The Sustainability Of Economic Growth In Abu Dhabi – A Dynamic Cge Approach,
2012
EcoMod and University Libre de Bruxelles
The Sustainability Of Economic Growth In Abu Dhabi – A Dynamic Cge Approach, Bram Smeets, Ali Bayar
Topics in Middle Eastern and North African Economies
No abstract provided.
Diversifications In Turkish Industry And Trade,
2012
Marmara University
Diversifications In Turkish Industry And Trade, A. Suut Dogruel, Fatma Dogruel
Topics in Middle Eastern and North African Economies
No abstract provided.
Effects Of Structural Changes In The Turkish Banking Sector Since 2001 Crisis And A Risk Analysis For The Sector,
2012
Çukurova University
Effects Of Structural Changes In The Turkish Banking Sector Since 2001 Crisis And A Risk Analysis For The Sector, Kenan Lopcu, Süleyman Bilgin Kilic
Topics in Middle Eastern and North African Economies
No abstract provided.
Youth Unemployment In Tunisia: Characteristics And Policy Responses,
2012
Abu Dhabi University
Youth Unemployment In Tunisia: Characteristics And Policy Responses, Iiham Haouas, Edward Sayre, Mahmoud Yagoubi
Topics in Middle Eastern and North African Economies
No abstract provided.
Quantification Of The Relationship Poverty-Education In Algeria: A Multinomial Econometric Approach,
2012
University of Tlemcen
Quantification Of The Relationship Poverty-Education In Algeria: A Multinomial Econometric Approach, Samir B-E. Maliki, Abderrezak Benhabib, Abdelnacer Boutedja
Topics in Middle Eastern and North African Economies
No abstract provided.
Economic Development In The Southern Mediterranean Countries Through Population Growth And International Trade: A Comparative Focus, Wai Mun Hong, Alejandro Lorca, Eva Medina
Topics in Middle Eastern and North African Economies
No abstract provided.
Why Clayton And Gumbel Copulas: A Symmetry-Based Explanation,
2012
The University of Texas at El Paso
Why Clayton And Gumbel Copulas: A Symmetry-Based Explanation, Vladik Kreinovich, Hung T. Nguyen, Songsak Sriboonchitta
Departmental Technical Reports (CS)
In econometrics, many distributions are non-Gaussian. To describe dependence between non-Gaussian variables, it is usually not sufficient to provide their correlation: it is desirable to also know the corresponding copula. There are many different families of copulas; which family shall we use? In many econometric applications, two families of copulas have been most efficient: the Clayton and the Gumbel copulas. In this paper, we provide a theoretical explanation for this empirical efficiency, by showing that these copulas naturally follow from reasonable symmetry assumptions. This symmetry justification also allows us to provide recommendations about which families of copulas we should use …
El Paso Downtown Management District: 2012 Employer Survey,
2012
University of Texas at El Paso
El Paso Downtown Management District: 2012 Employer Survey, Roberto Tinajero, David Ramirez, Dennis L. Soden
IPED Technical Reports
The Institute for Policy and Economic Development (IPED) at the University of Texas at El Paso was contracted by the El Paso Downtown Management District (DMD) and the City Development Department (CDD) of the City of El Paso, Texas to collect data and conduct survey research on issues related to downtown El Paso. Accordingly, this report provides a snapshot of the characteristics and opinions of business owners/managers within the Downtown Management District area. The survey and its findings are intended to guide the DMD and the CDD in their mission to improve public property, public facilities and promote economic development …
Central Place Theory And City Size Distribution,
2012
Singapore Management University
Central Place Theory And City Size Distribution, Wen-Tai Hsu
Research Collection School Of Economics
This paper proposes a theory of city size distribution via a hierarchy approach rather than the popular random growth process. It does so by formalizing central place theory using an equilibrium entry model and specifying the conditions under which city size distribution follows a power law. Central place theory describes the way in which a hierarchical city system with different layers of cities serving differently sized market areas is formed from a uniformly populated space. The force driving the city size differences in this model is the heterogeneity in economies of scale across goods. The city size distribution under a …
Kentucky’S Structural Deficit,
2012
University of Kentucky
Kentucky’S Structural Deficit, Michael T. Childress, William Hoyt
Issue Brief on Topics Affecting Kentucky’s Economy
No abstract provided.
A Profile Of Kentucky Medicaid Mental Health Diagnoses, 2000‐2010,
2012
University of Kentucky
A Profile Of Kentucky Medicaid Mental Health Diagnoses, 2000‐2010, Michael T. Childress
CBER Research Report
Good policy is dependent upon good data. This is especially true in health policy. Here we provide data on the number of Kentucky Medicaid beneficiaries who have received a mental or behavioral health diagnosis from 2000 to 2010. A Profile of Kentucky Medicaid Mental Health Diagnoses, 2000‐2010 provides information on the total number of individuals who have been diagnosed with a mental health disorder as well as a year‐by‐year count of the 15 broad categories used to classify these diagnoses. Presented for children (age 18 and younger) and adults (19 and older), these data are organized at the state, regional, …
They Should Not Emerge, But They Do! Development Of The Generic Pharmaceutical Industry In Syria And Bangladesh,
2012
University of Leipzig
They Should Not Emerge, But They Do! Development Of The Generic Pharmaceutical Industry In Syria And Bangladesh, Sebastian Alexander, Md. Noor Un Nabi, Utz Dornberger
Topics in Middle Eastern and North African Economies
No abstract provided.
Nonparametric Predictive Regression,
2012
Yale University
Nonparametric Predictive Regression, Ioannis Kasparis, Elena Andreou, Peter C.B. Phillips
Cowles Foundation Discussion Papers
A unifying framework for inference is developed in predictive regressions where the predictor has unknown integration properties and may be stationary or nonstationary. Two easily implemented nonparametric F-tests are proposed. The test statistics are related to those of Kasparis and Phillips (2012) and are obtained by kernel regression. The limit distribution of these predictive tests holds for a wide range of predictors including stationary as well as non-stationary fractional and near unit root processes. In this sense the proposed tests provide a unifying framework for predictive inference, allowing for possibly nonlinear relationships of unknown form, and offering robustness to integration …
Non-Linearity Induced Weak Instrumentation,
2012
Yale University
Non-Linearity Induced Weak Instrumentation, Ioannis Kasparis, Peter C.B. Phillips, Tassos Magdalinos
Cowles Foundation Discussion Papers
In regressions involving integrable functions we examine the limit properties of IV estimators that utilise integrable transformations of lagged regressors as instruments. The regressors can be either I(0) or nearly integrated (NI) processes. We show that this kind of nonlinearity in the regression function can significantly affect the relevance of the instruments. In particular, such instruments become weak when the signal of the regressor is strong, as it is in the NI case. Instruments based on integrable functions of lagged NI regressors display long range dependence and so remain relevant even at long lags, continuing to contribute to variance reduction …
Automated Estimation Of Vector Error Correction Models,
2012
Yale University
Automated Estimation Of Vector Error Correction Models, Zhipeng Liao, Peter C.B. Phillips
Cowles Foundation Discussion Papers
Model selection and associated issues of post-model selection inference present well known challenges in empirical econometric research. These modeling issues are manifest in all applied work but they are particularly acute in multivariate time series settings such as cointegrated systems where multiple interconnected decisions can materially affect the form of the model and its interpretation. In cointegrated system modeling, empirical estimation typically proceeds in a stepwise manner that involves the determination of cointegrating rank and autoregressive lag order in a reduced rank vector autoregression followed by estimation and inference. This paper proposes an automated approach to cointegrated system modeling that …
Wages And Informality In Developing Countries,
2012
Yale University
Wages And Informality In Developing Countries, Costas Meghir, Renata Narita, Jean-Marc Robin
Cowles Foundation Discussion Papers
It is often argued that informal labor markets in developing countries promote growth by reducing the impact of regulation. On the other hand informality may reduce the amount of social protection offered to workers. We extend the wage-posting framework of Burdett and Mortensen (1998) to allow heterogeneous firms to decide whether to locate in the formal or the informal sector, as well as set wages. Workers engage in both off the job and on the job search. We estimate the model using Brazilian micro data and evaluate the labor market and welfare effects of policies towards informality.
The Strategic Impact Of Higher-Order Beliefs,
2012
Yale University
The Strategic Impact Of Higher-Order Beliefs, Yi-Chun Chen, Alfredo Di Tillio, Eduardo Faingold, Siyang Xiong
Cowles Foundation Discussion Papers
Previous research has established that the predictions made by game theory about strategic behavior in incomplete information games are quite sensitive to the assumptions made about the players’ infinite hierarchies of beliefs. We evaluate the severity of this robustness problem by characterizing conditions on the primitives of the model — the players’ hierarchies of beliefs — for the strategic behavior of a given Harsanyi type to be approximated by the strategic behavior of (a sequence of) perturbed types. This amounts to providing characterizations of the strategic topologies of Dekel, Fudenberg, and Morris (2006) in terms of beliefs. We apply our …
What Have They Been Thinking? Homebuyer Behavior In Hot And Cold Markets — A 2014 Update,
2012
Yale University
What Have They Been Thinking? Homebuyer Behavior In Hot And Cold Markets — A 2014 Update, Karl E. Case, Robert J. Shiller, Anne K. Thompson
Cowles Foundation Discussion Papers
Questionnaire surveys undertaken in 1988 and annually from 2003 through 2014 of recent homebuyers in each of four U.S. metropolitan areas shed light on their expectations and reasons for buying during the recent housing boom and subsequent collapse. They also provide insight into the reasons for the housing crisis that initiated the current financial malaise. We find that homebuyers were generally well informed, and that their short-run expectations if anything underreacted to the year-to-year change in actual home prices. More of the root causes of the housing bubble can be seen in their long-term (10-year) home price expectations, which reached …
Leverage And Default In Binomial Economies: A Complete Characterization,
2012
Yale University
Leverage And Default In Binomial Economies: A Complete Characterization, Ana Fostel, John Geanakoplos
Cowles Foundation Discussion Papers
Our paper provides a complete characterization of leverage and default in binomial economies with financial assets serving as collateral. Our Binomial No-Default Theorem states that any equilibrium is equivalent (in real allocations and prices) to another equilibrium in which there is no default. Thus actual default is irrelevant, though the potential for default drives the equilibrium and limits borrowing. This result is valid with arbitrary preferences and endowments, contingent or non-contingent promises, many assets and consumption goods, production, and multiple periods. We also show that no-default equilibria would be selected if there were the slightest cost of using collateral or …
On Confidence Intervals For Autoregressive Roots And Predictive Regression,
2012
Yale University
On Confidence Intervals For Autoregressive Roots And Predictive Regression, Peter C.B. Phillips
Cowles Foundation Discussion Papers
A prominent use of local to unity limit theory in applied work is the construction of confidence intervals for autogressive roots through inversion of the ADF t statistic associated with a unit root test, as suggested in Stock (1991). Such confidence intervals are valid when the true model has an autoregressive root that is local to unity (τ = 1 + ( c/n )) but are invalid at the limits of the domain of definition of the localizing coefficient c because of a failure in tightness and the escape of probability mass. Consideration of the boundary case shows that these …
