Similar Search Results

Specification testing of production in a stochastic frontier model

Guo, Xu; Li, Gao-Rong; McAleer, Michael; Wong, Wing Keung - 2017

Parametric production frontier functions are frequently used in stochastic frontier models, but there do not seem to be any empirical test statistics for its plausibility. To bridge the gap in the literature, we develop two test statistics based on local smoothing and an empirical process,...

Persistent link: https://www.econbiz.de/10011739112

Poorly measured confounders are more useful on the left than on the right

Pei, Zhuan; Pischke, Jörn-Steffen; Schwandt, Hannes - 2017

Persistent link: https://www.econbiz.de/10011635092

A simple specification test for models with many conditional moment inequalities

Marcoux, Mathieu; Russell, Thomas M.; Wan, Yuanyuan - 2023

Persistent link: https://www.econbiz.de/10014428523

Investigating chaos in the Nigerian Asset and Resource Management (ARM) discovery fund

Fuwape, Ibiyinka A.; Ogunjo, Samuel T. - In: CBN Journal of Applied Statistics 04 (2013) 2, pp. 129-140

This paper investigates chaos in a Nigerian mutual fund, Asset and Resource Management Company Limited (ARM) for a …

Persistent link: https://www.econbiz.de/10011482594

Saddle cycles: Solving rational expectations models featuring limit cycles (or chaos) using perturbation methods

Galizia, Dana - In: Quantitative Economics 12 (2021) 3, pp. 869-901

(e.g., via limit cycles/chaos). A popular approach to solving nonlinear models is perturbation methods. I show that, as … typically implemented, these methods are incapable of finding solutions featuring limit cycles or chaos. Fundamentally …

Persistent link: https://www.econbiz.de/10013189757

Unconventional means of preventing chaos in the economy

Doncean, Gheorghe; Doncean, Marilena - In: CES Working Papers 13 (2021) 2, pp. 197-212

This research explores five barriers, acting as obstacles to chaos in terms of policy (A), economic (B), social (C … state of the systems is then presented, the element that generates the mathematical equation specific to chaos, the block … through its components and for different economic partners, the state of chaos is explained by means of a structure with …

Persistent link: https://www.econbiz.de/10014496793

Counter intuitive results in a simple model of wage negotiations

Houba, Harold; Lomwel, Gijsbert van - 1998

Short-term contracts and exogenous productivity growth are introduced in asimple wage bargaining model. The equilibrium utilities corresponding tomilitant union behaviour are independent of the contract length. The wagedynamics are linear if strike is credible (low wage shares) and...

Persistent link: https://www.econbiz.de/10011299962

Stability, chaos and multiple attractors: A single agent makes a difference

Onozaki, Tamotsu; Sieg, Gernot; Yokoo, Masanori - 2001

This paper provides an example in which a slight behavioral heterogeneity may fundamentally change the qualitative properties of a nonlinear cobweb market with a quadratic cost function and an isoelastic demand function. We consider two types of producers; adaptive and naive. In a market of...

Persistent link: https://www.econbiz.de/10010477502

Technology choice, externalities in production, and chaotic middle-income traps

Asano, Takao; Shibata, Akihisa; Yokoo, Masanori - 2022

Persistent link: https://www.econbiz.de/10013184257

Monetary and fiscal policy in a nonlinear model of public debt

Bischi, Gian Italo; Giombini, Germana; Travaglini, Giuseppe - 2022

Persistent link: https://www.econbiz.de/10013189854