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Testing
Bergbauer, Annika - 2018
School systems regularly use student assessments for accountability purposes. But, as highlighted by our conceptual model, different configurations of assessment usage generate performance-conducive incentives of different strengths for different stakeholders in different school environments. We...
Persistent link: https://www.econbiz.de/10012910939
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Exponent of Cross-Sectional Dependence : Estimation and Inference
Bailey, Natalia - 2012
An important issue in the analysis of cross-sectional dependence which has received renewed interest in the past few years is the need for a better understanding of the extent and nature of such cross dependencies. In this paper we focus on measures of cross-sectional dependence and how such...
Persistent link: https://www.econbiz.de/10013111367
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Multi-Factor Gegenbauer Processes and European Inflation Rates
Caporale, Guglielmo Maria - 2014
, Italy and the UK). The empirical results suggest that inflation in France and Italy is nonstationary. However, while for the … exclusively from the long-run or zero frequency. In the UK, inflation seems to be stationary with a component of long memory at …
Persistent link: https://www.econbiz.de/10013071161
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The Economic Roots of the Rise of Trumpism
Komlos, John - 2018
Donald Trump won the election in 2016 largely because enough voters in three states, all in the Rustbelt, who had voted for Barack Obama in both 2008 and 2012, switched their vote from Democratic to Republican. Economic dislocations played a crucial role in these swing states or democratic...
Persistent link: https://www.econbiz.de/10012924354
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A Spatial Cliff-Ord-Type Model with Heteroskedastic Innovations : Small and Large Sample Results
Arraiz, Irani - 2008
heteroskedastic with an unknown form. We formulate a multi-step GMM/IV type estimation procedure for the parameters of the model. We …
Persistent link: https://www.econbiz.de/10012768262
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Specification and Estimation of Spatial Autoregressive Models with Autoregressive and Heteroskedastic Disturbances
Kelejian, Harry H. - 2008
theory is kept general to cover a wide range of settings. We note the estimation theory developed by Kelejian and Prucha …
Persistent link: https://www.econbiz.de/10012768815
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GM Estimation of Higher Order Spatial Autoregressive Processes in Panel Data Error Component Models
Badinger, Harald - 2008
This paper presents a generalized moments (GM) approach to estimating an R-th order spatial regressive process in a panel data error component model. We derive moment conditions to estimate the parameters of the higher order spatial regressive process and the optimal weighting matrix required to...
Persistent link: https://www.econbiz.de/10012771862
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GM Estimation of Higher-Order Spatial Autoregressive Processes in Cross-Section Models with Heteroskedastic Disturbances
Badinger, Harald; Egger, Peter H. - 2021
derive the moment conditions and the optimal weighting matrix for a generalized moments (GM) estimation procedure of the …
Persistent link: https://www.econbiz.de/10013316494
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On the Persistence of UK Inflation : A Long-Range Dependence Approach
Caporale, Guglielmo Maria - 2018
This paper examines the degree of persistence in UK inflation by applying long-memory methods to historical data that … evolution over time. On the whole, the evidence suggests that the degree of persistence of UK inflation has been relatively … detect any shifts in the degree of persistence, and also run rolling-window and recursive regressions to investigate its …
Persistent link: https://www.econbiz.de/10012917992
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Forecasting Random Walks Under Drift Instability
Pesaran, M. Hashem - 2011
This paper considers forecast averaging when the same model is used but estimation is carried out over different … estimation windows. It develops theoretical results for random walks when their drift and/or volatility are subject to one or … more structural breaks. It is shown that compared to using forecasts based on a single estimation window, averaging over …
Persistent link: https://www.econbiz.de/10012756639