analysis output scores on nondiscretionary variables, both using Tobit and a single and double bootstrap procedure, we show …

bootstrap analysis exploits information contained in these reaction functions and constructs counterfactual distributions of …

variance of the process. The latter is derived through bootstrap exercises using the models alone or pooled together. The …, the bootstrap exercises point to confidence bands close to 1 per cent around the estimated value. JEL Classification: C11 …

main contribution is the use of bootstrap methods, which offer more insight into the Feenstra method and can explain why … researchers applying it may tend to find high estimates. The bootstrap not only allows us to obtain considerably less biased …

models. They outperform the best performing linear models for “real-time” and “bootstrap” forecasts for service indices for …

particular emphasis on the impact of productivity convergence and effects of timing of trade and financial liberalization on the … convergence patterns. We compare the mechanisms behind the three investment margins (horizontal investment to new varieties …

integration, convergence in the European retail payments market is measured during the period 1995-2011 for the most used retail … estimating convergence are used: sigma convergence and beta convergence. There is some evidence of convergence for all payment … instruments has declined over time in Europe. The pace of convergence has picked up since the introduction of the single currency …