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Referierte Aufsätze Web of Science
We examined measurement invariance and age-related robustness of a short 15-item Big Five Inventory (BFI-S) of personality dimensions, which is well suited for applications in large-scale multidisciplinary surveys. The BFI-S was assessed in three different interviewing conditions: computer-assisted or paper-assisted face-to-face interviewing, computer-assisted telephone interviewing, and a self-administered ...
In:
Behavior Research Methods
43 (2011), 2, S. 548-567
| Frieder R. Lang, Dennis John, Oliver Lüdtke, Jürgen Schupp, Gert G. Wagner
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Referierte Aufsätze Web of Science
This paper compares the mixed-data sampling (MIDAS) and mixed-frequency VAR (MF-VAR) approaches to model specification in the presence of mixed-frequency data, e.g. monthly and quarterly series. MIDAS leads to parsimonious models which are based on exponential lag polynomials for the coefficients, whereas MF-VAR does not restrict the dynamics and can therefore suffer from the curse of dimensionality. ...
In:
International Journal of Forecasting
27 (2011), 2, S. 529-542
| Vladimir Kuzin, Massimiliano Marcellino, Christian Schumacher
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Referierte Aufsätze Web of Science
Traditional specification testing does not always improve subsequent inference. We demonstrate by means of computer experiments under which circumstances, and how severely, data-driven model selection can destroy the size properties of subsequent parameter tests, if they are used without adjusting for the model-selection step. The investigated models are representative of macroeconometric and microeconometric ...
In:
Empirical Economics
41 (2011), 2, S. 359-372
| Matei Demetrescu, Uwe Hassler, Vladimir Kuzin
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Referierte Aufsätze Web of Science
The effects of intergovernmental fiscal arrangements on variation in regional economic growth are analyzed for Russia, a country with large cross-regional differences and considerable fiscal redistribution. Moreover, fiscal reforms implemented in the first half of the 2000s, which to some extent followed scientific advice, make analysis of this case particularly interesting. We observe that postreform ...
In:
Eastern European Economics
49 (2011), 2, S. 5-29
| Lev Freinkman, Konstantin A. Kholodilin,Ulrich Thießen
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Referierte Aufsätze Web of Science
This paper estimates for 28 product groups a characteristic parameter that reflects the topological structure of its tradingnetwork. Using these estimates, it describes how the structure of international trade has evolved during the 1980-2000 period. Thereafter, it demonstrates the importance of networks in international trade by explicitlyaccounting for their scaling properties when testing the prediction ...
In:
International Review of Economics and Finance
20 (2011), 2, S. 135-145
| Thushyanthan Baskaran, Florian Blöchl, Tilman Brück, Fabian J. Theis
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Referierte Aufsätze Web of Science
The increased wind energy supplied to many electricity markets around the world has to be balanced by reliably ramping units or other complementary measures when wind conditions are low. At the same time wind energy impacts both, the utilization of thermal power plants and the market prices. While the market prices tend to decrease, the impact on the utilization of different plant types is at the outset ...
In:
Energy Economics
33 (2011), 2, S. 249-256
| Thure Traber, Claudia Kemfert
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Referierte Aufsätze Web of Science
This paper examines how delivery tariffs and private quality standards are determined in vertical relations that are subject to asymmetric information. We consider an infinitely repeated game where an upstream firm sells a product to a downstream firm. In each period, the firms negotiate a delivery contract comprising the quality of the good as well as a non-linear tariff. Assuming asymmetric information ...
In:
Journal of Economics
103 (2011), 2, S. 149-169
| Pio Baake, Vanessa von Schlippenbach
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Referierte Aufsätze Web of Science
We investigate convergence in European price level, unit labour cost, income and productivity data over the period of 1960-2006 using the non-linear time-varying coefficients factor model proposed by Philips and Sul (2007 Econometrica 75:1771-1855). This approach is extremely flexible in order to model a large number of transition paths to convergence. We find regional clusters in consumer price level ...
In:
Empirical Economics
41 (2011), 2, S. 343-369
| Ulrich Fritsche, Vladimir Kuzin
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Referierte Aufsätze Web of Science
Motivated by the Bayesian framework, we explore terrorism risk perception differences across European countries. Perception variation is explained by the long-term terrorism countries face, while the cyclical part of terrorism does not seem to play any role.
In:
Economics Letters
112 (2011), 2, S. 195-197
| Konstantinos Drakos, Cathérine Müller
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Referierte Aufsätze Web of Science
This paper examines the importance of different economic sentiments for the Central and Eastern European countries (CEECs) during the transition process. We first analyze the importance of economic confidence with respect to the CEECs' financial markets. Since the integration of formerly strongly-regulated markets into global markets can also lead to an increase in the dependence of the CEECs' economies ...
In:
Review of International Economics
19 (2011), 1, S. 137-157
| Joscha Beckmann, Ansgar Belke, Michael Kühl