The econometric literature offers various modeling approaches for analyzing micro data in combination with time series of aggregate data. This paper discusses the estimation of a VAR model that allows unobserved heterogeneity across observation unit, as well as unobserved time-specific...

We examine the estimation problem for shape-restricted functions that are continuous, non-negative, monotone non-decreasing, and strictly concave. A sieve estimator based on bivariate Bernstein polynomials is proposed. This estimator is drawn from a sieve, a set of shape-restricted Bernstein...

Dynamiczna analiza finansowa stala sie narzedziem niezastapionym i wszechstronnie wykorzystywanym w zakladach ubezpieczen. Proces dynamicznej analizy finansowej nie jest przypadkowy, obejmuje generator scenariusza stochastycznego, wejscia i wyjscia. Integruje roznorodne modele i techniki z...

In the presented paper, the author tried to introduce a new initiative in risk assessment of companies' financial difficulties, which arise in the RMI CRI in Singapore under the guidance of prof. Jin-Chuan Duan. This initiative and proposed based on Poisson process theoretical model is available...

DCF to metoda wyceny oparta na zalozeniu, ze wartosc przedsiebiorstwa zalezy od przeplywow gotowki, ktore firma moze wygenerowac w przyszlosci. Metoda ma jednak pewna wade zwiazana z faktem, ze do obliczania WACC stosowane sa ksiegowe wartosci dlugu i kapitalu wlasnego. Proby uzycia innych...

This paper presents an analysis of expenditure on food of households in Poland in the years 1999-2010. Since their level and dynamics can be used as a measure of well-being of society this process was used to examine internal social convergence of regions, in this case the voivodeships. The aim...

Methods of identification of external effects of functioning of industrial clusters. The aim of the paper is to present methods used to identify the external effects of the industrial clusters. One of them is to evaluate a regional growth regression with a cluster index as one of the explanatory...

This paper presents an analysis of expenditure on food of households in Poland in the years 1999-2010. Since their level and dynamics can be used as a measure of well-being of society this process was used to examine internal social convergence of regions, in this case the voivodeships. The aim...

Authors of the study aimed to analyze the structure and some of the figures of the financial market in Russia. This choice of one side was dictated by proximity to Russia and relatively little knowledge about the financial market of the country, the other huge potential that lies dormant in the...

Research background: Sektor, w ktorym funkcjonuje podmiot gospodarczy, nalezy do istotnych czynnikow majacych wplyw na jego strukture kapitalu. Przedmiot dzialalnosci przedsiebiorstwa oddzialywuje nie tylko na proporcje kapitalow wlasnych i obcych w jego finansowaniu, ale wplywa rowniez znaczaco...