Based on a more realistic assumption, we modify the Taylor regression. The modified Taylor regression gives an explanation of why the (standard) Taylor regression is spurious (in the econometric sense, i.e. no stable relationship among the variables of interest) and, at the same time, a solution as to how central bank monetary policy can still be described by the Taylor rule. An empirical examp...

This study uses the Autoregressive Distributed Lag (ARDL) model to study the dynamic determinant factors that influence both long and short-term international tourism demand in Cambodia from 12 countries. The annual time series data (1994–2013) are used in this study. The study finds that only the international tourism demand model of Australia, Canada, Thailand, the United Kingdom, and USA are...

One of the approaches to compare forecasting methods is to test whether the risk from a benchmark prediction is smaller than the others. The test can be embedded into a general problem of testing inequality constraints using a one-sided sup functional. Hansen (2005) showed that such tests su¤er from asymptotic bias. This paper generalizes this observation, and proposes a hybrid method to robust...

This article attempts to investigate the potential relationship and significance of various determinants Total Factor Productivity (TFP) in India for 1980–2016 time period. Specifically, this is achieved two stages. In first, standard growth accounting approach used measure changes TFP. Then, main model establishing TFP estimated using autoregressive distributed lag (ARDL) model. Our results su...

Empirical investigation was conducted to determine the relationship between workplace bullying and employee burnout specifically in nursing profession. Considering participation from females males workforce Pakistan, moderating role of gender embodied into study. Primary data, through non- probabilistic purposive sampling, collected nurses working hospitals Karachi Hyderabad. Response rate 62.5...

In this paper we investigate natural gas producer’s reactions to changes in market prices. We estimate price elasticities of aggregated supply in the most competitive market for natural gas: the United States. Using monthly time series data form 1987 to 2012 our analysis is based on an Autoregressive Distributed Lag (ARDL) Bound Cointegration approach to obtain short and long-run elasticities o...

the present study was conducted to investigate qualitative and quantitative aspects of irrigated wheat production in three major farming systems i.e. peasant, commercial and cooperative systems in kordestan province. accordingly, seven basic hypotheses were tested. the data were drawn from individual interviews with 360 farmers who planted wheat in 2004-2005. the sample was selected using multi...