Showing 1 - 10 of 18
This paper provides an overview of the panel VAR models used in macroeconomics and finance. It discusses what are their distinctive features, what they are used for, and how they can be derived from economic theory. It also describes how they are estimated and how shock identification is...
Persistent link: https://www.econbiz.de/10010686724
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 …
Persistent link: https://www.econbiz.de/10005530711
JEL Classification: C22, C32, E41
Persistent link: https://www.econbiz.de/10005531005
We address the efficiency of expenditure in education provision by comparing the output (PISA results) from the … analysis output scores on nondiscretionary variables, both using Tobit and a single and double bootstrap procedure, we show …
Persistent link: https://www.econbiz.de/10005816218
models. They outperform the best performing linear models for “real-time” and “bootstrap” forecasts for service indices for …
Persistent link: https://www.econbiz.de/10005227535
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 …
Persistent link: https://www.econbiz.de/10010686854
bootstrap analysis exploits information contained in these reaction functions and constructs counterfactual distributions of …
Persistent link: https://www.econbiz.de/10010693496
In this paper we analyse public sector efficiency in the new member states of the European Union compared to that in … emerging markets. After a conceptual discussion of expenditure efficiency measurement issues, we compute efficiency scores and … rankings by applying a range of measurement techniques. The study finds that expenditure efficiency across new EU member states …
Persistent link: https://www.econbiz.de/10005530687
economies. We also assess the efficiency of public spending in redistributing income by using a DEA (Data Envelopment Analysis …
Persistent link: https://www.econbiz.de/10005530992
We compute public sector performance (PSP) and efficiency (PSE) indicators, comprising a composite and seven sub …, distribution, and stabilisation. The input and output efficiency of public sectors across countries is then measured via a non …
Persistent link: https://www.econbiz.de/10005816157