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Frontier techniques : contrasting the performance of (single) truncated order regression methods and replicated moments

Martins, Ana Paula - 2010

This research contrasts three econometric alternatives for stochastic efficiency frontier analysis: order – inter-quantile – and inverse order regression under the assumption of truncated error term distribution, and replicated moment estimation. The demonstration departs from a simple...

Persistent link: https://www.econbiz.de/10011524740

Growth Empirics Under Model Uncertainty; Is Africa Different?

Tsangarides, Charalambos G. - International Monetary Fund (IMF) - 2005

This paper attempts to identify robust patterns of cross-country growth behavior in the world as a whole and Africa. It employs a novel methodology that incorporates a dynamic panel estimator, and Bayesian Model Averaging to explicitly account for model uncertainty. The findings indicate that:...

Persistent link: https://www.econbiz.de/10005264072

How Long Do Housing Cycles Last? a Duration Analysis for 19 OECD Countries

Bracke, Philippe - International Monetary Fund (IMF) - 2011

This paper analyzes the duration of house price upturns and downturns in the last 40 years for 19 OECD countries. I provide two sets of results, one pertaining to the average length and the other to the length distribution. On average, upturns are longer than downturns, but the difference...

Persistent link: https://www.econbiz.de/10009327876

Econometrics with Machine Learning

Chan, Felix (ed.); Mátyás, László (ed.) - 2022

Effects From Observational Health Care Data Using Machine Learning Methods -- Econometrics of Networks with Machine Learning … -- Fairness in Machine Learning and Econometrics -- Graphical Models and their Interactions with Machine Learning in the Context …This book helps and promotes the use of machine learning tools and techniques in econometrics and explains how machine …

Persistent link: https://www.econbiz.de/10013365082

Vietnam; Bayesian Estimation of Output Gap

Maliszewski, Wojciech - International Monetary Fund (IMF) - 2010

The paper constructs a new output gap measure for Vietnam by applying Bayesian methods to a two-equation AS-AD model, while treating the output gap as an unobservable series to be estimated together with other parameters. Model coefficients are easily interpretable, and the output gap series is...

Persistent link: https://www.econbiz.de/10008560446

Barriers to Retail Competition and Prices; Evidence From Spain

Hoffmaister, Alexander W. - International Monetary Fund (IMF) - 2006

Why do prices in Spain's regions fail to converge? The prime suspects for this puzzling result are differences in regional barriers to entry in retail distribution. This paper develops a Cournot-Nash model of imperfect competition to illustrate the effect of barriers on prices. A unique data...

Persistent link: https://www.econbiz.de/10005826506

Once Again, is Openness Good for Growth?

International Monetary Fund (IMF); International … - 2004

Rodriguez and Rodrik (2000) argue that the relation between openness and growth is still an open question. One of the main problems in the assessment of the effect is the endogeneity of the relation. In order to address this issue, this paper applies the identification through heteroskedasticity...

Persistent link: https://www.econbiz.de/10005768790

Trade Liberalization, Intermediate Inputs, and Productivity; Evidence From Indonesia

Amiti, Mary; Konings, Jozef - International Monetary Fund (IMF) - 2005

This paper estimates the effects of trade liberalization on plant productivity. In contrast to previous studies, we distinguish between productivity gains arising from lower tariffs on final goods relative to lower tariffs on intermediate inputs. Lower output tariffs can produce productivity...

Persistent link: https://www.econbiz.de/10005769329

The Role of Financial Variables in Predicting Economic Activity in the Euro Area

Lombardi, Marco; Espinoza, Raphael A.; Fornari, Fabio - International Monetary Fund (IMF) - 2009

The U.S. business cycle typically leads the European cycle by a few quarters and this can be used to forecast euro area GDP. We investigate whether financial variables carry additional information. We use vector autoregressions (VARs) which include the U.S. and the euro area GDPs as a minimal...

Persistent link: https://www.econbiz.de/10008540921

Limited Information Bayesian Model Averaging for Dynamic Panels with Short Time Periods

Mirestean, Alin; Tsangarides, Charalambos G.; Chen, Huigang - International Monetary Fund (IMF) - 2009

Bayesian Model Averaging (BMA) provides a coherent mechanism to address the problem of model uncertainty. In this paper we extend the BMA framework to panel data models where the lagged dependent variable as well as endogenous variables appear as regressors. We propose a Limited Information...

Persistent link: https://www.econbiz.de/10004999975

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