Search results for "Econometric"
showing 10 items of 3780 documents
If You Could Read My Mind—An Experimental Beauty-Contest Game with Children
2021
AbstractWe develop a new design for the experimental beauty-contest game (BCG) that is suitable for children in school age and test it with 114 schoolchildren aged 9–11 years as well as with adults. In addition, we collect a measure for cognitive skills to link these abilities with successful performance in the game. Results demonstrate that children can successfully understand and play a BCG. Choices start at a slightly higher level than those of adults but learning over time and depth of reasoning are largely comparable with the results of studies run with adults. Cognitive skills, measured as fluid IQ, are predictive only of whether children choose weakly dominated strategies but are nei…
Volatility Transmission Models: A Survey
2005
This study reviews the literature on volatility transmission in order to determine what we have learnt about the different methodologies applied. In particular, GARCH, regime switching and stochastic volatility models are analysed. In addition, this study covers several concrete aspects such as their scope of application, the overlapping problem, the concept of efficiency and asymmetry modelling. Finally, emerging topics and unanswered questions are identified, serving as an agenda for future research.
BICKEL–ROSENBLATT TEST FOR WEAKLY DEPENDENT DATA
2012
The aim of this paper is to analyze the Bickel–Rosenblatt test for simple hypothesis in case of weakly dependent data. Although the test has nice theoretical properties, it is not clear how to implement it in practice. Choosing different band-width sequences first we analyze percentage rejections of the test statistic under H0 by some empirical simulation analysis. This can serve as an approximate rule for choosing the bandwidth in case of simple hypothesis for practical implementation of the test. In the recent paper [12] a version of Neyman goodness-of-fit test was established for weakly dependent data in the case of simple hypotheses. In this paper we also aim to compare and discuss the …
Developing the RIAM method (rapid impact assessment matrix) in the context of impact significance assessment
2010
Abstract In this paper the applicability of the RIAM method (rapid impact assessment matrix) is evaluated in the context of impact significance assessment. The methodological issues considered in the study are: 1) to test the possibilities of enlarging the scoring system used in the method, and 2) to compare the significance classifications of RIAM and unaided decision-making to estimate the consistency between these methods. The data used consisted of projects for which funding had been applied for via the European Union's Regional Development Trust in the area of Central Finland. Cases were evaluated with respect to their environmental, social and economic impacts using an assessment pane…
Seasonal pattern and amplitude: a logical framework to analyse seasonality in tourism. An application to bed occupancy in Sicilian hotels
2011
Many studies have investigated seasonality in tourism in terms of its causes and impacts, from both theoretical and applied perspectives. However, the definition of seasonality and, most of all, its application and measurement have not received the same degree of attention. In recognizing that seasonality has two main facets – pattern and amplitude – this paper critically examines the main seasonality measures proposed in the tourism literature, classifying them according to their properties and their most appropriate use. The framework then proposed is used to analyse a standard and comparable efficiency measure, such as the bed occupancy rate of Sicilian accommodation establishments, pla…
Les incitations à l'innovation dans le secteur privé
2011
En ligne sur http://www.cairn.info/load_pdf.php?ID_ARTICLE=REL_792_0045; International audience; L'innovation est devenue un facteur clé de la croissance économique. La question des incitations à l'innovation au sein des entreprises est donc primordiale. Dans ce papier, nous nous intéressons au type d'incitations monétaires reçues par les inventeurs au sein des entreprises avec une attention particulière à la mobilité inter-entreprise de ces derniers. Les résultats montrent un rendement salarial positif pour les inventeurs, celui-ci est plus important pour les inventeurs ayant connu une mobilité inter-entreprise, ce qui pourrait suggérer que les entreprises sont prêtes à payer les connaissa…
Regional Asymmetric Reactions to Shocks in EMU: an Assessment of Different Approaches
2002
In recent years there has been an increasing research effort in estimating regional asymmetric shocks and assessing their importance within the European Monetary Union (EMU). In this chapter we offer an evaluation of the different approaches by distinguishing them according to methodological underpinnings, variables used and pitfalls and potential extensions of the analysis. The structure of this contribution is the following. In section 2 we discuss the relative importance of asymmetric shocks and the main problems connected with their measurement. In section 3 we focus on the explanatory variables which are assumed to determine the asymmetric reaction to shocks and distinguish between sec…
Informal employment in developing countries
2012
There is an ongoing debate among researchers and policy makers, whether informal sector employment is a result of competitive market forces or labor market segmentation. More recently it has been argued that none of the two theories sufficiently explains informal employment, but that the informal sector shows a heterogenous structure. For some workers the informal sector is an attractive employment opportunity, whereas for others – rationed out of the formal sector – the informal sector is a strategy of last resort. To test the empirical relevance of this hypothesis we formulate an econometric model which allows for several unobserved segments within the informal sector and apply it to the …
The consequences on job satisfaction of job–worker educational and skill mismatches in the Spanish labour market: a panel analysis
2012
The effects of job-worker mismatches on job satisfaction are examined using the eight waves (1994-2001) of Spanish data taken from the European Community Household Panel (ECHP). The impacts of both educational and skill mismatches are estimated considering unobserved heterogeneity, state dependence and attrition bias. Dynamic analysis shows that skill mismatches emerge as a much better predictor of job satisfaction than educational mismatches as the effects of the latter are related to unobserved heterogeneity among workers. Moreover, the current level of job satisfaction appears to be influenced by workers' previous job perceptions, suggesting a dynamic structure for job satisfaction.
Unemployment and Migration: Does Moving Help?
2002
Abstract The migration behaviour of the unemployed in Finland is analysed in terms of the causal effectof moving on individual employment status. In 1994, 17 percent of the labour force wasunemployed and the unemployment rate exhibited a very slow decline in 1994–1996. Overhalf of those who were unemployed at the end of 1994 were still unemployed two years later.The propensity to find a job is somewhat greater among migrants. However, the positive effectof moving diminishes once other personal characteristics are accounted for. Moreover, whencontrolling for endogenous migrant selectivity, an insignificant or even negative effect onemployment status emerges. This indicates that the relatively …