The discovery of the dynamics of a time series requires construction of the transition density, 1-point densities and scaling exponents provide no knowledge of the dynamics. Time series require some sort of statistical regularity, otherwise there is no basis for analysis. We state the possible...

This paper investigates the contribution of evidence-based modelling to grounded theory (GT). It is argued that evidence-based modelling provides additional sources to truly arrive at a theory through the inductive process of a Grounded Theory approach. This is shown by two examples. One example...

The aim of this paper is to obtain some statistical properties about runs of daily returns of ISE30, ISE50 and ISE100 indices and compare these results with the empirical stylized facts of developed stock markets. In this manner, all time historical daily closing values of these indices are...

We develop a general approach to portfolio optimization taking account of estimation risk and stylized facts of empirical finance. This is done within a Bayesian framework. The approximation of the posterior distribution of the unknown model parameters is based on a parallel tempering algorithm....

This paper documents stylized facts of international medium-term business cycles by exploring the pattern of comovement between a catching-up economy, Spain, and each of the obvious candidate countries to technological leadership of the 1950-2007 period, the U.S., France, Germany, Italy and the...

This paper documents stylized facts of international medium-term business cycles by exploring the pattern of comovement between a catching-up economy, Spain, and each of the obvious candidate countries to technological leadership of the 1950-2007 period, the U.S., France, Germany, Italy and the...

Fiscal policy is particularly relevant in dollarized economies. For the case of Ecuador, we analyze the effects of taxes and public spending on the overall performance of the economy for the period 1993-2009. To do this, we use a structural autoregressive vector model (SVAR) incorporating the...

This paper discusses how stylized facts derived from bibliometric studies can be used to build social simulation models of science. Based on a list of six stylized facts of science it illustrates how they can be brought into play to consolidate and direct research. Moreover, it discusses...