Theories of irreversible investment suggest a negative relation between investment and uncertainty,and non-linear adjustment costs open for asymmetries in the adjustment of fixed capital. We proposean econometric modelling approach to estimate and test the key predictions of modern...

A methodology for measuring public agricultural research capital is developed anddescribed for the first time, new public agricultural research capital measures for each of the 48contiguous US states, 1970-1999, are presented, and a new econometric analysis of the contributionof public...

The aim of this paper is to compare various real estate valuation models and the manner in which they take into account environmental variables.

We construct a model for pricing sovereign debt that accounts for the risks of both default and restructuring, and allows for compensation for illiquidity. Using a new and relatively efficient method, we estimate the model using Russian dollar-denominated bonds.(...)

This paper compares the mixed-data sampling (MIDAS) and mixed-frequency VAR(MF-VAR) approaches to model speci…cation in the presence of mixed-frequency data,e.g., monthly and quarterly series. MIDAS leads to parsimonious models based onexponential lag polynomials for the coe¢ cients, whereas...

Die Umweltbelastungen in Folge des hohen Flächen‐ und Ressourcenverbrauchs bei Wohnungsneubauteninsbesondere im Raum der „Zwischenstadt“ sowie in ländlichen Räumenzählen zu den aktuellen Herausforderungen der Raumplanung und Landschaftsentwicklung.Zunächst werden zentrale Konzepte...

This paper provides the first analysis of employer search using duration methods for theUK. We model both the duration of employer search and whether employers succeed infilling vacancies. We present the appropriate econometric techniques for dealing withgroups of identical vacancies posted...