Search results for " Econometric"
showing 10 items of 3136 documents
Modeling Spatial Data Pooled over Time: Schematic Representation and Monte Carlo Evidences
2015
The spatial autocorrelation issue is now well established, and it is almost impossible to deal with spatial data without considering this reality. In addition, recent developments have been devoted to developing methods that deal with spatial autocorrelation in panel data. However, little effort has been devoted to dealing with spatial data (cross-section) pooled over time. This paper endeavours to bridge the gap between the theoretical modeling development and the application based on spatial data pooled over time. The paper presents a schematic representation of how spatial links can be expressed, depending on the nature of the variable, when combining the spatial multidirectional relatio…
La valorisation des compétences de base sur le marché du travail français
2013
D’après la théorie du capital humain, les individus sont rémunérés selon leur productivité, productivité qui dépend elle-même du niveau de diplôme ou du nombre d’années d’études. Mais à l’heure où l’éducation certifiée est discutée comme filtre, qu’en est-il de la valorisation des compétences, notamment de base, sur le marché du travail français ? Alors que de nombreuses recherches ont déjà été réalisées à ce sujet (dans les pays anglo-saxons principalement), aucune n’a encore été conduite sur cette thématique en France. Cette présente étude cherche alors à déterminer, via un modèle d’Heckman en deux étapes, dans quelle mesure l’accès à l’emploi et les salaires sont expliqués par le niveau …
A global perspective on effectiveness of aid for trade
2013
Recent global initiatives on debt relief and development assistance call for increasing aid for trade to the poorest countries. The paper applies a multi-country computable general equilibrium model to measure the effectiveness of alternative aid for trade categories. The findings show that aid for trade policies expand trade and alleviate international income inequalities in the recipient countries, that will benefit mainly from aid for trade adjustment and technical assistance.
An Assessment of Carousel Value-Added Tax Fraud in The European Carbon Market
2017
AbstractThe literature on the European Union Emission Trading System (EU ETS) is by now very rich. Much is known about the efficiency, the effectiveness, and the environmental and distributional impacts of the EU ETS. Less, however, is known about the carousel value-added-tax (VAT) fraud phenomena in the European carbon market. This article evaluates the welfare effects of carousel VAT fraud in the EU ETS using a computable general equilibrium (CGE) analysis. According to our findings, if VAT fraud occurs in the EU ETS, the effects on welfare for the EU Member States are negative, with welfare loss significantly higher than the VAT fraud value. This article also discusses the reverse charge…
Modelling the labour market of minority ethnic groups
2012
Abstract This paper investigates the effects, in terms of labour and macroeconomic indicators, of closing the gap between the ethnic minority employment rate and the overall population rate using a computable general equilibrium modelling framework. The labour market has been integrated by indicators related to ethnicity, employment status and occupational class. The policy test has been designed for the UK. According to the results, the policy actions aimed to remove the barriers that contribute to the unemployment of the minority ethnic groups improve not only the employment and occupational status of these groups, but the effects are also positive in terms of aggregate employment, GDP, t…
On the Fučík spectrum of the p-Laplacian with no-flux boundary condition
2023
In this paper, we study the quasilinear elliptic problem \begin{align*} \begin{aligned} -\Delta_{p} u&= a\l(u^+\r)^{p-1}-b\l(u^-\r)^{p-1} \quad && \text{in } \Omega,\\ u & = \text{constant} &&\text{on } \partial\Omega,\\ 0&=\int_{\partial \Omega}\left|\nabla u\right|^{p-2}\nabla u\cdot \nu \,\diff \sigma,&& \end{aligned} \end{align*} where the operator is the $p$-Laplacian and the boundary condition is of type no-flux. In particular, we consider the Fu\v{c}\'{\i}k spectrum of the $p$-Laplacian with no-flux boundary condition which is defined as the set $\fucik$ of all pairs $(a,b)\in\R^2$ such that the problem above has a nontrivial solution. It turns out…
The windowed scalogram difference: A novel wavelet tool for comparing time series
2017
Abstract We introduce a new wavelet-based tool called windowed scalogram difference (WSD), which has been designed to compare time series. This tool allows quantifying if two time series follow a similar pattern over time, comparing their scalograms and determining if they give the same weight to the different scales. The WSD can be seen as an alternative to another tool widely used in wavelet analysis called wavelet squared coherence (WSC) and, in some cases, it detects features that the WSC is not able to identify. As an application, the WSD is used to examine the dynamics of the integration of government bond markets in the euro area since the inception of the euro as a European single c…
The shape of small sample biases in pricing kernel estimations
2016
AbstractNumerous empirical studies find pricing kernels that are not-monotonically decreasing; the findings are at odds with the pricing kernel being marginal utility of a risk-averse, so-called representative agent. We study in detail the common procedure which estimates the pricing kernel as the ratio of two separate density estimations. In the first step, we analyse theoretically the functional dependence for the ratio of a density to its estimated density; this cautions the reader regarding potential computational issues coupled with statistical techniques. In the second step, we study this quantitatively; we show that small sample biases shape the estimated pricing kernel, and that est…
Collusion constrained equilibrium
2018
We study collusion within groups in non-cooperative games. The primitives are the preferences of the players, their assignment to non-overlapping groups and the goals of the groups. Our notion of collusion is that a group coordinates the play of its members among different incentive compatible plans to best achieve its goals. Unfortunately, equilibria that meet this requirement need not exist. We instead introduce the weaker notion of collusion constrained equilibrium. This allows groups to put positive probability on alternatives that are suboptimal for the group in certain razor's edge cases where the set of incentive compatible plans changes discontinuously. These collusion constrained e…
Collusion Constrained Equilibrium
2018
First published: 01 February 2018 This is an open access article licensed under the Creative Commons Attribution-NonCommercial License 4.0 (http://econtheory.org) We study collusion within groups in noncooperative games. The primitives are the preferences of the players, their assignment to nonoverlapping groups, and the goals of the groups. Our notion of collusion is that a group coordinates the play of its members among different incentive compatible plans to best achieve its goals. Unfortunately, equilibria that meet this requirement need not exist. We instead introduce the weaker notion of collusion constrained equilibrium. This allows groups to put positive probability on alternatives …