This paper proposes using the Gaussian approximation, also known as quantile coupling, to estimate a quantile model. The quantile coupling allows one to apply the standard Gaussian-based estimation and inference to the transformed data set. The resulting estimator is asymptotically normal with a...

Estimation of the quantile model, especially with a large data set, can be computationally burdensome. This paper proposes using the Gaussian approximation, also known as quantile coupling, to estimate a quantile model. The intuition of quantile coupling is to divide the original observations...

In this paper, we propose a flexible, parametric class of switching regime models allowing for both skewed and fat-tailed outcome and selection errors. Specifically, we model the joint distribution of each outcome error and the selection error via a newly constructed class of multivariate...

H-type finned tube heat exchanger elements maintain a high capacity for heat transfer, possess superior self-cleaning properties and retain the ability to effect flue gas waste heat recovery in boiler renovations. In this paper, the heat transfer and pressure drop characteristics of H-type...

The book explores the implications of both the extension of the market into key parts of the Chinese economy and the integration of China into the global economy. The main focus of the book is on the role and nature of China’s financial system and its ability to transform enterprise and...

The slagging and fouling characteristics of the heat recovery steam generator (HRSG) for ferrosilicon electric furnaces are discussed in this paper. Three ash samples were taken from the HRSG of a ferrosilicon furnace in Ningxia Province, China, which suffered from serious slagging and fouling....

One possible consequence of the establishment of the Euro is a challenge to the hegemony of the US dollar as the predominant international currency. No other currency has been able to rival the international role of the national currency of the US since World War II. The fact that the unipolar...

This study examines the bilateral relations between three pairs of stock markets, namely India-U.S., India-China and China-U.S. We use a Fractionally Integrated Vector Error Correction Model (FIVECM) to examine the cointegration mechanism between markets. By augmenting the FIVECM with a...

The establishment of the Euro could present a challenge to the hegemony of the US Dollar as the predominant international currency. The fact that the unipolar US Dollar dominated international monetary system can be unstable in the presence of large shocks presents an opportunity for the Euro to...

Sampling units for the 2013 Methods-of-Payment Survey were selected through an approximate stratified random sampling design. To compensate for non-response and non-coverage, the observations are weighted through a raking procedure. The variance estimation of weighted estimates must take into...