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Public Financial Management in Indonesia : Review of Islamic Public Finance
Jaelani, Aan - 2017
Public financial management by the government is very important in view of the level of welfare in Indonesia is still low, as there are still much poverty with the level of fulfillment of the needs of low, corruption that occurs in every area of government, income distribution is uneven, low...
Persistent link: https://www.econbiz.de/10012968836
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Moral Behavior in Stock Markets: Islamic finance and socially responsible investment
Pitluck, Aaron Z. - Volkswirtschaftliche Fakultät, … - 2008
professional fund managers has been so popular in Malaysia and yet has had to date relatively little influence in the United States … stock market. Drawing from over 125 ethnographic interviews with financial workers in Malaysia, this paper argues that moral … Malaysia is strong because Islamic social movements have reformed the Malaysian stock market’s structure. Specifically, a …
Persistent link: https://www.econbiz.de/10005789952
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‘Williamson's Fallacy’ in Estimation of Inter-Regional Inequality
Gluschenko, Konstantin - 2017
When estimating regional inequality, many economists use inequality indices weighted by the regions' shares in the national population. Although this approach is widespread, its adequacy has not received attention in the regional science literature. This paper proves that such approach is...
Persistent link: https://www.econbiz.de/10012943787
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An Automatic Procedure for the Estimation of the Tail Index
Gimeno, Ricardo - 2012
Extreme Value Theory is increasingly used in the modelling of financial time series. The non-normality of stock returns leads to the search for alternative distributions that allows skewness and leptokurtic behavior. One of the most used distributions is the Pareto Distribution because it allows...
Persistent link: https://www.econbiz.de/10013109505
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The treatment of housing co-operatives in a house price index
Evangelista, Rui; Santos, Daniel - Volkswirtschaftliche Fakultät, … - 2012
treated in the compilation of a house price index. An empirical bootstrap study, based on advertised co-operative flats in …
Persistent link: https://www.econbiz.de/10011258955
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Dealing with small samples and dimensionality issues in data envelopment analysis
Zervopoulos, Panagiotis - Volkswirtschaftliche Fakultät, … - 2012
cannot be considered as reliable measures. The DEA Bootstrap addresses this limitation of the DEA method as it provides the … efficiency scores with stochastic properties. However, the DEA Bootstrap is still inappropriate in the presence of small samples …. In this context, we introduce a new method that draws on random data generation procedures, unlike Bootstrap which is …
Persistent link: https://www.econbiz.de/10011260496
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Analysing Productivity Changes Using the Bootstrapped Malmquist Approach: The Case of the Iranian Banking Industry
Arjomandi, Amir; Valadkhani, Abbas; Harvie, Charles - Volkswirtschaftliche Fakultät, … - 2011
an adverse impact on the efficiency level of state-owned banks. The bootstrap approach demonstrates that the majority of …
Persistent link: https://www.econbiz.de/10011260807
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Bootstrap Tests Based on Goodness-of-Fit Measures for Nonnested Hypotheses in Regression Models
Jeong, Jinook - Volkswirtschaftliche Fakultät, … - 2006
This paper utilizes the bootstrap to construct tests using the measures for goodness-of-fit for nonnested regression … models. The bootstrap enables us to compute the statistical significance of the differences in the measures and to formally … test on nonnested regression models. The bootstrap tests that this paper proposes are expected to show better finite sample …
Persistent link: https://www.econbiz.de/10005260238
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When, where and how to perform efficiency estimation
Badunenko, Oleg; Henderson, Daniel J.; Kumbhakar, Subal C. - Volkswirtschaftliche Fakultät, … - 2011
In this paper we compare two flexible estimators of technical efficiency in a cross-sectional setting: the nonparametric kernel SFA estimator of Fan, Li and Weersink (1996) to the nonparametric bias corrected DEA estimator of Kneip, Simar andWilson (2008). We assess the finite sample performance...
Persistent link: https://www.econbiz.de/10009322640
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Stochastic simulations on the Romanian macroeconomic model
Dobrescu, Emilian; Pauna, Bianca - Volkswirtschaftliche Fakultät, … - 2007
The paper presents the methodology for attaching probability distribution or intervals of variation to point forecasts. This methodology might prove significant for countries that have suffered deep structural transformations in their not very distant past. For these models, stability is more...
Persistent link: https://www.econbiz.de/10009401315