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The article explores the link between international economic integration and technological capability in colonial India. The example of the iron industry shows that many new ideas and skills flowed into India from Europe, but not all met with commercial success. The essay suggests a reason why....
Persistent link: https://www.econbiz.de/10010744845
, therefore, the decision outcome. We explore these relationships in an agent-based model; drawing on concepts from environmental … risk science, decision psychology and computer simulation. A two-agent model that accounts for the sufficiency of evidence … is applied to decisions about salt intake, animal carcass disposal and radioactive waste. A dynamic version of the model …
Persistent link: https://www.econbiz.de/10011126122
Commodity taxes have three distinct roles: (1) revenue collection, (2) interpersonal redistribution, and (3) resource allocation. The paper presents an integrated treatment of these three concerns in a second-best general equilibrium framework, which leads to the 'generalised Ramsey rule' for...
Persistent link: https://www.econbiz.de/10010884666
We propose a modification of kernel time series regression estimators that improves efficiency when the innovation …
Persistent link: https://www.econbiz.de/10010928799
Persistent link: https://www.econbiz.de/10005776285
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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
characteristics and efficiency as the main determinants of their productivity. The application of this analysis to the European market …
Persistent link: https://www.econbiz.de/10010745526
We develop new tests of the capital asset pricing model which are valid under the assumption that the distribution … is based on semiparametric efficient estimation procedures for a seemingly unrelated regression model where the …
Persistent link: https://www.econbiz.de/10010746304