Search results for "mixture"
showing 10 items of 1178 documents
Does Tourism Consumption Behaviour Mirror Differences in Living Standards?
2016
Based on the theoretical foundation of well-being measurement, the study explores differences in living standards by analysing the distribution of tourism expenditure. A mixture of regression models is used to explore the heterogeneity in tourism consumption by identifying groups of families with similar tourism consumption behaviour as a function of certain socio-demographic and economic factors. The empirical analysis, performed on Italian expenditure data, suggests that there are three different patterns of consumption behaviour conditional to the socio-demographic and economic covariates in the tourism market and that differences in tourism consumption between groups of households mirro…
Unbundling technology adoption and tfp at the firm level. Do intangibles matter?
2012
We use a panel of European firms to investigate the relationship between intangible assets and productivity. We distinguish between total factor productivity (tfp) and technology adoption, whereas standard estimations consider only a notion of productivity that conflates the two effects. Although we are unable to address simultaneity, we allow for the existence of multiple technologies within sectors through a mixture model approach. We find that intangible assets have nonnegligible effects that both push firms toward better technologies (technology adoption effects) and allow for more efficient exploitation of a given technology (tfp effects).
GDP clustering: A reappraisal
2012
Abstract This note explores clustering in cross country GDP per capita using recently developed model based clustering methods for panel data. Previous research characterizing the components of the overall distribution of output either use ad hoc methods, or methods which ignore/subvert the panel nature of the data. These new methods allow the characterization of the possible autoregressive relationship of output between time points. We show that traditional static clustering decade by decade gives mixed results regarding clustering over time, while the application of longitudinal mixtures presents three distinct clusters at all periods of time.
Production of innovative, recycled and high-performance asphalt for road pavements
2010
Abstract The paper deals with a specific laboratory study aiming at perfectioning recycled asphalt with high mechanical performance, for surface and structural layers of flexible pavements. The aim of the research was to combine in the same material the maximum possible quantity of recycled asphalt (RA), coming from degraded asphalt layers, together with high structural performance of the recycled mixtures obtained (mainly stability, load spreading properties, rutting and fatigue resistance) that should not be lower, or possibly better than those offered by traditional asphalt mixture, made with virgin binder and aggregate. For this purpose, innovative recycled mixtures, close-graded and wi…
Reassessing segmentation in the Labour Market: an application for Italy 1995-2004.
2011
The aim of this paper is to test for the presence of dualism in a standard wage regression. The disparity in wages between primary and secondary workers, according to labour market segmentation theory, is not provided by worker characteristics, but rather by job characteristics. A standard way to assess this situation is by looking at the estimated coefficients in a standard regression for comparable workers across different labour market segments. In an attempt to avoid arbitrary modelling choices, we deploy mixture regression methods which allow for endogenous determination of the number of existing labour market segments. Using Italian data, our modelling strategy outlines stark differen…
Clustering and Polarization in the Distribution of Output: A Multivariate Perspective.
2013
Abstract Modeling the cross-country distribution of per capita income using mixture analysis provides a natural platform for the detection of clubs of countries. Unfortunately, these mixture methods, when based on a strictly univariate approach are limiting towards one’s ability to learn about the underlying process of the emergence of what constitutes a club. This paper takes a fresh look at the constitution of the emerging clubs in the distribution of cross-country output using bivariate and multivariate mixture analysis. Our results suggest that clubs are also forming in the main Solowian determinants of economic growth.
A Mixture Multiplicative Error Model for Realized Volatility
2006
A multiplicative error model with time-varying parameters and an error term following a mixture of gamma distributions is introduced. The model is fitted to the daily realized volatility series of deutschemark/dollar and yen/dollar returns and is shown to capture the conditional distribution of these variables better than the commonly used autoregressive fractionally integrated moving average model. The forecasting performance of the new model is found to be, in general, superior to that of the set of volatility models recently considered by Andersen et al. (2003, Econometrica 71, 579--625) for the same data. Copyright 2006, Oxford University Press.
Quantum field theory of dilute homogeneous Bose-Fermi mixtures at zero temperature: General formalism and beyond mean-field corrections
2002
We consider a dilute homogeneous mixture of bosons and spin-polarized fermions at zero temperature. We first construct the formal scheme for carrying out systematic perturbation theory in terms of single particle Green's functions. We introduce a new relevant object, the renormalized boson-fermion T-matrix which we determine to second order in the boson-fermion s-wave scattering length. We also discuss how to incorporate the usual boson-boson T-matrix in mean-field approximation to obtain the total ground state properties of the system. The next order term beyond mean-field stems from the boson-fermion interaction and is proportional to $a_{\scriptsize BF}k_{\scriptsize F}$. The total groun…
"Table 3" of "Measurement of the production cross section for W-bosons in association with jets in pp collisions at sqrt(s) = 7 TeV with the ATLAS de…
2011
The measured cross section ratio for W+jets in the electron channel as a function of corrected jet multiplicity.
"Table 9" of "Measurement of the cross section for W-boson production in association with jets in ppbar collisions at s**(1/2) = 1.96-TeV"
2008
Total cross sections for W production in association with 4 or more jets.