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Persistent link: https://www.econbiz.de/10000122538
cointegration model, of pairs of stock prices. We show the effect that using an encompassing prior under an orthogonal normalization …
Persistent link: https://www.econbiz.de/10010259626
time preference are not considered simultaneously. We correct for differential mortality risk, risk aversion and …
Persistent link: https://www.econbiz.de/10011373818
are mechanisms through which SES, health and mortality are related. Our model predicts a widening and possibly a …
Persistent link: https://www.econbiz.de/10011381036
residuals of our pooled estimated modelare stationary. This indicates that on a pooled time series levelthere is cointegration …
Persistent link: https://www.econbiz.de/10011299983
expansion periods.Since a linear combination of such series does not have to be a constant meanprocess, standard cointegration … there exist a cointegration relation between US percapita disposable income and consumption, after correction for …
Persistent link: https://www.econbiz.de/10011301165
We propose in this paper a likelihood-based framework forcointegration analysis in panels of a fixed number of vector errorcorrection models. Maximum likelihood estimators of thecointegrating vectors are constructed using iterated GeneralizedMethod of Moments estimators. Using these estimators...
Persistent link: https://www.econbiz.de/10011302148
statistic of Robin and Smith [Econometric Theory (2000), 16, 151–175] usage of numerical optimization for the objective function … singular values in Ratsimalahelo [2002, Rank test based on matrix perturbation theory. Unpublished working paper, U ….F.R. Science Economique, University de Franche-Comté]. In the non-stationary cointegration case, the limiting distribution of the …
Persistent link: https://www.econbiz.de/10011332818
Persistent link: https://www.econbiz.de/10001412128
In this paper, we advance the network theory of aging and mortality by developing a causal mathematical model for the … mortality rate. First, we show that in large networks, where health deficits accumulate at nodes representing health indicators …
Persistent link: https://www.econbiz.de/10015175611