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Empirical evidence about income convergence among regions and countries is inconclusive and it is necessary to clarify … the economic and institutional conditions for convergence. We investigate movements in the income distribution among … development. The convergence towards a narrower unimodal distribution of per capita income is convincing in this homogenous …
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It is quite common in convergence analyses across regions that data exhibit strong spatial dependence. While the …-filtering. Using this tool, we then reconsider the evidence on convergence across regional economies in the US. …
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Brown et al. (2006) derive a Stein-type inequality for the multivariate Student-t distribution. We generalize their result to the family of (multivariate) generalized hyperbolic distributions and derive a lower bound for the variance of a function of a random variable
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A multivariate distribution possessing arbitrarily parameterized Pareto margins is formulated and studied. The distribution is believed to allow for an adequate modeling of dependent heavy tailed risks with a non-zero probability of simultaneous loss. Numerous links to certain nowadays existing...
Persistent link: https://www.econbiz.de/10014192970
A multivariate distribution possessing arbitrarily parameterized Pareto margins is formulated and studied. The distribution is believed to allow for an adequate modeling of dependent heavy tailed risks with a non-zero probability of simultaneous loss. Numerous links to certain nowadays existing...
Persistent link: https://www.econbiz.de/10014153813
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