This paper extends the transformed maximum likelihood approach for estimation of dynamic panel data models by Hsiao, Pesaran, and Tahmiscioglu (2002) to the case where the errors are cross-sectionally heteroskedastic. This extension is not trivial due to the incidental parameters problem that...

Media plays a significant part of our lives and it has the power to provide us with ideas and/or some perspective on the selected topics. Terrorist attacks cause fear which is spread by media. The fact is that during the biggest 'terrorist fever' in the Czech Republic between 2015-2016, the...

Recent application of the switching regression model to allocate workers into the primary and secondary labor markets is considered to be the best solution to the classification problem of the empirical testing of the dual labor market theory. In such models, normality of the error terms is...

Fundamental education is mainly provided by municipalities according to a decentralized model in which local management transforms resources transferred by the federal government into educational results that are centrally monitored. This mode of operation is conducive to the evaluation of...

Fundamental education is mainly provided by municipalities according to a decentralized model in which local management transforms resources transferred by the federal government into educational results that are centrally monitored. This mode of operation is conducive to the evaluation of...

Does “naming and shaming” of allies by US Presidents work? More precisely, does publicly criticizing members' financial commitments to NATO increase allies' defense spending and improve burden-sharing, or is it counterproductive, leading to lower contributions? We argue that the answer is...

Media plays a significant part of our lives and it has the power to provide us with ideas and/or some perspective on the selected topics. Terrorist attacks cause fear which is spread by media. The fact is that during the biggest “terrorist fever” in the Czech Republic between 2015–2016,...

The current paper reviews statistical methods as integrated with the System Dynamics modeling. The methods described here are mostly statistical in nature, though some are outside the conventional definitions. The use of these techniques need not necessarily bring out positive results always but...