Showing 1 - 10 of 12
Persistent link: https://www.econbiz.de/10012203270
Persistent link: https://www.econbiz.de/10008504988
Persistent link: https://www.econbiz.de/10005276039
Persistent link: https://www.econbiz.de/10005280603
We propose an econometric procedure for obtaining de facto exchange rate regime classifications which we apply to study the relationship between exchange rate regimes and economic growth. Our classification method models the de jure regimes as outcomes of a multinomial logit choice problem...
Persistent link: https://www.econbiz.de/10005774841
Contingent valuation surveys have become an important tool in placing monetary values on non-market goods and amenities. Many policy issues involve evaluation of several alternatives such as different environmental quality levels, different levels of risk, etc. Contingent valuation then involves...
Persistent link: https://www.econbiz.de/10005740384
This paper proposes a new test statistic to deter the presence of heteroskedasticity. The proposed test does not require a parametric specification of the mean regression function in the first stage regression. The regression function is estimated nonparametrically by the kernel estimation...
Persistent link: https://www.econbiz.de/10005129922
Persistent link: https://www.econbiz.de/10005158864
This paper examines the vertical integration issue of the electricity industry. This industry is typically vertically integrated and heavily regulated. The paper investigates the potential technological efficiency loss due to the vertical disintegration using the translog production function....
Persistent link: https://www.econbiz.de/10005252057
We model a country's de jure exchange rate policy as the choice from a multinomial logit response conditioned on the volatility of its bilateral exchange rate, the volatility of its international reserves, and the volatility of its effective exchange rate. The category with the highest...
Persistent link: https://www.econbiz.de/10008865703