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I initiate the discussion with a few general remarks on industrial clusters and commodity chains. I describe the main features of the shoe industry in the Philippines. The core of the industry is located in Marikina City in the northeast of the Manila Metropolitan Area. I provide a detailed...
Persistent link: https://www.econbiz.de/10005556210
It is well-known in evolutionary game theory that population clustering in Prisoner Dilemma games allows some … cooperative strategies to invade populations of stable defecting strategies. We adapt this idea of population clustering to a two … clustering to bargaining environments sustains cooperative play analogous to the situation in finitely repeated PD games. …
Persistent link: https://www.econbiz.de/10005125594
This paper presents a procedure for clustering analysis that combines Kohone’s Self organizing Feature Map (SOFM) and … procedure outperformed others clustering techniques in the job of identifying consistent groups of countries from the economic …
Persistent link: https://www.econbiz.de/10005412997
Persistent link: https://www.econbiz.de/10005118756
We investigate the issue of model uncertainty in cross-country growth regressions using Bayesian Model Averaging (BMA). We find that the posterior probability is very spread among many models suggesting the superiority of BMA over choosing any single model. Out-of-sample predictive results...
Persistent link: https://www.econbiz.de/10005556336
We investigate the issue of model uncertainty in cross-country growth regressions using Bayesian Model Averaging (BMA). We find that the posterior probability is very spread among many models suggesting the superiority of BMA over choosing any single model. Out-of-sample predictive results...
Persistent link: https://www.econbiz.de/10005407952