This study addresses the issue of the presence of a unit root on the growth rate estimation by the least-squares approach. We argue that when the log of a variable contains a unit root, i.e., it is not stationary then the growth rate estimate from the log-linear trend model is not a valid...

This study examines the inter-industry wage structure of the organised manufacturing sector in India for the period 1973-74 to 2003-04 by estimating the growth of average real wages for production workers by industry. In order to estimate the growth rates, the study adopts a methodological...

A method of small-area estimation with a utility function is developed. The utility characterises a policy planned to be implemented in each area, based on the area’s estimate of a key quantity. It is shown that the commonly applied empirical Bayes and composite estimators are inefficient for...

The main objective of this paper is to expose the evolution of R, as the most used data analysis tool among statisticians and the academic researchers. Its flexibility and complexity simply gained the statisticians and data scientists. The paper examines some of the reasons behind the popularity...

Chan and Maheu (2002) developed a GARCH-jump mixture model, namely, the GARCH-jump with autoregressive conditional jump intensity (GARJI) model, in which two conditional independent processes, i.e., a diffusion and a compounded Poisson process, are used to describe stock price movements caused...

Researchers often use the discrepancy between the self-reported and biochemically assessed active smoking status to argue that self-reported smoking status is not reliable, ignoring the limitations of biochemically assessed measures and treating it as the gold standard in their comparisons....

This paper investigates the rise and fall of the IV method in macro-econometric models and its subsequent revival in micro-econometric models. The key findings are: (i) the IV method implicitly breaks the contemporaneously circular causality postulated in a simultaneousequation model (SEM) by...

We examine how the criteria for choosing estimation samples affect the ability to detect discretionary accruals, using several variants of the Jones (1991) model. Researchers commonly estimate accruals models in cross-section, and define the estimation sample as all firms in the same industry....

The role of households in the non market production and the importance of the household production has come topical in the last few years as a result of studies on the measurement of economic well-being of society. Non-market household production covers the goods and services household members...

The present paper exposes an overview of the state-of-the-art of R statistical software in the official statistics in Romania, predominantly in the social statistics. Examples on data analysis and econometric models of Small Area Estimation successfully completed are given.The scientific...