12 research outputs found

    The decisions of Spanish youth : a cross-section study

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    The original publication is available at www.springerlink.comThis paper presents a simultaneous model for the joint decisions of working, studying and leaving the parental household by young people in Spain. Using cross-section data from the 1990–1991 Encuesta de Presupuestos Familiares, the model is estimated by a two stage estimation method. Endogeneity of the three decisions proves to be important in order to understand the dynamics of household formation. Our results also confirm a number of plausible intuitions about the effect of individual characteristics and economic variables on these decisions, and provide some new insights into the reasons for young people in Spain remaining in large numbers in the parental home. Most of the results are gender independent.Publicad

    Computational methods in econometrics

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    The computational properties of an econometric method are fundamental determinants of its importance and practical usefulness, in conjunction with the method’s statistical properties. Computational methods in econometrics are advanced through successfully combining ideas and methods in econometric theory, computer science, numerical analysis, and applied mathematics. The leading classes of computational methods particularly useful for econometrics are matrix computation, numerical optimization, sorting, numerical approximation and integration, and computer simulation. A computational approach that holds considerable promise for econometrics is parallel computation, either on a single computer with multiple processors, or on separate computers networked in an intranet or over the internet

    Estimating farmers’ productive and marketing inefficiency:an application to vegetable producers in Benin

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    This paper estimates the technical and marketing inefficiency of a sample of urban vegetable producers in Benin. Marketing inefficiency is defined as the failure of farmers to achieve better marketing output and is reflected in lower output price indices. The study proposes a Russell-type measure of inefficiency using a directional distance function that accounts simultaneously for the expansion of outputs and price indices and the contraction of variable inputs. A truncated bootstrap regression is used in the second stage to consistently analyze factors that underlie differences in inefficiency. The first-stage results suggest that vegetable producers are more inefficient with respect to marketing than production. The second-stage results indicate that technical inefficiency is affected by the production environment and private extension services. Marketing inefficiency is affected by the type of marketing arrangements
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