This is an exploratory study that attempts to identify and provide empirical evidence on the possible determinants of the market capitalisation of the Harare Stock Exchange (HSE) with the view of understanding the development prospects of the HSE and other similar markets. The study used...

This paper proposes a partially heterogeneous framework for the analysis of panel data with fixed T , based on the concept of "partitional clustering". In particular, the population of cross-sectional units is grouped into clusters, such that parameter homogeneity is maintained only within...

This paper proposes a partially heterogeneous framework for the analysis of panel data with fixed T. In particular, the population of cross-sectional units is grouped into clusters, such that slope parameter homogeneity is maintained only within clusters. Our method assumes no a priori...

In this paper we reconsider the formal estimation of the risk of financial intermediaries. Risk is modeled as the variability of the profit function of a representative intermediary, here a bank, as formally considered in finance theory. In turn, banking theory suggests that risk is determined...

This paper takes a sectoral, panel approach to investigating the electricity-growth nexus for the Eastern Cape province of South Africa between the period of 2003 and 2017. The empirical investigation was carried out using the Pooled Mean Group (PMG) panel estimators applied to an augmented...

With this piece of evidence, I try to shed light upon the effects of fixed and variable costs on revenues for four firms operating in the sectors of lathing and milling, packaging machine construction, mechanical component production and shoe parts building, all four in the vicinity of Bologna,...

This paper examines the panel data models when the regression coefficients are fixed, random, and mixed, and proposed the different estimators for this model. We used the Mote Carlo simulation for making comparisons between the behavior of several estimation methods, such as Random Coefficient...

The purpose of this paper is to study the model belongs to the family of structural equation models with data varying both across individuals (sectors) and in time. A complete theoretical analysis is developed in this work for the case of a dynamic recursive structure. Maximum likelihood...

Standard stochastic frontier models estimate log-linear specifications of production technology, represented mostly by production, cost, profit, revenue, and distance frontiers. We develop a methodology for stochastic frontier models of count data allowing for technological and inefficiency...

The objective of this paper represents the analysis of the way the Romania's economic integration in the EU will influence the regional specialization and industrial activities localization within NUTS (the eight regions of Romania) during the period 1991-2004, using absolute measures...