London School of Economics & Political Science STICERD Research Papers Series最新文献

{"title":"Finite Sample Improvement in Statistical Inference with I(1) Processes","authors":"D. Marinucci","doi":"10.1002/JAE.613","DOIUrl":"https://doi.org/10.1002/JAE.613","url":null,"abstract":"Robinson and Marinucci (1998) investigated the asymptotic behaviour of a narrow-band semiparametric procedure termed Frequency Domain Least Squares (FDLS) in the broad context of fractional cointegration analysis. Here we restrict to the standard case when the data are I(1) and the cointegrating errors are I(0), proving that modifications of the Fully-Modified Ordinary Least Squares (FM-OLS) procedure of Phillips and Hansen (1990) which use the FDLS idea have the same asymptotically desirable properties as FM-OLS, and, on the basis of a Monte Carlo study, find evidence that they have superior finite-sample properties; the new procedures are also shown to compare satisfactorily with parametric estimates.","PeriodicalId":345385,"journal":{"name":"London School of Economics & Political Science STICERD Research Papers Series","volume":"43 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2001-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121326826","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The Revision of Japans Early Commercial Treaties.","authors":"N. Brailey, Sir Hugh Cortazzi, J. Hoare, Ayako Hotta-Lister","doi":"10.2307/j.ctv8pzc8z.20","DOIUrl":"https://doi.org/10.2307/j.ctv8pzc8z.20","url":null,"abstract":"A joint symposium between the Japan Society and the London School of Economics and Political Science was held in the Suntory and Toyota International Centres for Economics and Related Disciplines on 9 July 1999 to mark the centenary of Treaty Revision in Japan. In the Bakumatsu period of the 1850s and 1860s Japan had entered into a number of commercial treaties with foreign countries which (among other things) gave foreign nationals extraterritorial rights in Japanese treaty ports. These treaties were re-negotiated with the individual countries in the 1890s and the new treaties came into effect in July-August 1899. Hence the centenary. The four speakers covered the full period from the conclusion of the first treaties in the 1850s to the re-negotiation of the treaties in 1911. Sir Hugh Cortazzi dealt with the various initiatives which led to the first commercial treaties with Japan between 1853 and 1868. Dr James Hoare, in dealing with the working of the early treaties and the attitudes of the foreign communities in the treaty ports, pointed out that the treaties had been modified many times. Dr Nigel Brailey spoke on Sir Ernest Satow who as British minister to Japan from 1895 was the responsible official as the 'unequal treaties' were coming to an end. He had earlier been minister in Bangkok and knew how strongly the Thais wanted their 'unequal treaties' revised at that time. While the question of jurisdiction under the treaties had been largely settled, the question of Japan's tariff autonomy remained unresolved. Dr Ayako Hotta-Lister in the final paper gave an account of how the Japanese, in a mood of increased confidence after the Russo-Japanese war, ended the earlier treaties with a view to concluding the Anglo-Japanese Tariff Treaty of 1911. By this re-negotiation Japan secured tariff autonomy and improved the terms of the commercial treaty but allowed concessions to Britain who had been her ally for almost a decade. Japan's struggle for treaty and tariff","PeriodicalId":345385,"journal":{"name":"London School of Economics & Political Science STICERD Research Papers Series","volume":"56 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1999-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125802368","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Studentization in Edgworth Expansions for Estimates of Semiparametric Index Models - (Now Published in C Hsiao, K Morimune and J Powell (Eds): Nonlinear Statistical Modeling (Festschrift for Takeshi Amemiya), (Cambridge University Press, 2001), Pp.197-240.)","authors":"Yoshihiko Nishiyama, Peter M. Robinson","doi":"10.1017/CBO9781139175203.009","DOIUrl":"https://doi.org/10.1017/CBO9781139175203.009","url":null,"abstract":"We establish valid theoretical and empirical Edgeworth expansions for density-weighted averaged derivative estimates of semiparametric index models.","PeriodicalId":345385,"journal":{"name":"London School of Economics & Political Science STICERD Research Papers Series","volume":"91 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1999-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123714378","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Fathers Under Fire: The Revolution in Child Support Enforcement in the Usa (this Casepaper is a Summary of the Book by the Same Title and Authors, Published by the Russel Sage Foundation, 1998)","authors":"I. Garfinkel, S. McLanahan, D. Meyer, J. Seltzer","doi":"10.2307/3005589","DOIUrl":"https://doi.org/10.2307/3005589","url":null,"abstract":"In the shadow of rising divorce and non-marital birth rates, nearly two-thirds of all American children today will live apart from at least one of their parents, usually the father. Clearly this astonishing proportion of non-resident fathers has serious implications for the economic, employment, and educational status of mothers and the development and wellbeing of children. But according to the authors of Fathers Under Fire, a more comprehensive perspective on non-resident fathers - understanding their capacities and circumstances, acknowledging their responses to policy changes, and recognising their needs -- is essential in order to derive value from the past twenty years of policy change, and to design more effective policies for the future. Fathers Under Fire is intended as a first step toward public policy that reflects the interests of children, families, and society as a whole - by including the diverse perspectives and potential of non-resident fathers. The book traces the recent evolution of child support policy which is shifting the burden of supporting children in single parent families from the public and mothers to non-resident fathers. Fathers Under Fire argues that, as yet, the shift has neither improved the standard of living for mothers and children, nor helped the fathers to be able to meet their obligations. The authors explore the various 'side effects' of rigorous enforcement, especially for low-income fathers, finding that 1) a 'proportional standard' of support determination would improve compliance without economically crippling those fathers who are already hovering in or near poverty; 2) child support enforcement does seem to reduce the likelihood of both remarriage and subsequent out-of-wedlock births for low-income non-resident fathers; 3) payment of support does tend to coincide (for better and worse) with seeing the children more often, and having more influence in child-rearing decisions.","PeriodicalId":345385,"journal":{"name":"London School of Economics & Political Science STICERD Research Papers Series","volume":"214 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1998-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116994707","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Revisions of Investment Plans and the Stock Market Rate of Return","authors":"Mark A. Schankerman","doi":"10.3386/W3937","DOIUrl":"https://doi.org/10.3386/W3937","url":null,"abstract":"This paper explores the sources of uncertainty that cause firms to revise their capital investment plans and the stock market to revise its valuation of those firms. A simple method is developed to decompose the uncertainty governing revisions in investment plans and the stock market rate of return into micro, sectoral and aggregate components; and to measure the degree of heterogeneity in micro responses to common disturbances. The method is applied to a panel data set of firms in the U.S. economy for the period 1950-1973. The empirical results show that the capital investment decision is governed primarily by idiosyncratic uncertainty, but common disturbances are more important for movements in the stock market rate of return.","PeriodicalId":345385,"journal":{"name":"London School of Economics & Political Science STICERD Research Papers Series","volume":"45 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1991-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133786833","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}