stock market correlations between the United States and selected emerging economies. To this end, the Poisson Pseudo Maximum … Likelihood (PPML) estimator is used to account for heteroskedasticity and zero-value observations. Results show that greater …

constrained maximum likelihood estimation for the multivariate process, which ensures compliance with these matrix inequalities …

The paper derives and proves results of Gaussian maximum likelihood estimation of constant unknowns (coefficients …

location or in the log-scale of the observations. The static parameter vector of the model can be estimated by means of maximum … likelihood and we formally establish some of the asymptotic properties of such estimators. We illustrate the practical relevance …