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Subjects / keywords: Econometrics; Economics

Using the result that under the null hypothesis of no misspecification an asymptotically efficient estimator must have zero asymptotic covariance with its difference from a consistent but asymptotically inefficient estim...

There occurs on some occasions a difficulty in deciding the direction of causality between two related variables and also whether or not feedback is occurring. Testable definitions of causality and feedback are proposed ...

Journal Article Estimation and Inference in Econometrics Get access Estimation and Inference in Econometrics. By Davidson (Russell) and (JAMES G.) Mackinnon. (Oxford and New York: Oxford University Press/OUP USA, 1993. P...

Subjects / keywords: Inefficiency; Panel data; Econometrics; Economics; Production (economics); Variance (accounting); Truncated normal distribution; Function (biology); Stochastic modelling; Production–possibility frontier; Null hypothesi...

Subjects / keywords: Panel data; Macro; Econometric analysis; Econometrics; Economics; Computer science; Programming language

Subjects / keywords: CobB; Production (economics); Estimation; Cobb–Douglas production function; Mathematics; Econometrics; Economics; Statistics; Mathematical economics; Microeconomics; Biology; Genetics

ABSTRACT Two easily measured variables, size and book‐to‐market equity, combine to capture the cross‐sectional variation in average stock returns associated with market β , size, leverage, book‐to‐market equit...

The urgency of this research is based on the increasing focus on improving Human Development Quality (HDQ) as a primary target in West Sumatra’s Regional Development Plan for 2021–2026. The condition of human develop...

Subjects / keywords: Econometrics; Colombia; Economics indicators; Economics; Price indexes

This book presents the econometric analysis of single-equation and simultaneous-equation models in which the jointly dependent variables can be continuous, categorical, or truncated. Despite the traditional emphasis on c...

The core methods in today's econometric toolkit are linear regression for statistical control, instrumental variables methods for the analysis of natural experiments, and differences-in-differences methods that exploit p...

Subjects / keywords: Spatial econometrics; Econometrics; Computer science; Economics

Subjects / keywords: Energy consumption; Cointegration; Econometrics; TEC; Spurious relationship; Consumption (sociology); Heating degree day; Statistics; Economics; Mathematics; Engineering; Ionosphere

This book is an ambitious effort by three well-known and well-respected scholars to fill an acknowledged void in the literature—a text covering the burgeoning field of empirical finance. As the authors note in the pref...

T. S. Breusch, A. R. Pagan; The Lagrange Multiplier Test and its Applications to Model Specification in Econometrics, The Review of Economic Studies, Volume 47,

I. Formulation of the question. A brief historical survey, 381. — II. Recent discussion in Germany: Lederer, Loewe, Carrel, 386. — III. In what sense the equilibrium theory is valid, 392. — IV. The clement of time ...

El primer nivel de atención de los servicios de salud juega un papel fundamental para el adecuado funcionamiento del sistema de salud, ya que en dicho nivel se debe garantizar el acceso equitativo a servicios esenciales...

Subjects / keywords: Class (philosophy); Mathematics; Poverty; Economics; Econometrics; Statistics; Mathematical economics; Computer science; Economic growth; Artificial intelligence

This paper examines whether the Solow growth model is consistent with the international variation in the standard of living. It shows that an augmented Solow model that includes accumulation of human as well as physical ...

This paper models occasional, discrete shifts in the growth rate of a nonstationary series. Algorithms for inferring these unobserved shifts are presented, a byproduct of which permits estimation of parameters by maximum...

We analyze a sequential decision model in which each decision maker looks at the decisions made by previous decision makers in taking her own decision. This is rational for her because these other decision makers may hav...

This paper uses an intertemporal general equilibrium asset pricing model to study the term structure of interest rates. In this model, anticipations, risk aversion, investment alternatives, and preferences about the timi...

Subjects / keywords: Profitability index; Capital asset pricing model; Econometrics; Stock (firearms); Economics; Investment (military); Value premium; Factor analysis; Value (mathematics); Factor (programming language); Financial economics;...