Showing 3,881 - 3,890 of 4,082
identification problem in estimating elasticities, i.e. the issue of having to solve for unique values of the parameters of the …
Persistent link: https://www.econbiz.de/10011110694
This paper discusses identification of systems of simultaneous cointegrating equations with integrated variables of … order two. Rank and order conditions for identification are provided for general linear restrictions, as well as for …
Persistent link: https://www.econbiz.de/10011111635
The paper aims at systematic placement of identification concept within Bayesian approach. Pointing to some … deficiencies of the standard Bayesian language to describe identification problem we propose several useful characterizations that … them. Moreover we introduce the concepts of uniform, marginal and faithful identification. We argue that all these concepts …
Persistent link: https://www.econbiz.de/10011112950
We provide some generalization and clarification of the identification conditions for Structural VAR (SVAR) models … addition we give necessary and sufficient conditions for identification almost everywhere in SVAR under homogenous restrictions …
Persistent link: https://www.econbiz.de/10011113520
inefficiency is mixed with measurement error (statistical noise) in this approach. The result is that inefficiency is contaminated … with noise. Later stochastic frontier approach improves the situation with allowing a statistical noise in the model which …
Persistent link: https://www.econbiz.de/10011114275
. The identification of structural shocks in FAVAR can involve infinitely many restrictions as the number of cross sections …
Persistent link: https://www.econbiz.de/10011117422
This paper discusses nonparametric identification in a model of sorting in which location choices depend on the … empirical results consistently suggest the presence of strong social externalities, that is a dependence of location choices on …
Persistent link: https://www.econbiz.de/10011117749
I describe a new method for imposing zero restrictions (both short and long-run) in combination with conventional sign-restrictions. In particular I extend the Rubio-Ramirez et al.(2010) algorithm for applying short and long-run restrictions for exactly identified models to models that are...
Persistent link: https://www.econbiz.de/10011162488
We analyze the quantitative importance of bank lending shocks on real activity fluctuations in Norway and the UK, using structural VARs estimated on quarterly data from 1988 to 2010. We find that an adverse bank lending shock causes output to contract, and that such shocks can account for a...
Persistent link: https://www.econbiz.de/10011056676
This paper introduces a new method for identifying the simultaneity between returns and trading flows. The proposed method enables us to identify the intraday interaction using daily data, and provides measures of the information content of trading flows, and their instantaneous response to...
Persistent link: https://www.econbiz.de/10011065736