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This book presents the history of economic thought as it relates to today’s most pressing problems, and it emphasizes the critical connection that exists between what may seem cold, unrealistic mathematical economic models, and the quality of everyday life of any citizen of the planet earth....
Persistent link: https://www.econbiz.de/10015214334
In all areas of human knowledge, datasets are increasing in both size and complexity, creating the need for richer statistical models. This trend is also true for economic data, where high-dimensional and nonlinear/noparametric inference is the norm in several fields of applied econometric work....
Persistent link: https://www.econbiz.de/10015265696
to the common score and intercepts, the rank and rating (for a risk-rated portfolio) specific sensitivity. This rank … specific sensitivity allows a risk rating to respond to its migrations to default, downgrade, stay, and upgrade accordingly. An … approach for parameter estimation is proposed based on maximum likelihood for observing rank outcome frequencies. Applications …
Persistent link: https://www.econbiz.de/10015256549
In this paper we show that the exchange rates of some commodity exporter countries have the ability to predict the price of spot and future contracts of aluminum. This is shown with both in-sample and out-of-sample analyses. The theoretical underpinning of these results relies on the...
Persistent link: https://www.econbiz.de/10015265738
This study is the first of a series of studies, collectively embodying a multiphase mixed methods design. The overall objective of these studies is to explore and address a variety of issues and features of the discipline of economics, particularly as they relate to and represent past present...
Persistent link: https://www.econbiz.de/10015220548
The present study is, in particular, an attempt to test the relationship between tax level and political stability by using some economic control variables and to see the relationship among government effectiveness, corruption, and GDP. For the purpose, we used the Vector Autoregression (VAR)...
Persistent link: https://www.econbiz.de/10015227875
The present study is, in particular, an attempt to test the relationship between tax level and political stability by using some economic control variables and to see the relationship among government effectiveness, corruption, and GDP. For the purpose, we used the Vector Autoregression (VAR)...
Persistent link: https://www.econbiz.de/10015244979
The present study is, in particular, an attempt to test the relationship between tax level and political stability by using some economic control variables and to see the relationship among government effectiveness, corruption, and GDP. For the purpose, we used the Vector Autoregression (VAR)...
Persistent link: https://www.econbiz.de/10015245700
The last years have seen an explosion in the demand for data science skills. In this paper, I introduce the reader to the term, point out the technological jumps that allowed the rise of its methods, and give an overview of the most common ones. I close by pointing out the strengths and...
Persistent link: https://www.econbiz.de/10015218399
to econometrics and microeconomics and despite massive progress in the access to data and the use of statistical software …
Persistent link: https://www.econbiz.de/10015264865