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Tail Probabilities for Regression Estimators
Mikosch, Thomas; Vries, Casper G. de - Tinbergen Institute - 2006
Estimators of regression coefficients are known to be asymptotically normally distributed, provided certain regularity conditions are satisfied. In small samples and if the noise is not normally distributed, this can be a poor guide to the quality of the estimators. The paper addresses this...
Persistent link: https://www.econbiz.de/10005137172
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Tail Probabilities for Regression Estimators
Mikosch, Thomas; Vries, Casper G. de - Tinbergen Instituut - 2006
Estimators of regression coefficients are known to be asymptotically normally distributed, provided certain regularity conditions are satisfied. In small samples and if the noise is not normally distributed, this can be a poor guide to the quality of the estimators. The paper addresses this...
Persistent link: https://www.econbiz.de/10011256753
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Education, Growth and Income Inequality
Teulings, Coen N.; Rens, Thijs van - Tinbergen Instituut - 2002
Estimates of the effect of education on GDP (the social return) have been hard to reconcile with micro evidence on the private return to schooling. We present a simple explanation combining two ideas: imperfect substitution and endogenous skill-biased technological progress and use cross-country...
Persistent link: https://www.econbiz.de/10011255487
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Total Factor Productivity and the Role of Entrepreneurship
Erken, Hugo; Donselaar, Piet; Thurik, Roy - Tinbergen Institute
Total factor productivity of twenty OECD countries for a recent period (1971-2002) is explained using six different models based on the established literature. Traditionally, entrepreneurship is not dealt with in these models. In the present paper it is shown that – when this variable is added...
Persistent link: https://www.econbiz.de/10005016255
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On Taxation in a Two-Sector Endogenous Growth Model with Endogenous Labor Supply
Hek, Paul A. de - Tinbergen Institute - 2003
This paper examines the effects of taxation on long-run growth in a two-sector endogenous growth model with (i) physical capital as an input in the education sector and (ii) leisure as an additional argument in the utility function. The analysis of the effects of taxation - including income...
Persistent link: https://www.econbiz.de/10005144575
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Education, Growth and Income Inequality
Teulings, Coen N.; Rens, Thijs van - Tinbergen Institute - 2002
Estimates of the effect of education on GDP (the social return) have been hard to reconcile with micro evidence on the private return to schooling. We present a simple explanation combining two ideas: imperfect substitution and endogenous skill-biased technological progress and use cross-country...
Persistent link: https://www.econbiz.de/10005042232
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Total Factor Productivity and the Role of Entrepreneurship
Erken, Hugo; Donselaar, Piet; Thurik, Roy - Tinbergen Instituut
Total factor productivity of twenty OECD countries for a recent period (1971-2002) is explained using six different models based on the established literature. Traditionally, entrepreneurship is not dealt with in these models. In the present paper it is shown that – when this variable is added...
Persistent link: https://www.econbiz.de/10011256507
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On Taxation in a Two-Sector Endogenous Growth Model with Endogenous Labor Supply
Hek, Paul A. de - Tinbergen Instituut - 2003
This paper examines the effects of taxation on long-run growthin a two-sector endogenous growth model with (i) physical capitalas an input in the education sector and (ii) leisure as anadditional argument in the utility function. The analysis of theeffects of taxation - including income...
Persistent link: https://www.econbiz.de/10011256980
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Commuters' Preferences for Fast and Reliable Travel
Koster, Paul; Koster, Hans - Tinbergen Instituut - 2013
We employ a semi-parametric estimation approach to analyse observed and unobserved heterogeneity in the value of … heterogeneity in preferences in a flexible way, meaning that we do not put any structure on how individual characteristics (such as …, we illustrate the estimation approach and find that there is substantial heterogeneity in the value of savings in travel …
Persistent link: https://www.econbiz.de/10011271951
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Continuous Beliefs Dynamics
Diks, Cees; Weide, Roy van der - Tinbergen Instituut - 2003
We propose a general framework for studying the evolution ofheterogeneous beliefs in a dynamic feedback setting. Beliefsdistributions are defined on a continuous space representingthe possible strategies agents can choose from. Agents base theirchoices on past performances. As new information...
Persistent link: https://www.econbiz.de/10011249542