We propose a new approach for measuring mutual fund style and constructing characteristic-matched performance benchmarks that requires only portfolio holdings and two reference portfolios in each style dimension. The characteristic-matched performance benchmark literature typically follows a...

We propose a new approach for measuring mutual fund style and constructing characteristic-matched performance benchmarks that requires only portfolio holdings and two reference portfolios in each style dimension. The characteristic-matched performance benchmark literature typically follows a...

Achieving agricultural growth and development and thereby improving rural household welfare will require increased efforts to provide yield enhancing and natural resources conserving technologies. Agricultural research and technological improvements are therefore crucial to increase agricultural...

Heckman’s (Ann Econ Soc Meas 15:475–492, <CitationRef CitationID="CR5">1976</CitationRef>; Econometrica 47(1):153–161, <CitationRef CitationID="CR6">1979</CitationRef>) sample selection model has been employed in many applications of linear or nonlinear regression studies. It is well known that ignoring the sample selectivity may result in estimation bias of the estimator....</citationref></citationref>

The new fertilizer subsidies in Sub-Saharan Africa are intended to increase agricultural production and ensure fertilizer market development. Fertilizer adoption requires complementary inputs such as investment in soil and water conservation for efficient and optimal nutrient uptake, and many...

This study investigates the impact of climate change adaptation on farm households’ downside risk exposure (e.g., risk of crop failure) in the Nile Basin of Ethiopia. The analysis relies on a moment-based specification of the stochastic production function. We estimate a simultaneous equations...

We develop and estimate a full information maximum likelihood ordered categorical response model with endogenous switching. Simulation exercises show that estimated parameters are unbias and consistent. And application to Internet access indicates that there are selection and moral hazard.

We analyze the impact of different adaptation strategies on crop net revenues in the Nile Basin of Ethiopia. We estimate a multinomial endogenous switching regression model of climate change adaptation and crop net revenues and implement a counterfactual analysis. Households data are combined...