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Our study uses a small area estimation method to estimate the average and inequality of per capita kWh consumption for small areas in Vietnam. It shows evidence of a large spatial heterogeneity in the electric power consumption between districts and provinces in Vietnam. Households in the...
Persistent link: https://www.econbiz.de/10012627822
Measurement errors in macroeconomic aggregates such as GDP have been widely lamented, particularly in low … micro-survey estimates, suggesting real rates of total GDP growth may have been overestimated by 1 percentage point over the …
Persistent link: https://www.econbiz.de/10015273028
Oil market VAR models have become the standard tool for understanding the evolution of the real price of oil and its impact in the macro economy. As this literature has expanded at a rapid pace, it has become increasingly difficult for mainstream economists to understand the differences between...
Persistent link: https://www.econbiz.de/10012174841
A specific concept of structural model is used as a background for discussing the structurality of its parameterization. Conditions for a structural model to be also causal are examined. Difficulties and pitfalls arising from the parameterization are analyzed. In particular, pitfalls when...
Persistent link: https://www.econbiz.de/10011506231
A specific concept of structural model is used as a background for discussing the structurality of its parameterization. Conditions for a structural model to be also causal are examined. Difficulties and pitfalls arising from the parameterization are analyzed. In particular, pitfalls when...
Persistent link: https://www.econbiz.de/10011713803
Persistent link: https://www.econbiz.de/10011581832
Thermodynamic laws are dominant and not deniable, we need to consider those in the context of system theory. From the system's perspective the entropy issue is decisive for the evaluation of future economic options and constraints. The paper sensitizes for entropic adequate firm acts in regard...
Persistent link: https://www.econbiz.de/10015437882
Energy is a fundamental factor in economic development. Although in recent years there is a development in studies on … an energy economics they are focused on specific energy sources. In this study natural gas, electricity and oil … consumption which are the energy sources that the greatest market share of world and Turkey are investigating. In this …
Persistent link: https://www.econbiz.de/10012846932
We propose to exploit stochastic volatility for statistical identification of structural vector autoregressive models (SV-SVAR). We discuss full and partial identification of the model and develop efficient Expectation Maximization algorithms for Maximum Likelihood inference. Simulation evidence...
Persistent link: https://www.econbiz.de/10012831147
Several recent studies have expressed concern that the Haar prior typically imposed in estimating sign-identified VAR models may be unintentionally informative about the implied prior for the structural impulse responses. This question is indeed important, but we show that the tools that have...
Persistent link: https://www.econbiz.de/10012661969