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No one true path: uncovering the interplay between geography, institutions, a...
Do institutions rule when explaining cross-country divergence? By employing regression tree analysis to uncover the existence and nature of multiple development clubs and growth... -
How does changing age distribution impact stock prices? A nonparametric appro...
This paper examines whether variations in demographic structure have influenced stock prices. The study employs a nonparametric approach based on the Fourier Flexible Form... -
Identifying the age profile of patent citations: new estimates of knowledge d...
Previous research studies the age profile of patent citations to learn about knowledge flows over time. However, identification is problematic because of the collinearity... -
Non-Gaussian dynamic Bayesian modelling for panel data (replication data)
A first order autoregressive non-Gaussian model for analysing panel data is proposed. The main feature is that the model is able to accommodate fat tails and also skewness, thus... -
Firm size distributions through the lens of functional principal components a...
We explore the dynamics of firm size distributions through the lens of Functional Principal Component Analysis as proposed by Kneip and Utikal (2001). Using samples of UK firms... -
Capital accumulation and growth: a new look at the empirical evidence (replic...
Using annual data for 75 countries in the period 1960-2000, we present evidence of a positive relationship between investment as a share of gross domestic product (GDP) and the... -
The rate of learning-by-doing: estimates from a search-matching model (replic...
We construct and estimate by maximum likelihood a job search model where wages are set by Nash bargaining and idiosyncratic productivity follows a geometric Brownian motion. The... -
Jackknife instrumental variables estimation: replication and extension of ang...
I replicate most of the results in Angrist, Imbens, and Krueger (Journal of Applied Econometrics 1999; 14: 57-67), point to a possible error in and re-estimate Model 3, and... -
Why are gasoline prices sticky? A test of alternative models of price adjustm...
Macroeconomic models of business cycles rely on the assumption that firms adjust prices infrequently to generate the short-run non-neutrality of money documented by the monetary... -
Decision making under risk in Deal or No Deal (replication data)
We analyse the choices of 399 contestants in the Australian version of the television game show Deal or No Deal. We calculate risk aversion bounds for each contestant, revealing... -
Forecast encompassing tests and probability forecasts (replication data)
We consider tests of forecast encompassing for probability forecasts, for both quadratic and logarithmic scoring rules. We propose test statistics for the null of forecast... -
Models of stochastic choice and decision theories: why both are important for...
We select a menu of seven popular decision theories and embed each theory in five models of stochastic choice, including tremble, Fechner and random utility model. We find that... -
Estimating time variation in measurement error from data revisions: an applic...
Over time, economic statistics are refined. This implies that data measuring recent economic events are typically less reliable than older data. Such time variation in... -
Responses to monetary policy shocks in the east and the west of Europe: a com...
This paper compares impulse responses to monetary policy shocks in the euro area countries before the EMU and in the New Member States (NMS) from central-eastern Europe. We... -
On nonparametric estimation of a hedonic price function (replication data)
Recently, using mixed data on Canadian housing, Parmeter, Henderson, and Kumbhakar (Journal of Applied Econometrics 2007; 22: 695-699) found that a nonparametric approach for... -
What you match does matter: the effects of data on DSGE estimation (replicati...
This paper explores the effects of using alternative combinations of observables for the estimation of Dynamic Stochastic General Equilibrium (DSGE) models. I find that the... -
The effects of technology shocks on hours and output: a robustness analysis (...
We analyze the effects of neutral and investment-specific technology shocks on hours and output. Long cycles in hours are removed in a variety of ways. Hours robustly fall in... -
Long-run relations in European electricity prices (replication data)
This paper analyses the interdependencies existing in wholesale electricity prices in six major European countries. The results of a robust multivariate long-run dynamic... -
Measuring forecast uncertainty by disagreement: The missing link (replication...
Using a standard decomposition of forecast errors into common and idiosyncratic shocks, we show that aggregate forecast uncertainty can be expressed as the disagreement among... -
Combining forecast densities from VARs with uncertain instabilities (replicat...
Recursive-weight forecast combination is often found to an ineffective method of improving point forecast accuracy in the presence of uncertain instabilities. We examine the...
