Omitted Variable Tests And Dynamic Specification

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Omitted Variable Tests and Dynamic Specification

Author : Björn Schmolck
Publisher : Springer Science & Business Media
ISBN 13 : 3642583245
Total Pages : 149 pages
Book Rating : 4.6/5 (425 download)

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Book Synopsis Omitted Variable Tests and Dynamic Specification by : Björn Schmolck

Download or read book Omitted Variable Tests and Dynamic Specification written by Björn Schmolck and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 149 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book deals with the omitted variable test for a multivariate time-series regression model. The empirical motivation is the homogeneity test for a consumer demand system. The consequences of using a dynamically misspecified omitted variable test are shown in detail. The analysis starts with the univariate t-test and is then extended to the multivariate regression system. The small sample performance of the dynamically correctly specified omitted variable test is analysed by simulation. Two classes of tests are considered: versions of the likelihood ratio test and the robust Wald test which is based on a heteroskedasticity and autocorrelation consistent variance-covariance estimator (HAC).

Omitted Variable Tests and Dynamic Specification

Author : Björn Schmolck
Publisher : Springer
ISBN 13 : 9783642583254
Total Pages : 144 pages
Book Rating : 4.5/5 (832 download)

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Book Synopsis Omitted Variable Tests and Dynamic Specification by : Björn Schmolck

Download or read book Omitted Variable Tests and Dynamic Specification written by Björn Schmolck and published by Springer. This book was released on 2011-09-26 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Omitted Variables and Misspecification Testing Using Auxiliary Regressions

Author : Aris Spanos
Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.:/5 (36 download)

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Book Synopsis Omitted Variables and Misspecification Testing Using Auxiliary Regressions by : Aris Spanos

Download or read book Omitted Variables and Misspecification Testing Using Auxiliary Regressions written by Aris Spanos and published by . This book was released on 1985 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Econometrics: Alchemy Or Science?

Author : David F. Hendry
Publisher : Oxford University Press, USA
ISBN 13 : 0198293542
Total Pages : 561 pages
Book Rating : 4.1/5 (982 download)

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Book Synopsis Econometrics: Alchemy Or Science? by : David F. Hendry

Download or read book Econometrics: Alchemy Or Science? written by David F. Hendry and published by Oxford University Press, USA. This book was released on 2000-10-26 with total page 561 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Econometrics: Alchemy or Science?" analyses the effectiveness and validity of applying econometric methods to economic time series. The methodological dispute is long-standing, and no claim can be made for a single valid method, but recent results on the theory and practice of model selection bid fair to resolve many of the contentious issues.The book presents criticisms and evaluations of competing approaches, based on theoretical economic and econometric analyses, empirical applications, and Monte Carlo simulations, which interact to determine best practice. It explains the evolution of an approach to econometric modelling founded in careful statistical analyses of the available data, using economic theory to guide the general model specification. From a strong foundation in the theory of reduction, via a range of applied andsimulation studies, it demonstrates that general-to-specific procedures have excellent properties.The book is divided into four Parts: Routes and Route Maps; Empirical Modelling Strategies; Formalization; and Retrospect and Prospect. A short preamble to each chapter sketches the salient themes, links to earlier and later developments, and the lessons learnt or missed at the time. A sequence of detailed empirical studies of consumers' expenditure and money demand illustrate most facets of the approach. Material new to this revised edition describes recent major advances in computer-automatedmodel selection, embodied in the powerful new software program PcGets, which establish the operational success of the modelling strategy.

Econometrics

Author : Hamid Seddighi
Publisher : Psychology Press
ISBN 13 : 9780415156455
Total Pages : 422 pages
Book Rating : 4.1/5 (564 download)

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Book Synopsis Econometrics by : Hamid Seddighi

Download or read book Econometrics written by Hamid Seddighi and published by Psychology Press. This book was released on 2000 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recognising the fact that A level mathematics is no longer a necessary prerequisite for economics courses, this text introduces this key subdivision of economics to an audience who might otherwise have been deterred by its complexity.

Introductory Econometrics

Author : Hamid Seddighi
Publisher : Routledge
ISBN 13 : 1136586105
Total Pages : 391 pages
Book Rating : 4.1/5 (365 download)

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Book Synopsis Introductory Econometrics by : Hamid Seddighi

Download or read book Introductory Econometrics written by Hamid Seddighi and published by Routledge. This book was released on 2013-03-01 with total page 391 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book constitutes the first serious attempt to explain the basics of econometrics and its applications in the clearest and simplest manner possible. Recognising the fact that a good level of mathematics is no longer a necessary prerequisite for economics/financial economics undergraduate and postgraduate programmes, it introduces this key subdivision of economics to an audience who might otherwise have been deterred by its complex nature.

Assessing Aid for Trade

Author : Mohammad A Razzaque
Publisher : Commonwealth Secretariat
ISBN 13 : 1849291063
Total Pages : 426 pages
Book Rating : 4.8/5 (492 download)

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Book Synopsis Assessing Aid for Trade by : Mohammad A Razzaque

Download or read book Assessing Aid for Trade written by Mohammad A Razzaque and published by Commonwealth Secretariat. This book was released on 2013-11-25 with total page 426 pages. Available in PDF, EPUB and Kindle. Book excerpt: Aid for Trade (AfT) has been an integral part of official development assistance (ODA) since its inception at the World Trade Organization’s Hong Kong Ministerial in 2005. While many observers agree that the initiative has generated momentum in securing more trade support, the policy discourse on AfT continues to be vibrant and dynamic. This volume, comprising 16 chapters prepared by 20 renowned experts from a range of international organisations, think tanks and academic institutions, including Commonwealth Secretariat, ODI, ECDPM, DIE, ICTSD, Saana Consulting, WTI Advisors, and Columbia University, provides a comprehensive review of the Aid for Trade initiative. Part I of this volume uses quantitative and qualitative analysis to examine the effectiveness of different components of Aid for Trade and underlying factors affecting the outcomes. Part II provides analyses of current issues, including regional AfT, global value chains, infrastructure for development for agriculture, AfT adjustment and lessons from emerging economies in aiding exports. Part III looks to the future, proposing a range of possible directions including an alternative way to improve trade outcomes for developing countries from Nobel Prize-winning economist Joseph Stiglitz.

Network Industries and Social Welfare

Author : Massimo Florio
Publisher : OUP Oxford
ISBN 13 : 019166250X
Total Pages : 431 pages
Book Rating : 4.1/5 (916 download)

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Book Synopsis Network Industries and Social Welfare by : Massimo Florio

Download or read book Network Industries and Social Welfare written by Massimo Florio and published by OUP Oxford. This book was released on 2013-06-20 with total page 431 pages. Available in PDF, EPUB and Kindle. Book excerpt: A dramatic change of ownership, regulation, and organisation of essential public services, such as electricity, gas, and telecommunications, has taken place in Europe in less than 20 years. This was not the outcome of spontaneous adaptation, but an entirely top-down policy experiment, mainly conceived in London during Mrs Thatcher's years, then pursued in Brussels - the 'capital' of the European Union - and imposed on more or less reluctant players by laws, directives, regulations, and administrative and judicial decisions. The European reform paradigm revolves around three pillars: privatisation, unbundling, and regulated liberalisation of network industries. These industries, despite the reforms, are still special, as they include core natural monopoly components (the electricity grid, the gas pipelines, the telephony networks, etc.), are often based on complex system integration of different segments (for example of electricity generation, transmission, distribution and retail supply), and offer services that have critical social and economic importance, from heating to internet. This book offers a careful scrutiny of energy and telephony reforms and prices paid by households in 15 countries across Western Europe. It attempts to answer such questions as: Are the consumers in Europe happier than they were before the reforms? Do they pay less? Do they get a better quality for the services? Network Industries and Social Welfare provides an overview of the main facts, the conceptual issues, and of the empirical evidence on pricing, perceptions of quality of service, and the issues of utility poverty and social affordability. It suggests that the benefits of the reforms for the consumers have often been limited and that governments should reconsider their overconfidence in regulated market mechanisms in network industries.

Essays in Honor of Subal Kumbhakar

Author : Christopher F. Parmeter
Publisher : Emerald Group Publishing
ISBN 13 : 1837978751
Total Pages : 401 pages
Book Rating : 4.8/5 (379 download)

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Book Synopsis Essays in Honor of Subal Kumbhakar by : Christopher F. Parmeter

Download or read book Essays in Honor of Subal Kumbhakar written by Christopher F. Parmeter and published by Emerald Group Publishing. This book was released on 2024-04-05 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is the editor’s distinct privilege to gather this collection of papers that honors Subhal Kumbhakar’s many accomplishments, drawing further attention to the various areas of scholarship that he has touched.

The Econometrics of Panel Data

Author : Lászlo Mátyás
Publisher : Springer Science & Business Media
ISBN 13 : 3540758925
Total Pages : 966 pages
Book Rating : 4.5/5 (47 download)

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Book Synopsis The Econometrics of Panel Data by : Lászlo Mátyás

Download or read book The Econometrics of Panel Data written by Lászlo Mátyás and published by Springer Science & Business Media. This book was released on 2008-04-06 with total page 966 pages. Available in PDF, EPUB and Kindle. Book excerpt: This restructured, updated Third Edition provides a general overview of the econometrics of panel data, from both theoretical and applied viewpoints. Readers discover how econometric tools are used to study organizational and household behaviors as well as other macroeconomic phenomena such as economic growth. The book contains sixteen entirely new chapters; all other chapters have been revised to account for recent developments. With contributions from well known specialists in the field, this handbook is a standard reference for all those involved in the use of panel data in econometrics.

Dynamic Economics

Author : Gregory C. Chow
Publisher : Oxford University Press, USA
ISBN 13 : 0195101928
Total Pages : 249 pages
Book Rating : 4.1/5 (951 download)

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Book Synopsis Dynamic Economics by : Gregory C. Chow

Download or read book Dynamic Economics written by Gregory C. Chow and published by Oxford University Press, USA. This book was released on 1997 with total page 249 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work presents the optimization framework for dynamic economics and treats a number of topics in economics, including growth, macroeconomics, microeconomics, finance and dynamic games. The book also teaches by examples, using concepts to solve simple problems, moving on to general propositions.

Exploratory Time Series Analysis of Apprehensions and Linewatch Hours on the Southwest Border

Author : Derekh Cornwell
Publisher : DIANE Publishing
ISBN 13 : 1437938566
Total Pages : 28 pages
Book Rating : 4.4/5 (379 download)

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Book Synopsis Exploratory Time Series Analysis of Apprehensions and Linewatch Hours on the Southwest Border by : Derekh Cornwell

Download or read book Exploratory Time Series Analysis of Apprehensions and Linewatch Hours on the Southwest Border written by Derekh Cornwell and published by DIANE Publishing. This book was released on 2010-11 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most researchers utilize publicly available data on border apprehensions and linewatch hours, which serve as proxies for the flow of unauthorized migration and the underlying enforcement effort, respectively. A standard assumption of most researchers is that apprehensions are a function of linewatch hours. It is conceivable, however, that linewatch hours may also be a function of apprehensions. Although some studies recognize the possibility of a reverse relationship, the implied hypothesis ¿ namely, that apprehensions predict linewatch hours ¿ has not been tested. This paper fills the gap by providing a formal time series analysis of the historical relationship between monthly apprehensions and linewatch hours between 1963 and 2004.

Financial Crises, Macroeconomic Shocks, and the Government Balance Sheet: A Panel Analysis

Author : Matteo Ruzzante
Publisher : International Monetary Fund
ISBN 13 : 1484352769
Total Pages : 55 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Financial Crises, Macroeconomic Shocks, and the Government Balance Sheet: A Panel Analysis by : Matteo Ruzzante

Download or read book Financial Crises, Macroeconomic Shocks, and the Government Balance Sheet: A Panel Analysis written by Matteo Ruzzante and published by International Monetary Fund. This book was released on 2018-04-24 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: Government financial assets are increasingly recognized as playing an important role in assessing fiscal sustainability. However, very little research has been done on the dynamics of government financial assets compared to liabilities. In this paper, we investigate the impact of recent financial crises and macroeconomic shocks on government balance sheets, decomposing the separate effects on financial assets and liabilities. Using quarterly Government Finance Statistics (GFS) data, we analyze a panel of 27 countries over the period 1999Q1-2017Q1 through fixed effects and panel VAR techniques. Financial crises are shown to deteriorate the net financial worth of governments, but no significant impact is found on assets suggesting that they are not being used as fiscal buffers in bad times. On the contrary, countries that suffered both financial and banking crises experienced an “artificial” increase of their asset position through bank bailouts. Macroeconomic shock analyses reveal that government balance sheet items are countercyclical, but important asymmetries are found in their dynamics.

A History of Econometrics

Author : Duo Qin
Publisher :
ISBN 13 : 0199679347
Total Pages : 257 pages
Book Rating : 4.1/5 (996 download)

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Book Synopsis A History of Econometrics by : Duo Qin

Download or read book A History of Econometrics written by Duo Qin and published by . This book was released on 2013-07-25 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written from the Haavelmo-Cowles Commission econometric perspective, this book provides an account of the advances in the field of econometrics since the 1970s.

Policy Modeling, Volume 14, Number 1

Author :
Publisher :
ISBN 13 :
Total Pages : 744 pages
Book Rating : 4./5 ( download)

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Book Synopsis Policy Modeling, Volume 14, Number 1 by :

Download or read book Policy Modeling, Volume 14, Number 1 written by and published by . This book was released on 1992 with total page 744 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Multiple Time Series Models

Author : Patrick T. Brandt
Publisher : SAGE
ISBN 13 : 1412906563
Total Pages : 121 pages
Book Rating : 4.4/5 (129 download)

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Book Synopsis Multiple Time Series Models by : Patrick T. Brandt

Download or read book Multiple Time Series Models written by Patrick T. Brandt and published by SAGE. This book was released on 2007 with total page 121 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many analyses of time series data involve multiple, related variables. Modeling Multiple Time Series presents many specification choices and special challenges. This book reviews the main competing approaches to modeling multiple time series: simultaneous equations, ARIMA, error correction models, and vector autoregression. The text focuses on vector autoregression (VAR) models as a generalization of the other approaches mentioned. Specification, estimation, and inference using these models is discussed. The authors also review arguments for and against using multi-equation time series models. Two complete, worked examples show how VAR models can be employed. An appendix discusses software that can be used for multiple time series models and software code for replicating the examples is available. Key Features: * Offers a detailed comparison of different time series methods and approaches. * Includes a self-contained introduction to vector autoregression modeling. * Situates multiple time series modeling as a natural extension of commonly taught statistical models.

Alternative Approaches in Macroeconomics

Author : Philip Arestis
Publisher : Springer
ISBN 13 : 3319696769
Total Pages : 373 pages
Book Rating : 4.3/5 (196 download)

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Book Synopsis Alternative Approaches in Macroeconomics by : Philip Arestis

Download or read book Alternative Approaches in Macroeconomics written by Philip Arestis and published by Springer. This book was released on 2018-02-07 with total page 373 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book honours Professor John McCombie’s retirement by exploring a variety of themes, theories and debates in non-orthodox macroeconomics. With contributions from leading scholars, the book covers diverse ground in economic thought, policy, empirical work and modelling. It demonstrates ongoing presumptions and asks probing questions of topical questions from the increase of income equality to the international variation of productivity investment. This collection will appeal to academics and students with an interest in the history of macroeconomic thinking.