Search results for "Econometrics"
showing 10 items of 3730 documents
'Dual' Gravity: Using Spatial Econometrics to Control for Multilateral Resistance
2010
We propose a quantity-based `dual' version of the gravity equation that yields an estimating equation with both cross-sectional interdependence and spatially lagged error terms. Such an equation can be concisely estimated using spatial econometric techniques. We illustrate this methodology by applying it to the Canada-U.S. data set used previously, among others, by Anderson and van Wincoop (2003) and Feenstra (2002, 2004). Our key result is to show that controlling directly for spatial interdependence across trade flows, as suggested by theory, significantly reduces border effects because it captures `multilateral resistance'. Using a spatial autoregressive moving average specification, we …
Measurement error in schooling data: the OECD case
2003
The effect of human capital is difficult to estimate in cross-country analysis due to measurement errors in schooling data. Using data for OECD countries over the period 1960–1990, the reliability of the widely used Barro and Lee's data set and also the new De la Fuente and Domenech's data set is analysed. Results show that both suffer from measurement errors, but the latter seems to reflect the rate of growth of schooling more accurately, especially when taking long differences.
Defense versus Opulence? An Appraisal of the Malthus-Ricardo 1815 Controversy on the Corn Laws
2015
This article proposes a rational reconstruction of the arguments of Malthus and Ricardo in their 1815 essays, Grounds of an Opinion and An Essay on Profits, whereby a policy of free corn trade was repudiated and endorsed, respectively. Malthus envisaged defense and (trade-induced) opulence as two mutually alternative options and, if required to make a choice, he had no hesitation in choosing the former. By contrast, Ricardo excluded any such trade-off, arguing that even in the case of war or poor domestic harvest, foreign agricultural countries would be seriously damaged if they opted for restrictions on their corn exports to Great Britain.
The foundations of decision theory: An intuitive, operational approach with mathematical extensions
1985
A new axiomatic basis for the foundations of decision theory is introduced and its mathematical development outlined. The system combines direct intuitive operational appeal with considerable structural flexibility in the resulting mathematical framework.
Prediction of arrival times and human resources allocation for container terminal
2011
Increasing competition in the container shipping sector has meant that terminals are having to equip themselves with increasingly accurate analytical and governance tools. A transhipment terminal is an extremely complex system in terms of both organisation and management. Added to the uncertainty surrounding ships’ arrival time in port and the costs resulting from over-underestimation of resources is the large number of constraints and variables involved in port activities. Predicting ships delays in advance means that the relative demand for each shift can be determined with greater accuracy, and the basic resources then allocated to satisfy that demand. To this end, in this article we pro…
La crisis gremial y los problemas de la sedería valenciana (finales del siglo XVIII y principios del siglo XIX)
1992
La reforma del sistema gremial alcanza una de sus medidas más radicales con la abolición de los gremios de torcedores de seda en 1793. En estas páginas se analiza la medida abolicionista en el marco general de los problemas de la sedería valenciana. En la misma, la hilatura, de la que el torcido es su fase superior y última, había llegado a constituirse en un cuello de botella que comprometía su futuro. En los años aquí contemplados, se proponen y ensayan diversas alternativas que solucionen las disfunciones que generaba la peculiar división del trabajo que obraba en la sedería. La no implicación del capital comercial de la ciudad en la necesaria reconversión de la hilatura será un factor c…
Protection of trafficked people in Italy: policies, limits and challenges
2015
Purpose– The purpose of the article is to analyse the Italian anti-trafficking system by examining its effectiveness in the protection of trafficked people.Design/methodology/approach– The article examines the protection of trafficked people in Italy, focusing in particular on the implementation of Article 18 of the “Consolidated Act of Measures Governing Immigration and Norms on the Condition of Foreign Citizens” (Legislative Decree n. 286/1998), which provides victims with protection and a residence permit independent of their cooperation with the competent authorities in criminal proceedings against offenders.Findings– The article demonstrates that, though the Italian legal framework on …
Pricing method as a tool for improved price perception
2006
In the present paper, we have explored pricing methods applied to charging mobile service customers, and the influences of the charging methods on the customers’ price perceptions. The analyses are based on the empirical data collected from Finnish mobile service markets through a quantitative postal survey in 2003. Four hypotheses were tested separately in two customer segments for examining relationship of pricing methods and price perceptions, and the factors affecting to the customers’ pricing method choices. The statistical analyses provided results suggesting that charging methods have a significant effect on customers’ price perceptions. The customers’ price perceptions were found to…
Architectures “on ruins” and ambiguous transparency: the glass in preservation and communication of archaeology
2008
Abstract The contemporary architecture is characterized by an even more marked transparency, as a result of a continuous experimentation all directed towards the search of the built “lightness”, that is towards the “dematerialization” of the architecture and the consequent loss of weight connected to the excess of form. It is in 1851 that a New Architectural Age springs because of the realization of the Crystal Palace, in London – that has addressed towards the experimentation of the glass as an architectural, structural element and of design. Today, part of this experimentation has been applied for some interventions of coverage, protection and communication in situ of the archaeological r…
Euro Area Structural Convergence? A Multi-Criterion Cluster Analysis
2015
Abstract This paper proposes a classification of the old member countries of the euro area in a structural data rich environment and run a convergence analysis using the same framework. First, we use a clustering approach and identify two structurally distinct clusters of countries that are not modified between 1999 and 2012: the South Countries Group (SCG) – composed of Greece, Italy, Portugal and Spain – and the Other Countries Group (OCG). Second, we propose a convergence metrics and reach three key findings: (i) increase over time of the between-clusters׳ dispersion; (ii) diverging demographics and innovation performance into the OCG, and (iii) an unfortunate convergence towards high la…