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This study investigates the water demand of Indian manufacturing plants. It adopts an input distance function approach and approximates it by a translog form. Duality between cost function and input distance function is exploited to retrieve information concerning substitutability and the shadow...
Persistent link: https://www.econbiz.de/10004976656
Timber supply has traditionally been modelled using aggregate data. In this paper, we build aggregate supply models for four roundwood products for the US state of North Carolina from a stand-level harvest choice model applied to detailed forest inventory. The simulated elasticities of pulpwood...
Persistent link: https://www.econbiz.de/10005503370
Ecofin and Oecd methodology is used to reconstruct the historical evolution of public current health care expenditure for Italy and Lazio (an Italian Region). The reconstructed evolutions allow to detect what have been the per-capita expenditures per age brackets in absolute values (Euro) in...
Persistent link: https://www.econbiz.de/10011108541
Persistent link: https://www.econbiz.de/10008575438
. According to simulation experiments based on real fertility data from India, the estimated effect of this obviously endogenous …
Persistent link: https://www.econbiz.de/10005818155
Persistent link: https://www.econbiz.de/10005738573
by INSEE and the French Treasury. This working paper presents the new version of the model. The data used in the re-estimation … supply-side determinants. The re-estimation of the model has enabled us to take into account the structural evolutions of the … French economy that have occurred since the last estimation (notably in terms of changes in labour productivity growth, the …
Persistent link: https://www.econbiz.de/10008466043
Optimization algorithms must be among the most common numerical methods used by economists. Yet, there is surprisingly little guidance on choosing the appropriate one. This problem is most notable with regard to conventional versus global optimizers. Typically, a global optimizer is used when a...
Persistent link: https://www.econbiz.de/10005134567
distribution specifications or historical and Monte Carlo simulation methods. Although these approaches to overall VaR estimation … assumptions on the underlying statistical distributions, a variety of analytical methods and simulation-based methods are … simulation context.<BR> This paper tries to fill this gap by investigating these VaR concepts in a general distribution …
Persistent link: https://www.econbiz.de/10005144576
We propose a simulated maximum likelihood estimator for dynamic models based on non-parametric kernel methods. Our method is designed for models without latent dynamics from which one can simulate observations but cannot obtain a closed-form representation of the likelihood function. Using the...
Persistent link: https://www.econbiz.de/10005114113