Similar Search Results

Productivity in electricity retail after market liberalisation : analysing the effects of ownership and firm's governance structure

Stiel, Caroline; Cullmann, Astrid; Nieswand, Maria - 2015

This paper, which is one of the first to estimate productivity in retail electricity for a European country after liberalisation, analyses the effect of ownership and governance structure by using a unique dataset of German electricity retailers from 2003 to 2012. An innovative service...

Persistent link: https://www.econbiz.de/10011392296

Key parameters and efficiency of Mexican manufacturing : are there still differences between the north and the south? ; an application of nested and stochastic frontier panel data...

Braun, Frauke G. (contributor); Cullmann, Astrid (contributor) - 2008

use stochastic frontier analysis methods to test for productivity and efficiency differences in manufacturing throughout … frontier estimations confirm very similar regional patterns. Nevertheless, efficiency varies strongly within states, indicating … ; efficiency analysis ; stochastic frontier analysis ; panel data models …

Persistent link: https://www.econbiz.de/10003776598

An assessment

Hirschhausen, Christian R. von - 2017

Nuclear power was one of the most important discoveries of the twentieth century, and it continues to play an important role in twenty-first century discussions about the future energy mix, climate change, innovation, proliferation, geopolitics, and many other crucial policy topics. This paper...

Persistent link: https://www.econbiz.de/10011790757

Bayesian procedures as a numerical tool for the estimation of dynamic discrete choice models

Haan, Peter; Kemptner, Daniel; Uhlendorff, Arne - 2012

Dynamic discrete choice models usually require a general specification of unobserved heterogeneity. In this paper, we apply Bayesian procedures as a numerical tool for the estimation of a female labor supply model based on a sample size which is typical for common household panels. We provide...

Persistent link: https://www.econbiz.de/10009579233

Restrictions search for panel VARs

Camehl, Annika - 2016

As panel vector autoregressive (PVAR) models can include several countries and variables in one system, they are well suited for global spillover analyses. However, PVARs require restrictions to ensure the feasibility of the estimation. The present paper uses a selection prior for a data-based...

Persistent link: https://www.econbiz.de/10011552976

Assessing identifying restrictions in SVAR models

Piffer, Michele - 2016 - This draft: March 22, 2016

This paper proposes a Bayesian approach to assess if the data support candidate set-identifying restrictions for Vector Autoregressive models. The researcher is uncertain about the validity of some sign restrictions that she is contemplating to use. She therefore expresses her uncertainty with a...

Persistent link: https://www.econbiz.de/10011446039

Regionality revisited : an examination of the direction of spread of currency crisis

Dasgupta, Amil; Leon-Gonzalez, Roberto; Shortland, Anja - 2010 - This draft: March 2010

What determines the direction of spread of currency crises? We examine data on waves of currency crises in 1992, 1994, 1997, and 1998 to evaluate several hypotheses on the determinants of contagion. We simultaneously consider trade competition, financial links, and institutional similarity to...

Persistent link: https://www.econbiz.de/10009129985

Active, or passive? : revisiting the role of fiscal policy in the great inflation

Ettmeier, Stephanie; Kriwoluzky, Alexander - 2020

We reexamine whether pre-Volcker U.S. ﬁscal policy was active or passive. To do so, we estimate a DSGE model with monetary and ﬁscal policy interactions employing a sequential Monte Carlo algorithm (SMC) for posterior evaluation. Unlike existing studies, we do not have to treat each policy...

Persistent link: https://www.econbiz.de/10012223616

Bayesian structural VAR models : a new approach for prior beliefs on impulse responses

Bruns, Martin; Piffer, Michele - 2019

Structural VAR models are frequently identified using sign restrictions on contemporaneous impulse responses. We develop a methodology that can handle a set of prior distributions that is much larger than the one currently allowed for by traditional methods. We then develop an importance sampler...

Persistent link: https://www.econbiz.de/10011987867

Bayesian inference for structural vector autoregressions identified by Markov-switching heteroskedasticity

Lütkepohl, Helmut; Woźniak, Tomasz - 2017

In order to identify structural shocks that affect economic variables, restrictions need to be imposed on the parameters of structural vector autoregressive (SVAR) models. Economic theory is the primary source of such restrictions. However, only over-identifying restrictions can be tested with...

Persistent link: https://www.econbiz.de/10011771740

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