In this paper, new estimating methods proposed for dynamic and static probit models with panel data. Simulation studies show that the proposed estimators work relatively well.

The exponential model for the spectrum of a time series and its fractional extensions are based on the Fourier series expansion of the logarithm of the spectral density. The coefficients of the expansion form the cepstrum of the time series. After deriving the cepstrum of important classes of...

We re-estimate statistical properties and predictive power of a set of Phillips curves, which are expressed as linear and lagged relationships between the rates of inflation, unemployment, and change in labour force. For France, several relationships were estimated eight years ago. The change...

Measurement error is an enormous problem in empirical work. In some types of analysis, it is often ignored for various reasons. In some others, however, it cannot be ignored because it affects the results of analysis significantly. We use a simple procedure to estimate the extent of measurement...

According to theoretical models of valuing risky corporate securities, risk of default is primary component in overall yield spread. However, sizable empirical literature considers it otherwise by giving more importance to non-default risk factors. Current study empirically attempts to provide...

This paper studies the pattern of non-random measurement error in self-assessed health responses across population subgroups and examines whether anchoring of vignettes can be used to identify this bias. It uses unique data from the World Health Survey (WHS)-SAGE survey(wave 1) from India, that...

We propose a simple and intuitive method for estimating betas when factors are measured with error: ordinary least squares instrumental variable estimator (OLIVE). OLIVE performs well when the number of instruments becomes large, while the performance of conventional instrumental variable...

Measurement error is a usually met distortion factor in real-world applications that influences the outcome of a process. In this paper, we examine the effect of measurement error on the ability of the EWMA control chart to detect out-of-control situations. The model used is the one involving...

This paper comprises a survey of a half century of research on international monetary aggregate data. We argue that since monetary assets began yielding interest, the simple sum monetary aggregates have had no foundations in economic theory and have sequentially produced one source of...

We present a test of the hypothesis that a subset of the regressors are all proxying for the same latent variable. This issue will be of interest in cases where there are several correlated measures of elusive concepts such as misgovernance or corruption; in analyses where key variables such as...