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Measurement Error in Education and Growth Regressions

Portela, Miguel; Alessie, Rob; Teulings, Coen N. - 2004

The perpetual inventory method used for the construction of education data per country leads to systematic measurement … error. This paper analyses the effect of this measurement error on GDP regressions. There is a systematic difference in the … the measurement error. The standard attenuation bias suggests that using these corrected data would lead to a higher …

Persistent link: https://www.econbiz.de/10010325186

A Comonotonic Image of Independence for Additive Risk Measures

Goovaerts, Marc J.; Kaas, Rob; Laeven, Roger J.A.; … - 2004

This paper presents a new axiomatic characterization of risk measures that are additive for independent random variables. In contrast to previous work, we include an axiom that guarantees monotonicity of the risk measure. Furthermore, the axiom of additivity for independent random variables is...

Persistent link: https://www.econbiz.de/10010325273

The Remarkable Place of the UV-Curve in Economic Theory

Rodenburg, Peter - 2007

The purpose of this paper is to provide an analysis of the impact the UV-curve had on economic theory and to provide an account of the subsequent radical changes in its place and role over the decades since its first appearance in 1958. The paper traces the historical development of the UV-curve...

Persistent link: https://www.econbiz.de/10010325288

Multiple Causation and the Measurement of Unemployment

Rodenburg, Peter - 2004

decomposing unemployment into classes of unemployment and the measurement of each of these classes by reference to stable …

Persistent link: https://www.econbiz.de/10010325353

Derived Measurement in Macroeconomics: Two Approaches for Measuring the NAIRU Considered

Rodenburg, Peter - 2007

This paper investigates two different procedures for the measurement of the NAIRU; one based on structural modeling … while the other is a statisticai approach using Vector Auto Regression (VAR)-models. Both measurement procedures are … assessed by confronting them with the dominant theory of measurement, the Representation Theory of Measurement, which states …

Persistent link: https://www.econbiz.de/10010325543

Sustainable Nations: What do Aggregate Indicators tell us?

Pillarisetti, J. Ram; van den Bergh, Jeroen C.J.M. - 2008

What is a 'sustainable nation’ and how can we identify and rank ‘sustainable nations’? Are nations producing and consuming in a sustainable way? Aggregate indicators have been proposed to answer these questions. This paper quantitatively compares three aggregate indicators of...

Persistent link: https://www.econbiz.de/10010325664

Forecasting Aggregate Productivity using Information from Firm-Level Data

Bartelsman, Eric J.; Wolf, Zoltan - 2009

This paper contributes to the productivity literature by using results from firm-level productivity studies to improve forecasts of macro-level productivity growth. The paper employs current research methods on estimating firm-level productivity to build times-series components that capture the...

Persistent link: https://www.econbiz.de/10010325710

The Downside Risk of Heavy Tails induces Low Diversification

Hyung, Namwon; de Vries, Casper G. - 2010

Actual portfolios contain fewer stocks than are implied by standard financial analysis that balances the costs of diversification against the benefits in terms of the standard deviation of the returns. Suppose a safety first investor cares about downside risk and recognizes the heavytail feature...

Persistent link: https://www.econbiz.de/10010325744

Model-based Estimation of High Frequency Jump Diffusions with Microstructure Noise and Stochastic Volatility

Bos, Charles S. - 2008

When analysing the volatility related to high frequency financial data, mostly non-parametric approaches based on realised or bipower variation are applied. This article instead starts from a continuous time diffusion model and derives a parametric analog at high frequency for it, allowing...

Persistent link: https://www.econbiz.de/10010326060

Analysis of Regional Innovation Performance in Portugal - Results from an External Logistic Biplot Method

Galindo, Purificacion Vicente; de Noronha Vaz, Teresa; … - 2011

Portuguese strategic choices regarding innovation and R&D policy have, over the past two decades, produced various positive achievements, in which the regions of Lisbon and Algarve have taken the lead, and are the only ones in the country to converge towards the European average growth rate....

Persistent link: https://www.econbiz.de/10010326179