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Decomposing excess returns in stochastic linear models
Lin, Carl - 2011
We present a theorem helpful in estimating the mean and variance of a linear function with arbitrary multivariate randomness in its coefficients and variables. We derive a generalized decomposition result from two random linear functions in which the result can be applied to most models using...
Persistent link: https://www.econbiz.de/10009524390
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Labor mobility across the formal/informal divide in Turkey : evidence from individual level data
Tansel, Aysıt; Öznur Kan, Elif - 2012
Informality has long been a salient phenomenon in developing country labor markets, thus has been addressed in several theoretical and empirical research. Turkey, given its economic and demographic dynamics, provides rich evidence for a growing, heterogeneous and multifaceted informal labor...
Persistent link: https://www.econbiz.de/10009529580
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Are labor force participation rates really non-stationary? : evidence from three OECD countries
Ozdemir, Zeynel Abidin; Balcilar, Mehmet; Tansel, Aysıt - 2012
This paper shows that the structural breaks are an important characteristic of the monthly labor force participation rate (LFPR) series of Australia, Canada and the USA. Therefore we allow for endogenously determined multiple structural breaks in the empirical specifications of fractionally...
Persistent link: https://www.econbiz.de/10009580583
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Estimations of occupational and regional matching efficiencies using stochastic production frontier models
Fahr, René; Sunde, Uwe - 2002
By applying a stochastic production frontier approach to the matching process of unemployed and vacancies, this paper provides novel detailed insights into the process of job creation. For different labor markets as defined by occupation and region, the methodology produces estimates of the...
Persistent link: https://www.econbiz.de/10011412710
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India's calorie consumption puzzle: insights from the Stochastic Cost Frontier Analysis of calorie purchases
Hazarika, Gautam; Paul, Sourabh Bikas - 2020
Between the early 1970s and very nearly the present, Indians' per capita calorie consumption declined. This decline, perplexing in the face of rising per capita income when malnutrition is rampant, has been termed India's Calorie Consumption Puzzle. It has been partially attributed to a squeeze...
Persistent link: https://www.econbiz.de/10012293706
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The assimilation of young workers into the labour market in France : a stochastic earnings frontier approach
Bazen, Stephen; Waziri, Khalid Maman - 2017
selectivity arising from the exclusion of the unemployed in the estimation of the frontier. …
Persistent link: https://www.econbiz.de/10011671041
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Estimating labor force joiners and leavers using a heterogeneity augmented two-tier stochastic frontier
Das, Tirthatanmoy; Polachek, Solomon W. - 2017
requiring identification through a two-step estimation procedure, which we estimate using Current Population Survey (CPS) data …
Persistent link: https://www.econbiz.de/10011607620
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The matching efficiency of regional labour markets : a stochastic production frontier estimation, France 1990-1995
Ibourk, Aomar; Maillard, Benédicte; Perelman, Sergio; … - 2001
We evaluate the determinants of matching efficiency changes through a stochastic Cobb- Douglas production frontier model extended to allow the efficiency coefficient to depend on variables meant to capture workers and firms characteristics. We apply this methodology to examine regional...
Persistent link: https://www.econbiz.de/10011403112
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Volatility and growth : governments are key
Jetter, Michael - 2013
paper offers a solution to this disagreement, suggesting that volatility carries a positive direct effect, but also a … volatility is then ambiguous. The paper reveals the underlying endogeneity of government size in a balanced panel of 95 countries … increase of volatility lowers growth by up to 0.57 percentage points in a democracy, but raises growth by 1.74 percentage …
Persistent link: https://www.econbiz.de/10010228789
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A computationally practical simulation estimation algorithm for dynamic panel data models with unobserved endogenous state variables
Keane, Michael P.; Sauer, Robert M. - 2009
This paper develops a simulation estimation algorithm that is particularly useful for estimating dynamic panel data …
Persistent link: https://www.econbiz.de/10003824296