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Geometry of the log-likelihood ratio statistic in misspecified models

Choi, Hwan-sik; Kiefer, Nicholas M. - 2009

We show that the asymptotic mean of the log-likelihood ratio in a misspecified model is a differential geometric quantity that is related to the exponential curvature of Efron (1978), Amari (1982), and the preferred point geometry of Critchley et al. (1993, 1994). The mean is invariant with...

Persistent link: https://www.econbiz.de/10010292073

The Geometry of the Wald Test

Davidson, Russell - 1990

The issue of the non-invariance of the Wald test under nonlinear reparametrisations of the restrictions under test is studied from a differential geometric viewpoint. Quantities that can be defined in purely geometrical terms are by construction invariant under reparametrisation, and various...

Persistent link: https://www.econbiz.de/10011940463

The sorted effects method: Discovering heterogeneous effects beyond their averages

Chernozhuko, Victor; Fernandez-Val, Ivan; Luo, Ye - 2015

The partial (ceteris paribus) effects of interest in nonlinear and interactive linear models are heterogeneous as they can vary dramatically with the underlying observed or unobserved covariates. Despite the apparent importance of heterogeneity, a common practice in modern empirical work is to...

Persistent link: https://www.econbiz.de/10011445788

Typological analysis of factors reducing rural mortality in Russian regions

Blinova, Tatiana; Bylina, Svetlana - 2013

High mortality conditioned by both endogenous and exogenous causes is one of the challenges of today that will restrict the development of Russian regions and modernization of the economy. The paper presents the results of a multidimensional typological analysis of the subjects of the Russian...

Persistent link: https://www.econbiz.de/10011397356

Topology of the Hungarian large-value transfer system

Lublóy, Ágnes - 2006

. It is shown that the structure of the payments was permanent in June 2005; ad hoc relationships did not dominate the … characterised as a structure with multiple liquidity centres. Secondly, according to certain network criteria institutions most …

Persistent link: https://www.econbiz.de/10010322391

A Cognitive Approach to Organizational Complexity

Fioretti, Guido; Visser, Bauke - 2004

Organizational theory has construed complexity as an objective characteristic of either the structure or the behaviour … structure or behavior. This cognitive twist is illustrated using two theoretical approaches, whose relationship is discussed. …

Persistent link: https://www.econbiz.de/10010325331

Central Control of the Local Government Sector in Sweden

Murray, Richard - 1981

Persistent link: https://www.econbiz.de/10010335008

The evolution of industry in Uganda

Obwona, Marios; Shinyekwa, Isaac; Kiiza, Julius; … - 2014

immediate post-colonial period. The paper further looks at industrialisation during the liberal phase. The current structure …

Persistent link: https://www.econbiz.de/10010343209

Conceptualizing power in the context of climate change: A multi-theoretical perspective on structure, agency & power relations

Stör, Lorenz - 2017

domination in its complex interaction of agency and structure. Also in ecological economics and its critique to economic growth … introductory chapter discusses fundamental aspects of power in the context of structure and agency. The common positivist approach … philosophy of science to acknowledge and integrate structure and agency as forms of power. The third chapter provides an …

Persistent link: https://www.econbiz.de/10011600414

The structure and resilience of the European interbank market

Alves, Ivan; Ferrari, Stijn; Franchini, Pietro; Heam, … - 2013

Financial institutions are connected to each other by a series of bilateral transactions. In normal times, institutions' connections may result in efficient risk transfer. But in crises, connections can facilitate contagion - as initial problems lead to chains of defaults and liquidity shortages...

Persistent link: https://www.econbiz.de/10011984874