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This note is concerned with the derivation of the distribution of a random variable X in terms of the distribution of Y given X, where X, Y are discrete random variables with finite support
Persistent link: https://www.econbiz.de/10005835396
The choice of the appropriate linear model before this can be used for planning and decision making, has been the concern of many statistical workers. Most of the methods in the literature aim at evaluating the descriptive ability of the candidate models. In the present paper an evaluation...
Persistent link: https://www.econbiz.de/10005835399
Three panel data estimation methods are used to estimate the cointegrating equations for the demand for money (M1) in 14 developing Asian countries. Tests for the effects of financial reforms are made with estimates for two sub-samples of 1970-1985 and 1986-2005. Our results show that money...
Persistent link: https://www.econbiz.de/10005835500
Let {N(t), t0} be a homogeneous Poisson process with parameter λ=1. Let Z be a nonnegative random variable which is distributed independently of {N(t), t0} according to a mixed game distribution. Xekalaki and Panaretos (1988) showed that the form of F (the mixing distribution) is uniquely...
Persistent link: https://www.econbiz.de/10005835653
Several studies have examined the relationship between environmental degradation and economic growth. However, most of them did not take into account financial developments and institutional quality. Moreover, Stern (2004) noted that there are important econometric weaknesses in the earlier...
Persistent link: https://www.econbiz.de/10005835678
Consider two non-negative integer-valued r.v.'s X,Y with X=Y. Suppose that the conditional distribution of Y|X is binomial with parameters (n,p), n=0,1,2,...; 0 < p < 1 and p independent of n. It is known, and can be checked easily, that under the above assumption the distribution of Y is Poisson with parameter λp, λ>0 (Poisson(λp)) if and only if (iff) X is Poisson (λ). This model has been extensively used in the literature under different names...</p>
Persistent link: https://www.econbiz.de/10005835703
This paper considers a model where an original observation from a discrete distribution generates, according to a certain mechanism, another observation. A special case with the logarithmic series distribution as the original distribution and the Pascal distribution as the generating mechanism...
Persistent link: https://www.econbiz.de/10005835791
The increase of criminal activity worldwide calls for cooperation in order to combat crime. All over the world, scientists, including Statisticians, of many seemingly unrelated fields are cooperating in order to find methods to prevent or to reduce crime. In this paper we analyze Greek crime...
Persistent link: https://www.econbiz.de/10005835804
In this paper, an evaluation method is suggested for selecting one of two competing models based on certain predictive ability ratings. The main focus is on the case of linear models that are not necessarily nested. In the context of such models, the test procedure is based on a sample statistic...
Persistent link: https://www.econbiz.de/10005835827
This paper, a revised version of an earlier paper, examines a recent view of Pritchett (2006) that there is a wide gap between the theoretical and empirical growth literature and the policy needs of the developing countries. Growth literature has focussed on the long term growth outcomes but...
Persistent link: https://www.econbiz.de/10005835908