Showing 1 - 10 of 1,127
The problem of multicollinearity in the assessments of coefficients is well established. However, it is rarely researched in the estimations of macroeconomic variables and economic performance of developing countries. Predicatively, it has impacts on the estimations of coefficients that should...
Persistent link: https://www.econbiz.de/10014179444
The key proposition of the paper lies in the treatment of financial statements as a matrix of endogenous information codetermined by double entry. To account for the highly structured information set in econometric estimation, we develop a generalised structural system for use with accounting...
Persistent link: https://www.econbiz.de/10013089513
Using the multiple indicator-multiple cause (MIMIC) approach, this paper generates a novel global database by estimating the size of the shadow economy for 157 countries over 1991 to 2017. The results suggest that the OECD countries are by far the lowest with values below 20% of off official GDP...
Persistent link: https://www.econbiz.de/10012857902
Using the multiple indicator-multiple cause (MIMIC) approach, this paper generates a novel global database by estimating the size of the shadow economy for 157 countries over 1991 to 2017. The results suggest that the OECD countries are by far the lowest with values below 20% of off official GDP...
Persistent link: https://www.econbiz.de/10012138830
All parameters in structural vector autoregressive (SVAR) models are locally identified when the structural shocks are independent and follow non-Gaussian distributions. Unfortunately, standard inference methods that exploit such features of the data for identification fail to yield correct...
Persistent link: https://www.econbiz.de/10013417421
All parameters in structural vector autoregressive (SVAR) models are locally identified when the structural shocks are independent and follow non-Gaussian distributions. Unfortunately, standard inference methods that exploit such features of the data for identification fail to yield correct...
Persistent link: https://www.econbiz.de/10015053146
Empirically analyzing household behavior usually relies on informal data preprocessing. That is, before an econometric model is estimated, observations are selected in such a way that the resulting subset of data can be assumed to be sufficiently homogeneous with respect to the specific research...
Persistent link: https://www.econbiz.de/10010458584
In this work we study the large sample properties of the posterior-based inference in the curved exponential family under increasing dimension. The curved structure arises from the imposition of various restrictions, such as moment restrictions, on the model, and plays a fundamental role in...
Persistent link: https://www.econbiz.de/10014052183
In this paper we study inference for a conditional model with a jump in the conditional density, where the location and size of the jump are described by regression lines. This interesting structure is shared by several structural econometric models. Two prominent examples are the standard...
Persistent link: https://www.econbiz.de/10014120006
In this paper we study estimation and inference in structural models with a jump in the conditional density, where the location and size of the jump are described by regression lines. Two prominent examples are auction models, where the density jumps from zero to a positive value, and the...
Persistent link: https://www.econbiz.de/10014088261