Showing 1 - 10 of 32
The effect of 12 different combinations of diffuse–global correlations and tilted surface radiation models on the accuracy of PV output simulation of a grid-connected photovoltaic (PV) system was studied using statistical methods. A site specific diffuse–global correlation was developed...
Persistent link: https://www.econbiz.de/10011044423
Persistent link: https://www.econbiz.de/10005061364
Using the FEER approach we investigate the long-run equilibrium paths of the real effective exchange rates (REERs) of countries in the West African Economic and Monetary Union (WAEMU). In an attempt to address econometric estimation uncertainty, we employ both single-country (Johansen and ARDL)...
Persistent link: https://www.econbiz.de/10005826283
Using Archimedean copulas, we investigate the dependence structure existing between several series of financial assets log-returns that come from different markets. These series are considered as components of a portfolio and they are investigated on a long period including high shocks. To...
Persistent link: https://www.econbiz.de/10005510644
This paper analyzes the dynamics of prices and wages using a limited information approach to estimation. I estimate a two-equation model for the determination of prices and wages derived from an optimization-based dynamic model in which both goods and labor markets are monopolistically...
Persistent link: https://www.econbiz.de/10005420606
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This paper discusses a practical estimation issue for time-varying transition probability (TVTP) Markov switching models. Time-varying transition probabilities allow researchers to capture important economic behavior that may be missed using constant (or fixed) transition probabilities. Despite...
Persistent link: https://www.econbiz.de/10005410794
The estimation of large vector autoregressions with stochastic volatility using standard methods is computationally very demanding. In this paper we propose to model conditional volatilities as driven by a single common unobserved factor. This is justified by the observation that the pattern of...
Persistent link: https://www.econbiz.de/10011133739
Many dynamic problems in economics are characterized by large state spaces, which make both computing and estimating the model infeasible. We introduce a method for approximating the value function of high-dimensional dynamic models based on sieves and establish results for the: (a) consistency,...
Persistent link: https://www.econbiz.de/10011133750