Search Results - subject:"Functional Form"

A Consistent Model Specification Test with Mixed Discrete and Continuous Data

Hsiao, Cheng; Li, Qi; Racine, Jeff - Institute of Economic Policy Research (IEPR), … - 2006

In this paper we propose a nonparametric kernel-based model specification test that can be used when the regression model contains both discrete and continuous regressors. We employ discrete variable kernel functions and we smooth both the discrete and continuous regressors using least squares...

Persistent link: https://www.econbiz.de/10005132572

Analysis of banking system efficiency in the European Union

Holló, Dániel; Nagy, Márton - In: MNB Bulletin 1 (2006) 1, pp. 21-26

In addition to aspects related to financial stability, the cost efficiency gap observed between the banking systems of the old and the new EU member states is also unfavourable from a welfare point of view. In the majority of new member states, banks are likely to price the relatively high rate...

Persistent link: https://www.econbiz.de/10005146768

Bank Efficiency in the Enlarged European Union

Holló, Dániel; Nagy, Márton - Magyar Nemzeti Bank (MNB) - 2006

This paper aims to estimate bank efficiency differences across member states of the European Union and tries to explain their causes. We show on an empirical basis that the level and spread of bank efficiency in the EU and their changes are significantly determined by characteristics of...

Persistent link: https://www.econbiz.de/10005357950

On the Properties of Various Estimators for Fiscal Reaction Functions

Celasun, Oya; Kang, Joong Shik - International Monetary Fund (IMF) - 2006

This paper evaluates the bias of the least-squares-with-dummy-variables (LSDV) method in fiscal reaction function estimations. A growing number of studies estimate fiscal policy reaction functions-that is, relationships between the primary fiscal balance and its determinants, including public...

Persistent link: https://www.econbiz.de/10005263679

The Difference Between Hedonic Imputation Indexes and Time Dummy Hedonic Indexes

Heravi, Saeed; Silver, Mick - International Monetary Fund (IMF) - 2006

Statistical offices try to match item models when measuring inflation between two periods. For product areas with a high turnover of differentiated models, however, the use of hedonic indexes is more appropriate since they include the prices and quantities of unmatched new and old models. The...

Persistent link: https://www.econbiz.de/10005263961

Full Rank Rational Demand Systems

LaFrance, Jeffrey T; Pope, Rulon D. - Department of Agricultural and Resource Economics, … - 2006

We extend the set of full rank nominal and deflated income demand systems to rational demand systems of any rank and present a unifying expression for the indirect preferences of all full rank demand models.

Persistent link: https://www.econbiz.de/10010537518

Bank efficiency in the enlarged European Union

Holló, Dániel; Nagy, Márton - 2006

Persistent link: https://www.econbiz.de/10010322483

The impact of exponential growth variables on regression models of the market-accounting relation

Falta, Michael; Willett, Roger J. - In: Journal of accounting, auditing & finance 28 (2013) 3, pp. 243-272

Persistent link: https://www.econbiz.de/10009783363

The Need for Theoretically Consistent Efficiency Frontiers

Sauer, Johannes; Hockmann, Heinrich - 2005

functional form. The robustness of policy suggestions based on inferences from efficiency measures nevertheless crucially depends …

Persistent link: https://www.econbiz.de/10009443888

Aggregation Theory for Incomplete Systems

LaFrance, Jeffrey T.; Beatty, Timothy K.M.; Pope, Rulon D. - Department of Agricultural and Resource Economics, … - 2005

functional form of this class of models. We show that symmetry determines rank and the maximum rank is three. We show that adding … up and 0Âº homogeneity determines the functional form and there is no functional form restriction for an incomplete … class of models is derived. A simple method to nest rank and functional form for incomplete systems is presented. …

Persistent link: https://www.econbiz.de/10011130828