In this paper we derive several new results with respect to the Gini index for a quadratic Pen’s parade, building upon recent results by Mussard et al. (2011). To ensure that our results are relevant to many applied settings we impose only the parameter restrictions that guarantee the...

In this paper, we provide alternative derivations of the Gini index for a quadratic Pen's parade without imposing unnecessary restrictions on its parameters. It turns out that in sufficiently large samples the reference value of the Gini index for a quadratic Pen's parade is 1/2 (as opposed to...

Previous literature has found that politically conservative individuals express a lower willingness to pay (WTP) for environmental goods than left-wing supporters. Using data from three surveys valuing water we investigate the role of context by evaluating whether the means of provision (public...

This paper studies nonlinear, threshold, models in which some of the regressors can be endogenous. An estimation strategy based on instrumental variables was originally developed for dynamic panel models and we extend it to time series models. We apply this methodology to a forward-looking...

Industrial water use is an important part of most developed economies' total water use and one which is differentiated from other sectors' water use by the prevalence of recycling. Previous research applied to cross sectional surveys has identified the role of input prices and the scale of plant...

This paper examines structural change tests based on generalized empirical likelihood methods in the time series context. Standard structural change tests for GMM with strongly identified parameters are adapted to the GEL context. We show that when moment conditions are properly smoothed, these...

This paper extends the work in Orphanides (2003) by re-examining the empirical evidence for a Taylor rule in a nonlinear framework. In doing so, it updates the Greenbook dataset used by the afore men- tioned author to the most recent available period. A three-regime threshold regression model is...

The paper evaluates the reliability of the information content of individual financial variables for Canada’s future output growth. We estimate the timing of structural changes in linear growth models and check robustness to specification changes, multiple breaks, and business cycle...