Showing 1 - 10 of 32
We propose a test for model specification of a parametric diffusion process based on a kernel estimation of the transitional density of the process. The empirical likelihood is used to formulate a statistic, for each kernel smoothing bandwidth, which is effectively a Studentized L2-distance...
Persistent link: https://www.econbiz.de/10005835714
We consider portmanteau tests for testing the adequacy of vector autoregressive moving-average (VARMA) models under the assumption that the errors are uncorrelated but not necessarily independent. We relax the standard independence assumption to extend the range of application of the VARMA...
Persistent link: https://www.econbiz.de/10008602744
The asymptotic distribution of a vector of autocorrelations of squared residuals is derived for a wide class of asymmetric GARCH models. Portmanteau adequacy tests are deduced. %gathered These results are obtained under moment assumptions on the iid process, but fat tails are allowed for the...
Persistent link: https://www.econbiz.de/10008777366
Some recent papers by Dell et al. (2009) and Dell et al. (2012) (DJO) relating weather and economic outcomes, have delivered meaningful messages with clear implications to the effects of a changing climate. In a nutshell, the authors claim that a 1°C increase in global average temperatures...
Persistent link: https://www.econbiz.de/10011130323
continuously. This time adaptation is getting more and more attention to reduce the socio economic vulnerability and risks … associated with the climate change. Adaptation is unavoidable. This paper enumerates the literature review of Adaptation … why adaptation is necessary and its implications in coping the climate change challenges and what progress has been made …
Persistent link: https://www.econbiz.de/10011108126
human mobility as seen by the population, as well as some of the other adaptation strategies used by households to cope with …
Persistent link: https://www.econbiz.de/10011108741
Affective habituation is well-documented in social sciences: people seem to adapt to many life events, ranging from lottery windfalls to terminal illnesses. We propose a subtle but critical difference: current happiness may depend directly on past happiness. We test our hypothesis running...
Persistent link: https://www.econbiz.de/10011108919
, including extreme weather events. Other coping and adaptation strategies include changing the household’s sources of livelihood … a burgeoning literature on climate change and migration and other adaptation strategies worldwide, the evidence … climate change and extreme weather events, migration, other household coping and adaptation strategies, and government and …
Persistent link: https://www.econbiz.de/10011108922
on two related aspect: the integration among the agents and the adaptation in the face of emerging disturbances …. Adaptation is a central problem of economic organisations (Williamson, 1985, 1991), and its conceptualisation is integrated …) offers a generalisation of the adaptation concept for the class of hybrid governance structures. Gibbon (2005) subsumes the …
Persistent link: https://www.econbiz.de/10011110239
. This helps to provide explanations for previous findings, inform the adaptation discussion, and generate new understanding …
Persistent link: https://www.econbiz.de/10011110332