On The Spectral Density Of Fractional Ornstein-Uhlenbeck Process: Approximation, Estimation, And Model Comparison,
2023
Singapore Management University
On The Spectral Density Of Fractional Ornstein-Uhlenbeck Process: Approximation, Estimation, And Model Comparison, Shuping Shi, Jun Yu, Chen Zhang
Research Collection School Of Economics
This paper introduces a novel method for accurately approximating the spectral density of the discretely-sampled fractional Ornstein-Uhlenbeck (fOU) process. We utilize this approximated spec-tral density to develop an estimation method called the approximated Whittle maximum likelihood method (AWML) for fOU. Additionally, we develop a likelihood-ratio (LR) test using the approxi-mated spectral densities to distinguish between the fractional Brownian motion (fBm) and fOU pro-cesses, two popular models in the volatility literature. Simulation studies demonstrate that the AWML method improves the estimation speed and accuracy compared to existing ones and that the LR test is effective in distinguishing between the two processes …
An Inquiry Concerning Japanese Yen Interest Rate Swap Yields,
2023
Citibank
An Inquiry Concerning Japanese Yen Interest Rate Swap Yields, Tanweer Akram, Khawaja Mamun
WCBT Working Papers
This paper econometrically models Japanese yen (JPY)–denominated interest rate swap yields. It examines whether the short-term interest rate exerts an influence on the long-term JPY swap yield after controlling for several key macroeconomic variables, such as core inflation, the growth of industrial production, the percentage change in the equity price index, and the percentage change in the exchange rate. It also tests whether there are structural breaks in the dynamics of Japanese swap yields and related variables. The estimated econometric models show that the short-term interest rate exerts an important influence on the long-term swap yield in some periods but …
Economic Impact Assessment Of Nature-Based Coastal Resilience Solutions In Charleston. Estimating Local Economic Effects With Algorithm-Based Supporting Tool.,
2023
Clemson University
Economic Impact Assessment Of Nature-Based Coastal Resilience Solutions In Charleston. Estimating Local Economic Effects With Algorithm-Based Supporting Tool., Oksana Veselkova
All Theses
Coastal cities are at the forefront of the risks induced by climate change. Local communities are adversely affected, but the essential cultural assets and economies are also at risk of damage or destruction. In the efforts to limit hazard risk exposure, local governments are increasingly planning for long-term flood protection. One prospective flood risk mitigation measure is living shorelines or nature-based adaptation. The coastal ecosystems, such as beaches, wetlands, barrier islands, oyster reefs, and salt marshes, deliver multiple benefits to communities, including recreation, natural resources, freshwater, and carbon sequestration. Moreover, when combined with structural solutions, they can effectively reduce water …
Inflation Dynamics And Expectations In Singapore,
2023
Singapore Management University
Inflation Dynamics And Expectations In Singapore, Hwee Kwan Chow-Tan
Research Collection School Of Economics
Inflation dynamics in Singapore have primarily been shaped by foreign factors, including global inflationary pressures and external macroeconomic shocks. More recently, the normalisation phase of the Covid-19 pandemic crisis has led to domestic price pressures from pent-up demand and supply-chain disruptions. Meanwhile, the war in Ukraine has resulted in a hike in the global prices of food, energy, and industrial commodities. Using inflation forecasts from the MAS Survey of Professional Forecasters as our measure of inflation expectations, we show that short-term inflation expectations have shifted up recently. Moreover, greater disagreement amongst survey respondents in the more recent surveys suggests individual …
Improved Marginal Likelihood Estimation Via Power Posteriors And Importance Sampling,
2023
Singapore Management University
Improved Marginal Likelihood Estimation Via Power Posteriors And Importance Sampling, Yong Li, Nianling Wang, Jun Yu
Research Collection School Of Economics
Power posteriors have become popular in estimating the marginal likelihood of a Bayesian model. A power posterior is referred to as the posterior distribution that is proportional to the likelihood raised to a power b∈[0,1]. Important power-posterior-based algorithms include thermodynamic integration (TI) of Friel and Pettitt (2008) and steppingstone sampling (SS) of Xie et al. (2011). In this paper, it is shown that the Bernstein–von Mises (BvM) theorem holds for power posteriors under regularity conditions. Due to the BvM theorem, power posteriors, when adjusted by the square root of the auxiliary constant, have the same limit distribution as the original …
The 2015 Ncaa Cost-Of-Attendance Stipend And Its Effects On Institutional Financial Aid Packages,
2023
University of Richmond
The 2015 Ncaa Cost-Of-Attendance Stipend And Its Effects On Institutional Financial Aid Packages, Sara Greene
Honors Theses
In 2015, the National Collegiate Athletic Association (NCAA) allowed “Cost of Attendance” (COA) stipends to be offered to athletic recruits for Division I schools. These stipends are intended to allow schools to grant aid to student-athletes beyond a full-ride scholarship to cover additional costs imposed on student-athletes. These stipends created an opportunity for the “Autonomy” Power 5 programs to utilize a competitive tactic to try to win over the top recruits. There is evidence that these COA stipends have caused an increase in the estimated cost of attendance reported by the university. This paper examines if the COA stipends have …
New York Camp Econometrics Xvii Program,
2023
Syracuse University
New York Camp Econometrics Xvii Program, Center For Policy Research
Camp Econometrics-Programs
No abstract provided.
Fenway And Crime: Opportunity, Geographic Differences, And Team Rivalry At Boston Red Sox Games,
2023
Bryant University
Fenway And Crime: Opportunity, Geographic Differences, And Team Rivalry At Boston Red Sox Games, Cole Mcgovern
Empirical Economic Bulletin, An Undergraduate Journal
Although hosting professional sports are often seen as a financial benefit for cities, there are also associated costs. This paper investigates the possibility of interdependence between a variety of crimes and home game days of the Boston Red Sox. When adjusting for game attendance and length, minor assaults charges such as disorderly conduct and simple assault increase city-wide during game days. Despite this, all crime around the immediate stadium area decreases in volume. Additionally, this study examines differences in geographical impacts and crime levels, when a game was played, and games played against the New York Yankees, their historic rival.
Empirical Analysis Of Firearm-Related Deaths In The United States Based On Sex, Race, And Age,
2023
Bryant University
Empirical Analysis Of Firearm-Related Deaths In The United States Based On Sex, Race, And Age, Dominik Dacruz
Empirical Economic Bulletin, An Undergraduate Journal
This empirical study examines firearm deaths via sex, race, and age in the United States. They have a look at making use of information from dependable assets such as the Centers for Disease Control and Prevention and the National Vital Statistics System. Descriptive and theoretical statistical analyzes are used to look at the relationship between those elements and firearm-associated mortality throughout agencies inside the US. The effects display that gun homicides have persisted to rise over the years, with guys and African Americans most tormented by gun violence Suicide is the main motive of gun deaths, observed through homicide and …
The Effects Of Cultural Values On Economic Growth: An Empirical Investigation,
2023
Bryant University
The Effects Of Cultural Values On Economic Growth: An Empirical Investigation, Jake Barlow
Empirical Economic Bulletin, An Undergraduate Journal
This study explores the relationship between cultural attitudes and national GDP growth, across several countries. Data from the World Values Survey from the 2010 through 2014 and 2005-2009 wave have been utilized to determine cultural attitudes, and data from the World Bank and USAID has been utilized for building the economic growth model. The purpose of this study is to inform policy makers regarding the effects of different cultural factors and their interactions on economic growth outcomes. The main contribution of this study is the positive impact that attitudes towards the environment have on economic growth outcomes.
Educations Effect On Income Inequality: A Panel Data Analysis,
2023
Bryant University
Educations Effect On Income Inequality: A Panel Data Analysis, Nicholas Garbarino
Empirical Economic Bulletin, An Undergraduate Journal
This paper investigates the effects of education amongst other factors on income inequality in Europe. This study examines if countries who have higher educational attainment have lower income inequality or if having higher educational attainment has no effect on income inequality. The study will include data from several European countries over two different time periods and the results will then be compared at a country level and at an overall level to see how education affects income inequality. The regression results show that a country that has higher educational attainment is more likely to have lower income inequality. These findings …
An Empirical Analysis Of The Impact Of Unemployment Rate And Economic Development Level On Income Inequality,
2023
Bryant University
An Empirical Analysis Of The Impact Of Unemployment Rate And Economic Development Level On Income Inequality, Wenyi Gu
Empirical Economic Bulletin, An Undergraduate Journal
This study used linear regression analysis to inspect influence of unemployment rates and economic development levels on income inequality in the United States and Germany. The results indicate that the level of economic development is the main driving factor for inequality of income in America, while in Germany, high unemployment and inflation can exacerbate income inequality. This study emphasizes the importance of labor market policies, social welfare policies, and tax policies in reducing income inequality. While the analysis only covers two countries, the results have significant policy implications for addressing income inequality. Future research can expand on the factors that …
The Determinants Of Carbon Emission In Asia And Europe: A Panel Data Analysis,
2023
Bryant University
The Determinants Of Carbon Emission In Asia And Europe: A Panel Data Analysis, Erika Hauser
Empirical Economic Bulletin, An Undergraduate Journal
This paper investigates the numerous variables that influence carbon emissions in selected Asian and European countries. The study examines the countries with the highest gross domestic product (GDP) in each region, considering the possible impact of economic growth on greenhouse gas emissions. The study also analyzes the role of other variables such as tourism, foreign direct investment (FDI), ecological footprint level (EFL), and agricultural output. The ecological footprint level is modeled by global hectare or the countries’ gha, which is a measure of the impact of human activities on the environment. The study estimates tourism and FDI reduce emissions, while …
An Empirical Analysis Of Foreign Trade And Institutional Quality On Economic Growth In Asian Countries,
2023
Bryant University
An Empirical Analysis Of Foreign Trade And Institutional Quality On Economic Growth In Asian Countries, Ruixi Huang
Empirical Economic Bulletin, An Undergraduate Journal
This investigation explores the connections between foreign commerce, institutional quality, and economic growth in 11 Asian nations, utilizing panel data spanning 2000 to 2021. The countries are classified into Central Asia and Southeast Asia groups. Economic growth serves as the dependent variable, while trade openness, FDI, institutional quality, human capital, and terms of trade act as independent variables. The outcomes reveal that only total life expectancy at birth significantly influences Central Asian countries' economic growth. Furthermore, trade openness, FDI net inflows, and governance indicators considerably affect Southeast Asian nations. The results also indicate that institutional quality's impact on economic growth …
An Empirical Analysis Of The Impact Specific Crimes Have On Property Values In Massachusetts,
2023
Bryant University
An Empirical Analysis Of The Impact Specific Crimes Have On Property Values In Massachusetts, Jake Scott
Empirical Economic Bulletin, An Undergraduate Journal
This research paper examines the impact of specific crime types on property values in urban areas. Using a dataset of property sales and crime data from several cities in Massachusetts, a regression analysis is applied to estimate the effect of different crime types on property values. Our findings suggest that certain types of crime, such as violent crimes and drug-related offenses, have a significant negative impact on property values, while other types of crime, such as property crimes and white-collar crimes, have a relatively small effect on property values. We also find that the effect of crime on property values …
An Empirical Exploration Of U.S Healthcare Discrimination And Obesity Prevalence,
2023
Bryant University
An Empirical Exploration Of U.S Healthcare Discrimination And Obesity Prevalence, Arinzechukwu Maduka
Empirical Economic Bulletin, An Undergraduate Journal
This paper offers an empirical exploration of the discriminatory nature of the US healthcare system using obesity prevalence as a primary lens. The study involves an analysis of time series data sets to examine the impact of an array of both economic and lifestyle factors on obesity rates across a statewide level. In addition to discussing the current realm of literature surrounding obesity, this paper expounds upon existing empirical models. Results show that inequality and race are significant influencers of anti-black discrimination that is ever present within society.
Empirical Analysis Of Nba Ticket Prices Correlation To Nba All-Stars,
2023
Bryant University
Empirical Analysis Of Nba Ticket Prices Correlation To Nba All-Stars, Michael Mcneil
Empirical Economic Bulletin, An Undergraduate Journal
This paper investigates the possibility of a correlation between NBA ticket prices and if NBA All-Stars increase this cost. The model will incorporate the points, rebounds, assists, and minutes an NBA team has, the number of audience members, and how many All-Stars are at the game.
Empirical Analysis Of Institutional Quality And Financial Development On Income Inequality In Central America,
2023
Bryant University
Empirical Analysis Of Institutional Quality And Financial Development On Income Inequality In Central America, Odette Mansour
Empirical Economic Bulletin, An Undergraduate Journal
This paper investigates the effect of Institutional Quality and financial development in middle income in Central American Countries. The study incorporates information about how inequality in middle income has increased alarmingly and how we should consider improving the institution's quality. The outcomes show a positive relationship between Institutional Quality and financial development regarding middle-income society in Central American Countries, specifically: Panama, Costa Rica, El Salvador, and Honduras, which is why we suggested reforming institutional in Central American countries, letting international institutions such as the World Bank, United Nations, and IMF use their financial and political influences to promote strategies aimed …
An Empirical Analysis Of Prime Performing Age Of Nba Players; When Do They Reach Their Prime?,
2023
Bryant University
An Empirical Analysis Of Prime Performing Age Of Nba Players; When Do They Reach Their Prime?, Tony Salameh
Empirical Economic Bulletin, An Undergraduate Journal
This empirical research paper investigates the prime performing age of NBA players from the perspective of General Managers. The study aims to identify the age range in which players are most effective on the court and to determine if there is a significant relationship between age and player performance. Player performance statistics data was collected from ESPN and analyzed to help determine at what age players reach their prime productivity levels for a team. The findings suggest that the prime performing age of NBA players is between 27 and 31 years old, with a slight decline in performance after the …
An Empirical Analysis Of The Effects Of Government Influence On Deforestation In Latin America,
2023
Bryant University
An Empirical Analysis Of The Effects Of Government Influence On Deforestation In Latin America, Francine Roberge
Empirical Economic Bulletin, An Undergraduate Journal
This paper investigates government influence and factors that may increase the rate of deforestation in Latin American countries. An empirical analysis will be conducted to measure the change in deforestation rates based on several potential influences. The analysis will look specifically at countries in Latin America that have a high level of deforestation including Argentina, Bolivia, Brazil, Columbia, Paraguay, Peru, and Venezuela from 1996 until 2011. Variables studied include accessibility, suitability for agriculture production, corruption perception, government effectiveness, political stability, GDP per capita, foreign direct investment, and trade openness. The results show that as more forest cover is lost, and …
