CapMod: A Simulated Society to Evaluate Empirical Estimators of Capabilities

2019 ◽  
Author(s):  
Florian Wendelspiess Chávez Juárez ◽  
Jaya Krishnakumar
Keyword(s):  
Empirical Estimators

Benchmarking Study of Prospective Preferability of Various Investment Patterns

2020 ◽  
Vol 2020 (2) ◽  
pp. 62-77
Author(s):  
David Gertsekovich ◽  
Josephine Caetano ◽  
Oksana Zmanovskaya
Keyword(s):  
Stock Market ◽  
Risk Aversion ◽  
Risk Ratio ◽  
Risk Model ◽  
Precious Metals ◽  
Investment Performance ◽  
Medium Risk ◽  
Empirical Estimators ◽  
Risk Variability ◽  
Investment Patterns

The article offers the evaluation of investment performance in stock markets, money markets, product markets and others. The comparison is based on the «Return-Risk» Model grounded on the fundamental principles of H. Markowitz’s portfolio analysis. The quantitative comparison is conducted on return-risk ratio as well as return-risk variability intervals. In the formed group of leaders, the return-risk ratio was minimal (0,12) for the money market, and maximal (0,43) for the US stock market. The patterns in focus were grouped as follows: 1. High risk aversion: US branch analysis, currency index models, currency index models (sell) and intercontinental branch analysis.2. Medium risk aversion: US stock market, world stick indexes, precious metals market and exchange goods as a whole.3. Low risk aversion: Russia’s stock market. The practical evaluation of «Return-Risk» Models received for various investment patterns proved their practical validity. The empirical estimators of investment horizons computed for various groups of investment tools are of practical use.

scholarly journals ESTIMATING THE PROBABILITY OF MISCLASSIFICATIONS IN TWO-GROUPS DISCRIMINANT ANALYSIS

2004 ◽  
Vol 3 (1) ◽  
pp. 1
Author(s):  
I W. MANGKU
Keyword(s):  
Discriminant Analysis ◽  
Discriminant Function ◽  
Comparative Studies ◽  
Linear Discriminant Function ◽  
Classification Rule ◽  
Survey Study ◽  
Linear Discriminant ◽  
Empirical Estimators

This paper is a survey study on estimation of the pro- bability of misclassifications in two-groups discriminant analysis using the linear discriminant function as the classification rule. Here we consider two groups of estimators, namely parametric esti- mators and empirical estimators. The results of some comparative studies on the performances of the considered estimators are also discussed.

scholarly journals Local time and convergence of empirical estimators

2012 ◽  
Vol 57 (2) ◽  
pp. 337-352
Author(s):  
Dominique Dehay ◽  
Dominique Dehay
Keyword(s):  
Local Time ◽  
Empirical Estimators

Foreign Aid and Poverty level in West African Countries: New evidence using a heterogeneous panel analysis

2013 ◽  
Vol 03 (04) ◽  
pp. 09-18
Author(s):  
Olofin Olabode Philip
Keyword(s):  
Foreign Aid ◽  
Negative Relationship ◽  
Unit Root Test ◽  
West African ◽  
Poverty Level ◽  
African Countries ◽  
Financial Depth ◽  
Empirical Estimators ◽  
First And Second Generation ◽  
Heterogeneous Panel

This paper re-examines the effects of different types of foreign aid on poverty level in 8 West African countries between 1975 and 2010 by employing both the first and second generation econometrics methods of panel unit root test, cointegration test and empirical estimators with heterogeneous slopes. Our results suggest that total foreign aid and food aid impact positively on poverty, while technical aid reduces poverty. Apart from total foreign aid, none of the results was statistically significant. The results show negative relationship among poverty, life expectancy, foreign direct investment, per capita GDP and financial depth, but they were not statistically significant. This suggests that their impacts on poverty in West Africa were minimal.

Empirical Estimators and Periodograms

1986 ◽  
pp. 101-117
Author(s):  
Robert Azencott ◽  
Didier Dacunha-Castelle
Keyword(s):  
Empirical Estimators

scholarly journals Bivariate box plots based on quantile regression curves

2020 ◽  
Vol 8 (1) ◽  
pp. 132-156
Author(s):  
Jorge Navarro
Keyword(s):  
Quantile Regression ◽  
Exponential Model ◽  
Normal Model ◽  
Conditional Quantile ◽  
Clayton Copula ◽  
Regression Curves ◽  
Box Plots ◽  
Coverage Probabilities ◽  
Empirical Estimators ◽  
Box Plot

AbstractIn this paper, we propose a procedure to build bivariate box plots (BBP). We first obtain the theoretical BBP for a random vector (X, Y). They are based on the univariate box plot of X and the conditional quantile curves of Y|X. They can be computed from the copula of (X, Y) and the marginal distributions. The main advantage of these BBP is that the coverage probabilities of the regions are distribution-free. So they can be selected by the users with the desired probabilities and they can be used to perform fit tests. Three reasonable options are proposed. They are illustrated with two examples from a normal model and an exponential model with a Clayton copula. Moreover, several methods to estimate the theoretical BBP are discussed. The main ones are based on linear and non-linear quantile regression. The others are based on empirical estimators and parametric and non-parametric (kernel) copula estimations. All of them can be used to get empirical BBP. Some extensions for the multivariate case are proposed as well.

Non-parametric estimation and evaluation of capability sets

2020 ◽  
Author(s):  
By Pim Verbunt ◽  
Nicky Rogge ◽  
Tom Van Puyenbroeck
Keyword(s):  
Household Income ◽  
Capability Approach ◽  
Housing Quality ◽  
Parametric Estimation ◽  
Empirical Estimators ◽  
Evaluation Metric ◽  
Group Sharing ◽  
Non Parametric Estimation ◽  
Multilateral Comparison ◽  
Non Parametric

Abstract A major difficulty for the application of Amartya Sen’s capability approach is that individual capability sets cannot readily be observed. This article proposes a non-parametric framework to construct such sets, on the basis of observed functionings of individuals that are taken to belong to a group sharing the same capability set. Within this framework, the earlier theoretical proposals of Muellbauer to compare different capability sets can be easily implemented. Associated robust empirical estimators are provided and applied to EU-SILC data on household income, material living conditions, housing quality and health; we illustrate our approach with a multilateral comparison of 32 European countries, with a comparison of both a ‘fixed ray’ and a ‘multiple rays’ evaluation metric to compare French and German capability sets, and with a multilateral comparison of socioeconomic sub-groups in France.

Inter-linkages between remittance and savings in Ghana

2019 ◽  
Vol 46 (1) ◽  
pp. 152-166 ◽  
Author(s):  
Peter Quartey ◽  
Charles Ackah ◽  
Monica Puoma Lambon-Quayefio
Keyword(s):  
Empirical Relationship ◽  
Probit Model ◽  
Living Standard ◽  
Substantial Part ◽  
African Countries ◽  
Content Type ◽  
International Remittances ◽  
Empirical Estimators ◽  
Sub Saharan ◽  
The Relationship

PurposeThe increase in volumes and circulation of internal and international remittances have become a substantial part of resource flow for economic development especially in developing countries with a significant impact on household welfare. The purpose of this paper is to examine the relationship between remittances and savings mobilization.Design/methodology/approachUsing the most recent wave of the Ghana Living Standard Survey data, the study accounts for the endogeneity in remittance receipts by employing treatment effect estimators, in addition to a probit model to establish the relationship between remittances and likelihood of savings.FindingsThe results suggest that receiving remittances significantly affects household’s propensity to save. Households that receive international remittances seem to have a slightly higher probability of savings compared to households that receive only domestic remittances.Originality/valueFrom the literature, whereas the theoretical relationship between savings and remittances is mixed, it is also evident that the empirical relationship between remittances and savings has not been clearly established, especially in sub-Saharan African countries in general and Ghana in particular. The present study adds to the paucity in the literature in two main ways. First, the study provides empirical evidence on the relationship between remittances and savings by not only focusing on international remittances but also on internal remittances. Second, in sharp departure from other studies, the current study employs more robust empirical estimators in estimating the relationship between remittances and savings.

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