Directory UMM :Data Elmu:jurnal:E:Economics of Education Review:Vol18.Issue1.Feb1999:
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Our simulations of a fractionally integrated stochastic volatility model, calibrated to the high-frequency returns, demonstrate that downward bias in the semiparametric estimates of
We identify two major sources of the asymmetric return cross-correlation among stock returns: (1) the difference in the sensitivity of stock returns to economic factors, and (2)
As each country shapes its offer, its critical task is to estimate the fixed cost to the firm of producing on its site, relative to the fixed cost to the firm of producing on the
Over 81% of the coefficients for expenditure per pupil and for other teacher characteristics (e.g., teacher test scores) are posi- tive, but less than half the coefficients for
To operate optimally, the university must pay nontra- ditional faculty a greater proportion of nontraditional tui- tion proceeds than it pays traditional faculty out of tra-
In this study we present estimates of the returns to schooling and of “ability” bias based on a new sample of twins that is larger than those used in previous studies that control
To provide a final test of his UIP theory, we then estimate the policy reaction function suggested by McCallum in order to compare the estimates of this relationship and the
analysis of sibling or twin estimates of the return to schooling to show that small ability differences among twins can lead to more upward omitted ability bias—and more upward
