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In the real investments literature, the investigated cash flow is assumed to follow some known stochastic process (e.g. Brownian motion) and the criterion to decide between investments is the discounted utility of their cash flows. However, for most new investments the investor may be ambiguous...
Persistent link: https://www.econbiz.de/10008794725
investigated their patterns of persistence over time. The empirical analysis is implemented by exploring the autocorrelation …
Persistent link: https://www.econbiz.de/10010933797
spatial autocorrelation whatever its type. Hence, it indicates whetherspecific econometric estimation methods should be … spatial autocorrelation in a fixed effectspanel data model. These tests allow discriminating between the two main typesof … spatial autocorrelation which are relevant in empirical applications, namelyendogenous spatial lag versus spatially …
Persistent link: https://www.econbiz.de/10008789245
investigated their patterns of persistence over time. The empirical analysis is implemented by exploring the autocorrelation …
Persistent link: https://www.econbiz.de/10011026232
This paper investigates the relationship between private and public investment in R&D, while taking into account the effect of several instruments policies such as subsidies and taxes. We design a new look of knowledge spillovers and R&D cooperation to explain the contribution of public and...
Persistent link: https://www.econbiz.de/10008791563
Testing for a unit root in a series obtained by summing a stationary MA(1) process with a parameter close to -1 leads to serious size distortions under the null, on account of the near cancellation of the unit root by the MA component in the driving stationary series. The situation is analysed...
Persistent link: https://www.econbiz.de/10008794177
and services. Since agriculture currently dominates Ethiopia's economy and employment, however, there is an issue as to … grow more rapidly than the agricultural sector. The slower growth of agriculture, its relative decline, concern about the … difficulty of modernizing agriculture and pessimism about the potentials for technological change in agriculture suggest to some …
Persistent link: https://www.econbiz.de/10010850557
Persistent link: https://www.econbiz.de/10010850566
Agriculture is the largest contributor to the economic well-being of most Nigerians. For the agriculture sector to … also been shown that agriculture R&D could increase agriculture growth and reduce poverty (Fan 2008; Thirtle et al. 2003 …). Therefore, research-based evidence is important to guide decisions that affect Nigeria's agriculture sector and its people. The …
Persistent link: https://www.econbiz.de/10010850581
The second of three books in IFPRI's climate change in Africa series, East African Agriculture and Climate Change: A … contributors of East African Agriculture and Climate Change present plausible future scenarios that combine economic and … biophysical characteristics to explore the possible consequences for agriculture, food security, and resources management to 2050 …
Persistent link: https://www.econbiz.de/10010850583