Narrow search
Showing 1 - 10 of 135
Cover Image
The impact of WTO accession on Chinese firms' product and labor market power
Dobbelaere, Sabien; Wiersma, Quint - 2019
This paper examines the impact of WTO membership on the extensive and intensive margins of product and labor market power of Chinese manufacturing firms during the period 1999- 2006. We first identify a firm's regime of competitiveness, corresponding to a combination of a product market setting...
Persistent link: https://www.econbiz.de/10012026039
Cover Image
Trade policy options of Ukraine : East or West
Mikolajun, Irena; Paap, Richard; Viaene, Jean-Marie; … - 2016
implementation of which is conditional on the quality of governance and infrastructure. The evaluation of these policy choices gains … membership, governance and effective distance (corrected for infrastructure). Using scenario analyses we assess counterfactuals … for Ukraine and find, for example, that improved infrastructure would on average lead to a 22% increase in Ukrainian …
Persistent link: https://www.econbiz.de/10011520823
Cover Image
Examining the Nelson-Siegel class of term structure models
Pooter, Michiel de - 2007
In this paper I examine various extensions of the Nelson and Siegel (1987) model with the purpose of fitting and forecasting the term structure of interest rates. As expected, I find that using more flexible models leads to a better in-sample fit of the term structure. However, I show that the...
Persistent link: https://www.econbiz.de/10011372504
Cover Image
Predicting the term structure of interest rates : incorporating parameter uncertainty, model uncertainty and macroeconomic information
Pooter, Michiel de; Ravazzolo, Francesco; Dijk, Dick van - 2007 - This version: March 3, 2007
We forecast the term structure of U.S. Treasury zero-coupon bond yields by analyzing a range of models that have been used in the literature. We assess the relevance of parameter uncertainty by examining the added value of using Bayesian inference compared to frequentist estimation techniques,...
Persistent link: https://www.econbiz.de/10011372519
Cover Image
Herding, a-synchronous updating and heterogeneity in memory in a CBS
Diks, Cees G. H.; Weide, Roy van der - 2003
This paper considers a simple Continuous Beliefs System (CBS) toinvestigate the effects on price dynamics of several behavioralassumptions: (i) herd behaviour; (ii) a-synchronous updating ofbeliefs; and (iii) heterogeneity in time horizons (memory) amongagents. The recently introduced concept of...
Persistent link: https://www.econbiz.de/10011334332
Cover Image
The maximum number of parameters for the Hausman test when the estimators are from different Sets of equations
Nawata, Kazumitsu; McAleer, Michael - 2013
Hausman (1978) developed a widely-used model specification test that has passed the test of time. The test is based on two estimators, one being consistent under the null hypothesis but inconsistent under the alternative, and the other being consistent under both the null and alternative...
Persistent link: https://www.econbiz.de/10010226558
Cover Image
DSGE models with observation-driven time-varying parameters
Angelini, Giovanni; Gorgi, Paolo - 2018
This paper proposes a novel approach to introduce time-variation in structural parameters of DSGE models. Structural parameters are allowed to evolve over time via an observation-driven updating equation. The estimation of the resulting DSGE model can be easily performed by maximum likelihood...
Persistent link: https://www.econbiz.de/10011813395
Cover Image
A real option perspective on valuing gas fields
Zhao, Lin; Wijnbergen, Sweder van - 2013
Persistent link: https://www.econbiz.de/10010191285
Cover Image
Energy-efficient homes : effects on poverty, environment and comfort
Roberdel, Vincent P.; Ossokina, Ioulia V.; Karamychev, … - 2023
-policy reduction in natural gas consumption for heating amounts to 22%, the poorest only save 16%. We build and calibrate a …
Persistent link: https://www.econbiz.de/10014446463
Cover Image
Is there really a green paradox?
Ploeg, Frederick van der; Withagen, Cees - 2012 - Revised 21 June 2012
of renewables, stock-dependent oil extraction costs and convex climate damages. Weconcentrate on economies with an … plus scarcity rent and social cost of carbon) below thatof renewables. There are then two regimes. If the oil stock is … small, the social optimum path consists of aninitial oil-only phase followed by a renewables-only phase. With a lower cost …
Persistent link: https://www.econbiz.de/10011380023