Based on the complete survey of Russian airlines that was conducted in winter of 2006-2007, we analyzed essential entry-barriers in the industry, evaluated the impact of division of vertically integrated structures ("airport-airline") on regional passenger welfare, and econometrically
estimated efficiency of methods for overcoming entry-barriers in the Russian PAI.
In a seminal paper, Roll (1977) contends that, irrespective of how an index is structured econometrically
, it is impossible to construct a market index that will include all the assets in the universe.
This pattern also shows up econometrically
: central banks with inflation targeting have significantly less persistence of inflation after shocks than those without it.
Just as they do in rational expectations models, the cross-equation restrictions that emerge out of models with boundedly rationality and learning provide potentially powerful channels through which key parameters can be econometrically
identified and through which key hypotheses can be econometrically
To capture dynamic relationships in the data that are not modelled by his simple equations, he imposes an econometrically
estimated structure on the disturbances to the model.
The distinction of Lucas's work is that it is based on new (mathematical) techniques coupled to GE theory and is testable econometrically
. In Lucas we see the final marriage of the micro theory of neoclassicism, based on the abstract rational agent, and macro theory.
The updated forecasts also take into account the potential effects of a war with Iraq Such effects have been measured econometrically
for each market and segment, based on the Gulf War experience of 1991, and have been applied to the lodging demand forecasts for the 2nd quarter of 2003.
The familiar own price elasticity of demand equation [eta] = %[DELTA]Q/%[DELTA]P can be rewritten econometrically
The authors construct a computable general equilibrium model that is then estimated econometrically
. They present two separate empirical analyses.
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).
In fact, this is the only criticism of the book that might be leveled by those accustomed to more econometrically
sophisticated academic research.
This study focuses on learning and errors by analyzing data econometrically
in a logistic error model.