Purpose – The paper aims to present an analysis of the indirect and direct effects of active labour market policy measures at the regional level for Western Germany. Design/methodology/approach – Most evaluation studies of active labour market policy focus on the microeconometric treatment...

This paper presents an overview of recently developed estimation methods for dynamic panel data models with spatial correlation.We discuss the specification, themain assumptions and the implications of themodel. Themost important estimation strategy is the application ofGeneralized Method of...

We propose a new framework for modelling the time dependence in duration processes being in force on financial markets. The pioneering ACD model introduced by Engle and Russell (1998) will be extended in a manner that the duration process will be accompanied by an unobservable stochastic...

We propose a new framework for modelling time dependence in duration processes on financial markets. The well known autoregressive conditional duration (ACD) approach introduced by Engle and Russell (1998) will be extended in a way that allows the conditional expectation of the duration process...