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We explore the patterns of localisation in the French manufacturing and service industries using the distance-based approach developed by Duranton and Overman (2005). The idea of this methodology is to consider the distribution of distances between pairs of plants in an industry and to compare...
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This paper proposes a new nonparametric test for conditional independence, which is based on the comparison of Bernstein copula densities using the Hellinger distance. The test is easy to implement because it does not involve a weighting function in the test statistic, and it can be applied in...
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This paper illustrates the usefulness of resampling based methods in the context of multiple (simultaneous) tests, with emphasis on econometric applications. Economic theory often suggests joint (or simultaneous) hypotheses on econometric models; consequently, the problem of evaluating joint...
Persistent link: https://www.econbiz.de/10005100723
distribution of stock returns is usually rejected in empirical studies, due to excess kurtosis and asymmetry. To model such data …
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