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Witte, Kristof De; Dijkgraaf, Elbert - Tinbergen Institute - 2007

association started with a voluntary benchmarking aimed to increase the efficiency and effectiveness of the sector. Secondly … efficiency of these two evolutions. In particular, we adapt Free Disposal Hull (FDH) to estimate robust and conditional non …-oriented efficiency estimates. Parametric COLS (Fourier) tests show the robustness of the model with respect to the specification and its …

Persistent link: https://www.econbiz.de/10005504883

Decomposing Portfolio Value-at-Risk: A General Analysis

Hallerbach, Winfried G. - Tinbergen Institute - 1999

efficiency. We evaluate various alternative estimation methods in an application example and conclude that the proposed approach …

Persistent link: https://www.econbiz.de/10005144576

Extracting Business Cycles using Semi-parametric Time-varying Spectra with Applications to US Macroeconomic Time Series

Koopman, Siem Jan; Wong, Soon Yip - Tinbergen Institute - 2006

A growing number of empirical studies provides evidence that dynamic properties of macroeconomic time series have been changing over time. Model-based procedures for the measurement of business cycles should therefore allow model parameters to adapt over time. In this paper the time dependencies...

Persistent link: https://www.econbiz.de/10005137378

Nonparametric Estimation for Non-Homogeneous Semi-Markov Processes: An Application to Credit Risk

Monteiro, Andre; Smirnov, Georgi V.; Lucas, Andre - Tinbergen Institute - 2006

We propose procedures for estimating the time-dependent transition matrices for the general class of finite nonhomogeneous continuous-time semi-Markov processes. We prove the existence and uniqueness of solutions for the system of Volterra integral equations defining the transition matrices,...

Persistent link: https://www.econbiz.de/10005450790

Labor Market Prospects, Search Intensity and the Transition from College to Work

Klaauw, Bas van der; Vuuren, Aico van; Berkhout, Peter - Tinbergen Institute - 2004

In this paper we develop a structural model for job search behavior of students entering the labor market. The model includes endogenous search effort and on-the-job search. Since students usually do not start a regular job before graduation but start job search earlier, our model is non...

Persistent link: https://www.econbiz.de/10005209464

The Impact of Entrepreneurship Education on Entrepreneurship Competencies and Intentions

Oosterbeek, Hessel; Praag, Mirjam van; IJsselstein, Auke - Tinbergen Institute - 2008

This paper analyzes the impact of a leading entrepreneurship education program on college students’ entrepreneurship competencies and intentions using an instrumental variables approach in a difference-in-differences framework. We exploit that the program was offered to students at one...

Persistent link: https://www.econbiz.de/10005144437

School Choice and Competition

Dijkgraaf, Elbert; Geest, Stephanie van der; Gradus, … - Tinbergen Institute - 2009

The literature suggests that competition among schools might increase quality. However, not much empirical evidence is present as only a few countries allow competition at a large scale. One exception is the Netherlands. Free parental choice is the leading principle of the Dutch education system...

Persistent link: https://www.econbiz.de/10005144456

Competition and Educational Quality: Evidence from The Netherlands

Dijkgraaf, Elbert; Gradus, Raymond H.J.M.; Jong, Matthijs de - Tinbergen Institute - 2009

Ample evidence is available for the effect of competition on educational quality as only a few countries allow large scale competition. In the Netherlands free parental choice is present since the beginning of the 20th century, which can be characterized as a full voucher program with 100%...

Persistent link: https://www.econbiz.de/10008513221

Education and Entrepreneurial Choice: An Instrumental Variables Analysis

Block, Joern H.; Hoogerheide, Lennart; Thurik, Roy - Tinbergen Institute - 2009

Education is argued to be an important driver of the decision to start a business. The measurement of its influence, however, is difficult since it is considered to be an endogenous variable. This study accounts for this endogeneity by using an instrumental variables approach

Persistent link: https://www.econbiz.de/10008513229

Entrepreneurship, Wage Employment and Control in an Occupational Choice Framework

Douhan, Robin; Praag, Mirjam van - Tinbergen Institute - 2009

We combine two empirical observations in a general equilibrium occupational choice model. The first is that entrepreneurs have more control than employees over the employment of and accruals from assets, such as human capital. The second observation is that entrepreneurs enjoy higher returns to...

Persistent link: https://www.econbiz.de/10004964455

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