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"experimetrics" in the 2000s. Yet statistics remains a minor topic in historical and methodological writings on experimental … techniques. We also highlight that, despite the decisive role played by statistics in the way EE estimate the rationality of … individuals or markets, statistics are still considered as involving non-methodological issues, i.e., as involving only purely …
Persistent link: https://www.econbiz.de/10011812586
that the predominant tests currently used in econometrics do not appear to enjoy all these properties simultaneously. We … models. In this paper we set forth four key properties which tests of multiple inequality constraints should ideally satisfy … tests. A full asymptotic theory is provided for the baseline. Simulation results show that the finite-sample performance of …
Persistent link: https://www.econbiz.de/10010288421
specification of a model. Using the best available tests, one can reduce the probability of estimating econometric models that are … misspecified. This paper investigates the small sample performance of four well-known cointegration tests when a system has been …, Johansen's (1991) trace and the Boswijk (1989) Wald tests are examined. The Johansen trace test adjusted by the finite sample …
Persistent link: https://www.econbiz.de/10010321641
Persistent link: https://www.econbiz.de/10015191358
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While the actions of economists and politicians can be influenced by facts, statistics or empirical predictions …
Persistent link: https://www.econbiz.de/10013366011
Identifying narratives in texts is a challenging task, as not only narrative elements such as the factors and events have to be identified but their semantic relation has to be explained as well. Despite this complexity, an effective technique to extract narratives from texts can have a great...
Persistent link: https://www.econbiz.de/10013366012
The prompt availability of information on the current state of the economy in real-time is required for prediction purposes and crucial for timely policy adjustment and economic decision-making. While important macroeconomic indicators are reported only quarterly and also published with...
Persistent link: https://www.econbiz.de/10013366013
this type works best when it incorporates careful econometrics, serious consideration of underlying mechanisms (including …
Persistent link: https://www.econbiz.de/10013470353
Egypt's industries heavily rely on imported goods for production. Thus, an increase in imports could have a potentially positive effect on the labor market as it means more inputs for the production of exporting goods. Alternatively, minimal backward linkages in global value chains (GVCs) could...
Persistent link: https://www.econbiz.de/10013470389