Search Results - subject:"Functional Form"

Ghostbusting; Which Output Gap Measure Really Matters?

Billmeier, Andreas - International Monetary Fund (IMF) - 2004

This paper investigates various output gap measures in a simple inflation forecasting framework. Reflecting the cyclical position of an economy, an (unobservable) output gap has important implications for economic analysis. I construct and compare common output gap measures for five European...

Persistent link: https://www.econbiz.de/10005826587

Rural water suppliers and efficiency: Empirical evidence from East and West Germany

Sauer, Johannes - Leibniz-Institut für Agrarentwicklung in … - 2004

generalized McFadden functional form and the imposition of concavity restrictions as required by economic theory. Data on 47 rural … water suppliers was collected by a written survey in 2002/2003. The applied second order flexible functional form performs …

Persistent link: https://www.econbiz.de/10008526793

Tests of Functional Form and Heteroscedasticity

Tse, Y. K.; Yang, Z. L. - Econometric Society - 2004

(LM) statistics for (i) testing functional form and heteroscedasticity jointly, (ii) testing functional form in the …. For case (iii), the test does not depend on whether the functional form is estimated or pre-specified. Small …

Persistent link: https://www.econbiz.de/10005702706

Tests of Functional Form and Heteroscedasticity

Tse, Z. L. Yang Y. K. - Econometric Society - 2004

Persistent link: https://www.econbiz.de/10005342139

Social Spending, Human Capital, and Growth in Developing Countries; Implications for Achieving the Mdgs

Baldacci, Emanuele; Cui, Qiang; Clements, Benedict J.; … - International Monetary Fund (IMF) - 2004

Using panel data from 120 developing countries from 1975 to 2000, this paper explores the direct and indirect channels linking social spending, human capital, and growth in a system of equations. The paper finds that both education and health spending have a positive and significant direct...

Persistent link: https://www.econbiz.de/10005263905

A Bayesian Approach to Model Uncertainty

Tsangarides, Charalambos G. - International Monetary Fund (IMF) - 2004

This paper develops the theoretical background for the Limited Information Bayesian Model Averaging (LIBMA). The proposed approach accounts for model uncertainty by averaging over all possible combinations of predictors when making inferences about the variables of interest, and it...

Persistent link: https://www.econbiz.de/10005264140

Building Gorman's Nest

LaFrance, Jeffrey T.; Beatty, Timothy K. M.; Pope, Rulon D. - Department of Agricultural and Resource Economics, … - 2004

isolated in the rank and functional form restrictions for Gorman systems. Symmetry determines the rank condition. The maximum … rank is three for incomplete and complete systems. Homogeneity/adding up determines the functional form restrictions in … complete systems. There is no restriction on functional form in an incomplete system. Every full rank and minimal deficit …

Persistent link: https://www.econbiz.de/10010537354

Rural water suppliers and efficiency: Empirical evidence from East and West Germany

Sauer, Johannes - 2004

Persistent link: https://www.econbiz.de/10010322737

Scale Economies, Bank Mergers, and Electronic Payments: A Spline Function Approach

Humphrey, David B.; Vale, Bent - 2003

This paper demonstrates the importance of using a flexible cost function specification when analyzing economies of scale and estimating the cost effect of banking mergers. The inflexibility of the translog cost function is illustrated and results are compared to more flexible spline and Fourier...

Persistent link: https://www.econbiz.de/10012143608

PROJECTING WORLD FOOD DEMAND USING ALTERNATIVE DEMAND SYSTEMS

Yu, Wusheng; Hertel, Thomas W.; Preckel, Paul V.; … - International Association of Agricultural Economists - IAAE - 2003

support forward-looking policy analysis. Such projections hinge critically on the underlying functional form for representing …

Persistent link: https://www.econbiz.de/10005460390