Finding aid for George Willis Bailey Papers, 1937-2005

The finding aid for the George Willis Bailey Papers is attached to this record as a PDF file

George Willis Bailey Papers, 1937-2005

Finding aid for the George Willis Bailey Papers

Europe and Russia with George W. Bailey, Departing July 19, 1971

Brochure about the 1971 trip to Europe and Russia with George W. Bailey. The date of creation of this pamphlet is estimated

Why I am a Member of the Church of Christ

George Bailey\u27s tract, Why I am a Member of the Church of Christ published by Haun Publishing Company in Pasadena, Texas. Date of creation is estimated

Exponent of Cross-sectional Dependence: Estimation and Inference

An important issue in the analysis of cross-sectional dependence which has received renewed interest in the past few years is the need for a better understanding of the extent and nature of such cross dependencies. In this paper we focus on measures of cross-sectional dependence and how such measures are related to the behaviour of the aggregates defined as cross-sectional averages. We endeavour to determine the rate at which the cross-sectional weighted average of a set of variables appropriately demeaned, tends to zero. One parameterisation sets the exponent of the cross-sectional dimension, N, being between 1/2 and 1. We refer to this as the exponent of cross-sectional dependence. We derive an estimator of this exponent from the estimated variance of the cross-sectional average of the variables under consideration. We propose bias corrected estimators, derive their asymptotic properties and consider a number of extensions. We include a detailed Monte Carlo study supporting the theoretical results. Finally, we undertake an empirical investigation of the exponent of cross-sectional dependence using the S&P 500 data-set, and a large number of macroeconomic variables across and within countries.cross correlations, cross-sectional dependence, cross-sectional averages, weak and strong factor models, Capital Asset Pricing Model