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AN OPERATIONAL APPROACH FOR EVALUATING INVESTMENT RISK: AN APPLICATION TO THE NO-TILL TRANSITION

Upadhyay, Bharat M.; Young, Douglas L. - EconWPA - 2004

Roy’s safety-first rule is used to provide measures popular with farmers of short and long term business risk … inter-year financial risk than other commonly used criteria. Results revealed that speed of adoption influenced the … greater chance of transition success. Slow acreage expansion with a custom or rental drill reduces risk until a no-till yield …

Persistent link: https://www.econbiz.de/10005407764

Chinese Poverty: Assessing the Impact of Alternative Assumptions

Reddy, Sanjay G.; Minoiu, Camelia - EconWPA - 2005

This paper investigates how estimates of the extent and trend of income poverty in China between 1990 and 2001 vary as a result of alternative plausible assumptions concerning key parameters that influence the poverty line and estimated consumption levels. Our methodology focuses on the...

Persistent link: https://www.econbiz.de/10005135025

Has world poverty really fallen during the 1990s?

Reddy, Sanjay G.; Minoiu, Camelia - EconWPA - 2005

We evaluate the claim that world consumption poverty has fallen during the 1990s in light of alternative assumptions about the extent of initial poverty and the rate of subsequent poverty reduction in China, India, and the rest of the developing world. We assess the extent of poverty using two...

Persistent link: https://www.econbiz.de/10005062424

Some practical issues in the evaluation of heterogeneous labour market programmes by matching methods

Lechner, Michael - EconWPA - 2005

Recently, several studies have analysed active labour market policies by using a recently proposed matching estimator for multiple programmes. Since there is only very limited practical experience with this estimator, this paper checks its sensitivity with resprect to issues that are of...

Persistent link: https://www.econbiz.de/10005556790

Modeling the risk process in the XploRe computing environment

Burnecki, Krzysztof; Weron, Rafal - EconWPA - 2005

A user friendly approach to modeling the risk process is presented. It utilizes the insurance library of the XploRe … empirical analysis for Danish ﬁre losses for the years 1980-90 is conducted and the best fitting of the risk process to the data …

Persistent link: https://www.econbiz.de/10005124987

Panel Unit Roots Tests for Cross-Sectionally Correlated Panels: A Monte Carlo Comparison

Gutierrez, Luciano - EconWPA - 2003

This paper deals with the finite sample performance of a set of unit root tests for cross correlated panels. As is well known, univariate tests are not powerful to reject the null of a unit root for the usual economic variables while panel tests, by exploiting the large number of cross-section...

Persistent link: https://www.econbiz.de/10005407993

Simulation-Based Pricing of Convertible Bonds

Ammann, Manuel; Kind, Axel; Wilde, Christian - EconWPA - 2005

We propose and empirically study a pricing model for convertible bonds based on Monte Carlo simulation. The method uses parametric representations of the early exercise decisions and consists of two stages. Pricing convertible bonds with the proposed Monte Carlo approach allows us to better...

Persistent link: https://www.econbiz.de/10005413169

A Nonparametric Way of Distribution Testing

Kilic, Ekrem - EconWPA - 2005

Testing the distribution of a random sample can be considered ,indeed, as a goodness-of-fit problem. If we use the nonparametric density estimation of the sample as a consistent estimate of exact distribution, the problem reduces, more specifically, to the distance of two functions. This paper...

Persistent link: https://www.econbiz.de/10005119063

Risk Analysis in Investment Appraisal

Savvides, Savvakis C. - EconWPA - 2004

as applied in the evaluation of investment projects to analyse and assess risk. The first part of the paper highlights … the importance of risk analysis in investment appraisal. The second part presents the various stages in the application of … the risk analysis process. The third part examines the interpretation of the results generated by a risk analysis …

Persistent link: https://www.econbiz.de/10005561672

NEW PRODUCT DEVELOPMENT & MANAGEMENT OF KNOWLEDGE IN PORTUGUESE HIGHER EDUCATION

Batiz-Lazo, Bernardo; Gomes, Jorge; Mendes, Maria - EconWPA - 2002

This chapter uses key concepts in the knowledge management literature to analyse the procedures and practices used by a project management team to identify, create, store, disseminate, and apply knowledge management systems for successful project completion. This project allowed a long...

Persistent link: https://www.econbiz.de/10005412984