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For testing lack of correlation against spatial autoregressive alternatives, Lagrange multiplier tests enjoy their usual computational advantages, but the (χ2) first-order asymptotic approximation to critical values can be poor in small samples. We develop refined tests for lack of spatial...
Persistent link: https://www.econbiz.de/10011125890
Individual and household based aggregate measures of worklessness can, and do, offer conflicting signals about labour market performance. We outline a means of quantifying the extent of any disparity, (polarisation), in the signals stemming from individual and household-based measures of...
Persistent link: https://www.econbiz.de/10010744988
The 2004 Presidential Election in Mozambique was marred by allegations of fraud. We assess the validity of these allegations by testing whether or not qualitative descriptions of the methods and locations of misconduct are consistent with a series of simple quantitative tests. Most studies of...
Persistent link: https://www.econbiz.de/10010745221
Economic evaluation of climate policy traditionally treats uncertainty by appealing to expected utility theory. Yet our knowledge of the impacts of climate policy may not be of sufficient quality to justify probabilistic beliefs. In such circumstances, it has been argued that the axioms of...
Persistent link: https://www.econbiz.de/10010745359
We introduce a notion of median uncorrelation that is a natural extension of mean (linear) uncorrelation. A scalar random variable Y is median uncorrelated with a kdimensional random vector X if and only if the slope from an LAD regression of Y on X is zero. Using this simple definition, we...
Persistent link: https://www.econbiz.de/10010745590
Tournaments are designed to enhance participants’ effort and productivity. However, ranking near the top may increase psychological pressure and reduce performance. We empirically study the impact of interim rank on performance using data from international diving tournaments. We find that...
Persistent link: https://www.econbiz.de/10011266093
Persistent link: https://www.econbiz.de/10011125972
Since climate change threatens human wellbeing across the globe and into the future, we require a concept of wellbeing that encompasses an equivalent ambit. This paper argues that only a concept of human need can do the work required. It compares need theory with three alternative approaches....
Persistent link: https://www.econbiz.de/10011126528
Parental involvement in their children’s lives can have a lasting impact on well-being. More involved parents convey to their children that they are interested in their development, and this in turn signals to the child that their future is valued. However, what happens in socio-economically...
Persistent link: https://www.econbiz.de/10011126544
This paper investigates the relationship between a CEO’s social network, firm identity, and firm performance. There are two competing theories that predict contradictory outcomes. Following social network theory, one would expect a positive relation between social networks and firm...
Persistent link: https://www.econbiz.de/10010884592