This paper argues that the number of deaths in a conflict can be a measure of duration and demonstrates that there are information gains to this approach. The well-known conflict database of International Peace Research Institute is compared with the database of Center for Systemic Peace which...

This paper examines the determinants of very low birth weight infant (or neonatal) mortality using the Taiwan National Health Insurance Research database from 1997 to 2009. After infants are discharged from hospital, it is not possible to track their mortality, so the Cox proportional hazard...

This paper assesses water and sanitation’s impacts on child mortality in Egypt. The analysis is conducted using a three-part model specification, comprising discrete choice to model the child prospects of dying during the neonatal period. The remaining parts uses transition models to model...

This study differs from most previous studies on smoking initiation by studying the age of smoking onset, and not merely smoking initiation. We apply duration analysis to estimate the determinants of the age of smoking initiation by using data from a questionnaire mailed to a sample of smokers...

In this paper discrete-time duration analysis is used to identify differences in the internal migration of immigrants and natives following job displacement. Human capital theory presents us with two hypotheses. One is based on immigrants having less location specific human capital, reducing the...

This paper investigates the stock returns and volatility size effects for firm performance in the Taiwan tourism industry, especially the impacts arising from the tourism policy reform that allowed mainland Chinese tourists to travel to Taiwan. Four conditional univariate GARCH models are used...

The Basel II Accord requires that banks and other Authorized Deposit-taking Institutions (ADIs) communicate their daily risk forecasts to the appropriate monetary authorities at the beginning of each trading day, using one or more risk models to measure Value-at-Risk (VaR). The risk estimates of...

One of the most popular univariate asymmetric conditional volatility models is the exponential GARCH (or EGARCH) specification. In addition to asymmetry, which captures the different effects on conditional volatility of positive and negative effects of equal magnitude, EGARCH can also...

Of the two most widely estimated univariate asymmetric conditional volatility models, the exponential GARCH (or EGARCH) specification can capture asymmetry, which refers to the different effects on conditional volatility of positive and negative effects of equal magnitude, and leverage, which...

The main purpose of this paper is to evaluate the effect of crude oil price on global fertilizer prices in both the mean and volatility. The endogenous structural breakpoint unit root test, ARDL model, and alternative volatility models, including GARCH, EGARCH, and GJR models, are used to...