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Persistent link: https://www.econbiz.de/10011228019
Most of the literature on the relationship between firm’s participation in international markets and firm heterogeneity focuses on export and foreign direct investment. This paper considers a wider range of forms of internationalisation that firms could combine into different patterns. With...
Persistent link: https://www.econbiz.de/10010728061
In this paper, we explore the internationalization pattern of firms and its relationship with the firms’ heterogeneity. Besides the more traditional exports and Foreign Direct Investments (FDI), we consider various forms of non-equity internationalization. The use of a Multivariate Probit...
Persistent link: https://www.econbiz.de/10008492240
Persistent link: https://www.econbiz.de/10005042394
The sample selection model is based upon a bivariate or a multivariate structure, and distributional assumptions are in this context more severe than in univariate settings, due to the limited availability of tractable multivariate distributions. While the standard FIML estimation of the...
Persistent link: https://www.econbiz.de/10011324951
Distributional assumptions are crucial in the estimation of the value of public projects assessed by means of contingent valuation analyses, and it would seem obvious that tests for model specification should play an important part in the statistical analysis. It can be observed, though, that...
Persistent link: https://www.econbiz.de/10011608796
Selectivity bias caused by protest responses in Contingent Valuation studies can be detected and corrected by means of sample selection models. This paper compares two methods: the Heckman 2-steps method and the full ML, applied to data on forest recreation - where WTP is elicited as a...
Persistent link: https://www.econbiz.de/10011608859
This study adopts a discrete choice modelling methodology to evaluate individuals' preferences over planning alternatives for an urban site of environmental interest. Since such projects involve some uncertainty and irreversibility, a special attention is devoted to the estimation of the...
Persistent link: https://www.econbiz.de/10010279475
Persistent link: https://www.econbiz.de/10003742975
This study adopts a discrete choice modelling methodology to evaluate individuals' preferences over planning alternatives for an urban site of environmental interest. Since such projects involve some uncertainty and irreversibility, a special attention is devoted to the estimation of the...
Persistent link: https://www.econbiz.de/10008780590