Similar Search Results

DETECTING LEVEL SHIFTS IN THE PRESENCE OF CONDITIONAL HETEROSCEDASTICITY

Carnero, M. Angeles; Peña, Daniel; Ruiz, Esther - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2004

The objective of this paper is to analyze the finite sample performance of two variants of the likelihood ratio test for detecting a level shift in uncorrelated conditionally heteroscedastic time series. We show that the behavior of the likelihood ratio test is not appropriate in this context...

Persistent link: https://www.econbiz.de/10005731366

SPURIOUS AND HIDDEN VOLATILITY

Carnero, M. Angeles; Peña, Daniel; Ruiz, Esther - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2004

This paper analyzes the effects caused by outliers on the identification and estimation of GARCH models. We show that …(p) and GARCH(1,1) models. …

Persistent link: https://www.econbiz.de/10005731384

COMPORTAMIENTO DEL PRECIO Y VOLATILIDAD EN EL POOL ELÉCTRICO ESPAÑOL

León, Ángel; Rubia, Antonio - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2001

The aim of this paper consists of describing, analysing and modelling the dynamic of dailyprice series and its volatility in the Spanish Wholesale Electricity Market. The article describes themain characteristics of the sector after the deregulation process and the factors that establish...

Persistent link: https://www.econbiz.de/10005731102

- CAPITAL HUMANO Y CONVERGENCIA REGIONAL

Martínez, Lorenzo Serrano - Instituto Valenciano de Investigaciones Económicas (IVIE) - 1998

This paper analyzes the relationship between human capital and convergence with a model that takes into account the … different effects of human capital accumulation on regional convergence. As an input, human capital produces convergence due to … convergence rate has been relatively small. The results indicate the potential role of educational policy in order to achieve a …

Persistent link: https://www.econbiz.de/10005212521

PRODUCT MIX OF THE SPANISH BANKING FIRMS: DO COMPETITION CLUBS EXIST?

García, Francisco Pérez; Ausina, Emili Tortosa - Instituto Valenciano de Investigaciones Económicas (IVIE) - 1998

kinds of firms and, on this ground, to analyze whethercompetition leads to the homogeneization (convergence) of product …

Persistent link: https://www.econbiz.de/10005256854

Capital público y eficiencia productiva regional (1964-1989)

Jiménez, Ezequiel Uriel; García, Francisco Pérez; … - Instituto Valenciano de Investigaciones Económicas (IVIE) - 1994

, based on the factor productivity and efficiency measures, the study discusses the existence of technological convergence …

Persistent link: https://www.econbiz.de/10008599649

SPATIAL STABILITY

Mossay, Pascal - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2004

We consider a continuous spatial economy consisting of pure exchange local economies. Agents are allowed to change their location over time as a response to spatial utility differentials. These spatial adjustments toward higher utility neighborhoods lead the spatial economy to converge to a...

Persistent link: https://www.econbiz.de/10005812849

IS THE SPEED OF CONVERGENCE A GOOD PROXY FOR THE TRANSITIONAL GROWTH PATH?

Papageorgiou, Chris; Sebastián, Fidel Pérez - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2005

capital, whereas the other does not. We show that focusing on the speed of convergence to discriminate between the two models … speed of convergence predicted by the model much less sensitive to exogenous shocks. This last result offers theoretical … support to the similar convergence speeds estimated by the literature in different samples. …

Persistent link: https://www.econbiz.de/10005731349

- DESIGUALDAD Y CONVERGENCIA EN EL ÁREA DE LA OCDE

Ivars, Matilde Mas; Gisbert, Francisco José Goerlich - Instituto Valenciano de Investigaciones Económicas (IVIE) - 1998

variables that arehabitually considered in the analysis of inequality and convergence: per capita income and labor productivity …

Persistent link: https://www.econbiz.de/10005515867

Actividad tecnológica y crecimiento económico en las regiones españolas

Albert, Mercedes Gumbau; Villarroya, Joaquín Maudos - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2001

This paper analyses the importance of R&D activities in the explanation of productivitydifferences among the Spanish regions over the period 1986-96. With this aim, we measure the effectof the own technological innovation and the spillovers effects. The analysis is based on the estimationof a...

Persistent link: https://www.econbiz.de/10005515875