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variance of the process. The latter is derived through bootstrap exercises using the models alone or pooled together. The …, the bootstrap exercises point to confidence bands close to 1 per cent around the estimated value. …
Persistent link: https://www.econbiz.de/10011604111
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models. They outperform the best performing linear models for “real-time” and “bootstrap” forecasts for service indices for …
Persistent link: https://www.econbiz.de/10011604398
analysis output scores on nondiscretionary variables, both using Tobit and a single and double bootstrap procedure, we show …
Persistent link: https://www.econbiz.de/10011604540
main contribution is the use of bootstrap methods, which offer more insight into the Feenstra method and can explain why … researchers applying it may tend to find high estimates. The bootstrap not only allows us to obtain considerably less biased …
Persistent link: https://www.econbiz.de/10011605527
bootstrap analysis exploits information contained in these reaction functions and constructs counterfactual distributions of …
Persistent link: https://www.econbiz.de/10011605624
reflects both the absolute and relative performance of each forecaster and they used bootstrap techniques to compare the …
Persistent link: https://www.econbiz.de/10012422033
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We describe a dynamic model of financial intermediation in which fundamental characteristics of the economy imply a unique equilibrium path of bank and financial market lending. Yet we also show that economies whose fundamental characteristics have converged may continue to have very different...
Persistent link: https://www.econbiz.de/10011604488
This paper considers productivity developments in the new EU member states and provides evidence on factors driving productivity growth in these countries, focusing on a panel of Polish manufacturing industries. Companies in Poland seem to benefit significantly from transfer of technologies that...
Persistent link: https://www.econbiz.de/10011604532