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A new approach to bootstrap inference in functional coefficient models
Herwartz, Helmut; Xu, Fang - 2007
We introduce a new, factor based bootstrap approach which is robust under heteroskedastic error terms for inference in functional coefficient models. Modeling the functional coefficient parametrically, the bootstrap approximation of an F statistic is shown to hold asymptotically. In simulation...
Persistent link: https://www.econbiz.de/10010296279
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Neoclassical convergence versus technological catch-up: A contribution for reaching a consensus
Desdoigts, Alain - 2002
New macro empirical evidence is provided to assess the relative importance of object and idea gaps in explaining the world income distribution dynamics over a benchmark period 1960-1985. Results are then extended through 1995. Formal statistical hypothesis tests allow us to discriminate between...
Persistent link: https://www.econbiz.de/10011335676
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Non-parametric inference for the effect of a treatment on survival times with application in the health and social sciences
Luna, Xavier de; Johansson, Per - 2009
In this paper we perform inference on the effect of a treatment on survival times in studies where the treatment assignment is not randomized and the assignment time is not known in advance. Two such studies are discussed: a heart transplant program and a study of Swedish unemployed eligible for...
Persistent link: https://www.econbiz.de/10010269367
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Wealth effects in emerging market economies
Peltonen, Tuomas A.; Sousa, Ricardo M.; Vansteenkiste, … - 2009
We build a panel of 14 emerging economies to estimate the magnitude of housing, stock market, and money wealth effects on consumption. Using modern panel data econometric techniques and quarterly data for the period 1990:1-2008:2, we show that: (i) wealth effects are statistically significant...
Persistent link: https://www.econbiz.de/10011605046
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A functional coefficient model view of the Feldstein-Horioka puzzle
Herwartz, Helmut; Xu, Fang - 2007
What does the saving-investment (SI) relation really measure and how should the (SI) relation be measured? These are two of the most discussed issues triggered by the so called Feldstein-Horioka puzzle. Based on panel data we introduce a new variant of functional coefficient models that allow to...
Persistent link: https://www.econbiz.de/10010296278
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Regional analysis of Eastern province feeder road project
Kingombe, Christian K.M. - 2012
micro level within a country as particularly questions of parameter heterogeneity and unobserved heterogeneity are likely to …
Persistent link: https://www.econbiz.de/10010316726
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Exports versus FDI revisited: does finance matter?
Buch, Claudia M.; Kesternich, Iris; Lipponer, Alexander; … - 2010
The crisis on international financial markets that started in 2007 has shown the potential links between the financial sector and the real economy. Exports and foreign direct investment (FDI) have declined, presumably not only because of a lack of demand, but also because of restricted access of...
Persistent link: https://www.econbiz.de/10010299990
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On the heterogeneity of Terror
Kis-Katos, Krisztina; Liebert, Helge; Schulze, Günther - 2012
between different types of terror. This paper explicitly addresses the heterogeneity of terror by classifying groups according …
Persistent link: https://www.econbiz.de/10010325137
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US shocks and global exchange rate configurations
Fratzscher, Marcel - 2007
The paper analyses the heterogeneity in the link between macroeconomic fundamentals and exchange rates. For a set of … exchange rate configurations over the past 25 years. Despite a significant decline over time, this heterogeneity remains high … effective US dollar exchange rate. The paper finds that this heterogeneity is not only due to policy choices of inflexible …
Persistent link: https://www.econbiz.de/10011604881
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Financial shocks and the macroeconomy: heterogeneity and non-linearities
Hubrich, Kirstin; D’Agostino, Antonello; Cervená, … - 2013
on output over the full sample on average? 2) Are financial developments leading real activity? 3) Is there heterogeneity …
Persistent link: https://www.econbiz.de/10011606295