A partir d'une description detaillee du deroulement concret des activites bord a quai, sur un terminal a conteneurs, des outils econometriques simples sont mis en oeuvre pour elucider les relations fonctionnelles entre les facteurs de production. La robustesse du modele de production propose est...

We introduce non-nested hypothesis tests using indirect simulation-based estimation procedures.

We develop a new methodology that measures conditional dependency. We achieve this by using copula functions that link marginal distributions, here chosen to obey a GARCH-type model with time-varying skewness and kurtosis. We apply this model to daily returns of stock-market indices. We find...

This paper proposes a semiparametric proportional hazard model for bivariate duration data in the analysis of two-component systems. Examples include the two infection times of the left and the right kidneys of patients and the two retirement times of married couples. As a generalization of the...

We consider whether the introduction of the psychological concept of loss aversion into agents' preferences could generate a macroeconomic model in which changes in the money supply can have real, persistent effects. It is demonstrated that the macroeconomic implications of loss aversion depend...

A general model of derived demand linkages in terms of technological interdependence of both the segments -modern and traditional- of a dual economy is developed.

In an economy with one riskless and one risky asset, we compare the Sharpe ratios of investment funds that allow: i) timing strategies which forecast the market using simple regressions; ii) a strategy which uses multiple regression instead; and iii) a passive allocation which combines the funds in...

This paper analyzes the relationship between age-specific fertility, mortality and real wages in Sweden during the demographic transition. We take an overlapping generations model of life cycle fertility and fit it to actual Swedish time-series data over the past two and a half centuries. The...

This paper investigates the influence of individual characteristics and the business cycle on the probability of entry into self-employment and on self-employment duration. We estimate multinomial logit and discrete competing risks models using data from a longitudinal sample of Spanish men for...