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Full-Text Articles in Econometrics
Embarrassingly Easy Embarrassingly Parallel Processing In R: Implementation And Reproducibility, Michael Delgado, Christopher Parmeter
Embarrassingly Easy Embarrassingly Parallel Processing In R: Implementation And Reproducibility, Michael Delgado, Christopher Parmeter
Christopher F. Parmeter
No abstract provided.
Does Education Matter For Economic Growth?, Michael Delgado, Daniel J. Henderson, Christopher Parmeter
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
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 …
A Quick Guide On Sweave, Christopher Parmeter
A Quick Guide On Sweave, Christopher Parmeter
Christopher F. Parmeter
No abstract provided.
Comparisons Of Model Averaging Techniques: Assessing Growth Determinants, Shahram Amini, Christopher Parmeter
Comparisons Of Model Averaging Techniques: Assessing Growth Determinants, Shahram Amini, Christopher Parmeter
Christopher F. Parmeter
This paper replicates three important studies on growth theory uncertainty that employed Bayesian model averaging tools. We compare these results with estimates obtained using recently developed frequentist and alternative Bayesian model averaging techniques. Overall, we successfully replicate all three studies using freely available software in the statistical environment R, provide an easily implementable algorithm to operationalize the frequentist model averaging methods and find that the sign and magnitude of these new estimates are reasonably close to those produced via traditional Bayesian methods.
Canonical Higher-Order Kernels For Density Derivative Estimation, Daniel J. Henderson, Christopher Parmeter
Canonical Higher-Order Kernels For Density Derivative Estimation, Daniel J. Henderson, Christopher Parmeter
Christopher F. Parmeter
In this note we present rth-order kernel density derivative estimators using canonical higher-order kernels. These canonical rescalings uncouple the choice of kernel and scale factor. This approach is useful for selection of the order of the kernel in a data-driven procedure as well as for visual comparison of kernel estimates.
A Gentle Introduction To R, Christopher Parmeter
A Gentle Introduction To R, Christopher Parmeter
Christopher F. Parmeter
No abstract provided.
Has The World Trade Organization Promoted Successful Regional Trade Agreements?, Jason Grant, Christopher Parmeter
Has The World Trade Organization Promoted Successful Regional Trade Agreements?, Jason Grant, Christopher Parmeter
Christopher F. Parmeter
The WTO’s Committee on Regional Trade Agreements (CRTA) is charged with monitoring, examining, and ensuring the compliance of RTAs. In this paper we ask whether oversight and examination has fostered successful RTAs using bilateral trade flows as our metric. We develop a comprehensive dataset covering 290 regional economic integration agreements that have entered into force since 1960. Remarkably, the data reveal that almost half (43%) of all agreements in existence (up to 2005) are neither notified nor accounted for in the RTA database published by the WTO. We then exploit variation in the notification status of an RTA to determine …