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Substitution elasticities in a CES production framework : an empirical analysis on the basis of non-linear least squares estimations
Koesler, Simon; Schymura, Michael - 2012 - This version: January 2012
-linear least squares estimation procedures. Thereby we take advantage of the new World-Input-Output Database. This allows us for … the first time to use one consistent dataset for the estimation process and gives us the opportunity to derive … standard linear estimations using Kmenta approximations, non-linear estimation techniques perform significantly better …
Persistent link: https://www.econbiz.de/10009509693
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Modeling asset returns : a comparison of theoretical and empirical models
Lüders, Erik (contributor); Schröder, Michael (contributor) - 2004 - Rev. version
model performs well, the estimation for the German stock index could be significantly improved by an extension which follows …
Persistent link: https://www.econbiz.de/10003670896
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Modeling asset returns : a comparison of theoretical and empirical models
Lüders, Erik (contributor); Schröder, Michael (contributor) - 2004 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001945539
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Exchange rate regimes and fiscal discipline in OECD countries
Heinemann, Friedrich - 1999
estimation for 20 OECD countries from 1970 onwards. The conclusion is that the exchange rate regime as such is not relevant for …
Persistent link: https://www.econbiz.de/10011442384
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Modeling German unification in a disequilibrium framework
Winker, Peter; Smolny, Werner; Radowski, Daniel - 1999
unification. Our paper presents results from the estimation of a macroeconometric disequilibrium model formerly developed for West … Strukturbruch in den Zeitreihen zu finden, zum anderen darin, die strukturellen Veränderungen in den Modellgleichungen mittels eines …
Persistent link: https://www.econbiz.de/10011443482
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Flexibility in the market for international carbon credits and price dynamics difference with European allowances
Gavard, Claire; Kirat, Djamel - 2017
The Paris Agreement establishes a mechanism to allow a Party to benefit from greenhouse gases emissions reductions conducted in a host Party to fulfil its nationally determined contribution. In this context, the objective of this paper is to improve the understanding of carbon offsets price...
Persistent link: https://www.econbiz.de/10011752566
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Consumption-based asset pricing with a reference level : new evidence from the cross-section of stock returns
Grammig, Joachim (contributor);  … - 2006
This paper presents an empirical evaluation of recently proposed asset pricing models which extend the standard preference specification by a reference level of consumption. The novelty is that we use a broad cross-section of test assets, which provides a level playing field for a comparison to...
Persistent link: https://www.econbiz.de/10003328088
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Testing the predictability and efficiency of securitized real estate markets
Schindler, Felix; Rottke, Nico; Füss, Roland - 2009
This paper conducts tests of the random walk hypothesis and market efficiency for 14 national public real estate markets. Random walk properties of equity prices influence the return dynamics and determine the trading strategies of investors. To examine the stochastic properties of local real...
Persistent link: https://www.econbiz.de/10003881575
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The foreign exchange rate exposure of nations
Entorf, Horst (contributor); Moeber, Jochen (contributor);  … - 2007
Following the well-known approach by Adler and Dumas (1984) we evaluate the foreign exchange rate exposure of nations. Results based on data from 27 countries show that national foreign exchange rate exposures are significantly related to the current trade balance variables of corresponding...
Persistent link: https://www.econbiz.de/10003412063
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Is the welfare state self-destructive? : a study of government benefit morale
Heinemann, Friedrich (contributor) - 2007
World Value Surveys the determinants of benefit morale defined as the reluctance to claim government benefits without legal …
Persistent link: https://www.econbiz.de/10003480000