Mutual Fund industry plays a pivotal role in optimal allocation and channelization of available idle resources in the economy. This role becomes much stronger in the developing economies like Pakistan where the prospective investors do not have much investment knowledge, information, and facilities to invest in the capital markets neither they have risk aptitude for direct investments in risky ...

Received analyses based on stochastic frontier modeling with panel data have relied primarily on results from traditional linear fixed and random effects models. This paper examines extensions of these models that circumvent two important shortcomings of the existing fixed and random effects approaches. The conventional panel data stochastic frontier estimators both assume that technical or cos...

Immigrant Wage and Employment Assimilation: A Comparison of Methods We compare alternative methods for estimating immigrant wage and employment assimilation using unique panel data over 2001–2009 for a large, nationally-representative sample of immigrants. Previous assimilation estimates have been mainly based on crosssectional data and have therefore suffered from a range of potential biases. ...

The primary objective of the paper is to revisit the statistical foundations of panel data modeling with a view to render their probabilistic assumptions testable vis-a-vis the data. This involves (a) recasting the error assumptions in terms of the probabilistic structure of the observable processes underlying the data, (b) specifying panel data models in terms of a complete and internally cons...

In this paper, we analyse economic development and growth through traditional measures (gross domestic product and human development index) and Data Envelopment Analysis (DEA) in Colombian departments over the period 1993e2007. We use a DEA model to measure and rank economic development and growth from different approaches such as poverty, equality and security. The results show considerable va...

background fiscal decentralization (fd) in many cases is encouraged as a strong means of improving the efficiency and equity in the provision of public goods, such as healthcare services. this issue has urged the researchers to experimentally examine the relationship between fiscal decentralization indicators and health outcomes. in this study we examine the effect of fiscal decentralization in...

Does a provider’s technology support strategy influence its buyers’ postadoption IT service use? We study this question in the context of cloud infrastructure services. The provider offers two levels of support, basic and full. Under basic support, the provider handles simple service quality issues. Under full support, the provider also offers education, training, and personalized guidance. Usi...

This article tests whether points in tennis are independent and/or identically distributed (iid). We model the probability of winning a point on service and show that points are neither independent nor identically distributed: winning the previous point has a positive effect on winning the current point, and at ‘important’ points it is more difficult for the server to win the point than at less...

No. There has never been good evidence for a pattern of rising inequality in low-income countries and falling inequality in higher income countries. The only evidence that appears to support the Kuznets hypothesis is the cross-sectional pattern of inequality levels across countries, although the Kuznets hypothesis is an assertion about the path of inequality within countries. Numerous cross-sec...