Spatial Variations in Covariates on Marriage and Marital Fertility: Geographically Weighted Regression Analyses in Japan
|
|
- Camron Perkins
- 5 years ago
- Views:
Transcription
1 Spatal Varatons n Covarates on Marrage and Martal Fertlty: Geographcally Weghted Regresson Analyses n Japan Kenj Kamata (Natonal Insttute of Populaton and Socal Securty Research) Abstract (134) To understand the determnants of rasng fertlty rates after 2005 n Japan, ths study nvestgates the spatal varatons of the relatonshp between changes n marrage and martal fertlty, and the relatonshps wth covarates usng geographcally weghted regresson models. Our sample s 1,853 towns and vllages based on 2010 admnstratve boundares. The ndexes of marrage and martal fertlty are made by the standardzed method. The dependent varables are the standardzed martal populaton rato () and the martal fertlty rato (MFR). As for the explanatory factors, we focus on female labor force partcpaton, the sex rato, and chldcare avalablty. All coeffcents for covarates on have statstcally sgnfcant geographcal varatons. But for MFR some coeffcents ddn t have sgnfcant. The female labor force partcpaton and chldcare avalablty show a postve relatonshp wth MFR n the urban areas. Introducton Regonal patterns n Japanese fertlty are characterzed as "Low n the metropoltan areas, hgher n the non-metropoltan areas" trends came to be observed from 1950 to Snce the 1970s TFR showed a downward trend throughout the country, but regonal dfferences were mantaned. After 2005, TFR went from 1.26 n 2005 to 1.39 n Our goal s to analyze the determnants of rasng fertlty rates after 2005 n Japan and explore the spatal varatons n marrage and martal fertlty how covarates relate wth regons. Investgatng the cause of such varatons by regon may provde an mportant perspectve to explan marrage and martal fertlty. In general, socal behavor s not spatally homogeneous, whch ndcates that ndvduals are nfluenced by a spatal effect. Prevous research usng regresson analyss wthout takng spatal correlaton and non-statonarty across regons nto account may have led to an naccurate nference. Our study frst examnes the spatal autocorrelatons for varables relevant to marrage and martal fertlty, and then apples geographcally weghted regresson methods to assess heterogenety of the relatonshp between regonal marrage and martal fertlty and ther covarates. Data and Methods The sample s 1,853 towns and vllages based on 2010 admnstratve boundares. The dependent varables are the standardzed martal populaton rato () and the martal fertlty rato (MFR) (Fgure 1 and 2). The explanatory varables nclude female labor partcpaton, the sex rato for model, chldcare for MFR model and so on. Descrptve statstcs of varables are shown n Table 1.
2 M m P, SFR b B P, SFR MFR where : age, M: Martal Populaton, m : age-specfc martal rates n standard populaton, B: number of brths, b : age-specfc brth rate, P : age-specfc standard populaton To assess heterogenety of the relatonshp between regonal fertlty rates and ther covarates, we appled geographcally weghted regresson (GWR). GWR extends to the tradtonal regresson model by allowng the estmaton of local rather than global parameters (Brunsdon et al. 1996; Fotherngham et al. 2002). Basc model: y 0 ( ) 1( ) x1 2( ) x2 n ( ) x Parameter: ˆ T T ( ) ( X ( X W ( ) X ) 1 X W ( ) Y where W(): n by n spatal weghtng matrx n GWR model s assumng that observed data near to pont have more of an nfluence n the estmaton of the values located farther from. The equaton measures the relatonshps n the model around each pont. The weghts are defned as contnuous functons (kernel functons) of dstance that the closer a data pont s to the calbraton pont, the greater s ts weght n the estmaton of the parameters for that calbraton pont. We have selected an adapted b-square functon model. Results and Dscusson Table 2 shows the descrptve statstcs of the GWR results. From the results of Leung et al.' s F-test (Table 3), all coeffcents for covarates on have statstcally sgnfcant geographcal varatons. But for MFR some coeffcents ddn t have sgnfcant. The female labor force partcpaton and chldcare avalablty show a postve relatonshp wth MFR n the urban areas (Fgure 3). For model, the sex rato s a postve relatonshp n the urban areas where are low sex ratos. These results ndcate that marrage and martal fertlty responses to external forces may vary across regons nfluenced by ther hstorcal and geographcal settngs, and results of the global model may not be approprate to unformly apply for each regon. In addton, the result from our study suggests that there should be some unque crcumstances that ease, reverse or accelerate the usual relatonshps n the area where coeffcents show a dfference from the area surroundng them. Reference Brunsdon, C., Fotherngham, A.S., and Charlton, M., 1996, Geographcally Weghted Regresson: A Method for Explorng Spatal Nonstatonarty, Geographcal Analyss, No.28, pp Fotherngham, A. S., Brunsdon, C., and Charlton, M., 2002, Geographcally Weghted Regresson: The Analyss of Spatally Varyng Relatonshps, New York, John Wley & Sons. Leung, Y., Me, C.-L., and Zhang, W.-X., 2000, Statstcal Tests for Spatal Nonstatonarty based on the Geographcally Weghted Regresson Model, Envronment and Plannng A, 32, pp
3 Table 1 Varable Lst and Descrptve Statstcs Varables Year Source Drecton Mn 25% Mean Medan 75% Max Dependent Varable Standardzed Marrage Rato 2010 Census Martal Fertlty Rato 2010 Census Independent Varable Proporton of Nuclear Famly Household (%) 2010 Census Excess Inbound Mgrant Rate (%) 2010 Census, Prefecture Report Census Male Unemployment rate (%) 2010 Census Propoton of Foregn Populaton (%) 2010 Census Sex Rato aged Census per populaton of 100,000 aged 0 to 5 years old 2010 Socal Welfare Faclty Survey Table 2 The descrptve statstcs of the GWR results: summary Kernel functon: B-square Adaptve quantle Summary of GWR coeffcent estmates: MFR (about 75 of 1853) (about 158 of 1853) Independent Varable Model Mn. 25% Medan 75% Max. Global Intercept MFR Proporton of Nuclear Famly Household (%) MFR Excess Inbound Mgrant Rate (%) MFR MFR Male Unemployment rate (%) MFR Propoton of Foregn Populaton (%) MFR Sex Rato aged per populaton of 100,000 aged 0 to 5 years old MFR Effectve number of parameters: (), (MFR) Effectve degree of freedom: (), (MFR) AIC: (), (MFR), AICc: (), (MFR) Quas-global R 2 : (), (MFR), Resdual sum of squares: (), (MFR) Table 3 The results of Leung et al.' s F-test Leung et al. (2000) year F d.f.1 d.f.2 F(1) test F(2) test F(3) test SS GWR resduals SS GWR mprovement *** MFR *** *** MFR *** F () Numerator d.f. () Domnator d.f. () Numerator d.f. (MFR) Domnator d.f. (MFR) Intercept *** Proporton of Nuclear Famly Household (%) *** *** Excess Inbound Mgrant Rate (%) *** ** *** *** Male Unemployment rate (%) *** *** Propoton of Foregn Populaton (%) *** Sex Rato aged *** per populaton of 100,000 aged 0 to 5 years old Sgnfcance Level: 0 *** ** 0.01 * SS OLS resduals F (MFR) ***
4 Fgure 1 Dstrbuton of 2010 (Rght Fgure s Cartogram by Female Populaton aged 15-49) The Cartogram s created by Gastner-Newman method usng ArcGIS Fgure 2 Dstrbuton of MFR 2010 (Rght Fgure s Cartogram by Female Populaton aged 15-49) The Cartogram s created by Gastner-Newman method usng ArcGIS
5 Fgure 3 Dstrbutons of Local Coeffcents estmated by GWR
MgtOp 215 Chapter 13 Dr. Ahn
MgtOp 5 Chapter 3 Dr Ahn Consder two random varables X and Y wth,,, In order to study the relatonshp between the two random varables, we need a numercal measure that descrbes the relatonshp The covarance
More informationTests for Two Correlations
PASS Sample Sze Software Chapter 805 Tests for Two Correlatons Introducton The correlaton coeffcent (or correlaton), ρ, s a popular parameter for descrbng the strength of the assocaton between two varables.
More informationEvaluating Performance
5 Chapter Evaluatng Performance In Ths Chapter Dollar-Weghted Rate of Return Tme-Weghted Rate of Return Income Rate of Return Prncpal Rate of Return Daly Returns MPT Statstcs 5- Measurng Rates of Return
More informationChapter 3 Descriptive Statistics: Numerical Measures Part B
Sldes Prepared by JOHN S. LOUCKS St. Edward s Unversty Slde 1 Chapter 3 Descrptve Statstcs: Numercal Measures Part B Measures of Dstrbuton Shape, Relatve Locaton, and Detectng Outlers Eploratory Data Analyss
More informationThe Integration of the Israel Labour Force Survey with the National Insurance File
The Integraton of the Israel Labour Force Survey wth the Natonal Insurance Fle Natale SHLOMO Central Bureau of Statstcs Kanfey Nesharm St. 66, corner of Bach Street, Jerusalem Natales@cbs.gov.l Abstact:
More informationECONOMETRICS - FINAL EXAM, 3rd YEAR (GECO & GADE)
ECONOMETRICS - FINAL EXAM, 3rd YEAR (GECO & GADE) May 17, 2016 15:30 Frst famly name: Name: DNI/ID: Moble: Second famly Name: GECO/GADE: Instructor: E-mal: Queston 1 A B C Blank Queston 2 A B C Blank Queston
More informationStandardization. Stan Becker, PhD Bloomberg School of Public Health
Ths work s lcensed under a Creatve Commons Attrbuton-NonCommercal-ShareAlke Lcense. Your use of ths materal consttutes acceptance of that lcense and the condtons of use of materals on ths ste. Copyrght
More informationRisk and Return: The Security Markets Line
FIN 614 Rsk and Return 3: Markets Professor Robert B.H. Hauswald Kogod School of Busness, AU 1/25/2011 Rsk and Return: Markets Robert B.H. Hauswald 1 Rsk and Return: The Securty Markets Lne From securtes
More informationSPATIAL ANALISIS OF EFFECT OF GOVERNMENT EXPENDITURES ON ECONOMIC GROWTH
Karjoo Z., Samet M., Regonal Scence Inqury, Vol. VII, (1), 2015, pp. 47-54 47 SPATIAL ANALISIS OF EFFECT OF GOVERNMENT EXPENDITURES ON ECONOMIC GROWTH Zba KARJOO MA student of economcs, Department of Economcs,
More informationCalibration Methods: Regression & Correlation. Calibration Methods: Regression & Correlation
Calbraton Methods: Regresson & Correlaton Calbraton A seres of standards run (n replcate fashon) over a gven concentraton range. Standards Comprsed of analte(s) of nterest n a gven matr composton. Matr
More informationR Square Measure of Stock Synchronicity
Internatonal Revew of Busness Research Papers Vol. 7. No. 1. January 2011. Pp. 165 175 R Square Measure of Stock Synchroncty Sarod Khandaker* Stock market synchroncty s a new area of research for fnance
More informationThe Effects of Industrial Structure Change on Economic Growth in China Based on LMDI Decomposition Approach
216 Internatonal Conference on Mathematcal, Computatonal and Statstcal Scences and Engneerng (MCSSE 216) ISBN: 978-1-6595-96- he Effects of Industral Structure Change on Economc Growth n Chna Based on
More informationTeaching Note on Factor Model with a View --- A tutorial. This version: May 15, Prepared by Zhi Da *
Copyrght by Zh Da and Rav Jagannathan Teachng Note on For Model th a Ve --- A tutoral Ths verson: May 5, 2005 Prepared by Zh Da * Ths tutoral demonstrates ho to ncorporate economc ves n optmal asset allocaton
More informationAn Application of Alternative Weighting Matrix Collapsing Approaches for Improving Sample Estimates
Secton on Survey Research Methods An Applcaton of Alternatve Weghtng Matrx Collapsng Approaches for Improvng Sample Estmates Lnda Tompkns 1, Jay J. Km 2 1 Centers for Dsease Control and Preventon, atonal
More informationWhich of the following provides the most reasonable approximation to the least squares regression line? (a) y=50+10x (b) Y=50+x (d) Y=1+50x
Whch of the followng provdes the most reasonable approxmaton to the least squares regresson lne? (a) y=50+10x (b) Y=50+x (c) Y=10+50x (d) Y=1+50x (e) Y=10+x In smple lnear regresson the model that s begn
More informationA Comparison of Statistical Methods in Interrupted Time Series Analysis to Estimate an Intervention Effect
Transport and Road Safety (TARS) Research Joanna Wang A Comparson of Statstcal Methods n Interrupted Tme Seres Analyss to Estmate an Interventon Effect Research Fellow at Transport & Road Safety (TARS)
More informationMode is the value which occurs most frequency. The mode may not exist, and even if it does, it may not be unique.
1.7.4 Mode Mode s the value whch occurs most frequency. The mode may not exst, and even f t does, t may not be unque. For ungrouped data, we smply count the largest frequency of the gven value. If all
More informationNotes are not permitted in this examination. Do not turn over until you are told to do so by the Invigilator.
UNIVERSITY OF EAST ANGLIA School of Economcs Man Seres PG Examnaton 2016-17 BANKING ECONOMETRICS ECO-7014A Tme allowed: 2 HOURS Answer ALL FOUR questons. Queston 1 carres a weght of 30%; queston 2 carres
More information3/3/2014. CDS M Phil Econometrics. Vijayamohanan Pillai N. Truncated standard normal distribution for a = 0.5, 0, and 0.5. CDS Mphil Econometrics
Lmted Dependent Varable Models: Tobt an Plla N 1 CDS Mphl Econometrcs Introducton Lmted Dependent Varable Models: Truncaton and Censorng Maddala, G. 1983. Lmted Dependent and Qualtatve Varables n Econometrcs.
More informationRaising Food Prices and Welfare Change: A Simple Calibration. Xiaohua Yu
Rasng Food Prces and Welfare Change: A Smple Calbraton Xaohua Yu Professor of Agrcultural Economcs Courant Research Centre Poverty, Equty and Growth Unversty of Göttngen CRC-PEG, Wlhelm-weber-Str. 2 3773
More informationTHIS PAPER SHOULD NOT BE OPENED UNTIL PERMISSION HAS BEEN GIVEN BY THE INVIGILATOR.
UNVERSTY OF SWAZLAND FACULTY OF SOCAL SCENCES DEPARTMENT OF STATSTCS AND DEMOGRAPHY MAN EXAMNATON 2016 TTTLE OF PAPER: DEMOGRAPHC METHODS 1 COURSE NUMBER: DEM 201 TME ALLOWED: 2 Hours NSTRUCTONS: ANSWER
More informationCHAPTER 9 FUNCTIONAL FORMS OF REGRESSION MODELS
CHAPTER 9 FUNCTIONAL FORMS OF REGRESSION MODELS QUESTIONS 9.1. (a) In a log-log model the dependent and all explanatory varables are n the logarthmc form. (b) In the log-ln model the dependent varable
More informationCapability Analysis. Chapter 255. Introduction. Capability Analysis
Chapter 55 Introducton Ths procedure summarzes the performance of a process based on user-specfed specfcaton lmts. The observed performance as well as the performance relatve to the Normal dstrbuton are
More informationInternational ejournals
Avalable onlne at www.nternatonalejournals.com ISSN 0976 1411 Internatonal ejournals Internatonal ejournal of Mathematcs and Engneerng 7 (010) 86-95 MODELING AND PREDICTING URBAN MALE POPULATION OF BANGLADESH:
More informationElements of Economic Analysis II Lecture VI: Industry Supply
Elements of Economc Analyss II Lecture VI: Industry Supply Ka Hao Yang 10/12/2017 In the prevous lecture, we analyzed the frm s supply decson usng a set of smple graphcal analyses. In fact, the dscusson
More informationQuantitative Portfolio Theory & Performance Analysis
550.447 Quanttatve ortfolo Theory & erformance Analyss Wee of March 4 & 11 (snow), 013 ast Algorthms, the Effcent ronter & the Sngle-Index Model Where we are Chapters 1-3 of AL: erformance, Rs and MT Chapters
More information/ Computational Genomics. Normalization
0-80 /02-70 Computatonal Genomcs Normalzaton Gene Expresson Analyss Model Computatonal nformaton fuson Bologcal regulatory networks Pattern Recognton Data Analyss clusterng, classfcaton normalzaton, mss.
More informationHarmonised Labour Cost Index. Methodology
Harmonsed Labour Cost Index Methodology March 2013 Index 1 Introducton 3 2 Scope, coverage and reference perod 4 3 Defntons 5 4 Sources of nformaton 7 5 Formulae employed 9 6 Results obtaned 10 7 Seres
More informationClearing Notice SIX x-clear Ltd
Clearng Notce SIX x-clear Ltd 1.0 Overvew Changes to margn and default fund model arrangements SIX x-clear ( x-clear ) s closely montorng the CCP envronment n Europe as well as the needs of ts Members.
More informationElton, Gruber, Brown and Goetzmann. Modern Portfolio Theory and Investment Analysis, 7th Edition. Solutions to Text Problems: Chapter 4
Elton, Gruber, Brown and Goetzmann Modern ortfolo Theory and Investment Analyss, 7th Edton Solutons to Text roblems: Chapter 4 Chapter 4: roblem 1 A. Expected return s the sum of each outcome tmes ts assocated
More informationReal Exchange Rate Fluctuations, Wage Stickiness and Markup Adjustments
Real Exchange Rate Fluctuatons, Wage Stckness and Markup Adjustments Yothn Jnjarak and Kanda Nakno Nanyang Technologcal Unversty and Purdue Unversty January 2009 Abstract Motvated by emprcal evdence on
More informationHeterogeneity in Expectations, Risk Tolerance, and Household Stock Shares
Heterogenety n Expectatons, Rsk Tolerance, and Household Stock Shares John Amerks Vanguard Group Gábor Kézd Central European Unversty Mnjoon Lee Unversty of Mchgan Matthew D. Shapro Unversty of Mchgan
More informationPhysicsAndMathsTutor.com
PhscsAndMathsTutor.com phscsandmathstutor.com June 2005 6. A scentst found that the tme taken, M mnutes, to carr out an eperment can be modelled b a normal random varable wth mean 155 mnutes and standard
More informationSolutions to Odd-Numbered End-of-Chapter Exercises: Chapter 12
Introducton to Econometrcs (3 rd Updated Edton) by James H. Stock and Mark W. Watson Solutons to Odd-Numbered End-of-Chapter Exercses: Chapter 1 (Ths verson July 0, 014) Stock/Watson - Introducton to Econometrcs
More informationTests for Two Ordered Categorical Variables
Chapter 253 Tests for Two Ordered Categorcal Varables Introducton Ths module computes power and sample sze for tests of ordered categorcal data such as Lkert scale data. Assumng proportonal odds, such
More informationUNIVERSITY OF VICTORIA Midterm June 6, 2018 Solutions
UIVERSITY OF VICTORIA Mdterm June 6, 08 Solutons Econ 45 Summer A0 08 age AME: STUDET UMBER: V00 Course ame & o. Descrptve Statstcs and robablty Economcs 45 Secton(s) A0 CR: 3067 Instructor: Betty Johnson
More informationEconomies of Scale in the Banking Industry: The Effects of Loan Specialization
Economes of Scale n the Bankng Industry: The Effects of Loan Specalzaton Y-Ka Chen Department of Busness Admnstraton and Educaton School of Busness Empora State Unversty Empora, KS 66801 E-mal: chenyka@empora.edu
More informationRESEARCH NOTE: CONTRARY EVIDENCE ON THE ECONOMIC IMPACT OF THE SUPER BOWL ON THE VICTORIOUS CITY
RESEARCH NOTE: CONTRARY EVIDENCE ON THE ECONOMIC IMPACT OF THE SUPER BOWL ON THE VICTORIOUS CITY Draft: 3/15/2003 The results presented n ths paper should be seen as prelmnary n nature. Please do not cte
More informationData Mining Linear and Logistic Regression
07/02/207 Data Mnng Lnear and Logstc Regresson Mchael L of 26 Regresson In statstcal modellng, regresson analyss s a statstcal process for estmatng the relatonshps among varables. Regresson models are
More informationPivot Points for CQG - Overview
Pvot Ponts for CQG - Overvew By Bran Bell Introducton Pvot ponts are a well-known technque used by floor traders to calculate ntraday support and resstance levels. Ths technque has been around for decades,
More informationEXTENSIVE VS. INTENSIVE MARGIN: CHANGING PERSPECTIVE ON THE EMPLOYMENT RATE. and Eliana Viviano (Bank of Italy)
EXTENSIVE VS. INTENSIVE MARGIN: CHANGING PERSPECTIVE ON THE EMPLOYMENT RATE Andrea Brandoln and Elana Vvano (Bank of Italy) 2 European User Conference for EU-LFS and EU-SILC, Mannhem 31 March 1 Aprl, 2011
More informationEstimation of Wage Equations in Australia: Allowing for Censored Observations of Labour Supply *
Estmaton of Wage Equatons n Australa: Allowng for Censored Observatons of Labour Supply * Guyonne Kalb and Rosanna Scutella* Melbourne Insttute of Appled Economc and Socal Research The Unversty of Melbourne
More informationChapter 3 Student Lecture Notes 3-1
Chapter 3 Student Lecture otes 3-1 Busness Statstcs: A Decson-Makng Approach 6 th Edton Chapter 3 Descrbng Data Usng umercal Measures 005 Prentce-Hall, Inc. Chap 3-1 Chapter Goals After completng ths chapter,
More informationPrinciples of Finance
Prncples of Fnance Grzegorz Trojanowsk Lecture 6: Captal Asset Prcng Model Prncples of Fnance - Lecture 6 1 Lecture 6 materal Requred readng: Elton et al., Chapters 13, 14, and 15 Supplementary readng:
More informationAppendix - Normally Distributed Admissible Choices are Optimal
Appendx - Normally Dstrbuted Admssble Choces are Optmal James N. Bodurtha, Jr. McDonough School of Busness Georgetown Unversty and Q Shen Stafford Partners Aprl 994 latest revson September 00 Abstract
More informationFemale Labor Participation Behavior in Japan: Theory and Evidence. A general equilibrium model is constructed to explain an empirical evidence of the
Female Labor Partcpaton Behavor n Japan: Theory and Evdence Yoko Furukawa Tomohko Inu Abstract: A general equlbrum model s constructed to explan an emprcal evdence of the lnkage between female labor partcpaton
More informationσ may be counterbalanced by a larger
Questons CHAPTER 5: TWO-VARIABLE REGRESSION: INTERVAL ESTIMATION AND HYPOTHESIS TESTING 5.1 (a) True. The t test s based on varables wth a normal dstrbuton. Snce the estmators of β 1 and β are lnear combnatons
More informationDomestic Savings and International Capital Flows
Domestc Savngs and Internatonal Captal Flows Martn Feldsten and Charles Horoka The Economc Journal, June 1980 Presented by Mchael Mbate and Chrstoph Schnke Introducton The 2 Vews of Internatonal Captal
More informationSocial Cohesion and the Dynamics of Income in Four Countries
NOT FOR CITATION WITHOUT AUTHORS PERMISSION Socal Coheson and the Dynamcs of Income n Four Countres Mles Corak, Wen-Hao Chen, Abdellatf Demant, and Denns Batten Famly and Labour Studes Statstcs Canada
More informationAsset Management. Country Allocation and Mutual Fund Returns
Country Allocaton and Mutual Fund Returns By Dr. Lela Heckman, Senor Managng Drector and Dr. John Mulln, Managng Drector Bear Stearns Asset Management Bear Stearns Actve Country Equty Executve Summary
More informationTRADING RULES IN HOUSING MARKETS WHAT CAN WE LEARN? GREG COSTELLO Curtin University of Technology
ABSTRACT TRADING RULES IN HOUSING MARKETS WHAT CAN WE LEARN? GREG COSTELLO Curtn Unversty of Technology Ths paper examnes the applcaton of tradng rules n testng nformatonal effcency n housng markets. The
More informationUrban Effects on Participation and Wages: Are there Gender. Differences? 1
Urban Effects on Partcpaton and Wages: Are there Gender Dfferences? 1 Euan Phmster ** Department of Economcs and Arkleton Insttute for Rural Development Research, Unversty of Aberdeen. Centre for European
More informationSpurious Seasonal Patterns and Excess Smoothness in the BLS Local Area Unemployment Statistics
Spurous Seasonal Patterns and Excess Smoothness n the BLS Local Area Unemployment Statstcs Keth R. Phllps and Janguo Wang Federal Reserve Bank of Dallas Research Department Workng Paper 1305 September
More informationMeasures of Spread IQR and Deviation. For exam X, calculate the mean, median and mode. For exam Y, calculate the mean, median and mode.
Part 4 Measures of Spread IQR and Devaton In Part we learned how the three measures of center offer dfferent ways of provdng us wth a sngle representatve value for a data set. However, consder the followng
More informationAging, Interregional Income Inequality, and Industrial Structure:
RIETI Dscusson Paper Seres 15-E-022 Agng, Interregonal Income Inequalty, and Industral Structure: An emprcal analyss based on the R-JIP Database and the R-LTES Database FUKAO Kyoj RIETI MAKINO Tatsuj Htotsubash
More information- contrast so-called first-best outcome of Lindahl equilibrium with case of private provision through voluntary contributions of households
Prvate Provson - contrast so-called frst-best outcome of Lndahl equlbrum wth case of prvate provson through voluntary contrbutons of households - need to make an assumpton about how each household expects
More informationIMPACT OF STOCK CONTROL ON PROFIT MAXIMIZATION OF MANUFACTURING COMPANY. Keywords: Stock, Profit Maximization, Manufacturing Company, Nigeria.
IMPACT OF STOCK CONTROL ON PROFIT MAXIMIZATION OF MANUFACTURING COMPANY AJAYI Boboye L.1, and OBISESAN Oluwaseun G.2 Department of Bankng and Fnance, Faculty of Management Scences, Ekt State Unversty,
More informationTHE VOLATILITY OF EQUITY MUTUAL FUND RETURNS
North Amercan Journal of Fnance and Bankng Research Vol. 4. No. 4. 010. THE VOLATILITY OF EQUITY MUTUAL FUND RETURNS Central Connectcut State Unversty, USA. E-mal: BelloZ@mal.ccsu.edu ABSTRACT I nvestgated
More informationThe Optimal Interval Partition and Second-Factor Fuzzy Set B i on the Impacts of Fuzzy Time Series Forecasting
Ch-Chen Wang, Yueh-Ju Ln, Yu-Ren Zhang, Hsen-Lun Wong The Optmal Interval Partton and Second-Factor Fuzzy Set B on the Impacts of Fuzzy Tme Seres Forecastng CHI-CHEN WANG 1 1 Department of Fnancal Management,
More informationMODELLING TIME OF UNEMPLOYMENT VIA COX PROPORTIONAL MODEL
MODELLING IME OF UNEMPLOYMEN VIA COX PROPORIONAL MODEL Jan POPELKA - Department of Informatcs and Geonformatcs, Unversty of J.E.Purkyne, Horen 3, 4 96 Ust nad Labem, Czech Republc, an.popelka@uep.cz Abstract
More informationSemiparametric Analysis of Wealth-Age Profiles
Semparametrc Analyss of Wealth-Age Profles Joon W. Nahm Professor of Economcs, Sogang Unversty, S. Korea. jnahm@sogang.ac.kr. Robert F. Schoen Research Assocate Professor, Insttute for Socal Research Assocate
More informationIn the 1990s, Japanese economy has experienced a surge in the unemployment rate,
Productvty Growth and the female labor supply n Japan Yoko Furukawa * Tomohko Inu Abstract: In the 990s, Japanese economy has experenced a surge n the unemployment rate, and ths s due partly to the recent
More informationScribe: Chris Berlind Date: Feb 1, 2010
CS/CNS/EE 253: Advanced Topcs n Machne Learnng Topc: Dealng wth Partal Feedback #2 Lecturer: Danel Golovn Scrbe: Chrs Berlnd Date: Feb 1, 2010 8.1 Revew In the prevous lecture we began lookng at algorthms
More informationSYSTEMATIC LIQUIDITY, CHARACTERISTIC LIQUIDITY AND ASSET PRICING. Duong Nguyen* Tribhuvan N. Puri*
SYSTEMATIC LIQUIDITY, CHARACTERISTIC LIQUIDITY AND ASSET PRICING Duong Nguyen* Trbhuvan N. Pur* Address for correspondence: Trbhuvan N. Pur, Professor of Fnance Char, Department of Accountng and Fnance
More informationARAB WOMEN IN THE ISRAELI LABOR MARKET: CHARACTERISTICS AND POLICY PROPOSALS *
Israel Economc Revew Vol., No. 2 (23), 4 ARAB WOMEN IN THE ISRAELI LABOR MARKET: CHARACTERISTICS AND POLICY PROPOSALS * ERAN YASHIV AND NITSA KASIR (KALINER) 2 Abstract Ths paper examnes the characterstcs
More informationForeign Exchange Exposures, Financial and Operational Hedge Strategies of Taiwan Firms
Foregn Exchange Exposures, Fnancal and Operatonal Hedge Strateges of Tawan Frms AUTHORS ARTICLE INFO JOURNAL Y-Chen Chang, Hu-Ju Ln Y-Chen Chang and Hu-Ju Ln (7). Foregn Exchange Exposures, Fnancal and
More informationA Note on Robust Estimation of Repeat Sales Indexes with Serial Correlation in Asset Returns
A Note on Robust Estmaton of Repeat Sales Indexes wth Seral Correlaton n Asset Returns Kathryn Graddy Department of Economcs and Internatonal Busness School Brandes Unversty (kgraddy@brandes.edu) Jonathan
More informationLabor Market Transitions in Peru
Labor Market Transtons n Peru Javer Herrera* Davd Rosas Shady** *IRD and INEI, E-mal: jherrera@ne.gob.pe ** IADB, E-mal: davdro@adb.org The Issue U s one of the major ssues n Peru However: - The U rate
More informationChapter 11: Optimal Portfolio Choice and the Capital Asset Pricing Model
Chapter 11: Optmal Portolo Choce and the CAPM-1 Chapter 11: Optmal Portolo Choce and the Captal Asset Prcng Model Goal: determne the relatonshp between rsk and return key to ths process: examne how nvestors
More informationCorrelations and Copulas
Correlatons and Copulas Chapter 9 Rsk Management and Fnancal Insttutons, Chapter 6, Copyrght John C. Hull 2006 6. Coeffcent of Correlaton The coeffcent of correlaton between two varables V and V 2 s defned
More informationForecasting and Stress Testing Credit Card Default using Dynamic Models
Forecastng and Stress Testng Credt Card Default usng Dynamc Models Tony Bellott and Jonathan Crook Credt Research Centre Unversty of Ednburgh Busness School 26 November 2009 Verson 4.5 Abstract Typcally
More informationDoes Stock Return Predictability Imply Improved Asset Allocation and Performance? Evidence from the U.S. Stock Market ( )
Does Stock Return Predctablty Imply Improved Asset Allocaton and Performance? Evdence from the U.S. Stock Market (1954-00) Puneet Handa * Ashsh war ** Current Draft: November, 004 Key words: Predctablty,
More informationIntroduction. Chapter 7 - An Introduction to Portfolio Management
Introducton In the next three chapters, we wll examne dfferent aspects of captal market theory, ncludng: Brngng rsk and return nto the pcture of nvestment management Markowtz optmzaton Modelng rsk and
More informationModule Contact: Dr P Moffatt, ECO Copyright of the University of East Anglia Version 2
UNIVERSITY OF EAST ANGLIA School of Economcs Man Seres PG Examnaton 2012-13 FINANCIAL ECONOMETRICS ECO-M017 Tme allowed: 2 hours Answer ALL FOUR questons. Queston 1 carres a weght of 25%; Queston 2 carres
More informationEstimating an Earnings Function from Coarsened Data by an Interval Censored Regression Procedure
Estmatng an Earnngs Functon from Coarsened Data by an Interval Censored Regresson Procedure Reza C. Danels School of Economcs Unversty of Cape Town rdanels@commerce.uct.ac.za Sandrne Rospabé Faculté des
More informationHybrid Tail Risk and Expected Stock Returns: When Does the Tail Wag the Dog?
Hybrd Tal Rsk and Expected Stock Returns: When Does the Tal Wag the Dog? Turan G. Bal, a Nusret Cakc, b and Robert F. Whtelaw c* ABSTRACT Ths paper ntroduces a new, hybrd measure of covarance rsk n the
More informationNatural Resources Data Analysis Lecture Notes Brian R. Mitchell. IV. Week 4: A. Goodness of fit testing
Natural Resources Data Analyss Lecture Notes Bran R. Mtchell IV. Week 4: A. Goodness of ft testng 1. We test model goodness of ft to ensure that the assumptons of the model are met closely enough for the
More informationAnalysis of Unemployment During Transition to a Market Economy: The Case of Laid-off Workers in the Beijing Area
Far Eastern Studes Vol.7 May 2008 Center for Far Eastern Studes, Unversty of Toyama Analyss of Unemployment Durng Transton to a Market Economy: The Case of Lad-off Workers n the Bejng Area Jun MA 1 Hroko
More informationNotes on experimental uncertainties and their propagation
Ed Eyler 003 otes on epermental uncertantes and ther propagaton These notes are not ntended as a complete set of lecture notes, but nstead as an enumeraton of some of the key statstcal deas needed to obtan
More informationChapter 4 Calculation of the weight (W0)
Chapter 4 Calculaton of the weght (W0) 1 Scope of the Famly Income and Expendture Survey (FIES) tems adopted for the weghts In the FIES, lvng expendtures are categorzed as follows: Dsbursements Expendtures
More informationRisk and Returns of Commercial Real Estate: A Property Level Analysis
Rsk and Returns of Commercal Real Estate: A Property Level Analyss Lang Peng Leeds School of Busness Unversty of Colorado at Boulder 419 UCB, Boulder, CO 80309-0419 Emal: lang.peng@colorado.edu Phone:
More informationLoss Function Asymmetry and Forecast Optimality: Evidence from Individual Analysts' Forecasts
Sngapore Management Unversty Insttutonal Knowledge at Sngapore Management Unversty Research Collecton School Of Accountancy School of Accountancy 5-2006 Loss Functon Asymmetry and Forecast Optmalty: Evdence
More informationECON 4921: Lecture 12. Jon Fiva, 2009
ECON 4921: Lecture 12 Jon Fva, 2009 Roadmap 1. Introducton 2. Insttutons and Economc Performance 3. The Frm 4. Organzed Interest and Ownershp 5. Complementarty of Insttutons 6. Insttutons and Commtment
More informationRisk Reduction and Real Estate Portfolio Size
Rsk Reducton and Real Estate Portfolo Sze Stephen L. Lee and Peter J. Byrne Department of Land Management and Development, The Unversty of Readng, Whteknghts, Readng, RG6 6AW, UK. A Paper Presented at
More informationThe well-known analyses of Balassa (1964) and Samuelson (1964) provide an
IMF Staff Papers Vol. 52, Number 3 2005 Internatonal Monetary Fund Real Exchange Rates n Developng Countres: Are Balassa-Samuelson Effects Present? EHSAN U. CHOUDHRI AND MOHSIN S. KHAN* There s surprsngly
More information>1 indicates country i has a comparative advantage in production of j; the greater the index, the stronger the advantage. RCA 1 ij
69 APPENDIX 1 RCA Indces In the followng we present some maor RCA ndces reported n the lterature. For addtonal varants and other RCA ndces, Memedovc (1994) and Vollrath (1991) provde more thorough revews.
More informationJEL CLASSIFICATION: H4, H5, M13 KEY WORDS: Public Capital, Public Investment, Small Business, Entrepreneurship
Ths Draft: 1 October 003 Publshed: March 004, Atlantc Economc Journal 3:1 Publc Captal and Small Frm Performance Kevn Chrst* Rose-Hulman Insttute of Technology Rchard Green** Unversty of the Incarnate
More informationPRESS RELEASE. The evolution of the Consumer Price Index (CPI) of March 2017 (reference year 2009=100.0) is depicted as follows:
HELLENIC EPUBLIC HELLENIC STATISTICAL AUTHOITY Praeus, Aprl 27 PESS ELEASE CONSUME PICE INDEX: March 27, annual nflaton.7% The evoluton of the Consumer Prce Index (CPI) of March 27 (reference year 29=.)
More informationCompetitive Conditions in the Turkish Non-Life Insurance Industry
8. Türkye Ekonometr ve İstatstk Kongres 24-25 Mayıs 2007 İnönü Ünverstes Malatya Compettve Condtons n the Turksh Non-Lfe Insurance Industry Adnan Kasman 1 * Evrm Turgutlu 2 Abstract: Ths paper nvestgates
More informationDETERMINANTS OF HOUSEHOLDS EXPENDITURE IN BASIC EDUCATION IN COLOMBIA
DETERMINANTS OF HOUSEHOLDS EXPENDITURE IN BASIC EDUCATION IN COLOMBIA A Thess submtted to the Faculty of the Graduate School of Arts and Scences of Georgetown Unversty n partal fulfllment of the requrements
More informationPrivate Benefits: Ownership vs. Control
Prvate Benefts: Ownershp vs. Control Bll Hu 1 Unversty of Memphs Joon Ho Hwang *2 Korea Unversty Abstract We emprcally decompose prvate benefts nto two components: benefts accrung from ownershp and benefts
More informationAnalysis of the Relationship between Managers Compensation and Earnings in Companies Listed in the Tehran Stock Exchange
ORIGINAL ARTICLE Receved 05 Jul. 03 Accepted 05 Aug. 03 03, Scence-Lne Publcaton www.scence-lne.com ISSN: 3-4770 Journal of Educatonal and Management Studes J. Educ. Manage. Stud., 3(4455-464, 03 JEMS
More informationAn Empirical Study of Country Risk Adjustments to Market Multiples Valuation in Emerging Markets: the case for Russia
ЖУРНАЛ "КОРПОРАТИВНЫЕ ФИНАНСЫ" 3 2007 26 An Emprcal Study of Country Rsk Adjustments to Market Multples Valuaton n Emergng Markets: the case for Russa Ivashkovskaya I. 17, Kuznetsov I. 18 Valuaton n emergng
More informationEvaluation of the Factors Affecting Initial Public offering Underpricing by Newly-accepted Companies into Tehran Stock Exchange
Internatonal Research Journal of Appled and Basc Scences 4 Avalable onlne at www.rjabs.com ISSN 5-8X / Vol, 8 (7): 873-88 Scence Explorer Publcatons Evaluaton of the Factors Affectng Intal Publc offerng
More informationChapter 5 Student Lecture Notes 5-1
Chapter 5 Student Lecture Notes 5-1 Basc Busness Statstcs (9 th Edton) Chapter 5 Some Important Dscrete Probablty Dstrbutons 004 Prentce-Hall, Inc. Chap 5-1 Chapter Topcs The Probablty Dstrbuton of a Dscrete
More informationSTAT 3014/3914. Semester 2 Applied Statistics Solution to Tutorial 12
STAT 304/394 Semester Appled Statstcs 05 Soluton to Tutoral. Note that a sngle sample of n 5 customers s drawn from a populaton of N 300. We have n n + n 6 + 9 5, X X + X 4500 + 00 45700 and X X /N 4500/300
More informationSpeed and consequences of venture capitalist post-ipo exit
Speed and consequences of venture captalst post-ipo ext Imants Paegls * and Paranen Veeren ** Ths verson: January, 2010 * John Molson School of Busness, Concorda Unversty, 1450 Guy St. Montreal, QC, H1H
More informationWPS4077 THE COMPOSITION OF GROWTH MATTERS FOR POVERTY ALLEVIATION * Abstract
Publc Dsclosure Authorzed Publc Dsclosure Authorzed Publc Dsclosure Authorzed Publc Dsclosure Authorzed THE COMPOSITION OF GROWTH MATTERS FOR POVERTY ALLEVIATION * Norman Loayza The World Bank Abstract
More informationJob Displacement and Intragenerational Mobility. Nicholas A. Jolly Department of Economics Central Michigan University
Job Dsplacement and Intrageneratonal Moblty Ncholas A. Jolly Department of Economcs Central Mchgan Unversty E-mal: najolly@gmal.com September 2009 Abstract: The analyss presented here uses the 1968 through
More informationA Simulation Study to Compare Weighting Methods for Nonresponses in the National Survey of Recent College Graduates
A Smulaton Study to Compare Weghtng Methods for Nonresponses n the Natonal Survey of Recent College Graduates Amang Sukash, Donsg Jang, Sonya Vartvaran, Stephen Cohen 2, Fan Zhang 2 Mathematca Polcy Research.
More information