Browsing Biltoki by Issue Date
Now showing items 61-80 of 105
-
Semiparametric estimation in perturbed long memory series
(2005-05)The estimation of the memory parameter in perturbed long memory series has recently attracted attention motivated especially by the strong persistence of the volatility in many financial and economic time series and the ... -
Competition, regulation, and pricing behavior in the Spanish retail gasoline market
(2006)The restructuring of the Spanish oil industry produced a highly concentrated oligopoly in the retail gasoline market. In June 1990 the Spanish government introduced a system of ceiling price regulation in order to ensure ... -
Las Tecnologías de la Información y Comunicación en la Docencia Universitaria Presencial. Aplicación en Distintas Titulaciones y Áreas de Conocimiento
(2006)El objetivo fundamental del presente estudio es analizar el impacto de la aplicación de las Tecnologías de la Información y Comunicación (TICs) como elemento didáctico de autoaprendizaje y facilitador motivacional en la ... -
Nonparametric estimation betas in the Market Model
(2006)In this study an alternative nonparametric estimator to the Fama and MacBeth approach for the CAPM estimation is proposed. Betas and risk premiums are estimated simultaneously in order to increase the explanatory power of ... -
Consumption-Leisure Trade-offs and Persistency in Business Cycles
(2007)This paper studies whether nonseparabilities between consumption and leisure may help to explain the observed persistence in GNP growth. We consider an extended version of Lucas' (1988) human capital investment model that ... -
Electricity consumption and economic growth: evidence from Spain
(2007-01)The paper investigates both linear and nonlinear causality between electricity consumption and economic growth in Spain for the period 1971-2005. We use the methodology of Toda and Yamamoto (1995) and Dolado and Lütkepohl ... -
A time varying coefficient model for panel data: Foreign Direct Investment in European OECD countries
(2007-04)The present article reexamines some of the issues regarding the Knowledge-Capital Model that encompasses both horizontal and vertical Foreign Direct Investment described in detail in the literature. The empirical support ... -
Benchmarking of patents: An application of GAM methodology
(2007-04)The present article reexamines some of the issues regarding the benchmarking of patents using the NBER data base on U.S. patents by generalizing a parametric citation model and by estimating it using GAM methodology. The ... -
Reconstructing Chi-squared Intra-table Distances in the Analysis of a Set of Contingency Tables
(2007-07)To study similarities among the set of rows -and columns- of a contingency table, Correspondence Analysis uses chi-squared distances between row profiles -and column profiles- of that table. This article presents a factor ... -
Valuing environmental impacts of coastal development projects: a choice modelling application in Spain
(2008)Developmental monetary benefits of coast artificialisation projects are rarely confronted with the environmental benefits that its conservation may entail. As a consequence, policy-makers often face decision making processes ... -
Economic Growth and Electricity Consumption in 12 European Countries: A Causality Analysis Using Panel Data
(2008)We apply recent panel methodology to investigate the relationship between electricity consumption and real GDP for a set of 12 European Union countries using annual data for the period 1970-2004. Recently developed tests ... -
The influence of cultural identity on the WTP to protect natural resources: some empirical evidence
(2008)This paper shows that cultural identity may have considerable influence on the WTP to protect natural resources. The Basque Country, the region with the highest ethnic homogeneity in Europe, serves as an example to illustrate ... -
Selection of the number of frequencies using bootstrap techniques in log-periodogram regression
(2008-02)The choice of the bandwidth in the local log-periodogram regression is of crucial importance for estimation of the memory parameter of a long memory time series. Different choices may give rise to completely different ... -
Predicting Betas: Two new methods
(2009)Betas play a central role in modern finance. The estimation of betas from historical data and their extrapolation into the future is of considerable practical interest. We propose two new methods: the first is a direct ... -
Choice experiment study on the willingness to pay to improve
(2009-06)Modern forms of energy are an important vehicle towards poverty alleviation in rural areas of developing countries. Most developing countries’ households heavily rely on wood fuel which impact their health and social–economic ... -
Fractional Integration Analysis and its Implications on Profitability: the Case of the Mackerel Market in the Basque Country
(2010)This paper analyses weekly prices for mackerel landed by the inshore fleet at the ports of the Basque Country in 1995-2008, using new econometric techniques never before applied to the fishing market. The idea is to learn ... -
Using discrete choice experiments for environmental valuation
(2010)This paper provides with a review of the state of the art of environmental valuation with discrete choice experiments (DCE). The growing body of literature on this field serves to emphasise the increasing role that DCE are ... -
On downloading and using COIN-OR for solving linear/integer optimization problems
(2010)The aim of this technical report is to present some detailed explanations in order to help to use the open source software for optimization COIN-OR. In particular, we describe how to download, install and use the corresponding ... -
A note on the implementation of the BFC-MSMIP algorithm in C++ by using COIN-OR as an optimization engine
(2010)The aim of this technical report is to present some detailed explanations in order to help to understand and use the algorithm Branch and Fix Coordination for solving MultiStage Mixed Integer Problems (BFC- MSMIP). We have ... -
Conditional beta pricing models: A nonparametric approach
(2010)We propose a two-stage procedure to estimate conditional beta pricing models that allow for flexibility in the dynamics of assets' covariances with risk factors and market prices of risk (MPR). First, conditional covariances ...