We test, econometrically
, whether or not the global saving glut hypothesis is statistically significant (see Section III for details).
, alcohol use is exogenous in equation 2 if it is uncorrelated with the error term [epsilon].
Such an eventuality is not formally examined in this paper, and additional sampling will be required to do so in an econometrically
In fact, fiscal deficit has econometrically
been found as the significant determinant of the variations in the current account deficit of Pakistan [Ahmed (1996)].
1995), and Podolsky and Spiegel (1998) use community level data to estimate econometrically
the demand for residential waste disposal services.
The GLS approach is econometrically
more satisfying because it explicitly incorporates this heteroscedasticity in the estimation process.
The choice of these four output measures was tempered by the objective of examining multiproduct cost attributes within an econometrically
tractable model of the banking firm.
The Fair model econometrically
estimates that if a household receives a $100 increase in disposable income, it will spend roughly $20 in the first quarter, and less than $20 in each of the next three quarters.
, the only modification to Hamilton's procedure would be to allow the relevant dummy variables to interact with the slope coefficient in equation (26).
For example, John Abowd's paper focuses on the employer/employee interface; in particular the old and important labour economics puzzle presented by the finding that only about 40% of the cross sectional variation in earnings can be explained econometrically
by differences in observed characteristics of worker themselves (education, age, sex, etc).
Interestingly (and validating common sense for those who observe airfares closely around the nation), they demonstrate econometrically
that about 40 percent of the fare reductions are due to the competitive pressure from a single airline, Southwest.
Difficulties were encountered when estimating equation (6) econometrically
due to two principal factors; equation (6) is a highly stylised specification for the evolution of human capital, and the data used for estimation provide insufficient information to describe adequately lifetime income dynamics.