Search Results - subject:"bayesian analysis"

Quota Deregulation and Organic versus Conventional Milk – A Bayesian Distance Function Approach

Sauer, Johannes - Agricultural Economics Society - AES - 2008

Milk quota trading rules differ across EU member countries. In Denmark a biannual milk quota exchange was set up in 1997 to promote a more efficient reallocation of milk quotas as well as to reduce transaction costs related to the searching and matching of sellers and buyers. Using two...

Persistent link: https://www.econbiz.de/10004989432

Multidimensional Poverty Dominance: Statistical Inference and an Application to West Africa

Batana, Yélé Maweki; Duclos, Jean-Yves - Centre Interuniversitaire sur le Risque, les Politiques … - 2008

maximization of a likelihood function and on bayesian analysis. Using Demographic and Health Surveys (DHS), pivotal bootstrap tests …

Persistent link: https://www.econbiz.de/10005015291

Acquisition, Insolvency and Managers in UK Small Companies

Isachenkova, N.; Weeks, M. - Faculty of Economics, University of Cambridge - 2008

This paper investigates the determinants of involuntary insolvency and acquisition in UK small and medium-sized companies. Using a competing risks model and data from the survey database of the ESRC CBR at the University of Cambridge, we draw specific attention to the impact of managerial...

Persistent link: https://www.econbiz.de/10005650506

Are CEOs in Family Firms Paid Like Bureaucrats? Evidence from Bayesian and Frequentist Analyses

Block, Jörn Hendrich - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2008

, Bayesian analysis * I would like to thank Thomas Daffner, Andreas Riemann, Gaurav Rishi, Frank Spiegel, and … familiarize the reader with Bayesian analysis, the approach is described below. Bayesian analysis relies on Bayes’ theorem of … test theory, Bayesian analysis proceeds from here to the following three steps: first, a priori beliefs about the …

Persistent link: https://www.econbiz.de/10005678004

On The Cyclicality of Real Wages and Wage Differentials

Otrok, Christopher; Pourpourides, Panayiotis M. - Economics Section, Cardiff Business School - 2008

We show that two models of the labor market, a Walrasian model and a labor contracting model, both have an approximate dynamic factor structure. We use this result to motivate our empirical approach to estimating the cyclical properties of real wages, which does not impose any structure between...

Persistent link: https://www.econbiz.de/10005811706

Comparing Forecast Performance of Exchange Rate Models

Lam, Lillie; Fung, Laurence; Yu, Ip-wing - Hong Kong Monetary Authority - 2008

Exchange-rate movement is regularly monitored by central banks for macroeconomic-analysis and market-surveillance purposes. Notwithstanding the pioneering study of Meese and Rogoff (1983), which shows the superiority of the random-walk model in out-of-sample exchange-rate forecast, there is some...

Persistent link: https://www.econbiz.de/10005736335

A Naïve Sticky Information Model of Households’ Inflation Expectations

Lanne, Markku; Luoma, Arto; Luoto, Jani - Volkswirtschaftliche Fakultät, … - 2008

This paper provides a simple epidemiology model where households, when forming their inflation expectations, rationally adopt the past release of inflation with certain probability rather than the forward-looking newspaper forecast as suggested in Carroll [2003, Macroeconomic Expectations of...

Persistent link: https://www.econbiz.de/10005789861

Bayesian Analysis of DSGE Models with Regime Switching

Eo, Yunjong - Volkswirtschaftliche Fakultät, … - 2008

I estimate DSGE models with recurring regime changes in monetary policy (inflation target and reaction coefficients), technology (growth rate and volatility), and/or nominal price rigidities. In the models, agents are assumed to know deep parameter values but make probabilistic inference...

Persistent link: https://www.econbiz.de/10005789972

Recent Developments in Productivity and the Role of Entrepreneurship in Italy: An Industry View

Brasili, Andrea; Federico, Loredana - In: Rivista di Politica Economica 98 (2008) 2, pp. 179-214

This paper explores the existing interplay between productivity trends across Italian industries, in the decade 1995-2005, and entrepreneurship, highlighting the urgent need for a revival in entrepreneurial capital in some industries. Initially, we consider as a measure of entrepreneurship the...

Persistent link: https://www.econbiz.de/10005049613

Much Ado About Nothing? Estimating the Impact of a U.S. Slowdownon Thai Growth

Aiyar, Shekhar; Tchakarov, Ivan - International Monetary Fund (IMF) - 2008

External demand was the main driver of growth in Thailand in 2006 and 2007. However, WEO projections indicate moderating foreign demand in 2008, with U.S. growth being revised downwards to reflect the turmoil in housing and credit markets, and high oil prices. While the share of Thai exports to...

Persistent link: https://www.econbiz.de/10005248323