摘要:

AbstractIn this paper we specify and estimate a flexible parametric proportional hazards model. The model specification is flexibly parametric in the sense that the baseline hazard is non parametric while the effect of the covariates takes a particular functional form. We also add parametric heterogeneity to the underlying hazard model specification. We specify a flexible parametric proportional competing risks model which permits unrestricted correlation among the risks. Unemployment duration data are then analysed using the flexible parametric duration and competing risks specifications. We find an important effect arising from the exhaustion of unemployment insurance and significantly different hazards for the two types of risks, new jobs and recalls.

ISSN:0883-7252    

DOI:10.1002/jae.3950050102

出版商:Wiley Subscription Services, Inc., A Wiley Company    

年代:1990

数据来源: WILEY

摘要:

AbstractAn error correction model is derived from a stochastic dynamic programming problem incorporating rational expectations. A parametric restriction is derived that allows a test for the theoretical proposition that the optimal strategy behind the error correction from entails the failure to asymptotically close the gap between the choice variable and the growing target. This is accomplished by nesting a partial adjustment model with forward‐looking expectations within the error correction paradigm. The counterintuitive behaviour embodied in the error correction model is not supported by the data in the context of a cross‐country comparison of cash balances relationsh

ISSN:0883-7252    

DOI:10.1002/jae.3950050103

出版商:Wiley Subscription Services, Inc., A Wiley Company    

年代:1990

数据来源: WILEY

摘要:

AbstractWe examine the robustness of persistence measurement to different seasonal adjustment procedures. The empirical analysis is based on US data for real gross national product (GNP). Officially published data on US GNP are seasonally adjusted by Census X‐11. We find that this series gives significantly higher measures of persistence than GNP data adjusted by alternative seasonal adjustment methods. Some Monte Carlo evidence in support of this conclusion is also presente

ISSN:0883-7252    

DOI:10.1002/jae.3950050104

出版商:Wiley Subscription Services, Inc., A Wiley Company    

年代:1990

数据来源: WILEY

摘要:

AbstractA generalized stochastic frontier system is fitted with unbalanced panel data of Egyptian floor tileries and estimated using OLS, ‘within’, feasible GLS, and maximum likelihood. Hausman tests indicate ‘within’ is the correct estimator for the data. Estimates of firm‐level technical and allocative inefficiencies (and their costs) are presented for each of the estimators. Finally, sources of technical inefficiency are inv

ISSN:0883-7252    

DOI:10.1002/jae.3950050105

出版商:Wiley Subscription Services, Inc., A Wiley Company    

年代:1990

数据来源: WILEY

摘要:

AbstractThis paper considers a system consisting of a production frontier and factor share equations to measure firm‐specific technical efficiency and input‐specific allocative efficiency simulataneously. In estimating the system as a whole, the joint distribution of all errors in the equations is used. This is more efficient than using the marginal distribution of a function of the errors as one does by estimating either the profit function of the production function alone. The workability of the method is illustrated by applying it to farm‐level data from Philippines agricu

ISSN:0883-7252    

DOI:10.1002/jae.3950050106

出版商:Wiley Subscription Services, Inc., A Wiley Company    

年代:1990

数据来源: WILEY

ISSN:0883-7252    

DOI:10.1002/jae.3950050107

出版商:Wiley Subscription Services, Inc., A Wiley Company    

年代:1990

数据来源: WILEY

ISSN:0883-7252    

DOI:10.1002/jae.3950050108

出版商:Wiley Subscription Services, Inc., A Wiley Company    

年代:1990

数据来源: WILEY

ISSN:0883-7252    

DOI:10.1002/jae.3950050109

出版商:Wiley Subscription Services, Inc., A Wiley Company    

年代:1990

数据来源: WILEY

ISSN:0883-7252    

DOI:10.1002/jae.3950050101

出版商:Wiley Subscription Services, Inc., A Wiley Company    

年代:1990

数据来源: WILEY