Showing 1 - 10 of 11
This paper investigates a comprehensive assessment of firm strategic behavior under financial market uncertainty. A general theoretical model of market value maximization (MVM) is constructed using a traditional capital asset pricing format. The model built on the nonlinear Almost Ideal Demand...
Persistent link: https://www.econbiz.de/10005327298
The monetary policy reaction function of the Bank of England is estimated by the standard GMM approach and the ex … transmission mechanism, while the GMM approach produces an implausibly slow adjustment of the interest rate, and suffers from a …
Persistent link: https://www.econbiz.de/10010878959
The monetary policy reaction function of the Bank of England is estimated by the standard GMM approach and the ex … transmission mechanism, while the GMM approach produces an implausibly slow adjustment of the interest rate, and suffers from a …
Persistent link: https://www.econbiz.de/10010879002
levels and monetary sanctions have no deterrence effect. On the contrary, GMM suggests that non-monetary sanctions have no …
Persistent link: https://www.econbiz.de/10010881078
has a reducing effect on investment. The presence of this constraint is tested for using GMM structural break tests. The …
Persistent link: https://www.econbiz.de/10005807735
This version of the paper is subject to changes.
Persistent link: https://www.econbiz.de/10005012634
relationship of farm acreage with housing permit values. The Arellano-Bond dynamic panel estimator is used within a GMM framework …
Persistent link: https://www.econbiz.de/10005038926
This study develops a dynamic multi-output model of farmers crop allocation decisions that allows estimation of both short-run and long-run adjustments to a wide array of economic incentives. The method can be used to inform decision makers on a number of issues including agricultural policy...
Persistent link: https://www.econbiz.de/10005038983
Since 2004 there has been a sharp decrease in border protection for the EU rice industry. Because the EU grants trade preferences to a considerable number of rice exporting developing countries, the reform implied preference erosion as well. By addressing the impact of preference erosion on...
Persistent link: https://www.econbiz.de/10009021076
equations. The GMM estimation method is then applied to input equations to estimate risk preferences. The procedure is validated …
Persistent link: https://www.econbiz.de/10011068867