Showing 1 - 10 of 12
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
Persistent link: https://www.econbiz.de/10005776294
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 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