We report on an experiment testing the empirical relevance of least squares (LS) learning, a common way of modelling how individuals learn a rational expectations equilibrium (REE). Subjects are endowed with the correct perceived law of motion (PLM) for a price level variable they are seeking to...

This paper examines the structure and determinants of inter-industry wage differentials in Greece, along with the role of the rent-sharing and unobserved heterogeneity hypotheses, employing restricted least squares and quantile regression techniques with cluster robust standard errors at the...

Linear threshold models are popularly estimated by the least-squares (LS) method, but the resultedthreshold parameter estimator has a non-standard limiting distribution which makes statistical inference less straightforward. Seo and Linton (2007) introduce a smoothed least-squares (SLS)...

This study investigates the asymptotic and finite-sample properties of KPSS-type cointegra-tion tests that use residuals from integrated and modified ordinary least squares estimations.The test statistic, denoted by KPSS^Fb is shown to provide a consistent test against the al-ternative of no...

This study examines the antecedents/determinants of behavioral intentions toward the utilization of Islamic financial technology for Middle Eastern customers. The study applied structural equation modeling (PLS-SEM). After robust research efforts were invested in the identification of factors,...

In this study, we design stepwise ordinary least squares regression models using various amalgamations of firm features, loan characteristics and macroeconomic variables to forecast workout recovery rates for defaulted bank loans for private non-financial corporates under downturn conditions in...

This paper considers transformations of nonlinear semiparametric mean functions that yield moment conditions for estimation. Such transformations are said to be information equivalent if they yield the same asymptotic efficiency bound. I derive a unified theory of algebraic equivalence for...