The study endeavors to break down output growth in the Indian sugar industry into the ‘perspiration’ component that corresponds to factor accumulation and the ‘inspiration’ component that corresponds to the total factor productivity (TFP) growth. The bootstrapped Malmquist productivity...

The Long-term Agricultural Outlook model (LAO) is a long-run partial equilibrium trade model developed by the OECD as a complementary modelling tool to AGLINK-COSIMO, a more detailed partial equilibrium model used to develop ten-year projections for agricultural markets, as reported in the...

The aim of this paper is to show that random matrix theory (RMT) can be a useful addition to the economist?s tool-kit in the analysis of macro-economic time series data. A great deal of applied economic work relies upon empirical estimates of the correlation matrix. However due to the finite...

This paper focuses on fraud detection in surveys using Socio-Economic Panel (SOEP) data as an example for testing newlymethods proposed here. A statistical theoremreferred to as Benford’s Law states that in many sets of numerical data, the significant digits are not uniformly distributed, as...

This special issue of the Journal of Economics and Statistics is devoted to the use of agent-based models for economic policy advice. It presents a collection of research papers in different fields of applications. Special emphasis is laid on discussing the potential and possible limitations of...

Las matrices de contabilidad social constituyen bases de datos que incorporan gran cantidad de información económica. Uno de los aspectos más relevantes de estas matrices es su énfasis en el sector hogares, incorporando generalmente una desagregación del mismo en diferentes grupos de...

The aim of this paper is to determine the factors that underlie to the changes in the linear multipliers corresponding to the social accounting matrix (SAM) framework. The differences between two matrices of multipliers are divided into two separated components; the first one shows the...

This article discusses a class of risk-sensitive portfolio optimisation problem in the finite horizon. Our market consists of stocks and a saving account with the underlying spot interest rate being governed by an stochastic differential equation (SDE). We prove the existence of optimal...

El problema del líder-seguidor es un problema de decisión secuencial en un mercado sin centros de servicio, donde una empresa, la empresa líder, abre primero sus centros y otra empresa competidora, la empresa seguidora, entra más tarde en el mercado abriendo los suyos. La empresa líder...

The Australian electricity industry experienced significant structural change during the 1990s mainly as a result of microeconomic reform. We analyse the effects of the structural change on the distribution of household income using a macro–micro approach. Our work shows that, nationwide, all...