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characteristics and efficiency as the main determinants of their productivity. The application of this analysis to the European market … shows that productivity differences among flag carriers could explain the governments' different views about deregulation at …
Persistent link: https://www.econbiz.de/10010745526
Persistent link: https://www.econbiz.de/10005776294
This article introduces our project on the relationship between railways and real income levels across European regions …, highlighting the need to drill deeper into the changing directional effects of railways on income, the importance or necessity of …
Persistent link: https://www.econbiz.de/10011126372
We propose a new estimator for nonparametric regression based on local likelihood estimation using an estimated error score function obtained from the residuals of a preliminary nonparametric regression. We show that our estimator is asymptotically equivalent to the infeasible local maximum...
Persistent link: https://www.econbiz.de/10010745013
consistent. Furthermore, two kinds of asymptotic efficiency of the selected model are proved. Both simulated and real data are …
Persistent link: https://www.econbiz.de/10010745153
We develop new tests of the capital asset pricing model which are valid under the assumption that the distribution generating returns is elliptically symmetric; this assumption is necessary and sufficient for the validity of the CAPM. Our test is based on semiparametric efficient estimation...
Persistent link: https://www.econbiz.de/10010746304
Although there is evidence that CO2-efficiency enhancing innovations in one country diffuse into other countries to … the strength of cross-border CO2-efficiency interdependence working through import ties and inward foreign direct … investment (FDI) stocks is greater in (a) countries with lower existing levels of domestic CO2-efficiency and (b) countries with …
Persistent link: https://www.econbiz.de/10010746369
services, the greater the potential for economic efficiency and growth. There is, however, little empirical evidence to … governments with their own revenue source respond better to local demands and promote greater economic efficiency. …
Persistent link: https://www.econbiz.de/10011071215
Current projections of long-term trends in Atlantic hurricane activity due to climate change are deeply uncertain, both in magnitude and sign. This creates challenges for adaptation planning in exposed coastal communities. We present a framework to support the interpretation of current long-term...
Persistent link: https://www.econbiz.de/10011071427
. In the special case of a nonparametric regression subject to time series errors our estimator achieves efficiency …
Persistent link: https://www.econbiz.de/10011071509