Search Results - subject:"Nested models"

Out-of-sample predictability in predictive regressions with many predictor candidates

Gonzalo, Jesús; Pitarakis, Jean-Yves - In: International journal of forecasting 40 (2024) 3, pp. 1166-1178

Persistent link: https://www.econbiz.de/10014547266

Durable consumption-based asset pricing model with foreign factors for the Korean stock market

Cho, Cheol-Keun; Jang, Bosung - In: International Journal of Financial Studies : open … 11 (2023) 2, pp. 1-20

This paper explores the implications of consumption heterogeneity between domestic and foreign investors on the cross-section of stock returns in a host country. We argue that foreign investors in a small open economy integrated into global financial markets may face consumption risk, which...

Persistent link: https://www.econbiz.de/10014285265

Comparing forecast accuracy: A Monte Carlo investigation

Busetti, Fabio; Marcucci, Juri; Veronese, Giovanni - Banca d'Italia - 2009

Encompassing (FE) are evaluated, using Monte Carlo simulations, in the context of dynamic regressions. For nested models, the F … persistent data. A similar setup is then used to analyze the case of non-nested models. Again it is found that FE tests have a … application evaluates the predictive ability of nested and non-nested models for GDP in Italy and the euro-area. …

Persistent link: https://www.econbiz.de/10008459745

Constructing a new leading indicator for unemployment from a survey among German employment agencies

Hutter, Christian; Weber, Enzo - In: Applied Economics 47 (2015) 33, pp. 3540-3558

The paper investigates the predictive power of a new survey implemented by the Federal Employment Agency (FEA) for forecasting German unemployment in the short run. Every month, the CEOs of the FEA's regional agencies are asked about their expectations of future labor market developments. We...

Persistent link: https://www.econbiz.de/10013349233

Testing the Internal Validity of Compulsory School Reforms as Instrument for Years of Schooling

Brunello, Giorgio; Fort, Margherita; Weber, Guglielmo; … - 2013

In the large empirical literature that investigates the causal effects of education on outcomes such as health, wages and crime, it is customary to measure education with years of schooling, and to identify these effects using the exogenous variation provided by school reforms increasing...

Persistent link: https://www.econbiz.de/10010319532

Constructing a new leading indicator for unemployment from a survey among German employment agencies

Hutter, Christian; Weber, Enzo - 2013

Persistent link: https://www.econbiz.de/10010420671

A simple but efficient approach to the analysis of multilevel data

Bache, Stefan Holst Milton; Kristensen, Troels - Center for Sundhedsøkonomisk Forskning (COHERE), … - 2013

Much research in health economics revolves around the analysis of hierarchically structured data. For instance, combining characteristics of patients with information pertaining to the general practice (GP) clinic providing treatment is called for in order to investigate important features of...

Persistent link: https://www.econbiz.de/10011211876

Estimation of residential water demand with imperfect price perception

Binet, Marie-Estelle; Carlevaro, Fabrizio; Paul, Michel - HAL - 2013

Using data from a household survey carried out in the French overseas territory of Réunion, we investigate the price of drinking-water perceived by households faced with an increasing, multi-step pricing scheme. To this purpose we use an improved version of the method introduced by Shin (1985)...

Persistent link: https://www.econbiz.de/10010820594

THE WAGE CURVE RECONSIDERED: IS IT TRULY AN 'EMPIRICAL LAW OF ECONOMICS'?

FINGLETON, Bernard; PALOMBI, Silvia - In: Region et Developpement 38 (2013), pp. 49-92

(NEG). The present paper considers the relative success of non-nested models of wage determination from the perspective of …

Persistent link: https://www.econbiz.de/10010883864

Testing the Internal Validity of Compulsory School Reforms as Instrument for Years of Schooling

Brunello, Giorgio; Fort, Margherita; Weber, Guglielmo; … - Institute for the Study of Labor (IZA) - 2013

Persistent link: https://www.econbiz.de/10010685862