Nonsense regressions between integrated processes of different orders

Article Abstract:

Asymptotic distributions generated when linear regressions are performed in the levels of stochastically independent integrated time series are analyzed. Orders of integration of the dependent and independent variables are assumed to be different. Theoretical results are compared with the Monte Carlo results reported by Banerjee et al. (1993). Results show that problems encountered when performing the linear regressions are not restricted to spurious regressions produced by regressing independent series of the same order on each other but that the problems have to be confronted when the integrated processes of different orders are regressed.

Research, Analysis, Regression analysis, Asymptotic distribution (Probability theory)

---

Unionization and the pattern of nonunion wages: evidence for the UK

Article Abstract:

This papers compares U.S. findings on the influence of management giving higher supplements to nonunion members when there is a threat of unionization with analysis in the UK labour market.

United Kingdom, United States, Influence, Statistics, Employee benefits, Labor unions

---

Semiparametric Estimation of a Duration Model

Article Abstract:

This paper is an empirical analysis of survey data on unemployed men in the Spanish labour force using a new method of estimating semiparametrically a proportional hazard model.

Spain, Usage, Surveys, Numerical analysis, Working class, Experience, Parameter estimation

Similar abstracts:

• Abstracts: Separation in cointegrated systems and persistent-transitory decompositions. Bootstrap and asymptotic tests of long-run relationships in cointegrated systems
• Abstracts: A reduced rank regression approach to tests of asset pricing. Seemingly unrelated negative binomial regression
• Abstracts: Minimum distribution-sensitivity, poverty aversion, and poverty orderings. An ordinal shapley value for economic environments
• Abstracts: The influence of professional investors on the failure of management buyout attempts. The structure of debt and active equity investors: The case of the buyout specialist
• Abstracts: Who invented instrumental variable regression?. Forecasting inflation. Confidence intervals for autoregressive coefficients near one

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.