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Measuring activities of multinational enterprise groups via large cases units

Hussain, Mushtaq; Peltola, Rami; Mahajan, Sanjiv - In: Eurostat Review on National Accounts and Macroeconomic … (2019) 1, pp. 43-58

MNE groups stand at the centre of economic globalisation. They play a very important role cutting across most economies in the world. This paper presents the rationale, and the recommendation, as to why national statistical institutes (NSIs) should establish a team of experts (also named large...

Persistent link: https://www.econbiz.de/10015192766

Score-driven time-varying parameter models with splinebased densities

van Brummelen, Janneke; Gorgi, Paolo; Koopman, Siem Jan - 2025

We develop a score-driven time-varying parameter model where no particular parametric error distribution needs to be specified. The proposed method relies on a versatile spline-based density, which produces a score function that follows a natural cubic spline. This flexible approach nests the...

Persistent link: https://www.econbiz.de/10015209990

Permutation tests on returns to scale and common production frontiers in nonparametric models

Rønn-Nielsen, Anders; Kronborg, Dorte; Asmild, Mette - 2022

Permutation techniques, where one recompute the test statistic over permutations of data, have a long history in statistics and have become increasingly useful as the availability of computational power has increased. Until now, no permutation tests for examining returns to scale assumptions,...

Persistent link: https://www.econbiz.de/10013346916

Asymptotic properties of the weighted average least squares (WALS) estimator

De Luca, Giuseppe; Magnus, Jan; Peracchi, Franco - 2022

We investigate the asymptotic behavior of the WALS estimator, a model-averaging estimator with attractive finite-sample and computational properties. WALS is closely related to the normal location model, and hence much of the paper concerns the asymptotic behavior of the estimator of the unknown...

Persistent link: https://www.econbiz.de/10013356478

Overreaction through Anchoring

Bürgi, Constantin; Ortiz, Julio L. - 2022

We show that updates to macroeconomic expectations among professional forecasters exhibit an offsetting pattern where increases in current-quarter predictions lead to decreases in three quarter ahead predictions. We further document evidence of individual overreaction at the quarterly frequency...

Persistent link: https://www.econbiz.de/10014290103

Rationality is not consistency

Caliari, Daniele - 2023

We challenge the standard definition of economic rationality as consistency by making use of a novel distinction … between axioms of decision theory: consistency and preference axioms. We argue that this distinction has been overlooked by … the literature and, as a result, evidence that consistency is a proxy of decision-making ability is often based on …

Persistent link: https://www.econbiz.de/10014327659

Estimation of conditional distribution functions from data with additional errors applied to shape optimization

Hansmann, Matthias; Horn, Benjamin M.; Kohler, Michael; … - In: Metrika 85 (2021) 3, pp. 323-343

estimate of the codf, based on data with errors, which ensure strong pointwise consistency. We show that two of the three …

Persistent link: https://www.econbiz.de/10014497465

Estimating a gradual parameter change in an AR(1)-process

Hušková, Marie; Prášková, Zuzana; Steinebach, Josef G. - In: Metrika 85 (2021) 7, pp. 771-808

Persistent link: https://www.econbiz.de/10014497477

The quarter median

Baringhaus, Ludwig; Grübel, Rudolf - In: Metrika 85 (2021) 4, pp. 419-458

We introduce and discuss a multivariate version of the classical median that is based on an equipartition property with respect to quarter spaces. These arise as pairwise intersections of the half-spaces associated with the coordinate hyperplanes of an orthogonal basis. We obtain results on...

Persistent link: https://www.econbiz.de/10014497608

Kompatibilität aus der Perspektive des Designs

Kießling, Marion - In: Zeitschrift für Arbeitswissenschaft 76 (2021) 3, pp. 318-326

Ergonomen wie Designer planen Mensch-Maschine-Systeme mit dem Ziel, den technischen Teil des Systems den menschlichen Eigengesetzlichkeiten anzupassen – Kompatibilität der Maschine mit dem Menschen herzustellen. Trotz des gemeinsamen Ziels gehen beide Disziplinen unterschiedlich mit dieser...

Persistent link: https://www.econbiz.de/10014501433