In a recent meeting of IEA's Annex 23, several members presented their conclusions on the modeling of phase change materials behavior in the context of building applications. These conclusions were in agreement with those of a vast review, involving the survey of more than 250 journal papers,...

A method to evaluate cyclical models not requiring knowledge of the DGP and the exact specification of the aggregate decision rules is proposed. We derive robust restrictions in a class of models; use some to identify structural shocks in the data and others to evaluate the class or contrast...

A new method for testing linear restrictions in linear regression models is suggested. It allows to validate the linear restriction, up to a specified approximation error and with a specified error probability. The test relies on asymptotic normality of the test statistic, and therefore...

The efect of taxation on growth is embodied in a model of a small open economy with endogenous growth. The structural model is estimated on post-war panel data for 76 countries and the bootstrap is used to produce the model’s sampling variation. Panel data regressions of growth on taxation do...

Recent developments in turbine technology allow the extraction of kinetic energy from tidal flows. This method of renewable energy generation is gaining popularity because of the high predictability of tides, the low environmental impact with no land occupation, and the lower investment needed...

The single most crucial weakness of current macroeconometric modeling stems from the fact that modelers ‘quantify/estimate’ their structural modeldirectly, ignoring the fact that behind every structural model there is a statistical model whose validity vis-a-vis the data underwrites the...

This paper compares forecast effects of the Stockholm congestion charges with actual outcomes. The most important concerns during the design of the congestion charging scheme were the traffic reduction in bottlenecks, the increase in public transport ridership, the decrease of vehicle kilometres...

To model decision problems properly has a direct effect on the quality of the solution. The aim of this study is to minimise the errors arising from the decision maker during modelling for increasing problem-solving efficiency of analytic network process (ANP) method. In order to achieve this...

Extreme sea-level events (e.g. caused by storm surges) can cause coastal flooding, and considerable disruption and damage. To understand the impacts or hazards expected by different sea levels, waves and defence failures, it is useful to monitor and analyse coastal flood events, including...