Econometric model for age- and population-dependent radiation exposures

DOE Office of Scientific and Technical Information (OSTI.GOV)

Sandquist, G.M.; Slaughter, D.M.; Rogers, V.C.

1991-01-01

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

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

NASA Astrophysics Data System (ADS)

Jiang, Lei; Ji, Minhe; Bai, Ling

2015-06-01

Coupled with intricate regional interactions, the provincial disparity of energy-resource endowment and other economic conditions in China have created spatially complex energy consumption patterns that require analyses beyond the traditional ones. To distill the spatial effect out of the resource and economic factors on China's energy consumption, this study recast the traditional econometric model in a spatial context. Several analytic steps were taken to reveal different aspects of the issue. Per capita energy consumption (AVEC) at the provincial level was first mapped to reveal spatial clusters of high energy consumption being located in either well developed or energy resourceful regions. This visual spatial autocorrelation pattern of AVEC was quantitatively tested to confirm its existence among Chinese provinces. A Moran scatterplot was employed to further display a relatively centralized trend occurring in those provinces that had parallel AVEC, revealing a spatial structure with attraction among high-high or low-low regions and repellency among high-low or low-high regions. By a comparison between the ordinary least square (OLS) model and its spatial econometric counterparts, a spatial error model (SEM) was selected to analyze the impact of major economic determinants on AVEC. While the analytic results revealed a significant positive correlation between AVEC and economic development, other determinants showed some intricate influential patterns. The provinces endowed with rich energy reserves were inclined to consume much more energy than those otherwise, whereas changing the economic structure by increasing the proportion of secondary and tertiary industries also tended to consume more energy. Both situations seem to underpin the fact that these provinces were largely trapped in the economies that were supported by technologies of low energy efficiency during the period, while other parts of the country were rapidly modernized by adopting advanced technologies and more efficient industries. On the other hand, institutional change (i.e., marketization) and innovation (i.e., technological progress) exerted positive impacts on AVEC improvement, as always expected in this and other studies. Finally, the model comparison indicated that SEM was capable of separating spatial effect from the error term of OLS, so as to improve goodness-of-fit and the significance level of individual determinants.

Bootstrapping Student Understanding of What Is Going on in Econometrics.

ERIC Educational Resources Information Center

Kennedy, Peter E.

2001-01-01

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

Factors influencing crime rates: an econometric analysis approach

NASA Astrophysics Data System (ADS)

Bothos, John M. A.; Thomopoulos, Stelios C. A.

2016-05-01

The scope of the present study is to research the dynamics that determine the commission of crimes in the US society. Our study is part of a model we are developing to understand urban crime dynamics and to enhance citizens' "perception of security" in large urban environments. The main targets of our research are to highlight dependence of crime rates on certain social and economic factors and basic elements of state anticrime policies. In conducting our research, we use as guides previous relevant studies on crime dependence, that have been performed with similar quantitative analyses in mind, regarding the dependence of crime on certain social and economic factors using statistics and econometric modelling. Our first approach consists of conceptual state space dynamic cross-sectional econometric models that incorporate a feedback loop that describes crime as a feedback process. In order to define dynamically the model variables, we use statistical analysis on crime records and on records about social and economic conditions and policing characteristics (like police force and policing results - crime arrests), to determine their influence as independent variables on crime, as the dependent variable of our model. The econometric models we apply in this first approach are an exponential log linear model and a logit model. In a second approach, we try to study the evolvement of violent crime through time in the US, independently as an autonomous social phenomenon, using autoregressive and moving average time-series econometric models. Our findings show that there are certain social and economic characteristics that affect the formation of crime rates in the US, either positively or negatively. Furthermore, the results of our time-series econometric modelling show that violent crime, viewed solely and independently as a social phenomenon, correlates with previous years crime rates and depends on the social and economic environment's conditions during previous years.

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

ERIC Educational Resources Information Center

MacRae, C. Duncan; And Others

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…

What is mLearning and How Can It Be Used to Support Learning and Teaching in Econometrics?

ERIC Educational Resources Information Center

Morales, Lucia

2013-01-01

The aim of case this study was to analyze the integration of mobile learning technologies in a postgraduate course in Finance (MSc in Finance) at Dublin Institute of Technology, where econometrics is an important course component. Previous experience with students undertaking econometrics modules supported this analysis, where the researcher…

Analyzing the Effects of Technological Change: A Computable General Equilibrium Approach

DTIC Science & Technology

1988-09-01

to obtain. One way out of this dilemma is to change slightly the interpretation of the formal model of consumer behavior which has been presented above...approach to analyzing the economy-wide effects of a phenomenon such as technological change. By focussing on aggregate producer and consumer behavior , it is... Consumer Behavior ." In R.L. Baseman and G. Rhodes, eds., Advances in Econometrics, vol. 1. Greenwich: JAI Press, 1982. Nagurney [1987] Nagurney, A

Multi-Year Revenue and Expenditure Forecasting for Small Municipal Governments.

DTIC Science & Technology

1981-03-01

Management Audit Econometric Revenue Forecast Gap and Impact Analysis Deterministic Expenditure Forecast Municipal Forecasting Municipal Budget Formlto...together with a multi-year revenue and expenditure forecasting model for the City of Monterey, California. The Monterey model includes an econometric ...65 5 D. FORECAST BASED ON THE ECONOMETRIC MODEL ------- 67 E. FORECAST BASED ON EXPERT JUDGMENT AND TREND ANALYSIS

Econometrics as evidence? Examining the 'causal' connections between financial speculation and commodities prices.

PubMed

Williams, James W; Cook, Nikolai M

2016-10-01

One of the lasting legacies of the financial crisis of 2008, and the legislative energies that followed from it, is the growing reliance on econometrics as part of the rulemaking process. Financial regulators are increasingly expected to rationalize proposed rules using available econometric techniques, and the courts have vacated several key rules emanating from Dodd-Frank on the grounds of alleged deficiencies in this evidentiary effort. The turn toward such econometric tools is seen as a significant constraint on and challenge to regulators as they endeavor to engage with such essential policy questions as the impact of financial speculation on food security. Yet, outside of the specialized practitioner community, very little is known about these techniques. This article examines one such econometric test, Granger causality, and its role in a pivotal Dodd-Frank rulemaking. Through an examination of the test for Granger causality and its attempts to distill the causal connections between financial speculation and commodities prices, the article argues that econometrics is a blunt but useful tool, limited in its ability to provide decisive insights into commodities markets and yet yielding useful returns for those who are able to wield it.

Parameterized examination in econometrics

NASA Astrophysics Data System (ADS)

Malinova, Anna; Kyurkchiev, Vesselin; Spasov, Georgi

2018-01-01

The paper presents a parameterization of basic types of exam questions in Econometrics. This algorithm is used to automate and facilitate the process of examination, assessment and self-preparation of a large number of students. The proposed parameterization of testing questions reduces the time required to author tests and course assignments. It enables tutors to generate a large number of different but equivalent dynamic questions (with dynamic answers) on a certain topic, which are automatically assessed. The presented methods are implemented in DisPeL (Distributed Platform for e-Learning) and provide questions in the areas of filtering and smoothing of time-series data, forecasting, building and analysis of single-equation econometric models. Questions also cover elasticity, average and marginal characteristics, product and cost functions, measurement of monopoly power, supply, demand and equilibrium price, consumer and product surplus, etc. Several approaches are used to enable the required numerical computations in DisPeL - integration of third-party mathematical libraries, developing our own procedures from scratch, and wrapping our legacy math codes in order to modernize and reuse them.

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

NASA Astrophysics Data System (ADS)

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

1981-05-01

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

The SRI-WEFA Soviet Econometric Model: Phase One Documentation

DTIC Science & Technology

1975-03-01

established prices. We also have an estimated equation for an end-use residual category which conceptually includes state grain reserves, other undis...forecasting. An important virtue of the econometric discipline is that it requires one first to conceptualize and estimate regularities of behavior...any de- scriptive analysis. Within the framwork of an econometric model, the analyst is able to discriminate among these "special events

The impact of corruption on the sustainable development of human capital

NASA Astrophysics Data System (ADS)

Absalyamova, Svetlana; Absalyamov, Timur; Khusnullova, Asiya; Mukhametgalieva, Chulpan

2016-08-01

The article explains the use of the human capital sustainable development index (HCSDI) to assess the quality of the reproduction of human capital. The paper provides the algorithm for calculating HCSDI and its components. Authors estimated cross-country differences of HCSDI and developed econometric model of the impact of corruption on HCSDI. The use of this model has allowed to reveal the mechanism and assess the impact of corruption on HCSDI and its components. The results of econometric analysis revealed a negative multiplier effect: an increase in the corruption of the socio-economic system of the state by 1% caused HCSDI reduce by more than 1%. The results and conclusions may be proxy-assessments of the socio-economic consequences of violations of the stability of reproduction of human capital in the conditions of the growth of corruption in the country

Spatial analysis of rural land development

Treesearch

Seong-Hoon Cho; David H. Newman

2005-01-01

This article examines patterns of rural land development and density using spatial econometric models with the application of Geographical Information System (GIS). The cluster patterns of both development and high-density development indicate that the spatially continuous expansions of development and high-density development exist in relatively remote rural areas....

Modeling the assessment of the economic factors impact on the development of social entrepreneurship

NASA Astrophysics Data System (ADS)

Absalyamov, T.; Kundakchyan, R.; Zulfakarova, L.; Zapparova, Z.

2017-12-01

The article deals with the research of modern trends in the development of social entrepreneurship in Russia. The results of the research allow the authors to identify a system of factors that affect the development of entrepreneurship in the modern Russian economy. Moreover, the authors argue the regional specificity of the development of social entrepreneurship. The paper considers specific features and formulates the main limitations of the development of entrepreneurship and the competitive environment in the social sphere. The authors suggest an econometric model for assessing the influence of economic factors on the development of socially-oriented entrepreneurship and present an algorithm for calculating its components. The results of the econometric analysis identify the main factors of the change in the performance indicators of entrepreneurial activity and determine the degree of their impact on social entrepreneurship. The results and conclusions can serve as an estimation of the socioeconomic consequences of the sustainability disruption of the entrepreneurial potential realization in the social sphere.

An econometric investigation of the sunspot number record since the year 1700 and its prediction into the 22nd century

NASA Astrophysics Data System (ADS)

Travaglini, Guido

2015-09-01

Solar activity, as measured by the yearly revisited time series of sunspot numbers (SSN) for the period 1700-2014 (Clette et al., 2014), undergoes in this paper a triple statistical and econometric checkup. The conclusions are that the SSN sequence: (1) is best modeled as a signal that features nonlinearity in mean and variance, long memory, mean reversion, 'threshold' symmetry, and stationarity; (2) is best described as a discrete damped harmonic oscillator which linearly approximates the flux-transport dynamo model; (3) its prediction well into the 22nd century testifies of a substantial fall of the SSN centered around the year 2030. In addition, the first and last Gleissberg cycles show almost the same peak number and height during the period considered, yet the former slightly prevails when measured by means of the estimated smoother. All of these conclusions are achieved by making use of modern tools developed in the field of Financial Econometrics and of two new proposed procedures for signal smoothing and prediction.

Spatial Analysis of China Province-level Perinatal Mortality

PubMed Central

XIANG, Kun; SONG, Deyong

2016-01-01

Background: Using spatial analysis tools to determine the spatial patterns of China province-level perinatal mortality and using spatial econometric model to examine the impacts of health care resources and different socio-economic factors on perinatal mortality. Methods: The Global Moran’s I index is used to examine whether the spatial autocorrelation exists in selected regions and Moran’s I scatter plot to examine the spatial clustering among regions. Spatial econometric models are used to investigate the spatial relationships between perinatal mortality and contributing factors. Results: The overall Moran’s I index indicates that perinatal mortality displays positive spatial autocorrelation. Moran’s I scatter plot analysis implies that there is a significant clustering of mortality in both high-rate regions and low-rate regions. The spatial econometric models analyses confirm the existence of a direct link between perinatal mortality and health care resources, socio-economic factors. Conclusions: Since a positive spatial autocorrelation has been detected in China province-level perinatal mortality, the upgrading of regional economic development and medical service level will affect the mortality not only in region itself but also its adjacent regions. PMID:27398334

The impact of tropospheric ozone pollution on trial plot winter wheat yields in Great Britain - an econometric approach.

PubMed

Kaliakatsou, Evridiki; Bell, J Nigel B; Thirtle, Colin; Rose, Daniel; Power, Sally A

2010-05-01

Numerous experiments have demonstrated reductions in the yields of cereal crops due to tropospheric O(3), with losses of up to 25%. However, the only British econometric study on O(3) impacts on winter wheat yields, found that a 10% increase in AOT40 would decrease yields by only 0.23%. An attempt is made here to reconcile these observations by developing AOT40 maps for Great Britain and matching levels with a large number of standardised trial plot wheat yields from many sites over a 13-year period. Panel estimates (repeated measures on the same plots with time) show a 0.54% decrease in yields and it is hypothesised that plant breeders may have inadvertently selected for O(3) tolerance in wheat. Some support for this is provided by fumigations of cultivars of differing introduction dates. A case is made for the use of econometric as well as experimental studies in prediction of air pollution induced crop loss. Copyright 2009 Elsevier Ltd. All rights reserved.

The need for econometric research in laboratory animal operations.

PubMed

Baker, David G; Kearney, Michael T

2015-06-01

The scarcity of research funding can affect animal facilities in various ways. These effects can be evaluated by examining the allocation of financial resources in animal facilities, which can be facilitated by the use of mathematical and statistical methods to analyze economic problems, a discipline known as econometrics. The authors applied econometrics to study whether increasing per diem charges had a negative effect on the number of days of animal care purchased by animal users. They surveyed animal numbers and per diem charges at 20 research institutions and found that demand for large animals decreased as per diem charges increased. The authors discuss some of the challenges involved in their study and encourage research institutions to carry out more robust econometric studies of this and other economic questions facing laboratory animal research.

Allocating physicians' overhead costs to services: an econometric/accounting-activity based-approach.

PubMed

Peden, Al; Baker, Judith J

2002-01-01

Using the optimizing properties of econometric analysis, this study analyzes how physician overhead costs (OC) can be allocated to multiple activities to maximize precision in reimbursing the costs of services. Drawing on work by Leibenstein and Friedman, the analysis also shows that allocating OC to multiple activities unbiased by revenue requires controlling for revenue when making the estimates. Further econometric analysis shows that it is possible to save about 10 percent of OC by paying only for those that are necessary.

Price of gasoline: forecasting comparisons. [Box-Jenkins, econometric, and regression methods

DOE Office of Scientific and Technical Information (OSTI.GOV)

Bopp, A.E.; Neri, J.A.

Gasoline prices are simulated using three popular forecasting methodologies: A Box--Jenkins type method, an econometric method, and a regression method. One-period-ahead and 18-period-ahead comparisons are made. For the one-period-ahead method, a Box--Jenkins type time-series model simulated best, although all do well. However, for the 18-period simulation, the econometric and regression methods perform substantially better than the Box-Jenkins formulation. A rationale for and implications of these results ae discussed. 11 references.

Analytical-numerical solution of a nonlinear integrodifferential equation in econometrics

NASA Astrophysics Data System (ADS)

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

2013-07-01

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

A Research-Based Development Economics Course for Undergraduates

ERIC Educational Resources Information Center

Singh, Prakarsh; Guo, Hongye; Morales, Alvaro

2015-01-01

The authors present details of a research-based course in development economics taught at a private liberal arts college. There were three key elements in this class: teaching of applied econometrics, group presentations reviewing published and working papers in development economics, and using concepts taught in class to write an original…

Development of Regional Power Sector Coal Fuel Costs (Prices) for the Short-Term Energy Outlook (STEO) Model

EIA Publications

2017-01-01

The U.S. Energy Information Administration's Short-Term Energy Outlook (STEO) produces monthly projections of energy supply, demand, trade, and prices over a 13-24 month period. Every January, the forecast horizon is extended through December of the following year. The STEO model is an integrated system of econometric regression equations and identities that link data on the various components of the U.S. energy industry together in order to develop consistent forecasts. The regression equations are estimated and the STEO model is solved using the EViews 9.5 econometric software package from IHS Global Inc. The model consists of various modules specific to each energy resource. All modules provide projections for the United States, and some modules provide more detailed forecasts for different regions of the country.

Econometrics of exhaustible resource supply: a theory and an application

DOE Office of Scientific and Technical Information (OSTI.GOV)

Epple, D.

1983-01-01

This report takes a major step toward developing a fruitful approach to empirical analysis of resource supply. It is the first empirical application of resource theory that has successfully integrated the effects of depletion of nonrenewable resources with the effects of uncertainty about future costs and prices on supply behavior. Thus, the model is a major improvement over traditional engineering-optimization models that assume complete certainty, and over traditional econometrics models that are only implicitly related to the theory of resource supply. The model is used to test hypotheses about interdependence of oil and natural gas discoveries, depletion, ultimate recovery, andmore » 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.« less

Airfreight forecasting methodology and results

NASA Technical Reports Server (NTRS)

1978-01-01

A series of econometric behavioral equations was developed to explain and forecast the evolution of airfreight traffic demand for the total U.S. domestic airfreight system, the total U.S. international airfreight system, and the total scheduled international cargo traffic carried by the top 44 foreign airlines. The basic explanatory variables used in these macromodels were the real gross national products of the countries involved and a measure of relative transportation costs. The results of the econometric analysis reveal that the models explain more than 99 percent of the historical evolution of freight traffic. The long term traffic forecasts generated with these models are based on scenarios of the likely economic outlook in the United States and 31 major foreign countries.

Cost Effectiveness Trade-Offs in Software Support Environment Standardization.

DTIC Science & Technology

1986-09-30

IIIIIEEEIIIIIE MiII I U..2 2 ma MICROCOPY RESOLUTION TEST CHART 911C FILE C y, o FINAL REPORT - September 30, 1986 G- TECHNION INTERNATIONAL, INC. Cost...Summary description of econometric model B-I C. Causal chain used as basis for model C-I D. Excerpts from [Wer185) D-1 LIST OF FIGURES S-1 USAF MCCR...Productivity cost drivers D-4 LIST OF TASL3$ I-1 Summary of Tangible Benefits in Econometric Equations 1-9 1-2 Summary of Tangible Costs in Econometric

Appendix : airborne incidents : an econometric analysis of severity

DOT National Transportation Integrated Search

2014-12-19

This is the Appendix for Airborne Incidents: An Econometric Analysis of Severity Report. : Airborne loss of separation incidents occur when an aircraft breaches the defined separation limit (vertical and/or horizontal) with another aircraft or terrai...

Population Growth and Economic Development: Lessons from Selected Asian Countries. Policy Development Studies, Number 10.

ERIC Educational Resources Information Center

Mason, Andrew; And Others

The major findings of a research project on the relationship between population growth and economic development are summarized in this monograph. The study compares recent demographic and economic trends in Japan, Korea, Thailand, and Indonesia to worldwide experience as described by an econometric model of population and development. The study…

Residential demand for energy. Volume 1: Residential energy demand in the US

NASA Astrophysics Data System (ADS)

Taylor, L. D.; Blattenberger, G. R.; Rennhack, R. K.

1982-04-01

Updated and improved versions of the residential energy demand models that are currently used in EPRI's Demand 80/81 Model are presented. The primary objective of the study is the development and estimation of econometric demand models that take into account in a theoretically appropriate way the problems caused by decreasing-block pricing in the sale of electricity and natural gas. An ancillary objective is to take into account the impact on electricity, natural gas, and fuel oil demands of differences and changes in the availability of natural gas. Econometric models of residential demand are estimated for all three fuel tyes using time series data by state. Price and income elasticities for a number of alternative models are presented.

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

NASA Technical Reports Server (NTRS)

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

1981-01-01

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

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

DOE Office of Scientific and Technical Information (OSTI.GOV)

Berndt, E.R.; Fraumeni, B.M.; Hudson, E.A.

1981-03-01

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

Airborne incidents : an econometric analysis of severity, December 31, 2014 : technical summary

DOT National Transportation Integrated Search

2014-12-31

This is a technical summary of the Airborne Incidents: An Econometric Analysis of Severity main report. : Airborne loss of separation incidents occur when an aircraft breaches the defined separation limit (vertical and/or horizontal) with anoth...

Econometric Models of U.S. Navy Career Petty Officer Retention.

DTIC Science & Technology

1981-06-01

PF AD-AL04 076 NAVAL POSTGRADUATE SCHOOL MONTEREY CA F/6 5/9 ECONO ETRIC MODELS OF U.S. NAVY CAREER PETTY OFFICER RETENTION.(Ul JUN 81 J J B PKO...THESIS D . ECONOMETRIC MODELS OF U. S. NAVY CAREER PETTY OFFICER RETENTION SML Vby John Joseph Bepko III June 1981 Thesis Advisor: George W. Thomas...DOCUMENTATION PACE 33703 coTu~rwc oEm 0419PsR 01N1911VT*48~ &GM01 1𔃻. 411CIP1SIMYS CATALOG IulmSIS Econometric Models of U. S. Navy Career Petty 1’ t h s s j

Economic Impacts of Wind Turbine Development in U.S. Counties

DOE Office of Scientific and Technical Information (OSTI.GOV)

J., Brown; B., Hoen; E., Lantz

2011-07-25

The objective is to address the research question using post-project construction, county-level data, and econometric evaluation methods. Wind energy is expanding rapidly in the United States: Over the last 4 years, wind power has contributed approximately 35 percent of all new electric power capacity. Wind power plants are often developed in rural areas where local economic development impacts from the installation are projected, including land lease and property tax payments and employment growth during plant construction and operation. Wind energy represented 2.3 percent of the U.S. electricity supply in 2010, but studies show that penetrations of at least 20 percentmore » are feasible. Several studies have used input-output models to predict direct, indirect, and induced economic development impacts. These analyses have often been completed prior to project construction. Available studies have not yet investigated the economic development impacts of wind development at the county level using post-construction econometric evaluation methods. Analysis of county-level impacts is limited. However, previous county-level analyses have estimated operation-period employment at 0.2 to 0.6 jobs per megawatt (MW) of power installed and earnings at $9,000/MW to $50,000/MW. We find statistically significant evidence of positive impacts of wind development on county-level per capita income from the OLS and spatial lag models when they are applied to the full set of wind and non-wind counties. The total impact on annual per capita income of wind turbine development (measured in MW per capita) in the spatial lag model was $21,604 per MW. This estimate is within the range of values estimated in the literature using input-output models. OLS results for the wind-only counties and matched samples are similar in magnitude, but are not statistically significant at the 10-percent level. We find a statistically significant impact of wind development on employment in the OLS analysis for wind counties only, but not in the other models. Our estimates of employment impacts are not precise enough to assess the validity of employment impacts from input-output models applied in advance of wind energy project construction. The analysis provides empirical evidence of positive income effects at the county level from cumulative wind turbine development, consistent with the range of impacts estimated using input-output models. Employment impacts are less clear.« less

Econometrics and Psychometrics: A Survey of Communalities

ERIC Educational Resources Information Center

Goldberger, Arthur S.

1971-01-01

Several themes which are common to both econometrics and psychometrics are surveyed. The themes are illustrated by reference to permanent income hypotheses, simultaneous equation models, adaptive expectations and partial adjustment schemes, and by reference to test score theory, factor analysis, and time-series models. (Author)

Do health economic evaluations using observational data provide reliable assessment of treatment effects?

PubMed Central

2013-01-01

Economic evaluation in modern health care systems is seen as a transparent scientific framework that can be used to advance progress towards improvements in population health at the best possible value. Despite the perceived superiority that trial-based studies have in terms of internal validity, economic evaluations often employ observational data. In this review, the interface between econometrics and economic evaluation is explored, with emphasis placed on highlighting methodological issues relating to the evaluation of cost-effectiveness within a bivariate framework. Studies that satisfied the eligibility criteria exemplified the use of matching, regression analysis, propensity scores, instrumental variables, as well as difference-in-differences approaches. All studies were reviewed and critically appraised using a structured template. The findings suggest that although state-of-the-art econometric methods have the potential to provide evidence on the causal effects of clinical and policy interventions, their application in economic evaluation is subject to a number of limitations. These range from no credible assessment of key assumptions and scarce evidence regarding the relative performance of different methods, to lack of reporting of important study elements, such as a summary outcome measure and its associated sampling uncertainty. Further research is required to better understand the ways in which observational data should be analysed in the context of the economic evaluation framework. PMID:24229445

On accommodating spatial interactions in a Generalized Heterogeneous Data Model (GHDM) of mixed types of dependent variables.

DOT National Transportation Integrated Search

2015-12-01

We develop an econometric framework for incorporating spatial dependence in integrated model systems of latent variables and multidimensional mixed data outcomes. The framework combines Bhats Generalized Heterogeneous Data Model (GHDM) with a spat...

Glossary for econometrics and epidemiology.

PubMed

Gunasekara, F Imlach; Carter, K; Blakely, T

2008-10-01

Epidemiologists and econometricians are often interested in similar topics-socioeconomic position and health outcomes-but the different languages that epidemiologists and economists use to interpret and discuss their results can create a barrier to mutual communication. This glossary defines key terms used in econometrics and epidemiology to assist in bridging this gap.

Transportation and socioeconomic impacts of bypasses on communities : an integrated synthesis of panel data, multilevel, and spatial econometric models with case studies.

DOT National Transportation Integrated Search

2011-09-21

Title: Transportation and Socioeconomic Impacts of Bypasses on Communities: An Integrated Synthesis of Panel Data, Multilevel, and Spatial Econometric Models with Case Studies. The title used at the start of this project was Transportation and Soc...

Analytic Methods for Adjusting Subjective Rating Schemes.

ERIC Educational Resources Information Center

Cooper, Richard V. L.; Nelson, Gary R.

Statistical and econometric techniques of correcting for supervisor bias in models of individual performance appraisal were developed, using a variant of the classical linear regression model. Location bias occurs when individual performance is systematically overestimated or underestimated, while scale bias results when raters either exaggerate…

Public budgets for energy RD&D and the effects on energy intensity and pollution levels.

PubMed

Balsalobre, Daniel; Álvarez, Agustín; Cantos, José María

2015-04-01

This study, based on the N-shaped cubic model of the environmental Kuznets curve, analyzes the evolution of per capita greenhouse gas emissions (GHGpc) using not just economic growth but also public budgets dedicated to energy-oriented research development and demonstration (RD&D) and energy intensity. The empirical evidence, obtained from an econometric model of fixed effects for 28 OECD countries during 1994-2010, suggests that energy innovations help reduce GHGpc levels and mitigate the negative impact of energy intensity on environmental quality. When countries develop active energy RD&D policies, they can reduce both the rates of energy intensity and the level of GHGpc emissions. This paper incorporates a moderating variable to the econometric model that emphasizes the effect that GDP has on energy intensity. It also adds a variable that reflects the difference between countries that have made a greater economic effort in energy RD&D, which in turn corrects the GHG emissions resulting from the energy intensity of each country.

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

ERIC Educational Resources Information Center

Piro, Jody S.; Mullen, Laurie

2013-01-01

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

Econometric Models for Forecasting of Macroeconomic Indices

ERIC Educational Resources Information Center

Sukhanova, Elena I.; Shirnaeva, Svetlana Y.; Mokronosov, Aleksandr G.

2016-01-01

The urgency of the research topic was stipulated by the necessity to carry out an effective controlled process by the economic system which can hardly be imagined without indices forecasting characteristic of this system. An econometric model is a safe tool of forecasting which makes it possible to take into consideration the trend of indices…

Technical Change in the North American Forestry Sector: A Review

Treesearch

Jeffery C. Stier; David N. Bengston

1992-01-01

Economists have examined the impact of technical change on the forest products sector using the historical, index number, and econometric approaches. This paper reviews econometric analyses of the rate and bias of technical change, examining functional form, factors included, and empirical results. Studies are classified as first- second-, or third-generation...

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

ERIC Educational Resources Information Center

Schlotter, Martin; Schwerdt, Guido; Woessmann, Ludger

2011-01-01

Education policy-makers and practitioners want to know which policies and practices can best achieve their goals. But research that can inform evidence-based policy often requires complex methods to distinguish causation from accidental association. Avoiding econometric jargon and technical detail, this paper explains the main idea and intuition…

An econometric model of the hardwood lumber market

Treesearch

William G. Luppold

1982-01-01

A recursive econometric model with causal flow originating from the demand relationship is used to analyze the effects of exogenous variables on quantity and price of hardwood lumber. Wage rates, interest rates, stumpage price, lumber exports, and price of lumber demanders' output were the major factors influencing quantities demanded and supplied and hardwood...

The Status of Econometrics in the Economics Major: A Survey

ERIC Educational Resources Information Center

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

2012-01-01

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

Empirical methods for modeling landscape change, ecosystem services, and biodiversity

Treesearch

David Lewis; Ralph Alig

2009-01-01

The purpose of this paper is to synthesize recent economics research aimed at integrating discrete-choice econometric models of land-use change with spatially-explicit landscape simulations and quantitative ecology. This research explicitly models changes in the spatial pattern of landscapes in two steps: 1) econometric estimation of parcel-scale transition...

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

NASA Astrophysics Data System (ADS)

Tsutsumi, Morito; Seya, Hajime

2009-12-01

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

Systems GMM estimates of the health care spending and GDP relationship: a note.

PubMed

Kumar, Saten

2013-06-01

This paper utilizes the systems generalized method of moments (GMM) [Arellano and Bover (1995) J Econometrics 68:29-51; Blundell and Bond (1998) J Econometrics 87:115-143], and panel Granger causality [Hurlin and Venet (2001) Granger Causality tests in panel data models with fixed coefficients. Mime'o, University Paris IX], to investigate the health care spending and gross domestic product (GDP) relationship for organisation for economic co-operation and development countries over the period 1960-2007. The system GMM estimates confirm that the contribution of real GDP to health spending is significant and positive. The panel Granger causality tests imply that a bi-directional causality exists between health spending and GDP. To this end, policies aimed at raising health spending will eventually improve the well-being of the population in the long run.

Computationally intensive econometrics using a distributed matrix-programming language.

PubMed

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

2002-06-15

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

Interrelation of GDP and pension capital: Mathematical and econometrical analysis

NASA Astrophysics Data System (ADS)

Nepp, A. N.; Dolgodvorov, A. D.

2016-12-01

This article is a mathematicalanalysis of the relationship between GDP and the development of funded pension systems. For this purpose, a mathematical formula was derived from the macro-economic GDP, proportional to the level of income and consumption for the dependence of GDP on the level of pension payments, the value of pension savings and the structure of compulsory contributions to the pension fund allocated to the distribution and accumulative pension system. A derivation of the equation proves the linear relationship of GDP and the share of pension contributions channeled to the funded pension system. Thus, the macroeconomic indicator with the larger negative impact on GDP was proven to be the elimination of the compulsory funded pension system. Based on the econometric analysis, the positive effect of the distributive pension system was proven on macroeconomic parameters.

Financial Constrains for Innovative Firms: The Role of Size, Industry and ICT Uses as Determinants of Firms' Financial Structure

NASA Astrophysics Data System (ADS)

Castillo-Merino, David; Vilaseca-Requena, Jordi; Plana-Erta, Dolors

This paper uses a large and original data set of Catalan firms in all the economic branches to analyse the effects of size, industry and degree of ICT uses on financial constraints for innovative firms. We have conducted a micro econometric analysis following Henry et al. (1999) investment model to empirically contrast the relationship between firms' investment spread over time and their financial structure, and we have used von Kalckreuth (2004) methodology, based on an original survey with data on financial issues. Our results show that it exits a positive and significant relationship between investment shift and financial structure, emerging financial constraints for more innovative firms. Furthermore, these constraints are higher for micro companies and firms within the knowledge-advanced services' industry. Finally, we have also found that advanced ICT uses by more innovative firms allow them to reduce constraints of access to sources of finance.

Pulling Econometrics Students up by Their Bootstraps

ERIC Educational Resources Information Center

O'Hara, Michael E.

2014-01-01

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

Econometric models of road use, accidents, and road investment decisions. Volume 2 : an econometric model of car ownership, road use, accidents, and their severity (Essay 3)

DOT National Transportation Integrated Search

1999-11-01

Using a fairly large cross-section/time-series data base, covering all provinces of Norway and all months between January 1973 and December 1994, we estimate non-linear (Box-Cox) regression equations explaining aggregate car ownership, road use, seat...

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

ERIC Educational Resources Information Center

Meghir, Costas; Rivkin, Steven G.

2010-01-01

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

Econometric Estimation of the Economic Impact of a University. AIR 1993 Annual Forum Paper.

ERIC Educational Resources Information Center

Gana, Rajaram

This study conducted an econometric analysis of the impact of the University of Delaware (UD), a public, doctoral level institution, on the Delaware economy, particularly the impact of nonresident students. To construct a model the study used historical institutional data from the Office of Institutional Research and Planning at UD and…

The Nexus of Place and Finance in the Analysis of Educational Attainment: A Spatial Econometric Approach

ERIC Educational Resources Information Center

Sutton, Farah

2012-01-01

This study examines the spatial distribution of educational attainment and then builds upon current predictive frameworks for understanding patterns of educational attainment by applying a spatial econometric method of analysis. The research from this study enables a new approach to the policy discussion on how to improve educational attainment…

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

ERIC Educational Resources Information Center

Arnold, Ivo J. M.; Rowaan, Wietske

2014-01-01

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

Determinants of Educational Achievement in Morocco: A Micro-Econometric Analysis Applied to the TIMSS Study

ERIC Educational Resources Information Center

Ibourk, Aomar

2013-01-01

Based on data from international surveys measuring learning (TIMSS), this article focuses on the analysis of the academic performance Moroccan students. The results of the econometric model show that the students' characteristics, their family environment and school context are key determinants of these performances. The study also shows that the…

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

ERIC Educational Resources Information Center

Bayus, Barry; Kendis, Kurt

1982-01-01

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

An Econometrics Analysis on the Effect of Satisfaction for Foreign Graduate Students' Academic Performance in Taiwan

ERIC Educational Resources Information Center

Shih, Cheng Ping; Tillett, Denroy; Lawrence, Nadine

2012-01-01

Taiwan has proven and continues to prove its economic prowess as a fast and well developed nation. One theory to account for this accomplishment is its continued success in developing its best natural resource--its people--through education. A continuum of this practice is the implementation of Higher Education and then International Higher…

A Note on Verification of Computer Simulation Models

ERIC Educational Resources Information Center

Aigner, Dennis J.

1972-01-01

Establishes an argument that questions the validity of one test'' of goodness-of-fit (the extent to which a series of obtained measures agrees with a series of theoretical measures) for the simulated time path of a simple endogenous (internally developed) variable in a simultaneous, perhaps dynamic econometric model. (Author)

The Insulation Board Industry - An Economic Analysis

Treesearch

Albert T. Schuler

1978-01-01

An econometric model of the domestic insulation board industry was developed to identify and quantify the major factors affecting quantity consumed and price. The factors identified were housing starts, residential improvement activity, disposable personal income, productivity, pulpwood and residue prices, and power costs. Disposable personal income was the most...

An Econommetric Analysis of the U.S. Hardboard Market

Treesearch

Albert T. Schuler

1978-01-01

An econometric model of U.S. hardboard consumption was developed to identify the major variables affecting hardboard consumption and price. The variables identified were housing starts, residential improvement activity, disposable personal income, hardwood plywood price, productivity, pulpwood and residue price, hardboard tariff, and power cost, Disposable personal...

Space-time modeling of timber prices

Treesearch

Mo Zhou; Joseph Buongriorno

2006-01-01

A space-time econometric model was developed for pine sawtimber timber prices of 21 geographically contiguous regions in the southern United States. The correlations between prices in neighboring regions helped predict future prices. The impulse response analysis showed that although southern pine sawtimber markets were not globally integrated, local supply and demand...

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

ERIC Educational Resources Information Center

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

2011-01-01

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…

Statistical Cost Estimation in Higher Education: Some Alternatives.

ERIC Educational Resources Information Center

Brinkman, Paul T.; Niwa, Shelley

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

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

NASA Astrophysics Data System (ADS)

Schu, Kathryn L.

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

Econometric Assessment of "One Minute" Paper as a Pedagogic Tool

ERIC Educational Resources Information Center

Das, Amaresh

2010-01-01

This paper makes an econometric testing of one-minute paper used as a tool to manage and assess instruction in my statistics class. One of our findings is that the one minute paper when I have tested it by using an OLS estimate in a controlled Vs experimental design framework is found to statistically significant and effective in enhancing…

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

ERIC Educational Resources Information Center

Lara, Christen; Johnson, Daniel

2014-01-01

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

An Econometric Approach to Evaluate Navy Advertising Efficiency.

DTIC Science & Technology

1996-03-01

This thesis uses an econometric approach to systematically and comprehensively analyze Navy advertising and recruiting data to determine Navy... advertising cost efficiency in the Navy recruiting process. Current recruiting and advertising cost data are merged into an appropriate data base and...evaluated using multiple regression techniques to find assessments of the relationships between Navy advertising expenditures and recruit contracts attained

Patterns of Marine Corps Reserve Continuation Behavior: Pre- and Post-9/11

DTIC Science & Technology

2011-03-01

to consider when studying reserve retention and very difficult to measure using multivariate econometric models, which rely solely on observational...chapter present an interesting supplement to standard economic theoretical perspectives commonly used in econometric analyses. Notably, the structural...relevant to this thesis. These factors contribute to the over- arching themes of job satisfaction and organizational commitment and therefore ultimately

Predicting future forestland area: a comparison of econometric approaches.

Treesearch

SoEun Ahn; Andrew J. Plantinga; Ralph J. Alig

2000-01-01

Predictions of future forestland area are an important component of forest policy analyses. In this article, we test the ability of econometric land use models to accurately forecast forest area. We construct a panel data set for Alabama consisting of county and time-series observation for the period 1964 to 1992. We estimate models using restricted data sets-namely,...

Reflections on Heckman and Pinto’s Causal Analysis After Haavelmo

DTIC Science & Technology

2013-11-01

Econometric Analysis , Cambridge University Press, 477–490, 1995. Halpern, J. (1998). Axiomatizing causal reasoning. In Uncertainty in Artificial...Models, Structural Models and Econometric Policy Evaluation. Elsevier B.V., Amsterdam, 4779–4874. Heckman, J. J. (1979). Sample selection bias as a...Reflections on Heckman and Pinto’s “Causal Analysis After Haavelmo” Judea Pearl University of California, Los Angeles Computer Science Department Los

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

Angrist, Joshua; Pischke, Jorn-Steffen

2010-01-01

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

An investigation on the determinants of carbon emissions for OECD countries: empirical evidence from panel models robust to heterogeneity and cross-sectional dependence.

PubMed

Dogan, Eyup; Seker, Fahri

2016-07-01

This empirical study analyzes the impacts of real income, energy consumption, financial development and trade openness on CO2 emissions for the OECD countries in the Environmental Kuznets Curve (EKC) model by using panel econometric approaches that consider issues of heterogeneity and cross-sectional dependence. Results from the Pesaran CD test, the Pesaran-Yamagata's homogeneity test, the CADF and the CIPS unit root tests, the LM bootstrap cointegration test, the DSUR estimator, and the Emirmahmutoglu-Kose Granger causality test indicate that (i) the panel time-series data are heterogeneous and cross-sectionally dependent; (ii) CO2 emissions, real income, the quadratic income, energy consumption, financial development and openness are integrated of order one; (iii) the analyzed data are cointegrated; (iv) the EKC hypothesis is validated for the OECD countries; (v) increases in openness and financial development mitigate the level of emissions whereas energy consumption contributes to carbon emissions; (vi) a variety of Granger causal relationship is detected among the analyzed variables; and (vii) empirical results and policy recommendations are accurate and efficient since panel econometric models used in this study account for heterogeneity and cross-sectional dependence in their estimation procedures.

Lévy walks

NASA Astrophysics Data System (ADS)

Zaburdaev, V.; Denisov, S.; Klafter, J.

2015-04-01

Random walk is a fundamental concept with applications ranging from quantum physics to econometrics. Remarkably, one specific model of random walks appears to be ubiquitous across many fields as a tool to analyze transport phenomena in which the dispersal process is faster than dictated by Brownian diffusion. The Lévy-walk model combines two key features, the ability to generate anomalously fast diffusion and a finite velocity of a random walker. Recent results in optics, Hamiltonian chaos, cold atom dynamics, biophysics, and behavioral science demonstrate that this particular type of random walk provides significant insight into complex transport phenomena. This review gives a self-consistent introduction to Lévy walks, surveys their existing applications, including latest advances, and outlines further perspectives.

Revisiting the Principle of Relative Constancy: Consumer Mass Media Expenditures in Belgium.

ERIC Educational Resources Information Center

Dupagne, Michel; Green, R. Jeffery

1996-01-01

Proposes two new econometric models for testing the principle of relative constancy (PRC). Reports on regression and cointegration analyses conducted with Belgian mass media expenditure data from 1953-91. Suggests that alternative mass media expenditure models should be developed because PRC lacks of economic foundation and sound empirical…

Investment in Communications and Transportation: Socio-economic Impacts on Rural Development.

ERIC Educational Resources Information Center

Hilewick, Carol Lee; And Others

Two rural counties served as model areas in a comparison of the size and sequence of socioeconomic changes that investment in communications, as opposed to investment in transportation networks, might stimulate. A series of communications, rail, and highway changes were simulated through the use of an econometric model. An Industrial Communication…

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

ERIC Educational Resources Information Center

Tinbergen, Jan; And Others

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…

Analysis of the Automobile Market : Modeling the Long-Run Determinants of the Demand for Automobiles : Volume 1. The Wharton EFA Automobile Demand Model

DOT National Transportation Integrated Search

1979-12-01

An econometric model is developed which provides long-run policy analysis and forecasting of annual trends, for U.S. auto stock, new sales, and their composition by auto size-class. The concept of "desired" (equilibrium) stock is introduced. "Desired...

HIV prevalence and poverty in Africa: micro- and macro-econometric evidences applied to Burkina Faso.

PubMed

Lachaud, Jean-Pierre

2007-05-01

Based on the data of the Demographic and Health Survey, and of the Household Priority Survey, carried out in 2003, the present study, examining the factors of HIV prevalence in Burkina Faso, provides two conclusions. Firstly, the fight against poverty is not necessarily a means of reducing simultaneously and drastically HIV/AIDS prevalence, an assertion based on several elements of empirical analysis. First of all, the micro-econometric estimates of the probit models suggest a positive relationship between HIV prevalence in adult women and men, and living standards of individuals. Then, the macro-econometric approach reveals the existence of a positive (negative) relationship between, on the one hand, the level of regional HIV prevalence, and, on the other hand, the average monetary provincial standard of living (poverty) of households. At the same time, the relationship between HIV prevalence and poverty, apprehended at the regional level, is not linear. Secondly, and correlatively, the relationship between HIV prevalence and poverty is called into question. First of all, some structural factors may contribute to a distortion of the relationship between resources of households and the prevalence of HIV/AIDS. This may be due, on the one hand, to the persistence of cognitive and behavioural factors inherent in a traditional society, and in particular, to the fact that the social construction of female attributes and roles confers to men a statute of "decision-makers" with regard to sexual intercourse, while the persistence of secular beliefs contributes to minimizing the perception of HIV/AIDS in terms of risk, independently of standards of living. In addition, the enclavement of Burkina Faso required development of road and railway traffic with neighbouring countries, in particular Côte d'Ivoire. Therefore, it may be that the structural conditions of the process of development of Burkina Faso, concomitant with significant flows of the exchange of goods, services and labour with a country where the prevalence of the HIV is particularly high, constitute an element of an explanation of the positive relationship between the resources of households and HIV seroprevalence. Also, factors related to the economic situation probably contributed to reinforcing the opposite relationship between HIV seroprevalence and poverty, the macro-econometric analysis highlighting a direct relationship between the massive return of migrants of Côte d'Ivoire and the level of HIV prevalence in Burkina Faso.

Geographical Network Analysis and Spatial Econometrics as Tools to Enhance Our Understanding of Student Migration Patterns and Benefits in the U.S. Higher Education Network

ERIC Educational Resources Information Center

González Canché, Manuel S.

2018-01-01

This study measures the extent to which student outmigration outside the 4-year sector takes place and posits that the benefits from attracting non-resident students exist regardless of sector of enrollment. The study also provides empirical evidence about the relevance of employing geographical network analysis (GNA) and spatial econometrics in…

Crime Pattern Analysis: A Spatial Frequent Pattern Mining Approach

DTIC Science & Technology

2012-05-10

econometrics. A companion to theoretical econometrics, pages 310-330, 1988. [5] L. Anselin, J. Cohen, D. Cook, W. Gorr, and G. Tita . Spatial analyses...52] G. Mohler, M. Short, P. Brantingham, F. Schoenberg, and G. Tita . Self-exciting point process modeling of crime. Journal of the American...Systems, 9:462, 2010. [69] M. Short, P. Brantingham, A. Bertozzi, and G. Tita . Dissipation and displacement of hotspots in reaction-diffusion models

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

PubMed

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

2002-07-01

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 trial. In this paper, we explore the potential for health economists undertaking cost-effectiveness analysis to exploit the plethora of established econometric techniques through the use of the net-benefit framework - a recently suggested reformulation of the cost-effectiveness problem that avoids the reliance on cost-effectiveness ratios and their associated statistical problems. This allows the formulation of the cost-effectiveness problem within a standard regression type framework. We provide an example with empirical data to illustrate how a regression type framework can enhance the net-benefit method. We go on to suggest that practical advantages of the net-benefit regression approach include being able to use established econometric techniques, adjust for imperfect randomisation, and identify important subgroups in order to estimate the marginal cost-effectiveness of an intervention. Copyright 2002 John Wiley & Sons, Ltd.

An Applied Physicist Does Econometrics

NASA Astrophysics Data System (ADS)

Taff, L. G.

2010-02-01

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

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

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

2008-01-01

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…

Analysis of the Automobile Market : Modeling the Long-Run Determinants of the Demand for Automobiles : Volume 3. Appendices to the Wharton EFA Automobile Demand Model

DOT National Transportation Integrated Search

1979-12-01

An econometric model is developed which provides long-run policy analysis and forecasting of annual trends, for U.S. auto stock, new sales, and their composition by auto size-class. The concept of "desired" (equilibrium) stock is introduced. "Desired...

National projections of forest and rangeland condition indicators: a supporting technical document for the 1999 RPA assessment.

Treesearch

John Hof; Curtis Flather; Tony Baltic; Stephen Davies

1999-01-01

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 and the statistical estimation required by this particular production structure with emphasis on two special...

Resources and Constraints: Public Education and the Economic Environment in Ontario, 1978-1987.

ERIC Educational Resources Information Center

Foot, David K.

Considering the national and provincial economic environments for the next decade, this paper projects financial resources and constraints likely to be faced by school boards in Ontario over the same period. The study utilizes an econometric model developed by the Institute for Policy Analysis of the University of Toronto. The findings indicate…

Natural amenities and rural population migration: a technical document supporting the Forest Service 2010 RPA Assessment

Treesearch

H. Ken Cordell; Vahé Heboyan; Florence Santos; John C. Bergstrom

2011-01-01

Research has suggested that significant relationships exist between rural population change and natural amenities. Thus, understanding and predicting domestic migration trends as a function of changes in natural amenities is important for effective regional growth and development policies and strategies. In this study, we first estimated an econometric model which...

Analysis of the Automobile Market : Modeling the Long-Run Determinants of the Demand for Automobiles : Volume 2. Simulation Analysis Using the Wharton EFA Automobile Demand Model

DOT National Transportation Integrated Search

1979-12-01

An econometric model is developed which provides long-run policy analysis and forecasting of annual trends, for U.S. auto stock, new sales, and their composition by auto size-class. The concept of "desired" (equilibrium) stock is introduced. "Desired...

The Effects of International Mobility on European Researchers: Comparing Intra-EU and U.S. Mobility

ERIC Educational Resources Information Center

Veugelers, Reinhilde; Van Bouwel, Linda

2015-01-01

Using econometric analysis on survey data from European-born and European-educated researchers who are internationally mobile after their PhD within Europe or to the United States, we find significant positive effects from international mobility on scientific productivity, as well as several other positive career development effects. European…

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

NASA Technical Reports Server (NTRS)

Ausrotas, R. A.

1981-01-01

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.

Accounting for respondent uncertainty to improve willingness-to-pay estimates

Treesearch

Rebecca Moore; Richard C. Bishop; Bill Provencher; Patricia A. Champ

2010-01-01

In this paper, we develop an econometric model of willingness to pay (WTP) that integrates data on respondent uncertainty regarding their own WTP. The integration is utility consistent, there is no recoding of variables, and no need to calibrate the contingent responses to actual payment data, so the approach can "stand alone." In an application to a...

Bayesian Nonparametric Prediction and Statistical Inference

DTIC Science & Technology

1989-09-07

Kadane, J. (1980), "Bayesian decision theory and the sim- plification of models," in Evaluation of Econometric Models, J. Kmenta and J. Ramsey , eds...the random model and weighted least squares regression," in Evaluation of Econometric Models, ed. by J. Kmenta and J. Ramsey , Academic Press, 197-217...likelihood function. On the other hand, H. Jeffreys’s theory of hypothesis testing covers the most important situations in which the prior is not diffuse. See

A Theory of Bayesian Data Analysis

DTIC Science & Technology

1989-10-10

and the sim- plification of models," in Evaluation of Econometric Models, J. Kmenta and J. 20 Ramsey , eds., Academic Press, 245-268. Edwards, W...Evaluation of Econometric Models, ed. by J. Kmenta and J. Ramsey , Academic Press, 197-217. Hill, Bruce M., (1980c), Review of Specification Searches, by E...also Hill (1970a, 1975a) for earlier thoughts the subject with regard to tests of significance, and Smith.(1986). The Baesi theory of tests of

Time Series Modeling of Army Mission Command Communication Networks: An Event-Driven Analysis

DTIC Science & Technology

2013-06-01

Lehmann, D. R. (1984). How advertising affects sales: Meta- analysis of econometric results. Journal of Marketing Research , 21, 65-74. Barabási, A. L...317-357. Leone, R. P. (1983). Modeling sales-advertising relationships: An integrated time series- econometric approach. Journal of Marketing ... Research , 20, 291-295. McGrath, J. E., & Kravitz, D. A. (1982). Group research. Annual Review of Psychology, 33, 195- 230. Monge, P. R., & Contractor

Application of econometric and ecology analysis methods in physics software

NASA Astrophysics Data System (ADS)

Han, Min Cheol; Hoff, Gabriela; Kim, Chan Hyeong; Kim, Sung Hun; Grazia Pia, Maria; Ronchieri, Elisabetta; Saracco, Paolo

2017-10-01

Some data analysis methods typically used in econometric studies and in ecology have been evaluated and applied in physics software environments. They concern the evolution of observables through objective identification of change points and trends, and measurements of inequality, diversity and evenness across a data set. Within each analysis area, various statistical tests and measures have been examined. This conference paper summarizes a brief overview of some of these methods.

Projected electric power demands for the Potomac Electric Power Company. Volume 1

DOE Office of Scientific and Technical Information (OSTI.GOV)

Estomin, S.; Kahal, M.

1984-03-01

This three-volume report presents the results of an econometric forecast of peak and electric power demands for the Potomac Electric Power Company (PEPCO) through the year 2002. Volume I describes the methodology, the results of the econometric estimations, the forecast assumptions and the calculated forecasts of peak demand and energy usage. Separate sets of models were developed for the Maryland Suburbs (Montgomery and Prince George's counties), the District of Columbia and Southern Maryland (served by a wholesale customer of PEPCO). For each of the three jurisdictions, energy equations were estimated for residential and commercial/industrial customers for both summer and wintermore » seasons. For the District of Columbia, summer and winter equations for energy sales to the federal government were also estimated. Equations were also estimated for street lighting and energy losses. Noneconometric techniques were employed to forecast energy sales to the Northern Virginia suburbs, Metrorail and federal government facilities located in Maryland.« less

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

ERIC Educational Resources Information Center

Pugh, Geoff; Telhaj, Shqiponje

2008-01-01

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

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

ERIC Educational Resources Information Center

Handa, M. L.

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

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

ERIC Educational Resources Information Center

Rosen, Harvey S.

1976-01-01

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

A revised econometric model of the domestic pallet market

Treesearch

Albert T. Schuler; Walter B. Wallin

1983-01-01

The purpose of this revised model is to project estimates of consumption and price of wooden pallets in the short term. This model differs from previous ones developed by Schuler and Wallin (1979 and 1980) in the following respects: The structure of the supply side of the market is more realistically identified (from an economic theory point of view) by including...

2003 IDA Cost Research Symposium: Cost of Evolutionary Acquisition/Spiral Development

DTIC Science & Technology

2003-08-01

Louis, Missouri”, IDA Paper P-3548 “Econometric Modeling of Acquisition Category I Systems at the Lockheed- Martin Plant in Marietta , Georgia”, IDA...Systems Command (NAVSEA)..................................................... B- 71 Naval Surface Warfare Center, Dahlgren Division (NSWCDD...cost estimates and reports on life-cycle costs of major defense acquisition programs (MDAPs) in Acquisition Category ID (see Reference [1]). Cost

VISUAL-SEVEIF, a tool for integrating fire behavior simulation and economic evaluation of the impact of Wildfires

Treesearch

Francisco Rodríguez y Silva; Juan Ramón Molina Martínez; Miguel Ángel Herrera Machuca; Jesús Mª Rodríguez Leal

2013-01-01

Progress made in recent years in fire science, particularly as applied to forest fire protection, coupled with the increased power offered by mathematical processors integrated into computers, has led to important developments in the field of dynamic and static simulation of forest fires. Furthermore, and similarly, econometric models applied to economic...

Directory of Energy Information Administration Model Abstracts

DOE Office of Scientific and Technical Information (OSTI.GOV)

Not Available

1986-07-16

This directory partially fulfills the requirements of Section 8c, of the documentation order, which states in part that: The Office of Statistical Standards will annually publish an EIA document based on the collected abstracts and the appendices. This report contains brief statements about each model's title, acronym, purpose, and status, followed by more detailed information on characteristics, uses, and requirements. Sources for additional information are identified. All models active through March 1985 are included. The main body of this directory is an alphabetical list of all active EIA models. Appendix A identifies major EIA modeling systems and the models withinmore » these systems, and Appendix B identifies active EIA models by type (basic, auxiliary, and developing). EIA also leases models developed by proprietary software vendors. Documentation for these proprietary models is the responsibility of the companies from which they are leased. EIA has recently leased models from Chase Econometrics, Inc., Data Resources, Inc. (DRI), the Oak Ridge National Laboratory (ORNL), and Wharton Econometric Forecasting Associates (WEFA). Leased models are not abstracted here. The directory is intended for the use of energy and energy-policy analysts in the public and private sectors.« less

Allocation of Future Federal Airport and Airway Costs.

DTIC Science & Technology

1986-12-01

attributable to users are allocated among them based upon Ramsey Pricing which minimizes the distortion in aviation markets resulting from the allocation of...the years following 1992, the producers price Uindex projections made by Wharton Econometric Forecasting . Associates1 were employed. This latter set...and on econometric cost estimation techniques. These are Volumes 3 and 5 respectively. 68 A(A A11 I FSZK7_ ODi Id Lin <j< .99 C-4 x\\ M LL- < P7 Pi0

Econometrics in outcomes research: the use of instrumental variables.

PubMed

Newhouse, J P; McClellan, M

1998-01-01

We describe an econometric technique, instrumental variables, that can be useful in estimating the effectiveness of clinical treatments in situations when a controlled trial has not or cannot be done. This technique relies upon the existence of one or more variables that induce substantial variation in the treatment variable but have no direct effect on the outcome variable of interest. We illustrate the use of the technique with an application to aggressive treatment of acute myocardial infarction in the elderly.

[Econometric and ethical validation of regression logistics. Reducing of the number of patients in the evaluation of mortality].

PubMed

Castiel, D; Herve, C

1992-01-01

In general, a large number of patients is needed to conclude whether the results of a therapeutic strategy are significant or not. One can lower this number with a logit. The method has been proposed in an article published recently (Cost-utility analysis of early thrombolytic therapy, Pharmaco Economics, 1992). The present article is an essay aimed at validating the method, both from the econometric and ethical points of view.

Directory of Energy Information Administration model abstracts

DOE Office of Scientific and Technical Information (OSTI.GOV)

Not Available

1987-08-11

This report contains brief statements from the model managers about each model's title, acronym, purpose, and status, followed by more detailed information on characteristics, uses, and requirements. Sources for additional information are identified. All models ''active'' through March 1987 are included. The main body of this directory is an alphabetical list of all active EIA models. Appendix A identifies major EIA modeling systems and the models within these systems, and Appendix B identifies active EIA models by type (basic, auxiliary, and developing). A basic model is one designated by the EIA Administrator as being sufficiently important to require sustained supportmore » and public scrutiny. An auxiliary model is one designated by the EIA Administrator as being used only occasionally in analyses, and therefore requires minimal levels of documentation. A developing model is one designated by the EIA Administrator as being under development and yet of sufficient interest to require a basic level of documentation at a future date. EIA also leases models developed by proprietary software vendors. Documentation for these ''proprietary'' models is the responsibility of the companies from which they are leased. EIA has recently leased models from Chase Econometrics, Inc., Data Resources, Inc. (DRI), the Oak Ridge National Laboratory (ORNL), and Wharton Econometric Forecasting Associates (WEFA). Leased models are not abstracted here. The directory is intended for the use of energy and energy-policy analysts in the public and private sectors.« less

Synthesizing Econometric Evidence: The Case of Demand Elasticity Estimates.

PubMed

DeCicca, Philip; Kenkel, Don

2015-06-01

Econometric estimates of the responsiveness of health-related consumer demand to higher prices are often key ingredients for risk policy analysis. We review the potential advantages and challenges of synthesizing econometric evidence on the price-responsiveness of consumer demand. We draw on examples of research on consumer demand for health-related goods, especially cigarettes. We argue that the overarching goal of research synthesis in this context is to provide policy-relevant evidence for broad-brush conclusions. We propose three main criteria to select among research synthesis methods. We discuss how in principle and in current practice synthesis of research on the price-elasticity of smoking meets our proposed criteria. Our analysis of current practice also contributes to academic research on the specific policy question of the effectiveness of higher cigarette prices to reduce smoking. Although we point out challenges and limitations, we believe more work on research synthesis in this area will be productive and important. © 2015 Society for Risk Analysis.

An Econometric Model for Estimating IQ Scores and Environmental Influences on the Pattern of IQ Scores Over Time.

ERIC Educational Resources Information Center

Kadane, Joseph B.; And Others

This paper offers a preliminary analysis of the effects of a semi-segregated school system on the IQ's of its students. The basic data consist of IQ scores for fourth, sixth, and eighth grades and associated environmental data obtained from their school records. A statistical model is developed to analyze longitudinal data when both process error…

Public and Private School Distinction, Regional Development Differences, and Other Factors Influencing the Success of Primary School Students in Turkey

ERIC Educational Resources Information Center

Sulku, Seher Nur; Abdioglu, Zehra

2015-01-01

This study investigates the factors influencing the success of students in primary schools in Turkey. TIMSS 2011 data for Turkey, measuring the success of eighth-grade students in the field of mathematics, were used in an econometric analysis, performed using classical linear regression models. Two hundred thirty-nine schools participated in the…

Determining How Tertiary Education and Human Capital Formation Influenced Economic Expansion in Israel, Japan, and Norway from 2000-2010

ERIC Educational Resources Information Center

Kalkbrenner, Erin Lee

2014-01-01

Researchers have calculated the relationship between human capital development and economic output by various means of econometric modeling and by use of numerous indicators under the context of an assortment of human capital theory. This study was conducted to identify new interpretations of the expansion of human capital in the form of tertiary…

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

Treesearch

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

2007-01-01

We developed matrices representing historical area transitions between forest and other land uses. We projected future transitions on the basis of historical transitions and econometric model results. These matrices were used to drive a model of changes in soil and forest floor carbon stocks. Our model predicted net carbon emission from 1900 until 1982, then...

Model Study for an Economic Data Program on the Conditions of Arts and Cultural Institutions. Final Report.

ERIC Educational Resources Information Center

Deane, Robert T.; And Others

The development of econometric models and a data base to predict the responsiveness of arts institutions to changes in the economy is reported. The study focused on models for museums, theaters (profit and non-profit), symphony, ballet, opera, and dance. The report details four objectives of the project: to identify useful databases and studies on…

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

NASA Technical Reports Server (NTRS)

1976-01-01

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

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

NASA Technical Reports Server (NTRS)

1976-01-01

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

The Defense Department’s Support of Industry’s Independent Research and Development (IR&D). Analyses and Evaluation

DTIC Science & Technology

1989-04-01

Hill and Susan Bodilly were incorporated into this report. Todd Porter, a RAND Summer Intern, contributed to the data development, statistical...5Bailey and Lawrence , 1987, pp. 19-20. The R&D tax credit allowed a 25 percent credit for R&D expenditures in excess of the average amount spent...See J. A. Hausman , ’Specificaticn Tests in Econometrics,"Econormetrica, Vol, 46, No. 6, November 1978. 61 (7) and (8) report the results of this

Functional forms and price elasticities in a discrete continuous choice model of the residential water demand

NASA Astrophysics Data System (ADS)

Vásquez Lavín, F. A.; Hernandez, J. I.; Ponce, R. D.; Orrego, S. A.

2017-07-01

During recent decades, water demand estimation has gained considerable attention from scholars. From an econometric perspective, the most used functional forms include log-log and linear specifications. Despite the advances in this field and the relevance for policymaking, little attention has been paid to the functional forms used in these estimations, and most authors have not provided justifications for their selection of functional forms. A discrete continuous choice model of the residential water demand is estimated using six functional forms (log-log, full-log, log-quadratic, semilog, linear, and Stone-Geary), and the expected consumption and price elasticity are evaluated. From a policy perspective, our results highlight the relevance of functional form selection for both the expected consumption and price elasticity.

An Ecology of Prestige in New York City: Examining the Relationships Among Population Density, Socio-economic Status, Group Identity, and Residential Canopy Cover

NASA Astrophysics Data System (ADS)

Grove, J. Morgan; Locke, Dexter H.; O'Neil-Dunne, Jarlath P. M.

2014-09-01

Several social theories have been proposed to explain the uneven distribution of vegetation in urban residential areas: population density, social stratification, luxury effect, and ecology of prestige. We evaluate these theories using a combination of demographic and socio-economic predictors of vegetative cover on all residential lands in New York City. We use diverse data sources including the City's property database, time-series demographic and socio-economic data from the US Census, and land cover data from the University of Vermont's Spatial Analysis Lab (SAL). These data are analyzed using a multi-model inferential, spatial econometrics approach. We also examine the distribution of vegetation within distinct market categories using Claritas' Potential Rating Index for Zipcode Markets (PRIZM™) database. These categories can be disaggregated, corresponding to the four social theories. We compare the econometric and categorical results for validation. Models associated with ecology of prestige theory are more effective for predicting the distribution of vegetation. This suggests that private, residential patterns of vegetation, reflecting the consumption of environmentally relevant goods and services, are associated with different lifestyles and lifestages. Further, our spatial and temporal analyses suggest that there are significant spatial and temporal dependencies that have theoretical and methodological implications for understanding urban ecological systems. These findings may have policy implications. Decision makers may need to consider how to most effectively reach different social groups in terms of messages and messengers in order to advance land management practices and achieve urban sustainability.

An ecology of prestige in New York City: examining the relationships among population density, socio-economic status, group identity, and residential canopy cover.

PubMed

Grove, J Morgan; Locke, Dexter H; O'Neil-Dunne, Jarlath P M

2014-09-01

Several social theories have been proposed to explain the uneven distribution of vegetation in urban residential areas: population density, social stratification, luxury effect, and ecology of prestige. We evaluate these theories using a combination of demographic and socio-economic predictors of vegetative cover on all residential lands in New York City. We use diverse data sources including the City's property database, time-series demographic and socio-economic data from the US Census, and land cover data from the University of Vermont's Spatial Analysis Lab (SAL). These data are analyzed using a multi-model inferential, spatial econometrics approach. We also examine the distribution of vegetation within distinct market categories using Claritas' Potential Rating Index for Zipcode Markets (PRIZM™) database. These categories can be disaggregated, corresponding to the four social theories. We compare the econometric and categorical results for validation. Models associated with ecology of prestige theory are more effective for predicting the distribution of vegetation. This suggests that private, residential patterns of vegetation, reflecting the consumption of environmentally relevant goods and services, are associated with different lifestyles and lifestages. Further, our spatial and temporal analyses suggest that there are significant spatial and temporal dependencies that have theoretical and methodological implications for understanding urban ecological systems. These findings may have policy implications. Decision makers may need to consider how to most effectively reach different social groups in terms of messages and messengers in order to advance land management practices and achieve urban sustainability.

Billions of Dollars are Involved in Taxation of the Life Insurance Industry -- Some Corrections in the Law are Needed.

DTIC Science & Technology

1981-09-17

leading life companies, 1979 69 i A A TABLES 16 A comparative example of the reserve test Calculation 76 17 Comparative income tax burden of life...pp. 159-61. 2/J. David Cummins, An Econometric Model of the Life Insurance Sector of the U.S. Economy (Lexington, Mass.: Lexington Books, 1975), p. 57...3/Cummins, Econometric Model, p. 44. 4/Fact Book 1979, p. 32. 23 decades earlier. 1/ This decline has been attributed to two sources. First, as

IWR-MAIN Water Use Forecasting System. Version 5.1. User’s Manual and System Description

DTIC Science & Technology

1987-12-01

Crosschecks for Input Data 1-68 11-1 Organization of the IWR-MAIN System H-8 11-2 Example of Econometric Demand Model 11-9 11-3 Example of Unit Use Coefficient...Unaccounted (entry does not affect default Loss and free service calculations) Y Conservation Data City Name: Test City USA Fl-Hetp, F2-return to monu, F4...socioeconomic data. 1-11 (1) Internal Growth Models The IWR-MAIN program contains a subroutine called GROWTH which uses econometric growth models based on

Long-term US energy outlook

DOE Office of Scientific and Technical Information (OSTI.GOV)

Friesen, G.

Chase Econometrics summarizes the assumptions underlying long-term US energy forecasts. To illustrate the uncertainty involved in forecasting for the period to the year 2000, they compare Chase Econometrics forecasts with some recent projections prepared by the DOE Office of Policy, Planning and Analysis for the annual National Energy Policy Plan supplement. Scenario B, the mid-range reference case, is emphasized. The purpose of providing Scenario B as well as Scenarios A and C as alternate cases is to show the sensitivity of oil price projections to small swings in energy demand. 4 tables.

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

PubMed

Eluru, Naveen; Bhat, Chandra R

2007-09-01

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

Non-robust dynamic inferences from macroeconometric models: Bifurcation stratification of confidence regions

NASA Astrophysics Data System (ADS)

Barnett, William A.; Duzhak, Evgeniya Aleksandrovna

2008-06-01

Grandmont [J.M. Grandmont, On endogenous competitive business cycles, Econometrica 53 (1985) 995-1045] found that the parameter space of the most classical dynamic models is stratified into an infinite number of subsets supporting an infinite number of different kinds of dynamics, from monotonic stability at one extreme to chaos at the other extreme, and with many forms of multiperiodic dynamics in between. The econometric implications of Grandmont’s findings are particularly important, if bifurcation boundaries cross the confidence regions surrounding parameter estimates in policy-relevant models. Stratification of a confidence region into bifurcated subsets seriously damages robustness of dynamical inferences. Recently, interest in policy in some circles has moved to New-Keynesian models. As a result, in this paper we explore bifurcation within the class of New-Keynesian models. We develop the econometric theory needed to locate bifurcation boundaries in log-linearized New-Keynesian models with Taylor policy rules or inflation-targeting policy rules. Central results needed in this research are our theorems on the existence and location of Hopf bifurcation boundaries in each of the cases that we consider.

Energy risk in the arbitrage pricing model: an empirical and theoretical study

DOE Office of Scientific and Technical Information (OSTI.GOV)

Bremer, M.A.

1986-01-01

This dissertation empirically explores the Arbitrage Pricing Theory in the context of energy risk for securities over the 1960s, 1970s, and early 1980s. Starting from a general multifactor pricing model, the paper develops a two factor model based on a market-like factor and an energy factor. This model is then tested on portfolios of securities grouped according to industrial classification using several econometric techniques designed to overcome some of the more serious estimation problems common to these models. The paper concludes that energy risk is priced in the 1970s and possibly even in the 1960s. Energy risk is found tomore » be priced in the sense that investors who hold assets subjected to energy risk are paid for this risk. The classic version of the Capital Asset Pricing Model which posits the market as the single priced factor is rejected in favor of the Arbitrage Pricing Theory or multi-beta versions of the Capital Asset Pricing Model. The study introduces some original econometric methodology to carry out empirical tests.« less

Adverse and Advantageous Selection in the Medicare Supplemental Market: A Bayesian Analysis of Prescription drug Expenditure.

PubMed

Li, Qian; Trivedi, Pravin K

2016-02-01

This paper develops an extended specification of the two-part model, which controls for unobservable self-selection and heterogeneity of health insurance, and analyzes the impact of Medicare supplemental plans on the prescription drug expenditure of the elderly, using a linked data set based on the Medicare Current Beneficiary Survey data for 2003-2004. The econometric analysis is conducted using a Bayesian econometric framework. We estimate the treatment effects for different counterfactuals and find significant evidence of endogeneity in plan choice and the presence of both adverse and advantageous selections in the supplemental insurance market. The average incentive effect is estimated to be $757 (2004 value) or 41% increase per person per year for the elderly enrolled in supplemental plans with drug coverage against the Medicare fee-for-service counterfactual and is $350 or 21% against the supplemental plans without drug coverage counterfactual. The incentive effect varies by different sources of drug coverage: highest for employer-sponsored insurance plans, followed by Medigap and managed medicare plans. Copyright © 2014 John Wiley & Sons, Ltd.

The Effects of Defense and Security on Capital Formation in Africa: An Empirical Investigation

DTIC Science & Technology

1988-09-01

costs in forgone investment of defense. An econometric model is constructed and applied to data from 27 Sub-Saharan African countries from 1971 through...undeniably greater homogeneity among African countries than among developing countries from different regions. Most of the countries considered here...alter our conclusions. Despite these similarities, there is considerable variation among African countries as well. About one-third of the countries

Day of the week effect in paper submission/acceptance/rejection to/in/by peer review journals. II. An ARCH econometric-like modeling

NASA Astrophysics Data System (ADS)

Ausloos, Marcel; Nedic, Olgica; Dekanski, Aleksandar; Mrowinski, Maciej J.; Fronczak, Piotr; Fronczak, Agata

2017-02-01

This paper aims at providing a statistical model for the preferred behavior of authors submitting a paper to a scientific journal. The electronic submission of (about 600) papers to the Journal of the Serbian Chemical Society has been recorded for every day from Jan. 01, 2013 till Dec. 31, 2014, together with the acceptance or rejection paper fate. Seasonal effects and editor roles (through desk rejection and subfield editors) are examined. An ARCH-like econometric model is derived stressing the main determinants of the favorite day-of-week process.

The Science of Science Policy: A Federal Research Roadmap

DTIC Science & Technology

2008-11-01

and Atmospheric Administra on, h p://www.ncdc.noaa.gov/ oa /climate/globalwarming.html#q4. T S S P : A F R R4 maintain the na on’s dominance...econometric studies, surveys, case studies, and retrospec ve analyses. Econometric studies include the macroeconomic growth models pioneered by Robert...R A W ha t a re th e be ha vi or al fo un da o ns o f i nn ov a- o n? U nd er st an di ng th e be ha vi or o f i nd iv id ua ls an d

Directory of Energy Information Administration model abstracts 1988

DOE Office of Scientific and Technical Information (OSTI.GOV)

Not Available

1988-01-01

This directory contains descriptions about each basic and auxiliary model, including the title, acronym, purpose, and type, followed by more detailed information on characteristics, uses, and requirements. For developing models, limited information is provided. Sources for additional information are identified. Included in this directory are 44 EIA models active as of February 1, 1988; 16 of which operate on personal computers. Models that run on personal computers are identified by ''PC'' as part of the acronyms. The main body of this directory is an alphabetical listing of all basic and auxiliary EIA models. Appendix A identifies major EIA modeling systemsmore » and the models within these systems, and Appendix B identifies EIA models by type (basic or auxiliary). Appendix C lists developing models and contact persons for those models. A basic model is one designated by the EIA Administrator as being sufficiently important to require sustained support and public scrutiny. An auxiliary model is one designated by the EIA Administrator as being used only occasionally in analyses, and therefore requires minimal levels of documentation. A developing model is one designated by the EIA Administrator as being under development and yet of sufficient interest to require a basic level of documentation at a future date. EIA also leases models developed by proprietary software vendors. Documentation for these ''proprietary'' models is the responsibility of the companies from which they are leased. EIA has recently leased models from Chase Econometrics, Inc., Data Resources, Inc. (DRI), the Oak Ridge National Laboratory (ORNL), and Wharton Econometric Forecasting Associates (WEFA). Leased models are not abstracted here.« less

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

NASA Technical Reports Server (NTRS)

Cyr, K. J.

1981-01-01

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

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

NASA Technical Reports Server (NTRS)

Thomas, J. M.; Hanagud, S.

1974-01-01

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

Hierarchical Architectural Considerations in Econometric Modeling of Manufacturing Systems

DTIC Science & Technology

1981-06-01

behavioral factors must also be considered. A proposed economic model, to be aligned with ICAM program intentions, should be generic and have the... relevant to the effort and to identify contractors, if any, involved in economic model development. Due to the nature of involvement of other con...tractors with the ICAM program office, information which was thought relevant to the initiation of the current effort was in a lag-time and was

FBST for Cointegration Problems

NASA Astrophysics Data System (ADS)

Diniz, M.; Pereira, C. A. B.; Stern, J. M.

2008-11-01

In order to estimate causal relations, the time series econometrics has to be aware of spurious correlation, a problem first mentioned by Yule [21]. To solve the problem, one can work with differenced series or use multivariate models like VAR or VEC models. In this case, the analysed series are going to present a long run relation i.e. a cointegration relation. Even though the Bayesian literature about inference on VAR/VEC models is quite advanced, Bauwens et al. [2] highlight that "the topic of selecting the cointegrating rank has not yet given very useful and convincing results." This paper presents the Full Bayesian Significance Test applied to cointegration rank selection tests in multivariate (VAR/VEC) time series models and shows how to implement it using available in the literature and simulated data sets. A standard non-informative prior is assumed.

Informing Ex Ante Event Studies with Macro-Econometric Evidence on the Structural and Policy Impacts of Terrorism.

PubMed

Nassios, Jason; Giesecke, James A

2018-04-01

Economic consequence analysis is one of many inputs to terrorism contingency planning. Computable general equilibrium (CGE) models are being used more frequently in these analyses, in part because of their capacity to accommodate high levels of event-specific detail. In modeling the potential economic effects of a hypothetical terrorist event, two broad sets of shocks are required: (1) physical impacts on observable variables (e.g., asset damage); (2) behavioral impacts on unobservable variables (e.g., investor uncertainty). Assembling shocks describing the physical impacts of a terrorist incident is relatively straightforward, since estimates are either readily available or plausibly inferred. However, assembling shocks describing behavioral impacts is more difficult. Values for behavioral variables (e.g., required rates of return) are typically inferred or estimated by indirect means. Generally, this has been achieved via reference to extraneous literature or ex ante surveys. This article explores a new method. We elucidate the magnitude of CGE-relevant structural shifts implicit in econometric evidence on terrorist incidents, with a view to informing future ex ante event assessments. Ex post econometric studies of terrorism by Blomberg et al. yield macro econometric equations that describe the response of observable economic variables (e.g., GDP growth) to terrorist incidents. We use these equations to determine estimates for relevant (unobservable) structural and policy variables impacted by terrorist incidents, using a CGE model of the United States. This allows us to: (i) compare values for these shifts with input assumptions in earlier ex ante CGE studies; and (ii) discuss how future ex ante studies can be informed by our analysis. © 2017 Society for Risk Analysis.

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

PubMed

Mullahy, J

1998-06-01

In health economics applications involving outcomes (y) and covariates (x), it is often the case that the central inferential problems of interest involve E[y/x] and its associated partial effects or elasticities. Many such outcomes have two fundamental statistical properties: y > or = 0; and the outcome y = 0 is observed with sufficient frequency that the zeros cannot be ignored econometrically. This paper (1) describes circumstances where the standard two-part model with homoskedastic retransformation will fail to provide consistent inferences about important policy parameters; and (2) demonstrates some alternative approaches that are likely to prove helpful in applications.

Entropy Econometrics for combining regional economic forecasts: A Data-Weighted Prior Estimator

NASA Astrophysics Data System (ADS)

Fernández-Vázquez, Esteban; Moreno, Blanca

2017-10-01

Forecast combination has been studied in econometrics for a long time, and the literature has shown the superior performance of forecast combination over individual predictions. However, there is still controversy on which is the best procedure to specify the forecast weights. This paper explores the possibility of using a procedure based on Entropy Econometrics, which allows setting the weights for the individual forecasts as a mixture of different alternatives. In particular, we examine the ability of the Data-Weighted Prior Estimator proposed by Golan (J Econom 101(1):165-193, 2001) to combine forecasting models in a context of small sample sizes, a relative common scenario when dealing with time series for regional economies. We test the validity of the proposed approach using a simulation exercise and a real-world example that aims at predicting gross regional product growth rates for a regional economy. The forecasting performance of the Data-Weighted Prior Estimator proposed is compared with other combining methods. The simulation results indicate that in scenarios of heavily ill-conditioned datasets the approach suggested dominates other forecast combination strategies. The empirical results are consistent with the conclusions found in the numerical experiment.

Ratio-based estimators for a change point in persistence.

PubMed

Halunga, Andreea G; Osborn, Denise R

2012-11-01

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

A comparative analysis of errors in long-term econometric forecasts

DOE Office of Scientific and Technical Information (OSTI.GOV)

Tepel, R.

1986-04-01

The growing body of literature that documents forecast accuracy falls generally into two parts. The first is prescriptive and is carried out by modelers who use simulation analysis as a tool for model improvement. These studies are ex post, that is, they make use of known values for exogenous variables and generate an error measure wholly attributable to the model. The second type of analysis is descriptive and seeks to measure errors, identify patterns among errors and variables and compare forecasts from different sources. Most descriptive studies use an ex ante approach, that is, they evaluate model outputs based onmore » 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.« less

Hydrogen production econometric studies. [hydrogen and fossil fuels

NASA Technical Reports Server (NTRS)

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

1975-01-01

The current assessments of fossil fuel resources in the United States were examined, and predictions of the maximum and minimum lifetimes of recoverable resources according to these assessments are presented. In addition, current rates of production in quads/year for the fossil fuels were determined from the literature. Where possible, costs of energy, location of reserves, and remaining time before these reserves are exhausted are given. Limitations that appear to hinder complete development of each energy source are outlined.

Attrition Bias in Panel Data: A Sheep in Wolf's Clothing? A Case Study Based on the Mabel Survey.

PubMed

Cheng, Terence C; Trivedi, Pravin K

2015-09-01

This paper investigates the nature and consequences of sample attrition in a unique longitudinal survey of medical doctors. We describe the patterns of non-response and examine if attrition affects the econometric analysis of medical labour market outcomes using the estimation of physician earnings equations as a case study. We compare the econometric gestimates obtained from a number of different modelling strategies, which are as follows: balanced versus unbalanced samples; an attrition model for panel data based on the classic sample selection model; and a recently developed copula-based selection model. Descriptive evidence shows that doctors who work longer hours, have lower years of experience, are overseas trained and have changed their work location are more likely to drop out. Our analysis suggests that the impact of attrition on inference about the earnings of general practitioners is small. For specialists, there appears to be some evidence for an economically significant bias. Finally, we discuss how the top-up samples in the Medicine in Australia: Balancing Employment and Life survey can be used to address the problem of panel attrition. Copyright © 2015 John Wiley & Sons, Ltd.

Macro policy responses to oil booms and busts in the United Arab Emirates

DOE Office of Scientific and Technical Information (OSTI.GOV)

Al-Mutawa, A.K.

1991-01-01

The effects of oil shocks and macro policy changes in the United Arab Emirates are analyzed. A theoretical model is developed within the framework of the Dutch Disease literature. It contains four unique features that are applicable to the United Arab Emirates' economy. There are: (1) the presence of a large foreign labor force; (2) OPEC's oil export quotas; (3) the division of oil profits; and (4) the important role of government expenditures. The model is then used to examine the welfare effects of the above-mentioned shocks. An econometric model is then specified that conforms to the analytical model. Inmore » the econometric model the method of principal components' is applied owing to the undersized sample data. The principal components methodology is used in both the identification testing and the estimation of the structural equations. The oil and macro policy shocks are then simulated. The simulation results show that an oil-quantity boom leads to a higher welfare gain than an oil-price boom. Under certain circumstances, this finding is also confirmed by the comparative statistics that follow from the analytical model.« less

Assessing the impact of vulnerability on perceptions of social cohesion in the context of community resilience to disaster in the Blue Mountains.

PubMed

Redshaw, Sarah; Ingham, Valerie; McCutcheon, Marion; Hicks, John; Burmeister, Oliver

2018-02-01

To assess the impact of network communications, community participation and elements of vulnerability on the perception of social cohesiveness in the Blue Mountains local government area (Blue Mountains LGA). A questionnaire was administered to residents of the Blue Mountains LGA. Econometric analysis of the resulting data was undertaken. Blue Mountains LGA, Australia. One thousand one hundred and three residents of the Blue Mountains LGA responded to the questionnaire. The responses enabled the construction of variables measuring individual perceptions of community cohesiveness, their network communications and community participation. Demographic data and data on the vulnerabilities of individuals were also collected. The data were used in an econometric model which identified that network communications and community participation impacted positively on perceptions of social cohesiveness while vulnerability factors had a negative impact. Remedial action to build community cohesiveness and network communications can be expected to have a positive impact on social cohesiveness. In developing strategies to build community cohesiveness and network communication, particular care needs to be taken to ensure the inclusion of those members of society who are regarded as the most vulnerable. © 2017 National Rural Health Alliance Inc.

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

USGS Publications Warehouse

Slade, M.E.

1980-01-01

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

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

PubMed

Kohn, Jennifer L; Averett, Susan L

2014-07-01

The dynamic evolution of health and persistent relationship status pose econometric challenges to disentangling the causal effect of relationships on health from the selection effect of health on relationship choice. Using a new econometric strategy we find that marriage is not universally better for health. Rather, cohabitation benefits the health of men and women over 45, being never married is no worse for health, and only divorce marginally harms the health of younger men. We find strong evidence that unobservable health-related factors can confound estimates. Our method can be applied to other research questions with dynamic dependent and multivariate endogenous variables. Copyright © 2014 Elsevier B.V. All rights reserved.

Irrigation water demand: A meta-analysis of price elasticities

NASA Astrophysics Data System (ADS)

Scheierling, Susanne M.; Loomis, John B.; Young, Robert A.

2006-01-01

Metaregression models are estimated to investigate sources of variation in empirical estimates of the price elasticity of irrigation water demand. Elasticity estimates are drawn from 24 studies reported in the United States since 1963, including mathematical programming, field experiments, and econometric studies. The mean price elasticity is 0.48. Long-run elasticities, those that are most useful for policy purposes, are likely larger than the mean estimate. Empirical results suggest that estimates may be more elastic if they are derived from mathematical programming or econometric studies and calculated at a higher irrigation water price. Less elastic estimates are found to be derived from models based on field experiments and in the presence of high-valued crops.

Air cargo market outlook and impact via the NASA CLASS project. [Cargo/Logistics Airlift Systems Study

NASA Technical Reports Server (NTRS)

Winston, M. M.; Conner, D. W.

1980-01-01

An overview is given of the Cargo/Logistics Airlift Systems Study (CLASS) project which was a 10 man-year effort carried out by two contractor teams, aimed at defining factors impacting future system growth and obtaining market requirements and design guidelines for future air freighters. Growth projection was estimated by two approaches: one, an optimal systems approach with a more efficient and cost effective system considered as being available in 1990; and the other, an evolutionary approach with an econometric behavior model used to predict long term evolution from the present system. Both approaches predict significant growth in demand for international air freighter services and less growth for U.S. domestic services. Economic analysis of air freighter fleet options indicate very strong market appeal of derivative widebody transports in 1990 with little incentive to develop all new dedicated air freighters utilizing the 1990's technology until sometime beyond the year 2000. Advanced air freighters would be economically attractive for a wide range of payload sizes (to 500 metric tons), however, if a government would share in the RD and T costs by virtue of its needs for a slightly modified version of a civil air freighter design (a.g. military airlifter).

Municipal water consumption forecast accuracy

NASA Astrophysics Data System (ADS)

Fullerton, Thomas M.; Molina, Angel L.

2010-06-01

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

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

DOE Office of Scientific and Technical Information (OSTI.GOV)

Abercrombie, Robert K; Sheldon, Frederick T; Grimaila, Michael R

2010-01-01

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

Identifying economics' place amongst academic disciplines: a science or a social science?

PubMed

Hudson, John

2017-01-01

Different academic disciplines exhibit different styles, including styles in journal titles. Using data from the 2014 Research Excellence Framework (REF) in the UK we are able to identify the stylistic trends of different disciplines using 155,552 journal titles across all disciplines. Cluster analysis is then used to group the different disciplines together. The resulting identification fits the social sciences, the sciences and the arts and humanities reasonably well. Economics overall, fits best with philosophy, but the linkage is weak. When we divided economics into papers published in theory, econometrics and the remaining journals, the first two link with mathematics and computer science, particularly econometrics, and thence the sciences. The rest of economics then links with business and thence the social sciences.

A national econometric forecasting model of the dental sector.

PubMed Central

Feldstein, P J; Roehrig, C S

1980-01-01

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

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

PubMed

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

2011-05-01

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. Copyright © 2011 Elsevier Ltd. All rights reserved.

Medium-term electric power demand forecasting based on economic-electricity transmission model

NASA Astrophysics Data System (ADS)

Li, Wenfeng; Bao, Fangmin; Bai, Hongkun; Liu, Wei; Liu, Yongmin; Mao, Yubin; Wang, Jiangbo; Liu, Junhui

2018-06-01

Electric demand forecasting is a basic work to ensure the safe operation of power system. Based on the theories of experimental economics and econometrics, this paper introduces Prognoz Platform 7.2 intelligent adaptive modeling platform, and constructs the economic electricity transmission model that considers the economic development scenarios and the dynamic adjustment of industrial structure to predict the region's annual electricity demand, and the accurate prediction of the whole society's electricity consumption is realized. Firstly, based on the theories of experimental economics and econometrics, this dissertation attempts to find the economic indicator variables that drive the most economical growth of electricity consumption and availability, and build an annual regional macroeconomic forecast model that takes into account the dynamic adjustment of industrial structure. Secondly, it innovatively put forward the economic electricity directed conduction theory and constructed the economic power transfer function to realize the group forecast of the primary industry + rural residents living electricity consumption, urban residents living electricity, the second industry electricity consumption, the tertiary industry electricity consumption; By comparing with the actual value of economy and electricity in Henan province in 2016, the validity of EETM model is proved, and the electricity consumption of the whole province from 2017 to 2018 is predicted finally.

An evaluation of dynamic mutuality measurements and methods in cyclic time series

NASA Astrophysics Data System (ADS)

Xia, Xiaohua; Huang, Guitian; Duan, Na

2010-12-01

Several measurements and techniques have been developed to detect dynamic mutuality and synchronicity of time series in econometrics. This study aims to compare the performances of five methods, i.e., linear regression, dynamic correlation, Markov switching models, concordance index and recurrence quantification analysis, through numerical simulations. We evaluate the abilities of these methods to capture structure changing and cyclicity in time series and the findings of this paper would offer guidance to both academic and empirical researchers. Illustration examples are also provided to demonstrate the subtle differences of these techniques.

An examination of flexible spending accounts.

PubMed

Cardon, J H; Showalter, M H

2001-11-01

This paper develops a framework for analyzing flexible spending account (FSA) participation and usage. We explore patterns of FSA usage using data from a benefits firm for 1996 including an examination of types of FSA expenditures and their timing. We estimate some simple econometric models of the participation decision and also the decision of how much to put into an FSA. Several pieces of evidence suggest that much of an FSA election amount is based on foreknowledge of expenditures. We also find that participants tend to spend their election amount early, thus obtaining an interest-free loan.

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

DOE Office of Scientific and Technical Information (OSTI.GOV)

Schumacher, Katja

1999-07-01

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

Analysis of environmental constraints on expanding reserves in current and future reservoirs in wetlands. Final report

DOE Office of Scientific and Technical Information (OSTI.GOV)

Harder, B.J.

1995-03-01

Louisiana wetlands require careful management to allow exploitation of non-renewable resources without destroying renewable resources. Current regulatory requirements have been moderately successful in meeting this goal by restricting development in wetland habitats. Continuing public emphasis on reducing environmental impacts of resource development is causing regulators to reassess their regulations and operators to rethink their compliance strategies. We examined the regulatory system and found that reducing the number of applications required by going to a single application process and having a coherent map of the steps required for operations in wetland areas would reduce regulatory burdens. Incremental changes can be mademore » to regulations to allow one agency to be the lead for wetland permitting at minimal cost to operators. Operators need cost effective means of access that will reduce environmental impacts, decrease permitting time, and limit future liability. Regulators and industry must partner to develop incentive based regulations that can provide significant environmental impact reduction for minimal economic cost. In addition regulators need forecasts of future E&P trends to estimate the impact of future regulations. To determine future activity we attempted to survey potential operators when this approach was unsuccessful we created two econometric models of north and south Louisiana relating drilling activity, success ratio, and price to predict future wetland activity. Results of the econometric models indicate that environmental regulations have a small but statistically significant effect on drilling operations in wetland areas of Louisiana. We examined current wetland practices and evaluated those practices comparing environmental versus economic costs and created a method for ranking the practices.« less

Intrafirm planning and mathematical modeling of owner's equity in industrial enterprises

NASA Astrophysics Data System (ADS)

Ponomareva, S. V.; Zheleznova, I. V.

2018-05-01

The article aims to review the different approaches to intrafirm planning of owner's equity in industrial enterprises. Since charter capital, additional capital and reserve capital do not change in the process of enterprise activity, the main interest lies on the field of share repurchases from shareholders and retained earnings within the owner's equity of the enterprise. In order to study the effect of share repurchases on the activities of the enterprise, let us use such mathematical methods as event study and econometric modeling. This article describes the step-by-step algorithm of carrying out event study and justifies the choice of Logit model in econometric analysis. The article represents basic results of conducted regression analysis on the effect of share repurchases on the key financial indicators in industrial enterprises.

Econometrics 101: forecasting demystified

DOE Office of Scientific and Technical Information (OSTI.GOV)

Crow, R.T.

1980-05-01

Forecasting by econometric modeling is described in a commonsense way which omits much of the technical jargon. A trend of continuous growth is no longer an adequate forecasting tool. Today's forecasters must consider rapid changes in price, policies, regulations, capital availability, and the cost of being wrong. A forecasting model is designed by identifying future influences on electricity purchases and quantifying their relationships to each other. A record is produced which can be evaluated and used to make corrections in the models. Residential consumption is used to illustrate how this works and to demonstrate how power consumption is also relatedmore » to the purchase and use of equipment. While models can quantify behavioral relationships, they cannot account for the impacts of non-price factors because of limited data. (DCK)« less

Econometric models for predicting confusion crop ratios

NASA Technical Reports Server (NTRS)

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

1979-01-01

Results for both the United States and Canada show that econometric models can provide estimates of confusion crop ratios that are more accurate than historical ratios. Whether these models can support the LACIE 90/90 accuracy criterion is uncertain. In the United States, experimenting with additional model formulations could provide improved methods models in some CRD's, particularly in winter wheat. Improved models may also be possible for the Canadian CD's. The more aggressive province/state models outperformed individual CD/CRD models. This result was expected partly because acreage statistics are based on sampling procedures, and the sampling precision declines from the province/state to the CD/CRD level. Declining sampling precision and the need to substitute province/state data for the CD/CRD data introduced measurement error into the CD/CRD models.

Spatial Econometric Research on the Relationship between Highway Construction and Regional Economic Growth in China: Evidence from the Nationwide Panel Data

NASA Astrophysics Data System (ADS)

Ye, N. J.; Li, W. J.; Li, Y.; Bai, Y. F.

2017-12-01

Based on spatial panel data from 2010 to 2016 in China, this paper makes an empirical analysis on the relationship between highway construction and regional economic growth by means of spatial econometric model. The results show that there is positive spatial correlation on regional economic growth in China, and strong spatial dependences between some provinces and cities appear, specifically, Hebei, Beijing, Tianjin, Shanghai, Zhejiang and other eastern coastal areas show high-high agglomeration trend, the Pearl River Delta region presents high-low agglomeration trend; In terms of nationwide provinces and municipalities, a province’s highway construction investment for their own province and the neighboring provinces has pulling effect on economic growth to a certain extent, and the direct effect is more obvious.

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

Federal Register 2010, 2011, 2012, 2013, 2014

2012-05-15

... bioethics, behavioral sciences, economics and statistics, as well as representatives of transplant...; law and bioethics; behavioral sciences; economics and econometrics; organ procurement organizations...

MEDISE: A macroeconomic model for energy planning in Costa Rica

DOE Office of Scientific and Technical Information (OSTI.GOV)

Booth, S.R.; Leiva, C.L.

This report describes the development and results of MEDISE, an econometric macroeconomic model for energy planning in Costa Rica. The model is a simultaneous system of 19 equations that was constructed using ENERPLAN, an energy planning tool developed by the United Nations for use in developing countries. The equations were estimated using regression analysis on a data time series of 1966 to 1984. ENERPLAN's model solution package was used to obtain forecasts of 19 economic variables from 1985 to 2005. the modeling effort was conducted jointly by Los Alamos Central American Energy and Resources Project (CAP) personnel and the Energymore » Sector Directorate of Costa Rica during 1986. The CAP was funded by the US Agency for International Development. 6 refs., 3 figs., 11 tabs.« less

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

NASA Astrophysics Data System (ADS)

Wells, Aaron Raymond

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

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

PubMed

Clement, Matthieu; Meunie, Andre

2010-01-01

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

Ethiopian Wheat Yield and Yield Gap Estimation: A Spatial Small Area Integrated Data Approach

NASA Astrophysics Data System (ADS)

Mann, M.; Warner, J.

2015-12-01

Despite the collection of routine annual agricultural surveys and significant advances in GIS and remote sensing products, little econometric research has been undertaken in predicting developing nation's agricultural yields. In this paper, we explore the determinants of wheat output per hectare in Ethiopia during the 2011-2013 Meher crop seasons aggregated to the woreda administrative area. Using a panel data approach, combining national agricultural field surveys with relevant GIS and remote sensing products, the model explains nearly 40% of the total variation in wheat output per hectare across the country. The model also identifies specific contributors to wheat yields that include farm management techniques (eg. area planted, improved seed, fertilizer, irrigation), weather (eg. rainfall), water availability (vegetation and moisture deficit indexes) and policy intervention. Our findings suggest that woredas produce between 9.8 and 86.5% of their potential wheat output per hectare given their altitude, weather conditions, terrain, and plant health. At the median, Amhara, Oromiya, SNNP, and Tigray produce 48.6, 51.5, 49.7, and 61.3% of their local attainable yields, respectively. This research has a broad range of applications, especially from a public policy perspective: identifying causes of yield fluctuations, remotely evaluating larger agricultural intervention packages, and analyzing relative yield potential. Overall, the combination of field surveys with spatial data can be used to identify management priorities for improving production at a variety of administrative levels.

Treatment effects model for assessing disease management: measuring outcomes and strengthening program management.

PubMed

Wendel, Jeanne; Dumitras, Diana

2005-06-01

This paper describes an analytical methodology for obtaining statistically unbiased outcomes estimates for programs in which participation decisions may be correlated with variables that impact outcomes. This methodology is particularly useful for intraorganizational program evaluations conducted for business purposes. In this situation, data is likely to be available for a population of managed care members who are eligible to participate in a disease management (DM) program, with some electing to participate while others eschew the opportunity. The most pragmatic analytical strategy for in-house evaluation of such programs is likely to be the pre-intervention/post-intervention design in which the control group consists of people who were invited to participate in the DM program, but declined the invitation. Regression estimates of program impacts may be statistically biased if factors that impact participation decisions are correlated with outcomes measures. This paper describes an econometric procedure, the Treatment Effects model, developed to produce statistically unbiased estimates of program impacts in this type of situation. Two equations are estimated to (a) estimate the impacts of patient characteristics on decisions to participate in the program, and then (b) use this information to produce a statistically unbiased estimate of the impact of program participation on outcomes. This methodology is well-established in economics and econometrics, but has not been widely applied in the DM outcomes measurement literature; hence, this paper focuses on one illustrative application.

Regional economic forecasting models: Suitability for use in the National Acid Precipitation Assessment Program

DOE Office of Scientific and Technical Information (OSTI.GOV)

South, D.W.; McDonald, J.F.; Oakland, W.H.

1990-02-01

In preparation for the Phase 1 test runs of the National Acid Precipitation Assessment Program Task Group B (TG-B) emissions model set, the need arose to provide regional economic data directly to the sector models in the model set and to the Argonne Regionalization Activity Module (ARAM). Candidate regional economic models were reviewed, and the Data Resources, Inc. (DRI), model was selected. This review of models, conducted during 1984--1985, is documented in this report. Even though considerable time has elapsed since then, the model descriptions and critique contained in this report are still fairly accurate and the recommendations should stillmore » be valid. There have been, however, some significant changes: (1) two of the economic consulting firms whose models were reviewed, Chase Econometrics and Wharton Econometric Forecasting Associates, have merged, (2) the DRI Regional Information System (DRI/RIS) now constructs a regional measure of industrial value of shipments, which will be used as the industrial activity variable (instead of employment) in the Phase 2 scenario analyses, and (3) based on recommendations from the third-party review of the TG-B model set, price-sensitive regional equations were developed to provide inputs, not already produced by the DRI/RIS model, directly to the sector models, thus eliminating the function served by ARAM. 44 refs., 12 figs., 44 tabs.« less

GARCH modelling of covariance in dynamical estimation of inverse solutions

NASA Astrophysics Data System (ADS)

Galka, Andreas; Yamashita, Okito; Ozaki, Tohru

2004-12-01

The problem of estimating unobserved states of spatially extended dynamical systems poses an inverse problem, which can be solved approximately by a recently developed variant of Kalman filtering; in order to provide the model of the dynamics with more flexibility with respect to space and time, we suggest to combine the concept of GARCH modelling of covariance, well known in econometrics, with Kalman filtering. We formulate this algorithm for spatiotemporal systems governed by stochastic diffusion equations and demonstrate its feasibility by presenting a numerical simulation designed to imitate the situation of the generation of electroencephalographic recordings by the human cortex.

Nitrogen Oxide Emission, Economic Growth and Urbanization in China: a Spatial Econometric Analysis

NASA Astrophysics Data System (ADS)

Zhou, Zhimin; Zhou, Yanli; Ge, Xiangyu

2018-01-01

This research studies the nexus of nitrogen oxide emissions and economic development/urbanization. Under the environmental Kuznets curve (EKC) hypothesis, we apply the analysis technique of spatial panel data in the STIRPAT framework, and thus obtain the estimated impacts of income/urbanization on nitrogen oxide emission systematically. The empirical findings suggest that spatial dependence on nitrogen oxide emission distribution exist at provincial level, and the inverse N-shape EKC describes both income-nitrogen oxide and urbanization-nitrogen oxide nexuses. In addition, some well-directed policy advices are made to reduce the nitrogen oxide emission in future.

Scale Mixture Models with Applications to Bayesian Inference

NASA Astrophysics Data System (ADS)

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

2003-11-01

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

Estimating Environmental Compliance Costs for Industry (1981)

EPA Pesticide Factsheets

The paper discusses the pros and cons of existing approaches to compliance cost estimation such as ex post survey estimation and ex ante estimation techniques (input cost accounting methods, engineering process models and, econometric models).

The economic value of remote sensing of earth resources from space: An ERTS overview and the value of continuity of service. Volume 3: Intensive use of living resources, agriculture. Part 3: The integrated impact of improved (ERS) information on US agricultural commodities

NASA Technical Reports Server (NTRS)

Seidel, A. D.

1974-01-01

The economic value of information produced by an assumed operational version of an earth resources survey satellite of the ERTS class is assessed. The theoretical capability of an ERTS system to provide improved agricultural forecasts is analyzed and this analysis is used as a reasonable input to the econometric methods derived by ECON. An econometric investigation into the markets for agricultural commodities is summarized. An overview of the effort including the objectives, scopes, and architecture of the analysis, and the estimation strategy employed is presented. The results and conclusions focus on the economic importance of improved crop forecasts, U.S. exports, and government policy operations. Several promising avenues of further investigation are suggested.

Evaluation of factors affecting prescribing behaviors, in iran pharmaceutical market by econometric methods.

PubMed

Tahmasebi, Nima; Kebriaeezadeh, Abbas

2015-01-01

Prescribing behavior of physicians affected by many factors. The present study is aimed at discovering the simultaneous effects of the evaluated factors (including: price, promotion and demographic characteristics of physicians) and quantification of these effects. In order to estimate these effects, Fluvoxamine (an antidepressant drug) was selected and the model was figured out by panel data method in econometrics. We found that insurance and advertisement respectively are the most effective on increasing the frequency of prescribing, whilst negative correlation was observed between price and the frequency of prescribing a drug. Also brand type is more sensitive to negative effect of price than to generic. Furthermore, demand for a prescription drug is related with physician demographics (age and sex). According to the results of this study, pharmaceutical companies should pay more attention to the demographic characteristics of physicians (age and sex) and their advertisement and pricing strategies.

Panel data analysis of cardiotocograph (CTG) data.

PubMed

Horio, Hiroyuki; Kikuchi, Hitomi; Ikeda, Tomoaki

2013-01-01

Panel data analysis is a statistical method, widely used in econometrics, which deals with two-dimensional panel data collected over time and over individuals. Cardiotocograph (CTG) which monitors fetal heart rate (FHR) using Doppler ultrasound and uterine contraction by strain gage is commonly used in intrapartum treatment of pregnant women. Although the relationship between FHR waveform pattern and the outcome such as umbilical blood gas data at delivery has long been analyzed, there exists no accumulated FHR patterns from large number of cases. As time-series economic fluctuations in econometrics such as consumption trend has been studied using panel data which consists of time-series and cross-sectional data, we tried to apply this method to CTG data. The panel data composed of a symbolized segment of FHR pattern can be easily handled, and a perinatologist can get the whole FHR pattern view from the microscopic level of time-series FHR data.

Optimizing distance-based methods for large data sets

NASA Astrophysics Data System (ADS)

Scholl, Tobias; Brenner, Thomas

2015-10-01

Distance-based methods for measuring spatial concentration of industries have received an increasing popularity in the spatial econometrics community. However, a limiting factor for using these methods is their computational complexity since both their memory requirements and running times are in {{O}}(n^2). In this paper, we present an algorithm with constant memory requirements and shorter running time, enabling distance-based methods to deal with large data sets. We discuss three recent distance-based methods in spatial econometrics: the D&O-Index by Duranton and Overman (Rev Econ Stud 72(4):1077-1106, 2005), the M-function by Marcon and Puech (J Econ Geogr 10(5):745-762, 2010) and the Cluster-Index by Scholl and Brenner (Reg Stud (ahead-of-print):1-15, 2014). Finally, we present an alternative calculation for the latter index that allows the use of data sets with millions of firms.

Evaluation of Factors Affecting Prescribing Behaviors, in Iran Pharmaceutical Market by Econometric Methods

PubMed Central

Tahmasebi, Nima; Kebriaeezadeh, Abbas

2015-01-01

Prescribing behavior of physicians affected by many factors. The present study is aimed at discovering the simultaneous effects of the evaluated factors (including: price, promotion and demographic characteristics of physicians) and quantification of these effects. In order to estimate these effects, Fluvoxamine (an antidepressant drug) was selected and the model was figured out by panel data method in econometrics. We found that insurance and advertisement respectively are the most effective on increasing the frequency of prescribing, whilst negative correlation was observed between price and the frequency of prescribing a drug. Also brand type is more sensitive to negative effect of price than to generic. Furthermore, demand for a prescription drug is related with physician demographics (age and sex). According to the results of this study, pharmaceutical companies should pay more attention to the demographic characteristics of physicians (age and sex) and their advertisement and pricing strategies. PMID:25901174

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

DOE Office of Scientific and Technical Information (OSTI.GOV)

Abercrombie, Robert K; Schlicher, Bob G; Sheldon, Frederick T

2014-01-01

Information security continues to evolve in response to disruptive changes with a persistent focus on information-centric controls and a healthy debate about balancing endpoint and network protection, with a goal of improved enterprise/business risk management. Economic uncertainty, intensively collaborative styles of work, virtualization, increased outsourcing and ongoing compliance pressures require careful consideration and adaptation. The Cyberspace Security Econometrics System (CSES) provides a measure (i.e., a quantitative indication) of reliability, performance, and/or safety of a system that accounts for the criticality of each requirement as a function of one or more stakeholders interests in that requirement. For a given stakeholder, CSESmore » 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.« less

Risk-adjusted econometric model to estimate postoperative costs: an additional instrument for monitoring performance after major lung resection.

PubMed

Brunelli, Alessandro; Salati, Michele; Refai, Majed; Xiumé, Francesco; Rocco, Gaetano; Sabbatini, Armando

2007-09-01

The objectives of this study were to develop a risk-adjusted model to estimate individual postoperative costs after major lung resection and to use it for internal economic audit. Variable and fixed hospital costs were collected for 679 consecutive patients who underwent major lung resection from January 2000 through October 2006 at our unit. Several preoperative variables were used to develop a risk-adjusted econometric model from all patients operated on during the period 2000 through 2003 by a stepwise multiple regression analysis (validated by bootstrap). The model was then used to estimate the postoperative costs in the patients operated on during the 3 subsequent periods (years 2004, 2005, and 2006). Observed and predicted costs were then compared within each period by the Wilcoxon signed rank test. Multiple regression and bootstrap analysis yielded the following model predicting postoperative cost: 11,078 + 1340.3X (age > 70 years) + 1927.8X cardiac comorbidity - 95X ppoFEV1%. No differences between predicted and observed costs were noted in the first 2 periods analyzed (year 2004, $6188.40 vs $6241.40, P = .3; year 2005, $6308.60 vs $6483.60, P = .4), whereas in the most recent period (2006) observed costs were significantly lower than the predicted ones ($3457.30 vs $6162.70, P < .0001). Greater precision in predicting outcome and costs after therapy may assist clinicians in the optimization of clinical pathways and allocation of resources. Our economic model may be used as a methodologic template for economic audit in our specialty and complement more traditional outcome measures in the assessment of performance.

A review on models for count data with extra zeros

NASA Astrophysics Data System (ADS)

Zamri, Nik Sarah Nik; Zamzuri, Zamira Hasanah

2017-04-01

Typically, the zero inflated models are usually used in modelling count data with excess zeros. The existence of the extra zeros could be structural zeros or random which occur by chance. These types of data are commonly found in various disciplines such as finance, insurance, biomedical, econometrical, ecology, and health sciences. As found in the literature, the most popular zero inflated models used are zero inflated Poisson and zero inflated negative binomial. Recently, more complex models have been developed to account for overdispersion and unobserved heterogeneity. In addition, more extended distributions are also considered in modelling data with this feature. In this paper, we review related literature, provide a recent development and summary on models for count data with extra zeros.

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

PubMed Central

Bond, Lyndal; Hilton, Shona

2014-01-01

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

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

Federal Register 2010, 2011, 2012, 2013, 2014

2013-08-13

...; behavioral sciences; economics and econometrics; organ procurement organizations; transplant candidates..., non-physician transplant professions, nursing, epidemiology, immunology, law and bioethics, behavioral sciences, economics and statistics, as well as representatives of transplant candidates, transplant...

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

Federal Register 2010, 2011, 2012, 2013, 2014

2010-09-22

... bioethics; behavioral sciences; economics and econometrics; organ procurement organizations; transplant..., non-physician transplant professions, nursing, epidemiology, immunology, law and bioethics, behavioral sciences, economics and statistics, as well as representatives of transplant candidates, transplant...

An econometric simulation model of income and electricity demand in Alaska's Railbelt, 1982-2022

DOE Office of Scientific and Technical Information (OSTI.GOV)

Maddigan, R.J.; Hill, L.J.; Hamblin, D.M.

1987-01-01

This report describes the specification of-and forecasts derived from-the Alaska Railbelt Electricity Load, Macroeconomic (ARELM) model. ARELM was developed as an independent, modeling tool for the evaluation of the need for power from the Susitna Hydroelectric Project which has been proposed by the Alaska Power Authority. ARELM is an econometric simulation model consisting of 61 equations - 46 behavioral equations and 15 identities. The system includes two components: (1) ARELM-MACRO which is a system of equations that simulates the performance of both the total Alaskan and Railbelt macroeconomies and (2) ARELM-LOAD which projects electricity-related activity in the Alaskan Railbelt region.more » The modeling system is block recursive in the sense that forecasts of population, personal income, and employment in the Railbelt derived from ARELM-MACRO are used as explanatory variables in ARELM-LOAD to simulate electricity demand, the real average price of electricity, and the number of customers in the Railbelt. Three scenarios based on assumptions about the future price of crude oil are simulated and documented in the report. The simulations, which do not include the cost-of-power impacts of Susitna-based generation, show that the growth rate in Railbelt electricity load is between 2.5 and 2.7% over the 1982 to 2022 forecast period. The forecasting results are consistent with other projections of load growth in the region using different modeling approaches.« less

Effectiveness of conservation easements in agricultural regions.

PubMed

Braza, Mark

2017-08-01

Conservation easements are a standard technique for preventing habitat loss, particularly in agricultural regions with extensive cropland cultivation, yet little is known about their effectiveness. I developed a spatial econometric approach to propensity-score matching and used the approach to estimate the amount of habitat loss prevented by a grassland conservation easement program of the U.S. federal government. I used a spatial autoregressive probit model to predict tract enrollment in the easement program as of 2001 based on tract agricultural suitability, habitat quality, and spatial interactions among neighboring tracts. Using the predicted values from the model, I matched enrolled tracts with similar unenrolled tracts to form a treatment group and a control group. To measure the program's impact on subsequent grassland loss, I estimated cropland cultivation rates for both groups in 2014 with a second spatial probit model. Between 2001 and 2014, approximately 14.9% of control tracts were cultivated and 0.3% of treated tracts were cultivated. Therefore, approximately 14.6% of the protected land would have been cultivated in the absence of the program. My results demonstrate that conservation easements can significantly reduce habitat loss in agricultural regions; however, the enrollment of tracts with low cropland suitability may constrain the amount of habitat loss they prevent. My results also show that spatial econometric models can improve the validity of control groups and thereby strengthen causal inferences about program effectiveness in situations when spatial interactions influence conservation decisions. © 2017 Society for Conservation Biology.

Pricing and Welfare in Health Plan Choice.

PubMed

Bundorf, M Kate; Levin, Jonathan; Mahoney, Neale

2012-12-01

Premiums in health insurance markets frequently do not reflect individual differences in costs, either because consumers have private information or because prices are not risk rated. This creates inefficiencies when consumers self-select into plans. We develop a simple econometric model to study this problem and estimate it using data on small employers. We find a welfare loss of 2-11 percent of coverage costs compared to what is feasible with risk rating. Only about one-quarter of this is due to inefficiently chosen uniform contribution levels. We also investigate the reclassification risk created by risk rating individual incremental premiums, finding only a modest welfare cost.

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

DOE Office of Scientific and Technical Information (OSTI.GOV)

Poon, J.P.H.; Casas, I.; He, C.F.

2006-09-15

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

Granger Causality and Transfer Entropy Are Equivalent for Gaussian Variables

NASA Astrophysics Data System (ADS)

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

2009-12-01

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

Valuing Eastern Visibility: A Field Test of the Contingent Valuation Method (1993)

EPA Pesticide Factsheets

The report describes the Eastern visibility survey design in detail, presents the implementation of and data obtained from the surveys, provides summary statistics on the overall response and discusses the econometric techniques employed to value benefits.

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...

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

Federal Register 2010, 2011, 2012, 2013, 2014

2013-11-08

... analysis, survey methodology, geospatial analysis, econometrics, cognitive psychology, and computer science... following disciplines: demography, economics, geography, psychology, statistics, survey methodology, social... expertise in such areas as demography, economics, geography, psychology, statistics, survey methodology...

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

Federal Register 2010, 2011, 2012, 2013, 2014

2012-01-10

..., statistical analysis, survey methodology, geospatial analysis, econometrics, cognitive psychology, and... following disciplines: Demography, economics, geography, psychology, statistics, survey methodology, social... technical expertise in such areas as demography, economics, geography, psychology, statistics, survey...

The Role of Policy and Institutions on Health Spending.

PubMed

de la Maisonneuve, Christine; Moreno-Serra, Rodrigo; Murtin, Fabrice; Oliveira Martins, Joaquim

2017-07-01

This paper investigates the impact of policies and institutions on health expenditures for a large panel of Organisation for Economic Co-operation and Development countries for the period of 2000-2010. A set of 20 policy and institutional indicators developed by the Organisation for Economic Co-operation and Development are integrated into a theoretically motivated econometric framework, alongside control variables related to demographic (dependency ratio) and non-demographic (income, prices and technology) drivers of health expenditures per capita. Although a large share of cross-country differences in public health expenditures can be explained by demographic and economic factors (around 71%), cross-country variations in policies and institutions also have a significant influence, explaining most of the remaining difference in public health spending (23%). Copyright © 2016 John Wiley & Sons, Ltd. Copyright © 2016 John Wiley & Sons, Ltd.

New constraints in absorptive capacity and the optimum rate of petroleum output

DOE Office of Scientific and Technical Information (OSTI.GOV)

El Mallakh, R

1980-01-01

Economic policy in four oil-producing countries is analyzed within a framework that combines a qualitative assessment of the policy-making process with an empirical formulation based on historical and current trends in these countries. The concept of absorptive capacity is used to analyze the optimum rates of petroleum production in Iran, Iraq, Saudi Arabia, and Kuwait. A control solution with an econometric model is developed which is then modified for alternative development strategies based on analysis of factors influencing production decisions. The study shows the consistencies and inconsistencies between the goals of economic growth, oil production, and exports, and the constraintsmore » on economic development. Simulation experiments incorporated a number of the constraints on absorptive capacity. Impact of other constraints such as income distribution and political stability is considered qualitatively. (DLC)« less

Economic development, urbanization, technological change and overweight: What do we learn from 244 Demographic and Health Surveys?

PubMed Central

Goryakin, Yevgeniy; Suhrcke, Marc

2014-01-01

Obesity and overweight are spreading fast in developing countries, and have reached world record levels in some of them. Capturing the size, patterns and trends of the problem has, however, been severely hampered by the lack of comparable data in low and middle income countries. We seek to begin to fill this gap by testing several hypotheses on the determinants/correlates of overweight among women, related to the influence of economic and technological development. We undertake econometric analysis of nationally representative data on about 878,000 women aged 15–49 from 244 Demographic and Health Surveys (DHS) for 56 countries over the years 1991–2009. Our findings support most previously expressed hypotheses of what might explain obesity patterns in developing countries, but they also reject some prior notions and add considerable nuance to the emerging pattern. PMID:24457038

Quantifying variety-specific heat resistance and the potential for adaptation to climate change.

PubMed

Tack, Jesse; Barkley, Andrew; Rife, Trevor W; Poland, Jesse A; Nalley, Lawton Lanier

2016-08-01

The impact of climate change on crop yields has become widely measured; however, the linkages for winter wheat are less studied due to dramatic weather changes during the long growing season that are difficult to model. Recent research suggests significant reductions under warming. A potential adaptation strategy involves the development of heat resistant varieties by breeders, combined with alternative variety selection by producers. However, the impact of heat on specific wheat varieties remains relatively unstudied due to limited data and the complex genetic basis of heat tolerance. Here, we provide a novel econometric approach that combines field-trial data with a genetic cluster mapping to group wheat varieties and estimate a separate extreme heat impact (temperatures over 34 °C) across 24 clusters spanning 197 varieties. We find a wide range of heterogeneous heat resistance and a trade-off between average yield and resistance. Results suggest that recently released varieties are less heat resistant than older varieties, a pattern that also holds for on-farm varieties. Currently released - but not yet adopted - varieties do not offer improved resistance relative to varieties currently grown on farm. Our findings suggest that warming impacts could be significantly reduced through advances in wheat breeding and/or adoption decisions by producers. However, current adaptation-through-adoption potential is limited under a 1 °C warming scenario as increased heat resistance cannot be achieved without a reduction in average yields. © 2015 John Wiley & Sons Ltd.

Failure Impact Analysis of Key Management in AMI Using Cybernomic Situational Assessment (CSA)

DOE Office of Scientific and Technical Information (OSTI.GOV)

Abercrombie, Robert K; Sheldon, Frederick T; Hauser, Katie R

2013-01-01

In earlier work, we presented a computational framework for quantifying the security of a system in terms of the average loss a stakeholder stands to sustain as a result of threats to the system. We named this system, the Cyberspace Security Econometrics System (CSES). In this paper, we refine the framework and apply it to cryptographic key management within the Advanced Metering Infrastructure (AMI) as an example. The stakeholders, requirements, components, and threats are determined. We then populate the matrices with justified values by addressing the AMI at a higher level, rather than trying to consider every piece of hardwaremore » and software involved. We accomplish this task by leveraging the recently established NISTR 7628 guideline for smart grid security. This allowed us to choose the stakeholders, requirements, components, and threats realistically. We reviewed the literature and selected an industry technical working group to select three representative threats from a collection of 29 threats. From this subset, we populate the stakes, dependency, and impact matrices, and the threat vector with realistic numbers. Each Stakeholder s Mean Failure Cost is then computed.« less

David Keyser | NREL

Science.gov Websites

. Areas of Expertise Economic impact studies Time series analysis Analysis of labor and demographic data Research Interests Static and dynamic economic impact models Labor data estimation Econometric modeling and 2030: A Strategic Roadmap for American Energy Innovation, Economic Growth, and Competitiveness."

A statistical analysis of the effects of a uniform minimum drinking age

DOT National Transportation Integrated Search

1987-04-01

This report examines the relationship between minimum drinking age (MDA) and : highway fatalities during the 1975-1985 period, when 35 states changed their : MDAs. An econometric model of fatalities involving the 18-20 year-old driver : normalized by...

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...

The Determinants of Library Subscription Prices of the Top-Ranked Economics Journals: An Econometric Analysis.

ERIC Educational Resources Information Center

Chressanthis, George A.; Chressanthis, June D.

1994-01-01

Asserts that subscription price increases for academic journals have been the area of single greatest concern to librarians during the past decade. Finds that systematic variations in library prices across economics journals offer explainable reasons. (CFR)

Airborne incidents : an econometric analysis of severity, December 19, 2014 : Final report

DOT National Transportation Integrated Search

2014-12-19

Airborne loss of separation incidents occur when an aircraft breaches the defined separation limit (vertical and/or horizontal) with another aircraft or terrain imposed by Air Traffic Control. Identifying conditions that lead to more severe loss of s...

A Framework for Restructuring the Military Retirement System

DTIC Science & Technology

2013-07-01

Associate Professor of Economics in the Social Sciences Department at West Point where he teaches econometrics and labor economics. His areas of...others worth considering, but each should be carefully benchmarked against our proposed framework. 25 ENDNOTES 1. Office of the Actuary , Statistical

78 FR 63267 - Self-Regulatory Organizations; The Options Clearing Corporation; Notice of No Objection to...

Federal Register 2010, 2011, 2012, 2013, 2014

2013-10-23

... the set of risk factors whose behavior is included in the econometric models underlying STANS, time series of proportional changes in implied volatilities for a range of tenors and in-the-money and out-of...

Eliminating Problems Caused by Multicollinearity: A Warning.

ERIC Educational Resources Information Center

Kennedy, Peter E.

1982-01-01

Explains why an econometric practice introduced by J.C. Soper cannot eliminate the problems caused by multicollinearity. The author suggests that it can be a useful technique in that it forces researchers to pay more attention to the specifications of their models. (AM)

Conventional and advanced time series estimation: application to the Australian and New Zealand Intensive Care Society (ANZICS) adult patient database, 1993-2006.

PubMed

Moran, John L; Solomon, Patricia J

2011-02-01

Time series analysis has seen limited application in the biomedical Literature. The utility of conventional and advanced time series estimators was explored for intensive care unit (ICU) outcome series. Monthly mean time series, 1993-2006, for hospital mortality, severity-of-illness score (APACHE III), ventilation fraction and patient type (medical and surgical), were generated from the Australia and New Zealand Intensive Care Society adult patient database. Analyses encompassed geographical seasonal mortality patterns, series structural time changes, mortality series volatility using autoregressive moving average and Generalized Autoregressive Conditional Heteroscedasticity models in which predicted variances are updated adaptively, and bivariate and multivariate (vector error correction models) cointegrating relationships between series. The mortality series exhibited marked seasonality, declining mortality trend and substantial autocorrelation beyond 24 lags. Mortality increased in winter months (July-August); the medical series featured annual cycling, whereas the surgical demonstrated long and short (3-4 months) cycling. Series structural breaks were apparent in January 1995 and December 2002. The covariance stationary first-differenced mortality series was consistent with a seasonal autoregressive moving average process; the observed conditional-variance volatility (1993-1995) and residual Autoregressive Conditional Heteroscedasticity effects entailed a Generalized Autoregressive Conditional Heteroscedasticity model, preferred by information criterion and mean model forecast performance. Bivariate cointegration, indicating long-term equilibrium relationships, was established between mortality and severity-of-illness scores at the database level and for categories of ICUs. Multivariate cointegration was demonstrated for {log APACHE III score, log ICU length of stay, ICU mortality and ventilation fraction}. A system approach to understanding series time-dependence may be established using conventional and advanced econometric time series estimators. © 2010 Blackwell Publishing Ltd.

Adaptability of Irrigation to a Changing Monsoon in India: How far can we go?

NASA Astrophysics Data System (ADS)

Zaveri, E.; Grogan, D. S.; Fisher-Vanden, K.; Frolking, S. E.; Wrenn, D. H.; Nicholas, R.

2014-12-01

Agriculture and the monsoon are inextricably linked in India. A large part of the steady rise in agricultural production since the onset of the Green Revolution in the 1960's has been attributed to irrigation. Irrigation is used to supplement and buffer crops against precipitation shocks, but water availability for such use is itself sensitive to the erratic, seasonal and spatially heterogeneous nature of the monsoon. We provide new evidence on the relationship between monsoon changes, irrigation variability and water availability by linking a process based hydrology model with an econometric model for one of the world's most water stressed countries. India uses more groundwater for irrigation than any other country, and there is substantial evidence that this has led to depletion of groundwater aquifers. First, we build an econometric model of historical irrigation decisions using detailed agriculture and weather data spanning 35 years. Multivariate regression models reveal that for crops grown in the wet season, irrigation is sensitive to distribution and total monsoon rainfall but not to ground or surface water availability. For crops grown in the dry season, total monsoon rainfall matters most, and its effect is sensitive to groundwater availability. The historical estimates from the econometric model are used to calculate future irrigated areas under three different climate model predictions of monsoon climate for the years 2010 - 2050. These projections are then used as input to a physical hydrology model, which quantifies supply of irrigation water from sustainable sources such as rechargeable shallow groundwater, rivers and reservoirs, to unsustainable sources such as non- rechargeable groundwater. We find that the significant variation in monsoon projections lead to very different results. Crops grown in the dry season show particularly divergent trends between model projections, leading to very different groundwater resource requirements.

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

DOE Office of Scientific and Technical Information (OSTI.GOV)

Bjoerner, T.B.; Togeby, M.

1999-07-01

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

47 CFR 1.363 - Introduction of statistical data.

Code of Federal Regulations, 2010 CFR

2010-10-01

... case of sample surveys, there shall be a clear description of the survey design, including the... evidence in common carrier hearing proceedings, including but not limited to sample surveys, econometric... description of the experimental design shall be set forth, including a specification of the controlled...

47 CFR 1.363 - Introduction of statistical data.

Code of Federal Regulations, 2013 CFR

2013-10-01

... case of sample surveys, there shall be a clear description of the survey design, including the... evidence in common carrier hearing proceedings, including but not limited to sample surveys, econometric... description of the experimental design shall be set forth, including a specification of the controlled...

47 CFR 1.363 - Introduction of statistical data.

Code of Federal Regulations, 2014 CFR

2014-10-01

... case of sample surveys, there shall be a clear description of the survey design, including the... evidence in common carrier hearing proceedings, including but not limited to sample surveys, econometric... description of the experimental design shall be set forth, including a specification of the controlled...

47 CFR 1.363 - Introduction of statistical data.

Code of Federal Regulations, 2012 CFR

2012-10-01

... case of sample surveys, there shall be a clear description of the survey design, including the... evidence in common carrier hearing proceedings, including but not limited to sample surveys, econometric... description of the experimental design shall be set forth, including a specification of the controlled...

47 CFR 1.363 - Introduction of statistical data.

Code of Federal Regulations, 2011 CFR

2011-10-01

... case of sample surveys, there shall be a clear description of the survey design, including the... evidence in common carrier hearing proceedings, including but not limited to sample surveys, econometric... description of the experimental design shall be set forth, including a specification of the controlled...

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

USDA-ARS?s Scientific Manuscript database

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

Demand for health care in Denmark: results of a national sample survey using contingent valuation.

PubMed

Gyldmark, M; Morrison, G C

2001-10-01

In this paper we use willingness to pay (WTP) to elicit values for private insurance covering treatment for four different health problems. By way of obtaining these values, we test the viability of the contingent valuation method (CVM) and econometric techniques, respectively, as means of eliciting and analysing values from the general public. WTP responses from a Danish national sample survey, which was designed in accordance with existing guidelines, are analysed in terms of consistency and validity checks. Large numbers of zero responses are common in WTP studies, and are found here; therefore, the Heckman selectivity model and log-transformed OLS are employed. The selectivity model is rejected, but test results indicate that the lognormal model yields efficient and unbiased estimates. The results give confidence in the WTP estimates obtained and, more generally, in CVM as a means of valuing publicly provided goods and in econometrics as a tool for analysing WTP results containing many zero responses.

Heterogeneous autoregressive model with structural break using nearest neighbor truncation volatility estimators for DAX.

PubMed

Chin, Wen Cheong; Lee, Min Cherng; Yap, Grace Lee Ching

2016-01-01

High frequency financial data modelling has become one of the important research areas in the field of financial econometrics. However, the possible structural break in volatile financial time series often trigger inconsistency issue in volatility estimation. In this study, we propose a structural break heavy-tailed heterogeneous autoregressive (HAR) volatility econometric model with the enhancement of jump-robust estimators. The breakpoints in the volatility are captured by dummy variables after the detection by Bai-Perron sequential multi breakpoints procedure. In order to further deal with possible abrupt jump in the volatility, the jump-robust volatility estimators are composed by using the nearest neighbor truncation approach, namely the minimum and median realized volatility. Under the structural break improvements in both the models and volatility estimators, the empirical findings show that the modified HAR model provides the best performing in-sample and out-of-sample forecast evaluations as compared with the standard HAR models. Accurate volatility forecasts have direct influential to the application of risk management and investment portfolio analysis.

Waste production and regional growth of marine activities an econometric model.

PubMed

Bramati, Maria Caterina

2016-11-15

Coastal regions are characterized by intense human activity and climatic pressures, often intensified by competing interests in the use of marine waters. To assess the effect of public spending on the regional economy, an econometric model is here proposed. Not only are the regional investment and the climatic risks included in the model, but also variables related to the anthropogenic pressure, such as population, economic activities and waste production. Feedback effects of economic and demographic expansion on the pollution of coastal areas are also considered. It is found that dangerous waste increases with growing shipping and transportation activities and with growing population density in non-touristic coastal areas. On the other hand, the amount of non-dangerous wastes increases with marine mining, defense and offshore energy production activities. However, lower waste production occurs in areas where aquaculture and touristic industry are more exploited, and accompanied by increasing regional investment in waste disposal. Copyright © 2016 Elsevier Ltd. All rights reserved.

Adaptive Elastic Net for Generalized Methods of Moments.

PubMed

Caner, Mehmet; Zhang, Hao Helen

2014-01-30

Model selection and estimation are crucial parts of econometrics. This paper introduces a new technique that can simultaneously estimate and select the model in generalized method of moments (GMM) context. The GMM is particularly powerful for analyzing complex data sets such as longitudinal and panel data, and it has wide applications in econometrics. This paper extends the least squares based adaptive elastic net estimator of Zou and Zhang (2009) to nonlinear equation systems with endogenous variables. The extension is not trivial and involves a new proof technique due to estimators lack of closed form solutions. Compared to Bridge-GMM of Caner (2009), we allow for the number of parameters to diverge to infinity as well as collinearity among a large number of variables, also the redundant parameters set to zero via a data dependent technique. This method has the oracle property, meaning that we can estimate nonzero parameters with their standard limit and the redundant parameters are dropped from the equations simultaneously. Numerical examples are used to illustrate the performance of the new method.

Three Essays on Renewable Energy Policy and its Effects on Fossil Fuel Generation in Electricity Markets

NASA Astrophysics Data System (ADS)

Bowen, Eric

In this dissertation, I investigate the effectiveness of renewable policies and consider their impact on electricity markets. The common thread of this research is to understand how renewable policy incentivizes renewable generation and how the increasing share of generation from renewables affects generation from fossil fuels. This type of research is crucial for understanding whether policies to promote renewables are meeting their stated goals and what the unintended effects might be. To this end, I use econometric methods to examine how electricity markets are responding to an influx of renewable energy. My dissertation is composed of three interrelated essays. In Chapter 1, I employ recent scholarship in spatial econometrics to assess the spatial dependence of Renewable Portfolio Standards (RPS), a prominent state-based renewable incentive. In Chapter 2, I explore the impact of the rapid rise in renewable generation on short-run generation from fossil fuels. And in Chapter 3, I assess the impact of renewable penetration on coal plant retirement decisions.

Empirical spatial econometric modelling of small scale neighbourhood

NASA Astrophysics Data System (ADS)

Gerkman, Linda

2012-07-01

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

Travel cost demand model based river recreation benefit estimates with on-site and household surveys: Comparative results and a correction procedure

NASA Astrophysics Data System (ADS)

Loomis, John

2003-04-01

Past recreation studies have noted that on-site or visitor intercept surveys are subject to over-sampling of avid users (i.e., endogenous stratification) and have offered econometric solutions to correct for this. However, past papers do not estimate the empirical magnitude of the bias in benefit estimates with a real data set, nor do they compare the corrected estimates to benefit estimates derived from a population sample. This paper empirically examines the magnitude of the recreation benefits per trip bias by comparing estimates from an on-site river visitor intercept survey to a household survey. The difference in average benefits is quite large, with the on-site visitor survey yielding 24 per day trip, while the household survey yields 9.67 per day trip. A simple econometric correction for endogenous stratification in our count data model lowers the benefit estimate to $9.60 per day trip, a mean value nearly identical and not statistically different from the household survey estimate.

Incomes, Attitudes, and Occurrences of Invasive Species: An Application to Signal Crayfish in Sweden

NASA Astrophysics Data System (ADS)

Gren, Ing-Marie; Campos, Monica; Edsman, Lennart; Bohman, Patrik

2009-02-01

This article analyzes and carries out an econometric test of the explanatory power of economic and attitude variables for occurrences of the nonnative signal crayfish in Swedish waters. Signal crayfish are a carrier of plague which threatens the native noble crayfish with extinction. Crayfish are associated with recreational and cultural traditions in Sweden, which may run against environmental preferences for preserving native species. Econometric analysis is carried out using panel data at the municipality level with economic factors and attitudes as explanatory variables, which are derived from a simple dynamic harvesting model. A log-normal model is used for the regression analysis, and the results indicate significant impacts on occurrences of waters with signal crayfish of changes in both economic and attitude variables. Variables reflecting environmental and recreational preferences have unexpected signs, where the former variable has a positive and the latter a negative impact on occurrences of waters with signal crayfish. These effects are, however, counteracted by their respective interaction effect with income.

Children's weight and participation in organized sports.

PubMed

Quinto Romani, Annette

2011-11-01

Literature dealing with the impact of organized sports on children's weight has been marked by a lack of consensus. A major weakness characterizing most of this research is a lack of proper measurement methods. This paper seeks to fill an important knowledge gap through careful application of econometric methods. Estimations are carried out using data on 1,400 children attending 6th grade in 2008 in the municipality of Aalborg, Denmark. We use standard ordinary least squares (OLS) and class fixed effects to explore the effect of sports participation on body mass index (BMI) as well as underweight, overweight and obesity. Results indicate that participation in organized sports reduced BMI by 2.1%. Likewise it reduced the likelihood of being overweight by 8.2 percentage points and obese by 3.1 percentage points. It is the unique dataset combined with econometric methods that distinguishes our contribution from that of others in the field, thereby offering new insight. Results using statistically sound methods suggest that participation in organized sports has a beneficial effect on children's weight.

Meta-Analysis of Land Use / Land Cover Change Factors in the Conterminous US and Prediction of Potential Working Timberlands in the US South from FIA Inventory Plots and NLCD Cover Maps

NASA Astrophysics Data System (ADS)

Jeuck, James A.

This dissertation consists of research projects related to forest land use / land cover (LULC): (1) factors predicting LULC change and (2) methodology to predict particular forest use, or "potential working timberland" (PWT), from current forms of land data. The first project resulted in a published paper, a meta-analysis of 64 econometric models from 47 studies predicting forest land use changes. The response variables, representing some form of forest land change, were organized into four groups: forest conversion to agriculture (F2A), forestland to development (F2D), forestland to non-forested (F2NF) and undeveloped (including forestland) to developed (U2D) land. Over 250 independent econometric variables were identified, from 21 F2A models, 21 F2D models, 12 F2NF models, and 10 U2D models. These variables were organized into a hierarchy of 119 independent variable groups, 15 categories, and 4 econometric drivers suitable for conducting simple vote count statistics. Vote counts were summarized at the independent variable group level and formed into ratios estimating the predictive success of each variable group. Two ratio estimates were developed based on (1) proportion of times independent variables successfully achieved statistical significance (p ≤0.10), and (2) proportion of times independent variables successfully met the original researchers'expectations. In F2D models, popular independent variables such as population, income, and urban proximity often achieved statistical significance. In F2A models, popular independent variables such as forest and agricultural rents and costs, governmental programs, and site quality often achieved statistical significance. In U2D models, successful independent variables included urban rents and costs, zoning issues concerning forestland loss, site quality, urban proximity, population, and income. F2NF models high success variables were found to be agricultural rents, site quality, population, and income. This meta-analysis provides insight into the general success of econometric independent variables for future forest use or cover change research. The second part of this dissertation developed a method for predicting area estimates and spatial distribution of PWT in the US South. This technique determined land use from USFS Forest Inventory and Analysis (FIA) and land cover from the National Land Cover Database (NLCD). Three dependent variable forms (DV Forms) were derived from the FIA data: DV Form 1, timberland, other; DV Form 2, short timberland, tall timberland, agriculture, other; and DV Form 3, short hardwood (HW) timberland, tall HW timberland, short softwood (SW) timberland, tall SW timberland, agriculture, other. The prediction accuracy of each DV Form was investigated using both random forest model and logistic regression model specifications and data optimization techniques. Model verification employing a "leave-group-out" Monte Carlo simulation determined the selection of a stratified version of the random forest model using one-year NLCD observations with an overall accuracy of 0.53-0.94. The lower accuracy side of the range was when predictions were made from an aggregated NLCD land cover class "grass_shrub". The selected model specification was run using 2011 NLCD and the other predictor variables to produce three levels of timberland prediction and probability maps for the US South. Spatial masks removed areas unlikely to be working forests (protected and urbanized lands) resulting in PWT maps. The area of the resulting maps compared well with USFS area estimates and masked PWT maps and had an 8-11% reduction of the USFS timberland estimate for the US South compared to the DV Form. Change analysis of the 2011 NLCD to PWT showed (1) the majority of the short timberland came from NLCD grass_shrub; (2) the majority of NLCD grass_shrub predicted into tall timberland, and (3) NLCD grass_shrub was more strongly associated with timberland in the Coastal Plain. Resulting map products provide practical analytical tools for those interested in studying the area and distribution of PWT in the US South.

Does Peer Ability Affect Student Achievement?

ERIC Educational Resources Information Center

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

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…

The regional economic impacts of bypasses : a longitudinal study incorporating spatial panel econometrics and multilevel modeling.

DOT National Transportation Integrated Search

2011-09-01

This paper will describe an integrated approach to documenting and quantifying the impacts of bypasses : on small communities, with a focus on what economic impacts, if any, occur, and how these impacts : change over time. Two similarly sized communi...

Energy Models and the Policy Process.

ERIC Educational Resources Information Center

De Man, Reinier

1983-01-01

Describes the function of econometric and technological models in the policy process, and shows how different positions in the Dutch energy discussion are reflected by the application of different model methodologies. Discussion includes the energy policy context, a conceptual framework for using energy models, and energy scenarios in policy…

The Ontology of Science Teaching in the Neoliberal Era

ERIC Educational Resources Information Center

Sharma, Ajay

2017-01-01

Because of ever stricter standards of accountability, science teachers are under an increasing and unrelenting pressure to demonstrate the effects of their teaching on student learning. Econometric perspectives of "teacher quality" have become normative in assessment of teachers' work for accountability purposes. These perspectives seek…

Evaluating the Flipped Classroom: A Randomized Controlled Trial

ERIC Educational Resources Information Center

Wozny, Nathan; Balser, Cary; Ives, Drew

2018-01-01

Despite recent interest in flipped classrooms, rigorous research evaluating their effectiveness is sparse. In this study, the authors implement a randomized controlled trial to evaluate the effect of a flipped classroom technique relative to a traditional lecture in an introductory undergraduate econometrics course. Random assignment enables the…

Female-Male Earnings Differentials and Occupational Structure.

ERIC Educational Resources Information Center

Terrell, Katherine

1992-01-01

A review of econometric literature on female-male wage differences and asymmetrical distribution in occupations shows that differences in returns to human capital (i.e., discrimination) explains far more of the wage gap than differences in education and experience. Crowding of women into few occupations depresses wages. (SK)

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

Federal Register 2010, 2011, 2012, 2013, 2014

2011-03-01

..., econometrics, cognitive psychology, and computer science as they pertain to the full range of Census Bureau... technical expertise from the following disciplines: demography, economics, geography, psychology, statistics..., psychology, statistics, survey methodology, social and behavioral sciences, Information Technology, computing...

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

NASA Technical Reports Server (NTRS)

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

1979-01-01

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.

Motor Vehicle Demand Models : Assessment of the State of the Art and Directions for Future Research

DOT National Transportation Integrated Search

1981-04-01

The report provides an assessment of the current state of motor vehicle demand modeling. It includes a detailed evaluation of one leading large-scale econometric vehicle demand model, which is tested for both logical consistency and forecasting accur...

Estimating economic value of agricultural water under changing conditions and the effects of spatial aggregation.

PubMed

Medellín-Azuara, Josué; Harou, Julien J; Howitt, Richard E

2010-11-01

Given the high proportion of water used for agriculture in certain regions, the economic value of agricultural water can be an important tool for water management and policy development. This value is quantified using economic demand curves for irrigation water. Such demand functions show the incremental contribution of water to agricultural production. Water demand curves are estimated using econometric or optimisation techniques. Calibrated agricultural optimisation models allow the derivation of demand curves using smaller datasets than econometric models. This paper introduces these subject areas then explores the effect of spatial aggregation (upscaling) on the valuation of water for irrigated agriculture. A case study from the Rio Grande-Rio Bravo Basin in North Mexico investigates differences in valuation at farm and regional aggregated levels under four scenarios: technological change, warm-dry climate change, changes in agricultural commodity prices, and water costs for agriculture. The scenarios consider changes due to external shocks or new policies. Positive mathematical programming (PMP), a calibrated optimisation method, is the deductive valuation method used. An exponential cost function is compared to the quadratic cost functions typically used in PMP. Results indicate that the economic value of water at the farm level and the regionally aggregated level are similar, but that the variability and distributional effects of each scenario are affected by aggregation. Moderately aggregated agricultural production models are effective at capturing average-farm adaptation to policy changes and external shocks. Farm-level models best reveal the distribution of scenario impacts. Copyright © 2009 Elsevier B.V. All rights reserved.

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

PubMed

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

2013-01-01

We develop novel methods for conceptualizing geographic space and social networks to evaluate their respective and combined contributions to childhood diarrheal incidence. After defining maternal networks according to direct familial linkages between females, and road networks using satellite imagery of the study area, we use a spatial econometrics model to evaluate the significance of correlation terms relating childhood diarrheal incidence to the incidence observed within respective networks. Disease was significantly clustered within road networks across time, but only inconsistently correlated within maternal networks. These methods could be widely applied to systems in which both social and spatial processes jointly influence health outcomes. Copyright © 2012 Elsevier Ltd. All rights reserved.

Forecasting carbon dioxide emissions.

PubMed

Zhao, Xiaobing; Du, Ding

2015-09-01

This study extends the literature on forecasting carbon dioxide (CO2) emissions by applying the reduced-form econometrics approach of Schmalensee et al. (1998) to a more recent sample period, the post-1997 period. Using the post-1997 period is motivated by the observation that the strengthening pace of global climate policy may have been accelerated since 1997. Based on our parameter estimates, we project 25% reduction in CO2 emissions by 2050 according to an economic and population growth scenario that is more consistent with recent global trends. Our forecasts are conservative due to that we do not have sufficient data to fully take into account recent developments in the global economy. Copyright © 2015 Elsevier Ltd. All rights reserved.

The Case of Effort Variables in Student Performance.

ERIC Educational Resources Information Center

Borg, Mary O.; And Others

1989-01-01

Tests the existence of a structural shift between above- and below-average students in the econometric models that explain students' grades in principles of economics classes. Identifies a structural shift and estimates separate models for above- and below-average students. Concludes that separate models as well as educational policies are…

The Cost-Effectiveness of Raising Teacher Quality

ERIC Educational Resources Information Center

Yeh, Stuart S.

2009-01-01

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…

Schools and Labor Market Outcomes. EQW Working Papers WP33.

ERIC Educational Resources Information Center

Crawford, David L.; And Others

The relationship between school characteristics and labor market outcomes was examined through a literature review and an econometric analysis of the effects of various characteristics of the schooling experience on students' labor market performance after high school. Data from the National Center on Education Statistics' longitudinal survey of…

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

ERIC Educational Resources Information Center

Ridge, Richard S.

1988-01-01

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

77 FR 71788 - Notice of Change to the Publication of Natural Gas Wellhead Prices

Federal Register 2010, 2011, 2012, 2013, 2014

2012-12-04

... gas wellhead price using a time-series econometric model, which incorporates data from historical... (DOE). ACTION: Notice of a discontinuation of series in the publication of natural gas wellhead prices... price series. Beginning in January 2013, EIA will discontinue publishing wellhead prices, and will begin...

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

ERIC Educational Resources Information Center

Huang, Ming-Hui; Yu, Shihti

2000-01-01

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

Interpreting Bivariate Regression Coefficients: Going beyond the Average

ERIC Educational Resources Information Center

Halcoussis, Dennis; Phillips, G. Michael

2010-01-01

Statistics, econometrics, investment analysis, and data analysis classes often review the calculation of several types of averages, including the arithmetic mean, geometric mean, harmonic mean, and various weighted averages. This note shows how each of these can be computed using a basic regression framework. By recognizing when a regression model…

Teaching Students Not to Dismiss the Outermost Observations in Regressions

ERIC Educational Resources Information Center

Kasprowicz, Tomasz; Musumeci, Jim

2015-01-01

One econometric rule of thumb is that greater dispersion in observations of the independent variable improves estimates of regression coefficients and therefore produces better results, i.e., lower standard errors of the estimates. Nevertheless, students often seem to mistrust precisely the observations that contribute the most to this greater…

The Dynamics of Online User Behavior and IS Policy Implications

ERIC Educational Resources Information Center

Kim, Keehyung

2016-01-01

This dissertation, which comprises three independent essays, explores the dynamics of online user behavior and provides IS policy implications across three different applications. The first essay employs an econometric empirical analysis to examine the role of IT interventions on online users' gambling behavior, based on field data collected over…

Impact of Education on the Income of Different Social Groups

ERIC Educational Resources Information Center

Yue, Changjun; Liu, Yanping

2007-01-01

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

The effects of impact fees in urban form and congestion in Florida for period 4/1/2010 to 11/30/2011.

DOT National Transportation Integrated Search

2011-11-01

This study analyzes the effect of impact fees in urban form and congestion through a combination of methods including econometric analysis, GIS techniques, and interviews with planning officials. The results show that there is some evidence that impa...

A Transactions Cost Economics Approach to Defense Acquisition Management

DTIC Science & Technology

2006-12-30

A path-breaking econometric study (Masten et al., 1991) based on the procurement of components and services by a large naval shipbuilder indicates...philosophy with four formal levels of hierarchical IPTs—from project-level working groups to over- arching OSD-level “teams.” Key in the IPT concept is

Overskilling Dynamics and Education Pathways

ERIC Educational Resources Information Center

Mavromaras, Kostas; McGuinness, Seamus

2012-01-01

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…

The Ph.D. Production Function: The Case at Berkeley.

ERIC Educational Resources Information Center

Breneman, David W.

This report analyzes departmental variations in time to degree and attrition in Ph.D. programs at Berkeley. An alternative hypothesis, the Ph.D. production function, is examined by cross-section econometric analysis of 28 departments. The inputs included in the production function were student variables--quality and percent males; faculty…

Household Schooling Decisions in Rural Pakistan. Working Paper.

ERIC Educational Resources Information Center

Sawada, Yasuyuki; Lokshin, Michael

A study of household schooling decisions in rural Pakistan found serious supply-side constraints on female primary education in the villages studied. Field surveys of 25 Pakistani villages were integrated with economic theory and econometric analysis to investigate the sequential nature of educational decisions. The full-information maximum…

Value of Weather Information in Cranberry Marketing Decisions.

NASA Astrophysics Data System (ADS)

Morzuch, Bernard J.; Willis, Cleve E.

1982-04-01

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

The Determinants of Girls' Educational Enrollment in Ghana. Working Paper.

ERIC Educational Resources Information Center

Johnson, Rebecca; Kyle, Steven

This study examined the determinants of school enrollment in Ghana, considering historical and social information to formulate an econometric model of school enrollment patterns for households. Data came from a 1989 survey of households in Ghana. The survey collected basic information about community characteristics, health and school facilities,…

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

USDA-ARS?s Scientific Manuscript database

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

Impacts of terrain attributes on economics and the environment: Costs of reducing potential nitrogen pollution in wheat production

USDA-ARS?s Scientific Manuscript database

The economic cost of achieving desired environmental outcomes from uniform and variable rate fertilizer application technologies depends both on market forces and agronomic properties. Using spatial econometric methods, we analyze the impact of nitrogen fertilizer supply by terrain attribute on the...

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

ERIC Educational Resources Information Center

Bifulco, Robert; Bretschneider, Stuart

2001-01-01

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…

Measuring Systematic Long-Term Trajectories of School Effectiveness Improvement

ERIC Educational Resources Information Center

Valenzuela, Juan Pablo; Bellei, Cristián; Allende, Claudio

2016-01-01

The objective of this study was to identify trajectories of school improvement experienced by Chilean elementary schools over the last decade. Using econometric analysis and controlling for potential confounding factors, we created an index of school performance combining outcome indicators focused on different school dimensions, and estimated the…

An approximate generalized linear model with random effects for informative missing data.

PubMed

Follmann, D; Wu, M

1995-03-01

This paper develops a class of models to deal with missing data from longitudinal studies. We assume that separate models for the primary response and missingness (e.g., number of missed visits) are linked by a common random parameter. Such models have been developed in the econometrics (Heckman, 1979, Econometrica 47, 153-161) and biostatistics (Wu and Carroll, 1988, Biometrics 44, 175-188) literature for a Gaussian primary response. We allow the primary response, conditional on the random parameter, to follow a generalized linear model and approximate the generalized linear model by conditioning on the data that describes missingness. The resultant approximation is a mixed generalized linear model with possibly heterogeneous random effects. An example is given to illustrate the approximate approach, and simulations are performed to critique the adequacy of the approximation for repeated binary data.

SOCR data dashboard: an integrated big data archive mashing medicare, labor, census and econometric information.

PubMed

Husain, Syed S; Kalinin, Alexandr; Truong, Anh; Dinov, Ivo D

Intuitive formulation of informative and computationally-efficient queries on big and complex datasets present a number of challenges. As data collection is increasingly streamlined and ubiquitous, data exploration, discovery and analytics get considerably harder. Exploratory querying of heterogeneous and multi-source information is both difficult and necessary to advance our knowledge about the world around us. We developed a mechanism to integrate dispersed multi-source data and service the mashed information via human and machine interfaces in a secure, scalable manner. This process facilitates the exploration of subtle associations between variables, population strata, or clusters of data elements, which may be opaque to standard independent inspection of the individual sources. This a new platform includes a device agnostic tool (Dashboard webapp, http://socr.umich.edu/HTML5/Dashboard/) for graphical querying, navigating and exploring the multivariate associations in complex heterogeneous datasets. The paper illustrates this core functionality and serviceoriented infrastructure using healthcare data (e.g., US data from the 2010 Census, Demographic and Economic surveys, Bureau of Labor Statistics, and Center for Medicare Services) as well as Parkinson's Disease neuroimaging data. Both the back-end data archive and the front-end dashboard interfaces are continuously expanded to include additional data elements and new ways to customize the human and machine interactions. A client-side data import utility allows for easy and intuitive integration of user-supplied datasets. This completely open-science framework may be used for exploratory analytics, confirmatory analyses, meta-analyses, and education and training purposes in a wide variety of fields.

Synthetic Indicators of Quality of Life in Europe

ERIC Educational Resources Information Center

Somarriba, Noelia; Pena, Bernardo

2009-01-01

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…

Gender and Migration Background in Intergenerational Educational Mobility

ERIC Educational Resources Information Center

Schneebaum, Alyssa; Rumplmaier, Bernhard; Altzinger, Wilfried

2016-01-01

We employ 2011 European Union Statistics on Income and Living Conditions survey data for Austria to perform uni- and multivariate econometric analyses to study the role of gender and migration background (MB) in intergenerational educational mobility. We find that there is more persistence in the educational attainment of girls relative to their…

Grade Repetition in Honduran Primary Schools

ERIC Educational Resources Information Center

Marshall, Jeffery H.

2003-01-01

This paper looks at several dimensions of the grade failure issue in Honduras using a unique data set compiled by the UMCE evaluation project in 1998 and 1999. The analytical framework incorporates econometric analysis of standardized tests and teacher pass/fail decisions for roughly 13,000 second and fourth grade students. The results show that…

Gaming via Computer Simulation Techniques for Junior College Economics Education. Final Report.

ERIC Educational Resources Information Center

Thompson, Fred A.

A study designed to answer the need for more attractive and effective economics education involved the teaching of one junior college economics class by the conventional (lecture) method and an experimental class by computer simulation techniques. Econometric models approximating the "real world" were computer programed to enable the experimental…

School District Leave Policies, Teacher Absenteeism, and Student Achievement.

ERIC Educational Resources Information Center

Ehrenberg, Ronald G.; And Others

1991-01-01

Econometric analysis of data from over 700 New York state school districts found that (1) policies governing use of teacher leave days clearly influence their use; (2) higher student absenteeism correlated with poorer test performance; and (3) teacher absence was not largely associated with student test performance. Changes in leave policy were…

The Effect of School Size on Exam Performance in Secondary Schools.

ERIC Educational Resources Information Center

Bradley, Steve; Taylor, Jim

1998-01-01

Examines the effects of school size on exam performance for pupils in their final year of compulsory education in England. Background information about English secondary schools and the determinants of exam performance are discussed along with a description of the variables used in the econometric analysis and their expected effects on exam…

Learning-Testing Process in Classroom: An Empirical Simulation Model

ERIC Educational Resources Information Center

Buda, Rodolphe

2009-01-01

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'…

Lessons in Reading Reform: Finding What Works. Technical Appendix

ERIC Educational Resources Information Center

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

2010-01-01

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…

An Econometric Model of the Scholastic Aptitude Test Performance of State Educational Systems.

ERIC Educational Resources Information Center

Hashway, Robert M.; And Others

1991-01-01

Nationwide data were partitioned into wealth, fiscal policy, fiscal orientation, and Scholastic Aptitude Test (SAT) performance and participation. Largest between-group differences show that low SAT achieving states have a larger percentage of seniors taking the SAT, along with higher per capita income, per pupil expenditures, and teacher…

College Choice in America.

ERIC Educational Resources Information Center

Manski, Charles F.; And Others

The processes of choosing a college and being accepted by a college are analyzed, based on data on nearly 23,000 seniors from more than 1,300 high schools from the National Longitudinal Study of the Class of 1972. Econometric modeling and descriptive statistics are provided on: student behavior in selecting a college, choosing school/nonschool…

The determinants of hardwood lumber price

Treesearch

William G. Luppold; Jennifer M. Jacobsen; Jennifer M. Jacobsen

1985-01-01

Econometric equations were estimated to determine the effects of domestic foreign hardwood lumber demands on oak and hardwood lumber prices. Oak price seemed to be more sensitive to changes in exports than overall hardwood lumber price. However, the main determinants of hardwood lumber and oak lumber prices were found to be domestic demand and millstock levels.

The effect of personal experience on choice-based preferences for wildfire protection programs

Treesearch

Tom Holmes; Armando Gonzalez-Caban; John Loomis; Jose Sanchez

2013-01-01

In this paper, we investigate homeowner preferences and willingness to pay for wildfire protection programs using a choice experiment with three attributes: risk, loss and cost. Preference heterogeneity among survey respondents was examined using three econometric models and risk preferences were evaluated by comparing willingness to pay for wildfire protection...

School Cost Functions: A Meta-Regression Analysis

ERIC Educational Resources Information Center

Colegrave, Andrew D.; Giles, Margaret J.

2008-01-01

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…

Wage Determinants among Medical Doctors and Nurses in Spain

ERIC Educational Resources Information Center

Salas-Velasco, Manuel

2010-01-01

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…

Unionism and Productivity in West Virginia Coal Mining.

ERIC Educational Resources Information Center

Boal, William M.

1990-01-01

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…

Estimated Effects of Retirement Revision on Retention of Navy Tactical Pilots.

DTIC Science & Technology

1986-12-01

detailed explanation of the procedure and proofs can be found in Hanushek and Jackson [Ref. 441. S511 ,V. 󈧈 VI. RESULTS AND ANALYSIS A. DESCRIPTIVE...Introduction to Econometrics, pp. 242-243, Prentice-Hall, 1978. 44. Hanushek Eric ard Jackson, John, Statistical .Mlethods for Social Scientists, p. S188

Eric O'Shaughnessy | NREL

Science.gov Websites

of residential solar PV markets. Eric leads the lab's solar data partnerships program. Eric's current green power market research. Research Interests Economic analysis, econometrics, distributed solar PV . Ardani, R. Margolis. 2018. Solar plus: Optimization of distributed solar PV through battery storage and

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

ERIC Educational Resources Information Center

Ng, Larson S. W. M.

2011-01-01

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…

Modeling and simulation

DOE Office of Scientific and Technical Information (OSTI.GOV)

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

1986-01-01

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.

Examining the Earnings Trajectories of Community College Students Using a Piecewise Growth Curve Modeling Approach

ERIC Educational Resources Information Center

Jaggars, Shanna Smith; Xu, Di

2016-01-01

Policymakers have become increasingly concerned with measuring--and holding colleges accountable for--students' labor market outcomes. In this article we introduce a piecewise growth curve approach to analyzing community college students' labor market outcomes, and we discuss how this approach differs from two popular econometric approaches:…

Teaching Students with Visual Impairments in an Inclusive Educational Setting: A Case from Nepal

ERIC Educational Resources Information Center

Lamichhane, Kamal

2017-01-01

Using the data set from teachers and students and utilising both qualitative and quantitative techniques for analysis, I discuss teaching style considerations in Nepal's mainstream schools for students with visual impairments. Results of the econometric analysis show that teachers' years of schooling, teaching experience, and using blackboard were…

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

ERIC Educational Resources Information Center

Foster, Gigi

2009-01-01

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…

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

ERIC Educational Resources Information Center

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

2011-01-01

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…

Decisions That Affect Outcomes in the Distant Future.

DTIC Science & Technology

1979-12-01

cost-he.n- efit analysis is a special case of the results lerived in this rvso arch . %; In Chapter 3, the assumptions underlying willingness to pay are...p°,m°,z°). This information would generally cone from ex- perts or econometric studies. 5.5 Consistency Conditions There are two ways in which we

Web-based Learning Environments Guided by Principles of Good Teaching Practice.

ERIC Educational Resources Information Center

Chizmar, John F.; Walbert, Mark S.

1999-01-01

Describes the preparation and execution of a statistics course, an undergraduate econometrics course, and a microeconomic theory course that all utilize Internet technology. Reviews seven principles of teaching practice in order to demonstrate how to enhance the quality of student learning using Web technologies. Includes reactions by Steve Hurd…

Handbook of the Economics of Education. Volume 3

ERIC Educational Resources Information Center

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

2011-01-01

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…

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...

Economic factors influencing land use changes in the South-Central United States

Treesearch

Ralph J. Alig; Fred C. White; Brian C. Murray

1988-01-01

Econometric models of land use change were estimated for two physiographic regions in the South-Central United States. Results are consistent-with the economic hierarchy of land use, with population and personal income being significant explanatory variables. Findings regarding the importance of relative agricultural and forestry market-based incomes in influencing...

The Costs and Benefits of Deferred Giving.

ERIC Educational Resources Information Center

Fink, Norman S.; Metzler, Howard C.

It is argued in this book that while there can be a significant payoff for deferred giving programs, it is important to determine their cost effectiveness. Modern business methods of cost accounting, benefits analysis, and actuarial and econometric forecasting are applied to the Pomona College plan, whose study was supported by Lilly Endowment,…

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

ERIC Educational Resources Information Center

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

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

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

ERIC Educational Resources Information Center

Strayhorn, Terrell L.

2008-01-01

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…

Lecture Attendance, Study Time, and Academic Performance: A Panel Data Study

ERIC Educational Resources Information Center

Andrietti, Vincenzo; Velasco, Carlos

2015-01-01

The authors analyze matched administrative survey data on economics students enrolled in two econometrics courses offered in consecutive terms at a major public university in Spain to assess the impact of lecture attendance and study time on academic performance. Using proxy variables in a cross-sectional regression setting, they find a positive…

The Relationship of Class Size Effects and Teacher Salary

ERIC Educational Resources Information Center

Peevely, Gary; Hedges, Larry; Nye, Barbara A.

2005-01-01

The effects of class size on academic achievement have been studied for decades. Although the results of small-scale, randomized experiments and large-scale, econometric studies point to positive effects of small classes, some scholars see the evidence as ambiguous. Recent analyses from a 4-year, large-scale, randomized experiment on the effects…

Defense Spending and Regional Growth: An Examination of an Export-Base Model and an Econometric Model.

DTIC Science & Technology

1987-06-01

consumer preferences provide influences that can stimulate the rate of growth of the endogenous and/or exogenous income industries. B. EXPORT INDUSTRIES...location quotient was selected to alleviate 12 some of the problems created by consumer preferences and expendi- ture patterns. This value was compared

Pedagogy and the PC: Trends in the AIS Curriculum

ERIC Educational Resources Information Center

Badua, Frank

2008-01-01

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

Resource Allocation in Public Research Universities

ERIC Educational Resources Information Center

Santos, Jose L.

2007-01-01

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

Child Care and the Labor Supply of Married Women: Reduced Form Evidence.

ERIC Educational Resources Information Center

Ribar, David C.

1992-01-01

With data from the Survey of Income Program Participation, a three-equation, reduced-form econometric model is used to generate estimates revealing that the cost of market child care decreases the labor force participation of married women. High wages increase likelihood of working and use of paid child care. (SK)

The Effect of Income Taxation on Labor Supply in the United States.

ERIC Educational Resources Information Center

Triest, Robert K.

1990-01-01

A study used an econometric model to examine the effect of income taxation on labor supply of married women and men. Male labor supply was found to be relatively invariant to income. Impact on married women depended upon the method used to estimate the labor supply function. (SK)

Economic impacts of hurricanes on forest owners

Treesearch

Jeffrey P. Prestemon; Thomas P. Holmes

2010-01-01

We present a conceptual model of the economic impacts of hurricanes on timber producers and consumers, offer a framework indicating how welfare impacts can be estimated using econometric estimates of timber price dynamics, and illustrate the advantages of using a welfare theoretic model, which includes (1) welfare estimates that are consistent with neo-classical...

10 CFR 905.11 - What must an IRP include?

Code of Federal Regulations, 2010 CFR

2010-01-01

... forecasting method, including but not limited to the time series, end-use, and econometric methods. The... projected durability of such savings measured over time; and must treat demand and supply resources on a... implement its IRP. (i) The IRP must state the time period that the action plan covers, and the action plan...

10 CFR 905.11 - What must an IRP include?

Code of Federal Regulations, 2011 CFR

2011-01-01

... forecasting method, including but not limited to the time series, end-use, and econometric methods. The... projected durability of such savings measured over time; and must treat demand and supply resources on a... implement its IRP. (i) The IRP must state the time period that the action plan covers, and the action plan...

10 CFR 905.11 - What must an IRP include?

Code of Federal Regulations, 2012 CFR

2012-01-01

... forecasting method, including but not limited to the time series, end-use, and econometric methods. The... projected durability of such savings measured over time; and must treat demand and supply resources on a... implement its IRP. (i) The IRP must state the time period that the action plan covers, and the action plan...

10 CFR 905.11 - What must an IRP include?

Code of Federal Regulations, 2014 CFR

2014-01-01

... forecasting method, including but not limited to the time series, end-use, and econometric methods. The... projected durability of such savings measured over time; and must treat demand and supply resources on a... implement its IRP. (i) The IRP must state the time period that the action plan covers, and the action plan...

10 CFR 905.11 - What must an IRP include?

Code of Federal Regulations, 2013 CFR

2013-01-01

... forecasting method, including but not limited to the time series, end-use, and econometric methods. The... projected durability of such savings measured over time; and must treat demand and supply resources on a... implement its IRP. (i) The IRP must state the time period that the action plan covers, and the action plan...

An examination of the relationships between hardwood lumber and stumpage prices in Ohio

Treesearch

William G. Luppold; Jeffrey P. Prestemon; John E. Baumgras

1998-01-01

Understanding the relationship between hardwood lumber and stumpage prices is critical in evaluating market efficiency and in understanding the potential impact of changing technology on stumpage markets. Unfortunately, the complexity of the hardwood lumber market and lack of reliable data make it difficult to evaluate this relationship using traditional econometric...

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

ERIC Educational Resources Information Center

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

2008-01-01

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…

Does a hospital's quality depend on the quality of other hospitals? A spatial econometrics approach

PubMed Central

Gravelle, Hugh; Santos, Rita; Siciliani, Luigi

2014-01-01

We examine whether a hospital's quality is affected by the quality provided by other hospitals in the same market. We first sketch a theoretical model with regulated prices and derive conditions on demand and cost functions which determine whether a hospital will increase its quality if its rivals increase their quality. We then apply spatial econometric methods to a sample of English hospitals in 2009–10 and a set of 16 quality measures including mortality rates, readmission, revision and redo rates, and three patient reported indicators, to examine the relationship between the quality of hospitals. We find that a hospital's quality is positively associated with the quality of its rivals for seven out of the sixteen quality measures. There are no statistically significant negative associations. In those cases where there is a significant positive association, an increase in rivals' quality by 10% increases a hospital's quality by 1.7% to 2.9%. The finding suggests that for some quality measures a policy which improves the quality in one hospital will have positive spillover effects on the quality in other hospitals. PMID:25843994

Does a hospital's quality depend on the quality of other hospitals? A spatial econometrics approach.

PubMed

Gravelle, Hugh; Santos, Rita; Siciliani, Luigi

2014-11-01

We examine whether a hospital's quality is affected by the quality provided by other hospitals in the same market. We first sketch a theoretical model with regulated prices and derive conditions on demand and cost functions which determine whether a hospital will increase its quality if its rivals increase their quality. We then apply spatial econometric methods to a sample of English hospitals in 2009-10 and a set of 16 quality measures including mortality rates, readmission, revision and redo rates, and three patient reported indicators, to examine the relationship between the quality of hospitals. We find that a hospital's quality is positively associated with the quality of its rivals for seven out of the sixteen quality measures. There are no statistically significant negative associations. In those cases where there is a significant positive association, an increase in rivals' quality by 10% increases a hospital's quality by 1.7% to 2.9%. The finding suggests that for some quality measures a policy which improves the quality in one hospital will have positive spillover effects on the quality in other hospitals.

Perceived and measured stigma among workers with serious mental illness.

PubMed

Baldwin, Marjorie L; Marcus, Steven C

2006-03-01

This research analyzed the extent to which self-reports of job-related discrimination by persons with serious mental illness are associated with econometric measures of discrimination. Data were from the 1994-1995 National Health Interview Survey-Disability Supplement. Data for workers with mood, psychotic, or anxiety disorders (N=1,139) were compared with data for those without such disorders (N=66,341). The main outcome measures were self-reports of wages and stigmatizing experiences in the workplace. After the analyses controlled for functional limitations and job characteristics, no significant difference in mean wages was found between workers with serious mental illness who did not report experiencing stigma and those with no mental illness. In contrast, for all types of mental disorders examined, mean wages for workers with serious mental illness who reported experiencing stigma were significantly lower than mean wages for those with no mental illness. Workers' self-reports of stigmatizing experiences in the labor market appear to be consistent with econometric measures of the effect of stigma on wages, suggesting that workers know when they are being discriminated against.

Ranking product aspects through sentiment analysis of online reviews

NASA Astrophysics Data System (ADS)

Wang, Wei; Wang, Hongwei; Song, Yuan

2017-03-01

The electronic word-of-mouth (e-WOM) is one of the most important among all the factors affecting consumers' behaviours. Opinions towards a product through online reviews will influence purchase decisions of other online consumers by changing their perceptions on the product quality. Furthermore, each product aspect may impact consumers' intentions differently. Thus, sentiment analysis and econometric models are incorporated to examine the relationship between purchase intentions and aspect-opinion pairs, which enable the weight estimation for each product aspect. We first identify product aspects and reduce dimensions to extract aspect-opinion pairs. Next the information gain is calculated for each aspect through entropy theory. Based on sentiment polarity and sentiment strength, we formulate an econometric model by integrating the information gain to measure the aspect's weight. In the experiment, we track 386 digital cameras on Amazon for 39 months, and results show that the aspect weight for digital cameras is detected more precisely than TF-ID and HAC algorithms. The results will bridge product aspects and consumption intention to facilitate e-WOM-based marketing.

Econometric Model of Rice Policy Based On Presidential Instruction

NASA Astrophysics Data System (ADS)

Abadi Sembiring, Surya; Hutauruk, Julia

2018-01-01

The objective of research is to build an econometric model based on Presidential Instruction rice policy. The data was monthly time series from March 2005 to September 2009. Rice policy model specification using simultaneous equation, consisting of 14 structural equations and four identity equation, which was estimated using Two Stages Least Squares (2SLS) method. The results show that: (1) an increase of government purchasing price of dried harvest paddy has a positive impact on to increase in total rice production and community rice stock, (2) an increase community rice stock lead to decrease the rice imports, (3) an increase of the realization of the distribution of subsidized ZA fertilizers and the realization of the distribution of subsidized NPK fertilizers has a positive impact on to increase in total rice production and community rice stock and to reduce rice imports, (4) the price of the dried harvest paddy is highly responsive to the water content of dried harvest paddy both the short run and long run, (5) the quantity of rice imported is highly responsive to the imported rice price, both short run and long run.

Econometric studies of urban population density: a survey.

PubMed

Mcdonald, J F

1989-01-01

This paper presents the 1st reasonably comprehensive survey of empirical research of urban population densities since the publication of the book by Edmonston in 1975. The survey summarizes contributions to empirical knowledge that have been made since 1975 and points toward possible areas for additional research. The paper also provides a brief interpretative intellectual history of the topic. It begins with a personal overview of research in the field. The next section discusses econometric issues that arise in the estimation of population density functions in which density is a function only of a distance to the central business district of the urban area. Section 4 summarizes the studies of a single urban area that went beyond the estimation of simple distance-density functions, and Section 5 discusses studies that sought to explain the variations across urban areas in population density patterns. McDonald refers to the standard theory of urban population density throughout the paper. This basic model is presented in the textbook by Mills and Hamilton and it is assumed that the reader is familiar with the model.

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

PubMed

Saldaña-Zorrilla, Sergio O; Sandberg, Krister

2009-10-01

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

Generality in nanotechnologies and its relationship to economic performance

NASA Astrophysics Data System (ADS)

Gomez Baquero, Fernando

In the history if economic analysis there is perhaps no more important question than the one of how economic development is achieved. For more than a century, economists have explored the role of technology in economic growth but there is still much to be learned about the effect that technologies, in particular emerging ones, have on economic growth and productivity. The objective of this research is to understand the relationship between nanotechnologies and economic growth and productivity, using the theory of General Purpose Technology (GPT)-driven economic growth. To do so, the Generality Index (calculated from patent data) was used to understand the relative pervasiveness of nanotechnologies. The analysis of trends and patterns of Generality Index, using the largest group of patents since the publication of the NBER Patent Database, indicates that nanotechnologies possess a higher average Generality than other technological groups. Next, the relationship between the Generality Index and Total Factor Productivity (TFP) was studied using econometric analysis. Model estimates indicate that the variation in Generality for the group of nanotechnologies can explain a large proportion of the variation in TFP. However, the explanatory power of the entire set of patents (not just nanotechnologies) is larger and corresponds better to the expected theoretical models. Additionally, there is a negative short-run relationship between Generality and TFP, conflicting with part of the theoretical GPT-models. Finally, the relationship between the Generality of nanotechnologies and policy-driven investment events, such as R&D investments and grant awards, was studied using econometric methods. The statistical evidence suggests that NSF awards are related to technologies with higher Generality, while NIH awards and NNI investments are related to a lower average Generality. Overall, results of this research work indicate that the introduction of pervasive technologies into an economic system sets in motion an interesting series of events that can both increase and decrease productivity and therefore economic growth. The metrics and methods developed in this work emphasize the importance of developing and using new metrics for strategic decision making, both in the private sector and in the public sector.

Agent-based modeling of deforestation in southern Yucatán, Mexico, and reforestation in the Midwest United States

PubMed Central

Manson, Steven M.; Evans, Tom

2007-01-01

We combine mixed-methods research with integrated agent-based modeling to understand land change and economic decision making in the United States and Mexico. This work demonstrates how sustainability science benefits from combining integrated agent-based modeling (which blends methods from the social, ecological, and information sciences) and mixed-methods research (which interleaves multiple approaches ranging from qualitative field research to quantitative laboratory experiments and interpretation of remotely sensed imagery). We test assumptions of utility-maximizing behavior in household-level landscape management in south-central Indiana, linking parcel data, land cover derived from aerial photography, and findings from laboratory experiments. We examine the role of uncertainty and limited information, preferences, differential demographic attributes, and past experience and future time horizons. We also use evolutionary programming to represent bounded rationality in agriculturalist households in the southern Yucatán of Mexico. This approach captures realistic rule of thumb strategies while identifying social and environmental factors in a manner similar to econometric models. These case studies highlight the role of computational models of decision making in land-change contexts and advance our understanding of decision making in general. PMID:18093928

Interaction of natural survival instincts and internalized social norms exploring the Titanic and Lusitania disasters.

PubMed

Frey, Bruno S; Savage, David A; Torgler, Benno

2010-03-16

To understand human behavior, it is important to know under what conditions people deviate from selfish rationality. This study explores the interaction of natural survival instincts and internalized social norms using data on the sinking of the Titanic and the Lusitania. We show that time pressure appears to be crucial when explaining behavior under extreme conditions of life and death. Even though the two vessels and the composition of their passengers were quite similar, the behavior of the individuals on board was dramatically different. On the Lusitania, selfish behavior dominated (which corresponds to the classical homo economicus); on the Titanic, social norms and social status (class) dominated, which contradicts standard economics. This difference could be attributed to the fact that the Lusitania sank in 18 min, creating a situation in which the short-run flight impulse dominated behavior. On the slowly sinking Titanic (2 h, 40 min), there was time for socially determined behavioral patterns to reemerge. Maritime disasters are traditionally not analyzed in a comparative manner with advanced statistical (econometric) techniques using individual data of the passengers and crew. Knowing human behavior under extreme conditions provides insight into how widely human behavior can vary, depending on differing external conditions.

Are stock market returns related to the weather effects? Empirical evidence from Taiwan

NASA Astrophysics Data System (ADS)

Chang, Tsangyao; Nieh, Chien-Chung; Yang, Ming Jing; Yang, Tse-Yu

2006-05-01

In this study, we employ a recently developed econometric technique of the threshold model with the GJR-GARCH process on error terms to investigate the relationships between weather factors and stock market returns in Taiwan using daily data for the period of 1 July 1997-22 October 2003. The major weather factors studied include temperature, humidity, and cloud cover. Our empirical evidence shows that temperature and cloud cover are two important weather factors that affect the stock returns in Taiwan. Our empirical findings further support the previous arguments that advocate the inclusion of economically neutral behavioral variables in asset pricing models. These results also have significant implications for individual investors and financial institutions planning to invest in the Taiwan stock market.

Models for forecasting energy use in the US farm sector

NASA Astrophysics Data System (ADS)

Christensen, L. R.

1981-07-01

Econometric models were developed and estimated for the purpose of forecasting electricity and petroleum demand in US agriculture. A structural approach is pursued which takes account of the fact that the quantity demanded of any one input is a decision made in conjunction with other input decisions. Three different functional forms of varying degrees of complexity are specified for the structural cost function, which describes the cost of production as a function of the level of output and factor prices. Demand for materials (all purchased inputs) is derived from these models. A separate model which break this demand up into demand for the four components of materials is used to produce forecasts of electricity and petroleum is a stepwise manner.

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

PubMed

Kipiński, Lech; König, Reinhard; Sielużycki, Cezary; Kordecki, Wojciech

2011-10-01

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

Assessing the feasibility of community health insurance in Uganda: A mixed-methods exploratory analysis.

PubMed

Biggeri, M; Nannini, M; Putoto, G

2018-03-01

Community health insurance (CHI) aims to provide financial protection and facilitate health care access among poor rural populations. Given common operational challenges that hamper the full development of the scheme, there is need to undertake systematic feasibility studies. These are scarce in the literature and usually they do not provide a comprehensive analysis of the local context. The present research intends to adopt a mixed-methods approach to assess ex-ante the feasibility of CHI. In particular, eight preconditions are proposed to inform the viability of introducing the micro insurance. A case study located in rural northern Uganda is presented to test the effectiveness of the mixed-methods procedure for the feasibility purpose. A household survey covering 180 households, 8 structured focus group discussions, and 40 key informant interviews were performed between October and December 2016 in order to provide a complete and integrated analysis of the feasibility preconditions. Through the data collected at the household level, the population health seeking behaviours and the potential insurance design were examined; econometric analyses were carried out to investigate the perception of health as a priority need and the willingness to pay for the scheme. The latter component, in particular, was analysed through a contingent valuation method. The results validated the relevant feasibility preconditions. Econometric estimates demonstrated that awareness of catastrophic health expenditures and the distance to the hospital play a critical influence on household priorities and willingness to pay. Willingness is also significantly affected by socio-economic status and basic knowledge of insurance principles. Overall, the mixed-methods investigation showed that a comprehensive feasibility analysis can shape a viable CHI model to be implemented in the local context. Copyright © 2018 Elsevier Ltd. All rights reserved.

An empirical analysis of cigarette demand in Argentina

PubMed Central

Martinez, Eugenio; Mejia, Raul; Pérez-Stable, Eliseo J

2014-01-01

Objective To estimate the long-term and short-term effects on cigarette demand in Argentina based on changes in cigarette price and income per person >14 years old. Method Public data from the Ministry of Economics and Production were analysed based on monthly time series data between 1994 and 2010. The econometric analysis used cigarette consumption per person >14 years of age as the dependent variable and the real income per person >14 years old and the real average price of cigarettes as independent variables. Empirical analyses were done to verify the order of integration of the variables, to test for cointegration to capture the long-term effects and to capture the short-term dynamics of the variables. Results The demand for cigarettes in Argentina was affected by changes in real income and the real average price of cigarettes. The long-term income elasticity was equal to 0.43, while the own-price elasticity was equal to −0.31, indicating a 10% increase in the growth of real income led to an increase in cigarette consumption of 4.3% and a 10% increase in the price produced a fall of 3.1% in cigarette consumption. The vector error correction model estimated that the short-term income elasticity was 0.25 and the short-term own-price elasticity of cigarette demand was −0.15. A simulation exercise showed that increasing the price of cigarettes by 110% would maximise revenues and result in a potentially large decrease in total cigarette consumption. Conclusion Econometric analyses of cigarette consumption and their relationship with cigarette price and income can provide valuable information for developing cigarette price policy. PMID:23760657

An empirical analysis of cigarette demand in Argentina.

PubMed

Martinez, Eugenio; Mejia, Raul; Pérez-Stable, Eliseo J

2015-01-01

To estimate the long-term and short-term effects on cigarette demand in Argentina based on changes in cigarette price and income per person >14 years old. Public data from the Ministry of Economics and Production were analysed based on monthly time series data between 1994 and 2010. The econometric analysis used cigarette consumption per person >14 years of age as the dependent variable and the real income per person >14 years old and the real average price of cigarettes as independent variables. Empirical analyses were done to verify the order of integration of the variables, to test for cointegration to capture the long-term effects and to capture the short-term dynamics of the variables. The demand for cigarettes in Argentina was affected by changes in real income and the real average price of cigarettes. The long-term income elasticity was equal to 0.43, while the own-price elasticity was equal to -0.31, indicating a 10% increase in the growth of real income led to an increase in cigarette consumption of 4.3% and a 10% increase in the price produced a fall of 3.1% in cigarette consumption. The vector error correction model estimated that the short-term income elasticity was 0.25 and the short-term own-price elasticity of cigarette demand was -0.15. A simulation exercise showed that increasing the price of cigarettes by 110% would maximise revenues and result in a potentially large decrease in total cigarette consumption. Econometric analyses of cigarette consumption and their relationship with cigarette price and income can provide valuable information for developing cigarette price policy. Published by the BMJ Publishing Group Limited. For permission to use (where not already granted under a licence) please go to http://group.bmj.com/group/rights-licensing/permissions.

Some methodological issues in the longitudinal analysis of demographic data.

PubMed

Krishinan, P

1982-12-01

Most demographic data are macro (or aggregate) in nature. Some relevant methodological issues are presented here in a time series study using aggregate data. The micro-macro distinction is relative. Time enters into the micro and macro variables in different ways. A simple micro model of rural-urban migration is given. Method 1 is to assume homogeneity in behavior. Method 2 is a Bayesian estimation. A discusssion of the results follows. Time series models of aggregate data are given. The nature of the model--predictive or explanatory--must be decided on. Explanatory models in longitudinal studies have been developed. Ways to go to the micro level from the macro are discussed. The aggregation-disaggregation problem in demography is not similar to that in econometrics. To understand small populations, separate micro level data have to be collected and analyzed and appropriate models developed. Both types of models have their uses.

Alcohol marketing and young people's drinking: a review of the research.

PubMed

Hastings, Gerard; Anderson, Susan; Cooke, Emma; Gordon, Ross

2005-09-01

The influence of alcohol advertising on young people continues to be the subject of much debate. This paper presents a review of the literature showing that, while many econometric studies suggest little effect, more focused consumer studies, especially recent ones with sophisticated designs, do show clear links between advertising and behaviour. Furthermore, these effects have to be viewed in combination with the possible impact of other marketing activities such as price promotions, distribution, point of sale activity and new product development. Here, the evidence base is less well developed, but there are indications of effects. It must be acknowledged that categorical statements of cause and effect are always difficult in the social sciences; marketing is a complex phenomenon involving the active participation of consumers as well as marketers and more research is needed on its cumulative impact. Nonetheless, the literature presents an increasingly compelling picture that alcohol marketing is having an effect on young people's drinking.

Assessing economic impacts to coastal recreation and tourism from oil and gas development in the Oregon and Washington Outer Continental Shelf. Inventory and evaluation of Washington and Oregon coastal recreation resources

DOE Office of Scientific and Technical Information (OSTI.GOV)

Ellis, G.M.; Johnson, N.S.; Chapman, D.

The purpose of the three-part study was to assist Materials Management Service (MMS) planners in evaluation of the anticipated social impact of proposed oil and gas development on the environment. The purpose of the report is primarily to analyze the econometric models of the Dornbusch study. The authors examine, in detail, key aspects of the gravity, consumer surplus, and economic effects (input-output) models. The purpose is two-fold. First, the authors evaluate the performance of the model in satisfying the objective for which it was developed: analyzing economic impacts of OCS oil and gas development in California. Second, the authors evaluatemore » the applicability of the modeling approach employed in the Dornbusch study for analyzing potential OCS development impacts in Washington and Oregon. At the end of the report, the authors offer suggestions for any future study of economic impacts of OCS development in Washington and Oregon. The recommendations concern future data gathering procedures and alternative modeling approaches for measuring economic impacts.« less

Does the perception of fairness and standard of care in the health system depend on the field of study? Results of an empirical analysis

PubMed Central

2014-01-01

Background The main challenge in the context of health care reforms and priority setting is the establishment and/or maintenance of fairness and standard of care. For the political process and interdisciplinary discussion, the subjective perception of the health care system might even be as important as potential objective criteria. Of special interest are the perceptions of academic disciplines, whose representatives act as decision makers in the health care sector. The aim of this study is to explore and compare the subjective perception of fairness and standard of care in the German health care system among students of medicine, law, economics, philosophy, and religion. Methods Between October 2011 and January 2012, we asked freshmen and advanced students of the fields mentioned above to participate in a paper and pencil survey. Prior to this, we formulated hypotheses. The data were analysed by micro econometric regression techniques. Results Data from 1,088 students were included in the study. Medical students, freshmen, and advanced students perceive the standard of care significantly as being better than non-medical students. Differences in the perception of fairness are not significant between the freshmen of the academic disciplines; however, they increase with the number of study terms. Besides the field of study, further variables such as gender and health status have a significant impact on perceptions. Conclusions Our results show that there are differences in the perception of fairness and standard of care between academic disciplines, which might influence the interdisciplinary discussion on health care reforms and priority setting. PMID:24725356

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

ERIC Educational Resources Information Center

Barro, Stephen M.

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…

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

ERIC Educational Resources Information Center

Biagi, Federico; Loi, Massimo

2013-01-01

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

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

ERIC Educational Resources Information Center

Lindert, Peter H.

2009-01-01

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…

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

ERIC Educational Resources Information Center

Binder, Martin; Coad, Alex

2011-01-01

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

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

Code of Federal Regulations, 2010 CFR

2010-07-01

... 39 Postal Service 1 2010-07-01 2010-07-01 false Documentation of demand elasticities and volume forecasts. 3050.26 Section 3050.26 Postal Service POSTAL REGULATORY COMMISSION PERSONNEL PERIODIC REPORTING § 3050.26 Documentation of demand elasticities and volume forecasts. By January 20 of each year, the Postal Service shall provide econometric...

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

ERIC Educational Resources Information Center

Round, David K.

2007-01-01

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…

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

ERIC Educational Resources Information Center

Gottfried, Michael A.; Johnson, Erica L.

2006-01-01

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

IDA 2004 Cost Research Symposium: Investments in, Use of, and Management of Cost Research

DTIC Science & Technology

2004-09-01

Database: None Publication: Technical Report Keywords: Government, Aircraft, SD&D, Production, Integration, Data Collection, Database, CER B- 71 ... Martin Plant in Marietta , Georgia,” IDA Paper P-3590, July 2001 “Econometric Modeling of Acquisition Category I Systems at the Raytheon Plant in...NAVSEA) ............................................................ B- 71 Naval Surface Warfare Center, Dahlgren Division (NSWCDD

The Changing Role of State Appropriations for Higher Education: An Econometric Analysis from 1985-2008

ERIC Educational Resources Information Center

Mushrush, Christopher E.

2013-01-01

Traditionally, public funding of higher education has been viewed as cyclical, where support falls during times of economic downturn and then recovers as the economy improves. This view, however, is being challenged as budgetary shortfalls are becoming more common for states, even in times of economic growth, due to structural constraints. Using…

Econometric analysis of fire suppression production functions for large wildland fires

Treesearch

Thomas P. Holmes; David E. Calkin

2013-01-01

In this paper, we use operational data collected for large wildland fires to estimate the parameters of economic production functions that relate the rate of fireline construction with the level of fire suppression inputs (handcrews, dozers, engines and helicopters). These parameter estimates are then used to evaluate whether the productivity of fire suppression inputs...

Income Distribution Over Educational Levels: A Simple Model.

ERIC Educational Resources Information Center

Tinbergen, Jan

An econometric model is formulated that explains income per person in various compartments of the labor market defined by three main levels of education and by education required. The model enables an estimation of the effect of increased access to education on that distribution. The model is based on a production for the economy as a whole; a…

Homocores, Cores and Operational Inefficiency in Superadditive N-Person Games.

DTIC Science & Technology

1983-02-01

MICROCOPY RESOLUTION TEST CHART NATIONAL BUREAU OF STANDARDS -963-A ’I .. . Re,, arch Report CCS 456 HOMOCO.S S, WOkLS AND OPLP AI [OW \\l INEFFICIENCY...modifications were made in L. Johanssen’s working papers at The Econometric Institute of The University of Oslo in 1981 and in Aumann [1981]. Yet we know

Declining national park visitation: An economic analysis

Treesearch

Thomas H. Stevens; Thomas A. More; Marla Markowski-Lindsay

2014-01-01

Visitation to the major nature-based national parks has been declining. This paper specifies an econometric model that estimates the relative impact of consumer incomes, travel costs, entry fees and other factors on per capita attendance from 1993 to 2010. Results suggest that entrance fees have had a statistically significant but small impact on per capita attendance...

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

ERIC Educational Resources Information Center

Xu, Yonghong Jade

2013-01-01

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…

Size-biased distributions in the generalized beta distribution family, with applications to forestry

Treesearch

Mark J. Ducey; Jeffrey H. Gove

2015-01-01

Size-biased distributions arise in many forestry applications, as well as other environmental, econometric, and biomedical sampling problems. We examine the size-biased versions of the generalized beta of the first kind, generalized beta of the second kind and generalized gamma distributions. These distributions include, as special cases, the Dagum (Burr Type III),...

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

ERIC Educational Resources Information Center

Jakobsson, Niklas; Persson, Mattias; Svensson, Mikael

2013-01-01

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…

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

ERIC Educational Resources Information Center

London, Jonathan D.

2006-01-01

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…

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

ERIC Educational Resources Information Center

Canton, Erik; de Jong, Frank

2005-01-01

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…

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

ERIC Educational Resources Information Center

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

2013-01-01

The behavioral perspective model's (BPM; Foxall, 1990) retailing literature is built on extensive empirical research and techniques that were originally refined in choice experiments in behavioral economics and behavior analysis, and then tested mostly on British consumer panel data. We test the BPM in the context of Norwegian retailing. This…

Colin A. McMillan | NREL

Science.gov Websites

Colin A. McMillan Photo of Colin A. McMillan. Colin McMillan Researcher IV-Operations Research Econometrics Research Interests Systems-level energy efficiency analysis Material and energy flows in economies ; Journal of Industrial Ecology 17, no. 5 (October 2013): 700-11. doi:10.1111/jiec.12050 McMillan, C.A., S.J

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

ERIC Educational Resources Information Center

Yoo, Jang H.; Harrison, William B.

1989-01-01

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

78 FR 29258 - Blueberry Promotion, Research and Information Order; Assessment Rate Increase

Federal Register 2010, 2011, 2012, 2013, 2014

2013-05-20

.... \\6\\ The econometric model used statistical methods with time series data to measure how strongly the... program has been over 15 times greater than the costs. At the opposite end of the spectrum in the supply... times greater than the costs. Given the wide range of supply responses considered in the analysis, and...

78 FR 59775 - Blueberry Promotion, Research and Information Order; Assessment Rate Increase

Federal Register 2010, 2011, 2012, 2013, 2014

2013-09-30

... demand. \\6\\ The econometric model used statistical methods with time series data to measure how strongly... been over 15 times greater than the costs. At the opposite end of the spectrum in the supply response, the average BCR was computed to be 5.36, implying that the benefits of the USHBC were over five times...

East Europe Report

DTIC Science & Technology

1986-07-28

computation the lack of availability of goods, with the aid of an econometric model of the 4-person wage earner household (FRG consumption...substantially reducing the specific consumption of en- ergy, raw materials, and intermediate products per unit of national income . Cooperation conventions...of income , availability of goods, etc. Without a doubt, such differences impair the indicative value of consumer parities. However, the differences

Coping with increasing water and land resources limitation for meeting world's food needs: the role of virtual water and virtual land trade

NASA Astrophysics Data System (ADS)

Soriano, Barbara; Garrido, Alberto; Novo, Paula

2013-04-01

Increasing pressure to expand agriculture production is giving rise to renewed interest to obtain access to land and water resources in the world. Water footprint evaluations show the importance of green water in global food trade and production. Green water and land are almost inseparable resources. In this work we analyse the role of foreign direct investment and cooperation programmes from developed countries in developing counties, focusing on virtual water trade and associated resources. We develop econometric models with the aim to explain observed trends in virtual water exports from developing countries as explained by the inverse flow of investments and cooperation programmes. We analyse the main 19 emerging food exporters, from Africa, Asia and America, using 15 years of data. Results show that land per capita availability and foreign direct investments explain observed flows of virtual water exports. However, there is no causality with these and flows cooperation investments. Our analysis sheds light on the underlying forces explaining the phenomenon of land grab, which is the appropriation of land access in developing countries by food-importers.

Modeling of gold production in Malaysia

NASA Astrophysics Data System (ADS)

Muda, Nora; Ainuddeen, Nasihah Rasyiqah; Ismail, Hamizun; Umor, Mohd Rozi

2013-04-01

This study was conducted to identify the main factors that contribute to the gold production and hence determine the factors that affect to the development of the mining industry in Malaysia. An econometric approach was used by performing the cointegration analysis among the factors to determine the existence of long term relationship between the gold prices, the number of gold mines, the number of workers in gold mines and the gold production. The study continued with the Granger analysis to determine the relationship between factors and gold production. Results have found that there are long term relationship between price, gold production and number of employees. Granger causality analysis shows that there is only one way relationship between the number of employees with gold production in Malaysia and the number of gold mines in Malaysia.

The relation between global migration and trade networks

NASA Astrophysics Data System (ADS)

Sgrignoli, Paolo; Metulini, Rodolfo; Schiavo, Stefano; Riccaboni, Massimo

2015-01-01

In this paper we develop a methodology to analyze and compare multiple global networks, focusing our analysis on the relation between human migration and trade. First, we identify the subset of products for which the presence of a community of migrants significantly increases trade intensity, where to assure comparability across networks we apply a hypergeometric filter that lets us identify those links which intensity is significantly higher than expected. Next, proposing a new way to define country neighbors based on the most intense links in the trade network, we use spatial econometrics techniques to measure the effect of migration on international trade, while controlling for network interdependences. Overall, we find that migration significantly boosts trade across countries and we are able to identify product categories for which this effect is particularly strong.

An Econometric Model of Healthcare Demand With Nonlinear Pricing.

PubMed

Kunz, Johannes S; Winkelmann, Rainer

2017-06-01

From 2004 to 2012, the German social health insurance levied a co-payment for the first doctor visit in a calendar quarter. We develop a new model for estimating the effect of such a co-payment on the individual number of visits per quarter. The model combines a one-time increase in the otherwise constant hazard rate determining the timing of doctor visits with a difference-in-differences strategy to identify the reform effect. An extended version of the model accounts for a mismatch between reporting period and calendar quarter. Using data from the German Socio-Economic Panel, we do not find an effect of the co-payment on demand for doctor visits. Copyright © 2016 John Wiley & Sons, Ltd. Copyright © 2016 John Wiley & Sons, Ltd.

Parallel imports and the pricing of pharmaceutical products: evidence from the European Union.

PubMed

Ganslandt, Mattias; Maskus, Keith E

2004-09-01

We consider policy issues regarding parallel imports (PIs) of brand-name pharmaceuticals in the European Union, where such trade is permitted. We develop a simple model in which an original manufacturer competes in its home market with PI firms. The model suggests that for small trade costs the original manufacturer will accommodate the import decisions of parallel traders and that the price in the home market falls as the volume of parallel imports rises. Using data from Sweden we find that the prices of drugs subject to competition from parallel imports fell relative to other drugs over the period 1994-1999. Econometric analysis finds that parallel imports significantly reduced manufacturing prices, by 12-19%. There is evidence that this effect increases with multiple PI entrants.

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

ERIC Educational Resources Information Center

Nurnberg, Peter; Schapiro, Morton; Zimmerman, David

2010-01-01

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…

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

ERIC Educational Resources Information Center

Nurnberg, Peter; Schapiro, Morton; Zimmerman, David

2012-01-01

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…

School Accountability, Autonomy, Choice, and the Level of Student Achievement: International Evidence from PISA 2003. OECD Education Working Papers, No. 13

ERIC Educational Resources Information Center

Wobmann, Ludger; Ludemann, Elke; Schutz, Gabriela; West, Martin R.

2007-01-01

Accountability, autonomy, and choice play a leading role in recent school reforms in many countries. This report provides new evidence on whether students perform better in school systems that have such institutional measures in place. We implement an internationally comparative approach within a rigorous micro-econometric framework that accounts…

Enhancing Hungarian Special Forces through Transformation -- The Shift to Special Operations Forces

DTIC Science & Technology

2010-06-01

heteroskedasticity and the Ramsey RESET test . For the detailed regression results see Appendix B. Damodar N. Gujarati, Basic Econometrics , Third...96 Table 13. Ramsey RESET test using powers of the fitted values of DV1 (relative attitude toward HUNSF... Ramsey RESET test using powers of the fitted values of DV1 (relative attitude toward HUNSF) B. REGRESSION ANALYSIS

Dynamic learning and context-dependence in sequential, attribute-based, stated-preference valuation questions

Treesearch

Thomas P. Holmes; Kevin J. Boyle

2005-01-01

A hybrid stated-preference model is presented that combines the referendum contingent valuation response format with an experimentally designed set of attributes. A sequence of valuation questions is asked to a random sample in a mailout mail-back format. Econometric analysis shows greater discrimination between alternatives in the final choice in the sequence, and the...

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

ERIC Educational Resources Information Center

Khandker, Shahidur R.; And Others

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…

The Latino Male Educational Trajectory: A Precollege Econometric Model and 21st Century Implications

ERIC Educational Resources Information Center

Ortiz, Ramon, Jr.

2017-01-01

The twin challenges of aging demographics in the United States and the need for higher levels of education to compete in the new technology-based economy is creating a socioeconomic paradox (Friedman, 2005). As the Baby Boomer generation retires, those replacing them are increasingly a non-White population. This demographic shift is inevitable and…

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

ERIC Educational Resources Information Center

Eide, Eric R.; Showalter, Mark H.

2011-01-01

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…

The Determinants of Academic Performance of under Graduate Students: In the Case of Arba Minch University Chamo Campus

ERIC Educational Resources Information Center

Yigermal, Moges Endalamaw

2017-01-01

The main objective of the paper is to investigate the determinant factors affecting the academic performance of regular undergraduate students of Arba Minch university (AMU) chamo campus students. To meet the objective, the Pearson product moment correlation statistical tool and econometrics data analysis (OLS regression) method were used with the…

The Ratio of Public Investment in Education in China

ERIC Educational Resources Information Center

Liu, Zeyun; Yuan, Liansheng

2007-01-01

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…

Efficiency versus bias: the role of distributional parameters in count contingent behaviour models

Treesearch

Joseph Englin; Arwin Pang; Thomas Holmes

2011-01-01

One of the challenges facing many applications of non-market valuations is to find data with enough variation in the variable(s) of interest to estimate econometrically their effects on the quantity demanded. A solution to this problem was the introduction of stated preference surveys. These surveys can introduce variation into variables where there is no natural...

The Well-Being of Children Born to Teen Mothers: Multiple Approaches to Assessing the Causal Links. JCPR Working Paper.

ERIC Educational Resources Information Center

Levine, Judith A.; Pollack, Harold

This study used linked maternal-child data from the 1997-1998 National Longitudinal Survey of Youth to explore the wellbeing of children born to teenage mothers. Two econometric techniques explored the causal impact of early childbearing on subsequent child and adolescent outcomes. First, a fixed-effect, cousin-comparison analysis controlled for…

Reducing the Digital Divide through ICT Adoption: Factors, Barriers, and How ICT in Schools Can Help

ERIC Educational Resources Information Center

Tengtrakul, Pitikorn

2013-01-01

Through econometric analysis of data from multiple surveys, this study explores factors that affect ICT adoption and evaluates the extent to which ICT in schools affect the ICT adoption of surrounding communities, in order to provide a perspective that can help narrow the gap of digital divide. Understanding factors affecting ICT adoption may…

The Search for Equity in School Finance: Michigan School District Response to a Guaranteed Tax Base.

ERIC Educational Resources Information Center

Park, Rolla Edward; Carroll, Stephen J.

Part of a three-volume report on the effects of school finance reform, this volume examines the effects of reform on Michigan school districts' budgets from 1971 to 1976. Econometric models were used. Researchers found a very small "price" effect--an elasticity of -.02. The data provide no evidence that state matching grants stimulate…

Economics of Job Search: A Biracial Analysis of Job Search Behavior of Urban Male Youth Ages 18-22.

ERIC Educational Resources Information Center

Stephenson, Stanley P., Jr.

This study presents and tests an econometric model of job search behavior for youth. The main hypothesis is that differences in search behavior help account for youth-adult employment differences and that within the youth group, black-white unemployment and earnings differentials can be partially explained by job search behavior. Endogenous…

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

PubMed Central

Lee, Soocheol; Pollitt, Hector; Ueta, Kazuhiro

2012-01-01

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

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

NASA Astrophysics Data System (ADS)

Steward, David R.; Peterson, Jeffrey M.; Yang, Xiaoying; Bulatewicz, Tom; Herrera-Rodriguez, Mauricio; Mao, Dazhi; Hendricks, Nathan

2009-05-01

An integrated foundation is presented to study the impacts of external forcings on irrigated agricultural systems. Individually, models are presented that simulate groundwater hydrogeology and econometric farm level crop choices and irrigated water use. The natural association between groundwater wells and agricultural parcels is employed to couple these models using geographic information science technology and open modeling interface protocols. This approach is used to study the collective action problem of the common pool. Three different policies (existing, regulation, and incentive based) are studied in the semiarid grasslands overlying the Ogallala Aquifer in the central United States. Results show that while regulation using the prior appropriation doctrine and incentives using a water buy-back program may each achieve the same level of water savings across the study region, each policy has a different impact on spatial patterns of groundwater declines and farm level economic activity. This represents the first time that groundwater and econometric models of irrigated agriculture have been integrated at the well-parcel level and provides methods for scientific investigation of this coupled natural-human system. Results are useful for science to inform decision making and public policy debate.

Family planning choice behaviour in urban slums of Bangladesh: an econometric approach.

PubMed

Barkat, A; Rahman, M U; Bose, M L

1997-03-01

Bangladesh's urban population is projected to account for 26% of the country's total population by the year 2000 and 37% by 2015. A 1991 Bangladesh census report found that about 21 million of the total 111.5 million population were living in urban areas. 1551 currently-married women of reproductive age in 1551 households sampled from a representative sample of 91 slums in the metropolitan areas of Dhaka, Chittagong, and Khulna participated in a study of family planning behavior choice. 673 of the women were practicing family planning. The authors describe the construction of the econometric model used for analysis. Economic status as indicated by household income was found to considerably influence people's decisions concerning family planning practices. Higher women's educational status is also positively correlated with family planning practice. Husband's educational status has a less significant effect upon family planning practice. The change of a person from non-Muslim to Muslim has an insignificant, though positive, impact upon family planning practice. The more a woman feels empowered, being over age 19 years, the greater the number of living children, and the lower the level of preference for sons, the more likely a woman is to practice family planning.

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

PubMed

Lee, Soocheol; Pollitt, Hector; Ueta, Kazuhiro

2012-01-01

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

Measuring Efficiency of Secondary Healthcare Providers in Slovenia

PubMed Central

Blatnik, Patricia; Bojnec, Štefan; Tušak, Matej

2017-01-01

Abstract The chief aim of this study was to analyze secondary healthcare providers' efficiency, focusing on the efficiency analysis of Slovene general hospitals. We intended to present a complete picture of technical, allocative, and cost or economic efficiency of general hospitals. Methods We researched the aspects of efficiency with two econometric methods. First, we calculated the necessary quotients of efficiency with the stochastic frontier analyze (SFA), which are realized by econometric evaluation of stochastic frontier functions; then, with the data envelopment analyze (DEA), we calculated the necessary quotients that are based on the linear programming method. Results Results on measures of efficiency showed that the two chosen methods produced two different conclusions. The SFA method concluded Celje General Hospital is the most efficient general hospital, whereas the DEA method concluded Brežice General Hospital was the hospital to be declared as the most efficient hospital. Conclusion Our results are a useful tool that can aid managers, payers, and designers of healthcare policy to better understand how general hospitals operate. The participants can accordingly decide with less difficulty on any further business operations of general hospitals, having the best practices of general hospitals at their disposal. PMID:28730180

Quality competition in local hospital markets: some econometric evidence from the period 1982-1988.

PubMed

Chirikos, T N

1992-05-01

This study examines whether American hospitals continued to engage in non-price or quality competition over the recent past as health care markets underwent fundamental structural changes and the economic incentives facing hospital managers were correspondingly altered. It also investigates the degree to which such rivalrous behavior contributes to losses in economic welfare. An econometric model of quality competition is specified that tests, among other things, for the effect of spending by the hospital to enhance the quality of output on annual changes in its share of the local (inpatient) market as well as the effects of competitive conditions in the local market on the annual sum spent on quality enhancement. The model is estimated with panel data on 195 acute care hospitals in the State of Florida for the years 1982-1988. The results suggest that quality competitive behavior continued unabated over this period and that it was stimulated as much by the growth in physician supply and alternative delivery mechanisms as it was by other competing hospitals in the local market. Furthermore, the results show that quality competition yields some inefficiency or waste, but much of it also meets the test of the market.

The significance of renewable energy use for economic output and environmental protection: evidence from the Next 11 developing economies.

PubMed

Paramati, Sudharshan Reddy; Sinha, Avik; Dogan, Eyup

2017-05-01

Increasing economic activities in developing economies raise demand for energy mainly sourced from conventional sources. The consumption of more conventional energy will have a significant negative impact on the environment. Therefore, attention of policy makers has recently shifted towards the promotion of renewable energy generation and uses across economic activities to ensure low carbon economy. Given the recent scenario, in this paper, we aim to examine the role of renewable energy consumption on the economic output and CO 2 emissions of the next fastest developing economies of the world. The study employs several robust panel econometric models by using annual data from 1990 to 2012. Empirical findings confirm the significant long-run association among the variables. Similarly, results show that renewable energy consumption positively contributes to economic output and has an adverse effect on CO 2 emissions. Given our findings, we suggest policy makers of those economies to initiate further effective policies to promote more renewable energy generation and uses across economic activities to ensure sustainable economic development.

Lives Saved Tool (LiST) costing: a module to examine costs and prioritize interventions.

PubMed

Bollinger, Lori A; Sanders, Rachel; Winfrey, William; Adesina, Adebiyi

2017-11-07

Achieving the Sustainable Development Goals will require careful allocation of resources in order to achieve the highest impact. The Lives Saved Tool (LiST) has been used widely to calculate the impact of maternal, neonatal and child health (MNCH) interventions for program planning and multi-country estimation in several Lancet Series commissions. As use of the LiST model increases, many have expressed a desire to cost interventions within the model, in order to support budgeting and prioritization of interventions by countries. A limited LiST costing module was introduced several years ago, but with gaps in cost types. Updates to inputs have now been added to make the module fully functional for a range of uses. This paper builds on previous work that developed an initial version of the LiST costing module to provide costs for MNCH interventions using an ingredients-based costing approach. Here, we update in 2016 the previous econometric estimates from 2013 with newly-available data and also include above-facility level costs such as program management. The updated econometric estimates inform percentages of intervention-level costs for some direct costs and indirect costs. These estimates add to existing values for direct cost requirements for items such as drugs and supplies and required provider time which were already available in LiST Costing. Results generated by the LiST costing module include costs for each intervention, as well as disaggregated costs by intervention including drug and supply costs, labor costs, other recurrent costs, capital costs, and above-service delivery costs. These results can be combined with mortality estimates to support prioritization of interventions by countries. The LiST costing module provides an option for countries to identify resource requirements for scaling up a maternal, neonatal, and child health program, and to examine the financial impact of different resource allocation strategies. It can be a useful tool for countries as they seek to identify the best investments for scarce resources. The purpose of the LiST model is to provide a tool to make resource allocation decisions in a strategic planning process through prioritizing interventions based on resulting impact on maternal and child mortality and morbidity.

Land-use change, deforestation, and peasant farm systems: A case study of Mexico's Southern Yucatan Peninsular Region

NASA Astrophysics Data System (ADS)

Vance, Colin James

This dissertation develops spatially explicit econometric models by linking Thematic Mapper (TM) satellite imagery with household survey data to test behavioral propositions of semi-subsistence farmers in the Southern Yucatan Peninsular Region (SYPR) of Mexico. Covering 22,000 km2, this agricultural frontier contains one of the largest and oldest expanses of tropical forests in the Americas outside of Amazonia. Over the past 30 years, the SYPR has undergone significant land-use change largely owing to the construction of a highway through the region's center in 1967. These landscape dynamics are modeled by exploiting a spatial database linking a time series of TM imagery with socio-economic and geo-referenced land-use data collected from a random sample of 188 farm households. The dissertation moves beyond the existing literature on deforestation in three principal respects. Theoretically, the study develops a non-separable model of land-use that relaxes the assumption of profit maximization almost exclusively invoked in studies of the deforestation issue. The model is derived from a utility-maximizing framework that explicitly incorporates the interdependency of the household's production and consumption choices as these affect the allocation of resources. Methodologically, the study assembles a spatial database that couples satellite imagery with household-level socio-economic data. The field survey protocol recorded geo-referenced land-use data through the use of a geographic positioning system and the creation of sketch maps detailing the location of different uses observed within individual plots. Empirically, the study estimates spatially explicit econometric models of land-use change using switching regressions and duration analysis. A distinguishing feature of these models is that they link the dependent and independent variables at the level of the decision unit, the land manager, thereby capturing spatial and temporal heterogeneity that is otherwise obscured in studies using data aggregated to higher scales of analysis. The empirical findings suggest the potential of various policy initiatives to impede or otherwise alter the pattern of land-cover conversions. In this regard, the study reveals that consideration of missing or thin markets is critical to understanding how farmers in the SYPR reach subsistence and commercial cropping decisions.

Essays on measurement and evaluation of demand side management programs in the electricity industry, and impacts of firm strategy on stock price in the biotechnology industry

NASA Astrophysics Data System (ADS)

Bandres Motola, Miguel A.

Essay one estimates changes in small business customer energy consumption (kWh) patterns resulting from a seasonally differentiated pricing structure. Econometric analysis leverages cross-sectional time series data across the entire population of affected customers, from 2007 through the present. Observations include: monthly energy usage (kWh), relevant customer segmentations, local daily temperature, energy price, and region-specific economic conditions, among other variables. The study identifies the determinants of responsiveness to seasonal price differentiation. In addition, estimated energy consumption changes occurring during the 2010 summer season are reported for the average customer and in aggregate grouped by relevant customer segments, climate zone, and total customer base. Essay two develops an econometric modeling methodology to evaluate load impacts for short duration demand response events. The study analyzes time series data from a season of direct load control program tests aimed at integrating demand response into the wholesale electricity market. I have combined "fuzzy logic" with binary variables to create "fuzzy indicator variables" that allow for measurement of short duration events while using industry standard model specifications. Typically, binary variables for every hour are applied in load impact analysis of programs dispatched in hourly intervals. As programs evolve towards integration with the wholesale market, event durations become irregular and often occur for periods of only a few minutes. This methodology is innovative in that it conserves the degrees of freedom in the model while allowing for analysis of high frequency data using fixed effects. Essay three examines the effects of strategies, intangibles, and FDA news on the stocks of young biopharmaceutical firms. An event study methodology is used to explore those effects. This study investigates 20,839 announcements from 1990 to 2005. Announcements on drug development, alliances, publications, presentations, and FDA approval have a positive effect on the short-term performance of young biopharmaceutical firms. Announcements on goals not met, FDA drug approval denied, and changes in structural organizations have a negative effect on the short-term performance of young biopharmaceutical firms.

A Panel Analysis of Student Mathematics Achievement in the US in the 1990s: Does Increasing the Amount of Time in Learning Activities Affect Math Achievement?

ERIC Educational Resources Information Center

Aksoy, Tevfik; Link, Charles R.

2000-01-01

Uses panel estimation techniques to estimate econometric models of mathematics achievement determinants for a nationally representative sample of high-school students. Extra time spent on math homework increases test scores; an extra hour of TV viewing negatively affects scores. Longer math periods also help. (Contains 56 references.) (MLH)

Density Deconvolution With EPI Splines

DTIC Science & Technology

2015-09-01

effects of various substances on test subjects [11], [12]. Whereas in geophysics, a shot may be fired into the ground, in pharmacokinetics, a signal is...be significant, including medicine, bioinformatics, chemistry, as- tronomy, and econometrics , as well as an extensive review of kernel based methods...demonstrate the effectiveness of our model in simulations motivated by test instances in [32]. We consider an additive measurement model scenario where

An Econometric Model of External Labor Supply to the Establishment Within a Confined Geographic Market.

ERIC Educational Resources Information Center

Hines, Robert James

The study conducted in the Buffalo, New York standard metropolitan statistical area, was undertaken to formulate and test a simple model of labor supply for a local labor market. The principal variables to be examined to determine the external supply function of labor to the establishment are variants of the rate of change of the entry wage and…

Analytical Tools for Affordability Analysis

DTIC Science & Technology

2015-04-30

flunk this basic test from their inception. —Honorable Ashton B. Carter (2010), Under Secretary of Defense for Acquisition, Technology, and Logistics... Testing , and Evaluation] funding has been lost to cancelled programs. (Decker & Wagner, 2011) The Army is scarcely unique in this regard. All... econometric model of how schedule affects cost should take advantage of these different cost categories and treat them separately when they are known

Changes in Examination Performance in English Secondary Schools over the Course of a Decade: Searching for Patterns and Trends over Time

ERIC Educational Resources Information Center

Mangan, Jean; Pugh, Geoff; Gray, John

2005-01-01

The article explores changes in the examination performance of a random sample of 500 English secondary schools between 1992 and 2001. Using econometric methods, it concludes that: there is an overall deterministic trend in school performance but it is not stable, making prediction accuracy poor; the aggregate trend does not explain improvement…

Econometrics of joint production: another approach. [Petroleum refining and petrochemicals production

DOE Office of Scientific and Technical Information (OSTI.GOV)

Griffin, J.M.

1977-11-01

The pseudo data approach to the joint production of petroleum refining and chemicals is described as an alternative that avoids the multicollinearity of time series data and allows a complex technology to be characterized in a statistical price possibility frontier. Intended primarily for long-range analysis, the pseudo data method can be used as a source of elasticity estimate for policy analysis. 19 references.

An Investigation of Multivariate Adaptive Regression Splines for Modeling and Analysis of Univariate and Semi-Multivariate Time Series Systems

DTIC Science & Technology

1991-09-01

However, there is no guarantee that this would work; for instance if the data were generated by an ARCH model (Tong, 1990 pp. 116-117) then a simple...Hill, R., Griffiths, W., Lutkepohl, H., and Lee, T., Introduction to the Theory and Practice of Econometrics , 2th ed., Wiley, 1985. Kendall, M., Stuart

Dynamics of Markets

NASA Astrophysics Data System (ADS)

McCauley, Joseph L.

2009-09-01

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

Who pays for sudden oak death? An econometric investigation of the impact of an emerging pathogen on California nurseries

Treesearch

J.K. Gilless; J. Tack; A. Peterson Zwane

2006-01-01

While there is a great deal of scientific uncertainty about the nature and control of Phytophthora ramorum, there is growing concern that its economic costs will be significant. Indeed the repercussions at the nursery level of a positive test for the presence of P. ramorum may include severely impacted current and future cash flows...

Extraterrestrial materials processing and construction. [space industrialization

NASA Technical Reports Server (NTRS)

Criswell, D. R.; Waldron, R. D.; Mckenzie, J. D.

1980-01-01

Three different chemical processing schemes were identified for separating lunar soils into the major oxides and elements. Feedstock production for space industry; an HF acid leach process; electrorefining processes for lunar free metal and metal derived from chemical processing of lunar soils; production and use of silanes and spectrally selective materials; glass, ceramics, and electrochemistry workshops; and an econometric model of bootstrapping space industry are discussed.

Federal timber restrictions, interregional spillovers, and the impact on US softwood markets

Treesearch

David N. Wear; Brian C. Murray

2004-01-01

An econometric model of the US softwood lumber and timber markets is estimated and used to simulate the price, trade, and welfare effects of reductions in federal timber sales in the western US commencing in the late 1980s. Results indicate that the timber sale reductions increased lumber prices by roughly 15 percent in the mid-1990s. Lumber consumers were the...

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

ERIC Educational Resources Information Center

Chressanthis, George A.; Chressanthis, June D.

1994-01-01

Provides regression-based empirical evidence of the effects of variations in exchange rate risk on 1985 library prices of the top-ranked 99 journals in economics. The relationship between individual journal prices and library prices is shown, and other factors associated with increases and decreases in library journal prices are given. (Contains…

The Impact of Socioeconomic Status and Population Size on the Use of the Tatar Language at Home

ERIC Educational Resources Information Center

Tovar-García, Edgar Demetrio; Podmazin, Evgeny

2018-01-01

Based on econometric methods, we found that Tatar children from families with better material conditions and those who live in bigger cities are more likely to use the Russian language at home. Although Tatar seems to be well protected, thanks to local language policies after perestroika, we found some warning signs for the reformulation of public…

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

NASA Technical Reports Server (NTRS)

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

2012-01-01

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.

Linking land-use projections and forest fragmentation analysis.

Treesearch

Andrew J. Plantinga; Ralph J. Alig; Henry Eichman; David J. Lewis

2007-01-01

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 2030. However, forest area is projected to decrease in a majority of regions, including the key forestry regions of...

Skills for a Low-Carbon Europe: The Role of VET in a Sustainable Energy Scenario. Synthesis Report. Research Paper No 34

ERIC Educational Resources Information Center

Ranieri, Antonio, Ed.

2013-01-01

This report provides an analysis of the labour market impacts of EU policy interventions designed to support the transition to a job-rich, low-carbon economy. The approach taken is innovative as it combines quantitative (econometric modelling) and qualitative (case study) methods to investigate the expected impact of sustainable energy policies on…

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

ERIC Educational Resources Information Center

Musgrave, Gerald L.

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

Social Security and Saving: A Time-Series Econometrics Pedagogical Example (With "R" Code)

ERIC Educational Resources Information Center

Wassell, Charles S., Jr.

2018-01-01

In 1974, and then again in 1996, Martin Feldstein published studies of the impact of the Social Security system on private saving in the U.S. economy. He found that Social Security depressed personal saving by a substantial amount--up to 50 percent. The author uses the Feldstein data and empirical models in this article to illustrate the steps in…

Determining the Relationship Between Moral Waivers and Marine Corps Unsuitability Attrition

DTIC Science & Technology

2008-03-01

observed characteristics. However, econometric research indicates that the magnitude of interaction effects estimated via probit or logit models may...1997 to 2005. Multivariate probit models were used to analyze the effects of moral waivers on unsatisfactory service separations. 15. NUMBER OF...files from fiscal years 1997 to 2005. Multivariate probit models were used to analyze the effects of moral waivers on unsatisfactory service

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

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

2010-01-01

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…

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

ERIC Educational Resources Information Center

De Grip, Andries; Sauermann, Jan

2013-01-01

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…

Econometric models of road use, accidents, and road investment decisions. Volume 1 : introductory overview, the barely revealed preference behind road investment priorities (essay 1), measuring the contribution of randomness, exposure, weather, and daylig

DOT National Transportation Integrated Search

1999-11-01

This volume contains the forst part of the author's PhD dissertation, and includes an introductory overview as well as two essays. The first essay entitled "The barely revealed preference behind road investment priorities," co-authored by Rune Elvik,...

An integrated model of human-wildlife interdependence

USGS Publications Warehouse

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

1994-01-01

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

Study protocol: combining experimental methods, econometrics and simulation modelling to determine price elasticities for studying food taxes and subsidies (The Price ExaM Study).

PubMed

Waterlander, Wilma E; Blakely, Tony; Nghiem, Nhung; Cleghorn, Christine L; Eyles, Helen; Genc, Murat; Wilson, Nick; Jiang, Yannan; Swinburn, Boyd; Jacobi, Liana; Michie, Jo; Ni Mhurchu, Cliona

2016-07-19

There is a need for accurate and precise food price elasticities (PE, change in consumer demand in response to change in price) to better inform policy on health-related food taxes and subsidies. The Price Experiment and Modelling (Price ExaM) study aims to: I) derive accurate and precise food PE values; II) quantify the impact of price changes on quantity and quality of discrete food group purchases and; III) model the potential health and disease impacts of a range of food taxes and subsidies. To achieve this, we will use a novel method that includes a randomised Virtual Supermarket experiment and econometric methods. Findings will be applied in simulation models to estimate population health impact (quality-adjusted life-years [QALYs]) using a multi-state life-table model. The study will consist of four sequential steps: 1. We generate 5000 price sets with random price variation for all 1412 Virtual Supermarket food and beverage products. Then we add systematic price variation for foods to simulate five taxes and subsidies: a fruit and vegetable subsidy and taxes on sugar, saturated fat, salt, and sugar-sweetened beverages. 2. Using an experimental design, 1000 adult New Zealand shoppers complete five household grocery shops in the Virtual Supermarket where they are randomly assigned to one of the 5000 price sets each time. 3. Output data (i.e., multiple observations of price configurations and purchased amounts) are used as inputs to econometric models (using Bayesian methods) to estimate accurate PE values. 4. A disease simulation model will be run with the new PE values as inputs to estimate QALYs gained and health costs saved for the five policy interventions. The Price ExaM study has the potential to enhance public health and economic disciplines by introducing internationally novel scientific methods to estimate accurate and precise food PE values. These values will be used to model the potential health and disease impacts of various food pricing policy options. Findings will inform policy on health-related food taxes and subsidies. Australian New Zealand Clinical Trials Registry ACTRN12616000122459 (registered 3 February 2016).

Interaction of natural survival instincts and internalized social norms exploring the Titanic and Lusitania disasters

PubMed Central

Frey, Bruno S.; Savage, David A.; Torgler, Benno

2010-01-01

To understand human behavior, it is important to know under what conditions people deviate from selfish rationality. This study explores the interaction of natural survival instincts and internalized social norms using data on the sinking of the Titanic and the Lusitania. We show that time pressure appears to be crucial when explaining behavior under extreme conditions of life and death. Even though the two vessels and the composition of their passengers were quite similar, the behavior of the individuals on board was dramatically different. On the Lusitania, selfish behavior dominated (which corresponds to the classical homo economicus); on the Titanic, social norms and social status (class) dominated, which contradicts standard economics. This difference could be attributed to the fact that the Lusitania sank in 18 min, creating a situation in which the short-run flight impulse dominated behavior. On the slowly sinking Titanic (2 h, 40 min), there was time for socially determined behavioral patterns to reemerge. Maritime disasters are traditionally not analyzed in a comparative manner with advanced statistical (econometric) techniques using individual data of the passengers and crew. Knowing human behavior under extreme conditions provides insight into how widely human behavior can vary, depending on differing external conditions. PMID:20194743

Approaches to nonlinear cointegration with a view towards applications in SHM

NASA Astrophysics Data System (ADS)

Cross, E. J.; Worden, K.

2011-07-01

One of the major problems confronting the application of Structural Health Monitoring (SHM) to real structures is that of divorcing the effect of environmental changes from those imposed by damage. A recent development in this area is the import of the technique of cointegration from the field of econometrics. While cointegration is a mature technology within economics, its development has been largely concerned with linear time-series analysis and this places a severe constraint on its application - particularly in the new context of SHM where damage can often make a given structure nonlinear. The objective of the current paper is to introduce two possible approaches to nonlinear cointegration: the first is an optimisation-based method; the second is a variation of the established Johansen procedure based on the use of an augmented basis. Finally, the ideas of nonlinear cointegration will be explored through application to real SHM data from the benchmark project on the Z24 Highway Bridge.

Spatial econometric analysis of factors influencing regional energy efficiency in China.

PubMed

Song, Malin; Chen, Yu; An, Qingxian

2018-05-01

Increased environmental pollution and energy consumption caused by the country's rapid development has raised considerable public concern, and has become the focus of the government and public. This study employs the super-efficiency slack-based model-data envelopment analysis (SBM-DEA) to measure the total factor energy efficiency of 30 provinces in China. The estimation model for the spatial interaction intensity of regional total factor energy efficiency is based on Wilson's maximum entropy model. The model is used to analyze the factors that affect the potential value of total factor energy efficiency using spatial dynamic panel data for 30 provinces during 2000-2014. The study found that there are differences and spatial correlations of energy efficiency among provinces and regions in China. The energy efficiency in the eastern, central, and western regions fluctuated significantly, and was mainly because of significant energy efficiency impacts on influences of industrial structure, energy intensity, and technological progress. This research is of great significance to China's energy efficiency and regional coordinated development.

The Value of Information from a GRACE-Enhanced Drought Severity Index

NASA Astrophysics Data System (ADS)

Kuwayama, Y.; Bernknopf, R.; Brookshire, D.; Macauley, M.; Zaitchik, B. F.; Rodell, M.; Vail, P.; Thompson, A.

2015-12-01

In this project, we develop a framework to estimate the economic value of information from the Gravity and Climate Experiment (GRACE) for drought monitoring and to understand how the GRACE Data Assimilation (GRACE-DA) system can inform decision making to improve regional economic outcomes. Specifically, we consider the potential societal value of further incorporating GRACE-DA information into the U.S. Drought Monitor mapmaking process. Research activities include (a) a literature review, (b) a series of listening sessions with experts and stakeholders, (c) the development of a conceptual economic framework based on a Bayesian updating procedure, and (d) an econometric analysis and retrospective case study to understand the GRACE-DA contribution to agricultural policy and production decisions. Taken together, the results from these research activities support our conclusion that GRACE-DA has the potential to lower the variance associated with our understanding of drought and that this improved understanding has the potential to change policy decisions that lead to tangible societal benefits.

An economic model of the manufacturers' aircraft production and airline earnings potential, volume 3

NASA Technical Reports Server (NTRS)

Kneafsey, J. T.; Hill, R. M.

1978-01-01

A behavioral explanation of the process of technological change in the U. S. aircraft manufacturing and airline industries is presented. The model indicates the principal factors which influence the aircraft (airframe) manufacturers in researching, developing, constructing and promoting new aircraft technology; and the financial requirements which determine the delivery of new aircraft to the domestic trunk airlines. Following specification and calibration of the model, the types and numbers of new aircraft were estimated historically for each airline's fleet. Examples of possible applications of the model to forecasting an individual airline's future fleet also are provided. The functional form of the model is a composite which was derived from several preceding econometric models developed on the foundations of the economics of innovation, acquisition, and technological change and represents an important contribution to the improved understanding of the economic and financial requirements for aircraft selection and production. The model's primary application will be to forecast the future types and numbers of new aircraft required for each domestic airline's fleet.

Bubbles, shocks and elementary technical trading strategies

NASA Astrophysics Data System (ADS)

Fry, John

2014-01-01

In this paper we provide a unifying framework for a set of seemingly disparate models for bubbles, shocks and elementary technical trading strategies in financial markets. Markets operate by balancing intrinsic levels of risk and return. This seemingly simple observation is commonly over-looked by academics and practitioners alike. Our model shares its origins in statistical physics with others. However, under our approach, changes in market regime can be explicitly shown to represent a phase transition from random to deterministic behaviour in prices. This structure leads to an improved physical and econometric model. We develop models for bubbles, shocks and elementary technical trading strategies. The list of empirical applications is both interesting and topical and includes real-estate bubbles and the on-going Eurozone crisis. We close by comparing the results of our model with purely qualitative findings from the finance literature.

Net migration estimation in an extended, multiregional gravity model.

PubMed

Foot, D K; Milne, W J

1984-02-01

A multi-regional framework is developed in order to analyze net migration over time to all 10 Canadian provinces within an integrated system of equations. "An extended gravity model is the basis for the equation specification and the use of constrained econometric estimation techniques allows for the provincial interdependence of the migration decision while at the same time ensuring that an important system-wide requirement is respected." The model is estimated using official Canadian data for the 1960s and 1970s. "The results suggest the predominance of the push factor for interprovincial migration for most provinces, although net migration to the Atlantic provinces is also shown to be subject to pull forces from the rest of the country." The effects of wage rate variables, unemployment, and political disturbances in Quebec on inter-provincial migration are noted. excerpt

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

PubMed

López Nicolás, Angel; Vera-Hernández, Marcos

2008-09-01

This paper develops an empirical strategy to estimate whether subsidies to private medical insurance are self-financing in countries where public and private insurance coexist and the latter covers the same treatments as the former. We construct a simulation routine based on a micro-econometric discrete choice model that allows us to evaluate the impact of premium changes on the utilization of outpatient and inpatient health care services. As an application, we estimate the budgetary effects of scrapping a subsidy from the purchase of individual private policies, using micro-data from Catalonia. Our results suggest that the subsidy is not self-financing. This result is driven by the fact that private medical insurance holders make concurrent use of public and private services, and by the price inelasticity of the demand for private policies.

The co-integration analysis of relationship between urban infrastructure and urbanization - A case of Shanghai

NASA Astrophysics Data System (ADS)

Wang, Qianlu

2017-10-01

Urban infrastructure and urbanization influence each other, and quantitative analysis of the relationship between them will play a significant role in promoting the social development. The paper based on the data of infrastructure and the proportion of urban population in Shanghai from 1988 to 2013, use the econometric analysis of co-integration test, error correction model and Granger causality test method, and empirically analyze the relationship between Shanghai's infrastructure and urbanization. The results show that: 1) Shanghai Urban infrastructure has a positive effect for the development of urbanization and narrowing the population gap; 2) when the short-term fluctuations deviate from long-term equilibrium, the system will pull the non-equilibrium state back to equilibrium with an adjust intensity 0.342670. And hospital infrastructure is not only an important variable for urban development in short-term, but also a leading infrastructure in the process of urbanization in Shanghai; 3) there has Granger causality between road infrastructure and urbanization; and there is no Granger causality between water infrastructure and urbanization, hospital and school infrastructures of social infrastructure have unidirectional Granger causality with urbanization.

Applicability of Monte Carlo cross validation technique for model development and validation using generalised least squares regression

NASA Astrophysics Data System (ADS)

Haddad, Khaled; Rahman, Ataur; A Zaman, Mohammad; Shrestha, Surendra

2013-03-01

SummaryIn regional hydrologic regression analysis, model selection and validation are regarded as important steps. Here, the model selection is usually based on some measurements of goodness-of-fit between the model prediction and observed data. In Regional Flood Frequency Analysis (RFFA), leave-one-out (LOO) validation or a fixed percentage leave out validation (e.g., 10%) is commonly adopted to assess the predictive ability of regression-based prediction equations. This paper develops a Monte Carlo Cross Validation (MCCV) technique (which has widely been adopted in Chemometrics and Econometrics) in RFFA using Generalised Least Squares Regression (GLSR) and compares it with the most commonly adopted LOO validation approach. The study uses simulated and regional flood data from the state of New South Wales in Australia. It is found that when developing hydrologic regression models, application of the MCCV is likely to result in a more parsimonious model than the LOO. It has also been found that the MCCV can provide a more realistic estimate of a model's predictive ability when compared with the LOO.

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

ERIC Educational Resources Information Center

Cruz, Luiz M.; Moreira, Marcelo J.

2005-01-01

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…

Evaluation to Redesign a Prototype Officer Data Base for Interdisciplinary Research

DTIC Science & Technology

1992-01-01

accommodate cohort longitudinal research and econometric model testing . Recommendations regarding the adoption of the LOADB were presented. Utilization...commission data sets (Younkman, 1987), and the AIMS data set ( Ramsey & Younkman, 1989). An analysis of selected standardized tests for ROTC screening was...ARI Research Note 92-16 Evaluation to Redesign a Prototype il Officer Data Base for Interdisciplinary Research Dianne D. Younkman and Lori G. Ramsey

Peer and Leadership Effects in Academic and Athletic Performance

DTIC Science & Technology

2007-05-02

literature has used previous peer achievement as an instrument for current achievement (Betts & Zau, 2004; Burke & Sass, 2004; Hanushek , et al...Betts & Zau, 2004; Burke & Sass, 2004; Hanushek , et al., 2003). This has typically been accomplished using large administrative panel data sets while... Hanushek , E.A., Kain, J.F., Markham, J.M. & Rivkin, S.G. (2003). Does Peer Ability Affect Student Achievement? Journal of Applied Econometrics, 18, 527

Long-range correlations in time series generated by time-fractional diffusion: A numerical study

NASA Astrophysics Data System (ADS)

Barbieri, Davide; Vivoli, Alessandro

2005-09-01

Time series models showing power law tails in autocorrelation functions are common in econometrics. A special non-Markovian model for such kind of time series is provided by the random walk introduced by Gorenflo et al. as a discretization of time fractional diffusion. The time series so obtained are analyzed here from a numerical point of view in terms of autocorrelations and covariance matrices.

FAA Aviation Forecast Conference Proceedings (16th)

DTIC Science & Technology

1991-02-01

FORECASTS The FAA forecasting process is a continuous one which involves FAA Forecast Branch’s interaction with various FAA Offices and Services... process uses various economic and aviation data bases, the outputs of several econometric models and equations, and other analytical techniques. The FAA...workload measures, summarized numerically in the table on page 8, are the resultant forecasts of this process and are used annually by the agency for

Recruiters, Advertising, and Navy Enlistments.

DTIC Science & Technology

1980-03-01

Population’s Awareness and Advertising Previous studies on advertising have focused on measuring its effects in product markets : the consensus is that...needed that would have an immediate effect. Since about half of the HSGs generated by advertising accrue after the second year, the proper strategy is...1 June 1973. 4. Clarke, D.G., "Econometric Measurement of the Duration of Advertising Effect on Sales," Journal of Marketing Research, Vol. III

The future of housing in the United States: an econometric model of long-term predictions for the 2000 RPA timber assessment.

Treesearch

Claire A. Montgomery

2001-01-01

This report presents historical trends and future projections of forest, agricultural, and urban and other land uses for the South-Central United States. A land use share model is used to investigate the relation between the areas of land in alternative uses and economic and demographic factors influencing land use decisions. Two different versions of the empirical...

Climate change and future land use in the United States: an economic approach

Treesearch

David Haim; Ralph J. Alig; Andrew J. Plantinga; Brent Sohngen

2011-01-01

An econometric land-use model is used to project regional and national land-use changes in the United States under two IPCC emissions scenarios. The key driver of land-use change in the model is county-level measures of net returns to five major land uses. The net returns are modified for the IPCC scenarios according to assumed trends in population and income and...

Infrastructure in the 21st Century Economy: A Review of the Issues and Outline of a Study of the Impacts of Federal Infrastructure Investments

DTIC Science & Technology

1993-07-01

future effects since future technologies like MAGLEV haven’t transpired yet. IV. Panel Question and Answers Nadiri: Let me make two points. First, this...towards Medicare or infrastructure and then within that MAGLEV or fiber optics, but the econometrics is so loose on this that we can’t really say much

From deficit to surplus: An econometric analysis of US trade balance in forest products

Treesearch

Daowei Zhang; Ying Lin; Jeffrey P. Prestemon

2017-01-01

Although the US trade deficit has persisted since 1975, the country changed in 2009 from a net importer to a net exporter of forest products, emerging as the world's largest exporter of forest products. Drawing on recent data, we model the real dollar value of US exports, imports, and the trade balance in forest products to identify factors likely to explain this...

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

Marston, Stephen Tilney

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…

Oscillatory dynamics of investment and capacity utilization

NASA Astrophysics Data System (ADS)

Greenblatt, R. E.

2017-01-01

Capitalist economic systems display a wide variety of oscillatory phenomena whose underlying causes are often not well understood. In this paper, I consider a very simple model of the reciprocal interaction between investment, capacity utilization, and their time derivatives. The model, which gives rise periodic oscillations, predicts qualitatively the phase relations between these variables. These predictions are observed to be consistent in a statistical sense with econometric data from the US economy.

Estimation of the Effects of a Ship’s Steaming on the Failure Rate of Its Equipment: An Application of Econometric Analysis.

DTIC Science & Technology

1980-04-01

published in "The Soviet Union in the Third World: Success or Failure." ed. by Robert H. pp 258 Donaldson. Westejuw Press. Boulder Co.. Summer Mengel ...34 14 Navy Enlistinents." 34 pp.. Mar 1980 pp.. Non 1979 (Reprinted from Journal Chew. Istri. 70112), 15 Jun 1979). AD A076 287 PP 277 Mengel , Marc

[Demand for cigarettes and tax increases in El Salvador].

PubMed

Ramos-Carbajales, Alejandro; González-Rozada, Martín; Vallarino, Hugo

2016-10-01

Analyze short- and long-term elasticities of demand for cigarettes in El Salvador as a tool for supporting recommendations on tax increases to reduce prevalence and consumption through price increases. Demand for cigarettes in El Salvador was analyzed through an econometric time-series model using a database from El Salvador's General Directorate of Internal Taxes (DGII) and the General Directorate of Statistics and Census (DIGESTYC). The analysis period was quarterly: 2000Q1-2012Q4. The usual tests were done to prevent a spurious econometric estimation. It was found that the variables volume sales, actual sale prices, and actual per capita income exhibited first-order cointegration; this result makes it possible to use an error correction model with short- and long-term elasticity estimates. Only long-term elasticities were found to be statistically significant to 5%. Results show long-term price elasticity (5 quarters) of -0.9287 and income price elasticity of 0.9978. Absolute price elasticity is somewhat high, although it is within the levels estimated in other studies in low per-capita income countries. A tax increase from a base amount of US$1.04 per pack of 20 cigarettes to US$1.66 within three years would reduce demand by 20% to 31% and would increase tax revenues by 9% to 22%.

Market for ethanol feed joint products

DOE Office of Scientific and Technical Information (OSTI.GOV)

Hertzmark, D.; Gould, B.

1979-10-01

This report presents results of econometric estimations and mathematical simulations of markets for joint feed products of motor ethanol. The major issues considered are the nature of current market price relationships, effects on prices, including feed substitutes prices, and effects of demands for increased use of distillers' grains and gluten meal. The econometric section shows that soybean meal was by far the dominant force in the pricing of the two products. However, neither one could be adequately explained without the inclusion of corn in the estimating equations. Later research shows that this was due to the importance of both feedsmore » for metabolizable energy as well as for protein in livestock diets. Current ration formulations would require some discounting of the value of the protein content of the two feeds. Careful siting of the ethanol facilities, and flexible design of the plants so that a maximum number of products may be extracted from the feedstock, seem necessary. Finally, the analysis indicates that substitution in animal diets of these joint products for the corn or milo used originally requires that additional energy be supplied to the animal by some type of forage crop. This implies that additional land may be required for energy production, for such marginal crops as hay and alfalfa, rather than for row crops.« less

The ontology of science teaching in the neoliberal era

NASA Astrophysics Data System (ADS)

Sharma, Ajay

2017-12-01

Because of ever stricter standards of accountability, science teachers are under an increasing and unrelenting pressure to demonstrate the effects of their teaching on student learning. Econometric perspectives of teacher quality have become normative in assessment of teachers' work for accountability purposes. These perspectives seek to normalize some key ontological assumptions about teachers and teaching, and thus play an important role in shaping our understanding of the work science teachers do as teachers in their classrooms. In this conceptual paper I examine the ontology of science teaching as embedded in econometric perspectives of teacher quality. Based on Foucault's articulation of neoliberalism as a discourse of governmentality in his `The Birth of Biopolitics' lectures, I suggest that this ontology corresponds well with the strong and substantivist ontology of work under neoliberalism, and thus could potentially be seen as reflection of the influence of neoliberal ideas in education. Implications of the mainstreaming of an ontology of teaching that is compatible with neoliberalism can be seen in increasing marketization of teaching, `teaching evangelism', and impoverished notions of learning and teaching. A shift of focus from teacher quality to quality of teaching and building conceptual models of teaching based on relational ontologies deserve to be explored as important steps in preserving critical and socially just conceptions of science teaching in neoliberal times.

Existing agricultural ecosystem in China leads to environmental pollution: an econometric approach.

PubMed

Hongdou, Lei; Shiping, Li; Hao, Li

2018-06-17

Sustainable agriculture ensures food security and prevents starvation. However, the need to meet the increasing food demands of the growing population has led to poor and unsustainable agricultural practices, which promote environmental degradation. Given the contributions of agricultural ecosystems to environmental pollution, we investigated the impact of the agricultural ecosystem on environmental pollution in China using time series data from 1960 to 2014. We employed several methods for econometric analysis including the unit root test, Johansen test of cointegration, Granger causality test, and vector error correction model. Evidence based on the long-run elasticity indicates that a 1% increase in the emissions of carbon dioxide (CO 2 ) equivalent to nitrous oxide from synthetic fertilizers will increase the emissions of CO 2 by 1.52% in the long run. Similarly, a 1% increase in the area of harvested rice paddy, cereal production, biomass of burned crop residues, and agricultural GDP will increase the carbon dioxide emissions by 0.85, 0.63, 0.37, and 0.22%, respectively. The estimated results indicate that there are long-term equilibrium relationships among the selected variables considered for the agricultural ecosystem and carbon dioxide emissions. In particular, we identified bidirectional causal associations between CO 2 emissions, biomass of burned crop residues, and cereal production. Graphical abstract ᅟ.

Refining cost-effectiveness analyses using the net benefit approach and econometric methods: an example from a trial of anti-depressant treatment.

PubMed

Sabes-Figuera, Ramon; McCrone, Paul; Kendricks, Antony

2013-04-01

Economic evaluation analyses can be enhanced by employing regression methods, allowing for the identification of important sub-groups and to adjust for imperfect randomisation in clinical trials or to analyse non-randomised data. To explore the benefits of combining regression techniques and the standard Bayesian approach to refine cost-effectiveness analyses using data from randomised clinical trials. Data from a randomised trial of anti-depressant treatment were analysed and a regression model was used to explore the factors that have an impact on the net benefit (NB) statistic with the aim of using these findings to adjust the cost-effectiveness acceptability curves. Exploratory sub-samples' analyses were carried out to explore possible differences in cost-effectiveness. Results The analysis found that having suffered a previous similar depression is strongly correlated with a lower NB, independent of the outcome measure or follow-up point. In patients with previous similar depression, adding an selective serotonin reuptake inhibitors (SSRI) to supportive care for mild-to-moderate depression is probably cost-effective at the level used by the English National Institute for Health and Clinical Excellence to make recommendations. This analysis highlights the need for incorporation of econometric methods into cost-effectiveness analyses using the NB approach.

Economic Drought Impact on Agriculture: analysis of all agricultural sectors affected

NASA Astrophysics Data System (ADS)

Gil, M.; Garrido, A.; Hernández-Mora, N.

2012-04-01

The analysis of drought impacts is essential to define efficient and sustainable management and mitigation. In this paper we present a detailed analysis of the impacts of the 2004-2008 drought in the agricultural sector in the Ebro river basin (Spain). An econometric model is applied in order to determine the magnitude of the economic loss attributable to water scarcity. Both the direct impacts of drought on agricultural productivity and the indirect impacts of drought on agricultural employment and agroindustry in the Ebro basin are evaluated. The econometric model measures losses in the economic value of irrigated and rainfed agricultural production, of agricultural employment and of Gross Value Added both from the agricultural sector and the agro-industrial sector. The explanatory variables include an index of water availability (reservoir storage levels for irrigated agriculture and accumulated rainfall for rainfed agriculture), a price index representative of the mix of crops grown in each region, and a time variable. The model allows for differentiating the impacts due to water scarcity from other sources of economic losses. Results show how the impacts diminish as we approach the macro-economic indicators from those directly dependent on water abstractions and precipitation. Sectors directly dependent on water are the most affected with identifiable economic losses resulting from the lack of water. From the management perspective implications of these findings are key to develop mitigation measures to reduce drought risk exposure. These results suggest that more open agricultural markets, and wider and more flexible procurement strategies of the agro-industry reduces the socio-economic exposure to drought cycles. This paper presents the results of research conducted under PREEMPT project (Policy relevant assessment of the socioeconomic effects of droughts and floods, ECHO - grant agreement # 070401/2010/579119/SUB/C4), which constitutes an effort to provide a comprehensive assessment of the socioeconomic impacts of the 2004-2008 drought in the Ebro river basin

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

PubMed

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

2013-10-15

Arable land in China has been decreasing as a result of rapid population growth and economic development as well as urban expansion, especially in developed regions around cities where quality farmland quickly disappears. This paper analyzed changes in arable land utilization during 1993-2008 in the Pinggu district, Beijing, China, developed a multinomial logit (MNL) model to determine spatial driving factors influencing arable land-use change, and simulated arable land transition probabilities. Land-use maps, as well as social-economic and geographical data were used in the study. The results indicated that arable land decreased significantly between 1993 and 2008. Lost arable land shifted into orchard, forestland, settlement, and transportation land. Significant differences existed for arable land transitions among different landform areas. Slope, elevation, population density, urbanization rate, distance to settlements, and distance to roadways were strong drivers influencing arable land transition to other uses. The MNL model was proved effective for predicting transition probabilities in land use from arable land to other land-use types, thus can be used for scenario analysis to develop land-use policies and land-management measures in this metropolitan area. Copyright © 2013 Elsevier Ltd. All rights reserved.

Allocation of Federal Airport and Airway Costs for FY 1985.

DTIC Science & Technology

1986-12-01

100 GLOSSARY OF FAA TERMS...................107 APPENDIX A RAMSEY PRICING..................1 ’I"P LIST OF TABLES AND FIGURES Title...Methodology .. ....... 26 Figure 2.3.1 Estimation and Allocation of operating Site Costs................28 Table 2.3.2.1 Econometric Results for FAA...Based on Ramsey Pricing ............. 39 Table 2.3.5.1 Allocation of TRACON O&M Costs Based on Ramsey Pricing. ............ 41 Table 2.3.6.1

2002 IDA Cost Research Symposium: Estimating the Costs of Transforming U.S. Military Forces

DTIC Science & Technology

2002-08-01

FY00 billing rates for the following contractors and locations: Lockheed- Martin (Fort Worth, Palmdale, and Marietta ), Boeing (Puget Sound, Southern...2001 “Econometric Modeling of Acquisition Category I Systems at the Lockheed- Martin Plant in Marietta , Georgia,” IDA Paper P-3590, July 2001...Improvement Group (CAIG) in the Office of the Secretary of Defense (OSD) provides independent cost estimates and reports on life-cycle costs of major

Forest management and economics

DOE Office of Scientific and Technical Information (OSTI.GOV)

Buongiorno, J.; Gilless, J.K.

1987-01-01

This volume provides a survey of quantitative methods, guiding the reader through formulation and analysis of models that address forest management problems. The authors use simple mathematics, graphics, and short computer programs to explain each method. Emphasizing applications, they discuss linear, integer, dynamic, and goal programming; simulation; network modeling; and econometrics, as these relate to problems of determining economic harvest schedules in even-aged and uneven-aged forests, the evaluation of forest policies, multiple-objective decision making, and more.

An Econometric Analysis of the Effectiveness of Compensation to Retention

DTIC Science & Technology

2009-03-01

increased significantly in recent years. A 2005 study estimated that 72 percent of enlisted members had one or more years of college education...DoD only uses basic pay in calculating the retirement annuity. The Office of the Actuary found that while a 20-year retiree may be entitled to 50...percent of RMC ( Actuary , 2007:10). The current retirement system available to eligible uniformed personnel is a defined benefit plan. Employee

Recruiters, Advertising, and Navy Enlistments,

DTIC Science & Technology

1979-10-01

product markets have concluded that advertising increases demand in current and future periods, but its effects decline over time (see reference 2). A study...Apr 1979 2. Clarke, D.G., "Econometric Measurement of the Duration of Advertising Effect on Sales," Journal of Marketing Research, Nov 1976, pp. 345...7AD-AOA6201 CENTER FOR NAVAL ANALYSES ALEXANDRIA VA INST OF NAVAL--ETC F/6 5/9 I RECRUITERS, ADVERTISING , AND NAVY ENLISTMENTS. (U) IOCT 79 L

United States Military Retirement Migration: Patterns and Processes.

DTIC Science & Technology

1984-03-27

active duty force e) Number of heating degree days tA 23 f) Number of physicians per 1000 population g) Recreation acres per 1000 population h...Eva Mueller. 1967. The Geographic Mobility of Labor. Ann Arbor : University of Michigan. Institute for Social Research, Survey Research Center. Law, C.M... Chicken or Egg?. Southern Economic Journal. 37:295-306. Muth, J.F. 1961. Rational Expectations and the Theory of Price Movements. Econometrics. 29:315

Application of an Entropic Approach to Assessing Systems Integration

DTIC Science & Technology

2012-03-01

two econometrical measures of information efficiency – Shannon entropy and Hurst exponent . Shannon entropy (which is explained in Chapter III) can be...applied to evaluate long-term correlation of time series, while Hurst exponent can be applied to classify the time series in accordance to existence...of trend. Hurst exponent is the statistical measure of time series long-range dependence, and its value falls in the interval [0, 1] – a value in

U.S. COIN Doctrine: Betting the Future on a Too Distant Past

DTIC Science & Technology

2012-05-17

authority. This conceptualization also draws on the Maoist model of insurgency reflecting the influence that 20th Century events have on current...doctrine. The model for legitimate government is a representative government, which Galula points out, is responsive to the needs of its people. JP 1-02... econometrics approach to address the COIN problem. Systems analysis implied that there were two competing systems, insurgency and COIN, with the

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

ERIC Educational Resources Information Center

General Accounting Office, Washington, DC.

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

Understrength Air Force Officer Career Fields. A Force Management Approach

DTIC Science & Technology

2005-01-01

LtCol John Crown (DPSA). In addition, we had very helpful interviews with Mr. Vaughan Blackstone (DPAPP) and Mr. Dennis Miller (DPPAO). Also at...econometric impact analysis that was used to determine an optimal bonus amount or target population prior to bonus implementation.15 The success of...problems in managing personnel assignments. First, there is a high " tax " for special-duty jobs that requires them to place personnel officers into

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

DeGiorgi, Giacomo; Pellizzari, Michele; Redaelli, Silvia

2009-01-01

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…

Executive Summary: The SRI-WEFA Soviet Econometric Model: Phase One Documentation

DTIC Science & Technology

1975-03-01

DEPARTMENT OF COMMERCE JHiiriuTn.. O 0 n-^ ^ isnmnii/ivuuwun MB * < Report Categories: The research outn ,t by the Strategic Studies Center is...research as well as the general method- ology employed. The reports are previewed and approved by the Director of the Strategic Studies Center or higher...than rormally edited, printed, and bound in standard SRI covers. The reports are reviewed and approved by the Director of the Strategic Studies

Cointegration as a data normalization tool for structural health monitoring applications

NASA Astrophysics Data System (ADS)

Harvey, Dustin Y.; Todd, Michael D.

2012-04-01

The structural health monitoring literature has shown an abundance of features sensitive to various types of damage in laboratory tests. However, robust feature extraction in the presence of varying operational and environmental conditions has proven to be one of the largest obstacles in the development of practical structural health monitoring systems. Cointegration, a technique adapted from the field of econometrics, has recently been introduced to the SHM field as one solution to the data normalization problem. Response measurements and feature histories often show long-run nonstationarity due to fluctuating temperature, load conditions, or other factors that leads to the occurrence of false positives. Cointegration theory allows nonstationary trends common to two or more time series to be modeled and subsequently removed. Thus, the residual retains sensitivity to damage with dependence on operational and environmental variability removed. This study further explores the use of cointegration as a data normalization tool for structural health monitoring applications.

Availability of new drugs and Americans' ability to work.

PubMed

Lichtenberg, Frank R

2005-04-01

The objective of this work was the investigation of the extent to which the introduction of new drugs has increased society's ability to produce goods and services by increasing the number of hours worked per member of the working-age population. Econometric models of ability-to-work measures from data on approximately 200,000 individuals with 47 major chronic conditions observed throughout a 15-year period (1982-1996) were estimated. Under very conservative assumptions, the estimates indicate that the value of the increase in ability to work attributable to new drugs is 2.5 times as great as expenditure on new drugs. The potential of drugs to increase employee productivity should be considered in the design of drug-reimbursement policies. Conversely, policies that broadly reduce the development and utilization of new drugs may ultimately reduce our ability to produce other goods and services.

Factors associated with automobile accidents and survival.

PubMed

Kim, Hong Sok; Kim, Hyung Jin; Son, Bongsoo

2006-09-01

This paper develops an econometric model for vehicles' inherent mortality rate and estimates the probability of accidents and survival in the United States. Logistic regression model is used to estimate probability of survival, and censored regression model is used to estimate probability of accidents. The estimation results indicated that the probability of accident and survival are influenced by the physical characteristics of the vehicles involved in the accident, and by the characteristics of the driver and the occupants. Using restrain system and riding in heavy vehicle increased the survival rate. Middle-aged drivers are less susceptible to involve in an accident, and surprisingly, female drivers are more likely to have an accident than male drivers. Riding in powerful vehicles (high horsepower) and driving late night increase the probability of accident. Overall, the driving behavior and characteristics of vehicle does matter and affects the probabilities of having a fatal accident for different types of vehicles.

The impact of economic, political and social globalization on overweight and obesity in the 56 low and middle income countries.

PubMed

Goryakin, Yevgeniy; Lobstein, Tim; James, W Philip T; Suhrcke, Marc

2015-05-01

Anecdotal and descriptive evidence has led to the claim that globalization plays a major role in inducing overweight and obesity in developing countries, but robust quantitative evidence is scarce. We undertook extensive econometric analyses of several datasets, using a series of new proxies for different dimensions of globalization potentially affecting overweight in up to 887,000 women aged 15-49 living in 56 countries between 1991 and 2009. After controlling for relevant individual and country level factors, globalization as a whole is substantially and significantly associated with an increase in the individual propensity to be overweight among women. Surprisingly, political and social globalization dominate the influence of the economic dimension. Hence, more consideration needs to be given to the forms of governance required to shape a more health-oriented globalization process. Copyright © 2015 The Authors. Published by Elsevier Ltd.. All rights reserved.

Using directed information for influence discovery in interconnected dynamical systems

NASA Astrophysics Data System (ADS)

Rao, Arvind; Hero, Alfred O.; States, David J.; Engel, James Douglas

2008-08-01

Structure discovery in non-linear dynamical systems is an important and challenging problem that arises in various applications such as computational neuroscience, econometrics, and biological network discovery. Each of these systems have multiple interacting variables and the key problem is the inference of the underlying structure of the systems (which variables are connected to which others) based on the output observations (such as multiple time trajectories of the variables). Since such applications demand the inference of directed relationships among variables in these non-linear systems, current methods that have a linear assumption on structure or yield undirected variable dependencies are insufficient. Hence, in this work, we present a methodology for structure discovery using an information-theoretic metric called directed time information (DTI). Using both synthetic dynamical systems as well as true biological datasets (kidney development and T-cell data), we demonstrate the utility of DTI in such problems.

The impact of economic, political and social globalization on overweight and obesity in the 56 low and middle income countries

PubMed Central

Goryakin, Yevgeniy; Lobstein, Tim; James, W. Philip T.; Suhrcke, Marc

2015-01-01

Anecdotal and descriptive evidence has led to the claim that globalization plays a major role in inducing overweight and obesity in developing countries, but robust quantitative evidence is scarce. We undertook extensive econometric analyses of several datasets, using a series of new proxies for different dimensions of globalization potentially affecting overweight in up to 887,000 women aged 15–49 living in 56 countries between 1991 and 2009. After controlling for relevant individual and country level factors, globalization as a whole is substantially and significantly associated with an increase in the individual propensity to be overweight among women. Surprisingly, political and social globalization dominate the influence of the economic dimension. Hence, more consideration needs to be given to the forms of governance required to shape a more health-oriented globalization process. PMID:25841097

Climate change and soil salinity: The case of coastal Bangladesh.

PubMed

Dasgupta, Susmita; Hossain, Md Moqbul; Huq, Mainul; Wheeler, David

2015-12-01

This paper estimates location-specific soil salinity in coastal Bangladesh for 2050. The analysis was conducted in two stages: First, changes in soil salinity for the period 2001-2009 were assessed using information recorded at 41 soil monitoring stations by the Soil Research Development Institute. Using these data, a spatial econometric model was estimated linking soil salinity with the salinity of nearby rivers, land elevation, temperature, and rainfall. Second, future soil salinity for 69 coastal sub-districts was projected from climate-induced changes in river salinity and projections of rainfall and temperature based on time trends for 20 Bangladesh Meteorological Department weather stations in the coastal region. The findings indicate that climate change poses a major soil salinization risk in coastal Bangladesh. Across 41 monitoring stations, the annual median projected change in soil salinity is 39 % by 2050. Above the median, 25 % of all stations have projected changes of 51 % or higher.

Facility-level outcome performance measures for nursing homes.

PubMed

Porell, F; Caro, F G

1998-12-01

Risk-adjusted nursing home performance scores were developed for four health outcomes and five quality indicators from resident-level longitudinal case-mix reimbursement data for Medicaid residents of more than 500 nursing homes in Massachusetts. Facility performance was measured by comparing actual resident outcomes with expected outcomes derived from quarterly predictions of resident-level econometric models over a 3-year period (1991-1994). Performance measures were tightly distributed among facilities in the state. The intercorrelations among the nine outcome performance measures were relatively low and not uniformly positive. Performance measures were not highly associated with various structural facility attributes. For most outcomes, longitudinal analyses revealed only modest correlations between a facility's performance score from one time period to the next. Relatively few facilities exhibited consistent superior or inferior performance over time. The findings have implications toward the practical use of facility outcome performance measures for quality assurance and reimbursement purposes in the near future.

Does finance affect environmental degradation: evidence from One Belt and One Road Initiative region?

PubMed

Hafeez, Muhammad; Chunhui, Yuan; Strohmaier, David; Ahmed, Manzoor; Jie, Liu

2018-04-01

This paper explores the effects of finance on environmental degradation and investigates environmental Kuznets curve (EKC) of each country among 52 that participate in the One Belt and One Road Initiative (OBORI) using the latest long panel data span (1980-2016). We utilized panel long run econometric models (fully modified ordinary least square and dynamic ordinary least square) to explore the long-run estimates in full panel and country level. Moreover, the Dumitrescu and Hurlin (2012) causality test is applied to examine the short-run causalities among our considered variables. The empirical findings validate the EKC hypothesis; the long-run estimates point out that finance significantly enhances the environmental degradation (negatively in few cases). The short-run heterogeneous causality confirms the bi-directional causality between finance and environmental degradation. The empirical outcomes suggest that policymakers should consider the environmental degradation issue caused by financial development in the One Belt and One Road region.

Consumer Choice of E85 Denatured Ethanol Fuel Blend: Price Sensitivity and Cost of Limited Fuel Availability

DOE PAGES

Liu, Changzheng; Greene, David

2014-12-01

The promotion of greater use of E85, a fuel blend of 85% denatured ethanol, by flex-fuel vehicle owners is an important means of complying with the Renewable Fuel Standard 2. A good understanding of factors affecting E85 demand is necessary for effective policies that promote E85 and for developing models that forecast E85 sales in the United States. In this paper, the sensitivity of aggregate E85 demand to E85 and gasoline prices is estimated, as is the relative availability of E85 versus gasoline. The econometric analysis uses recent data from Minnesota, North Dakota, and Iowa. The more recent data allowmore » a better estimate of nonfleet demand and indicate that the market price elasticity of E85 choice is substantially higher than previously estimated.« less

Robust Bounded Influence Tests in Linear Models

DTIC Science & Technology

1988-11-01

sensitivity analysis and bounded influence estimation. In: Evaluation of Econometric Models, J. Kmenta and J.B. Ramsey (eds.) Academic Press, New York...1R’OBUST bOUNDED INFLUENCE TESTS IN LINEA’ MODELS and( I’homas P. [lettmansperger* Tim [PennsylvanLa State UJniversity A M i0d fix pu111 rsos.p JJ 1 0...November 1988 ROBUST BOUNDED INFLUENCE TESTS IN LINEAR MODELS Marianthi Markatou The University of Iowa and Thomas P. Hettmansperger* The Pennsylvania

Airport and Airway Costs: Allocation and Recovery in the 1980’s.

DTIC Science & Technology

1987-02-01

1997 [8]. 3*X S.% Volume 4, FAA Cost Recovery Options [9). Volume 5, Econometric Cost Functions for FAA Cost Allocation Model [10]. Volume 6, Users...and relative price elasticities ( Ramsey pricing technique). User fees based on the Ramsey pricing tend to be less burdensome on users and minimize...full discussion of the Ramsey pricing techniques is provided in Allocation of Federal Airport and Airway Costs for FY 1985 [6]. -12- In step 5

Regression Models of Quarterly Overhead Costs for Six Government Aerospace Contractors.

DTIC Science & Technology

1986-03-01

34 Testing ,, for Serial Correlation After Least Squares %Regression, Econometrica, Vol. 36, No. 1, pp. 133-150, January 1968. Intrili8ator M.D., Econometric ...to be superior. These two estimators are both two-stage estimators that are calculated utilizing Wallis’s test statistic for fourth-order...utilizing Wallis’s test statistic for fourth-order autocorrelation. NTIS C F’,& D tI1C T - .1 I -. . . ..- rJ ,. *p J • - DA 3

Estimating the Standard Error of Robust Regression Estimates.

DTIC Science & Technology

1987-03-01

error is 0(n4/5). In another Monte Carlo study, McKean and Schrader (1984) found that the tests resulting from studentizing ; by _3d/1/2 with d =0(n4 /5...44 4 -:~~-~*v: -. *;~ ~ ~*t .~ # ~ 44 % * ~ .%j % % % * . ., ~ -%. -14- Sheather, S. J. and McKean, J. W. (1987). A comparison of testing and...Wiley, New York. Welsch, R. E. (1980). Regression Sensitivity Analysis and Bounded- Influence Estimation, in Evaluation of Econometric Models eds. J

Analysis of the Impact of ’People Programs’ Upon Retention of Enlisted Personnel in the Air Force. Appendices K, L, N.

DTIC Science & Technology

1982-06-09

32 V. An Econometric Model of Retention 71 Bibliography 166 Appendix A Appendix B Volume II Appendix C Appendix D Appendix E Volume III Appendix F...RETENTION OF ENLISTED PE.(U R O0URC RE SE ARCH CORP NH L LEG E ST AIT ION TO 09 jN 82 F4698 _H 8 -0063 NCASFEEEFhEE 5/9 hE EhsohEohmhhhhEE

Who's Minding the Neighborhood? The Role of Adult Capacity in Keeping Young People on a Path to Graduation. Research Brief

ERIC Educational Resources Information Center

Center for Promise, 2016

2016-01-01

This brief is based on an econometric study conducted in 2016 by Thomas Malone and Dr. Jonathan Zaff. The nation's high school graduation rate has been rising over the past decade and is now at a historic high. As of 2014, however, four percent of all 16- to 19-year-olds in the United States--a total of 690,000 young people--had left high school…

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

DTIC Science & Technology

1974-10-01

FIRST-TERM VOLUNTEER ENLISTMENTS WITH RESPECT TO UNEMPLOY - MENT RATES AND RECRUITING STRENGTH 3 Introduction 3 Findings of Previous Studies 4...variation in the dependent variable (volunteers per QMA) is not explained by the variation in the independent variables (relative wages, unemploy ...variable and one equation with an unemploy - ment variable. He found that the pay elasticity decreased from 1.77 to 1.01 with the addition of the

The Precision of Category Versus Continuous Economic Data: Evidence from the Longitudinal Research on Officer Careers Survey

DTIC Science & Technology

1992-08-01

Hill, D. H. (1985). An investigation of the extent and consequences of measurement error in labor-economic survey data. Journal of Labor Economics , 4...from the Seattle-Denver experiment. Journal of Labor Economics , 4, 380- 407. Griliches, G. & Intriligator, M. (Eds.). (1986). Handbook of econometrics...W., & Sider, H. (1983). Accuracy of response in labor market surveys: Evidence and implication. Journal of Labor Economics , A, 331-344. 13 APPENDIX A

The Evolving Urban Community and Military Installations: A Dynamic Spatial Decision Support System for Sustainable Military Communities

DTIC Science & Technology

2007-01-01

focus on identifying growth by income and housing costs. These, and other models are focused on the city itself and deal with growth over the course...2. This model employs a set of econometric models to project future population, household, and employment. The landscape is gridded into one... model in LEAM (LEAMecon) forecasts changes in output, employment and income over time based on changes in the market, technology, productivity and

LEAMram (Trademark): Land Use Evolution and Impact Assessment Model Residential Attractiveness Model

DTIC Science & Technology

2006-09-01

MEPLAN are popular in both the United States and overseas, and focus on identifying growth by income and housing costs. These and other models focus...CUF-2), SLEUTH, Landuse Evolution Assessment Model (LEAM™), Smart Places, and What If?: • CUF-2 uses a set of econometric models to project...ER D C/ CE R L TR -0 6 -2 8 LEAMram™: Land use Evolution and impact Assessment Model Residential Attractiveness Model James D

Forecasting space weather: Can new econometric methods improve accuracy?

NASA Astrophysics Data System (ADS)

Reikard, Gordon

2011-06-01

Space weather forecasts are currently used in areas ranging from navigation and communication to electric power system operations. The relevant forecast horizons can range from as little as 24 h to several days. This paper analyzes the predictability of two major space weather measures using new time series methods, many of them derived from econometrics. The data sets are the A p geomagnetic index and the solar radio flux at 10.7 cm. The methods tested include nonlinear regressions, neural networks, frequency domain algorithms, GARCH models (which utilize the residual variance), state transition models, and models that combine elements of several techniques. While combined models are complex, they can be programmed using modern statistical software. The data frequency is daily, and forecasting experiments are run over horizons ranging from 1 to 7 days. Two major conclusions stand out. First, the frequency domain method forecasts the A p index more accurately than any time domain model, including both regressions and neural networks. This finding is very robust, and holds for all forecast horizons. Combining the frequency domain method with other techniques yields a further small improvement in accuracy. Second, the neural network forecasts the solar flux more accurately than any other method, although at short horizons (2 days or less) the regression and net yield similar results. The neural net does best when it includes measures of the long-term component in the data.

Willingness to pay for ovulation induction treatment in case of WHO II anovulation: a study using the contingent valuation method.

PubMed

Poder, Thomas G; He, Jie; Simard, Catherine; Pasquier, Jean-Charles

2014-01-01

To measure the willingness to pay (WTP) of women aged 18-45 years to receive drug treatment for ovulation induction (ie, the social value of normal cycles of ovulation for a woman of childbearing age) in order to feed the debate about the funding of fertility cares. An anonymous questionnaire was used over the general population of Quebec. A total of 136 subjects were recruited in three medical clinics, and 191 subjects through an online questionnaire. THE QUESTIONNAIRE CONSISTED OF THREE PARTS: introduction to the problematic, socioeconomic data collection to determine factors influencing the formation of WTP, and a WTP question using the simple bid price dichotomous choice elicitation technique. The econometric estimation method is based on the "random utility theory." Each subject responding to our questionnaire could express her uncertainty about the answer to our WTP question by choosing the answer "I do not know." The WTP in Canadian dollars of women aged 18-45 years to receive drug treatment for ovulation induction. Results are positive and indicate an average WTP exceeding 4,800 CAD, which is much more than the drug treatment cost. There is no evidence of sample frame bias or avidity bias across the two survey modes that cannot be controlled in econometric estimates. Medical treatment for ovulation induction is highly socially desirable in Quebec.

Handling preference heterogeneity for river services' adaptation to climate change.

PubMed

Andreopoulos, Dimitrios; Damigos, Dimitrios; Comiti, Francesco; Fischer, Christian

2015-09-01

Climate projection models for the Southern Mediterranean basin indicate a strong drought trend. This pattern is anticipated to affect a range of services derived from river ecosystems and consecutively deteriorate the sectoral outputs and household welfare. This paper aims to evaluate local residents' adaptation preferences for the Piave River basin in Italy. A Discrete Choice Experiment accounting for adaptation scenarios of the Piave River services was conducted and the collected data were econometrically analyzed using Random Parameters Logit, Latent Class and Covariance Heterogeneity models. In terms of policy-relevant outcomes, the analysis indicates that respondents are willing to pay for adaptation plans. This attitude is reflected on the compensating surplus to sustain the current state of the Piave, which corresponds to a monthly contribution of 80€ per household. From an econometric point of view, the results show that it is not sufficient to take solely into account general heterogeneity, provided that distinct treatment of the heterogeneity produces rather different welfare estimates. This implies that analysts should examine a set of criteria when deciding on how to better approach heterogeneity for each empirical data set. Overall, non-market values of environmental services should be considered when formulating cost-effective adaptation measures for river systems undergoing climate change effects and appropriate heterogeneity approximation could render these values unbiased and accurate. Copyright © 2015 Elsevier Ltd. All rights reserved.

Application of Coupled Human-Natural Systems Model for Assessing Trade-Offs Between Watershed Ecosystem Services in Veracruz, Mexico

NASA Astrophysics Data System (ADS)

Mayer, A. S.; Jones, K.; Berry, Z. C.; Congalton, R.; Kolka, R. K.; López-Ramírez, S.; Manson, R.; Muñoz Villers, L.; Saenz, L.; Salcone, J.; Von Thaden Ugalde, J.; Asbjornsen, H.

2016-12-01

Trade-offs between ecosystem services (ES) occur due to management choices that impact the type, magnitude, and relative mix of services provided by ecosystems. Trade-offs arise when the provision of one ES is reduced as a consequence of increased use of another ES. Here, we assess ES tradeoffs with a coupled human-natural systems (CHNS) model, in response to payments for watershed services (PWS) programs in two watersheds in Veracruz, Mexico. An econometric component of the CHNS model is used to determine the effect of the PWS programs on a given land use-land cover (LULC). Eight LULC categories, corresponding to 95% of the watershed area, are used to force LULC feedbacks within the CHNS model. The LULC can transition from the present category to another, given the outcome of landowner participation in the PWS programs. Biophysical sub-models of watershed discharge and water quality, carbon storage, and biodiversity conservation are used to estimate values of ES indicators at the watershed scale. These biophysical models are derived from qualitative and quantitative observations in the study watersheds. Using these models, we gain first-approximation insights into ES tradeoffs and the sensitivity of estimated tradeoffs to model structure—serving as a critical platform for informing hypotheses about PWS program design and ES tradeoffs. With a CHNS model in place, and data collected collected from our field experiments, we explore first, baseline implications for ES of existing PWS programs in Xalapa, Veracruz; and second, we develop scenarios of potential PWS program pathways, with or without climate change projection forcings in order to improve our understanding of changes in ES distribution, magnitude and biophysical tradeoffs. Finally, the econometric component is parameterized with economic variables and indicators identified with local stakeholders in order to asses economic implications of ES tradeoffs. Outputs from the model provide important information to the local and national agencies involved in PWS program design in the study watersheds. This first tier model will be used to inform development of a more integrated process-based model using primary watershed socioeconomic and ecohydrological data, as well as household level data on participation in the PWS programs and spillover effects of PWS.

Quantifying socio-economic indicators in developing countries from mobile phone communication data: applications to Côte d’Ivoire

DOE Office of Scientific and Technical Information (OSTI.GOV)

Mao, Huina; Shuai, Xin; Ahn, Yong -Yeol

The widespread adoption of mobile devices that record the communications, social relations, and movements of billions of individuals in great detail presents unique opportunities for the study of social structures and human dynamics at very large scales. This is particularly the case for developing countries where social and economic data can be hard to obtain and is often too sparse for real-time analytics. In this paper, we leverage mobile call log data from Côte d’Ivoire to analyze the relations between its nation-wide communications network and the socio-economic dynamics of its regional economies. We introduce the CallRank indicator to quantify themore » relative importance of an area on the basis of call records, and show that a region’s ratio of in- and out-going calls can predict its income level. We detect a communication divide between rich and poor regions of Côte d’Ivoire, which corresponds to existing socio-economic data. Our results demonstrate the potential of mobile communication data to monitor the economic development and social dynamics of low-income developing countries in the absence of extensive econometric and social data. Finally, our work may support efforts to stimulate sustainable economic development and to reduce poverty and inequality.« less

Quantifying socio-economic indicators in developing countries from mobile phone communication data: applications to Côte d’Ivoire

DOE PAGES

Mao, Huina; Shuai, Xin; Ahn, Yong -Yeol; ...

2015-10-13

The widespread adoption of mobile devices that record the communications, social relations, and movements of billions of individuals in great detail presents unique opportunities for the study of social structures and human dynamics at very large scales. This is particularly the case for developing countries where social and economic data can be hard to obtain and is often too sparse for real-time analytics. In this paper, we leverage mobile call log data from Côte d’Ivoire to analyze the relations between its nation-wide communications network and the socio-economic dynamics of its regional economies. We introduce the CallRank indicator to quantify themore » relative importance of an area on the basis of call records, and show that a region’s ratio of in- and out-going calls can predict its income level. We detect a communication divide between rich and poor regions of Côte d’Ivoire, which corresponds to existing socio-economic data. Our results demonstrate the potential of mobile communication data to monitor the economic development and social dynamics of low-income developing countries in the absence of extensive econometric and social data. Finally, our work may support efforts to stimulate sustainable economic development and to reduce poverty and inequality.« less

Software Design Challenges in Time Series Prediction Systems Using Parallel Implementation of Artificial Neural Networks.

PubMed

Manikandan, Narayanan; Subha, Srinivasan

2016-01-01

Software development life cycle has been characterized by destructive disconnects between activities like planning, analysis, design, and programming. Particularly software developed with prediction based results is always a big challenge for designers. Time series data forecasting like currency exchange, stock prices, and weather report are some of the areas where an extensive research is going on for the last three decades. In the initial days, the problems with financial analysis and prediction were solved by statistical models and methods. For the last two decades, a large number of Artificial Neural Networks based learning models have been proposed to solve the problems of financial data and get accurate results in prediction of the future trends and prices. This paper addressed some architectural design related issues for performance improvement through vectorising the strengths of multivariate econometric time series models and Artificial Neural Networks. It provides an adaptive approach for predicting exchange rates and it can be called hybrid methodology for predicting exchange rates. This framework is tested for finding the accuracy and performance of parallel algorithms used.

Software Design Challenges in Time Series Prediction Systems Using Parallel Implementation of Artificial Neural Networks

PubMed Central

Manikandan, Narayanan; Subha, Srinivasan

2016-01-01

Software development life cycle has been characterized by destructive disconnects between activities like planning, analysis, design, and programming. Particularly software developed with prediction based results is always a big challenge for designers. Time series data forecasting like currency exchange, stock prices, and weather report are some of the areas where an extensive research is going on for the last three decades. In the initial days, the problems with financial analysis and prediction were solved by statistical models and methods. For the last two decades, a large number of Artificial Neural Networks based learning models have been proposed to solve the problems of financial data and get accurate results in prediction of the future trends and prices. This paper addressed some architectural design related issues for performance improvement through vectorising the strengths of multivariate econometric time series models and Artificial Neural Networks. It provides an adaptive approach for predicting exchange rates and it can be called hybrid methodology for predicting exchange rates. This framework is tested for finding the accuracy and performance of parallel algorithms used. PMID:26881271

Impacts of The Future Changes in Extreme Events on Migration in The Middle East

NASA Astrophysics Data System (ADS)

An, Nazan; Turp, M. Tufan; Ozturk, Tugba; Kurnaz, M. Levent

2016-04-01

Natural hazards are defined as extreme events that threat people, their homes and their neighborhoods. They damage housing, food production system and other infrastructures. The frequency of natural hazards namely drought, floods can influence the residential decision-making and can cause substantial residential mobility by affecting relatively greater numbers of people in the region. Developing countries are more vulnerable to the impacts of natural hazards. Therefore, environmental migration can be associated with natural hazards especially in the developing countries. Limited water resources and demographic dynamics of the Middle East make the region one of the most affected domains from the impacts of natural hazards. In this study, we consider the relationship between migration as a demographic process and the frequency of natural hazards in the Middle East for the period of 2020 - 2045 with respect to 1980 - 2005 by performing the projection according to the scenario of IPCC, namely RCP8.5 through the RegCM4.4 and combining them with an econometric analysis. This research has been supported by Boǧaziçi University Research Fund Grant Number 10421.