HIGHWAY AND RAILWAY INFRASTRUCTURE, REAL INCOME AND STRUCTURAL BREAKS
نویسندگان
چکیده
منابع مشابه
Railway Infrastructure: Pricing and Investment
This paper analyses the requirements for rail infrastructure charging, laid down in directive 2001/14/EC. It calls for marginal cost pricing and allows for mark-ups. Four standard pricing principles are analyzed on their suitability for track charging. It is found that no charging system proves superior and that the EC legislation is in line with economic theory. Scrutinizing the tariff systems...
متن کاملStructural Breaks and Real Convergence in Opec Countries
This article examines the real convergence hypothesis in OPEC countries (Algeria, Angola, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates and Venezuela) using time series techniques and allowing for structural breaks. The main results show lack of support for income convergence in OPEC countries. We only find evidence of catch-up with the...
متن کاملLearning, Forecasting and Structural Breaks
The literature on structural breaks focuses on ex post identification of break points that may have occurred in the past. While this question is important, a more challenging problem facing econometricians is to provide forecasts when the data generating process is unstable. The purpose of this paper is to provide a general methodology for forecasting in the presence of model instability. We ma...
متن کاملUnit Roots and Structural Breaks
This special issue deals with problems related to unit roots and structural change, and the interplay between the two. The research agenda dealing with these topics have proven to be of importance for devising procedures that are reliable for inference and forecasting. Several important contributions have been made. Still, there is scope for improvements and analyses of the properties of existi...
متن کاملReal time detection of structural breaks in GARCH models
A sequential Monte Carlo method for estimating GARCH models subject to an unknown number of structural breaks is proposed. Particle filtering techniques allow for fast and efficient updates of posterior quantities and forecasts in real time. The method conveniently deals with the path dependence problem that arises in these types of models. The performance of the method is shown to work well us...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Modern Management Review
سال: 2013
ISSN: 2300-6366,2353-0758
DOI: 10.7862/rz.2013.mmr.26