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Maximal Invariant Likelihood Based Testing of Semi-Linear Models
King, Maxwell L.; Bhowmik, Jahar L. - Econometric Society - 2004
In this paper, we use a maximal invariant likelihood (MIL) to construct two likelihood ratio (LR) tests. The first involves testing for the inclusion of a non-linear regressor and the second involves testing of a linear regressor against the alternative of a non-linear regressor. We report the...
Persistent link: https://www.econbiz.de/10005702539
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Mortality Reductions, Educational Attainment, and Fertility Choice
Soares, Rodrigo R. - Econometric Society - 2004
This paper explores the role of life expectancy as a determinant of educational attainment and fertility, both during … similar effects -- or may only affect fertility -- depending on the nature of the costs of raising children. This setup can … explain both the demographic transition and the recent behavior of fertility in ``post-demographic transition'' countries …
Persistent link: https://www.econbiz.de/10005328953
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The Impact of Chronic Disease Burden on Education, Fertility and Economic Growth – Evidence from the American South
Lange, Fabian; Bleakley, Hoyt - Econometric Society - 2004
This study contains evidence on the importance of chronic disease burden on human-capital and fertility decisions in … present study shows that this increase in human capital was accompanied by a fertility decrease that was both economically and … statistically significant. A decline in the hookworm infection rate from 40 to 20% is associated with a decline in fertility that …
Persistent link: https://www.econbiz.de/10005329009
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Exchange Rate Volatility and Trade among the Asia Pacific Countries
Baak, SaangJoon - Econometric Society - 2004
The purpose of this paper is to investigate the impact of exchange rate volatility on exports among 14 Asia Pacific countries, where various measures to raise the intra-region trade are being implemented. The empirical tests using annual data for the period from 1980 to 2002 detect a significant...
Persistent link: https://www.econbiz.de/10005342350
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Specification Testing for Multivariate Time Series Volatility Models
Lee, Yoon-Jin; Hong, Yongmiao - Econometric Society - 2004
Volatility models have been playing an important role in economics and finance. Using a multivariate generalized spectral approach, we propose a new class of generally applicable omnibus tests for univariate and multivariate volatility models. Both GARCH models and stochastic volatility models...
Persistent link: https://www.econbiz.de/10005342373
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On the Asymptotic Efficiency of GMM
Florens, Jean-Pierre; Carrasco, Marine - Econometric Society - 2004
This paper derives conditions under which the generalized method of moments (GMM) estimator is as efficient as the maximum likelihood estimator (MLE). The data are supposed to be drawn from a parametric family and to be stationary Markov. We study the efficiency of GMM in a general framework...
Persistent link: https://www.econbiz.de/10005129817
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Does Price Matter? Price and Non-price Competition in the Airline Industry
Gayle, Philip G. - Econometric Society - 2004
This paper studies passengers' choice behavior in air travel. Products are defined as a unique combination of airline and flight itinerary while markets are defined as a directional round-trip air travel between an origin and a destination city. A structural econometric model is used to...
Persistent link: https://www.econbiz.de/10005130226
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Endogenous Policy and Cross-Country Growth Empirics
G? Rehme - Econometric Society - 2004
This paper presents an accumulation-driven growth model where investment depends on public policy which in turn depends on economically important fundamentals. It is argued that conditioning on factor accumulation in growth regressions that also include policy variables may be problematic. When...
Persistent link: https://www.econbiz.de/10005702674
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An empirical examination of household public goods provision
Yamada, Ken; Naito, Hisahiro - Econometric Society - 2004
Households have many economic roles in society. One of such roles is to share household-level public goods that are jointly consumed by members of the household. Several theoretical models have been proposed in the literature: the unitary model, the non-cooperative game theoretical model and the...
Persistent link: https://www.econbiz.de/10005342202
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Better Husbands or Better Jobs: The Dynamics of Women’s College Attendance Decisions
Ge, Suqin - Econometric Society - 2004
I develop and structurally estimate a sequential model of school attendance, employment and marital choices of young women to investigate the determinants of women’s college attendance decisions. The environment that individuals in this model face is rich. Investments in schooling and...
Persistent link: https://www.econbiz.de/10005342269