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classes of welfare functions. We conduct bootstrap tests for the existence of first and second order stochastic dominance …
Persistent link: https://www.econbiz.de/10005649264
This note proposes a tool to investigate and demonstrate the adequacy of the central limit theorem in small samples. The suggested testing procedure provides a method to investigate if the mean estimator is approximately normally distributed, given data and sample size at hand. This is important...
Persistent link: https://www.econbiz.de/10005207190
heteroskedasticity. In order to correct the test we propose a parametric bootstrap. It is shown, by means of Monte Carlo methods, that … the bootstrap test is almost exact. …
Persistent link: https://www.econbiz.de/10005207191
deviate from the anticipated asymptotic one. However, by applying bootstrap methods it seems that proper critical values can …
Persistent link: https://www.econbiz.de/10005649119
of bootstrap testing. In short, all the algorithms work well and lead to tests with correct or close to correct size …. There is thus little or no reason not to use the bootstrap with error component models. …
Persistent link: https://www.econbiz.de/10005649435
The purpose of this paper is to use the bootstrap resampling technique to calculate confidence intervals for efficiency … programming models using primal production data. The bootstrap procedure is applied on a sample of Swedish eye-care departments …
Persistent link: https://www.econbiz.de/10005423888
estimates. Conditional on the sample at hand, the bootstrap offers a possibility to perform formal statistical hypotheses …
Persistent link: https://www.econbiz.de/10005649277
This paper presents a Monte Carlo simulation study of the bootstrap algorithm proposed by Löthgren and Tambour (1997 …) for calculation of bootstrap confidence intervals for the firm-specific Data Envelopment Analysis (DEA) Malmquist … productivity index. The simulation results indicate that the coverage accuracy of bootstrap confidence intervals are near the …
Persistent link: https://www.econbiz.de/10005649328
This paper evaluates the performance of three bootstrap algorithms for the data envelopment analysis (DEA) estimator … accuracy of bootstrap confidence intervals are simulated under both variable returns to scale (VRS) and constant return …
Persistent link: https://www.econbiz.de/10005649386
In this paper two techniques, long memory and panel data models, are combined in order to increase the power of unit root tests. The power is shown to be always better against fractional alternatives and usually against autoregressive alternatives. The test is then used to reanalyze data sets...
Persistent link: https://www.econbiz.de/10005649454