Similar Search Results

How to Measure Financial Market Efficiency? A Multifractality-Based Quantitative Approach with an Application to the European Carbon Market

Sattarhoff, Cristina - 2018

This paper proposes a new measure for the evaluation of financial market efficiency, the so-called intermittency coefficient. This is a multifractality measure that can quantify the deviation from a random walk within the framework of the multifractal random walk model by Bacry et al. (2001b)....

Persistent link: https://www.econbiz.de/10012913274

A Rise By Any Other Name? Sensitivity of Growth Regressions to Data Source

Hanousek, Jan - 2008

Measured rates of growth in real per capita income differ drastically depending on the data source. This phenomenon occurs largely because data sets differ in whether and how they adjust for changes in relative prices across countries. Replication of several recent studies of growth determinants...

Persistent link: https://www.econbiz.de/10012773476

Measurement Error in Education and Growth Regressions

Portela, Miguel - 2008

The perpetual inventory method used for the construction of education data per country leads to systematic measurement … error. This paper analyses the effect of this measurement error on GDP regressions. There is a systematic difference in the … the measurement error. The standard attenuation bias suggests that using these corrected data would lead to a higher …

Persistent link: https://www.econbiz.de/10012774497

Pairwise Tests of Purchasing Power Parity Using Aggregate and Disaggregate Price Measures

Pesaran, M. Hashem - 2013

In this paper we adopt a new approach to testing for purchasing power parity, PPP, that is robust to base country effects, cross-section dependence, and aggregation. Given data on N + 1 countries, i, j = 0, 1, 2, ..., N, the standard procedure is to apply unit root or stationarity tests to N...

Persistent link: https://www.econbiz.de/10012754327

Eigenvalue Productivity : Measurement of Individual Contributions in Teams

Müller, Julia - 2017

While the output of a team is evident, the productivity of each team member is typically not readily identifiable. In this paper we consider the problem of measuring the productivity of team members. We propose a new concept of coworker productivity, which we refer to as eigenvalue productivity...

Persistent link: https://www.econbiz.de/10012944882

What Does Trade Openness Measure?

Fujii, Eiji - 2017

An empirical measure of trade openness is defined as the ratio of total trade to GDP, and represents a convenient variable routinely used for cross-country studies on a variety of issues. However, the effects that the crude measure captures remain ambiguous, making it difficult to interpret the...

Persistent link: https://www.econbiz.de/10012946850

Structural Reforms, Growth and Inequality : An Overview of Theory, Measurement and Evidence

Campos, Nauro - 2018

takes stock of theoretical developments, measurement efforts and of the econometric evidence. We start with a simple …

Persistent link: https://www.econbiz.de/10012927189

Comment on Feige's Paper 'Reflections on the Meaning and Measurement of Unobserved Economies : What Do We Really Know about the 'Shadow Economy'?'

Schneider, Friedrich - 2016

This comment provides a reply to Prof. Feige's paper with the title “Reflections on the Meaning and Measurement of …

Persistent link: https://www.econbiz.de/10012994281

Why is Measured Productivity so Low in Agriculture?

Herrendorf, Berthold - 2015

In poor countries, labor productivity in agriculture is considerably lower than in the rest of the economy. We assess whether this well known fact implies that labor is mis-allocated between the two sectors. We make several observations that suggest otherwise. First, the same fact holds for US...

Persistent link: https://www.econbiz.de/10013015078

Measuring and Bounding Experimenter Demand

De Quidt, Jonathan - 2017

We propose a technique for assessing robustness of behavioral measures and treatment effects to experimenter demand effects. The premise is that by deliberately inducing demand in a structured way we can measure its influence and construct plausible bounds on demand-free behavior. We provide...

Persistent link: https://www.econbiz.de/10012952405