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Econometric Framework (econometric + framework)

Distribution by Scientific Domains

Business, Economics, Finance and Accounting	83%

Selected Abstracts

Costs and health outcomes of intermediate care: results from five UK case study sites

HEALTH & SOCIAL CARE IN THE COMMUNITY, Issue 6 2008
Billingsley Kaambwa MA
Abstract The objectives of this study were to explore the costs and outcomes associated with different types of intermediate care (IC) services, and also to examine the characteristics of patients receiving such services. Five UK case studies of ,whole systems' of IC were used, with data collected on a sample of consecutive IC episodes between January 2003 and January 2004. Statistical differences in costs and outcomes associated with different IC services and patient groups were explored. Factors associated with variation in IC episode outcomes (EuroQol EQ-5D and Barthel Index) were explored using an econometric framework. Data were available for 2253 episodes of IC. In terms of Department of Health criteria, a large proportion of patients (up to 47% of those for whom data were available) in this study were inappropriately admitted to IC services. As regards service function, compared to supported discharge, admission avoidance services were associated with both lower costs and greater health and functional gains. These gains appear to be driven, in part, by illness severity (more dependent patients tended to gain most benefit). In addition, these gains appear to be larger where the admission was appropriate. Our work suggests a need for the development and application of robust and reliable clinical criteria for admission to IC, and close co-operation between hospital and community service providers over selection of patients and targeting of IC and acute care services to meet defined clinical need. [source]

Adoption and Abandonment of Organic Farming: An Empirical Investigation of the Irish Drystock Sector

JOURNAL OF AGRICULTURAL ECONOMICS, Issue 3 2010
Doris Läpple
Q12; C41; Q16 Abstract There is a considerable literature about the adoption of organic farming. However, possible abandonment of organic farming has received scant attention. Thus, relatively little is known about the exit decisions of farmers. In addition, most studies are based on a static framework where it is not possible to account for changes in farmer decisions over time. This article attempts to fill this gap in the literature by investigating the determinants that affect both adoption and abandonment of organic drystock farming over time. The use of duration analysis allows for the consideration of cross-sectional and time-varying factors over the study period from 1981 to 2008. Using this dynamic econometric framework revealed a significant time effect on entry and exit decisions. Overall, the results highlight that where no attempt is made to account for exit decisions and time effects, important information about sustainable farmer decisions may not be taken into consideration. [source]

Physicians' Labour Supply: The Wage Impact on Hours and Practice Combinations

LABOUR, Issue 4 2005
Erik Magnus Sæther
Increased wages is one instrument for boosting the hours provided by the personnel to the prioritized sub-markets. This study applies an econometric framework that allows for non-convex budget sets, non-linear labour supply curves and imperfect markets with institutional constraints. The labour supply decision is viewed as a choice from a set of discrete alternatives (job packages) in a structural labour supply model estimated on Norwegian micro data. An out-of-sample prediction is also presented and evaluated by means of a natural experiment. [source]

Identifying Demand and Supply of Part-time Jobs Using Personnel Data.

LABOUR, Issue 4 2000
An Application to Italy
The percentage of part-time workers in Italy is very low compared with most European countries. In this paper we try to contribute to an explanation. We use data on the employees of a large Italian company operating in the service sector, and apply a particular econometric framework that allows identification of potential demand and supply. We find that demand and supply are potentially very large on average, but they are difficult to match at the individual worker/job level. The firm might observe a relevant employee's characteristics that are positively correlated with the employee's propensity to a part-time job but are negatively correlated with the profitability of that employee on that job. The firm might also use the revealed willingness to switch to a part-time job as a sign that the employee is likely to be unprofitable for the company. [source]

ASSESSING EUROPEAN CENTRAL BANK'S CREDIBILITY DURING THE FIRST YEARS OF THE EUROSYSTEM: A BAYESIAN EMPIRICAL INVESTIGATION

THE MANCHESTER SCHOOL, Issue 5 2010
GIANNI AMISANO
In this paper we extend Svenssons (CEPR Discussion Paper 940, April 1994) ,simplest test' of inflation target credibility inside a Bayesian econometric framework and obtain various estimates of the European Central Bank's monetary policy credibility. Overall, our empirical evidence suggests that the strategy followed by the European Central Bank was successful in building a satisfactory degree of reputation. However, we find some significant credibility reversals concerning both anti-inflationary and anti-deflationary credibility. These reversals, in turn, are closely related to the evolution of the cyclical macroeconomic conditions in the euro area. [source]

A spatial analysis of provincial corporate income tax responses: evidence from Canada

CANADIAN JOURNAL OF ECONOMICS, Issue 3 2007
Sotiris Karkalakos
Abstract., Using a model of interdependent tax choices, and accounting for equalization entitlements and general transfers, this paper estimates , making use of a spatial econometric framework , corporate income tax-setting functions for all Canadian provincial governments. The results show that there is a statistically significant positive fiscal interaction among a subset of provinces and between all provinces and the federal government. Provincial corporate income taxes are also found to be negatively related to equalization entitlements, general federal transfers, and the federal corporate income tax. A robustness check on the fiscal relationship between Ontario and Quebec verifies the existence of significant bi-directional fiscal interdependencies. The paper also introduces U.S state corporate income taxes as covariates and examines their interaction with Canadian provinces. A l'aide d'un modèle de choix fiscaux interdépendants, et en tenant compte des paiements de péréquation et des transferts généraux, ce texte calibre ,à l'aide d'un cadre économétrique spatial , les fonctions de définition de fiscalité des revenus de sociétés de tous les gouvernements provinciaux canadiens. Les résultats montrent qu'il y a un effet d'interaction positif significatif entre un sous-ensemble de provinces, et entre les provinces dans leur ensemble et le gouvernement fédéral. Les impôts sur le revenu des sociétés des provinces sont co-reliés négativement avec les paiements de péréquation, les transferts généraux, et l'impôt fédéral sur le revenu des sociétés. Des tests de robustesse montrent qu'il y a relation d'interdépendance fiscale bidirectionnelle significative entre le Québec et l'Ontario. Le mémoire introduit les impôts sur le revenu des sociétés aux Etats-Unis comme co-variables et examine leur interaction avec ce qui se passe dans les provinces canadiennes. [source]