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Econometric Issues (econometric + issues)

Distribution by Scientific Domains
Business, Economics, Finance and Accounting100%

Selected Abstracts

Spatial Econometric Issues for Bio-Economic and Land-Use Modelling

JOURNAL OF AGRICULTURAL ECONOMICS, Issue 3 2007
Garth Holloway
Abstract We survey the literature on spatial bio-economic and land-use modelling and assess its thematic development. Unobserved site-specific heterogeneity is a feature of almost all the surveyed works, and this feature, it seems, has stimulated significant methodological innovation. In an attempt to improve the suitability with which the prototype incorporates heterogeneity, we consider modelling alternatives and extensions. We discuss solutions and conjecture others. [source]

Some Econometric Issues in Convergence Regressions

THE MANCHESTER SCHOOL, Issue 3 2003
Adriana Di Liberto
Despite the abundance of different econometric techniques introduced in the empirical literature on convergence, it is usually assumed that shocks are uncorrelated across countries. This is unlikely for most of the data sets considered and we investigate a possibility so far ignored, namely the annual panel estimator where shocks are allowed to be correlated. Our analysis is restricted to the case of T > N which allows us to estimate by maximum likelihood with an unrestricted variance,covariance matrix of cross-country shocks. We examine by Monte Carlo robustness against certain possible misspecifications, namely measurement error and heterogeneity of the convergence coefficients. [source]

THE PURCHASING POWER PARITY PERSISTENCE PUZZLE: EVIDENCE FROM BLACK MARKET REAL EXCHANGE RATES,

THE MANCHESTER SCHOOL, Issue 4 2008
MARIO CERRATO
In this paper we analyse the purchasing power parity (PPP) persistence puzzle using a unique data set of black market real exchange rates for 36 emerging market economies and (exact and approximate) median unbiased univariate and panel estimation methods. We construct bootstrap confidence intervals for the half-lives, as well as exact quantiles of the median function for different significance levels using Monte Carlo simulation. Even after accounting for a number of econometric issues, the PPP persistence puzzle is still a striking characteristic of the majority of emerging market countries. However, in a minority of exchange rates, the PPP puzzle is removed. [source]

A ,long march' perspective on tobacco use in Canada

CANADIAN JOURNAL OF ECONOMICS, Issue 2 2005
Nikolay Gospodinov
We address some methodological and econometric issues that have escaped the attention of some analysts to this point. Using data for the period 1972,2000, we find that non-price developments have had a strong deterrent effect and that the price elasticity of demand is now lower than even the recently obtained low estimates propose. These findings have strong public policy content. JEL Classification: I12, C13, C22 Une perspective de «longue haleine» sur l'usage du tabac au Canada., Dans ce mémoire, on présente un modèle de la demande de tabac au Canada en vue d'établir laquelle des deux stratégies , d'une part, la politique de prix et d'imposition de taxes, et d'autre part, les influences de l'éducation, de la réglementation ainsi que les changements démographiques , a été davantage responsable de la chute importante dans la consommation du tabac depuis 1980. Le texte examine certains problèmes méthodologiques et économétriques qui ont jusqu'ici échappéà l'attention des analystes. A l'aide de données pour la période 1972,2000, on montre que les facteurs qui n'ont rien à voir avec le prix ont eu un fort effet dissuasif, et que l'élasticité de la demande par rapport au prix est maintenant plus faible que les faibles élasticités suggérées par certaines études récentes. Ces résultats ont une grande importance pour la politique publique. [source]