Showing 1 - 10 of 227
In diesem Beitrag zeigen wir, dass theoretische und technologische Aussagensysteme zwei eigenständige Forschungszweige darstellen und damit die Notwendigkeit erwächst, eine eigene Methodologie technologischer Aussagensysteme zu entwerfen. Wir stellen erste Ansatzpunkte vor, wie eine solche...
Persistent link: https://www.econbiz.de/10005157504
This work is a PhD dissertation, written at the Department of Economics, McGill University. The thesis offers a new framework for inflation as a process of restructuring. Contrary to existing theories of inflation, which tend to take structure and institutions as given for the purpose of...
Persistent link: https://www.econbiz.de/10005789620
This paper discusses regression models with aggregated covariate data. Reparameterized likelihood function is found to be separable when one endogenous variable corresponds to one instrument. In that case, the full-information maximum likelihood estimator has an analytic form, and thus...
Persistent link: https://www.econbiz.de/10009203612
This chapter proposes an up-to-date review of estimation strategies available for the Bayesian inference of GARCH-type models. The emphasis is put on a novel efficient procedure named AdMitIS. The methodology automatically constructs a mixture of Student-t distributions as an approximation to...
Persistent link: https://www.econbiz.de/10008498470
Bayesian inference requires an analyst to set priors. Setting the right prior is crucial for precise forecasts. This paper analyzes how optimal prior changes when an economy is hit by a recession. For this task, an autoregressive distributed lag (ADL) model is chosen. The results show that a...
Persistent link: https://www.econbiz.de/10005103392
Using Bayesian maximum likelihood and data for Portugal, I estimate a New Keynesian DSGE model allowing for the presence of non-Ricardian households and test the stability of the model's prediction when the fraction of liquidity-constrained households changes. In particular, I assess the impacts...
Persistent link: https://www.econbiz.de/10011111995
This paper addresses the estimation of the nonparametric conditional moment restricted model that involves an infinite-dimensional parameter g0. We estimate it in a quasi-Bayesian way, based on the limited information likelihood, and investigate the impact of three types of priors on the...
Persistent link: https://www.econbiz.de/10011113752
Mexico and Chile. These two countries enable one to contrast the different routes taken by the same type of firm, technology …, railway technology had a positive impact on human capital training in the cases studied. During the period when railways were … modern technology and it was not until well into the 20th century that a formal system of technical schools was established …
Persistent link: https://www.econbiz.de/10011267854
India's diversified and sophisticated manufacturing base contrasts strongly with the near complete absence of visible innovative capabilities. This article examines the Indian "National System of Innovation" in order to address the question of the evident distinction between the ability to make...
Persistent link: https://www.econbiz.de/10011259873
should be given to liberalization of investment flows, higher technology cooperation, and cooperation in areas of education …
Persistent link: https://www.econbiz.de/10011259876