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This paper addresses new trends in quantitative geography research. Modern social science research - including economic and social geography - has in the past decades shown an increasing interest in micro-oriented behaviour of actors. This is inter alia clearly reflected in spatial interaction...
Persistent link: https://www.econbiz.de/10010326470
China's merchandise trade surplus has reached an all-time high and is likely to rise further. A key driver appears to … overcapacities. China's imbalance between domestic production and consumption implies that China draws on the domestic demand of … trading partners with high trade deficits with China. As this constellation could be the source of growing trade conflicts …
Persistent link: https://www.econbiz.de/10014546051
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We explore convenient analytic properties of distributions constructed as mixtures of scaled and shifted t-distributions. A feature that makes this family particularly desirable for econometric applications is that it possesses closed-form expressions for its anti-derivatives (e.g., the...
Persistent link: https://www.econbiz.de/10010293996
The literature on electoral cycles has developed in two distinct phases. The first one considered the existence of non-rational (naive) voters whereas the second one considered fully rational voters. In our perspective, an intermediate approach is more interesting, i.e. one that considers...
Persistent link: https://www.econbiz.de/10010295273
In this paper we apply statistical inference techniques to build neural network models which are able to explain the prices of call options written on the German stock index DAX. By testing for the explanatory power of several input variables serving as network inputs, some insight into the...
Persistent link: https://www.econbiz.de/10010299651
In this article we examine how model selection in neural networks can be guided by statistical procedures such as hypotheses tests, information criteria and cross validation. The application of these methods in neural network models is discussed, paying attention especially to the identification...
Persistent link: https://www.econbiz.de/10010299652
Many economic and econometric applications require the integration of functions lacking a closed form antiderivative, which is therefore a task that can only be solved by numerical methods. We propose a new family of probability densities that can be used as substitutes and have the property of...
Persistent link: https://www.econbiz.de/10010301753
Neural networks (NN) and fuzzy logic systems (FLS) are used successfully for financial forecasting, credit rating and portfolio management. In search for more sophisticated modeling techniques a mixture of NN and FLS has proved to be worth consideration. We propose the novel constructive...
Persistent link: https://www.econbiz.de/10010301758