Econometrics

4.3.6 Distance to the nearest market This variable was found to adversely affect supply of livestock to the market. As hypothesized, increased number of kilo meters to the market center led to the decrease of supplied volume of livestock to the market. Therefore, this variable negatively influenced the supply side of live animal to the market. It further reveal that, farmers who resided far away from lare town treat livestock similar to saving accounts and typically only supplied less number of…

There appears to be high-quality proof that global trade influences business growth in an encouraging manner through making smooth capital buildup, business organization promotion, scientific advancement as well as institutional development. Particularly, increased introduction of resources and intermediary goods which are hard to obtain in the household market might have an effect on the growth of amount produced in manufacturing. Further dynamic contribution to the worldwide market through…

importance of those different pieces of information, including safety and risk information. It will explore their willingness to balance competing influences of economics, convenience and safety under different levels of safety risk by using a novel econometric approach. William (2013) submits study about pilots is at greatest risk, more broadly can we predict and assess accident rates, given a pilot’s total flight hours. These questions interest pilots, aviation policy makers, insurance…

Summary of the Paper “Intergenerational Occupational Mobility in Great Britain and the United States Since 1850” by Jason Long and Joseph Ferrie, attempts to answer the question whether the authors can identify, for Britain and the US, historical differences in mobility, particularly intergenerational occupational mobility. In addition, the authors check for sufficiently large differences that explain the differences in labor radicalism between Britain and the US. The authors give a more in…

Introduction Conceptually, there are two general methodologies to measure frontier efficiency; the parametric approach using econometric techniques, and the non-parametric approach utilising the linear programming method. Both approaches differ mainly in how they handle the random error and the assumptions made on the shape of the efficient frontier. However, each of the techniques has its own strengths and weaknesses. The most widely employed parametric methods are stochastic frontier approach…

Other than ratio analysis, Data Envelopment analysis (DEA), a non parametric technique and Stochastic Frontier Analysis, a parametric and econometric model are the two alternative approaches available for efficiency analysis of financial institutions. Currently, majority of studies on the performance of MFI (e.g. Tucker and Miles 2004, Koveos and Randhawa, 2004) are based on financial ratios…

“Home is where the hearts is”, my home is Kazakhstan one of the ex-soviet union countries where the collapse of the Soviet Union have a severe contradictory economic, social and legal effect on my homeland in spite of 24 years of Independence. My passion to study international law goes back to 1991, when the Soviet Union had collapsed, with Kazakhstan becoming an independent country. One of the aims of our first president was to build new international relations. I was four years old when I…

Increased guns, Decreased Crime Gun control has become a largely talked about topic in modern day America, due to terrorist attacks, school shootings and many other events. Gun control was established to help regulate the use of firearms and who can carry a firearm. Some people want gun control laws strengthened because they believe that if there weren 't any guns then there would be no violence. On the other hand people people against gun laws believe that without guns to protect themselves,…

Finally, regarding the impact of managerial capacities on firm growth we find that firms that have brought in professional managers (divorcing management from ownership functions) are more likely to experience growth and show a greater magnitude of growth (H10 supported). These findings are in line with other organizational theory studies which posit that organizations evolve through their life cycle stages. In their initial phase, firms are limited in their managerial capabilities and also may…

As an undergraduate student, I spent an extensive amount of time trying to articulate why I should choose a particular calling over others. I am intellectually curious and prefer perceiving information in an interdisciplinary manner. Thus, the necessity to choose one or two majors imposed a challenge. Studying at a liberal arts college reassured me in the idea that the fields I was primarily interested in – Economics and Political Science – are not isolated or restrictive. Both are based on a…