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A theory of decision making is proposed that offers an axiomatic basis for the notion of satisficing postulated by Herbert Simon. The theory relaxes the standard assumption that the decision maker always fully perceives his preferences among the available alternatives, requiring instead that his...
Persistent link: https://www.econbiz.de/10010284092
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/10010491398
governance threshold of -1.210 and an infrastructure threshold of 2.583, indicating that countries with governance and …
Persistent link: https://www.econbiz.de/10015070278
Die vorliegende Studie stellt eine Laboruntersuchung an acht Versuchspersonen dar, die mit Hilfe einer Postkorbübung drei unterschiedlichen Belastungsstufen aufgrund von steigender Informationsmenge ausgesetzt werden. Es wird untersucht, ob Informationsmenge ein psychischer Belastungsfaktor ist...
Persistent link: https://www.econbiz.de/10015166292
inflation threshold of 16.4% with considerable inflation accommodation instead of targeting it. We question the logic behind the … period, the estimated inflation threshold and the structure of the Ghanaian economy raise questions of feasibility of …
Persistent link: https://www.econbiz.de/10014001437
development. Third, the favorable effect of natural resources on economic growth requires a governance threshold of -1.210 and an … infrastructure threshold of 2.583 indicating that countries with governance and infrastructure level higher than these values tend to …
Persistent link: https://www.econbiz.de/10014278350
panel threshold model, as stimulated by Kremer et al. (2013). Threshold models have gained a great importance in economics … and finance for modelling nonlinear behaviour. Threshold models are useful in showing the turning points in the behaviour … the results, and finally Section 6 which is the conclusion. The paper adopts dynamic panel threshold model of Kremer et al …
Persistent link: https://www.econbiz.de/10015394483
Purpose - The main purpose of this study is to evaluate the threshold impact of foreign direct investment (FDI) on … employed the autoregressive distributed lag (ARDL) models, error correction models and smooth threshold regression techniques … threshold value of FDI that would induce a positive trade balance for Ghana is 7.825%. Moreover, it was established that there …
Persistent link: https://www.econbiz.de/10015413508
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/10009444363
growth. This paper utilized a quarterly time series data for the period 1981 - 2009 to estimate a threshold level of … inflation for Nigeria. Using a threshold regression model developed by Khan and Senhadji (2001), the study estimated a threshold … inflation level of 13 per cent for Nigeria. Below the threshold level, inflation has a mild effect on economic activities, while …
Persistent link: https://www.econbiz.de/10011482569