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The EU-US Relations in An Emerging Multipolar World
Hincu, Roxana - In: CES Working Papers 6 (2014) 2a, pp. 111-122
relations: neorealism, neoliberalism and constructivism. A combination of the main assumptions of the three approaches brings … governance. Nevertheless, where the systemic theories such as neorealism and neoliberalism fall short in explaining the … transatlantic relations, constructivism, with its focus on actor identity succeeds in offering a dynamic account of them. …
Persistent link: https://www.econbiz.de/10012017154
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On the Economics of Regional Powers: Comparing China, India, Brazil, and South Africa
Kappel, Robert - 2010
As the conception of and debates on regional powers have been led by political science, this pa-per aims to contribute to the discussion from an economics perspective. Based on the discussion of different concepts of economic power - such as those of Schumpeter, Perroux, Predöhl, or...
Persistent link: https://www.econbiz.de/10010293523
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Deforestación en Bolivia: Una aproximación espacial
Aliaga Lordemann, Javier; Villegas Quino, Horacio; … - 2010
Persistent link: https://www.econbiz.de/10010294102
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Modeling House Prices using Multilevel Structured Additive Regression
Brunauer, Wolfgang; Lang, Stefan; Umlauf, Nikolaus - 2010
This paper analyzes house price data belonging to three hierarchical levels of spatial units. House selling prices with associated individual attributes (the elementary level-1) are grouped within municipalities (level-2), which form districts (level-3), which are themselves nested in counties...
Persistent link: https://www.econbiz.de/10010294764
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Multivariate Stochastic Volatility via Wishart Processes - A Continuation
Rinnergschwentner, Wolfgang; Tappeiner, Gottfried; … - 2011
This paper picks up on a model developed by Philipov and Glickman (2006) for modeling multivariate stochastic volatility via Wishart processes. MCMC simulation from the posterior distribution is employed to fit the model. However, erroneous mathematical transformations in the full conditionals...
Persistent link: https://www.econbiz.de/10010294794
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Testing for structural breaks in dynamic factor models
Breitung, Jörg; Eickmeier, Sandra - 2009
From time to time, economies undergo far-reaching structural changes. In this paper we investigate the consequences of structural breaks in the factor loadings for the specification and estimation of factor models based on principal components and suggest test procedures for structural breaks....
Persistent link: https://www.econbiz.de/10010298752
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Ratingmodell zur Quantifizierung des Ausfallrisikos von LBO-Finanzierungen
Lang, Michael; Cremers, Heinz; Hentze, Rainald - 2010
Credit risk measurement and management become more important in all financial institutions in the light of the current financial crisis and the global recession. This particularly applies to most of the complex structured financing forms whose risk cannot be quantified with com-mon rating...
Persistent link: https://www.econbiz.de/10010299985
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The R-package MitISEM: Efficient and Robust Simulation Procedures for Bayesian Inference
Basturk, Nalan; Grassi, Stefano; Hoogerheide, Lennart; … - 2015
This paper presents the R-package <B>MitISEM</B> (mixture of <I>t</I> by importance sampling weighted expectation maximization) which provides an automatic and flexible two-stage method to approximate a non-elliptical target density kernel -- typically a posterior density kernel -- using an adaptive mixture...</i></b>
Persistent link: https://www.econbiz.de/10011288392
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Regularized Estimation of Structural Instability in Factor Models: The US Macroeconomy and the Great Moderation
Callot, Laurent; Kristensen, Johannes Tang - 2015
This paper shows that the parsimoniously time-varying methodology of Callot and Kristensen (2015) can be applied to factor models. We apply this method to study macroeconomic instability in the US from 1959:1 to 2006:4 with a particular focus on the Great Moderation. Models with parsimoniously...
Persistent link: https://www.econbiz.de/10011288409
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Mitigating Hypothetical Bias: Evidence on the Effects of Correctives from a Large Field Study
Frondel, Manuel; Andor, Mark; Vance, Colin - 2015
The overestimation of willingness-to-pay (WTP) in hypothetical responses is a well-known finding in the literature. Various techniques have been proposed to remove or, at least, reduce this bias. Using about 30,000 responses on WTP for a variety of power mixes from a panel of 6,500 German...
Persistent link: https://www.econbiz.de/10011301586