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A nonparametric regression estimator that adapts to error distribution of unknown form

Linton, Oliver; Xiao, Zhijie - London School of Economics (LSE) - 2001

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

On subset selection in non-parametric stochastic regression

Yao, Qiwei; Tong, Howell - London School of Economics (LSE) - 1994

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

Productivity differences in the airline industry: partial deregulation versus short-run protection

Marin, Pedro L. - London School of Economics (LSE) - 1995

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

Testing the capital asset pricing model efficiently under elliptical symmetry : a semiparametric approach

Hodgson, Douglas J; Linton, Oliver; Vorkink, Keith - London School of Economics (LSE) - 2000

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

How do domestic attributes affect international spillovers of CO2-efficiency?

Perkins, Richard; Neumayer, Eric - London School of Economics (LSE) - 2009

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

Fiscal decentralization and economic growth in Central and Eastern Europe

Rodríguez-Pose, Andrés; Krøijer, Anne - London School of Economics (LSE) - 2009

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

Deep uncertainty in long-term hurricane risk: scenario generation and implications for future climate experiments

Ranger, Nicola; Niehörster, Falk - London School of Economics (LSE) - 2011

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

Nonparametric transformation to white noise

Linton, Oliver; Mammen, Enno - London School of Economics (LSE) - 2006

. In the special case of a nonparametric regression subject to time series errors our estimator achieves efficiency …

Persistent link: https://www.econbiz.de/10011071509

More efficient kernel estimation in nonparametric regression with autocorrelated errors

Carroll, Raymond J; Linton, Oliver; Mammen, Enno; Xiao, … - London School of Economics (LSE) - 2002

We propose a modification of kernel time series regression estimators that improves efficiency when the innovation …

Persistent link: https://www.econbiz.de/10010928799

Commodity taxation and social welfare: the generalised Ramsey rule

Coady, David; Dreze, Jean - London School of Economics (LSE) - 2000

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