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Author: Shuo Chen
Publisher:
ISBN: 9781109845969
Category :
Languages : en
Pages : 115
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Book Description
The second essay shows that when estimating time-series regressions of unknown functional form, multicollinearity can make regressions very sensitive to small misspecifications of nonlinear relationships. This essay shows that a simple seminonparametric estimator can help to solve this problem. Specifically, adding a flexible time trend to the regression model will give significantly less biased OLS estimators, even if the model remains misspecified. This is because the trend is now fitted directly, so the other explanatory variables need to fit only fluctuations around the trend. A consistency result is proven, and Monte Carlo experiments are used to illustrate the approach.
Author: Shuo Chen
Publisher:
ISBN: 9781109845969
Category :
Languages : en
Pages : 115
Get Book Here
Book Description
The second essay shows that when estimating time-series regressions of unknown functional form, multicollinearity can make regressions very sensitive to small misspecifications of nonlinear relationships. This essay shows that a simple seminonparametric estimator can help to solve this problem. Specifically, adding a flexible time trend to the regression model will give significantly less biased OLS estimators, even if the model remains misspecified. This is because the trend is now fitted directly, so the other explanatory variables need to fit only fluctuations around the trend. A consistency result is proven, and Monte Carlo experiments are used to illustrate the approach.
Author: Antara Dutta
Publisher:
ISBN:
Category :
Languages : en
Pages : 118
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Book Description
(cont.) The order of entry continues to have a strong effect on the price and revenue received by a firm, with earlier entrants retaining larger long-term advantages. In particular, after accounting for the endogeneity of entry, results suggest that the pure order-of-entry effect on revenue allows the first entrant into a market to earn more than two times the revenue of the fifth entrant and over six times the revenue of the tenth entrant.
Author: Albert N. Link
Publisher: Springer Science & Business Media
ISBN: 0387250220
Category : Business & Economics
Languages : en
Pages : 300
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Book Description
Edwin Mansfield was a research pioneer into the economics of R and D and technological change. As appreciation and remembrance for his scholarly contributions, eminent scholars have contributed original papers for this edited volume. The authors have followed the "Mansfieldian” approach of emphasizing economic insight and intuition over mathematical rigor and as a result are very accessable. Essays in Honor of Edwin Mansfield has the potential to serve as a reader in all advanced undergraduate and graduate classes/seminars in the economics of R and D and technological change. This edited volume will be the definitive work in the field.
Author: Kyoungbo Sim
Publisher:
ISBN: 9780355103915
Category : Electronic dissertations
Languages : en
Pages : 123
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Book Description
Author: Franklin M. Fisher
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 520
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Book Description
Author: Yi Qian
Publisher:
ISBN:
Category : Intellectual property
Languages : en
Pages : 131
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Book Description
Author: Hiroyuki Odagiri
Publisher: Oxford University Press
ISBN: 0199574758
Category : Business & Economics
Languages : en
Pages : 464
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Book Description
For most countries, economic development involves 'catching up' with leading countries. This needs more than physical assets and labour: it requires technological capabilities, educational attainment, entrepreneurship, and development of the necessary institutional infrastructure, including intellectual property rights, particularly patents.
Author: World Intellectual Property Organization
Publisher: WIPO
ISBN: 9280517910
Category : Law
Languages : en
Pages : 230
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Book Description
The series of papers in this publication were commissioned from renowned international economists from all regions. They review the existing empirical literature on six selected themes relating to the economics of intellectual property, identify the key research questions, point out research gaps and explore possible avenues for future research.
Author: Lawrence Robert Klein
Publisher:
ISBN:
Category : Industries
Languages : en
Pages : 0
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Book Description
Author: Lawrence Robert Klein
Publisher:
ISBN:
Category : Industries
Languages : en
Pages :
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Book Description
