Asymptotic Analysis of Poverty Dynamics via Feller Semigroups
MathematicsPoverty is a multifaceted phenomenon impacting millions globally, defined by a deficiency in both material and immaterial resources, which consequently restricts access to satisfactory living conditions. Comprehensive poverty analysis can be accomplished
Lahcen Boulaasair +2 more
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Forecasting in the Presence of Level Shifts [PDF]
This article addresses the problem of forecasting time series that are subject to level shifts. Processes with level shifts possess a nonlinear dependence structure.
Smith, Aaron D.
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REDUCTION OF STATE VARIABLE DIMENSION IN STOCHASTIC DYNAMIC OPTIMIZATION MODELS WHICH USE TIME-SERIES DATA [PDF]
Statistical procedures are developed for reducing the number of autonomous state variables in stochastic dynamic optimization models when these variables follow a stationary process over time. These methods essentially delete part of the information upon
Burt, Oscar R., Taylor, C. Robert
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Applied Welfare Economics with Discrete Choice Models [PDF]
Economists have been paying increasing attention to the study of situations in which consumers face a discrete rather than a continuous set of choices.
Harvey S. Rosen, Kenneth A. Small
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Benchmarking the production of audit services: An efficiency frontier approach [PDF]
To compete effectively in an increasingly competitive audit market audit firms need information on the efficiency of the audit services they offer. This study reports on the cost and labor efficiency for a sample of 114 audit engagements conducted by one
Maijoor,S, Schelleman,C
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A FEASIBLE AND OBJECTIVE CONCEPT OF OPTIMALITY: THE QUADRATIC LOSS FUNCTION AND U. S. MONETARY POLICY IN THE 1960's [PDF]
The introduction of linear-quadratic methods in monetary economics in the 1960s tinged the intense debate about the optimal monetary policy instrument.
Pedro Garcia Duarte
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INCORPORATING SAFETY-FIRST CONSTRAINTS IN LINEAR PROGRAMMING PRODUCTION MODELS [PDF]
A recent survey indicated that many procedures view risk in a safety-first context. Traditional methods used to impose safety-first constraints in optimization models have often been difficult to implement.
Atwood, Joseph A. +3 more
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The Independence Axiom and Asset Returns [PDF]
This paper integrates models of atemporal risk preference that relax the independence axiom into a recursive intertemporal asset-pricing framework. The resulting models are amenable to empirical analysis using market data and standard Euler equation ...
Larry G. Epstein, Stanley E. Zin
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Potential GDP growth in Venezuela : a structural time series approach [PDF]
Real GDP and oil prices are decomposed into common stochastic trend and cycle processes using structural time series models. Potential real GDP is represented by the level of the trend component of real GDP.
Cuevas, Mario A.
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Non-linear models: applications in economics [PDF]
The study concentrated on demonstrating how non-linear modelling can be useful to investigate the behavioural of dynamic economic systems. Using some adequate non-linear models could be a good way to find more refined solutions to actually unsolved ...
Albu, Lucian-Liviu
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