Search results for "Econometric"

Measuring the CO2 shadow price for wastewater treatment: A directional distance function approach

2015

Abstract The estimation of the value of carbon emissions has become a major research and policy topic since the establishment of the Kyoto Protocol. The shadow price of CO2 provides information about the marginal abatement cost of this pollutant. It is an essential element in guiding environmental policy issues, since the CO2 shadow price can be used when fixing carbon tax rates, in environmental cost-benefit analysis and in ascertaining an initial market price for a trading system. The water industry could play an important role in the reduction of greenhouse gas (GHG) emissions. This paper estimates the shadow price of CO2 for a sample of wastewater treatment plants (WWTPs), using a param…

Assessing complexity and causality in heart period variability through a model-free data-driven multivariate approach

2017

The aim of this study is to emphasize the importance of model-free data-driven mul- tivariate approaches in describing HP variability and cardiovascular control mechanisms responsible for inducing HP changes via modifications of different cardiovascular vari- ables such as SAP and RESP. The goal was achieved through the application, a previously proposed model-free data-driven multivariate framework devised to assess complexity and causality over a multivariate set composed by several, simultaneously recorded, car- diovascular variability series (Porta et al., 2014). The approach was applied to assess the complexity of the cardiac control, through the evaluation of the amount of irregularit…

Assessing connectivity in the presence of instantaneous causality

2014

This chapter is devoted to a discussion of the impact of instantaneous causality on the computation of frequency domain connectivity measures. Instantaneous causality (IC) refers to interactions between two observed time series which occur within the same time lag.

Letter by Masè et al Regarding Article, "Granger Causality-Based Analysis for Classification of Fibrillation Mechanisms and Localization of Rotationa…

2020

Retuning the Nordic Welfare Municipality: Central Regulation of Social Care under Change in Finland

2011

Purpose – The purpose of this paper is to analyse the changes that have taken place in the central regulation of social care in Finland since the 1970s. The changes in vertical central‐local relations are discussed in the context of economic and welfare state development.Design/methodology/approach – The paper is a case study, applying the concept of “the Nordic welfare municipality” to the case of Finland. With this concept, the author refers to the inherently contradictory character of the Nordic model of welfare governance: to a system that emphasises local self‐government but that, at the same time, perceives regional harmonisation as imperative.Findings – After strong central control d…

The transformation of the Russian defence industry

1995

TRADITIONALLY, THE DEFENCE INDUSTRY constituted the most powerful industrial lobby in the USSR, with an administrative structure at all the organisational levels where its interests could be affected. With a hierarchical and pyramidal structure, the different entities of the sector remained isolated from strictly civilian bodies. The strategic part it played within the organisation of the Soviet Union enabled the defence industry to manage a growing and important volume of resources; on the one hand, it had a special supply system which guaranteed regular high-quality provision of the most advanced technology in the country, as well as highly qualified human resources. On the other hand, th…

Is there an environmental Kuznets curve for Spain? Fresh evidence from old data

2012

Abstract The information content of the environmental Kuznets curve (EKC) is subject to change over time and all the empirical modeling work that does not take into account the possible variations and instabilities may fail to explain the variations in the per-capita CO2 and per-capita income relationship. In this paper we consider the possibility that a linear cointegrated regression model with multiple structural changes would provide a better empirical description of the Spanish EKC during the period 1857–2007. Our methodology is based on instability tests recently proposed in Kejriwal and Perron (2008, 2010) as well as on cointegration tests developed in Arai and Kurozumi (2007) and Kej…

Aggregate Behavior and Microdata

2004

Abstract It is shown how one can effectively use microdata in modelling the change over time in an aggregate (e.g. mean consumption expenditure) of a large and heterogeneous population. The starting point of our aggregation analysis is a specification of explanatory variables on the micro-level. Typically, some of these explanatory variables are observable and others are unobservable. Based on certain hypotheses on the evolution over time of the joint distributions across the population of these explanatory variables we derive a decomposition of the change in the aggregate which allows a partial analysis: to isolate and to quantify the effect of a change in the observable explanatory variab…

Exchange rates expectations and chaotic dynamics: a replication study

2018

Abstract In this paper the author analyzes the behavior of exchange rates expectations for four currencies, by considering a re-calculation and an extension of Resende and Zeidan (Expectations and chaotic dynamics: empirical evidence on exchange rates, Economics Letters, 2008). Considering Lyapunov exponent-based tests results, they are not supportive of chaos in exchange rates expectations, although the so-called 0–1 test strongly supports the chaos hypothesis.

Contagion in Bitcoin Networks

2019

12 pages, 6 figures. Paper accepted in 2nd Workshop on Blockchain and Smart Contract Technologies (BSCT 2019), workshop satellite of 22nd International Conference on Business Information Systems (BIS 2019); International audience; We construct the Google matrices of bitcoin transactions for all year quarters during the period of January 11, 2009 till April 10, 2013. During the last quarters the network size contains about 6 million users (nodes) with about 150 million transactions. From PageRank and CheiRank probabilities, analogous to trade import and export, we determine the dimensionless trade balance of each user and model the contagion propagation on the network assuming that a user go…