Purpose: Building performance does not only depend on its efficiency but also on the behaviors of its occupants. Occupant behaviors can more than offset technological efficiency gains so, that corporate real estate (CRE) managers have to go beyond sustainable buildings. CRE managers need to...

We propose to test for spatial correlation of the disturbances using estimated residuals of the within estimator. We derive asymptotic properties of the test and present simulation evidence to show that it also works well in finite samples.

Affine term structure models describe the term structure of interest rates by means of a small number of latent factors. Quasi-unit root behaviour for these latent factors arises from the high degree of serial correlation in interest rate data. In this paper we perform Bayesian parameter...