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The impact of downside risk on risk-adjusted performance of mutual funds in the Euronext markets

Plantinga, Auke; Sortino, Franks; Meer, Robert van der - EconWPA - 2004

Many performance measures, such as the classic Sharpe ratio have difficulty in evaluating the performance of mutual funds with skewed return distributions. Common causes for skewness are the use of options in the portfolio or superior market timing skills of the portfolio manager. In this...

Persistent link: https://www.econbiz.de/10005413128

Data Envelopment Analysis in Environmental Valuation: Environmental Performance, Eco-efficiency and Cost-Benefit Analysis

Kuosmanen, Timo; Kortelainen, Mika - EconWPA - 2004

Data Envelopment Analysis (DEA) is a linear programming based method for evaluating performance of comparable production units such as firms. Although the method is already extensively applied in many areas of economics, its use in environmental economics and related fields remains limited. The...

Persistent link: https://www.econbiz.de/10005556149

An Index of Donor Performance

Roodman, David - EconWPA - 2004

The Commitment to Development Index of the Center for Global Development rates 21 rich countries on the “development-friendliness” of their policies. It is revised and updated annually. In the 2004 edition, the component on foreign assistance combines quantitative and qualitative measures of...

Persistent link: https://www.econbiz.de/10005118812

Introducing a scale of market shocks

Zumbach, Gilles O.; Dacorogna, Michel M.; Olsen, Jorgen L. - EconWPA - 2004

Two 'event' scales for financial markets, called 'scale of market shocks' (SMS), are introduced, which measure the importance of the market movements. These indices are based on the price volatility and are computed by integrating mapped asset volatilities over time horizons that range from 1...

Persistent link: https://www.econbiz.de/10005076995

Asset measurement in the costing of government services

EconWPA; Steering Committee for the Review of … - 2001

Differences in asset measurement techniques can have a major impact on reported capital costs. Their influence on total … that different methods of asset measurement could lead to quite large variations in reported capital costs. Considered in … the context of total unit costs, however, the differences created by these asset measurement effects were relatively small …

Persistent link: https://www.econbiz.de/10005125897

The Discounted Economic Stock of Money with VAR Forecasting

Barnett, William; Chae, Unja; Keating, John - EconWPA - 2005

We measure the United States capital stock of money implied by the Divisia monetary aggregate service flow, in a manner consistent with the present-value model of economic capital stock. We permit non-martingale expectations and time varying discount rates. Based on Barnett’s (1991) definition...

Persistent link: https://www.econbiz.de/10005412591

THE HIDDEN INEQUALITY IN SOCIALISM

Henderson, David; McNab, Robert M; Rozsas, Tamas - EconWPA - 2004

In the same time period over which the former socialist countries of Eastern Europe and Central Asia became freer, measured inequality of income for those countries increased. Researchers linked the increase to the egalitarian values of socialism and to the process of economic and political...

Persistent link: https://www.econbiz.de/10005118811

Understanding Social Capital: Its Nature and Manifestiations in Rural Canada

Reimer, Bill - EconWPA - 2005

This presentation discusses an interpretation and analysis of social capital that is strongly integrated into a framework of social relations. We argue that social capital is organized in four fundamental types of social relations: market, bureaucratic, associative, and communal. Each type of...

Persistent link: https://www.econbiz.de/10005118864

Simulating the Impact of Policy upon Chronic and Transitory Poverty in Rural Pakistan

McCulloch, Neil; Baulch, Bob - EconWPA - 2000

Anti-poverty programs often seek to improve their impact by targeting households for assistance according to one or … extent to which poverty is caused by fluctuations in welfare as well as the long-run level of welfare, using the IFPRI … the poverty impact of policies designed to increase mean incomes ('growth' policies) and those designed to even out …

Persistent link: https://www.econbiz.de/10005119120

Measuring the Degree of Efficiency of Financial Market

Los, Cornelis - EconWPA - 2004

market risk is needed. This new risk concept should allow for the measurement of the degree of market efficiency, which is …

Persistent link: https://www.econbiz.de/10005561619