The estimation of limited dependent variable panel data models usually involves objective functions in which integrals appear without a closed form solution: this is the case of the panel data Tobit model with random effects. Recently, simulation methods have shown to be useful in the inference...

In this paper, we propose a new model with random variance components for estimating small area characteristics. Under the proposed model, we derive the empirical best linear unbiased estimator, an approximation to terms of order o(1/ m) and an estimator whose bias is of order o(1/ m) for its...

This article deals with some possibilities of the use of time-series analysis for quarterly statistical estimations of macroeconomic aggregates. It is a case of estimations of aggregates of gross domestic product creation and use. Beyond all doubt, their meaning from the point of view of...

The behaviour of real estate markets during the 1997–98 Financial crisis in Asian economies has received little attention despite the extensive research on other asset markets over this time. This paper examines the transmission of shocks across national real estate markets prior to and during...