Manajemen | Fakultas Ekonomi Universitas Maritim Raja Ali Haji jbes%2E2009%2E07145
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Reflecting the larger increase in relative import prices for the export-oriented industry, the negative impact of temporarily high import prices on investment and productivity
It is worth mentioning that the objective of the described estimation algorithm is not to detect the points of change for the copula parameter, but rather to determine the
In contrast, the results for the asymmetric peak model (specification IIb), given in panel VII, demonstrate obvious benefits to overfitting the propensity score, as well as
For a given benchmark portfolio (the default decision θ ˜ in the notation of Section 5 ) and a confidence level α , the resulting optimal port- folio is the one which increases
Because the latter assumption is not needed for identification of the shocks in the present mixed normal setup, the zero restriction in ( 2.3 ) which specifies that the second shock
In Panel (A) we show the filtered time series for both the model with the factor loadings parameter added to the state (DNS–TVL, dotted line) and the model with both the
The paper introduces a multivariate stochastic volatility model based on the Wishart autoregressive process that leads to closed-form solutions for the conditional Laplace
The set of available measures is expanded to include alternative indicators while the representation of measurement errors attaching to the latest of- ficial estimates allows for
