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Modeling trigonometric seasonal components for monthly economic time series

Hindrayanto, Irma; Aston, John A.D.; Koopman, Siem Jan; … - 2010

The basic structural time series model has been designed for the modelling and forecasting of seasonal economic time series. In this paper we explore a generalisation of the basic structural time series model in which the time-varying trigonometric terms associated with different seasonal...

Persistent link: https://www.econbiz.de/10011379642

A dynamic multivariate heavy-tailed model for time-varying volatilities and correlations

Creal, Drew; Koopman, Siem Jan; Lucas, André - 2010

We propose a new class of observation-driven time-varying parameter models for dynamic volatilities and correlations to handle time series from heavy-tailed distributions. The model adopts generalized autoregressive score dynamics to obtain a time-varying covariance matrix of the multivariate...

Persistent link: https://www.econbiz.de/10011380135

Systemic risk diagnostics

Schwaab, Bernd; Lucas, André; Koopman, Siem Jan - 2010

, and the rest of the world. Controlling for global,region-specific, and industry effects, we construct coincident measures …

Persistent link: https://www.econbiz.de/10011382067

Competing recombinant technologies for environmental innovation

Zeppini, Paolo; Bergh, Jeroen C. J. M. van den - 2010

This article presents a model of sequential decisions about investments in environmentally dirty and clean technologies, which extends the path-dependence framework of Arthur (1989). This allows us to evaluate if and how an economy locked into a dirty technology can be unlocked and move towards...

Persistent link: https://www.econbiz.de/10011382078

Advances in environmental economics : analysis and modelling

Bergh, Jeroen C. J. M. van den; Nijkamp, Peter - 1998

This paper gives a concise overview of environmental-economicanalysis. Important issues and modern developments in the field aresurveyed in a systematic way. Next, the concept of sustainabledevelopment is discussed, as it has dominated environmental economicsfor almost a decade now. In addition,...

Persistent link: https://www.econbiz.de/10011299973

Spatial dimensions of environmental policies for trans-boundary externalities : a spatial price equilibrium approach

Verhoef, Erik T.; Nijkamp, Peter - 1998

This paper presents a framework for analysing spatial aspects of environmental policies in the regulation of trans-boundary externalities. A spatial price equilibrium model for two regions is constructed, where interactions between these regions can occur via trade and transport, via mutual...

Persistent link: https://www.econbiz.de/10011299985

Equilibrium airfares, frequencies and airport taxes in a multiple airport region : an application of the nested logit demand model

Pels, Eric; Nijkamp, Peter; Rietveld, Piet - 1998

In this paper a model, based on the nested multinomial logit model, is used to analyze airport competition and airline competition in a multiple airport region. It is shown that if the frequency elasticity of demand is smaller than 1, airfare-frequency and airport tax equilibria exist and are...

Persistent link: https://www.econbiz.de/10011299989

Evolutionary theories in environmental and resource economics : approaches and applications

Bergh, Jeroen C. J. M. van den; Gowdy, John M. - 1998

Recent advances in evolutionary theory have important implications for environmental economics. A short overview is …

Persistent link: https://www.econbiz.de/10011300568

Models of individual behavior and implications for environmental policy

Bergh, Jeroen C. J. M. van den; Ferrer-i-Carbonell, Ada; … - 1998

, formulated in terms of maximization of utility ingeneral, or profits in particular. The standard theory of environmental policy … behavioural assumptions have been most significant for the development ofeconomic valuation theory and environmental policy theory …. The focus here will be onenvironmental policy theory. …

Persistent link: https://www.econbiz.de/10011300569

Spatial economic-hydroecological modelling and evaluation of land use impacts in the Vecht wetlands area

Bergh, Jeroen C. J. M. van den; Barendregt, A.; … - 2000

Wetlands provide many important goods and services to human societies, and generate nonuse values as well. Wetlands are also very sensitive ecosystems that are subject to much stress from human activities. Reducing the stress on wetlands requires a spatial matching between physical planning,...

Persistent link: https://www.econbiz.de/10011302605