Linear Regression Analysis of Economic Time Series
In: The Economic Journal, Band 48, Heft 189, S. 104
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In: The Economic Journal, Band 48, Heft 189, S. 104
In: Pacific economic review, Band 18, Heft 4, S. 456-474
ISSN: 1468-0106
AbstractThis paper compares a nonparametric generalized least squares (NPGLS) estimator to parametric feasible GLS (FGLS) and variants of heteroscedasticity robust standard error estimators (HRSE) in an applied setting. NPGLS consistently estimates the unknown scedastic function and produces more efficient parameter estimates than HRSE. We apply these various approaches for handling heteroscedasticity to data on professor rankings obtained from RateMyProfessors.com. We find that the statistical significance of key variables differs across seven versions of HRSE, leading to different conclusions, and a standard parametric approach to FGLS suffers from misspecification. NPGLS combines the virtues of both of these parametric approaches.
In: Communications in statistics. Theory and methods, Band 26, Heft 4, S. 821-837
ISSN: 1532-415X
In: Economica, Band 5, Heft 17, S. 105
In: Economics of education review, Band 27, Heft 6, S. 688-696
ISSN: 0272-7757
In: Communications in statistics. Theory and methods, Band 21, Heft 3, S. 625-636
ISSN: 1532-415X
In: Communications in statistics. Theory and methods, Band 19, Heft 3, S. 921-934
ISSN: 1532-415X
In: The American journal of sociology, Band 68, Heft 6, S. 629-644
ISSN: 1537-5390
In: Public choice, Band 139, Heft 1-2, S. 105-119
ISSN: 1573-7101
This paper aims at explaining the differences in the results of empirical studies of motivations for local privatization by undertaking a meta-regression. Our results suggest that fiscal constraints and interest groups were especially relevant in the early studies of the US, which considered several services. Further, studies that focus on one service capture the influence of scale economies more accurately. Finally, our results show that small towns are more affected by fiscal and political factors, while ideology plays a major role for European and large cities. Thus, no clear conclusions emerge from this literature because the findings of each study are sensitive to its characteristics. Adapted from the source document.
In: Journal of Portfolio Management, 2017
SSRN
Privatization of local public services has been implemented worldwide in the last decades. Why local governments privatize has been the subject of much discussion, and many empirical works have been devoted to analyzing the factors that explain local privatization. Such works have found a great diversity of motivations, and the variation among reported empirical results is large. To investigate this diversity we undertake a meta-regression analysis of the factors explaining the decision to privatize local services. Overall, our results indicate that significant relationships are very dependent upon the characteristics of the studies. Indeed, fiscal stress and political considerations have been found to contribute to local privatization specially in the studies of US cases published in the eighties that consider a broad range of services. Studies that focus on one service capture more accurately the influence of scale economies on privatization. Finally, governments of small towns are more affected by fiscal stress, political considerations and economic efficiency, while ideology seems to play a major role for large cities.
BASE
In: IZA Discussion Paper No. 7333
SSRN
Working paper
In: Soft Computing for Business Intelligence; Studies in Computational Intelligence, S. 139-147
Edited and written by a team of leading international social scientists, this handbook provides a comprehensive introduction to multivariate methods. It focuses on regression analysis of cross-sectional and longitudinal data with an emphasis on causal analysis, thereby covering a large number of different techniques including selection models, complex samples, and regression discontinuities