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This research paper is interested to propose an alternative distributed lag model from a multi-dimensional perspective. It is entitled "The Mega-space Distributed Lag Model". The main objective of the Mega-space Distributed Lag Model is to study different micro and macroeconomic scenarios...
Persistent link: https://www.econbiz.de/10014214692
This paper analyzes Structural Vector Autoregressions (SVARs) where identification of structural parameters holds locally but not globally. In this case there exists a set of isolated structural parameter points that are observationally equivalent under the imposed restrictions. Although the...
Persistent link: https://www.econbiz.de/10014083014
We consider the method of moments estimation of a structural equation in a panel dynamic simultaneous equations model under different sample size combinations of cross-sectional dimension, N, and time series dimension, T. Two types of linear transformation to remove the individual-specific...
Persistent link: https://www.econbiz.de/10012950010
Spanish Abstract: En este documento se presenta un análisis de la causalidad entre el crecimiento del producto por trabajador y la inversión en capital físico por trabajador. Mediante la metodología de los modelos de Vectores Autorregresivos (VAR) se desarrolla una evaluación empírica para...
Persistent link: https://www.econbiz.de/10013023931
In this paper, we analyse the determinants of gold prices in the Turkish free market using classic linear regression techniques. We modeled the gold price movement using two static models, a simple linear and a polynomial of degree three. We compared two models and concluded that third degree...
Persistent link: https://www.econbiz.de/10012987856
The seminal work by Baumol et al. (1982) has highlighted the importance of analyzing firms' costs structure. This allows to design proper policy measures and to understand the impacts of those policies in markets. The note presents an original method and an application for testing costs...
Persistent link: https://www.econbiz.de/10011785062
The paper begins with a figurative representation of the contrast between present-day and formal applied econometrics. An explication of the status of bridge principles in applied econometrics follows. To illustrate the concepts used in the explication, the paper presents a simultaneous-equation...
Persistent link: https://www.econbiz.de/10011650121
This paper provides nonparametric identification results for a class of latent utility models with additively separable unobservable heterogeneity. These results apply to existing models of discrete choice, bundles, decisions under uncertainty, and matching. Under an independence assumption,...
Persistent link: https://www.econbiz.de/10012900608
We study the identification and estimation of panel dynamic simultaneous equations models. We show that the presence of time-persistent individual-specific effects does not lead to changes in the identification conditions of traditional Cowles Commission dynamic simultaneous equations models....
Persistent link: https://www.econbiz.de/10013028736
This article introduces an estimation method for the conditional joint distribution of bivariate outcomes, based on the distribution regression approach and the factorization method. The proposed method can apply for discrete, continuous or mixed distribution outcomes. It is semiparametric in...
Persistent link: https://www.econbiz.de/10013294326