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misspecification. We find that, using a nonparametric HAR-RV (NPHAR-RV), we are unable to reject the null of linearity. …
Persistent link: https://www.econbiz.de/10010939493
We develop a nonparametric test to check whether a process can be represented by a stochastic differential equation …
Persistent link: https://www.econbiz.de/10010608470
We test the accuracy and hedging performance of the deltas given by a range of nonparametric measure changes. The … nonparametric models accurately estimate deltas across a number of asset price dynamics. The optimal nonparametric measure change …
Persistent link: https://www.econbiz.de/10010679286
China's central government incrementally introduced various kinds of student financial aid since the late 1990s in response to public concerns about the rising burden of college prices. Despite the marked increase in financial assistance from governmental as well as non-governmental sources in...
Persistent link: https://www.econbiz.de/10010591936
This paper relaxes the assumption of homogeneous rates of return to schooling by employing nonparametric kernel …
Persistent link: https://www.econbiz.de/10010573423
This paper applies a local-linear non-parametric kernel regression technique to examine the effect of macroeconomic …
Persistent link: https://www.econbiz.de/10011078560
parametric time series analysis with nonparametric local linear kernel regression. The evidence from the two seemingly competing … approaches (parametric versus nonparametric), complemented each other in this paper. However, the nonparametric model provided … growth from both the parametric and nonparametric models. …
Persistent link: https://www.econbiz.de/10011096442
This paper uses Johansen’s co-integration analysis and a vector error-correction model to investigate the relationship between economic growth, export growth, export instability and gross fixed capital formation (investment) in India during the period 1971- 2005. The empirical results suggest...
Persistent link: https://www.econbiz.de/10011213015
Empirical analyses of Cagan's money demand schedule for hyper-inflation have largely ignored the explosive nature of hyper-inflationary data. It is argued that this contributes to an (i) inability to model the data to the end of the hyper-inflation, and to (ii) discrepancies between 'estimated'...
Persistent link: https://www.econbiz.de/10005082990
This article challenges the assumption that the factors associated with the self-employment choices of women differ from those of men; specifically, we test the extent to which women are influenced by standard economic factors compared with family and social issues. We find that economic factors...
Persistent link: https://www.econbiz.de/10010752994