|
|
|
Registros recuperados: 20 | |
|
|
Cai, Mattia; Nunes, Paulo A.L.D.; Ferrise, Roberto; Moriondo, Marco; Bindi, Marco. |
This paper investigates the empirical magnitude of climate conditions on tourist flows in Tuscany, exploring the use of a fine spatial scale analysis. In fact, we explore the use of an 8-year panel dataset of Tuscany’s 254 municipalities, examining how tourist inflows respond to variation in local weather conditions. In particular, as the area enjoys a fairly mild Mediterranean climate, our analysis focused on temperature extremes at key times of the tourist season, i.e., on maximum summer temperature and minimum winter temperature. Separate analyses are conducted for domestic and international tourists, so as to test the differences in the preferences among these distinct groups (or types of demand). Estimation results show the impact of climate change on... |
Tipo: Working or Discussion Paper |
Palavras-chave: Domestic Tourists; International Tourists; Municipalities; Maximum And Minimum Daily Temperature; Dynamic Model; Temperature Demand Elasticity; GMM; Environmental Economics and Policy; C23; D01; L83. |
Ano: 2011 |
URL: http://purl.umn.edu/115851 |
| |
|
|
Li, Lan; Carman, Hoy F.; Sexton, Richard J.. |
Using a unique micro dataset and advanced panel models, this study examines the effects of demand shocks on grocery retail price for avocados, a key Californian fresh produce commodity. Retail prices for avocados exhibited countercyclical movements over seasonal demand shocks for avocados associated with some holidays and events. Demand for avocados is shown to be higher during some holidays/events, e.g., Christmas/New Year, Super Bowl Sunday, and Cinco de Mayo. Super Bowl Sunday and Cinco de Mayo are identified as holidays/events associated with idiosyncratic demand peaks for avocados, but not associated with high aggregate consumer demand. Retail price and margin were significantly lower during some holidays/events associated with high demand for... |
Tipo: Conference Paper or Presentation |
Palavras-chave: Retail price; Retail price determination; Countercyclical price movement; Dynamic panel model; GMM; Demand and Price Analysis. |
Ano: 2008 |
URL: http://purl.umn.edu/6251 |
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
|
Kirchesch, Kai. |
The link between investment and finance usually enters the empirical literature in the form of financial constraints which are defined as the wedge between the costs of internal and external finance or as the risk of being rationed on the credit market. In this context, the sensitivity of investment with respect to single internal or external finance indicators is assumed to be appropriate to proxy for these constraints. However, enterprises that rely on external funds do not only face this external finance premium and potential borrowing limits, but also the risk of not being able to meet their repayment obligations and thus the risk of bankruptcy. If the risk of bankruptcy enters the profit maximization of the firm, the resulting empirical investment... |
Tipo: Working or Discussion Paper |
Palavras-chave: Investment; Bankruptcy; Financial Constaints; GMM; Financial Economics; E22; D92; G33; C23. |
Ano: 2004 |
URL: http://purl.umn.edu/26185 |
| |
|
|
Roodman, David. |
The difference and system generalized method-of-moments estimators, developed by Holtz-Eakin, Newey, and Rosen (1988, Econometrica 56: 1371–1395); Arellano and Bond (1991, Review of Economic Studies 58: 277–297); Arellano and Bover (1995, Journal of Econometrics 68: 29–51); and Blundell and Bond (1998, Journal of Econometrics 87: 115–143), are increasingly popular. Both are general estimators designed for situations with “small T, large N” panels, meaning few time periods and many individuals; independent variables that are not strictly exogenous, meaning they are correlated with past and possibly current realizations of the error; fixed effects; and heteroskedasticity and autocorrelation within individuals. This pedagogic article first introduces linear... |
Tipo: Article |
Palavras-chave: Xtabond2; Generalized method of moments; GMM; Arellano–Bond test; Abar; Research Methods/ Statistical Methods. |
Ano: 2009 |
URL: http://purl.umn.edu/122704 |
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
|
Arnberg, Soren; Hansen, Lars Garn. |
This study develops a dynamic multi-output model of farmers crop allocation decisions that allows estimation of both short-run and long-run adjustments to a wide array of economic incentives. The method can be used to inform decision makers on a number of issues including agricultural policy reform and environmental regulation. The model allows estimation of dynamic effects relating to price expectations adjustment, investment lags, and crop rotation constraints. Estimation is based on micro-panel data from Danish farmers that includes acreage, output, and variable input utilization at the crop level. Results indicate that there are substantial differences between the short- and long-run land allocation behavior of Danish farmers and that there are... |
Tipo: Conference Paper or Presentation |
Palavras-chave: Land allocation; Crop rotation; System of dynamic equations; Micro panel data; GMM; Land Economics/Use; C33; Q12; Q15. |
Ano: 2007 |
URL: http://purl.umn.edu/9978 |
| |
|
|
Bekkerman, Anton. |
This paper examines farmers land ownership decision to keep their farmland or sell the acreage to a non-agricultural enterprise. The boom in housing demand during the early 21st century caused a subsequent rise in land demand by housing construction companies. This, in turn, has significant effects on farmers choice to sell their farmland endowment and leave farming. Data from several public sources, including the USDA-NASS, U.S. Census, BLS, and BEA-REIS, is used to analyze the relationship of farm acreage with housing permit values. The Arellano-Bond dynamic panel estimator is used within a GMM framework to examine land ownership behavior of forward-looking farmers. Results indicate that a rise in demand for new housing significantly influences a... |
Tipo: Conference Paper or Presentation |
Palavras-chave: Farmland ownership; Housing values; Dynamic panel estimator; GMM; Forward-looking farmer; Land Economics/Use. |
Ano: 2007 |
URL: http://purl.umn.edu/9697 |
| |
|
| |
Registros recuperados: 20 | |
|
|
|