Exam 1998b

Exam and solutions in LaTex

Exercises D pdf

Exercises and solutions in PDF

Exam 1998a

Exam and solutions in LaTex

Exercises D

Exercises and solutions in LaTex

Exercise sheet 6

Exercises and solutions in LaTex

Exercise sheet 6 pdf

Exercises and solutions in PDF

Assignment on Matlab

Considers systems of linear equations, steepest ascent optimisation and Monte Carlo simulation.

Lógica en la toma de decisiones de inversión en el sector de extracción de petróleo y gas natural

Este documento se centra en la presentación de información y análisis de la misma a la hora de establecer la manera en que empresas del sector de extracción de gas natural y generación de energía a base de dicho recurso, toman decisiones en cuanto a inversión, centrándose en la lógica que usan a la hora de emprender este proceso. Esto debido a la constante necesidad de establecer procesos que permitan tomar decisiones más acertadas, incluyendo todas las herramientas posibles para tal fin. La lógica es una de estas herramientas, pues permite encadenar factores con el fin de obtener resultados positivos. Por tal razón, se hace importante conocer el uso de esta herramienta, teniendo en cuentas de qué manera y en que contextos es usada. Con el fin de tener una mayor orientación, este estudio estará centrado en un sector específico, el cual es el de la extracción de petróleo y gas natural. Lo anterior entendiendo la necesidad existente de fundamentación teórica que permita establecer de manera clara la forma apropiada de tomar decisiones en un sector tan diverso y complejo como lo es el mencionado. El contexto empresarial actual exige una visión global, no basada en la lógica lineal causal que hoy se tiene como referencia. El sector de extracción de petróleo y gas natural es un ejemplo particular en cuanto a la manera en cuanto se toman decisiones en inversión, puesto que en su mayoría son empresas de capital intensivo, las cuales mantienen un flujo elevado de recursos monetarios.

Modelling risk perception and trust in food safety information within the theory of planned behaviour

This study suggests a statistical strategy for explaining how food purchasing intentions are influenced by different levels of risk perception and trust in food safety information. The modelling process is based on Ajzen's Theory of Planned Behaviour and includes trust and risk perception as additional explanatory factors. Interaction and endogeneity across these determinants is explored through a system of simultaneous equations, while the SPARTA equation is estimated through an ordered probit model. Furthermore, parameters are allowed to vary as a function of socio-demographic variables. The application explores chicken purchasing intentions both in a standard situation and conditional to an hypothetical salmonella scare. Data were collected through a nationally representative UK wide survey of 533 UK respondents in face-to-face, in-home interviews. Empirical findings show that interactions exist among the determinants of planned behaviour and socio-demographic variables improve the model's performance. Attitudes emerge as the key determinant of intention to purchase chicken, while trust in food safety information provided by media reduces the likelihood to purchase. (C) 2006 Elsevier Ltd. All rights reserved.

Structure, conduct and the stochastic volatility of food markets: theory and empirics

The relationship between price volatility and competition is examined. Atheoretic, vector auto regressions on farm prices of wheat and retail prices of derivatives (flour, bread, pasta, bulgur and cookies) are compared to results from a dynamic, simultaneous-equations model with theory-based farm-to-retail linkages. Analytical results yield insights about numbers of firms and their impacts on demand- and supply-side multipliers, but the applications to Turkish time series (1988:1-1996:12) yield mixed results.

A conditional likelihood ratio test for structural models

This paper develops a general method for constructing similar tests based on the conditional distribution of nonpivotal statistics in a simultaneous equations model with normal errors and known reducedform covariance matrix. The test based on the likelihood ratio statistic is particularly simple and has good power properties. When identification is strong, the power curve of this conditional likelihood ratio test is essentially equal to the power envelope for similar tests. Monte Carlo simulations also suggest that this test dominates the Anderson- Rubin test and the score test. Dropping the restrictive assumption of disturbances normally distributed with known covariance matrix, approximate conditional tests are found that behave well in small samples even when identification is weak.

Peru: integration, sectoral specialization and synchronization with international gross domestic product cycles

Includes bibliography

A dinâmica das inovações nas empresas do pólo industrial de Manaus: um novo momento relacionado aos constrangimentos ambientais a partir do ano 2000

Esta Tese tem como objetivo principal corroborar a teoria Neo-Schumpeteriana , que envolve as mudanças técnicas nos processos produtivos das empresas estabelecidas no Pólo Industrial de Manaus – PIM, no que tange a influencia da introdução das inovações e, em particular, das inovações ambientais sobre a medida de concentração de cada pólo industrial (indústria) que compõem o PIM. Os dados da pesquisa compreenderam dois níveis: dados secundários, levantados junto Superintendência da Zona Franca de Manaus – SUFRAMA – e que se referem à indicadores econômicos de desempenho das empresas, situadas no âmbito do PIM; e dados primários, coletados a partir da aplicação de um questionário às empresas do PIM cadastradas nessa Instituição. Na junção desses dois conjuntos de dados foi elaborada uma análise descritiva referente às variáveis qualitativas abordadas no questionário, além, da aplicação de modelo econométrico – Modelo de Equações Simultâneas – com os dados do questionário e dos indicadores econômicos selecionados. Os resultados obtidos corroboram a hipótese principal levantada no estudo de que as inovações e, em especial aquelas de caráter ambiental, têm efeito significativo e positivo no índice de concentração calculado. Ademais, foi constatado que as empresas consideradas, pela literatura, como poluidoras, são as que mais inovam do ponto de vista ambiental.

The Role of Monetary Policy in Pursuing Economic Activity in Selected Transition Countries

The process of transition has brought an urgent need to develop many new market-oriented institutions or in some cases to reconstruct existing ones. One of the most important institutions of western-type economies is a central bank. It fulfils several "public good" functions, the most important of which are the achievement of stable price levels and assuring the financial stability of the economy. Nevertheless, even in economies with a long-standing market tradition, the question of whether a central bank is able to stimulate economic activity or whether all its cyclical actions lead only to changes in price levels remains open. The main purpose of this analysis was to empirically prove or disprove the relation between monetary policy and economic activity in more advanced transition countries. Basing his findings on commonly used econometric methods (causality tests, VAR modelling and simulations, simultaneous equations models), Delakorda concludes that the relation between money and economic activity is a mutual one, as there are significant differences between different countries in the conduct of monetary policy and in the environment of central banks. It is the latter which determines the relation between money and economic activity.