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Schroeder, Gerhard - EconWPA - 2005

Critics regarding the Black and Scholes model aren't new. The model was about of being labelled 'historic'. It is new now that the model has become an auto-nomous, unreflected item in international accounting standards and law allowing "creative" accounting. There is no economial relation...

Persistent link: https://www.econbiz.de/10005125491

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

Structural Changes in NICs: Some Evidences on Attractor Points

Abbasi-Nejad, Hossein; Mohammadi, Shapour - EconWPA - 2005

In this paper we develop a regression and a kernel density based model for finding fixed points and attractors of dynamical systems to explore attractors of structural change for NICs. The results show that countries consume longer time in some structures than the others. This can be interpreted...

Persistent link: https://www.econbiz.de/10005119064

The Unscientific Incompleteness and Bias of Unidirectional Projections (= Regressions): A Questionnaire

Los, Cornelis A - EconWPA - 2004

Why do statisticians (econometricians, economists, financial analysts, etc.) continue to incompletely identify the algebraic/geometric structure of the multi-variate data series they profess to analyze, and instead continue to publish the results of incomplete, prejudiced and biased...

Persistent link: https://www.econbiz.de/10005119108

Structural Changes in NICs: Some Evidences on Attractor Points

Abbasi-Nejad, Hossein; Mohammadi, Shapour - EconWPA - 2005

Persistent link: https://www.econbiz.de/10005119174

Greenhouse gas emissions and the productivity growth of electricity generators

Murtough, Greg; Appels, David; Matysek, Anna; Lovell, … - EconWPA - 2002

This paper analyses electricity generation in four Australian states and the Northern Territory in the late 1990s It finds that productivity growth estimates for electricity generators can change significantly when allowance is made for greenhouse gas emissions. Using an innovative analytical...

Persistent link: https://www.econbiz.de/10005556143

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