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The Carbon Kuznets hypothesis conjectures an inverse U{shape relation between GDP and carbon dioxide emissions. We investigate a number of empirical problems with this hypothesis by way of both econometric analysis and CGE modelling. The econometric analysis takes into account the possibility of...
Persistent link: https://www.econbiz.de/10005407821
The aims of this paper are estimate and forecast the Non-Accelerating Inflation Rate of Unemployment, or NAIRU, for Brazilian unemployment time series data. In doing so, we introduce a methodology for estimating mixed additive seasonal autoregressive (MASAR) models, by the Generalized Method of...
Persistent link: https://www.econbiz.de/10005407874
The institutional reforms towards trade liberalizations in Latin America during the 1980s and the 1990s have introduced a good measure of import competition, but trade policies alone are not sufficient to create a competitive environment in an economy. The countries in Latin America have not had...
Persistent link: https://www.econbiz.de/10005407890
propose a model-based bias-corrected estimation approach. Our simulation results indicate that bias strongly relates to the … substantial differences in measured tail-thickness due to small sample bias. As a consequence, high quantile estimation may lead …
Persistent link: https://www.econbiz.de/10005407899
because it should be looked upon as a simple tool which can be handled easily or as a crude remedy for estimation, but because …-function further increases its potentialities to handle different scales of production. Various econometric estimation problems, such … as serial correlation, hetroscidasticity and multicolinearity can be handled adequately and easily. It is argued that …
Persistent link: https://www.econbiz.de/10005407915
. Estimation and inference where performed through Markov Chain Monte Carlo simulation techniques. Main results show that treating …
Persistent link: https://www.econbiz.de/10005407984
Power-law tail behavior and the summation scheme of Levy-stable (alpha- stable) distributions is the basis for their frequent use as models when fat tails above a Gaussian distribution are observed. However, recent studies suggest that financial asset returns exhibit tail exponents well above...
Persistent link: https://www.econbiz.de/10005407988
extent to which the deterioration can be alleviated. Econometric estimation thus presents us with the quantity effects of …
Persistent link: https://www.econbiz.de/10005407992
This paper proposes a novel Maximum Likelihood (ML) strategy to estimate Euler equations implied by dynamic stochastic theories. The strategy exploits rational expectations cross-equation restrictions, but circumvents the problem of multiple solutions that arises in Sargent's (1979) original...
Persistent link: https://www.econbiz.de/10005412787
This paper proposes tests of unconditional mean-variance efficiency using bootstrap method that does not depend on specific distributional assumptions. We reject the mean-variance efficiency of the CRSP value- weighted stock index for five of the seven consecutive ten-year subperiods from 1926...
Persistent link: https://www.econbiz.de/10005413061