Sieve Estimation Of Panel Data Models With Cross Section Dependence,
2012
Singapore Management University
Sieve Estimation Of Panel Data Models With Cross Section Dependence, Liangjun Su, Sainan Jin
Research Collection School Of Economics
In this paper we consider the problem of estimating semiparametric panel data models with cross section dependence, where the individual-specific regressors enter the model nonparametrically whereas the common factors enter the model linearly. We consider both heterogeneous and homogeneous regression relationships when both the time and cross-section dimensions are large. We propose sieve estimators for the nonparametric regression functions by extending Pesaran’s (2006) common correlated effect (CCE) estimator to our semiparametric framework. Asymptotic normal distributions for the proposed estimators are derived and asymptotic variance estimators are provided. Monte Carlo simulations indicate that our estimators perform well in finite samples.
Bias In The Estimation Of The Mean Reversion Parameter In Continuous Time Models,
2012
Singapore Management University
Bias In The Estimation Of The Mean Reversion Parameter In Continuous Time Models, Jun Yu
Research Collection School Of Economics
It is well known that for continuous time models with a linear drift standard estimation methods yield biased estimators for the mean reversion parameter both in finite discrete samples and in large in-fill samples. In this paper, we obtain two expressions to approximate the bias of the least squares/maximum likelihood estimator of the mean reversion parameter in the Ornstein-Uhlenbeck process with a known long run mean when discretely sampled data are available. The first expression mimics the bias formula of Marriott and Pope (1954) for the discrete time model. Simulations show that this expression does not work satisfactorily when the …
Quantifying The Value Of Public Health Investments,
2012
bepress (DC Admins)
Quantifying The Value Of Public Health Investments, Glen Mays
Glen Mays
This session reviews recent findings from a series of studies that estimate the health and economic effects attributable to investments in public health services and delivery systems.
Quantifying The Value Of Public Health Investments,
2012
University of Kentucky
Quantifying The Value Of Public Health Investments, Glen P. Mays
Health Management and Policy Presentations
This session reviews recent findings from a series of studies that estimate the health and economic effects attributable to investments in public health services and delivery systems.
Developing Service Delivery Measures For Studies Of Practice Variation: The Mprove Study,
2012
bepress (DC Admins)
Developing Service Delivery Measures For Studies Of Practice Variation: The Mprove Study, Glen Mays
Glen Mays
OBJECTIVES: A growing body of evidence indicates that the delivery of public health activities varies widely across states and communities, creating missed opportunities for prevention as well as inequities in health protection. Consequently, HHS recently used a consensus-based process to develop a framework for improving quality in public health and to identify a set of nine priority areas for improvement. As next steps in operationalizing this framework, measures of quality in public health are needed to guide public health improvement initiatives and to support research on the comparative effectiveness of alternative public health strategies. This presentation profiles the methodology developed …
Developing Service Delivery Measures For Studies Of Practice Variation: The Mprove Study,
2012
University of Kentucky
Developing Service Delivery Measures For Studies Of Practice Variation: The Mprove Study, Glen P. Mays
Health Management and Policy Presentations
OBJECTIVES: A growing body of evidence indicates that the delivery of public health activities varies widely across states and communities, creating missed opportunities for prevention as well as inequities in health protection. Consequently, HHS recently used a consensus-based process to develop a framework for improving quality in public health and to identify a set of nine priority areas for improvement. As next steps in operationalizing this framework, measures of quality in public health are needed to guide public health improvement initiatives and to support research on the comparative effectiveness of alternative public health strategies. This presentation profiles the methodology developed …
Funding Public Health: A New Iom Report On Investing In A Healthier Future,
2012
bepress (DC Admins)
Funding Public Health: A New Iom Report On Investing In A Healthier Future, Glen Mays, George Isham, Robert Kaplan
Glen Mays
A new Institute of Medicine report recommends establishing a national target for life expectancy and implementing new mechanisms for financing public health strategies to acheive this target.
Scale And Scope Effects In Public Health Delivery: Estimating Gains From Regionalization,
2012
bepress (DC Admins)
Scale And Scope Effects In Public Health Delivery: Estimating Gains From Regionalization, Glen P. Mays
Glen Mays
OBJECTIVES: Current approaches to health system reform under the Affordable Care Act include efforts to enhance the delivery of public health services that promote health and prevent disease and injury on a population-wide basis. The nation’s public health delivery system comprises nearly 3000 local public health agencies that vary widely in size, resources, and capabilities. Economic pressures, workforce shortages, and new national accreditation standards are leading these agencies to explore mechanisms for pooling resources and expertise across local jurisdictions to enhance delivery and improve population health. This analysis uses longitudinal observations on a national sample of local public health agencies …
Funding Public Health: A New Iom Report On Investing In A Healthier Future,
2012
Partners Healthcare
Funding Public Health: A New Iom Report On Investing In A Healthier Future, George Isham, Robert Kaplan, Glen P. Mays
Health Management and Policy Presentations
A new Institute of Medicine report recommends establishing a national target for life expectancy and implementing new mechanisms for financing public health strategies to acheive this target.
Scale And Scope Effects In Public Health Delivery: Estimating Gains From Regionalization,
2012
University of Kentucky
Scale And Scope Effects In Public Health Delivery: Estimating Gains From Regionalization, Glen P. Mays
Health Management and Policy Presentations
OBJECTIVES: Current approaches to health system reform under the Affordable Care Act include efforts to enhance the delivery of public health services that promote health and prevent disease and injury on a population-wide basis. The nation’s public health delivery system comprises nearly 3000 local public health agencies that vary widely in size, resources, and capabilities. Economic pressures, workforce shortages, and new national accreditation standards are leading these agencies to explore mechanisms for pooling resources and expertise across local jurisdictions to enhance delivery and improve population health. This analysis uses longitudinal observations on a national sample of local public health agencies …
Expanding The Evidence Base For Accreditation And Qi: Progress In Practice-Based Research Networks,
2012
bepress (DC Admins)
Expanding The Evidence Base For Accreditation And Qi: Progress In Practice-Based Research Networks, Glen Mays
Glen Mays
Studies that examine the implementation and impact of quality improvement strategies in public health are underway through the Public Health Practice-Based Research Networks.
Expanding The Evidence Base For Accreditation And Qi: Progress In Practice-Based Research Networks,
2012
University of Kentucky
Expanding The Evidence Base For Accreditation And Qi: Progress In Practice-Based Research Networks, Glen P. Mays
Health Management and Policy Presentations
Studies that examine the implementation and impact of quality improvement strategies in public health are underway through the Public Health Practice-Based Research Networks.
Estimating Medical Cost Offsets Attributable To Public Health Spending,
2012
University of Kentucky
Estimating Medical Cost Offsets Attributable To Public Health Spending, Glen P. Mays
Health Management and Policy Presentations
BACKGROUND: Policy strategies for reforming the U.S. health care system to control costs and improve health outcomes include the possibility of expanded support for public health activities that are designed to prevent disease and promote health on a population-wide basis. These activities include efforts to monitor and report on community health status, investigate and control disease outbreaks, educate the public about health risks and prevention strategies, develop and enforce laws and regulations to protect health, and inspect and assure the safety and quality of water, food, air and other resources necessary for health. The Patient Protection and Affordable Care Act …
Estimating Medical Cost Offsets Attributable To Public Health Spending,
2012
University of Kentucky
Estimating Medical Cost Offsets Attributable To Public Health Spending, Glen Mays
Glen Mays
BACKGROUND: Policy strategies for reforming the U.S. health care system to control costs and improve health outcomes include the possibility of expanded support for public health activities that are designed to prevent disease and promote health on a population-wide basis. These activities include efforts to monitor and report on community health status, investigate and control disease outbreaks, educate the public about health risks and prevention strategies, develop and enforce laws and regulations to protect health, and inspect and assure the safety and quality of water, food, air and other resources necessary for health. The Patient Protection and Affordable Care Act …
Income Inequality And Economic Incentives: Is There An Equity-Efficiency Tradeoff?,
2012
Hofstra University
Income Inequality And Economic Incentives: Is There An Equity-Efficiency Tradeoff?, Lonnie K. Stevans
Lonnie K. Stevans
What is the basis and direction of relationship between income inequality and economic growth? The equity versus efficiency dictum which predicts a positive relationship between inequality, capital formation, and real GDP growth—emphasizes the importance of economic incentives. Subsequently, this was challenged by the incomplete markets and political outcomes theories, because of increasing empirical evidence of an inverse relationship between income inequality and economic growth. In this paper, a further explanation of the basis and nature of the inequality–capital–growth relationship is presented, which emphasizes the divergence between savings and investment. For the United States, over the period 1970–2006, we have found …
Rhode Island Current Conditions Index — June 2012,
2012
University of Rhode Island
Rhode Island Current Conditions Index — June 2012, Leonard Lardaro
The Rhode Island Current Conditions Index
No abstract provided.
Nonlinear Cointegrating Regression Under Weak Identification,
2012
University of Wisconsin
Nonlinear Cointegrating Regression Under Weak Identification, Xiaoxia Shi, Peter C. B. Phillips
Research Collection School Of Economics
An asymptotic theory is developed for a weakly identified cointegrating regression model in which the regressor is a nonlinear transformation of an integrated process. Weak identification arises from the presence of a loading coefficient for the nonlinear function that may be close to zero. In that case, standard nonlinear cointegrating limit theory does not provide good approximations to the finite-sample distributions of nonlinear least squares estimators, resulting in potentially misleading inference. A new local limit theory is developed that approximates the finite-sample distributions of the estimators uniformly well irrespective of the strength of the identification. An important technical component of …
Dynamic Misspecification In Nonparametric Cointegrating Regression,
2012
University of Cyprus
Dynamic Misspecification In Nonparametric Cointegrating Regression, Ioannis Kasparis, Peter C. B. Phillips
Research Collection School Of Economics
Linear cointegration is known to have the important property of invariance under temporal translation. The same property is shown not to apply for nonlinear cointegration. The limit properties of the Nadaraya-Watson (NW) estimator for cointegrating regression under misspecified lag structure are derived, showing the NW estimator to be inconsistent, in general, with a "pseudo-true function" limit that is a local average of the true regression function. In this respect nonlinear cointegrating regression differs importantly from conventional linear cointegration which is invariant to time translation. When centred on the pseudo-true function and appropriately scaled, the NW estimator still has a mixed …
Human Capital Formation And Economic Development In Pakistan: An Empirical Analysis,
2012
National College of Business Administration and Economics, Lahore
Human Capital Formation And Economic Development In Pakistan: An Empirical Analysis, Muhammad Irfan Chani, Mahboob Ul Hassan, Muhammad Shahid
Muhammad Irfan Chani
This study investigates the casual relationship between economic development and formation of human capital in Pakistan. Based on endogenous growth theory, this study empirically tests the standard growth model consisting of gross domestic product (GDP) per capita as a dependent variable and human capital formation, investment in physical capital and labor force as independent variables. Autoregressive distributive lag (ARDL) bound testing approach to cointegration is used to check the long-run equilibrium relationship between the variables included in the model. For checking the causal relationship between economic development and human capital formation, pair-wise Granger causality test is used for time series …
Construction Of Pena’S Dp2-Based Ordinal Synthetic Indicator When Partial Indicators Are Rank Scores,
2012
North-Eastern Hill University, Shillong (India)
Construction Of Pena’S Dp2-Based Ordinal Synthetic Indicator When Partial Indicators Are Rank Scores, Sudhanshu K. Mishra
Sudhanshu K Mishra
The present study devises a computational scheme (and develops a FORTRAN 77 computer program) that may be appropriate to construct Pena’s DP2 (ordinal) synthetic indicator (Z) from the partial indicators (X) all of which are ordinal (ranking scores). An attempt has also been made to empirically apply the method (and the computer program) to obtain an ordinal synthetic indicator from a given ordinal data set.
