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In this paper the interest is in testing whether a regression function is polynomial of a certain degree. One possible approach to this testing problem is to do a parametric polynomial fit and a nonparametric fit and to reject the null hypothesis of a polynomial function if the distance between...
Persistent link: https://www.econbiz.de/10014165119
We consider the estimation of a structural vector autoregressive model of nonstationary and possibly cointegrated …
Persistent link: https://www.econbiz.de/10005170545
enable estimation of the parameters by GMM. As standard Wald tests based on efficient two-step GMM estimation results are …
Persistent link: https://www.econbiz.de/10005509534
enable estimation of the parameters by GMM. As standard Wald tests based on efficient two-step GMM estimation results are …
Persistent link: https://www.econbiz.de/10005577209
The most widely used measure of segregation is the dissimilarity index, D. It is now well understood that this measure also reflects randomness in the allocation of individuals to units; that is, it measures deviations from evenness not deviations from randomness. This leads to potentially large...
Persistent link: https://www.econbiz.de/10005577250
available in standard estimation reports are provided. I emphasize that frequentist approaches for deciding between the null and …
Persistent link: https://www.econbiz.de/10011078382
This paper addresses the specification of the econometric models used in the paper “Level of Development, Rate of Economic Growth, and Income Inequality†by Jih Y. Chang and Rati Ram (2000). We find that when accounting for regional heterogeneity, the Kuznets hypothesis no longer...
Persistent link: https://www.econbiz.de/10008484425
This paper analyzes the higher-order properties of nested pseudo-likelihood (NPL) estimators and their practical implementation for parametric discrete Markov decision models in which the probability distribution is defined as a fixed point. We propose a new NPL estimator that can achieve...
Persistent link: https://www.econbiz.de/10010292031
This paper analyzes the higher-order properties of nested pseudo-likelihood (NPL) estimators and their practical implementation for parametric discrete Markov decision models in which the probability distribution is defined as a fixed point. We propose a new NPL estimator that can achieve...
Persistent link: https://www.econbiz.de/10011940681
The first systematic research on Location Theory dates back to 1826. Quantitative approaches came much later. On the supply side extensive Input-Output Tables can be mentioned and on the demand side the optimization by Multi-Criteria Decision Making. The advantages of Input-Output Tables for...
Persistent link: https://www.econbiz.de/10014544513