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One of the most enduring problems in cross-section or panel data models is heterogeneity among individual observations. Different approaches have been proposed to deal with this issue, but threshold regression models offer intuitively appealing econometric methods to account for heterogeneity....
Persistent link: https://www.econbiz.de/10005038965
This paper develops an approach to empirically demonstrate how the within-season distribution of U.S. domestic commodity support for corn differs between current-style approaches of support and revenue-based support. From a purely economic standpoint, the results show the revenue-based payment...
Persistent link: https://www.econbiz.de/10005039013
panel data for 1993-2006 for farms in Southern Minnesota. Bootstrap methods were used to estimate confidence intervals for …
Persistent link: https://www.econbiz.de/10005012624
This study analyzes difference in efficiency among the U.S. rural hospitals using a two-stage, semi-parametric approach. Data Envelopment Analysis is used in the first stage to calculate cost, technical and allocative efficiencies of Critical Access Hospitals (CAH) and non-CAH rural hospitals....
Persistent link: https://www.econbiz.de/10009020550
This study examines technical efficiency of Critical Access Hospitals (CAH) using a two-stage approach and bootstrap … second stage, efficiency scores are regressed on environmental variables using a truncated regression with bootstrap …. Alternatively, a double bootstrap procedure is used, where bias-corrected DEA efficiency scores, obtained by means of bootstrap in …
Persistent link: https://www.econbiz.de/10009020974
Using monthly data covering 1974:1 to 2002:12, this paper explores the linkage between changes in macroeconomic variables (real exchange rate and inflation rate) and changes in relative agricultural prices in different time horizons (1, 12, 24, 36, 48, and 60 months). By controlling factors that...
Persistent link: https://www.econbiz.de/10005327313
. Johansen cointegration tests revealed no cointegrating relationships during the 2003-2005 time frame. However, corn prices and …
Persistent link: https://www.econbiz.de/10005476747
data are analyzed using cointegration and error correction to assess causality in differentiating between technological …
Persistent link: https://www.econbiz.de/10005477002
We use a smooth transition vector error correction model to assess price relationships within the US ethanol industry. Daily ethanol, corn and oil futures prices observed from mid-2005 to mid-2007 are used in the analysis. Results indicate the existence of an equilibrium relationship between...
Persistent link: https://www.econbiz.de/10005483445
The performance of the FPE, AIC, HQ and SC criteria in choosing lag-length, and the effect on the impulse-response functions, are studied in a Monte Carlo simulation. The experiments include stationary, cointegrated, and mixed unit root VAR and MA cases.
Persistent link: https://www.econbiz.de/10005494076