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Rejecting Capital-Skill Complementarity at all Costs
Frondel, Manuel; Schmidt, Christoph M. - 2001
Any serious empirical study of factor substitutability has to allow the data to display complementarity as well as substitutability. The standard approach reflecting this idea is a translog specification – this is also the approach used by numerous studies analyzing the relative capital-skill...
Persistent link: https://www.econbiz.de/10005840376
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Choice is Suffering: A Focused Information Criterion for Model Selection Activation Program for Disadvantaged Youths
Frondel, Manuel; Behl, Peter; Dette, Holger; Tauchmann, … - Rheinisch-Westfälisches Institut für … - 2011
In contrast to conventional measures, the Focused Information Criterion (FIC) allows the purpose-specific selection of models, thereby reflecting the idea that one kind of model might be appropriate for inferences on a parameter of interest, but not for another. Ever since its invention, the FIC...
Persistent link: https://www.econbiz.de/10009018038
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Modeling Energy and Non-energy Substitution – A Survey of Elasticities
Frondel, Manuel - Rheinisch-Westfälisches Institut für … - 2011
Estimating the degree of substitution between energy and non-energy inputs is key for any evaluation of environmental … and energy policies. Yet, given the large variety of substitution elasticities, the central question arises as to which …
Persistent link: https://www.econbiz.de/10009018921
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Being Focused: When the Purpose of Inference Matters for Model Selection
Behl, Peter; Dette, Holger; Frondel, Manuel; Tauchmann, … - Rheinisch-Westfälisches Institut für … - 2011
In contrast to conventional model selection criteria, the Focused Information Criterion (FIC) allows for purpose-specifi c choice of models. This accommodates the idea that one kind of model might be highly appropriate for inferences on a particular parameter, but not for another. Ever since its...
Persistent link: https://www.econbiz.de/10009246531
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Choice is suffering: A Focused Information Criterion for model selection
Behl, Peter; Dette, Holger; Frondel, Manuel; Tauchmann, … - In: Economic Modelling 29 (2012) 3, pp. 817-822
In contrast to conventional measures, the Focused Information Criterion (FIC) allows the purpose-specific selection of models, thereby reflecting the idea that one kind of model might be appropriate for inferences on a parameter of interest, but not for another. Ever since its invention, the FIC...
Persistent link: https://www.econbiz.de/10010573338
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On the Restrictiveness of Separability: The Significance of Energy in German Manufacturing
Frondel, Manuel; Schmidt, Christoph M. - 2006
energy affects the conclusions about the ease of substitution among nonenergy factors. We find ample empirical evidence to … doubt the assumption that energy is separable from all other production factors even in the relatively mild form of … classical separability. At least under separability aspects, therefore, energy appears to be an indispensable production factor. …
Persistent link: https://www.econbiz.de/10010261041
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Rejecting Capital-Skill Complementarity at all Costs
Frondel, Manuel; Schmidt, Christoph M. - 2001
Any serious empirical study of factor substitutability has to allow the data to display complementarity as well as substitutability. The standard approach reflecting this idea is a translog specification – this is also the approach used by numerous studies analyzing the relative capital-skill...
Persistent link: https://www.econbiz.de/10010262521
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Choice is Suffering: A Focused Information Criterion for Model Selection
Behl, Peter; Dette, Holger; Frondel, Manuel; Tauchmann, … - 2011
In contrast to conventional measures, the Focused Information Criterion (FIC) allows the purpose-specific selection of models, thereby reflecting the idea that one kind of model might be appropriate for inferences on a parameter of interest, but not for another. Ever since its invention, the FIC...
Persistent link: https://www.econbiz.de/10010273590
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Modeling Energy and Non-energy Substitution – A Survey of Elasticities
Frondel, Manuel - 2011
Estimating the degree of substitution between energy and non-energy inputs is key for any evaluation of environmental … and energy policies. Yet, given the large variety of substitution elasticities, the central question arises as to which …
Persistent link: https://www.econbiz.de/10010274443
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Rejecting capital-skill complementarity at all costs
Frondel, Manuel; Schmidt, Christoph M. - 2001
Any serious empirical study of factor substitutability has to allow the data to display complementarity as well as substitutability. The standard approach reflecting this idea is a translog specification – this is also the approach used by numerous studies analyzing the relative capital-skill...
Persistent link: https://www.econbiz.de/10010297764