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Empirical models of capital accumulation estimated on aggregate data series are based on the assumption that capital asset types respond in the same way to cost variables. Likewise, aggregate models do not consider potential heterogeneity in investment behavior originating on the demand side for...
Persistent link: https://www.econbiz.de/10012054683
Persistent link: https://www.econbiz.de/10011717074
this end, within the stochastic frontier framework, we employ true fixed effects model, where the unobserved bank … inefficiency correlates, we first adopt a search algorithm and then utilize the model averaging approach to verify that our results … are not exposed to model selection bias. Overall, our empirical results reveal that cost efficiencies of Turkish banks …
Persistent link: https://www.econbiz.de/10012217549
years. This rich panel data set has been merged with administrative registers. A flexible discrete-time duration model is …
Persistent link: https://www.econbiz.de/10010285596
In this paper we analyse to what extent the outward shift in the Portuguese Beveridge curve since 2007 has been due to structural or cyclical factors and how likely the outward shift will persist. We do this by empirically estimating the Beveridge curve in a Markov-switching panel setting with...
Persistent link: https://www.econbiz.de/10011636179
approach to panel data, our study proposes a Bayesian hierarchical model incorporating the individual effect. The random … coefficients model result shows that the price and income elasticities are estimated to be negative and positive, respectively, and …, the AR(1) error component model suggests that the Japanese residential water demand does not have serial correlation. …
Persistent link: https://www.econbiz.de/10008629488
In this paper, we study the nature of Spanish intra-industry trade and find that intra-industry trade with CEEC, Asian and Mediterranean countries has increased considerably since the middle of the Nineties. The second aim of the paper is to study if the comparative advantage argument also...
Persistent link: https://www.econbiz.de/10005063223
In this paper, we study the nature of Spanish intra-industry trade and find that intra-industry trade with CEEC, Asian and Mediterranean countries has increased considerably since the middle of the Nineties. The second aim of the paper is to study if the comparative advantage argument also...
Persistent link: https://www.econbiz.de/10005449602
doubly heteroscedastic stochastic cost frontier suggested by Hadri (1999) to the model for technical inefficiency effects …. This model is a stochastic frontier production function for panel data as proposed by Battese and Coelli (1995). The study …
Persistent link: https://www.econbiz.de/10005612906
-effects panel data sample selection model that has one selection equation and two regression equations. Other than the condition …
Persistent link: https://www.econbiz.de/10010594084