuasive argument can be made for including demographic elements in the models. In the short run, changes in birth rates alter female labour force participation rates and hence affect the size of the labour force. Also, changes in birth rates influence investment rates even in the short

Paul M. Sommers

1980-01-01

314

Finance and Development: The Case of Southern Italy  

Microsoft Academic Search

We look at the role of the financial sector in the context of the relatively backward regions of Southern Italy (the so-called Mezzogiorno). Commercial banks in the South typically have higher operating costs and charge higher interest rates than Northern banks. Econometric analysis on a large set of individual loan contracts suggests that borrowers in the South are considerably riskier

Riccardo Faini; Curzio Giannini; Fulvio Ingrosso

1992-01-01

315

Retirement in a Family Context: A Structural Model for Husbands and Wives.  

National Technical Information Service (NTIS)

This paper specifies and estimates a structural model of the retirement decisions of husbands and wives. The feature of the data that is of central interest to us is the tendency of husbands and wives to retire together. An econometric approach is develop...

A. L. Gutsman

1994-01-01

316

A comparison of financial duration models via density forecasts  

Microsoft Academic Search

Using density forecast evaluation techniques, we compare the predictive performance of econometric specifications that have been developed for modeling duration processes in intra-day financial markets. The model portfolio encompasses various variants of the Autoregressive Conditional Duration (ACD) model and recently proposed dynamic factor models. The evaluation is conducted on time series of trade, price and volume durations computed from transaction

Luc Bauwens; Pierre Giot; Joachim Grammig; David Veredas

2004-01-01

317

How large is liquidity risk in an automated auction market?  

Microsoft Academic Search

We introduce a new empirical methodology that models liquidity risk over short time periods for impatient traders who submit market orders. Using Value-at-Risk type measures, we quantify the liquidity risk premia for portfolios and individual stocks traded on the automated auction market Xetra. The specificity of our approach relies on the adequate econometric modelling of the potential price impact incurred

Pierre Giot; Joachim Grammig

2006-01-01

318

Local, regional, or global? Quantifying MNE geographic scope  

Microsoft Academic Search

This paper proposes a multidimensional index of regional and global orientation that can be used in confirmatory studies with econometric methodologies. Unlike extant measures, the index is objectively scaled, and controls for home country orientation and market size differences. The index is shown to be consistent with models of internationalization that incorporate different assumptions about investment choice and global competition.

Christian Geisler Asmussen

2006-01-01

319

Local, regional, or global? Quantifying MNE geographic scope  

Microsoft Academic Search

This paper proposes a multidimensional index of regional and global orientation that can be used in confirmatory studies with econometric methodologies. Unlike extant measures, the index is objectively scaled, and controls for home country orientation and market size differences. The index is shown to be consistent with models of internationalization that incorporate different assumptions about investment choice and global competition.

Christian Geisler Asmussen

2009-01-01

320

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

321

Insider Trading, Traded Volume and Returns  

Microsoft Academic Search

Several models predict that both market liquidity and trading volume generated by less informed traders do not increase when there is insider trading. Available empirical evidence is mixed and still relatively small, because of the inherent di¢ culty to identify insider trading events. Our econometric work, based on 19 suspect insider trading events drawn from the non-public ?file of the

Fabio C. Bagliano; Carlo A. Favero; Giovanna Nicodano

2011-01-01

322

Assumptions when Analyzing Randomized Experiments with Noncompliance and Missing Outcomes  

Microsoft Academic Search

Randomized trials often suffer from a number of complications, notably noncompliance with assigned treatment and missing outcomes. In this paper, basic complications and associated assumptions are catalogued and discussed. Both noncompliance and missing outcomes are posttreatment variables, and therefore “adjusting” for noncompliance or missing outcomes requires careful analysis. The approach we follow differs from that based on standard “structural” econometrics

Fabrizia Mealli; Donald B. Rubin

2002-01-01

323

Estimating log models: to transform or not to transform?  

Microsoft Academic Search

Health economists often use log models to deal with skewed outcomes, such as health utilization or health expenditures. The literature provides a number of alternative estimation approaches for log models, including ordinary least-squares on ln(y) and generalized linear models. This study examines how well the alternative estimators behave econometrically in terms of bias and precision when the data are skewed

Willard G. Manning; John Mullahy

2001-01-01

324

The Relationship Between Crude Oil and Natural Gas Prices  

Microsoft Academic Search

This paper examines the time series econometric relationship between the Henry Hub natural gas price and the West Texas Intermediate (WTI) crude oil price. Typically, this relationship has been approached using simple correlations and deterministic trends. When data have unit roots as in this case, such analysis is faulty and subject to spurious results. We find a cointegrating relationship relating

Jose A. Villar; Frederick L. Joutz

2006-01-01

325

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

SciTech Connect

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

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

1982-01-01

326

Prevention-centered science in mental health  

Microsoft Academic Search

This special issue of AJCP is the first attempt to collectively publish some of the research generated by the PIRCs, an effort that we hope conveys the richness and sophistication of prevention research at its best. As seen in the papers, the work encompasses a broad multidisciplinary focus, including the domains of epidemiology, econometrics, sociology, community psychology, social psychology, developmental

Doreen Spilton Koretz

1991-01-01

327

Quelle est l'influence du coût du travail sur l'emploi ?  

Microsoft Academic Search

[eng] What is the effect of labor cost on employment ? . . This paper deals with the problems involved in estimating the demand for labor on French data. More precisely, we focus on the estimation of the long-run wage elasticity of labor demand. In the first section, one surveys the results obtained by various studies. The French macro-econometric models

Brigitte Dormont

1994-01-01

328

Computer Automation of General-to-Specific Model Selection Procedures  

Microsoft Academic Search

Over the last three decades, the LSE methodology (see Hendry, 1993, for an overview) has emerged as a leading approach for pursuing econometrics. One of its main tenets is the concept of general-to-specific modelling: Starting from a general dynamic statistical model, which captures the essential characteristics of the underlying data set, standard testing procedures are used to reduce its complexity

Hans-Martin Krolzig; David Hendry

1999-01-01

329

Parallel processing for large-scale nonlinear control experiments in economics  

SciTech Connect

In general, the econometric models relevant for purposes of evaluating economic policy contain a large number of nonlinear equations. Therefore, in applying optimal control techniques, computational difficulties are encountered. This paper presents the most common algorithm for computing nonlinear control problems and investigates the degree to which vector processing and parallel processing can facilitate optimal control experiments.

Amman, H.M. (Dept. of Macroeconomics, Univ. of Amsterdam, Amsterdam (NL)); Kendrick, D.A. (Texas Univ., Austin, TX (United States). Dept. of Economics)

1991-01-01

330

TÜRK?YE'DE KAYITDI?I EKONOM?N?N TAHM?N?  

Microsoft Academic Search

ABSTRACT: in ihis study, size of the undergro??nd economy in T??rkey is estimated econometrically,by ??sing Tanzi's melhodology,in period 1971-2000. According,to currency demand approach, the ratio ofthe undergro??nd economy to off?cial one is estimated 24 percent in 2000. Keywords : Undergro??nd Economy, Currency Demand. Giri?

Hakan ÇET?NTA?; Hasan VERG?L

331

A New Measure of Fit for Equations With Dichotomous Dependent Variables  

Microsoft Academic Search

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

Arturo Estrella

1998-01-01

332

Fuel choice in the commercial sector  

SciTech Connect

Fuel choice in the commercial sector involves relating the probability of making a choice to several explatory variables (dichotomous and or continuous), where the dependent variable is discrete or qualitative in nature. Because of the nature of this problem, fuel choice for heating or air conditioning in the commercial sector, up till now, has been treated with either non-econometric or inappropriate econometric methods. This study goes through several stages of the problem and discusses various possible econometric approaches for solutions and their shortcomings. It then employs the concept of individual choice theory and the probability of making a choice (using an individual as the unit of observation) to construct an appropriate econometric model which may be used in making fuel choice in the commercial sector. The model is then tested using 1979 Non-residential Buildings Energy Consumption Survey (NBECS), which spans the contiguous US. The empirical findings are that fuel choice in commercial buildings is influenced by several building characteristics, climate, and fuel prices.

Adesuyi, A.O.

1991-01-01

333

Prudential Regulation of Banks in Less Developed Economies  

Microsoft Academic Search

Beginning with an empirical analysis of banking crises using a logit econometric model covering a sample of developed and developing countries between 1980-1997, the paper suggests that crises are more likely in years of low growth and high real interest rates. Private sector credit as a percentage of GDP, lagged credit growth and tight liquidity in the banking sector are

S Mansoob Mursheda; Djono Subagjo

2002-01-01

334

Financial Policies and the Aggregate Productivity of the Capital Stock: Evidence from Developed and Developing Economies  

Microsoft Academic Search

We collect data on a number of financial restraints, including restrictions on interest rates and capital flows and reserve and liquidity requirements, and capital adequacy requirements from central banks of 14 countries. We estimate the effects of these policies on the aggregate productivity of the capital stock, controlling for the effects of inputs and financial development and using modern econometric

Philip Arestis; Panicos O. Demetriades; Bassam Fattouh

2003-01-01

335

The causes of civil war: The false logic of Collier and Hoeffler  

Microsoft Academic Search

This article presents a critique of the influential econometric studies by Paul Collier and Anke Hoeffler on the causes of civil war. It argues that their research is filled with empirical. methodological and theoretical problems that lead to unreliable results and unjustified conclusions. The article presents an overview of Collier & Hoeffler' s method and findings and then discusses concerns

Laurie Nathan

2008-01-01

336

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

Microsoft Academic Search

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

Bruce E Hansen

1996-01-01

337

How important is the stock market effect on consumption?  

Microsoft Academic Search

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

Sydney Ludvigson; Charles Steindel

1999-01-01

338

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

339

Agricultural Trade, Liberalization, Productivity Gain, and Poverty Alleviation: a General Equilibrium Analysis  

Microsoft Academic Search

Computable General Equilibrium (CGE) models have gained continuously in popularity as an empirical tool for assessing the impact of trade liberalization on agricultural growth, poverty, and income distribution. However, conventional models ignore the channels linking technical change in agriculture, trade openness, and poverty. This study seeks to incorporate econometric evidence of these linkages into a CGE model to estimate the

Nadia Belhaj Hassine; Véronique Robichaud; Bernard Decaluwe

2010-01-01

340

Agricultural Trade Liberalization, Productivity Gain and Poverty Alleviation: a General Equilibrium Analysis  

Microsoft Academic Search

Computable General Equilibrium (CGE) models have gained continuously in popularity as an empirical tool for assessing the impact of trade liberalization on agricultural growth, poverty and income distribution. Conventional models ignore however the channels linking technical change in agriculture, trade openness and poverty. This study seeks to incorporate econometric evidence of these linkages into a CGE model to estimate the

Nadia Belhaj Hassine; Véronique Robichaud; Bernard Decaluwé

2010-01-01

341

The determinants of intra-industry trade on agricultural products of China  

Microsoft Academic Search

From the perspective of bilateral trade, using bilateral trade data of our country and 12 major trading partners during the year from 1997 to 2006, the econometric model was construct to analyze the determinants of intra-industry level of agricultural products between China and its major trading partners. The regression results showed that: differences in GDP per capita are positively related

Wang Jing

2009-01-01

342

AGRICULTURAL TRADE LIBERALIZATION, PRODUCTIVITY GAIN AND POVERTY ALLEVIATION: A GENERAL EQUILIBRIUM ANALYSIS  

Microsoft Academic Search

Computable General Equilibrium (CGE) models have gained popularity as an empirical tool for assessing the impact of trade liberalization on agricultural growth, poverty and income distribution. However, conventional models ignore the channels linking technical change in agriculture, trade openness and poverty. This study seeks to incorporate econometric evidence of these linkages into a CGE model to estimate the impact of

Nadia Belhaj Hassine; Veronique Robichaud; Bernard Decaluwé

2010-01-01

343

AGRICULTURAL TRADE LIBERALIZATION, PRODUCTIVITY GROWTH AND POVERTY ALLEVIATION: A GENERAL EQUILIBRIUM ANALYSIS  

Microsoft Academic Search

Computable General Equilibrium (CGE) models have gained continuously in popularity as an empirical tool for assessing the impact of trade liberalization on agricultural growth, poverty and income distribution. Conventional models ignore however the channels linking technical change in agriculture, trade openness and poverty. This study seeks to incorporate econometric evidence of these linkages into a CGE model to estimate the

Nadia Belhaj; Hassine Veronique; Robichaud Bernard Decaluwé

2009-01-01

344

Dual Markets: The Case of the Syrian Arab Republic (Double marché des changes: le cas de la République arabe syrienne) (Mercados dobles: El caso de la República Arabe Siria)  

Microsoft Academic Search

The article surveys the performance of the dual exchange market and its contribution to Syria's overall balance of payments position during the period 1964-71. An econometric model is developed, with explanatory functions for the demand and supply of foreign exchange, together with a function explaining the rate-setting behavior of the Syrian authorities. The model is applied to one major period

Paul M. Dickie; David B. Noursi

1975-01-01

345

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

EPA Science Inventory

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

346

Synthetic Indicators of Quality of Life in Europe  

ERIC Educational Resources Information Center

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

Somarriba, Noelia; Pena, Bernardo

2009-01-01

347

Oh No! I Got the Wrong Sign! What Should I Do?  

ERIC Educational Resources Information Center

Getting a "wrong" sign in empirical work is a common phenomenon. Remarkably, econometrics textbooks provide very little information to practitioners on how this problem can arise. The author exposits a long list of ways in which a wrong sign can occur and how it might be corrected.

Kennedy, Peter E.

2005-01-01

348

Class-Size Effects on Adolescents' Mental Health and Well-Being in Swedish Schools  

ERIC Educational Resources Information Center

This paper analyzes whether class size has an effect on the prevalence of mental health problems and well-being among adolescents in Swedish schools. We use cross-sectional data collected in year 2008 covering 2755 Swedish adolescents in ninth grade from 40 schools and 159 classes. We utilize different econometric approaches to address potential…

Jakobsson, Niklas; Persson, Mattias; Svensson, Mikael

2013-01-01

349

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

ERIC Educational Resources Information Center

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

Lindert, Peter H.

2009-01-01

350

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

ERIC Educational Resources Information Center

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

Pugh, Geoff; Telhaj, Shqiponje

2008-01-01

351

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

352

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

ERIC Educational Resources Information Center

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

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

2010-01-01

353

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

ERIC Educational Resources Information Center

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

Foster, Gigi

2009-01-01

354

The Cost-Effectiveness of Raising Teacher Quality  

ERIC Educational Resources Information Center

Econometric studies suggest that student achievement may be improved if high-performing teachers are substituted for low-performing teachers. Drawing upon a recent study linking teacher performance on licensure exams with gains in student achievement, an analysis was conducted to determine the cost-effectiveness of requiring teacher applicants to…

Yeh, Stuart S.

2009-01-01

355

The Effect of Training on Productivity: The Transfer of On-the-Job Training from the Perspective of Economics  

ERIC Educational Resources Information Center

Although the transfer of on-the-job training to the workplace belongs to the realm of educational research, it is also highly related to labour economics. In the economic literature, the transfer of training is based on the theoretical framework of human capital theory and has been extensively analysed empirically in econometric studies that take…

De Grip, Andries; Sauermann, Jan

2013-01-01

356

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

ERIC Educational Resources Information Center

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

Nurnberg, Peter; Schapiro, Morton; Zimmerman, David

2010-01-01

357

Introduction to Statistical Methods in Economics - Lecture Notes  

NSDL National Science Digital Library

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

Mit

358

Be as Careful of the Company You Keep as of the Books You Read: Peer Effects in Education and on the Labor Market. NBER Working Paper No. 14948  

ERIC Educational Resources Information Center

In this paper we investigate whether peers' behavior influences the choice of college major, thus contributing to the mismatch of skills in the labor market. Using a newly constructed dataset, we are able to identify the endogenous effect of peers on such decisions through a novel identification strategy that solves the common econometric problems…

DeGiorgi, Giacomo; Pellizzari, Michele; Redaelli, Silvia

2009-01-01

359

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

ERIC Educational Resources Information Center

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

London, Jonathan D.

2006-01-01

360

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

361

School Cost Functions: A Meta-Regression Analysis  

ERIC Educational Resources Information Center

The education cost literature includes econometric studies attempting to determine economies of scale, or estimate an optimal school or district size. Not only do their results differ, but the studies use dissimilar data, techniques, and models. To derive value from these studies requires that the estimates be made comparable. One method to do…

Colegrave, Andrew D.; Giles, Margaret J.

2008-01-01

362

AGRICULTURAL SIMULATION MODEL (AGSIM)  

EPA Science Inventory

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

363

Dreams Deferred? The Relationship between Early and Later Postsecondary Educational Aspirations among Racial/Ethnic Groups  

ERIC Educational Resources Information Center

This study uses data from the Educational Longitudinal Study of 2002 to test a conceptual model that integrates aspects of sociological and econometric frameworks into a traditional status attainment model for educational aspirations. Using descriptive and logistic analyses, this study advanced understanding of the patterns and stability of…

Cooper, Michelle Asha

2009-01-01

364

Analyzing the Cost-Effectiveness of Instruction Expenditures towards High School Completion among Oahu's Public School Districts  

ERIC Educational Resources Information Center

The following study attempted to ascertain the instructional cost-effectiveness of public high school teachers towards high school completion through a financially based econometric analysis. Essentially, public high school instruction expenditures and completer data were collected from 2000 to 2007 and bivariate interaction analyzed through a…

Ng, Larson S. W. M.

2011-01-01

365

ECONOMIC AND ENERGY ANALYSES OF REGIONAL WATER POLLUTION CONTROL  

EPA Science Inventory

Two strategic approaches to water quality control in Oregon's Willamette River are presently being utilized: point source treatment and flow augmentation from reservoirs. Input/Output analysis (I/O) provides an econometric methodology to study direct and indirect energy response ...

366

The Determinants of College Student Retention  

ERIC Educational Resources Information Center

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

Guerrero, Adam A.

2010-01-01

367

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

ERIC Educational Resources Information Center

Uses simulated data to assess the adequacy of two econometric and linear-programming techniques (data-envelopment analysis and corrected ordinary least squares) for measuring performance-based school reform. In complex data sets (simulated to contain measurement error and endogeneity), these methods are inadequate efficiency measures. (Contains 40…

Bifulco, Robert; Bretschneider, Stuart

2001-01-01

368

Education Returns of Wage Earners and Self-Employed Workers: Response  

ERIC Educational Resources Information Center

This is a response to [Jordahl, H., Poutvaara, P., & Tuomala, J. (2009). Comment on education returns of wage earners and self-employed workers. "Economics of Education Review" 28]. We acknowledge that econometrics have improved since the time our original paper was written, so that the choice of accurate instruments is now more deeply founded.…

Garcia-Mainar, Inmaculada; Montuenga-Gomez, Victor M.

2009-01-01

369

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

NASA Technical Reports Server (NTRS)

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

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

2012-01-01

370

Overskilling Dynamics and Education Pathways  

ERIC Educational Resources Information Center

This paper uses panel data and econometric methods to estimate the incidence and the dynamic properties of overskilling among employed individuals. The paper begins by asking whether there is extensive overskilling in the labour market, and whether overskilling differs by education pathway. The answer to both questions is yes. The paper continues…

Mavromaras, Kostas; McGuinness, Seamus

2012-01-01

371

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

ERIC Educational Resources Information Center

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

Kuziemko, Ilyana

2006-01-01

372

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

ERIC Educational Resources Information Center

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

Xu, Yonghong Jade

2013-01-01

373

Modeling and simulation  

SciTech Connect

This book presents the papers given at a conference on computerized simulation. Topics considered at the conference included expert systems, modeling in electric power systems, power systems operating strategies, energy analysis, a linear programming approach to optimum load shedding in transmission systems, econometrics, simulation in natural gas engineering, solar energy studies, artificial intelligence, vision systems, hydrology, multiprocessors, and flow models.

Hanham, R.; Vogt, W.G.; Mickle, M.H.

1986-01-01

374

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

375

A Tool To Assess Journal Price Discrimination.  

ERIC Educational Resources Information Center

The author designed an experiment to determine whether periodical price inflation might be dampened by electronic scholarship. This article discusses results of an econometric analysis of prices for 859 periodical titles for three consecutive years, and concludes with a description of an analytical tool that may be used to assess journal prices.…

Meyer, Richard W.

2001-01-01

376

Survey of conditional energy demand models for estimating residential unit energy consumption coefficients. Final report  

SciTech Connect

Several recent econometric studies of residential energy use are reviewed. These studies specify residential energy use as the sum of energy use in each of several household appliances (including space conditioning systems). The energy used in each of the enumerated appliances (e.g., end-uses) is called its unit energy consumption (UEC) coefficient. Most of the studies use household survey data combined with utility billing records. In general, the UEC coefficients are parameterized as functions of weather conditions, household income, the size of the dwelling, the demographic composition of the household, the price of energy, and other variables from the survey data. A few of the studies have explored the econometric issues of demand analysis under the block tariff schedules prevalent in the utility industry. Some studies report price elasticities or income elasticities or both for specific end-uses. These studies show that such econometric estimation is a successful and efficient tool for measuring electricity consumption by end-use. Their results are compared with engineering estimates from other extant studies. Results from these econometric UEC models have improved the accuracy and end-use detail of the energy forecasting models of some utilities.

Lawrence, A.G.; Parti, M.

1984-02-01

377

Handbook of the Economics of Education. Volume 3  

ERIC Educational Resources Information Center

How does education affect economic and social outcomes, and how can it inform public policy? Volume 3 of the Handbooks in the Economics of Education uses newly available high quality data from around the world to address these and other core questions. With the help of new methodological approaches, contributors cover econometric methods and…

Hanushek, Eric A., Ed.; Machin, Stephen J., Ed.; Woessmann, Ludger, Ed.

2011-01-01

378

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

ERIC Educational Resources Information Center

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

Round, David K.

2007-01-01

379

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

ERIC Educational Resources Information Center

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

Eide, Eric R.; Showalter, Mark H.

2011-01-01

380

ENVIRONMENTAL ECONOMICS FOR WATERSHED RESTORATION  

EPA Science Inventory

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

381

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

382

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

ERIC Educational Resources Information Center

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

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

2011-01-01

383

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

ERIC Educational Resources Information Center

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

Strayhorn, Terrell L.

2008-01-01

384

The Ratio of Public Investment in Education in China  

ERIC Educational Resources Information Center

Based on cross-section data worldwide and time series data in China, the essay is intended to make an analysis of the factors which have impacts on the ratio of public investment in education by using econometric models and then the future ratio may be predicted. Conclusions are as follows. First, the proportion of fiscal revenue to GDP (gross…

Liu, Zeyun; Yuan, Liansheng

2007-01-01

385

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

ERIC Educational Resources Information Center

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

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

2011-01-01

386

A Comparison of Alternative Specifications of the College Attendance Equation with an Extension to two-stage Selectivity-Correction Models.  

ERIC Educational Resources Information Center

Estimates a college-attendance equation for a common set of students (from the High School and Beyond Survey) using three popular econometric specifications: the multinomial logit, the ordered probit, and the bivariate probit. Estimated marginal effects do not differ significantly across the three specifications. Choice of specification may not…

Hilmer, Michael J.

2001-01-01

387

Wage Determinants among Medical Doctors and Nurses in Spain  

ERIC Educational Resources Information Center

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

Salas-Velasco, Manuel

2010-01-01

388

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

ERIC Educational Resources Information Center

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

Costrell, Robert; Hanushek, Eric; Loeb, Susanna

2008-01-01

389

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

390

The Sources and Uses of Annual Giving at Selective Private Research Universities and Liberal Arts Colleges.  

ERIC Educational Resources Information Center

Econometric analysis uses data from a panel of selected private research universities and liberal-arts colleges that span a 31-year period to provide explanations for differences across institutions in the sources and uses of giving. Finds, for example, that richer institutions devote a larger share of their annual giving to further building their…

Ehrenberg. R. G.; Smith, C. L.

2003-01-01

391

Modeling EU electricity market competition using the residual supply index  

SciTech Connect

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

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

2010-11-15

392

75 FR 42134 - United States v. Keyspan Corporation; Public Comments and Response on Proposed Final Judgment  

Federal Register 2010, 2011, 2012, 2013

...Economics. 2. I received a Ph.D. in Economics from the University of California at Berkeley (1985), with fields in econometrics and labor economics. I have a B.A. in Physical Science and a BA. in Economics, also from the University of...

2010-07-20

393

School Effects that Shape Students' Intentions To Stay on in Education.  

ERIC Educational Resources Information Center

Econometric estimations using Bradford Youth Cohort data investigated influences on intention to continue education after age 16. Fixed effects nominal logit regression analyses identified significant effects of school quality, teachers' advice, work experience, neighborhood income, and ability. (Contains 37 references.) (SK)

Thomas, Wayne; Webber, Don J.; Walton, Fiona

2003-01-01

394

The Demand for Higher Education in the Netherlands, 1950-1999  

ERIC Educational Resources Information Center

This paper investigates the role of economic factors in the university enrollment decision for the post-war period in The Netherlands. We include those factors standing at the heart of the idea that education is an investment. The econometric results suggest that students are not responsive to tuition fees, but financial support (the sum of loans…

Canton, Erik; de Jong, Frank

2005-01-01

395

Teaching Statistics in an Activity Encouraging Format  

ERIC Educational Resources Information Center

In a statistics course for bachelor students in econometrics a new format was adopted in which students were encouraged to study more actively and in which cooperative learning and peer teaching was implemented. Students had to work in groups of two or three students where each group had to perform certain tasks. One of these tasks was: explaining…

Knypstra, Sytse

2009-01-01

396

From Data to Bonuses: A Case Study of the Issues Related to Awarding Teachers Pay on the Basis of Their Students' Progress. Working Paper 2008-14  

ERIC Educational Resources Information Center

A key component to the new wave of performance-based pay initiatives is the use of student achievement data to evaluate teacher performance. As greater amounts of student achievement data are being collected, researchers have been developing and applying innovative statistical and econometric models to longitudinal data to develop measures of an…

McCaffrey, Daniel F.; Han, Bing; Lockwood, J. R.

2008-01-01

397

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

ERIC Educational Resources Information Center

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

Nurnberg, Peter; Schapiro, Morton; Zimmerman, David

2012-01-01

398

Jackknife instrumental variables estimation: replication and extension of angrist, imbens and krueger (1999)  

Microsoft Academic Search

I replicate most of the results in Angrist, Imbens, and Krueger (Journal of Applied Econometrics 1999; 14: 57-67), point to a possible error in and re-estimate Model 3, and analyze some simple extensions. The programming code, data, and results are available at

Anton Nakov

2010-01-01

399

Was Germany ever united? Borders and domestic trade, 1885 - 1933  

Microsoft Academic Search

Was Germany ever united? Given the historical circumstances of Germanys unification in the 19th century there is no obvious answer to this question. But such an answer can affect the prospects of the post-1989 unification process, and beyond this of European integration. We provide an econometric analysis of Germanys economic integration across various internal borders from the foundation of the

Nikolaus Wolf

2006-01-01

400

Technology change in US iron and steel production  

Microsoft Academic Search

Recent calls for sustainable practices in industry have highlighted the need to assess the interrelationships between changes in industrial material and energy use, availability and quality of material and energy sources, and emissions. This study provides such an assessment for the US iron and steel industry. It quantifies these relationships using econometric time series analysis of aggregate industry behaviour. The

Matthias Ruth

1995-01-01

401

Event history and survival analysis in the social sciences II. Advanced applications and recent developments  

Microsoft Academic Search

A previous paper (Hutchison, 1988) in this journal has provided an introduction to the basic concepts of survival and event history analysis, originally developed in medical research, econometrics and engineering, and argued the case for their wider application in the social sciences. This paper introduces some further complications that the researcher is likely to meet, and offers some guidelines for

Dougal Hutchison

1988-01-01

402

Costs and Benefits of Preventing Workplace Accidents  

Microsoft Academic Search

This paper provides a cost-benefit analysis of the passage from a mechanical to a manual handling system that took place in the early 1990s at the Société des Alcools du Québec warehouse in Montreal. In particular, this change was aimed at reducing workplace accidents among packers. After evaluating the costs of the program, we present a rigorous econometric analysis to

Paul Lanoie; Louis Trottier

1998-01-01

403

Handing Over the Keys: A Perspective on Mortgage Default Research  

Microsoft Academic Search

This paper is the text of the 1992 Presidential Address for the American Real Estate and Urban Economics Association. A comparative evaluation of mortgage default research finds that both the residential and commercial markets evolved from informal underwriting rules, to formalized (though unvalidated) ratios and rules of thumb, to early risk ratings based upon empirical evidence, to gener-alizable econometric models

Kerry D. Vandell

1993-01-01

404

The Effect of New Political Administration on Federal Government Productivity and Employment  

Microsoft Academic Search

There have been a number of econometric studies of the effect of changes in management and control on the productivity and employment of private,but not but not of public, enterprises. This paper examines the impact of changes in political administration on the productivity and employment of the entire executive branch of the U.S. government using data compiled under the Bureau

Frank R. Lichtenberg

1996-01-01

405

On the Predictability of Kibbutz Financial Distress: A Principal Component Analysis with Bootstrap Confidence Intervals  

Microsoft Academic Search

This paper proposes an econometric model for conditional forecasting of kibbutz financial distress for a range of one to three years. The primary interest in examining the economic performance of the kibbutz is that its driving characteristic is collective rather than individual profit-maximizing. Thus, this study contributes to bridging the gap between literature on labor-managed firms and the theoretical and

Arieh Avishur; Yigal Tsoref

2001-01-01

406

New Global Tea Model: Specification, Estimation, and Simulation.  

National Technical Information Service (NTIS)

The econometric model of the world tea economy represents an advance on previous models for perennial crops in several respects: the use of a conceptual framework based on the vintage production model; the detailed modelling of the supply side to incorpor...

T. Akiyama P. K. Trivedi

1987-01-01

407

Credit risk assessment using a multicriteria hierarchical discrimination approach: A comparative analysis  

Microsoft Academic Search

Corporate credit risk assessment decisions involve two major issues: the determination of the probability of default and the estimation of potential future benefits and losses for credit granting. The former issue is addressed by classifying the firms seeking credit into homogeneous groups representing different levels of credit risk. Classification\\/discrimi- nation procedures commonly employed for such purposes include statistical and econometric

Michael Doumpos; K. Kosmidou; George Baourakis; Constantin Zopounidis

2002-01-01

408

Are supermarket shoppers attracted to specialty merchandise rewards?  

Microsoft Academic Search

Purpose – The aim is to examine whether supermarkets may be losing the opportunity to increase customer purchase outlays by means of loyalty points, convertible to acquire specialty goods and services provided by “bonus partners”. Design\\/methodology\\/approach – Two econometric models were constructed from data collected from 470 supermarket shoppers in one major Australian city, to predict mechanisms for making shoppers

Mario J. Miranda; László Kónya

2008-01-01

409

Adoption and Abandonment of Organic Farming: An Empirical Investigation of the Irish Drystock Sector  

Microsoft Academic Search

The adoption and possible abandonment of organic farming has yet received little attention in the literature. As time plays an important role in explaining farming decisions, a dynamic econometric framework, namely duration analysis, is used. The probability of entry to and exit of the organic drystock sector is modeled considering a wide range of economic and non?economic factors. Organic support

Doris Lapple; Trevor Donnellan

2009-01-01

410

Explaining Cointegration Analysis: Part 1  

Microsoft Academic Search

'Classical' econometric theory assumes that observed data come from a stationary process, where means and variances are constant over time. Graphs of economic time series, and the historical record of economic forecasting, reveal the invalidity of such an assumption. Consequently, we discuss the importance of stationarity for empirical modeling and inference; describe the effects of incorrectly assuming stationarity; explain the

David F. Hendry; Katarina Juselius

2000-01-01

411

Property Rights and Institutions: Evidence from Marriage Contracts  

Microsoft Academic Search

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

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

412

Employment Growth and Income Inequality: Accounting for Spatial and Sectoral Differences  

Microsoft Academic Search

This paper revisits the inequality-growth relationship accounting for sectoral differences and focusing on US counties. For 8 two-digit industries of the NAICS classification, we estimated a conditional growth model where employment growth depends on regional income inequality and a number of control variables. Spatial econometrics techniques are used to account for spatial dependence. Results indicate that there is no association

Valerien O. Pede; Raymond J. G. M. Florax; Mark D. Partridge

2009-01-01

413

Output gaps and monetary policy in the EMU area 1 The views expressed are solely our own, and not necessarily those of the BIS or the ECB. 1  

Microsoft Academic Search

Several considerations suggest that the ECB may respond to EMU-wide output gaps in setting policy: estimated reaction functions indicate that central banks respond to output gaps; a Taylor rule in which the central bank responds to inflation and the gap accounts for recent movements in interest rates in the EMU-area; and optimal control exercises conducted in estimated econometric models suggest

Stefan Gerlach; Frank Smets

1999-01-01

414

Time irreversible copula-based Markov Models  

Microsoft Academic Search

Economic and financial time series frequently exhibit time irreversible dynamics. For instance, there is considerable evidence of asymmetric fluctuations in many macroeconomic and financial variables, and certain game theoretic models of price determination predict asymmetric cycles in price series. In this paper we make two primary contributions to the econometric literature on time reversibility. First, we propose a new test

Brendan K. Beare; Juwon Seo

2012-01-01

415

Estimating the Determinants of Employee Performance.  

ERIC Educational Resources Information Center

Applies recent econometric research on sample selection problems to the employee selection problem. A model of selection and subsequent performance and an estimation strategy are presented; the data--personnel files of applicants for supervisory positions at a nondurable manufacturing firm-- are described; and empirical results and conclusions are…

Brown, Charles

1982-01-01

416

Lessons in Reading Reform: Finding What Works. Technical Appendix  

ERIC Educational Resources Information Center

This technical appendix provides more detail on the reading reforms implemented under the Blueprint for Student Success project in the San Diego Unified School District (SDUSD) between 2000 and 2005. It provides details on the dataset, the econometric methods the authors employed, and the results, which are also detailed and discussed in the main…

Betts, Julian R.; Zau, Andrew C.; Koedel, Cory

2010-01-01

417

Learning in Artificial Neural Networks: A Statistical Perspective  

Microsoft Academic Search

The premise of this article is that learning procedures used to train artificial neural networks are inherently statistical techniques. It follows that statistical theory can provide considerable insight into the properties, advantages, and disadvantages of different network learning methods. We review concepts and analytical results from the literatures of mathematical statistics, econometrics, systems identification, and optimization theory relevant to the

Halbert White

1989-01-01

418

Road Pricing for Heavy Goods Vehicles Transport. Assessing the Economic Impact in a Disaggregated Macroeconometric Model  

Microsoft Academic Search

The paper assesses the economic impact of a toll imposed on heavy-goods vehicles proportional to distance driven. The macroeconomic impact of the toll is estimated by using the disaggregated econometric model MULTIMAC of the Austrian economy. The assumption is that all toll revenues will be invested in the network of motorways. The toll is implemented in the model by using

Kurt Kratena; Wilfried Puwein

2002-01-01

419

Patents and R&D: Is There A Lag?  

Microsoft Academic Search

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

Bronwyn H. Hall; Jerry A. Hausman

1986-01-01

420

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

Microsoft Academic Search

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

Linghui Tang; Shawkat Hammoudeh

2002-01-01

421

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

Microsoft Academic Search

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

Graham Bird; Dane Rowlands

2001-01-01

422

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

Microsoft Academic Search

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

Jaime Marquez; Lisa Workman

2001-01-01

423

East-West migration in Europe: can migration theories help estimate the numbers?  

PubMed

"In this article, we discuss the types of scientific knowledge that could be used to estimate migration flows." Theories from the disciplines of economics, geography, geopolitics, sociology, demography, econometrics, and history are reviewed. The authors find that "each field provides a partial explanation of...migration flows." The geographical focus is on Europe. PMID:12286068

Oberg, S; Wils, A B

1992-01-01

424

FISCAL FORESIGHT AND INFORMATION FLOWS  

Microsoft Academic Search

Fiscal foresight---the phenomenon that legislative and implementation lags ensure that private agents receive clear signals about the tax rates they face in the future---is intrinsic to the tax policy process. This paper develops an analytical framework to study the econometric implications of fiscal foresight. Simple theoretical examples show that foresight produces equilibrium time series with nonfundamental representations, which misalign the

Todd B. Walker Shu-Chun Susan Yang Eric M. Leepr

2008-01-01

425

Fiscal Foresight and Information Flows  

Microsoft Academic Search

Fiscal foresight -- the phenomenon that legislative and implementation lags ensure that private agents receive clear signals about the tax rates they face in the future -- is intrinsic to the tax policy process. This paper develops an analytical framework to study the econometric implications of fiscal foresight. Simple theoretical examples show that foresight produces equilibrium time series with nonfundamental

Eric M. Leeper; Todd B. Walker; Shu-Chun Susan Yang

2009-01-01

426

Discrete choice models for nonignorable missing data  

Microsoft Academic Search

In econometrics, the data sets available for the practitioner have often some missing values. This paper suggests a likelihood-based unied approach to deal with several nonig- norable missing data problems when the variable of interest is discrete and the probability of response conditional on the variable of interest is independent of the covariates. In partic- ular, we address the case

Esmeralda A. Ramalho; Richard J. Smith

2002-01-01

427

Income Distribution Changes and their Impact in the Post-World War II Period  

Microsoft Academic Search

This paper analyses the trends in within-country inequality during the post- World War II period, with particular attention to the last 20 years, on the basis of a review of the relevant literature and of an econometric analysis of inequality trends in 73 countries accounting for 80 per cent of the world's population and 91 per cent of world GDP-PPP.

Giovanni Andrea Cornia; Tony Addison; Sampsa Kiiski

2003-01-01

428

RELIABILITY AT RISK The supervision of financial models as a case study for reflexive economic sociology  

Microsoft Academic Search

This article focuses on financial 'model risk' supervision as a test case for a reflexive approach to the sociology of contemporary financial markets. Model risk is customarily defined as a statistically significant relation between the expectation of a trading loss by a firm and its strategic use of, somehow flawed, econometric models for asset pricing and market trading purposes. It

A. Javier Izquierdo

2001-01-01

429

Longitudinal Analyses of the Effects of Trade Unions  

Microsoft Academic Search

This paper examines how measurement error biases longitudinal estimates of union effects. It develops numerical examples, statistical models, and econometric estimates which indicate that measurement error is a major problem in longitudinal data sets, so that longitudinal analyses do not provide the research panacea for determining the effects of unionism (or other economic forces) some have suggested. There are three

Richard Barry Freeman

1984-01-01

430

Natural gas in the EEC domestic sector: industrial structure analysis and demand modelization.  

National Technical Information Service (NTIS)

In the first part of this report, the why and how the strongly integrated gas industry structure allowed the domestic gas demand development are explained. An econometric model is used to examine other parameter effects. In the second part, consumer behav...

I. Cadoret

1991-01-01

431

Testing Market Efficiency: Evidence from the NFL Sports Betting Market  

Microsoft Academic Search

This article examines the efficiency of the National Football League betting market. The standard ordinary least squares regression methodology is replaced by a probit model. This circumvents potential econometric problems, and allows the authors to implement more sophisticated betting strategies where bets are placed only when there is a relatively high probability of success. In-sample tests indicate that probit-based betting

Philip K Gray; Stephen F Gray

1997-01-01

432

Price Uncertainty and Consumer Search: A Structural Model of Consideration Set Formation  

Microsoft Academic Search

We offer an econometric framework that models consumer's consideration set formation as an outcome of her costly information search behavior. Because frequently purchased products are characterized by frequent price promotions of varying depths of discounts, a consumer faces significant uncertainty about the prices of the brands. The consumers engage in a fixed-sample search strategy that results in their discovering the

Nitin Mehta; Surendra Rajiv; Kannan Srinivasan

2003-01-01

433

Specification of a long run transit cost function to estimate input bias from subsidies  

Microsoft Academic Search

The common econometric approach to the study of subsidy impacts on costs does not consider the changes in the ratios of the marginal products of the inputs brought about by the subsidies and which affect the cost function. Instead, this approach includes subsidies as an explanatory variable in the cost function. This paper presents an alternative approach that explicitly considers

Kofi Obeng

1994-01-01

434

COMPONENTS OF PUBLIC EXPENDITURES AND PRIVATE INVESTMENT IN MALAYSIA  

Microsoft Academic Search

The paper empirically analyzes private investment- public expenditure relations for Malaysia. In the analysis, public expenditures are disaggregated using three different divisions, namely, (i) public investment and public consumption, (ii) public current expenditure and development expenditure, and (iii) military and non-military expenditures. Using standard econometric methods of time series, we find evidence for the long-run relations between private investment and

Mansor H. Ibrahim

2008-01-01

435

Theoretically consistent temporal ordering specification in spatial hedonic pricing models applied to the valuation of aircraft noise  

Microsoft Academic Search

Incorporating spatial econometric tools in hedonic pricing (HP) models for environmental valuation has become the standard approach in the literature. The effect of house prices on other house prices is taken into account and usually measured by distance or contiguity in spatial weight matrices. Disaggregate house sale datasets are composed from observations each at a specific location and time. Nevertheless,

Sotirios Thanos; Abigail L. Bristow; Mark R. Wardman

2012-01-01

436

Managing hedonic housing price indexes: The French experience  

Microsoft Academic Search

Despite their theoretical advantages, hedonic housing price indexes are not so commonly computed by statistical agencies or real estate professionals. Many published indexes still rely on mean or median prices, or favor repeat-sales methods, which require less information about the attributes of the housing units and less econometric expertise on the part of the index compilers, but may be less

Christian Gouriéroux; Anne Laferrère

2009-01-01

437

Diamond Wars? Conflict Diamonds and Geographies of Resource Wars  

Microsoft Academic Search

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

Philippe Le Billon

2008-01-01

438

Consumption, Income, and Interest Rates: Reinterpreting the Time Series Evidence  

Microsoft Academic Search

The study of aggregate consumption behavior was profoundly altered by the rational expectations revolution in macroeconomics. The first exam- ple in Robert Lucas's (1976)influential critique of econometric policy eval- uation involved consumption. Lucas argued that traditional consumption functions, no matter how well they fit the data, were not useful for evaluat- ing the effects of alternative policies. Soon thereafter, Robert

John Y. Campbell; N. Gregoy Mankiw

1989-01-01

439

Unionism and Productivity in West Virginia Coal Mining.  

ERIC Educational Resources Information Center

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

Boal, William M.

1990-01-01

440

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

ERIC Educational Resources Information Center

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

Khandker, Shahidur R.; And Others

441

The Economics of Football  

Microsoft Academic Search

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

Stephen Dobson; John Goddard

2001-01-01

442

Macroeconomic Implications of the Earned Income Tax Credit  

Microsoft Academic Search

Changes in the monthly pattern of Earned Income Tax Credit disbursements over the last two decades identify a large macroeconomic consumption response from EITC checks. This paper recovers a large and significant MPC out of EITC disburse- ments based on an array of macroeconomic data and econometric specifications. Point estimates of the contemporaneous consump- tion response average 0.7 and do

Ryan D. Edwards

443

ARIMA forecasting of primary energy demand by fuel in Turkey  

Microsoft Academic Search

Forecasting of energy demand in emerging markets is one of the most important policy tools used by the decision makers all over the world. In Turkey, most of the early studies used include various forms of econometric modeling. However, since the estimated economic and demographic parameters usually deviate from the realizations, time-series forecasting appears to give better results. In this

Volkan ?. Ediger; Sertaç Akar

2007-01-01

444

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

Microsoft Academic Search

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

Andreas Papatheodorou; Zheng Lei

2006-01-01

445

No Such Thing as a Free Safe Lunch: The Cost of Food Safety Regulation in the Meat Industry  

Microsoft Academic Search

This study develops theoretical and econometric cost function models for the meat industry to test the hypothesis of safety exogeneity, i.e., that product safety does not affect productive efficiency. Using plant-level data from the Census of Manufactures, this hypothesis is rejected. Estimates of the impacts of food safety regulation on variable cost of production in the beef, pork, and poultry

John M. Antle

2000-01-01

446

Personal Labor Supply: An Estimation of a Probabilistic Teacher Labor Supply Function. Occasional Paper in Educational Policy Analyis No. 416.  

ERIC Educational Resources Information Center

This paper presents the methods and results of a probabilistic teacher labor supply model. It uses both qualitative research findings and econometric methods to estimate the number of teachers with specified characteristics under various policy conditions, especially teacher salaries and supervision received. A review of selected relevant…

Douglas, Stratford; Bird, Ronald E.

447

Simulation-based estimation of peer eects  

Microsoft Academic Search

The influence of peer behavior on an individual's choices has received renewed interest in recent years. However, accurate measures of this influence are dicult to obtain. Standard reduced-form methods lead to upwardly biased estimates due to simultaneity, common shocks, and nonrandom peer group selection. This paper describes a structural econometric model of peer eects in binary choice, as well as

Brian Krauth

448

HERMES: Results of the Interfuel Substitution Model in Greece.  

National Technical Information Service (NTIS)

The paper is the final report for the energy part of the HERMES project. Interfuel substitution in the Greek economy is studied using an econometric model, which utilizes the translog cost function. Four major sectors of the Greek economy are examined: Tr...

J. E. Samouilidis A. S. Vlachou G. N. Mentjas

1985-01-01

449

Government revenue, government expenditure, and temporal causality: evidence from China  

Microsoft Academic Search

Dissatisfied with little evidence provided on various hypotheses concerning the revenue-expenditure relation in China, this paper is an empirical endeavour to fill the gap through a battery of econometric tests for causality based on vector error correction and vector autoregression models. A more comprehensive testing strategy for unit roots and cointegration has been suggested, and a bidirectional causality pattern has

Xiaoming Li

2001-01-01

450

Sensitivity of technical efficiency estimates to estimation approaches: An investigation using New Zealand dairy industry data  

Microsoft Academic Search

Using data from the New Zealand dairy industry for the year 1993, this paper estimates farm-specific technical efficiencies and mean technical efficiency using three different estimation techniques under both constant returns to scale and variable returns to scale in production. The approaches used are the econometric stochastic production frontier (SPF), corrected ordinary least squares (COLS) and data envelopment analysis (DEA).

Mohammad Jaforullah; Erandi Premachandra

2004-01-01

451

A dynamic analysis of the size distribution of firms: The case of the US dairy industry  

Microsoft Academic Search

This article develops a time-varying Markov process of the aggregate size distribution of firms in an industry. This is used to specify and estimate an econometric model of the regional evolution of the number and size of US dairy farms. The empirical results provide evidence concerning the effects of milk price and feed cost on the structure of dairy production

Jean-Paul Chavas; Gilbert Magand

1988-01-01

452

Using Quantile Regression for Duration Analysis  

Microsoft Academic Search

Quantile regression methods are emerging as a popular technique in econometrics and biometrics for exploring the distribution of duration data. This paper discusses quantile regression for duration analysis allowing for a flexible specification of the functional relationship and of the error distribution. Censored quantile regression address the issue of right censoring of the response variable which is common in duration

Bernd Fitzenberger; Ralf A. Wilke

2005-01-01

453

Wealth Shocks and Retirement Timing: Evidence from the Nineties  

Microsoft Academic Search

This paper explores whether the timing of retirement responds to unexpected changes in wealth. Although the normality of leisure is a standard assumption in economic models, econometric support for it has not been consistent. The period of the 1990s allows a reexamination of this question because of the large and unexpected capital gains realized by many households. Using the 1992

Purvi Sevak

2002-01-01

454

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

Microsoft Academic Search

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

Michael R. Rahm; Wallace E. Huffman

1984-01-01

455

Linking Land-Use Projections and Forest Fragmentation Analysis.  

National Technical Information Service (NTIS)

An econometric model of private land-use decisions is used to project land use to 2030 for each county in the continental United States. On a national scale, forest area is projected to increase overall between 0.1 and 0.2 percent per year between now and...

A. J. Plantinga D. J. Lewis H. Eichman R. J. Alig

2007-01-01

456

Improved nonparametric confidence intervals in time series regressions  

Microsoft Academic Search

Confidence intervals in econometric time series regressions suffer from notorious coverage problems. This is especially true when the dependence in the data is noticeable and sample sizes are small to moderate, as is often the case in empirical studies. This article suggests using the studentized block bootstrap and discusses practical issues such as the choice of the block size. A

Joseph P. Romano; Michael Wolf

2006-01-01

457

Environmental taxation and unemployment: Some evidence on the ‘double dividend hypothesis’ in Europe  

Microsoft Academic Search

The employment ‘double dividend hypothesis’ suggests that an appropriately designed fiscal reform, in which emission charges are used to subsidize employers' social security contributions, may realize (at least) two relevant policy goals: a better quality of the environment and, at the same time, an increase in employment levels. This paper uses a newly developed econometric general equilibrium model for the

Carlo Carraro; Marzio Galeotti; Massimo Gallo

1996-01-01

458

DISCRIMINATION IN THE SMALL-BUSINESS CREDIT MARKET  

Microsoft Academic Search

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

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

2001-01-01

459

Does Diversification Cause the \\  

Microsoft Academic Search

I examine whether the discount of diversified firms can actually be attributed to diversification itself,using recent econometric developments about causal inference. The value effect of diversification isunbiasedly estimated by matching diversified and specialized firms on the propensity score----thepredicted values from a probit model of the propensity to diversify. I apply this method on a sample ofdiversified firms that trade at

Belén Villalonga

2001-01-01

460

The Mystery of the Vanishing Benefits: Ms. Speedy Analyst's Introduction to Evaluation  

Microsoft Academic Search

July 1999This entertaining introduction to the concepts and methods of impact evaluation - as seen through the eyes of Ms. Speedy Analyst - assumes readers are familiar with basic statistics up to regression analysis (as covered in an introductory text on econometrics).The setting for this good-natured training guide for impact evaluation is the fictional developing country Labas. Twelve months ago

Martin Ravallion

1999-01-01

461

Two-part fractional regression model for the demand for risky assets†  

Microsoft Academic Search

Empirical studies of household portfolio choices are often interested in quantifying the effects of various covariates on the fraction of a household's wealth invested in risky assets such as common stocks. The preferred econometric specification in these studies is the two-limit Tobit model, which can accommodate the fractional nature of the dependent variable. However, it is restrictive, because it assumes

Olena Stavrunova; Oleg Yerokhin

2012-01-01

462

Switching regression model of exports: Poland, 1989-1991  

Microsoft Academic Search

This paper considers the problem of econometric modelling of the East European Economy in transition. The description of the transition process in the Polish economy given in the paper suggests that one can distinguish two points of view on the modelling of the objects under consideration. The first focuses on the stochastic nature of changes. The second assumes the existence

Bohdan K?os

1993-01-01

463

Mixed-process models with cmp  

Microsoft Academic Search

At the heart of many econometric models is a linear function and a normal error. Examples include the classical small-sample linear regression model and the probit, ordered probit, multinomial probit, tobit, interval regression, and truncated distribution regression models. Because the normal distribution has a natural multidimensional generalization, such models can be combined into multiequation systems in which the errors share

David Roodman

2009-01-01

464

The Behavior of the Fixed Effects Estimator in Nonlinear Models  

Microsoft Academic Search

The nonlinear fixed effects models in econometrics has often been avoided for two reasons one practical, one methodological. The practical obstacle relates to the difficulty of estimating nonlinear models with possibly thousands of coefficients. In fact, in a large number of models of interest to practitioners, estimation of the fixed effects model is feasible even in panels with very large

William Greene

2002-01-01

465

Estimating Fully Observed Recursive Mixed-Process Models with cmp  

Microsoft Academic Search

At the heart of many econometric models is a linear function and a normal error. Examples include the classical small-sample linear regression model and the probit, ordered probit, multinomial probit, Tobit, interval regression, and truncateddistribution regression models. Because the normal distribution has a natural multidimensional generalization, such models can be combined into multi-equation systems in which the errors share a

David Roodman

2009-01-01

466

Two-part fractional regression model for the demand for risky assets†  

Microsoft Academic Search

Empirical studies of household portfolio choices are often interested in quantifying the effects of various covariates on the fraction of a household's wealth invested in risky assets such as common stocks. The preferred econometric specification in these studies is the two-limit Tobit model, which can accommodate the fractional nature of the dependent variable. However, it is restrictive, because it assumes

Olena Stavrunova; Oleg Yerokhin

2011-01-01

467

A comparison of statistical tests for the adequacy of a neural network regression model  

Microsoft Academic Search

An integral part of econometric practice is to test the adequacy of model specifications. If a model is adequately specified, it should not leave interesting features of the data-generating process in the errors. Despite the common tradition, the importance of diagnostic checking as a safeguard against mis-specification has only recently been recognized by neural network (NN) practitioners, possibly because this

Nikos S. Thomaidis; Georgios D. Dounias

2012-01-01

468

Neural Networks for Macroeconomic Forecasting: A Complementary Approach to Linear Regression Models  

Microsoft Academic Search

In recent years, neural networks have received an increasing amount of attention among macroeconomic forecasters because of their potential to detect and reproduce linear and nonlinear relationships among a set of variables. This paper provides a highly accessible introduction to neural networks and establishes several parallels with standard econometric techniques. To facilitate the presentation, an empirical example is developed to

Steven Gonzalez

469

A comparison of statistical tests for the adequacy of a neural network regression model  

Microsoft Academic Search

An integral part of econometric practice is to test the adequacy of model specifications. If a model is adequately specified, it should not leave interesting features of the data-generating process in the errors. Despite the common tradition, the importance of diagnostic checking as a safeguard against mis-specification has only recently been recognized by neural network (NN) practitioners, possibly because this

Nikos S. Thomaidis; Georgios D. Dounias

2010-01-01

470

Interest rates, growth, and external debt : the macroeconomic impact of Mexico's Brady deal  

Microsoft Academic Search

Interest rates fell sharply after Mexico's Brady deal, and private investment and growth recovered. The authors show that the main benefit of debt relief was not to lower expected payments but to reduce uncertainty. Reduced uncertainty was found to be the dominant factor in explaining the positive macroeconomic response (largely because of its favorable effect on exchange rate crises). Econometrically,

Stijn Claessens; Daniel Oks; Sweder van Wijnbergen

1993-01-01

471

The Bootstrap and Multiple Imputations: Harnessing Increased Computing Power for Improved Statistical Tests  

Microsoft Academic Search

The bootstrap and multiple imputations are two techniques that can enhance the accuracy of estimated confidence bands and critical values. Although they are computationally intensive, relying on repeated sampling from empirical data sets and associated estimates, modern computing power enables their application in a wide and growing number of econometric settings. We provide an intuitive overview of how to apply

David Brownstone; Robert Valletta

2001-01-01

472

Market Evidence of Packer Willingness to Pay for Traceability  

Microsoft Academic Search

This article measures the willingness to pay for the traceability of steers. I use data on the price of steers in Quebec and Ontario to identify a demand shifter in a hedonic framework. I estimate error correction models to provide the first market-based econometric estimates of the willingness to pay for traceability. My best assessment is that a premium between

Sébastien Pouliot

2011-01-01

473

The Development of the Land Lease Market in Rural China  

Microsoft Academic Search

This paper examines the development of the land lease market in rural China. Special attention is paid to productive heterogeneity among farmers and the openness of the labor market in activating the land lease market. A theoretical model is employed to explore the underlying connections. An econometric model is implemented using a two-period panel data set gathered in three counties

Yang Yao

2000-01-01

474

Household Resources, Transaction Costs, and Adjustment through Land Tenancy  

Microsoft Academic Search

This paper examines the role of household endowments of imperfectly tradeable factors of production (e.g., male, female, child labor, and draft animals) on land leasing. An explicit attempt is made to account and test for the role of transaction costs on the incidence and extent of adjustment taking place through the land lease market. The econometric model is implemented using

Emmanuel Skoufias

1995-01-01

475

The Pace of Progress at Superfund Sites: Policy Goals and Interest Group Influence  

Microsoft Academic Search

Bureaucracies may set priorities for their workload in response to social goals or pressures from concentrated private interests. This paper explores bureaucratic priorities empirically by studying Superfund, the federal program for cleaning up contaminated sites. It examines the amount of time that sites on Superfund's National Priorities List require to complete three stages from listing to cleanup, using an econometric

Hilary Sigman

2001-01-01

476

A Comparative Application of Data Envelopment Analysis and Translog Methods: An Illustrative Study of Hospital Production  

Microsoft Academic Search

This paper compares inferences about hospital cost and production correspondences from two different estimation models: (1) the econometric modeling of the translog cost function, and (2) the application of Data Envelopment Analysis (DEA). While there are numerous examples of the application of each approach to empirical data, this paper provides insights into the relative strengths of the estimation methods by

Rajiv D. Banker; Robert F. Conrad; Robert P. Strauss

1986-01-01

477

Does class size matter?  

Microsoft Academic Search

This paper analyzes pupil-specific public school data unavailable in previous studies and applies instrumental variable econometric methods to account for non-random allocation of students to different class sizes and the endogeneity of the class size variable. By using better data and improved statistical techniques, this paper shows that there are returns to investing in smaller classes for certain students and

Karen Akerhielm

1995-01-01

478

Exact Probabilistic and Mathematical Proofs of the Relation between the Mean Number of Items per Source in the Bibliography and the Generalized 80/20-Rule.  

ERIC Educational Resources Information Center

Examines the 80/20 rule that relates to productive sources in a bibliography. Highlights include applications in library acquisition policies, library circulation and weeding policies, science policy studies, information science, and econometrics; formulae of Burrell and of Egghe; probabilistic proofs; geometric distributions; Lotka distribution;…

Egghe, L.

1993-01-01

479

A Survey on Cycles and Chaos (part II)  

Microsoft Academic Search

This paper is an extension of a previous publica- tion in the journal Historical Social Research (Vol. 26, No. 4, 2001, p. 208-219). Our treatment begins with a simple presentation of the basic notions of chaos, and then de- scribes the related econometric tools.

Claude Diebolt; Catherine Kyrtsou

480

Forecasting construction tender price index in Hong Kong using vector error correction model  

Microsoft Academic Search

Reliable short? to medium?term prediction of the tender price index (TPI) is crucial to construction stakeholders, and this has stimulated the interest of the research community to seek a more analytical method for TPI forecast. The purpose of this study is to establish an econometric model for accurately predicting the tender price movements based on a group of associated financial

James M. W. Wong; S. Thomas Ng

2010-01-01

481

A Methodology to Estimate Load and Non-Load Shares of Highway Pavement Routine Maintenance and Rehabilitation Expenditures  

Microsoft Academic Search

The present study focused on the estimation of load and non-load shares of pavement maintenance and rehabilitation expenditures. The information provides the basis for the allocation of pavement-related expenditures in a highway cost allocation study. A comprehensive database was developed in the study, and an aggregate performance approach was used based on econometric models. This approach utilizes the marginal effect

Zongzhi Li; Kumares C. Sinha

2000-01-01

482

Forecast Error Decomposition in a Nonlinear Model with Provisional Data  

Microsoft Academic Search

In this paper, we take into consideration some issues related to the use of a nonlinear structural econometric model in the presence of a data revision process. We analyse the consequences on the parameter estimation (consistency is still attainable) and on forecast. In the latter case, we show that the asymptotic bias and mean squared prediction error of the deterministic

Giampiero GALLO

1991-01-01

483

Employment and Wage Effects of the Win Tax Credit.  

National Technical Information Service (NTIS)

The Work Incentive (WIN) tax credit is described and an algorithm for calculating the effective subsidy rate is provided. A hypothesis is advanced of the operation of the tax-credit in low-skill labor markets. The results of an econometric analysis of the...

R. W. Crandall C. D. MacRae L. Y. L. Yap

1972-01-01

484

Capital punishment and deterrence: a portfolio approach  

Microsoft Academic Search

Econometric studies of the deterrence effect of capital punishment have developed models of the supply of criminal homicides which include a variable to measure the probability of capital punishment. The present study, in contrast, employs a portfolio approach in which a model is developed realting changes in the rate of homicides across states to changes in the rate of a

Dale O. Cloninger

1992-01-01

485

INEQUALITY AND CRIMINALITY REVISITED: FURTHER EVIDENCE FROM BRAZIL  

Microsoft Academic Search

The objective of this study is to shed light on the determinants of criminality in Brazil. In order to undertake it we performed an econometric model based in panel data analysis for Brazilian states: Among the major conclusions we have an important result that income inequality plays an important role in criminality. Results also showed that unemployment and urbanization are

Maria Bernadete Sarmiento Gutierrez; Mario Jorge Cardoso de Mendonça; Adolfo Sachsida; Paulo Roberto Amorim Loureiro

2004-01-01

486

Dynamics and causes of crime in Colombia  

Microsoft Academic Search

This paper adds to previous research on the causes of crime in Colombia by using a new dataset and better econometric estimations. The paper is a “meta” study on the past empirical research on crime. Based on microeconomic foundations, it tests several hypotheses on crime in Colombia. In concrete, the first finding is that drug crimes are highly correlated with

Felipe Barrera Osorio

2004-01-01

487

Effects of Energy Tax Reforms on the Production Process.  

National Technical Information Service (NTIS)

The purpose of the present study has been to analyse, with the help of an econometric simulation model, the effects of two energy tax tax reforms with regard to their impacts on the industrial demand for capital, labour, fuels, raw-materials and on the de...

H. Toermae A. Loukola

1987-01-01

488

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

Microsoft Academic Search

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

Barry McCormick; Jackline Wahba

2000-01-01

489

Leaving Teaching in the UK: A Duration Analysis  

Microsoft Academic Search

In this paper, the authors analyze the decision by teachers to leave the profession. Their results affirm the importance of relative earnings in the tenure and turnover decisions of teachers. The econometric modeling approach used yields important insights into the appropriateness of adopting a flexible, semiparametric specification of the duration dependence structure and of the unobserved heterogeneity distribution in duration

Peter J Dolton; Wilbert van der Klaauw

1995-01-01

490

An Empirical Investigation of Advertising Strategies in a Dynamic Duopoly  

Microsoft Academic Search

The equilibrium profit-maximizing advertising policies of firms operating in a dynamic duopoly are derived by linking in a single framework the econometric estimation of the market response function and the technique of differential games that characterizes dynamic competitive behavior. We use the Lanchester model of combat to represent the system dynamics that capture the competitive shifts due to investments in

Pradeep K. Chintagunta; Naufel J. Vilcassim

1992-01-01

491

Causes for an asymmetric relation between the price of crude oil and refined petroleum products  

Microsoft Academic Search

We revisit the issue of asymmetries in the relation between the price of crude oil and refined petroleum products in the United States. An econometric analysis of monthly data indicates that the asymmetric relation between the price of crude oil and motor gasoline is generated by refinery utilization rates and inventory behavior. The asymmetric relation between the price of crude

Robert K. Kaufmann; Cheryl Laskowski

2005-01-01

492

Forecast and analysis of demand for petroleum products in India  

Microsoft Academic Search

This paper analyses the demand for petroleum products in India. For this purpose, econometric models based on time series data are generated for individual products so as to capture product specific factors affecting demand. The models generated follow the non-homothetic translog functional form. The models are validated against historical data by testing them for ex post forecast accuracy. Demand forecasts

Raghavendra D Rao; Jyoti K Parikh

1996-01-01

493

Demand projections of petroleum products and natural gas in India  

Microsoft Academic Search

Indian economy has moved into a dynamic phase. It is necessary to see how energy demand will grow in this phase. In this paper, econometric models are developed for the various petroleum products separately with the aim of capturing variables that are specific to the individual fuel. This study projects the demand of fuels up to 2011–2012, end period for

Jyoti Parikh; Pallav Purohit; Pallavi Maitra

2007-01-01

494

Determinants of Employee Tardiness.  

ERIC Educational Resources Information Center

The Tobit econometrics technique was used to analyze data from the University of Michigan's Quality of Employment Survey 1972-73 regarding the correlates of work tardiness. Evidence is found that (1) marriage and experience have negative and significant effects on tardiness; (2) professionals and commuters are tardy more often than others; and (3)…

Leigh, J. Paul; Lust, John

1988-01-01

495

THE FACTORS THAT AFFECT SMOKING PROBABILITY AND SMOKING EXPENDITURES IN TURKEY  

Microsoft Academic Search

In this study, effort has been paid to determine the probability of smoking of individuals and demographic and social-economic factors that affect the size of expenditure on smoking. Cross- section data obtained from survey were used in this study. According to econometric estimation results; the factors that have significant impact on the probability of smoking are gender, graduation from higher

Sadan Caliskana

2009-01-01

496

The Cyclic Behavior of the National Office Market  

Microsoft Academic Search

A review of the post WWII data on national office building construction and vacancy, reveals a recurrent ten-twelve year cycle. Specifying and estimating a structural econometric model for these series leads to several conclusions about this commercial real estate sector. First, the office market appears to \\

William C. Wheaton

1987-01-01

497

Credit Risk Management (Cont.)  

Microsoft Academic Search

In this issue we publish the fourth part of professor Fantazzini’s consultation series on econometric analysis of financial data in risk management. This time it deals with the topic of credit risk management. After having described one-dimensional models of credit risk in the previous issue the author is analyzing multidimensional models which make it possible to assess the default probability

Dean Fantazzini

2009-01-01

498

Combined model of empirical study for credit risk management  

Microsoft Academic Search

In this paper, we studied the two most commonly used artificial intelligence methods (Multilayer Perceptron and Radial Basis Function network) to build the credit scoring model of applications, and analyzed the most important restraining factors of the applications of neural network which is the exponential increase in the variables bringing the model over-complex. On this basis, the author combines econometric

Han Lu; Han Liyan; Zhao Hongwei

2010-01-01

499

Denis Sargan: Some Perspectives  

Microsoft Academic Search

We attempt to present Denis Sargan's work in some kind of historical perspective, in two ways. First, we discuss some previous members of the Tooke Chair of Economic Science and Statistics, which was founded in 1859 and which Sargan held. Second, we discuss one of his artices 'Asymptotic Theory and Large Models' in relation to modern preoccupations with semiparametric econometrics.

Peter M Robinson

2002-01-01

500

Economic model for seaborne oil trade. Master`s thesis  

Microsoft Academic Search

This thesis aims to provide some insights as to how oil prices and oil flows might vary with the carrying capacity of the tanker fleet as affected by political events. It provides an econometric analysis of tanker freight rates in the modern era and proposes a mathematical (quadratic) programming economic model that links the crude oil market to the supply

Kian-Wah

1996-01-01