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Eric Ghysels and Denise R. Osborn provide a thorough and timely review of the recent developments in the econometric analysis of seasonal economic time series, summarizing a decade of theoretical advances in the area. The authors discuss the asymptotic distribution theory for linear nonstationary seasonal stochastic processes. They also cover the latest contributions to the theory and practice of seasonal adjustment, together with its implications for estimation and hypothesis testing. Moreover, a comprehensive analysis of periodic models is provided, including stationary and nonstationary cases. The book concludes with a discussion of some nonlinear seasonal and periodic models. The treatment is designed for an audience of researchers and advanced graduate students

This paper utilizes panel data from rural India on a daily rated labour market to examine how workers deal with the uncertainty which arises from the existence of involuntary unemployment. In particular, it measures the relative explanatory power of the three models which the literature suggests should better fit the conditions prevailing in this market: the Expected Utility Model (EUM) with linear objective probabilities, the EUM with linear subjective probabilities and the EUM with non-linear subjective probabilities. The econometric analysis indicates that the EUM with linear has to be preferred to that with non-linear probabilities. Moreover, it supports the hypothesis that the decision making model is under uncertainty and that people work out their subjective probabilities through their past experiences. Finally, agents in the sample turn out to be risk-averse and not to have a positive reservation wage.

Scarce radio spectrum is assigned to mobile network operators (MNOs) by national regulatory authorities (NRAs). Spectrum is usually assigned by beauty contest or an auction. The process requires that winners make a payment to the government. MNOs seek scarce spectrum to enable the provision of wireless services for profit. While MNOs are imperfectly aware of their costs, NRAs rely solely on MNOs for this information. As such, NRAs set spectrum assignment conditions (including minimum bid price) largely ignorant of MNO operating conditions. This study examines the performance of 3G auction outcomes in terms of the prices paid by winners via an econometric analysis of a unique sample of national 3G spectrum auctions. These winning bids depend on national and mobile market conditions, spectrum package attributes, license process, and post-award operator requirements. Finally, model estimation accounts for the censored nature of these data.

Macroeconomic suprises and Turkish financial market / Aysegül Çekiç, Havva Gültekin -- Dynamics of the relation between producer and consumer price indexes : a comparative analysis in the U.S. Market / Özcan Ceylan -- An analysis of gender inequality in professional tennis : a study of the cozening sport / Hannah Mercer, Patrick Edwards -- Financial determinants affecting leasing policies : empirical evidence from the airline industry / Kasim Kiraci -- The convergence behind the curtain : an examination of crime rates in Pennsylvania counties / Olivia Habacivch, Ryan Redilla, James Jozefowicz -- Categorical dependent variables estimations with some empirical applications / Alhassan Karakara, Evans Osabuohien -- Socioeconomic influences on fertility rate fluctuations in developed and developing economies / Kayla Good, Anthony Maticic, Jr. -- Autoregressive distributed lag approach to external credit and economic growth in Nigeria / Oluwasogo Adediran, Philip Alege -- Does regional variation in startup concentration predict employment growth in rural areas of Ohio, Pennsylvania, and West Virginia? / Brian Sloboda, Yaya Sissoko -- Categorical dependent variables estimations: some empirical applications / Alhassan Abdul-Wakeel Karakara, Evans Stephen Osabuohien -- Cultural intelligence : a determinant of socialization of self-initiated expatriate employees in UAE / Anupama Rajasekharan Nair -- Green investment and productivity : case of BRICS / Inoussa Boubacar, Gibson Nene, Boniface Yemba.

Producción Científica ; The aim of this chapter is to explore the determinants of the quality of life of people aged 60 and over in 26 European countries from a double perspective: individual and spatial. We draw on the latest data available from the Survey on Health, Ageing and Retirement in Europe (SHARE) (7th wave). To achieve our purpose, a synthetic indicator of quality of life is first obtained, as an alternative to the CASP12 scale that provides said survey. Several econometric models are then estimated to analyse the most decisive factors in explaining the quality of life in older European adults. In 17 of the 26 countries, ceteris paribus, older citizens have a quality of life that is clearly worse than that of the nine countries that make up the Nordic and continental groups. The results of the econometric models bear out the deep-rooted differences between countries vis-à-vis the quality of life of our elderly people ; Departamento de Fundamentos de Análisis Económico ; Junta de Castilla y León (project VA112G19)

Interest for this research was initiated by the threefold increase witnessed in rural land values since the early 1950's. Society in general and farmers, mortgage lenders, tax assessors and public policy makers in particular are concerned with these price increases because of their economic, social and political implications. The major objective of this study was to identify the more important factors influencing farmland prices, develop a methodology to measure their individual effect on market value and, if possible, project future land prices for alternative values of these determining variables. Before hypotheses concerning sources of price variation were generated or functional relationships specified, familiarization with the nature and structural characteristics of the farmland market itself was accomplished by personal observation of the market in operation, discussions with participants (buyers and sellers) and a fairly exhaustive review of major studies on land values in both the United States and Canada. Two econometric models of the farmland market were subsequently formulated -- a cross sectional or static model- and a time series or dynamic model. Four basic hypotheses were tested -- the market value of farmland is positively related, to (a) soil productivity, (b) expected net farm income from land, (c) long term farm credit availability and (d) technological advance in the agricultural industry. Land value data for the empirical analysis were obtained from two independent sources -- (a) Manitoba Crop District 3 and 10 sales data (1958 - 1970) and (b) D.B.S. estimates of the average annual "value per acre of occupied land" for each of Manitoba, Saskatchewan and Alberta. (1928 - 1969) Both models were fitted. to the economic data by ordinary least-squares linear regression.