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economic hypotheses. The issue is formulated in the context of recent philosophical accounts on the nature of models and …
Persistent link: https://www.econbiz.de/10011592192
duration. Reactions to Domar' s approach at the time brought about methodological assertions on the distinction between models …
Persistent link: https://www.econbiz.de/10011592244
Virtually all Latin American and Caribbean countries have established specialized organizations to promote their exports. Existing analyses of these organizations are at best partial and fragmentary. This paper aims at overcoming these limitations of the literature by presenting a consistent,...
Persistent link: https://www.econbiz.de/10011314068
Environmental resources constitute the 'raw materials' for tourism. This sector represents the driving force behind the economy of small islands. The sustainable use and a rational policy of conservation of these resources are prerequisites to enable their full exploitation. However, island...
Persistent link: https://www.econbiz.de/10011335688
as growth models have been different. The major objective of this paper is to compare the policies, institutions … terms of trends and patterns of growth and development, economic models, sources and drivers of growth; achievements …
Persistent link: https://www.econbiz.de/10011451414
discrete choice models in the absence of state dependence. This assumption extends Luce's axiom; Independence from Irrelevant …
Persistent link: https://www.econbiz.de/10010330292
In the general linear errors-in-variables model the main results have been derived under the assuption that the measurement errors are uncorrelated. However, as recognized by Bekker, Kapteyn and Wansbeek (BKW) (1997) and Lach (1993) this is often a problematic assumption to maintain in empirical...
Persistent link: https://www.econbiz.de/10010330295
model-world comparisons as well as the ontology of models and their targets. Without such commitments it is not feasible to … based on an antirealist fictional view of models, a commitment to realism about mathematical objects, and the DEKI account … regularly apply validation techniques to assess the realisticness of models. This practice can nicely be accommodated for in the …
Persistent link: https://www.econbiz.de/10011984905
We add discrete jumps in the time-to-maturity of a firm's debt to the model of Engle and Siriwardane (2015), such that changes in equity volatility can be explained by the volatility of the firm's assets, its market leverage and investors' perception of the time-to-maturity of the firm's debt....
Persistent link: https://www.econbiz.de/10012059465
in prices of CoCos, we introduce models which incorporate most of the characteristics and risks of CoCos. The models …
Persistent link: https://www.econbiz.de/10012059469