Showing 1 - 10 of 117
Persistent link: https://www.econbiz.de/10001742267
Persistent link: https://www.econbiz.de/10002727312
This paper applies the model confidence sets (MCS) procedure to a set of volatility models. A MSC is analogous to a confidence interval of parameter in the sense that the former contains the best forecasting model with a certain probability. The key to the MCS is that it acknowledges the...
Persistent link: https://www.econbiz.de/10014048659
Economic convergence at the sub-national level could have spatially explicit manifestations reflecting convergence clubs and other forms of geographical clustering that are not captured by an overall inequality measure. By decomposing the Theil index of per capita income inequality into between...
Persistent link: https://www.econbiz.de/10014053609
The Poisson distribution, in general remains sensitive to small departure of frequencies especially at the right tail of the distribution. In many situations it may happen that the Generalized Poisson Distribution (GPD) or a compound distribution provides a closer fit to a frequency distribution...
Persistent link: https://www.econbiz.de/10014194324
A common structure for points schemes is proposed. Data generated from points schemes can identify structural parameters. FIML estimation is discussed and examples given. The main barrier to estimation is computational time
Persistent link: https://www.econbiz.de/10014203183
The use of simple and multiple correspondence analysis is well-established in social science research for understanding relationships between two or more categorical variables. By contrast, canonical correspondence analysis, which is a correspondence analysis with linear restrictions on the...
Persistent link: https://www.econbiz.de/10014206233
Stein (1972, 1986) provides a flexible method for measuring the deviation of any probability distribution from a given distribution, thus effectively giving the upper bound of the approximation error which can be represented as the expectation of a Stein's operator. Hosking (1990, 1992) proposes...
Persistent link: https://www.econbiz.de/10014215045
We propose two indexes to measure the agglomeration forces acting within and between different regions. Unlike the existing measures of agglomeration, our model-based indexes allow for simultaneous treatment of both aspects. Local plant diffusion in a given industry is modelled as a spatial...
Persistent link: https://www.econbiz.de/10014216580
The case of two transition tables is considered, that is two square asymmetric matrices of frequencies where the rows and columns of the matrices are the same objects observed at three different time points. Different ways of visualizing the tables, either separately or jointly, are examined. We...
Persistent link: https://www.econbiz.de/10014220865