Econometrics Commons^™

Data-Driven Model Evaluation: A Test For Revealed Performance, Jeffrey Racine, Christopher Parmeter

Christopher F. Parmeter

No abstract provided.

Regression And Inference Under Smoothness Restrictions, Christopher Parmeter, Kai Sun, Daniel Henderson, Subal Kumbhakar

Christopher F. Parmeter

No abstract provided.

Does Atlanta Value Marta? Selecting An Autoregressive Model To Recover Willingness To Pay, Juan Moreno-Cruz, Gregory Macfarland, Laurie Garrow

Juan B. Moreno-Cruz

Understanding homeowners’ marginal willingness-to-pay (MWTP) for proximity to public transportation infrastructure is important for planning and policy. Naïve estimates of MWTP, however, may be biased as a result of spatial dependence, spatial correlation, and/or spatially endogenous variables. In this paper we discuss a class of spatial autoregressive models that control for these spatial effects, and apply them to sample data collected for the Atlanta, Georgia housing market. We provide evidence that a general-to-specific model selection methodology that relies on the generality of the spatial Durbin model (SDM) should be preferred to the classical specific-to-general methodology that begins with an assumption …

Asymptotic Behavior Of A T Test Robust To Cluster Heterogeneity, Douglas G. Steigerwald

Douglas G. Steigerwald

We study the behavior of a cluster-robust t statistic and make two principle contributions. First, we relax the restriction of previous asymptotic theory that clusters have identical size, and establish that the cluster-robust t statistic continues to have a Gaussian asymptotic null distribution. Second, we determine how variation in cluster sizes, together with other sources of cluster heterogeneity, affect the behavior of the test statistic. To do so, we determine the sample specific measure of cluster heterogeneity that governs this behavior and show that the measure depends on how three quantities vary over clusters: cluster size, the cluster specific error …

Does Education Matter For Economic Growth?, Michael Delgado, Daniel J. Henderson, Christopher Parmeter

Christopher F. Parmeter

Empirical economic research typically uses education as a proxy for human capital. However, research aimed at validating the inclusion of education measures in growth regressions has yet to reach a consensus, often finding that the sign and significance of education depends on the sample of observations or the specification of the model. The goal of this paper is to reconcile the conflicting empirical evidence and validate (or invalidate) the inclusion of education in international growth regressions by providing a rigorous and systematic search for significance of education. Using methods which are largely immune to model misspecification, we examine six of …

A Zero Inefficiency Stochastic Frontier Estimator, Subal C. Kumbhakar, Christopher Parmeter, Efthymios G. Tsionas

Christopher F. Parmeter

Traditional stochastic frontier models impose inefficient behavior on all firms in the sample of interest. If the data under investigation represent a mixture of both fully efficient and inefficient firms then off-the-shelf frontier models are statistically inadequate. We introduce a zero-inflated stochastic frontier model which can accommodate the presence of both efficient and inefficient firms in the sample. We derive the corresponding log-likelihood function, conditional mean of inefficiency to estimate observation-specific inefficiency and discuss testing for the presence of fully efficient firms. We provide both simulated evidence as well as an empirical example which demonstrates the applicability of the proposed …

Peer Effects And Early Sexual Initiation For African-American Adolescents, Olugbenga Ajilore

Olugbenga Ajilore

Adolescent risky sexual behavior is serious problem that plagues the African-American population more than other ethnic groups. African-American males are more likely to be sexually active, have multiple partners, and have a higher incidence of sexually-transmitted diseases. This paper explores the role of peer effects on early sexual initiation for African-American youth. Most studies analyzing peer influences ignore the “reflection” problem that occurs with studying peer effects. One method of solving this problem is through the use of spatial econometrics. This study contributes to literature on adolescent risky sexual behavior by using a generalized spatial autoregressive approach to model peer …

Consumer Preference Of Semi-Professional Trumpet Players, Mario Yuuji Harper

Mario Yuuji Harper

This project has taken data on the performance and price of trumpet players in the USU Caine college of performing arts. We analyzed this to see the instrument preferences of aspiring professional trumpet players. We have chosen two primary variables to determine this from. First, we find the sound signature produced by the instrument and the player. Second, we look at the type of music that the player is interested in. This is a seemingly simple relationship, but we have found it to be fraught with complication.

The Evolution Of Environmental And Labour Productivity Dynamics, Massimiliano Mazzanti

Massimiliano Mazzanti

No abstract provided.

Una Evaluación De Los Factores Que Estimulan El Patentamiento Regional En México, Vicente German-Soto, Luis Gutiérrez Flores

Vicente German-Soto

La Dolarización De La Economía Mexicana En La Etapa De Apertura Comercial, Vicente German-Soto, Oliver J. Sifuentes Herrera

Vicente German-Soto

Metodología Para Generar Información Regional. Aplicación A La Industria Mexicana, Vicente German-Soto

Vicente German-Soto

Resource Allocation, Affluence And Deadweight Loss When Relative Consumption Matters, Jesse A. Matheson, B. Curtis Eaton

Jesse A Matheson

National Longitudinal Survey Of Public Health Systems: Comparative Report Of 2012 Results, Glen Mays

Glen Mays

The third wave of the National Longitudinal Survey of Public Health Systems was fielded in 2012 in a nationally-representative cohort of local communities. The survey measures the availability of 20 recommended public health activities in the community, the range of organizations that participate in performing each activity, and the perceived effectiveness of each activity. Prior waves of the survey were fielded in 1998 and 2006. Local health officials report data for this survey and receive a customized report of results that compare data for their community with national norms and with "peer groups" of similar communities. This document provides an …

Pricing Lower Or Buying Cheaper? How Grocery Consumers Pay Less During Seasonal Demand Peaks, Colin Watson

Undergraduate Economic Review

The average price paid for a seasonal grocery category is (surprisingly) lower during the category's seasonal demand peak. For several product categories at one supermarket chain, demand peaks are shown to be associated with 1) consumer substitution to lower-quality products, 2) product price reductions, especially on products that increase their market shares, and as a result 3) a decline in the average price paid for the product category. In one very seasonal category, price reductions are driven by intertemporal substitution associated with large weekly discounts. Findings are consistent with any of several loss leader models.

Time Series, Unit Roots, And Cointegration: An Introduction, Lonnie K. Stevans

Lonnie K. Stevans

The econometric literature on unit roots took off after the publication of the paper by Nelson and Plosser (1982) that argued that most macroeconomic series have unit roots and that this is important for the analysis of macroeconomic policy. Yule (1926) suggested that regressions based on trending time series data can be spurious. This problem of spurious correlation was further pursued by Granger and Newbold (1974) and this also led to the development of the concept of cointegration (lack of cointegration implies spurious regression). The pathbreaking paper by Granger (1981), first presented at a conference at the University of Florida …

An Empirical Exploration Of The Effects Of Medical Marijuana Laws, Ben Ehrens

Economics Theses

This exploration into the multiple effects of medical marijuana laws on regional marketplaces uses a novel data set and contributes three unique and important findings. First, in states with medical marijuana legislation the price of marijuana is significantly lower than states without similar legislation, this is likely due to measures that allow for legalized avenues of production and distribution. Secondly, because of price breaks for bulk purchases, retail level distributers operate on a downward sloping supply curve that is less steep in medical marijuana states; this is likely due to decreased risk of distribution which may reduce preference for lower …

Public Health Return On Investment: Making The Case, Glen Mays

Glen Mays

Fiscal pressures and policy imperatives have created a need for rigorous economic analyses of public health programs and policies. ROI analyses can reveal whether the benefits of public health strategies justify their costs, who realizes these benefits and costs, and under what circumstances.

Public Health Return On Investment: Making The Case, Glen P. Mays

Health Management and Policy Presentations

Fiscal pressures and policy imperatives have created a need for rigorous economic analyses of public health programs and policies. ROI analyses can reveal whether the benefits of public health strategies justify their costs, who realizes these benefits and costs, and under what circumstances.

Comparative Effectiveness Research And Patient Centered Outcomes Research In Public Health Settings: Design, Analysis, And Funding Considerations, Glen P. Mays

Health Management and Policy Presentations

The principles and methods of CER and PCOR have developed primarily with therapeutics in mind, but they must also be applied to the study of public health programs, policies, and delivery systems. This session surveys the emerging field, and provides examples of CER/PCOR methods applied in public health settings using practice-based research networks (PBRNs).