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1 - 10 van 24 voor non nested
Athena
... (0.5). for the same reasons capital of cars is nested with the use of transport services in the transport nest ... in the metal industry, the use of iron ore (non- competitive imports) is nested with energy and capital (in equipment and immaterial). ... (energy and chemical industry) have a substitution elasticity . furthermore, non-price-induced import penetration as a consequence of international ...
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cpb book labour market flexibility netherlands 0 pdf
... labour market outcomes in the most recent period in the netherlands. the evidence is nested in a conceptual framework that discusses the advantages and disadvantages of labour market flexibility ... of notice is mostly relatively short and only few workers have contracts with a non-competition clause. still, strict employment protection may have negative side effects. employment protection reduces ...
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Microsoft Word - discussion52
... the models perform in reproducing the observed early retirement patterns. as the models are not nested, a formal likelihood ratio test to compare the models is theoretically incorrect. therefore we use ... . the criteria are based on the likelihood, and are often used in practice to compare non-nested models. the criteria correct the log-likelihood for the number of observations and the number ...
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economic effects croatias accession eu pdf
... , lack of transparency on government regulation and policy implementation. today, inefficient institutions and non-transparent practises hinder economic transactions substantially. as a result, croatia ranks low on ... neoclassical theories of growth and international trade. sectoral production technologies are modelled as nested ces functions. one of the nests is value-added. the production of value- ...
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Research Memorandum (set-up) [PFP#210045728]
... model depend on substitution possibilities in production and consumption. production technology is described by a nested ces function. the upper level distinguishes between value added and intermediate goods. the substitution elasticity ... flows. table 5.1 trade barriers for oecd regions in 1995 imports from exports to non-oecd non-oecd agriculture japan 17.7 -5.6 united states 9.1 31.4 western ...
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memo179.pdf
... of equation (2.15) 16 b comparing the likelihoods of non-nested models 16 c regression analysis when the error variance is ... this might be due to a non-optimal stationary point; see the computer appendix d. also, this nested optimisation is more complicated than ... with p 1 2. appendix b comparing the likelihoods of non-nested models the loglikelihood of regression model with normally i.i.d ...
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memo241.pdf
... account. furthermore, both models are statistically equivalent, in the sense that a non-nested model specification test remains inconclusive. the main difference between both specifications implied ... from the literature the following types of explanation can be distilled preference related non-expected utility, habit formation, loss aversion incomplete markets liquidity constraints, uninsurable micro ...
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Microsoft Word - New evidence of the effect of transac.doc
... misspecified. we have therefore used an encompassing test that is appropriate to apply to testing non-nested hypotheses (mizon and richard, 1986). the encompassing test shows that for moves to owning the ... mizon, g.e. and r. richard, 1986, the encompassing principle and its application to testing non-nested hypotheses, econometrica, 54, 657-678. oecd, 1999, denmark, 3, oecd, paris. o'sullivan, a., t ...
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Microsoft Word - disc44.doc
... and intermediate inputs (including energy) to produce output. production technologies are described by nested constant elasticity of substitution (ces) functions. the version used in this study distinguishes ... to emission reductions emission reduction in mtceq emissionprice(us tceq) non-co2 co-benefits non-co2 partial mac non-co2 general equilibrium co2 co-benefits ghg general equilibrium figure ...
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dp216 identification reporting accuracies mirror data pdf
... words international statistics; international trade; interna- tional migration; harmonization; generalized linear model; non-nested models cpb netherlands bureau for economic policy analysis. email a.ten.cate ... only tables 1 and 3. f computing non-nested loglikelihood differences the computation of a loglikelihood difference between non-nested models with a different type of probability ...
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