This paper considers the estimation of dynamic structural models where the decision variables are censored. We present and discuss several econometric issues and estimation methods under alternative stochastic structure of the unobservables, different potential sources of censoring, and...

A rank three demand system incorporating labour force participation, non-separability of demands from excluded goods and non-exeact aggregation in income and household characteristics is estimated using United States Consumer Expenditue Survey microdata.

This paper tests, using data from South Africa and Pakistan, two major implications of the unitary household model, namely, that (a) each individual pools the various components of her/his non labour earnings, and (b) men and women pool their non labour earnings between themselves. The study...

Spectral analysis at frequencies other than zero plays an increasingly important role in econometrics. A number of alternative automated data-driven procedures for nonparametric spectral density estimation have been suggested in the literature, but little is known about their finite-sample...

In this paper I describe and apply the methods of Symbolic Time Series Analysis (STSA) to an experimental framework. The idea behing STSA is simple: the values of a given time series data are transformed into a finite set of symbols obtaining a finite string.

Starting with a theoretical QUAIDS model at the micro level, an approximate aggregation is developed that allows the model to be applied to time series at the macro level (The approximated aggregation holds for a "representative" consumer with utility equal to the harmonic mean of the individual...

In this paper we consider deterministic seasonal variation in quarterly production for several European countries, and we address the question whether this variation has become more similar across countries over time. Due to economic and institutional factors, one may expect convergence across...

When calibrated, the Mortensen & Pissarides [1994] is able to produce some stylized facts highlighted by empirical studies on US gross job flowa. However, other stylized facts concerning their asymmetric properties are generally neglected at the aggregate level. The aim of this paper is to test...