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Using Monte Carlo experiments, we examine the performance of indirect inference tests of DSGE models in small samples, using various models in widespread use. We compare these with tests based on direct inference (using the Likelihood Ratio). We find that both tests have power so that a...
Persistent link: https://www.econbiz.de/10011147727
new tests are bootstrap implementations of score-based tests for the order of integration of a fractionally integrated … using a standard i.i.d. bootstrap admit pivotal asymptotic null distributions in the presence of heteroskedasticity, but … that the corresponding tests based on the wild bootstrap principle do. A Monte Carlo simulation study demonstrates that …
Persistent link: https://www.econbiz.de/10011147854
In this paper we investigate economies of scale and scope of European universities.The proposed approach builds on the notion that university production is a multi-input multi-output process different than standard production activity. The analyses are based on an interesting database which...
Persistent link: https://www.econbiz.de/10011148665
procedure, based on bootstrap techniques, for testing the significance of environmental factors on directional efficiency scores …
Persistent link: https://www.econbiz.de/10011148672
University rankings are the subject of a paradox: the more they are criticized by social scientists and experts on methodological grounds, the more they receive attention in policy making and the media. In this paper we attempt to give a contribution to the birth of a new generation of rankings,...
Persistent link: https://www.econbiz.de/10011148678
This paper demonstrates that the bootstrap procedure suggested by Ferrier and Hirschberg (1997) gives inconsistent …
Persistent link: https://www.econbiz.de/10011154954
calculated via linear programming techniques. Specifically, a bootstrap of the original efficiency scores is performed to derive … confidence intervals and a measure of bias for the scores. The bootstrap generates these measures of statistical precision for …
Persistent link: https://www.econbiz.de/10011154961
, the bootstrap technique allows us to determine the confidence intervals of all components of the labor productivity …
Persistent link: https://www.econbiz.de/10011154973
This paper considers the provision of some important municipal services and applies the non-parametric double bootstrap … inference are invalid, and they develop a bootstrap approach that yields valid inference in second stage regressions when these …
Persistent link: https://www.econbiz.de/10011154976
Hirschberg (1997). A simple experiment is devised to demonstrate that in the one-input, one-output case the bootstrap of the non …-modified DEA scores is not a failure of the bootstrap. Copyright Kluwer Academic Publishers 1999 …
Persistent link: https://www.econbiz.de/10011154987