Search results for "Quantile"
showing 10 items of 107 documents
Annual runoff regional frequency analysis in Sicily
2009
Abstract This paper performs annual runoff frequency analysis in Sicily, Italy using the index runoff method. Homogeneous regions, not necessarily defined by geographical boundaries but sharing common features from a morphologic and climatic standpoint, have been identified. For each region a single probability distribution function can be fitted to the available annual runoff data scaled by the index runoff. Starting from an initial dataset of 105 hydrometric stations, 57 stations have been selected using heuristic criteria associated with the Hosking and Wallis’s discordancy measure. The Mantel tests have been then applied to find out the physical and morphological parameters best correla…
Tourism-led growth hypothesis in the top ten tourist destinations: New evidence using the quantile-on-quantile approach
2017
This paper examines the empirical validity of the tourism-led growth hypothesis in the top ten tourist destinations in the world (China, France, Germany, Italy, Mexico, Russia, Spain, Turkey, the United Kingdom, and the United States) using the quantile-on-quantile (QQ) approach and a new index of tourism activity that combines the most commonly used tourism indicators. This methodology, recently introduced by Sim and Zhou (2015), provides an ideal framework with which to capture the overall dependence structure between tourism development and economic growth. The empirical results primarily show a positive relation between tourism and economic growth for the ten countries considered with s…
University student talent: the real driver for performance?
2017
Investigation about the university student performance, and its measurement, are very crucial issues for any policy maker. Since the economic crisis, jobs market requires even higher skills and competences. Literature offers a lot of papers about the university student quality and performance, in order to identify the main determinants of them. Often, results are very different, and they seems to hold just in a specific context. This paper aims to investigate the role of a latent variable that can take into account the student motivation, aptitude, and abilities, here conveniently called talent. A random effect Quantile Regression on a new measure of Italian student performance has been ado…
US stock market sensitivity to interest and inflation rates: a quantile regression approach
2016
ABSTRACTThis article studies the sensitivity of the US stock market to nominal and real interest rates and inflation during the 2003–2013 period using quantile regression (QR). The empirical results show that the stock market has a significant sensitivity to changes in interest rates and inflation and finds differences across sectors and over time. Moreover, the effect of changes in both interest rates and inflation tends to be more pronounced during extreme market conditions, thus distinguishing expansion periods from recession periods.
Inflation shocks and income inequality
2019
Purpose The purpose of this paper is to analyze the effects of inflationary shocks on inequality, using data of selected countries of the Middle East and North Africa (MENA). Design/methodology/approach Inflationary shocks were measured as deviations from core inflation, based on a genetic algorithm. Bayesian quantile regression was used to estimate the impact of inflationary shocks in different levels of inequality. Findings The results showed that inflationary shocks substantially affect countries with higher levels of inequality, thus suggesting that the detrimental impact of inflation is exacerbated by the high division of classes in a country. Originality/value The study contributes t…
Spatial mismatch through local public employment agencies Answers from a French quasi-experiment Spatial Mismatch through Local Public Employment Age…
2015
Using the unanticipated creation of a new agency in the French region of Lyon as a quasi-natural experiment, we question whether distance to local public employment agencies (LPEAs) is a new channel for spatial mismatch. Contrary to past evidence based on aggregated data and consistently with the spatial mismatch literature, we find no evidence of a worker/agency spatial mismatch, which pleads for a resizing of the French LPEA network. However, echoing with the literature on the institutional determinants of the local public employment agencies' efficiency, we do find detrimental institutional transitory effects.
Interactions, spillovers de connaissance et croissance des villes européennes. Faut-il préférer la géographie, le climat institutionnel ou les réseau…
2013
Knowledge spillovers within urban economies are also sources of spillovers between cities. We examine how knowledge spillovers influenced the economic growth of 82 European metropolises over the 1990-2005 period. We model knowledge spillovers between cities on the basis of five specific interaction patterns based on geography, networks of multinational firms in advanced services, institutional climate and two combinations of these factors. Spatial models are estimated to detail the effects of growth factors in terms of spillovers and externalities. We show that spillovers are local rather than global and that interactions among cities accelerate the convergence process based on gross value …
Productivity analysis of Latvian companies using ORBIS database
2021
International audience; This research study uses ORBIS microdata at the company level to analyse productivity of 167 thousand economically active Latvian companies over 2011-2018. The aim of the study is twofold-to find factors consistently associated with productivity at the company level; and to recommend possible criteria for companies to receive a state support (from the view of enhancing aggregate productivity in the long term). Our research results show that productivity of Latvian companies is positively related to their size, age, as well as location closer to Riga and other big cities. However, there is a substantial within-group variation in productivity between companies. Multiva…
NEIGHBORHOOD EFFECTS IN SPATIAL HOUSING VALUE MODELS. THE CASE OF THE METROPOLITAN AREA OF PARIS (1999)
2009
In hedonic housing models, the spatial dimension of housing values are traditionally processed by the impact of neighborhood variables and accessibility variables. In this paper we show that spatial effects might remain once neighborhood effects and accessibility have been controlled for. We notably stress on three sides of neighborhood effects: social capital, social status and social externalities and consider the accessibility to the primary economic center as describing the urban spatial trend. Using spatial econometrics specifications of the hedonic equation, we estimate whether spatial effects impact the housing values. Our empirical case concerns the Metropolitan Area (MA) of Paris i…
Quantile Regression Coefficients Modeling: a Penalized Approach
2018
Modeling quantile regression coefficients functions permits describing the coefficients of a quantile regression model as parametric functions of the order of the quantile. This approach has numerous advantages over standard quantile regression, in which different quantiles are estimated one at the time: it facilitates estimation and inference, improves the interpretation of the results, and is statistically efficient. On the other hand, it poses new challenges in terms of model selection. We describe a penalized approach that can be used to identify a parsimonious model that can fit the data well. We describe the method, and analyze the dataset that motivated the present paper. The propose…