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This article classifies petrol retail companies in Spain based on their financial ratios using the compositional data analysis (CoDA) methodology. This methodology solves the most common distributional problems encountered in the statistical analysis of financial ratios. The main purpose of this...
Persistent link: https://www.econbiz.de/10014332702
Financial ratios are often used in principal component analysis and related techniques for the purposes of data reduction and visualization. Besides the dependence of results on ratio choice, ratios themselves pose a number of problems when subjected to a principal component analysis, such as...
Persistent link: https://www.econbiz.de/10014494478
economic growth. The proposed expenditure program for 2012 is PHP 171 billion (or 10.4%) higher than the PHP 1.6 trillion … expenditure program for 2011. Close to two-thirds of the increment in the proposed expenditure program net of debt service is … expenditure program net of debt service in 2012 relative to the 2011 program is allocated for all the social service sectors …
Persistent link: https://www.econbiz.de/10011421221
This study presents an evaluation of the National Expenditure Program for 2013. First, this paper projects that the … economic services sectors is emphasized in the 2013 National Expenditure Program, the services sector still accounts for more … than half of the increase in expenditure program in 2013. Finally, the improving debt profile of the country will continue …
Persistent link: https://www.econbiz.de/10011421326
We estimate Engel elasticities of housing expenditures for each independent cross-section of the Consumer Expenditure …
Persistent link: https://www.econbiz.de/10011968093
Economic models often depend on quantities that are unobservable, either for privacy reasons or because they are difficult to measure. Examples of such variables include human capital (or ability), personal income, unobserved heterogeneity (such as consumer "types"), etc. This situation has...
Persistent link: https://www.econbiz.de/10012621150
Hurdle and zero-in ated models are the two foremost methods used to deal with excess zeros. However, their reliance on the nonparticipation assumption is a drawback when applied to recreation demand analysis because there is not a theoretical framework convincingly explaining presence of...
Persistent link: https://www.econbiz.de/10011753317
Acknowledging the fact that the growth experience of countries is seldom well described by the average growth rate, this paper aims at identifying countries that are similar in terms of their growth process, thus emphasizing the dynamics of growth rates. To that end, the growth experience of...
Persistent link: https://www.econbiz.de/10010299164