Search results for "InVEST"
showing 10 items of 2596 documents
A geostatistical approach for dynamic life tables: The effect of mortality on remaining lifetime and annuities
2010
Dynamic life tables arise as an alternative to the standard (static) life table, with the aim of incorporating the evolution of mortality over time. The parametric model introduced by Lee and Carter in 1992 for projected mortality rates in the US is one of the most outstanding and has been used a great deal since then. Different versions of the model have been developed but all of them, together with other parametric models, consider the observed mortality rates as independent observations. This is a difficult hypothesis to justify when looking at the graph of the residuals obtained with any of these methods. Methods of adjustment and prediction based on geostatistical techniques which expl…
A macroeconomic analysis of the public investments in European combined transport
2009
Intermodal transport has been recognized as a priority by the European Union, that has defined different budget allocations of investments to improve the shifting from road to intermodal transport, which is more sustainable. In this context, the main aim of the paper is to discuss the macroeconomic effects, in terms of economic growth, welfare and trade, of these public investments for combined transport, which aspects have been neglected in literature. A multi-country computable general equilibrium model has been used. The main results have been that the European Union benefits from these investments, but at international level, USA and Japan would lose in terms of welfare. Furthermore, th…
A comparison of nonparametric methods in the graduation of mortality: Application to data from the Valencia Region (Spain)
2006
[EN] The nonparametric graduation of mortality data aims to estimate death rates by carrying out a smoothing of the crude rates obtained directly from original data. The main difference with regard to parametric models is that the assumption of an age-dependent function is unnecessary, which is advantageous when the information behind the model is unknown, as one cause of error is often the choice of an inappropriate model. This paper reviews the various alternatives and presents their application to mortality data from the Valencia Region, Spain. The comparison leads us to the conclusion that the best model is a smoothing by means of Generalised Additive Models (GAM) with splines. The most…
Enseñanza de Estadística en un contexto multidisciplinar: una experimentación en un instituto italiano
2019
III Congreso Internacional Virtual de Educación Estadística (CIVEEST), 21-24 febrero de 2019. [www.ugr.es/local/fqm126/civeest.html] This paper describes an experiment performed at a Vocational School in Palermo during the school year 2010-11. It was designed to teach Statistics at the Secondary level following a multidisciplinary approach. The didactic activity involved the mathematics, Italian, English language and science teachers. We adapted materials and methods from the M@t.abel E-learning program, which is planned for learning basic mathematics in a middle school, in order to use it for experimentation at a professional school. The assessment of the experimentation is based on teache…
Enseñanza de Estadística en un contexto multidisciplinar: una experimentación en un instituto italiano
2019
III Congreso Internacional Virtual de Educación Estadística (CIVEEST), 21-24 febrero de 2019. [www.ugr.es/local/fqm126/civeest.html]
Can fiscal policy stimulus boost economic recovery
2011
We assess the role played by fiscal policy in explaining the dynamics of asset markets. Using a panel of ten industrialized countries, we show that a positive fiscal shock has a negative impact in both stock and housing prices. However, while stock prices immediately adjust to the shock and the effect of fiscal policy is temporary, housing prices gradually and persistently fall. Consequently, the attempts of fiscal policy to mitigate stock price developments (e.g. via taxes on capital gains) may severely de-stabilize housing markets. The empirical findings also point to significant fiscal multiplier effects in the context of severe housing busts, which gives rise to the importance of the im…
A Top-Down Method for Long-Term Investing
2021
This paper bases long-term investing on a tradeable stochastic discount factor (SDF), relates it to the growth optimal portfolio and argues for a top-down method, where modeling efforts are directed at capturing its long-run dynamics in a generalized setting. This differs from the common, cumbersome bottom-up method of modeling many risky securities in the marketplace. Various optimal portfolio strategies can be implemented efficiently using fractional expectations of the SDF. This paper illustrates empirically for the US stock market that the proposed method leads to higher wealth, higher returns on investment and higher long-term utility levels.
Brand image transfer from team to sponsor: how effective is it to sponsor a football team with little success
2019
We propose to explore the influence of success in sports on the effect of image transfer in sponsorship. We analysed three football teams based on their historical ranking. The image transfer does not occur with the less successful team. We conclude that sports sponsors need to reconsider their strategic options to align them with their company goals and to promote a return on investment. An ideal strategy to enhance the brand image would be to sponsor more successful sports teams because it has been shown that those teams that have more victories get greater exposure and therefore the ROI for sponsors increase.
The Determinants of Retail Productivity: A Critical Review of the Evidence
2009
This paper discusses the literature on the established determinants of productivity in the retail sector. It also draws attention to some neglected strands of research which provide useful insights into strategies that could allow productivity enhancements in this area of the economy. To date, very few attempts have been made to integrate different specialisms in order to explain what drives productivity in retail. Here this paper rectifies this omission by putting together studies from economics, geography, knowledge management and employment studies. It is the authors’ view that quantitative studies of retail productivity should focus on total factor productivity in retailing as the resul…
From retail innovation and image to loyalty: moderating effects of product type
2018
This study aims to analyse value-satisfaction-loyalty relationships in retailing by examining the contribution of image and innovation and understanding value as a multidimensional construct. Furthermore, to identify possible differences in these relationships the moderating effect of the type of product marketed in the store is examined. On a sample of 820 customers from four types of stores, SEM methodology and multigroup analysis were applied. The results confirm that image has more influence than innovation on the dimensions of value and that entertainment and excellence are the main antecedents of satisfaction. Some relationships have also been found in which the type of product market…