ERN: Hypothesis Testing (Topic)最新文献_第9页

Happiness Adaptation to Income Beyond "Basic Needs" “基本需求”以外收入的幸福适应

ERN: Hypothesis Testing (Topic) Pub Date : 2008-12-01 DOI: 10.3386/W14539

R. Di Tella, Robert J. MacCulloch

{"title":"Happiness Adaptation to Income Beyond \"Basic Needs\"","authors":"R. Di Tella, Robert J. MacCulloch","doi":"10.3386/W14539","DOIUrl":"https://doi.org/10.3386/W14539","url":null,"abstract":"We test for whether, once \"basic needs\" are satisfied, there is happiness adaptation to further gains in income using three data sets. Individual German Panel Data from 1985-2000, and data on the well-being of over 600,000 people in a panel of European countries from 1975-2002, shows different patterns of adaptation to income across the rich and poor. We find evidence that for wealthy Germans, and for the rich half of European nations, higher levels of per capita income don't buy greater happiness. The reason appears to be adaptation. However even for the rich half of European nations such habituation may take over 5 years so the happiness gains that they experience, whilst not permanent, can still be relatively long-lasting. Finally we study a cross section of nations in 2005 from the World Gallup Poll and find that the past 45 years of economic growth (from 1960-2005) in the rich half of nations has not brought happiness gains above those that were already in place once the 1960s standard of living had been achieved. However in the poorest half of nations we cannot reject the null hypothesis that the happiness gains they have experienced from the past 45 years of growth have been the same as the gains that they experienced from growth prior to the 1960s.","PeriodicalId":425229,"journal":{"name":"ERN: Hypothesis Testing (Topic)","volume":"227 ","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2008-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"113984949","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}

引用次数: 131

Market Reactions to the Passage of the Financial Holding Company Act in Taiwan 台湾金融控股公司法通过之市场反应

ERN: Hypothesis Testing (Topic) Pub Date : 2008-10-01 DOI: 10.1111/j.1468-0106.2008.00412.x

Jane-Sue Wang, Jing-Twen Chen, Pin-Huang Chou

引用次数: 6

Margining and the Stability of the Banking Sector 保证金与银行业的稳定

ERN: Hypothesis Testing (Topic) Pub Date : 2008-10-01 DOI: 10.2139/ssrn.1313116

Rajna Gibson, Carsten Murawski

引用次数: 0

Likelihood Based Testing for No Fractional Cointegration 无分数协整的似然检验

ERN: Hypothesis Testing (Topic) Pub Date : 2008-09-11 DOI: 10.2139/ssrn.1266675

K. Lasak

引用次数: 40

Bafflegab Pays Bafflegab支付

ERN: Hypothesis Testing (Topic) Pub Date : 2008-07-27 DOI: 10.2139/ssrn.1181505

J. Armstrong

引用次数: 1

Strategic Manipulation of Empirical Tests 实证检验的策略操纵

ERN: Hypothesis Testing (Topic) Pub Date : 2008-04-01 DOI: 10.2139/ssrn.1133118

W. Olszewski, Alvaro Sandroni

引用次数: 36

Nonparametric Estimation and Misspecification Testing of Diffusion Models 扩散模型的非参数估计和误规范检验

ERN: Hypothesis Testing (Topic) Pub Date : 2007-11-05 DOI: 10.2139/ssrn.1148674

Dennis Kristensen

引用次数: 15

Explosive Behavior in the 1990s' NASDAQ: When Did Exuberance Escalate Asset Values? 20世纪90年代纳斯达克的爆炸性行为:繁荣何时使资产价值上升?

ERN: Hypothesis Testing (Topic) Pub Date : 2007-11-01 DOI: 10.1111/j.1468-2354.2010.00625.x

P. Phillips, Yangru Wu, Jun Yu

{"title":"Explosive Behavior in the 1990s' NASDAQ: When Did Exuberance Escalate Asset Values?","authors":"P. Phillips, Yangru Wu, Jun Yu","doi":"10.1111/j.1468-2354.2010.00625.x","DOIUrl":"https://doi.org/10.1111/j.1468-2354.2010.00625.x","url":null,"abstract":"A recursive test procedure is suggested that provides a mechanism for testing explosive behavior, date-stamping the origination and collapse of economic exuberance, and providing valid confidence intervals for explosive growth rates. The method involves the recursive implementation of a right-side unit root test and a sup test, both of which are easy to use in practical applications, and some new limit theory for mildly explosive processes. The test procedure is shown to have discriminatory power in detecting periodically collapsing bubbles, thereby overcoming a weakness in earlier applications of unit root tests for economic bubbles. Some asymptotic properties of the Evans (1991) model of periodically collapsing bubbles are analyzed and the paper develops a new model in which bubble duration depends on the strength of the cognitive bias underlying herd behavior in the market. The paper also explores alternative propagating mechanisms for explosive behavior based on economic fundamentals under time varying discount rates. An empirical application to the Nasdaq stock price index in the 1990s provides confirmation of explosiveness and date-stamps the origination of financial exuberance to June 1995, prior to the famous remark in December 1996 by Alan Greenspan about irrational exuberance in financial markets, thereby giving the remark empirical content.","PeriodicalId":425229,"journal":{"name":"ERN: Hypothesis Testing (Topic)","volume":"36 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2007-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117970106","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}

引用次数: 934

Unions and Profitability: A Meta-Analysis 工会与盈利能力:一个元分析

ERN: Hypothesis Testing (Topic) Pub Date : 2007-10-10 DOI: 10.2139/ssrn.1014306

Hristos Doucouliagos, P. Laroche

引用次数: 23

An Adaptive Specification Test For Semiparametric Models 半参数模型的自适应规范检验

ERN: Hypothesis Testing (Topic) Pub Date : 2007-09-05 DOI: 10.2139/ssrn.1010933

J. Rodríguez-Póo, S. Sperlich, P. Vieu

{"title":"An Adaptive Specification Test For Semiparametric Models","authors":"J. Rodríguez-Póo, S. Sperlich, P. Vieu","doi":"10.2139/ssrn.1010933","DOIUrl":"https://doi.org/10.2139/ssrn.1010933","url":null,"abstract":"This paper introduces a new test of a semiparametric model of a conditional density function against a fully nonparametric alternative. This test is motivated by the fact that many important econometric models need to be estimated through maximum likelihood type procedures, e.g. semiparametric limited dependent variable models. This specification is also important for prediction purposes. Our test statistic combines the methodology of goodness of fit tests and nonparametric methods and the specific difficulty we focus here comes from the fact that we consider a semiparametric null hypothesis and the test statistic depends on a bandwidth parameter that needs to be estimated from the data. In order to handle the previous difficulties we introduce a data adaptive testing procedure that enables us to select the bandwidth parameter in such a way that it maximizes the power of the test. It is also shown that this procedure handles properly the bias problem generated by the introduction of a semiparametric model under the null. The distribution of the standarized test statistic is approximated under the null by both bootstrap and subsampling methods and its power is studied against local alternatives to the null hypothesis. We discuss practical issues for the application statistics and illustrate in an intensive monte carlo study both the feasibility and the performance of the procedure in finite samples of moderate size.","PeriodicalId":425229,"journal":{"name":"ERN: Hypothesis Testing (Topic)","volume":"11 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2007-09-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127515978","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}

引用次数: 13