This paper introduces a exible local projection that generalises the model by Jordà (2005) to a non-parametric setting using Bayesian Additive Regression Trees. Monte Carlo experiments show that our BART-LP model is able to capture non-linearities in the impulse responses. Our first application...

This paper introduces a exible local projection that generalises the model by Jordà (2005) to a non-parametric setting using Bayesian Additive Regression Trees. Monte Carlo experiments show that our BART-LP model is able to capture non-linearities in the impulse responses. Our first application...

Introduction to GAMS -- Introduction to Data Envelopment Analysis -- Extensions of DEA models -- Non-radial DEA models -- Allocative, cost, technical, revenue, and profit efficiency -- Special cases in DEA -- Productivity change -- Concluding remarks.

Bankruptcy is one of the key issues across the globe which influences the economy of all the countries. Heavy social and economic costs which are imposed by bankrupted companies on stockholders can cause motivation of researchers in providing different methods for predicting bankruptcy. In this...

The paper’s main objective is to examine the efficiency of renewable energy development in the EU using 2009 national data. We apply nonparametric techniques to determine efficiency estimators that provide an insight into the quality of renewable energy policy and its impact on the EU...

Using parametric and non-parametric estimation techniques, we analyze the sustainability of the recently growing current account imbalances in the Euro Area and test whether the introduction of the European Monetary Union has aggravated these imbalances. For these purposes two alternative...

Indian banking is undergoing major transformation since the financial sector reforms in 1990s. The objective of this paper is to investigate the extent to which global financial crisis has affected the efficiency of Indian banks. We measure production efficiency through application of data...

Lack of information about technology and prices often hampers the empirical assessment of the validity of the profit maximization hypothesis. We show that the non-parametric Data Envelopment Analysis (DEA) methodology comprises natural tools for dealing with such incomplete information. In...