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Editing and multiply imputing German establishment panel data to estimate stochastic production frontier models
Kölling, Arnd; Rässler, Susanne - 2004
This paper illustrates the effects of item-nonresponse in surveys on the results of multivariate statistical analysis when estimation of productivity is the task. To multiply impute the missing data a data augmentation algorithm based on a normal/Wishart model is applied. Data of the German IAB...
Persistent link: https://www.econbiz.de/10010266762
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Seeing through the spin: The effect of news sentiment on firms' stock market performance
Daetz, Stine Louise; Hvid, Anna Kirstine; Martinello, … - 2019
The sentiment of news predicts the short-term stock market performance of individual companies. We find that this association is solely due to the idiosyncratic informational content of an article. We transparently quantify the association between news sentiment and stock market performance of...
Persistent link: https://www.econbiz.de/10012388880
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AI and machine learning in the financial sector: Five focus points
Martinello, Alessandro; Jensen, Thais Lærkholm; … - 2022
Artificial intelligence (AI) can improve the resiliency of both individual financial institutions and the financial sector as a whole. Yet, its users must balance benefits and risks of these technologies. This paper illustrates five focus points which financial institutions should consider when...
Persistent link: https://www.econbiz.de/10013326762
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Uncertainty and the real economy: Evidence from Denmark
Bess, Mikkel; Grenestam, Erik; Tang-Andersen … - 2020
We construct an index for economic policy uncertainty in Denmark using articles in Denmark's largest financial newspaper. We adapt a Latent Dirichlet Allocation (LDA) model to sort articles into topics. We combine article-specific topic weights with the occurrence of words describing uncertainty...
Persistent link: https://www.econbiz.de/10012659974
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Are climate change risks priced in the U.S. Stock market?
Faccini, Renato; Matin, Rastin; Skiadopoulos, George - 2021
We construct novel proxies of physical and transition climate risks by conducting textual analysis of climate-change news over the period 2000-2018. This analysis uncovers four textual variables related to the topics of U.S. climate policy, international summits, natural disasters, and global...
Persistent link: https://www.econbiz.de/10012659978
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A disaggregated and macro-consistent social accounting matrix for Pakistan
Debowicz, Darío; Dorosh, Paul; Haider, Hamza; … - In: Journal of Economic Structures 2 (2013), pp. 1-25
investigation of the economic structure of Pakistan. Our proposed approach to building SAMs is motivated by an information theoretic … distributional effects. Output multipliers in Pakistan, accounting for supply constraints, range from 1.1 to 1.4, and shocks to …
Persistent link: https://www.econbiz.de/10011551999
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Estimating the growth effects of services sector: A cointegration analysis for Pakistan
Jalil, Abdul; Manan, Samia; Saleemi, Sundus - In: Journal of Economic Structures 5 (2016) 6, pp. 1-14
household-related services contribute in the economic growth of the country in the case of Pakistan over the period of 1960 … test to test the long-run relationship between the services sector and the economic growth of Pakistan. The tests reveal … that the services sector has a long-run relationship with the economic growth of Pakistan. Furthermore, the estimation of …
Persistent link: https://www.econbiz.de/10011552036
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Market power versus capital structure determinants: Do they impact leverage?
Jahanzeb, Agha; Bajuri, Norkhairul Hafiz; Ghori, Aisha - In: Cogent Economics & Finance 3 (2015) 1, pp. 2-9
The purpose of this study is to investigate the association between market power and capital structure. This study will further provide a logical explanation towards the factors affecting capital structure. This study analysed 176 non-financial Pakistani companies listed on Karachi Stock...
Persistent link: https://www.econbiz.de/10011559153
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The Impact of Fundamentalist Terrorism on School Enrolment: Evidence from North-Western Pakistan, 2004-09
Khan, Sarah; Seltzer, Andrew - 2016
Islamist groups in Afghanistan, Pakistan, and elsewhere have sought to remove females from public life. This paper uses … data from Pakistan Social and Living Standards Measurement and the Global Terrorism Database to examine the impact of the …
Persistent link: https://www.econbiz.de/10011559596
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The value of private schools: Evidence from Pakistan
Carneiro, Pedro M.; Das, Jishnu; Reis, Hugo - 2016
Using unique data from Pakistan we estimate a model of demand for differentiated products in 112 rural education …
Persistent link: https://www.econbiz.de/10011594332