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Changes in tax legislation and social responsibility of taxpayers and legislative institutions

Štager, Vesna - In: Naše gospodarstvo / Our Economy 64 (2018) 1, pp. 48-57

The article deals with the cost of tax compliance which arises for taxpayers from tax complexity and the constant changes in tax legislation. A socially responsible institution for the fiscal aggression is the Financial Administration of the Republic of Slovenia, as its powers and...

Persistent link: https://www.econbiz.de/10012117600

Improving Value-at-Risk estimation from the normal EGARCH model

Gorji, Mahsa; Sajjad, Rasoul - In: Contemporary Economics 11 (2017) 1, pp. 91-106

-correction step to improve Value-at-Risk (VaR) forecasting ability of the n-EGARCH (normal EGARCH) model and correct the VaR for both … to accurate for the tendency of the model tomiscalculate the VaR. Empirical results indicate that the bias …-correction method can improve the n-GARCH and n-EGARCH VaR forecasts so much that the acquired VaR predictions are different from the …

Persistent link: https://www.econbiz.de/10011659907

Efficiency analysis of Islamic banks in the Middle East and North Africa region: A bootstrap DEA approach

Bahrini, Raéf - In: International Journal of Financial Studies 5 (2017) 1, pp. 1-13

This paper measures and analyzes the technical efficiency of Islamic banks in the Middle East and North Africa (MENA) region during the period 2007-2012. To do this, the bootstrap Data Envelopment Analysis (DEA) approach was employed in order to provide a robust estimation of the overall...

Persistent link: https://www.econbiz.de/10011709028

Change point estimation in panel data without boundary issue

Peštová, Barbora; Pešta, Michal - In: Risks 5 (2017) 1, pp. 1-22

Panel data of our interest consist of a moderate number of panels, while the panels contain a small number of observations. An estimator of common breaks in panel means without a boundary issue for this kind of scenario is proposed. In particular, the novel estimator is able to detect a common...

Persistent link: https://www.econbiz.de/10011709583

Simulation-Based E-Learning Framework for Entrepreneurship Education and Training

Bodea, Constanţa-Nicoleta; Mogoş, Radu Ioan; … - In: Amfiteatru Economic Journal 17 (2015) 38, pp. 10-24

The paper proposes an e-Learning framework in entrepreneurship. The framework has three main components, for identification the business opportunities, for developing business scenarios and for risk analysis. A common database assures the components integration. The main components of this...

Persistent link: https://www.econbiz.de/10011724925

The Convergent Evolution of Romania's Gross Domestic Product in Relation to the Average Macro-Economic Result of the European Union Countries

Necula, Raluca; Stoian, Mirela; Drăghici, Manea - In: Amfiteatru Economic Journal 18 (2016) 43, pp. 575-591

Romania's economic growth is a target that can be achieved only within the accordance of all the economic sectors with the Europe 2020 Strategy. As provided in the Convergence Programme 2014-2020, this objective entails a series of steps that Romania must rigorously follow in order to be able to...

Persistent link: https://www.econbiz.de/10011725048

Selection criteria in regime switching conditional volatility models

Chuffart, Thomas - In: Econometrics 3 (2015) 2, pp. 289-316

A large number of nonlinear conditional heteroskedastic models have been proposed in the literature. Model selection is crucial to any statistical data analysis. In this article, we investigate whether the most commonly used selection criteria lead to choice of the right specification in a...

Persistent link: https://www.econbiz.de/10011755282

Asymptotic distribution and finite sample bias correction of QML estimators for spatial error dependence model

Liu, Shew Fan; Yang, Zhenlin - In: Econometrics 3 (2015) 2, pp. 376-411

In studying the asymptotic and finite sample properties of quasi-maximum likelihood (QML) estimators for the spatial linear regression models, much attention has been paid to the spatial lag dependence (SLD) model; little has been given to its companion, the spatial error dependence (SED) model....

Persistent link: https://www.econbiz.de/10011755286

A new approach to model verification, falsification and selection

Buck, Andrew J.; Lady, George M. - In: Econometrics 3 (2015) 3, pp. 466-493

This paper shows that a qualitative analysis, i.e., an assessment of the consistency of a hypothesized sign pattern for structural arrays with the sign pattern of the estimated reduced form, can always provide decisive insight into a model's validity both in general and compared to other models....

Persistent link: https://www.econbiz.de/10011755289

Consistency in estimation and model selection of dynamic panel data models with fixed effects

Li, Guangjie - In: Econometrics 3 (2015) 3, pp. 494-524

We examine the relationship between consistent parameter estimation and model selection for autoregressive panel data models with fixed effects. We find that the transformation of fixed effects proposed by Lancaster (2002) does not necessarily lead to consistent estimation of common parameters...

Persistent link: https://www.econbiz.de/10011755290