Similar Search Results

Bayesian Semiparametric Regression for Autoregressive Models with Possible Unit Roots

Silva, Ricardo Gonçalves - EconWPA - 2004

In this paper we consider bayesian semiparametric regression within the generalized linear model framework. Specifically, we study a class of autoregressive time series where the time trend is incorporated in a nonparametrically way. Estimation and inference where performed through Markov Chain...

Persistent link: https://www.econbiz.de/10005407984

Los Determinantes de la Inversión Extranjera de Cartera en México: Un Análisis de Corte Estructural, The determinants of foreign portfolio investment in Mexico

Diaz-Bautista, Alejandro; Chimal, Mario Alberto Rosas - EconWPA - 2005

Sumario El estudio utiliza las herramientas de series tiempo como las pruebas de raíz unitaria y corte estructural para analizar las series de los determinantes de la Inversión Extranjera de Cartera (IEC) y la misma IEC. Varias series fueron consideradas para el análisis de la IEC, entre los...

Persistent link: https://www.econbiz.de/10005408177

Least Squares Estimation and Tests of Breaks in Mean and Variance under Misspecification

Pitarakis, Jean-Yves - EconWPA - 2003

Persistent link: https://www.econbiz.de/10005556298

Narrowing the US twin deficits: simulations with a world macroeconometric model

Bagnai, Alberto; Galli, Silvia; Pierucci, Eleonora; … - EconWPA - 2004

In this paper we extend the macroeconometric model developed in Bagnai (2004) by linking it to a submodel for the Japanese economy, and we utilize this extended model to investigate several hypotheses of reduction in the US twin deficits. The Japanese submodel is specified and estimated along...

Persistent link: https://www.econbiz.de/10005556489

Convergence in West German Regional Unemployment Rates

Bayer, Christian; Juessen, Falko - EconWPA - 2004

differences are persistent, more powerful panel tests find them to be only transitory. However, these tests reveal only a moderate …

Persistent link: https://www.econbiz.de/10005118979

The Choice of Time Interval in Seasonal Adjustment: A Heuristic Approach

bruno, Giancarlo; Otranto, Edoardo - EconWPA - 2004

A typical problem of the seasonal adjustment procedures arises when the series to be adjusted is subject to structural breaks. In fact, using the full span of the series can result in a biased estimation of the ”true” seasonal adjusted series, with unclear evidence showed by the usual...

Persistent link: https://www.econbiz.de/10005119084

International Capital Mobility: Evidence from Panel Data

Jansen, W. Jos - EconWPA - 2003

Krol (1996) reports estimates of the saving-investment correlation, based on panel regressions, that are much lower … than commonly found in the literature. This note argues that this low estimate is not related to the panel estimation … technique, as Krol claims, but largely to the inclusion of Luxembourg in the sample. Panel estimation only reduces the …

Persistent link: https://www.econbiz.de/10005125535

Consumption Smoothing Channels in Open Economies

Asdrubali, Pierfederico; Kim, Soyoung - EconWPA - 2005

We recognize that intertemporal models of the current account (Frankel and Razin with Yuan 1996, or Baxter and Crucini 1993) imply a theory of consumption smoothing channels, and thus we build an empirical model on the theoretical foundations of Sachs (1982)'s optimizing model in order to...

Persistent link: https://www.econbiz.de/10005125536

Is More Mobility Good? Firm Mobility and the Low Wage-Low Productivity Trap

Seguino, Stephanie - EconWPA - 2005

empirical evidence, based on panel data fixed effects and GMM estimation for 37 semi-industrialized economies, that supports the …

Persistent link: https://www.econbiz.de/10005062582

Aggregate Scale Economies, Market Integration, and Optimal Welfare State Policy

Molana, Hassan; Montagna, Catia - EconWPA - 2005

Using a two-sector-two-country model with aggregate scale economies and unionisation, we show that optimal welfare state policy entails positive levels of unemployment benefits under free-trade and capital mobility. In this setting, economic integration does not reduce the revenue raising...

Persistent link: https://www.econbiz.de/10005408070