Search results for "econometrics"
showing 10 items of 3730 documents
On the Estimation of the Volatility-Growth Link
2012
It is common practice to estimate the volatility-growth link by specifying a standard growth equation such that the variance of the error term appears as an explanatory variable in this growth equation. The variance in turn is modeled by a second equation. Hardly any of existing applications of this framework includes exogenous controls in this second variance equation. Our theoretical findings suggest that the absence of relevant explanatory variables in the variance equation leads to a biased and inconsistent estimate of the volatility-growth link. Our simulations show that this effect is large. Once the appropriate controls are included in the variance equation consistency is restored. I…
Understanding trends and drivers of urban poverty in American cities
2022
Urban poverty arises from the uneven distribution of poor populations across neighborhoods of a city. We study the trend and drivers of urban poverty across American cities over the last 40 years. To do so, we resort to a family of urban poverty indices that account for features of incidence, distribution, and segregation of poverty across census tracts. Compared to the universally-adopted concentrated poverty index, these measures have a solid normative background. We use tract-level data to assess the extent to which demographics, housing, education, employment, and income distribution affect levels and changes in urban poverty. A decomposition study allows to single out the effect of cha…
Medición del desarrollo humano: un índice alternativo al IDH-2010. Especial referencia a los países latinoamericanos
2014
ResumenEn este trabajo se presenta un índice alternativo al índice de Desarrollo Humano (idh). Utiliza la misma información estadística que éste. A partir de él se obtiene un ranking alternativo de países atendiendo a su desarrollo humano. El nuevo índice no se basa en los valores de los indicadores que lo alimentan, sino en la posición que cada uno de ellos tiene con relación al conjunto de los demás. Posteriormente, clasifica cada indicador en el cuartil correspondiente. El diseño del nuevo índice penaliza la pertenencia de los indicadores a los cuartiles de menor desarrollo. En la aplicación se incide, especialmente, en la situación de los países latinoamericanos.
Selling a vote
2005
Abstract A voting function is a rule that determines the outcome of an election: taking the voters' votes as input, a voting function selects the winning candidate from the set of candidates receiving some vote. A voting function is immune to vote selling when, given that neither voter i nor voter j votes for the winning candidate, a change ceteris paribus in i's vote cannot make the candidate for which j votes the winner. It is shown that voting functions immune to vote selling have either a dictator (a voter who always determines the winning candidate) or a dictated candidate (a candidate who becomes the winner by just receiving some vote).
Comparative study of protective coatings for the conservation of Urban Art
2020
Abstract Contemporary mural paintings are complex artworks for several reasons, including the heterogeneity of the materials used to make them, and the different types of substrate on which the painting layers can be applied. Currently we are focused on a technical-scientific research aimed to solve the issues related to the long-term care and maintenance of murals, by evaluating the performance of several protective coatings applied on these artworks. This paper deals with a preliminary experimentation aimed to: (a) study the interaction of antigraffiti products on common synthetic paints; (b) test the effectiveness and efficiency of several commercial products used as antigraffiti; (c) de…
The Euler–Lagrange equation for the Anisotropic least gradient problem
2016
Abstract In this paper we find the Euler–Lagrange equation for the anisotropic least gradient problem inf { ∫ Ω ϕ ( x , D u ) : u ∈ B V ( Ω ) , u | ∂ Ω = f } being ϕ a metric integrand and f ∈ L 1 ( ∂ Ω ) . We also characterize the functions of ϕ -least gradient as those whose boundary of the level set is ϕ -area minimizing in Ω .
Comparative Study of the a Posteriori Error Estimators for the Stokes Problem
2007
The research presented is focused on a comparative study of a posteriori error estimation methods to various approximations of the Stokes problem. Mainly, we are interested in the performance of functional type a posterior error estimates and their comparison with other methods. We show that functional type a posteriori error estimators are applicable to various types of approximations (including non-Galerkin ones) and robust with respect to the mesh structure, type of the finite element and computational procedure used. This allows the construction of effective mesh adaptation procedures in all cases considered. Numerical tests justify the approach suggested.
Pricing of electricity futures based on locational price differences : The case of Finland
2018
We find that the pricing of Finnish electricity market futures has been inefficient during the latest 10 years, when the trading volumes of Electricity Price Area Differentials (EPADs) have more than doubled. Even though the calculated futures premium on EPADs is related to some risk measures and the variables capturing the demand and supply conditions in the spot electricity markets, there has been a significant positive excess futures premium in the Finnish market, and financial market participants should have been able to utilize this also in economic terms. This finding is new and relevant for the participants of the Nordic electricity markets also in the future, because both the specul…
Machine learning for rapid mapping of archaeological structures made of dry stones – Example of burial monuments from the Khirgisuur culture, Mongoli…
2020
11 pages; International audience; The present study proposes a workflow to extract from orthomosaics the enormous amount of dry stones used by past societies to construct funeral complexes in the Mongolian steppes. Several different machine learning algorithms for binary pixel classification (i.e. stone vs non-stone) were evaluated. Input features were extracted from high-resolution orthomosaics and digital elevation models (both derived from aerial imaging). Comparative analysis used two colour spaces (RGB and HSV), texture features (contrast, homogeneity and entropy raster maps), and the topographic position index, combined with nine supervised learning algorithms (nearest centroid, naive…
Analytical studies of the Sirocco room of Villa Naselli-Ambleri: A XVI century passive cooling structure in Palermo (Sicily)
2015
Abstract This work focuses on a passive cooling architecture particularly popular from the Renaissance in Palermo area, as building sumptuous suburban villas became a real hobby for the Sicilian aristocracy. A Sirocco room is an artificial subterranean construction, built close to a water spring in order to reproduce the pleasant conditions of freshness that could be experienced in a natural cavern. In these places, nobles used to spend their time with friends to escape from the hot summer. The room of Villa Naselli-Ambleri is nowadays the best preserved in Palermo thanks to its owners’ conservation care and it is unique for its cooling operating principle. The above-mentioned consideration…