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On the small sample properties of weak exogeneity tests in cointegrated VAR models
Brüggemann, Ralf - 2002
We investigate the small sample properties of two types of weak exogeneity tests in cointegrated VAR models that are frequently used in applied work. The first one is the standard Likelihood Ratio (LR) test in the Johansen framework. The second test is based on mapping the cointegrated VAR model...
Persistent link: https://www.econbiz.de/10009620777
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Modeling the learning from repeated samples : a generalized cross entropy approach
Bernardini Papalia, Rosa (contributor) - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001919508
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The local power of some unit root tests for panel data
Breitung, Jörg - 1999
(1993) and Im, Pesaran and Shin (1997) suggest bias adjusted t-statistics. Such corrections are necessary to account for the … affected by two different terms. The first term represents the asymptotic effect on the bias due the detrending method and the … do not require a bias correction. The results of a Monte Carlo experiment suggest that avoiding the bias can improve the …
Persistent link: https://www.econbiz.de/10009581103
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Measurement error, biases, and the validation of complex models
Carroll, Raymond J.; Galindo, Christian D. - 1997
There are three major points to this article: 1. Measurement error causes biases in regression fits. The line one would obtain if one could accurately measure exposure to environmental lead media will differ in important ways when one measures exposure with error. 2. The effects of measurement...
Persistent link: https://www.econbiz.de/10009631751
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A note on optimal stopping in models with delay
Gapeev, P. V. (contributor); Reiß, M. (contributor) - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001917076
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Employment duration and resistance to wage reductions : experimental evidence
Burda, Michael C.; Güth, Werner; Kirchsteiger, Georg; … - 1998 - Rev.
One of the long-standing puzzles in economics is why wages do not fall sufficiently in recessions so as to avoid increases in unemployment. Put differently, if the competitive market wage declines, why don’t employers simply force their employees to accept lower wages as well? As an...
Persistent link: https://www.econbiz.de/10009578579
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Job stability trends, layoffs and quits : an empirical analysis for West Germany
Bergemann, Annette; Mertens, Antje - 2000
This paper studies signs and reasons of decline of job stability in West Germany. Using data from the German Socio-Economic Panel 1984-1997, we look at two measures for job stability. Based on repeated cross sectional data we first show that medium elapsed tenure declined for men. Secondly, we...
Persistent link: https://www.econbiz.de/10009618363
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Job stability trends and labor market (re-)entry in West Germany 1984 - 1997
Mertens, Antje - 1999
This paper investigates whether job stability in western Germany shows any signs of decline and compares the findings to evidence for the US and the UK. Cross sectional data and calendar information from the German Socioeconomic Panel 1984-1997 are combined allowing to check possible influences...
Persistent link: https://www.econbiz.de/10009580458
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Analyzing multigroup data with structural equation models
Görz, Nicole; Hildebrandt, Lutz; Annacker, Dirk - 2000
In empirical applications of structural equation modeling researchers often assume that the sample under investigation is homogenous unless observed characteristics allow for a division of the sample into mutual exclusive homogenous subgroups. If such information is not available, unobserved...
Persistent link: https://www.econbiz.de/10009582387
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The determinants of health care expenditure : testing pooling restrictions in small samples
Herwartz, Helmut; Theilen, Bernd - 2000
Healthcare expenditure has increased substantially in all western industrialized countries in the last decades. The necessity to contain the increase in health care expenditure has motivated the Analysis of its determinants to explain differences across countries and health systems. However,...
Persistent link: https://www.econbiz.de/10009612045