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  2. On the Cross-Section of Expected Returns of German Stocks: A…

    https://www.jbs.cam.ac.uk/wp-content/uploads/2020/08/wp0623.pdf
    9 Jul 2023: IID, so that the test statistic is distributed student-t and asymptotically normal. ... 51 See Roll’s general critique of tests of asset pricing models, R.
  3. www.eprg.group.cam.ac.uk The European Single Market in Electricity:…

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp1815.pdf
    8 Dec 2023: www.eprg.group.cam.ac.uk. The European Single Market in Electricity:. An Economic Assessment. EPRG Working Paper 1815. ... hoarding their historic access rights in order to limit cross-border trading (something which explained initially low or
  4. PDF - Privatising national oil companies: assessing the impact on…

    https://www.jbs.cam.ac.uk/wp-content/uploads/2020/08/wp0802-v2.pdf
    9 Jul 2023: Based on this dataset we test whether the privatisation of NOCs is empirically. ... one-sided Wilcoxon signed-rank test, is then employed to test whether the median.
  5. Cambridge Centre for Risk StudiesCambridge Risk Framework Food and ...

    https://www.jbs.cam.ac.uk/wp-content/uploads/2020/08/crs-high-inflation-world-financial-catastrophe.pdf
    9 Jul 2023: Recently, the rapid rate of change in the economic climate means that results of such stress tests have little longevity and are quickly rendered obsolete. ... In this period of general economic recovery there are concerns that current stress tests are
  6. www.eprg.group.cam.ac.uk Sector Reforms and Institutional Corruption: …

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp1801.pdf
    8 Dec 2023: assumed regulatory responsibilities with the aim of achieving specific social and economic objectives. ... Obtaining consistent, efficient and unbiased results using the Sys-GMM estimator is contingent on two specification tests; Hansen test for
  7. _pdf_ Wolf

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp0805.pdf
    6 Dec 2023: substantially improved economic welfare in 11 of the 12 cases, with the main. ... The. metrics serve to test hypotheses on the performance impact of privatisation as.
  8. PDF - Privatising national oil companies: assessing the impact on…

    https://www.jbs.cam.ac.uk/wp-content/uploads/2020/08/wp0802.pdf
    9 Jul 2023: 5. promoting economic efficiency, and/or whether privatisation is an appropriate tool to. ... substantially improved economic welfare in 11 of the 12 cases, with the main drivers.
  9. Stranded Assets

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp1828.pdf
    8 Dec 2023: used and useful test, we reorganise the financial and economic affairs of a template network utility and “Park” excess capacity, issue credit-wrapped bonds to temporarily finance the stranded capital stock, ... Rather than permanently stranding
  10. TitlePage1144&EPRG1121

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp1121.pdf
    6 Dec 2023: root tests based on Augmented Dickey-Fuller (ADF) test (Dickey and Fuller, 1979). ... and Kwiatkowski; Phillips; Schmidt and Shin (KPSS) test (KPSS, 1992)11. Table 3: Unit root tests.
  11. WP300

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/05/cbrwp300.pdf
    9 Jul 2023: days (Test 7), lower levels of required start-up capital (Test 9), lower values for the indices for employment conditions (Test 10) and hiring and firing flexibility (Tests 11 and 12), ... Difference Test. Test # Average Value. Difference Test. Average
  12. Learning by Doing with Constrained Growth Rates

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp0915.pdf
    6 Dec 2023: EPRG Working Paper 0915 Cambridge Working Paper in Economics 0926. Aoife Brophy Haney & Michael G. ... Economics . Engineering . Law . Type of Expert . Not Applicable . Academic . Other Professional . 9 . Other  Local . International .
  13. www.eprg.group.cam.ac.uk Carbon pricing and the elasticity of CO2…

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp2035.pdf
    11 Dec 2023: Cambridge Working Paper in Economics 20116. Ryan Rafaty, Geoffroy Dolphin and Felix Pretis. ... a Climate Econometrics, Nuffield College, University of Oxford; b Institute for New Economic Thinking at the Oxford Martin School; c Judge Business School,
  14. The Measurability of Output

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/05/cbrwp256.pdf
    9 Jul 2023: In order to empirically test hypothesis 2, a scale of the economic value created by each of the 349 jobs in the survey is required. ... 009 Measurability of Output 3.322. 037 Seniority by Economic Value 1.128.
  15. Cambridge Centre for Risk StudiesCambridge Risk Framework Human…

    https://www.jbs.cam.ac.uk/wp-content/uploads/2020/08/crs-sao-paolo-virus-pandemic.pdf
    9 Jul 2023: We shock these variables in the Global Economic Model of Oxford Economics to estimate global macro-economic impact in terms of losses to global GDP output over 5 years. ... A further test comes when we try to model the impact of hypothetical economic
  16. Country-Specific Oil Supply Shocks and the Global Economy: A ...

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp1512.pdf
    8 Dec 2023: economic variables of each economy (real GDP, inflation, real exchange rate, short and. ... of the test at 3.95, and the null hypothesis cannot be rejected.
  17. www.eprg.group.cam.ac.uk The Simple Economics of Asymmetric Cost…

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp1511.pdf
    8 Dec 2023: economic theory, homogeneous firms that compete on prices earn zero profit, and cost. ... test, but is not implied in any way by economic principles; it is simply a special case.
  18. WP267

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/05/cbrwp267.pdf
    9 Jul 2023: These were identified as those respondents who had worked for more than one employer in the six months prior to the questionnaire, and who ‘passed’ the tests of ‘economic reality’ for ... But, of this 92%, many would be affected by uncertainty as
  19. The Economic Costs of Unsupplied Electricity: Evidence from Backup ...

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp1326.pdf
    7 Dec 2023: The Economic Costs of Unsupplied Electricity: Evidence from Backup Generation among African Firms. ... differences, and other organisational factors play important roles as economic drivers in explaining.
  20. www.eprg.group.cam.ac.uk EP RG WO RK ING PA PE R ...

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp1212.pdf
    7 Dec 2023: OECD countries if the head of executive has an educational background in economics. ... country. This paper attempts to discover the impact of political economic variables on.
  21. Abstract

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp1202.pdf
    7 Dec 2023: EPRG Working Paper 1202 Cambridge Working Paper in Economics 1203. Philipp-Bastian Brutscher. ... tests for ‘other-control’problems directly; it is the first test for ‘other-control’.
  22. 291papersept

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/05/cbrwp291.pdf
    9 Jul 2023: T-test on break between 1983 and 1984. 084 (.018). 037 (.019) -.000 (.029). ... Griliches, Zvi. “Market Value, R&D, and Patents.” Economic Letters, 1981, 7, pp.
  23. WP387_June_sarkar-singh

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/05/cbrwp387.pdf
    9 Jul 2023: institutional economics and the general literature on the determinants of economic growth. ... Rodrik, D. 2002. One Economics, Many Recipes: Globalization, Institutions, and Economic Growth, Princeton, Princeton University Press.
  24. VALUE CREATION THROUGH MERGERS AND ACQUISITIONS

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/05/cbrwp252.pdf
    9 Jul 2023: Each variable has been winsorized at the 99th percentile. The tests used to test differences in the mean and median are a t-test and the Wilcoxon Signed Ranks test. ... We test this methodology on a comprehensive sample of 386 takeovers between U.K.
  25. Lovers, Friends and Enemies: The Determinants and Effects of Hostile…

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/05/cbrwp216.pdf
    9 Jul 2023: Loderer and Martin (1997) test the endogeneity of board ownership and bidder announcement returns. ... We carry out the Hausman specification test to determine whether OLS or 2SLS.
  26. Distinguishing Weak and Strong Disposability among Undesirable…

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp0717.pdf
    6 Dec 2023: efficiency scores as the choice of disposability assumption. 5.3 Rank-sum test. ... 18. Table 7: Wilcoxon-Mann-Whitney Test Statistic. Group 1 Group 2 Models.
  27. Cambridge Centre for Risk Studies Cambridge Risk Framework…

    https://www.jbs.cam.ac.uk/wp-content/uploads/2020/08/crs-china-japan-conflict-stress-test-scenario.pdf
    9 Jul 2023: Cambridge Centre for Risk Studies Cambridge Risk Framework. Geopolitical Conflict: Stress Test Scenario. ... A further test comes when we try to model the impact of hy pothetical economic extreme conditions on inv estment asset classes and portfolios.
  28. Cambridge Centre for Risk StudiesCambridge Risk Framework Asset…

    https://www.jbs.cam.ac.uk/wp-content/uploads/2020/08/crs-global-property-crash-financial-catastrophe.pdf
    9 Jul 2023: We estimate the effects of these shocks on the world economy using the Global Economic Model (GEM) of Oxford Economics’. ... Recently, the changing economic climate makes so that the results of such stress tests have little longevity and are quickly
  29. WPM$04C6

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/05/cbrwp286.pdf
    9 Jul 2023: Arellano, M., and Bond, S.R. (1991). ‘Some tests of specification for panel data: Monte Carlo evidence and an application to employment equations’, Review of economic studies, vol. ... Kaldor, N. (1975). ‘What is wrong with economic theory?’
  30. lng_contracts_v54_to_eprg_revised_15032006

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp0610.pdf
    5 Dec 2023: Furubotn, Eirik G., and Rudolf Richter (1997) Institutions and Economic Theory: The Contribution of the New Institutional Economics. ... Saussier, Stéphane (2000) When Incomplete Contract Theory Meets Transaction Cost Economics: A Test on Contractual
  31. wind

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp0603.pdf
    5 Dec 2023: Networks." Resource and Energy Economics 19(1-2): 109-137. DeCarolis and Keith (forthcoming). ... opoly." Economic Theory(10): 131-146. Hobbs, B. F. and U. Helman (2004).
  32. www.eprg.group.cam.ac.uk Machine Learning on residential electricity…

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp2113.pdf
    11 Dec 2023: focus on longer periods of household consumption to explore differences in social-economic. ... sun sensitivity in winter weekends is mostly associated with socio-economic variables, notably.
  33. Learning by Doing with Constrained Growth Rates

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp0820.pdf
    6 Dec 2023: distribution networks in New Zealand and the resulting economic consequences have received little. ... According to the Ministry of Economic Development there has nevertheless been very little.
  34. cbrwp278

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/05/cbrwp278.pdf
    9 Jul 2023: However, this criterion is only for classification and preliminary comparison. Econometric tests based on panel data set are not affected by this classification. ... 18. Results of econometric tests on the interaction between exports and technical
  35. DO LABOUR LAWS INCREASE EQUALITY AT THE EXPENSE OF ...

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/05/cbrwp442.pdf
    9 Jul 2023: to the PMG model, which is the one selected by the Hausman test in this regression. ... imperfect labour markets’ Economic Journal, 109: F112-F142. Acharya, V., Baghai-Wadji, R.
  36. Cyber Catastrophe

    https://www.jbs.cam.ac.uk/wp-content/uploads/2020/08/showcase-presentation-ralph.pdf
    9 Jul 2023: International Trading Networks. Catastronomics The Economics of Catastrophe.  Aim: systemise the modelling of economic impact of systemic threat scenarios – Philosophy of structural or coherent stress tests. ... Goals. 23. Multi-Threat Economic Risk
  37. 2011 01 11 Local Dimension Energy Demand_NON TECHNICAL SUMMARY

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-nts1103.pdf
    6 Dec 2023: EPRG Working Paper 1103 Cambridge Working Paper in Economics 1114. Scott Kelly and Michael Pollitt In this chapter, we postulate that some of the best opportunities for reducing energy demand and ... It is shown through a simple statistical t-test that
  38. PDF - Long term spread option valuation and hedging - working paper

    https://www.jbs.cam.ac.uk/wp-content/uploads/2020/08/wp0625.pdf
    9 Jul 2023: asset-allocation strategy for spread holders. 2.1 Cointegration tests. To test the cointegration of two asset prices, we first need to test whether each. ... Unit root and cointegration tests. First, we conduct the ADF test on the heating oil and crude
  39. www.eprg.group.cam.ac.uk Network Utilities Performance and…

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp1914.pdf
    11 Dec 2023: development in the Americas and conclude that spatial economic development is affected by. ... While the relationship between quality of institutions and overall economic growth or firms’.
  40. Comparative Efficiency Assessments of Liberalised Electricity Market

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp1818.pdf
    8 Dec 2023: with structural economic shift. They conclude that Latin American countries experience decline in. ... in July 2008 just before the onset of the Global Economic Crisis 7.
  41. Legal Memetics: Towards an Evolutionary Theory of Legal Change

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/05/cbrwp242.pdf
    9 Jul 2023: One of the most widely cited cases for the control test, Yewens v. ... and gave way to the more recognizably modern tests of ‘integration’ and ‘business reality’.
  42. The Contract of Employment: A Study in Legal Evolution

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/05/cbrwp203.pdf
    9 Jul 2023: Understood in this way, the juridical record is a trace of shifts in the wider social and economic environment. ... and the economic power to use the market to discharge the worker without regard to customary understandings of hiring practice.
  43. PDF - Does the Firm-Specific Asset Volatility Process Implied by the…

    https://www.jbs.cam.ac.uk/wp-content/uploads/2020/08/wp0411.pdf
    9 Jul 2023: an augmented Dickey-Fuller test, as developed in Dickey & Fuller (1981), could be. ... perform an augmented Dickey-Fuller test on the relation. 1 0 1 11.
  44. PDF - Economic Capital Gauged - working paper

    https://www.jbs.cam.ac.uk/wp-content/uploads/2020/08/wp0407.pdf
    9 Jul 2023: determined and is transforming the banks’ view of economic capital. This paper investigates. ... ECMRC. Tier 1. Capital. Economic Capital. (EC). MinimumRegulatoryCapital. MRC = 8% Risk Weighted Assets.
  45. RESURRECTING THE UK SECTOR NATIONAL ACCOUNTS AFTER 1945 Bill ...

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/05/cbrwp514.pdf
    9 Jul 2023: All such studies should benefit from having available a long historical context within which to test hypotheses. ... Notes: ‘ver’: (abbreviation of ‘version’) refers to the UK Economic Accounts publication date.
  46. WP315

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/05/cbrwp315.pdf
    9 Jul 2023: The latter indicate that the Cook-Weisberg test for heteroscedasticity rejects the homogeneous variance hypothesis for this data. ... Similarly, the RESET test indicates specification error in the fitted linear regression equation.
  47. www.eprg.group.cam.ac.uk Renewable Energy Zones in Australia’s…

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp2103.pdf
    11 Dec 2023: Economic curtailment ($1.0/MWh) requires no policy attention whatsoever. 200MW Solar PV valuation impacts. ... Economic losses incurred by the generation fleet total $591m. Note however that CO2 emissions are not priced in NEM regulatory tests.
  48. 0712…

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp0712.pdf
    6 Dec 2023: undesirable outputs, and also to test the validity of different models constructed in the paper. ... Additionally, following Pollitt (1995), this paper also tests the impact of variable vintage squared.
  49. PDF - How high should climate change taxes be? (WP 9/2011)

    https://www.jbs.cam.ac.uk/wp-content/uploads/2020/08/wp1109.pdf
    9 Jul 2023: of GDP… The reason these returns existed in the past was because we were experiencing debt fuelled, unsustainable rates of rapid economic growth’ (CIVFI, 2011). ... the Optimal Carbon Tax Rate?,
  50. www.eprg.group.cam.ac.uk Climate Change and Economic Activity:…

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp2208.pdf
    12 Dec 2023: Energy Economics 104,. 105624. Kalkuhl, M. and L. Wenz (2020). The Impact of Climate Conditions on Economic Production. ... Cambridge Working Papers in. Economics 2127. Kort, J. R. (2001). The North American Industry Classification System in BEA’s
  51. Alan D

    https://www.jbs.cam.ac.uk/wp-content/uploads/2020/08/jagolinzera-cv.pdf
    9 Jul 2023: David Larcker), Journal of Accounting and Economics, August 2015 Offensive Disclosure (with M. ... 10. Public Affairs Specialist, Air Force Operational Test and Evaluation Center, Kirtland Air Force Base, New Mexico; September 1989—March 1990 Awards.

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