Showing 1 - 10 of 121
We employ a non-parametrical approach to growth accounting (Data Envelopment Analysis, DEA) to disentangle the … proximate sources of labour productivity growth in 41 nations between 1929 and 1950 by decomposing productivity growth into four … capital accumulation. We show that efficiency catch-up generally explains productivity growth, whereas technological change …
Persistent link: https://www.econbiz.de/10005772233
A family of scaling corrections aimed to improve the chi-square approximation of goodness-of-fit test statistics in small samples, large models, and nonnormal data was proposed in Satorra and Bentler (1994). For structural equations models, Satorra-Bentler's (SB) scaling corrections are...
Persistent link: https://www.econbiz.de/10005704904
We consider the application of normal theory methods to the estimation and testing of a general type of multivariate regression models with errors--in--variables, in the case where various data sets are merged into a single analysis and the observable variables deviate possibly from normality....
Persistent link: https://www.econbiz.de/10005827476
We extend to score, Wald and difference test statistics the scaled and adjusted corrections to goodness-of-fit test statistics developed in Satorra and Bentler (1988a,b). The theory is framed in the general context of multisample analysis of moment structures, under general conditions on the...
Persistent link: https://www.econbiz.de/10005772325
Standard methods for the analysis of linear latent variable models often rely on the assumption that the vector of observed variables is normally distributed. This normality assumption (NA) plays a crucial role in assessing optimality of estimates, in computing standard errors, and in designing...
Persistent link: https://www.econbiz.de/10005572637
financial integration on the two main determinants of economic performance: productivity (TFP)and investments. I provide … has a positive direct effect on productivity, while it spurs capital accumulation only with some delay and indirectly …, since capital follows the rise in productivity. I control for indirect effects of financial globalization through banking …
Persistent link: https://www.econbiz.de/10005772531
The choice network revenue management (RM) model incorporates customer purchase behavior as customers purchasing products with certain probabilities that are a function of the offered assortment of products, and is the appropriate model for airline and hotel network revenue management, dynamic...
Persistent link: https://www.econbiz.de/10010849604
The choice network revenue management model incorporates customer purchase behavior as a function of the offered products, and is the appropriate model for airline and hotel network revenue management, dynamic sales of bundles, and dynamic assortment optimization. The optimization problem is a...
Persistent link: https://www.econbiz.de/10010849611
The network revenue management (RM) problem arises in airline, hotel, media, and other industries where the sale products use multiple resources. It can be formulated as a stochastic dynamic program but the dynamic program is computationally intractable because of an exponentially large state...
Persistent link: https://www.econbiz.de/10009650740
Models incorporating more realistic models of customer behavior, as customers choosing from an offer set, have recently become popular in assortment optimization and revenue management. The dynamic program for these models is intractable and approximated by a deterministic linear program called...
Persistent link: https://www.econbiz.de/10009493743