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Real Time Econometrics
Pesaran, Mohammad Hashem; Timmermann, Allan - 2004
This paper considers the problems facing decision makers using econometric models in real time. It identifies the key stages involved and highlights the role of automated systems in reducing the effect of data snooping. It sets out many choices that researchers face in construction of automated...
Persistent link: https://www.econbiz.de/10010276178
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Real Time Econometrics
Pesaran, M. Hashem; Timmermann, Allan - Institute for the Study of Labor (IZA) - 2004
This paper considers the problems facing decision makers using econometric models in real time. It identifies the key stages involved and highlights the role of automated systems in reducing the effect of data snooping. It sets out many choices that researchers face in construction of automated...
Persistent link: https://www.econbiz.de/10005763536
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Economies of scale in the Tunisian industries
Heshmati, Almas; Haouas, Ilham - 2011
To date, empirical investigations of trade liberalization under the conditions of increasing returns to scale (IRS) and imperfect competition (IC) have either assumed or imposed the market and productive structures necessary for such a model. However, of the recent IRS/IC models used to simulate...
Persistent link: https://www.econbiz.de/10010278708
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VC - A Method For Estimating Time-Varying Coefficients in Linear Models
Schlicht, Ekkehart - 2020
This paper describes a moments estimator for a standard state-space model with coefficients generated by a random walk. A penalized least squares estimation is linked to the GLS (Aitken) estimates of the corresponding linear model with time-invariant parameters. The VC estimates are moments...
Persistent link: https://www.econbiz.de/10012180113
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Nature of the Relationship between Minimum Wage and the Shadow Economy Size: An Empirical Analysis for the Case of Romania
Davidescu, Adriana Anamaria; Schneider, Friedrich - 2017
The recent increase in the minimum wage in Romania in early May 2016 represented a popular topic at the national level, which indicated that aggressive increases in the minimum wage could create a competitiveness problem in the context of a relatively high level of informal economic activities....
Persistent link: https://www.econbiz.de/10011816519
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Economies of Scale in the Tunisian Industries
Heshmati, Almas; Haouas, Ilham - Institute for the Study of Labor (IZA) - 2011
To date, empirical investigations of trade liberalization under the conditions of increasing returns to scale (IRS) and imperfect competition (IC) have either assumed or imposed the market and productive structures necessary for such a model. However, of the recent IRS/IC models used to simulate...
Persistent link: https://www.econbiz.de/10009024588
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Oil exports and the Iranian economy
Esfahani, Hadi Salehi; Mohaddes, Kamiar; Pesaran, … - 2009
with a coefficient equal to the share of capital. The long run theory is tested using a new quarterly data set on the …: an output equation as predicted by the theory and a standard real money demand equation with inflation acting as a proxy …
Persistent link: https://www.econbiz.de/10010276267
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An empirical growth model for major oil exporters
Esfahani, Hadi Salehi; Mohaddes, Kamiar; Pesaran, M. Hashem - 2012
with a coefficient equal to the share of capital (α). The long-run theory is tested using quarterly data on nine major oil …-run theory. The existence of long-run relations between real output, foreign output and real oil income is established for six of … three decades, the theory suggests that the effect of oil income on the economy's steady state growth rate will vanish …
Persistent link: https://www.econbiz.de/10010282525
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An Empirical Growth Model for Major Oil Exporters
Esfahani, Hadi Salehi; Mohaddes, Kamiar; Pesaran, M. Hashem - Institute for the Study of Labor (IZA) - 2012
-run output equation with a coefficient equal to the share of capital (α). The long-run theory is tested using quarterly data on … results support the long-run theory. The existence of long-run relations between real output, foreign output and real oil … steadily over the past three decades, the theory suggests that the effect of oil income on the economy's steady state growth …
Persistent link: https://www.econbiz.de/10010550529
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Oil Exports and the Iranian Economy
Esfahani, Hadi Salehi; Mohaddes, Kamiar; Pesaran, Hashem - Institute for the Study of Labor (IZA) - 2009
output equation with a coefficient equal to the share of capital. The long run theory is tested using a new quarterly data … long run relations: an output equation as predicted by the theory and a standard real money demand equation with inflation …
Persistent link: https://www.econbiz.de/10008527294