Showing 1 - 10 of 3,663
This paper argues that empirical economic analysis in court proceedings is subject to important economic and legal restrictions, cumulating in a fundamental trade-off between accuracy and practicality. We draw lessons from two influential German court cases – the paper wholesaler cartel...
Persistent link: https://www.econbiz.de/10008513365
We perform an extensive series of Monte Carlo experiments to compare the performance of the "Jacknife Instrumental Variables Estimator", or JIVE, with that of the more familiar 2SLS and LIML estimators. We find no evidence to suggest that JIVE should ever be used. It is always more dispersed...
Persistent link: https://www.econbiz.de/10005503845
In this paper, we study maximum likelihood estimation and Lagrange multiplier testing of a one-way error components regression model suitable for incomplete panel and including parametrically specified variance functions for both individual-specific and general error disturbances.
Persistent link: https://www.econbiz.de/10005478910
The weekend effect is an empirical enomaly that has attracted substantial attention. Following the work of Connoly (1989) it is necessary to revisit previous empirical work. In this paper we examine the weekend effect in Malaysia over the period 1986-1993.
Persistent link: https://www.econbiz.de/10005487299
Die Öffentlichkeit hat ein Interesse zu wissen, ob politische Maßnahmen die mit ihnen verfolgten Ziele wirksam und wirtschaftlich erreichen. In empirischen Studien, die als Grundlage für evidenzbasierte Wirtschaftspolitik dienen können, werden häufig komplexe Methoden verwendet, um...
Persistent link: https://www.econbiz.de/10011099048
The aim of this paper is to obtain some statistical properties about runs of daily returns of ISE30, ISE50 and ISE100 indices and compare these results with the empirical stylized facts of developed stock markets. In this manner, all time historical daily closing values of these indices are...
Persistent link: https://www.econbiz.de/10011260280
We take a fresh look at Theil's BLUS residuals and ask why they have gone out of fashion.All our simulation experiments indicate that tests based on BLUS residuals have higher power than those based on the more popular recursive residuals, even in those cases (structural breaks) where intuition...
Persistent link: https://www.econbiz.de/10011092941
In this paper, I present an introduction to quantitative research methods in social sciences. The paper is intended for non-Economics undergraduate students, development researchers and practitioners who although unfamiliar with statistical techniques, are interested in quantitative methods to...
Persistent link: https://www.econbiz.de/10011112790
The paper introduces the appropriate within estimators for the most frequently used three-dimensional fixed effects panel data models. It analyzes the behavior of these estimators in the cases of no self-flow data, unbalanced data, and dynamic autoregressive models. The main results are then...
Persistent link: https://www.econbiz.de/10011202965
The aim of this paper is to reach the following objectives: to identify the determinants that have significant influence on life expectancy for European countries, in 2007; to measure the significance level of the influence of the determinants on life expectancy; to classify the European countries...
Persistent link: https://www.econbiz.de/10010877234