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errors, we show that the relationship between regulation and broadband investment is an inverted U shape in developed world … developing countries, the regulation has a strict negative impact on broadband deployment. …
Persistent link: https://www.econbiz.de/10011110260
In this paper, we present a model that can be viewed as an extension of the traditional Tobit model. As opposed to that specific model, ours also accounts for the the fixed costs of car ownership. That extension is needed since being carless is an option for many households in societies that...
Persistent link: https://www.econbiz.de/10011260957
also improving European competitiveness. Regulation is one of the main factors influencing competitiveness. This paper … countries from 1975 to 2007. Using the Stochastic Frontier Approach applied to the EU-KLEMS and OECD’s Regulation Impact … Indicator database I found that, given the strong negative relationship between regulation and Technical Efficiency, which is …
Persistent link: https://www.econbiz.de/10009226952
Interaction terms are often misinterpreted in the empirical economics literature by assuming that the coefficient of interest represents unconditional marginal changes. I present the correct way to estimate conditional marginal changes in a series of non-linear models including (ordered)...
Persistent link: https://www.econbiz.de/10009294598
This paper discusses the extent and the determinants of the internationalization of European inventive activity, between 1990 and 2005, using an innovative method to treat the information contained in the European Patent Office's Patstat database. We introduce a new set of indicators measuring...
Persistent link: https://www.econbiz.de/10008527380
This paper studies the sequential sampling scheme as a solution to the problem of aliasing, where the sampling interval is restricted to a minimum allowable value. Sequential sampling is analyzed and it is proved that when the sampling ratio is an integral number, the associated spectral...
Persistent link: https://www.econbiz.de/10005619887
This paper discusses the extent and the determinants of the internationalization of European inventive activity, between 1990 and 2004, using an innovative method to treat the information contained in the European Patent Office's Patstat database. The observed level of internationalization of...
Persistent link: https://www.econbiz.de/10005621297
Standard stochastic frontier models estimate log-linear specifications of production technology, represented mostly by production, cost, profit, revenue, and distance frontiers. We develop a methodology for stochastic frontier models of count data allowing for technological and inefficiency...
Persistent link: https://www.econbiz.de/10011107340
In this paper we discuss the calibration issues of models built on mean-reverting processes combined with Markov switching. Due to the unobservable switching mechanism, estimation of Markov regime-switching (MRS) models requires inferring not only the model parameters but also the state process...
Persistent link: https://www.econbiz.de/10008694003
We investigate the effects of outlier treatment on the estimation of the seasonal component and stochastic models in electricity markets. Typically, electricity spot prices exhibit features like seasonality, mean-reverting behavior, extreme volatility and the occurrence of jumps and spikes....
Persistent link: https://www.econbiz.de/10005837221