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Periodic Properties of Interpolated Time Series

Dezhbakhsh, Hashem; Levy, Daniel - EconWPA - 2005

interpolation on time series properties and on statistical inference. We show that linear interpolation of a trend tationary series …

Persistent link: https://www.econbiz.de/10005407951

IMMIGRANTS IN SPAIN: SKILLS ACQUISITION AND DEVELOPMENT. A REGIONAL STUDY.

Díaz-Emparanza, Ignacio; Espinosa, Alexandra M. - EconWPA - 2001

The consequences of international migration for development in countries of origin and destination remain hotly debated. The immigration flows could be considered an appropriate mechanism to contribute to the de- velopment of origin countries if origin countries recognize the qualifications of...

Persistent link: https://www.econbiz.de/10005408307

Estimating the probability of large negative stock market

Kostov, Philip; McErlean, Seamus - EconWPA - 2004

Correct assessment of the risks associated with likely economic outcomes is vital for effective decision making. The objective of investment in the stock market is to obtain positive market returns. The risk, however, is the danger of suffering large negative market returns. A variety of...

Persistent link: https://www.econbiz.de/10005413216

Selection Procedures for Order Statistics in Empirical Economic Studies

Horrace, William C. - EconWPA - 2002

In a presentation to the American Economics Association, McCloskey (1998) argued that "statistical significance is bankrupt" and that economists' time would be "better spent on finding out How Big Is Big". This brief survey is devoted to methods of determining "How Big Is Big". It is concerned...

Persistent link: https://www.econbiz.de/10005062536

ML vs GMM Estimates of Hybrid Macroeconomic Models (With an Application to the "New Phillips Curve")

JONDEAU, Eric; BIHAN, Hervé LE - EconWPA - 2003

(ML) estimator overstates (understates) the size of the forward-looking component. Monte-Carlo experiments indicate this …

Persistent link: https://www.econbiz.de/10005062538

The Determinants of Economic Well-being:An Application in the Indian States

Basu, Sudip Ranjan - EconWPA - 2005

The purpose of this paper is to explore the determinants of economic well-being. We provide a methodology to compute well-being by aggregating different socio-economic dimensions with factor analysis technique. We also estimate quality of good governance (using latent variable approach) and a...

Persistent link: https://www.econbiz.de/10005556056

Testing for Unit Roots: Mexico's GDP

Diaz-Bautista, Alejandro; Ponce, Ramon A. Castillo - EconWPA - 2003

The study presents an analysis of the stochastic nature of the gross domestic product of Mexico for the period 1900-2001. Several specifications to test for the existence of unit roots are presented. The conventional tests, Dickey Fuller, Augmented Dickey Fuller and Phillips Perron, indicate...

Persistent link: https://www.econbiz.de/10005556262

Relative Efficiency with Equivalence Classes of Asymptotic Covariances

Mandy, David M.; Martins-Filho, Carlos - EconWPA - 1998

White's (1984) concept of asymptotic variance is shown to allow some ambiguities when used to study asymptotic efficiency. These ambiguities are resolved with some mild conditions on the estimators being studied, because then White's asymptotic variance is an equivalence class in which...

Persistent link: https://www.econbiz.de/10005556269

Sound and Fury: McCloskey and Significance Testing in Economics

Hoover, Kevin D.; Siegler, Mark V. - EconWPA - 2005

For about twenty years, Deidre McCloskey has campaigned to convince the economics profession that it is hopelessly confused about statistical significance. She argues that many practices associated with significance testing are bad science and that most economists routinely employ these bad...

Persistent link: https://www.econbiz.de/10005556274

The Large Sample Behaviour of the Generalized Method of Moments Estimator in Misspecified Models

Hall, Alastair R.; Inoue, Atsushi - EconWPA - 2005

This paper presents the limiting distribution theory for the GMM estimator when the estimation is based on a population … moment condition which is subject to non--local (or fixed) misspecification. It is shown that if the parameter vector is … specified models. Specifically, the rate of convergence of the estimator depends on the rate of convergence of the weighting …

Persistent link: https://www.econbiz.de/10005556308