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Convergence in gross domestic product series of five European countriesis empirically identified using multivariate time series models that arebased on unobserved components with dynamic converging properties.We define convergence in terms of a decrease in dispersion over timeand model this...
Persistent link: https://www.econbiz.de/10011333256
We propose a new estimator, the thresholded scaled Lasso, in high dimensional threshold regressions. First, we establish an upper bound on the l∞ estimation error of the scaled Lasso estimator of Lee et al. (2012). This is a non-trivial task as the literature on high-dimensional models has...
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The purpose of this paper is to build consistent, integrated datasets to investigate whether various disaggregated data can shed light on the possible sources of the statistical discrepancy. Our strategy is first to use disaggregated data to estimate consistent sets of input-output models that...
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In this paper we test the celebrated `Strength of weak ties' theory of Granovetter (1973). We test two hypotheses on …
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This study analyses 1400 research projects of the top 20 R&D-spending pharmaceuticals to identify the determinants of … successful research projects. We provide clear evidence that externally sourced projects and projects involving biotechnologies … enables the same people to be involved in both external and internal research projects and apply externally generated …
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