Showing 1 - 10 of 178
<Para ID="Par1">Sri Lanka’s Termination of Employment of Workmen Act (TEWA) requires that firms with 15 or more workers justify layoffs and provide generous severance pay to displaced workers, with smaller firms being exempted. Although formally subject to TEWA, firms in Export Promotion Zones (EPZs) do not...</para>
Persistent link: https://www.econbiz.de/10011152306
In the domain of measuring productivity, the stochastic frontier (SF) model has advanced in leaps and bounds and attracted a large amount of academic attention. Inherently, the model utilises input/output combinations of production units as references to construct a frontier for measuring...
Persistent link: https://www.econbiz.de/10011213123
The paper investigates the impact of jumps in forecasting co-volatility, accommodating leverage effects. We modify the jump-robust two time scale covariance estimator of Boudt and Zhang (2013)such that the estimated matrix is positive definite. Using this approach we can disentangle the...
Persistent link: https://www.econbiz.de/10011257254
games designed to model common-pools in which there existed such a threshold: one with complete information of the threshold …, one with incomplete information of the threshold and one with sporadically enforced targets. By design the true threshold … was unknown to the players in the role of policymaker, and the guesses of the threshold value were allowed to change …
Persistent link: https://www.econbiz.de/10011203021
This paper proposes a contemporaneous-threshold multivariate smooth transition autoregressive (C-MSTAR) model in which … the regime weights depend on the ex ante probabilities that latent regime-specific variables exceed certain threshold …
Persistent link: https://www.econbiz.de/10008622207
threshold is a time-varying function of variables that affect the separation of regimes of the time series under consideration … best thought of in relative terms. State-dependent logistic STAR and contemporaneous-threshold STAR models are introduced … threshold is allowed to be a function of past output growth and inflation. …
Persistent link: https://www.econbiz.de/10008622209
Persistent link: https://www.econbiz.de/10008925909
International Coffee Agreement (ICA) in 1990. Our results confirm the presence of threshold effects in both periods (ICA and post …
Persistent link: https://www.econbiz.de/10009021029
Assume we have a dataset, Z say, from the joint distribution of random variables X and Y , and two further, independent datasets, X and Y, from the marginal distributions of X and Y , respectively. We wish to combine X, Y and Z, so as to construct an estimator of the joint density. This problem...
Persistent link: https://www.econbiz.de/10009219832
During 2010, minimum academic standards for Australian bachelor and master degree programmes in accounting were formulated. These were developed for a new higher education system predicated on expansion, including participation targets and demand-driven funding for public institutions, and a...
Persistent link: https://www.econbiz.de/10009225188