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This paper is intended as a contribution to the debate about the relationship between economic growth and national objectives, and the way in which achievement of the latter can be assessed by alternative indicators of economic and social performance. Faster growth of GDP is an instrumental...
Persistent link: https://www.econbiz.de/10010884689
Persistent link: https://www.econbiz.de/10010928652
We study a very general setting, and propose a procedure for estimating the critical values of the extended Kolmogorov-Smirnov tests of First and Second Order Stochastic Dominance due to McFadden (1989) in the general k-prospect case. We allow for the observations to be generally serially...
Persistent link: https://www.econbiz.de/10010746327
We propose a procedure for estimating the critical values of the Klecan, McFadden, and McFadden (1990) test for first and second order stochastic dominance in the general k-prospect case. Our method is based on subsampling bootstrap. We show that the resulting test is consistent. We allow for...
Persistent link: https://www.econbiz.de/10010746449
We propose a procedure for estimating the critical values of the extended Kolmogorov- Smirnov tests of Stochastic Dominance of arbitrary order in the general K-prospect case. We allow for the observations to be serially dependent and, for the first time, we can accommodate general dependence...
Persistent link: https://www.econbiz.de/10011071490