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ESTIMATION OF THE LINEAR AND QUADRATIC EXPENDITURE SYSTEMS FOR COLOMBIAN HOUSEHOLDS
This study is an empirical analysis of household expenditure behavior using the Linear and Quadratic Expenditure Systems. The expenditure systems are estimated using data collected in 1972 by the Departmento Administrativo ...
Heteroskedasticity and serial correlation in tests for rational expectations and/or simple market efficiency: A white-type approach
The simple market efficiency hypothesis implies that prediction errors, such as forward less spot exchange rates, will be orthogonal to elements of the information set. One can therefore test for market efficiency via ...
ISSUES CONCERNING SYSTEMS OF DEMAND EQUATION (INTEGER, ORDERED, STOCHASTIC, HETEROSCEDASTICITY)
This dissertation examines two separate issues concerning systems of demand equations. The first essay deals with the econometric implementation of demand systems and the second analyzes the demand for integer-ordered ...
Multivariate nonparametric estimation on censored panel data
Heckman and Singer (1984) argued that in typical longitudinal analyses, standard treatments of heterogeneity components result in incorrect parameterization of the duration model. As a consequence, estimation bias is not ...
The economics of undocumented immigration: Mexican participation in the U.S. labor market
This study addresses the impact of Mexican illegal immigration on the U.S. labor market. It constitutes a first step towards developing rigorous structural econometric models that empirically analyze undocumented labor ...