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Assumptions about explanatory variables and errors are central in regression analysis. For example, the well-known method of ordinary least squares yields consistent and efficient estimators if the underlying error terms are independently, identically, and normally distributed. Additionally, the...
Persistent link: https://www.econbiz.de/10012915193
Italy’s domestic tourism flows during the recent years of economic recession. Indeed, the occurrence of closer tourism … dataset is made of inter-regional tourism flows among Italian regions over the 2000-12 period; across this period, 2008 to …
Persistent link: https://www.econbiz.de/10011202961
Italy's domestic tourism flows during the recent years of economic recession. Indeed, the occurrence of closer tourism … dataset is made of inter-regional tourism flows among Italian regions over the 2000-12 period; across this period, 2008 to …
Persistent link: https://www.econbiz.de/10013025573
In this paper, we study the statistical properties of heterogeneous agent models with incomplete markets. Using a Bewley-Hugget-Aiyagari model we compute the equilibrium density function of wealth and show how it can be used for likelihood inference. We investigate the identifiability of the...
Persistent link: https://www.econbiz.de/10012853321
Students in some countries do far better on international achievement tests than students in other countries. Is this all due to differences in what students bring with them to school – socio-economic background, cultural factors, and the like? Or do school systems make a difference? This...
Persistent link: https://www.econbiz.de/10012986652
This paper is the first to estimate a causal effect of immigrant students’ reading performance on their math performance. To overcome endogeneity issues due to unobserved ability, we apply an IV approach exploiting variation in age-at-arrival and the linguistic distance between origin and...
Persistent link: https://www.econbiz.de/10013315517
achievement. Data from the American Mathematics Competitions is used to produce counts of high-scoring students from more than two …
Persistent link: https://www.econbiz.de/10013315878
Education policy-makers and practitioners want to know which policies and practices can best achieve their goals. But research that can inform evidence-based policy often requires complex methods to distinguish causation from accidental association. Avoiding econometric jargon and technical...
Persistent link: https://www.econbiz.de/10013316275
This paper applies different copulas in order to investigate the complex dependence structure between EU emission allowance (EUA) futures returns and those of other commodities, equity and energy indices. The analysis yields important insights into the relationship between carbon, commodities...
Persistent link: https://www.econbiz.de/10008914281
This paper applies different copulas in order to investigate the complex dependence structure between EU emission allowance (EUA) futures returns and those of other commodities, equity and energy indices. The analysis yields important insights into the relationship between carbon, commodities...
Persistent link: https://www.econbiz.de/10013093522