Narrow search
Showing 1 - 10 of 216
Cover Image
General-to-Specific Modeling : An Overview and Selected Bibliography
Campos, Julia; Ericsson, Neil R.; Hendry, David F. - 2005
of reduction, summarizes the approach of general-to-specific modeling, and discusses the econometrics of model selection …This paper discusses the econometric methodology of general-to-specific modeling, in which the modeler simplifies an …, noting that general-to-specific modeling is the practical embodiment of reduction. This paper then summarizes fifty …
Persistent link: https://www.econbiz.de/10014062671
Cover Image
The Maximum Number of Parameters for the Hausman Test When the Estimators are from Different Sets of Equations
Nawata, Kazumitsu; McAleer, Michael - 2013
Hausman (1978) developed a widely-used model specification test that has passed the test of time. The test is based on two estimators, one being consistent under the null hypothesis but inconsistent under the alternative, and the other being consistent under both the null and alternative...
Persistent link: https://www.econbiz.de/10010328351
Cover Image
The maximum number of parameters for the Hausman test when the estimators are from different Sets of equations
Nawata, Kazumitsu; McAleer, Michael - 2013
Hausman (1978) developed a widely-used model specification test that has passed the test of time. The test is based on two estimators, one being consistent under the null hypothesis but inconsistent under the alternative, and the other being consistent under both the null and alternative...
Persistent link: https://www.econbiz.de/10010226558
Cover Image
Estimating Price Effects in an Almost Ideal Demand Model of Outbound Thai Tourism to East Asia
Chang, Chia-Lin - 2010
This paper analyzes the responsiveness of Thai outbound tourism to East Asian destinations, namely China, Hong Kong, Japan, Taiwan and Korea, to changes in effective relative price of tourism, total real total tourism expenditure, and one-off events. The nonlinear and linear Almost Ideal Demand...
Persistent link: https://www.econbiz.de/10013144948
Cover Image
The Maximum Number of Parameters for the Hausman Test When the Estimators are from Different Sets of Equations
Nawata, Kazumitsu; McAleer, Michael - Department of Economics and Finance, College of … - 2014
Hausman (1978) developed a widely-used model specification test that has passed the test of time. The test is based on two estimators, one being consistent under the null hypothesis but inconsistent under the alternative, and the other being consistent under both the null and alternative...
Persistent link: https://www.econbiz.de/10010907409
Cover Image
Mis-specification Testing: Non-Invariance of Expectations Models of Inflation
Castle, Jennifer L.; Doornik, Jurgen A.; Hendry, David F.; … - Rimini Centre for Economic Analysis (RCEA) - 2012
Many economic models (such as the new-Keynesian Phillips curve, NKPC) include expected future values, often estimated after replacing the expected value by the actual future outcome, using Instrumental Variables or Generalized Method of Moments. Although crises, breaks and regime shifts are...
Persistent link: https://www.econbiz.de/10010555881
Cover Image
Estimating Price Effects in an Almost Ideal Demand Model of Outbound Thai Tourism to East Asia
Chang, Chia-Lin; Khamkaew, Thanchanok; McAleer, Michael - Faculteit der Economische Wetenschappen, Erasmus … - 2010
This paper analyzes the responsiveness of Thai outbound tourism to East Asian destinations, namely China, Hong Kong, Japan, Taiwan and Korea, to changes in effective relative price of tourism, total real total tourism expenditure, and one-off events. The nonlinear and linear Almost Ideal Demand...
Persistent link: https://www.econbiz.de/10010837710
Cover Image
Five Sensitive Intervention Points to Achieve Climate Neutrality by 2050
Castle, Jennifer; Hendry, David F. - 2022
To achieve net-zero greenhouse gas (GHG) emissions requires a dramatic energy transition from fossil fuels to renewables, as well as eliminating other sources of GHG emissions from agriculture, construction and waste. A comprehensive strategy should utilise five key sensitive intervention points...
Persistent link: https://www.econbiz.de/10014076650
Cover Image
Unpredictability and the Foundations of Economic Forecasting
Hendry, David F. - Econometric Society - 2004
We revisit the concept of unpredictability to explore its implications for forecasting strategies in a non-stationary world subject to structural breaks, where model and mechanism differ. Six aspects of the role of unpredictability are distinguished, compounding the four additional mistakes most...
Persistent link: https://www.econbiz.de/10005063638
Cover Image
The Maximum Number of Parameters for the Hausman Test When the Estimators are from Different Sets of Equations
McAleer, Michael; Nawata, Kazumitsu - Facultad de Ciencias Económicas y Empresariales, … - 2013
Hausman (1978) developed a widely-used model specification test that has passed the test of time. The test is based on two estimators, one being consistent under the null hypothesis but inconsistent under the alternative, and the other being consistent under both the null and alternative...
Persistent link: https://www.econbiz.de/10010778706