One reason why countries service their external debts is the fear that default might lead to shrinkage of international trade. If so, then creditors should systematically lend more to countries with which they share closer trade links. We develop a simple theoretical model to capture this...

This paper presents the results of analysis of innovative activities in the Polish manufacturing enterprises. Using data for the years 2006–2009, the effectiveness of innovative activities is estimated under two groups of models. The results indicate the significantly positively impact of soft...

Transit-oriented development (TOD) is one of the most popular means of public intervention in the field of spatial planning, which aims at reducing land consumption caused by urban sprawl. In this paper, a logit model is computed to assess whether the Municipal Master Plans approved during the...

A survey on the economic and social conditions of households in the city of Modena was carried out in 2002 and in 2006 (two waves) by the CAPP (Centre for Analyses of Public Policies). In the first wave of 2002, each designated sampling unit (i.e., the family) had three units as reserves. If the...

A simulated maximum likelihood (SML) estimator for the random coefficient logit model using aggregate data is found to be more efficient than the widely used generalized method of moments estimator (GMM) of Berry et al. (Econometrica 63:841–890, <CitationRef CitationID="CR4">1995</CitationRef>). In particular, the SML estimator is...</citationref>

Very high costs of systemic banking crises impose the necessity for early warning systems. Purpose of this research is to create an adequate early warning system for systemic banking crises in Montenegro using combination of signal approach and logit model. Beside benchmark model with signal...

We consider a nonlinear vector model called the logistic vector smooth transition autoregressive model. The bivariate single-transition vector smooth transition regression model of Camacho (2004) is generalised to a multivariate and multitransition one. A modelling strategy consisting of...

The paper proposes and develops a smooth transition logit (STL) model that is designed to detect and model situations in which there is structural change in the behaviour underlying the latent index from which the binary dependent variable is constructed. The maximum likelihood estimators of the...