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Cost-effective Estimation of the Population Mean Using Prediction Estimators

Fujii, Tomoki; Weide, Roy van der - 2013

This paper considers the prediction estimator as an efficient estimator for the population mean. The study may be viewed as an earlier study that proved that the prediction estimator based on the iteratively weighted least squares estimator outperforms the sample mean. The analysis finds that a...

Persistent link: https://www.econbiz.de/10012560114

Testing Weak Exogeneity in Cointegrated Panels

Moral-Benito, Enrique; Servén, Luis - 2014

For reason of empirical tractability, analysis of cointegrated economic time series is often developed in a partial setting, in which a subset of variables is explicitly modeled conditional on the rest. This approach yields valid inference only if the conditioning variables are weakly exogenous...

Persistent link: https://www.econbiz.de/10012572263

Is Infrastructure Capital Productive? A Dynamic Heterogeneous Approach

Calder??n, C??sar; Moral-Benito, Enrique; Serv??n, Luis - 2012

This paper offers an empirical evaluation of the output contribution of infrastructure. Drawing from a large data set on infrastructure stocks covering 88 countries and spanning the years 1960-2000, and using a panel time-series approach, the paper estimates a long-run aggregate production...

Persistent link: https://www.econbiz.de/10012551178

Structural Change and Cross-Country Growth Empirics

Eberhardt, Markus; Teal, Francis J. - 2013

technology differences across countries. Using a unique World Bank dataset, it estimates production functions for agriculture and …

Persistent link: https://www.econbiz.de/10012558002

Dynamic Relationship between Corruption and Youth Unemployment : Empirical Evidences from a System GMM Approach

Bouzid, Bechir N. - 2016

This paper addresses the causal relationship between corruption and youth unemployment from two different perspectives. The discussion starts by asking how the corruption practices within government institutions that encourage the payment of bribes to access the job opportunities contribute to...

Persistent link: https://www.econbiz.de/10012570807

Institutional Quality Mediates the Effect of Human Capital on Economic Performance

Adams-Kane, Jonathon; Lim, Jamus Jerome - 2014

This paper considers the relationship between institutional quality, educational outcomes, and economic performance. More specifically, it seeks to establish the linkages by which government effectiveness affects per capita income, via its mediating effect on human capital formation. The...

Persistent link: https://www.econbiz.de/10012572767

Estimating the Gravity Model When Zero Trade Flows are Frequent and Economically Determined

Martin, Will; Pham, Cong S. - 2015

with frequencies of zero frequently observed in real-world data, and that Poisson Pseudo-Maximum-Likelihood models can be … provide the best results. Testing on real-world data for total trade throws up additional puzzles with truncated Poisson … of very small predicted trade flows in real-world data reconciles these findings and leads to specific recommendations …

Persistent link: https://www.econbiz.de/10012571819

Revisiting the Effect of Food Aid on Conflict : A Methodological Caution

Barrett, Christopher B.; Christian, Paul - 2017

A popular identification strategy in non-experimental panel data uses instrumental variables constructed by interacting exogenous but potentially spurious time series or spatial variables with endogenous exposure variables to generate identifying variation through assumptions like those of...

Persistent link: https://www.econbiz.de/10012569841

Exploring the Sources of Downward Bias in Measuring Inequality of Opportunity

Lara Ibarra, Gabriel; Martinez Cruz, Adan L. - 2015

This study analyzes the extent of downward bias in the calculation of inequality of opportunity for continuous outcomes such as income. A typically recognized source of bias is the unobserved circumstances as there is a limited set of variables available in household and labor force surveys....

Persistent link: https://www.econbiz.de/10012571534

Linking Risk Models to Microeconomic Indicators

Anttila‐Hughes, Jesse; Sharma, Mohan - 2015

Catastrophe risk models are quantitative models used to estimate probabilistic loss distributions for a specified range of assets subject to a baseline level of disaster risk. While cat risk models are used extensively by the insurance and reinsurance industry to estimate expected losses to...

Persistent link: https://www.econbiz.de/10012571769