Real income on Bornholm is described by comparing the region with the capital area and the country. Region specific prices are constructed for housing expenditure and for services. Weights for these parts of household budgets and the residual are found from panel surveys of household...

The paper gives an overview over four papers (chapters) dealing with the business cycle for the economy of Bornholm, 1987 to 1996. As a reference is used two regions in the capital area and the country as a whole. At the centre of interest is the labor market. The basic description is in chapter...

China has shifted control over resources and decision making to local governments and enterprises as the result of the economic reforms over the past three decades. This devolution of decision-making to local levels and enterprises has placed environmental stewardship in the hands of local...

Much of the current policy debate on adaptation to climate change has focussed on estimation of adaptation costs, ways to raise and to scale-up funding for adaptation, and the design of the international institutional architecture for adaptation financing. There is however little or no emphasis...

In this study, we develop and apply a new methodology for obtaining accurate and equitable property value assessments. This methodology adds a time dimension to the Geographically Weighted Regressions (GWR) framework, which we call Time-Geographically Weighted Regressions (TGWR). That is, when...

India has made great progress in reaching its ambitious goal to scale up renewable energy capacity to 175 GW in 2022. Solar power plays a central part in achieving this goal and installations of utility scale power have seen a dramatic increase in the last few years. Rooftop solar, however, is...

The paper provides a proof of consistency of the ridge estimator for regressions where the number of regressors tends to infinity. Such result is obtained without assuming a factor structure. A Monte Carlo study suggests that shrinkage autoregressive models can lead to very substantial...

This contribution starts out by noting a conflict of interest between consumers and insurers. Consumers face positive correlation in their assets (health, wealth, wisdom, i.e. skills), causing them to demand a great deal of insurance coverage. Insurers on the other hand eschew positively...

By means of a very simple example, this note illustrates the appeal of using Bayesian rather than classical methods to produce inference on hidden states in models of Markovian regime switching. -- Bayesian analysis ; switching regression ; regime changes ; nonlinear filtering

In this paper, we address the issue of spurious correlation in the production of health in a systematic way. Spurious correlation entails the risk of linking health status to medical (and nonmedical) inputs when no links exist. This note first presents the bounds testing procedure as a method to...