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Stathis Chadjiconstantinidis Demetrios L. Antzoulakos 《Scandinavian actuarial journal》2013,2013(3):138-161
Recursive formulae are derived for the evaluation of the moments and the descending factorial moments about a point n of mixed Poisson and compound mixed Poisson distributions, in the case where the derivative of the logarithm of the mixing density can be written as a ratio of polynomials. As byproduct, we also obtain recursive formulae for the evaluation of the moments about the origin, central moments, descending and ascending factorial moments of these distributions. Examples are also presented for a number of mixing densities. 相似文献
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Demetrios B. PAPOULIAS spyros LIOUKAS 《Annals of Public and Cooperative Economics》1995,66(3):275-298
ABSTRACT * : This paper attempts to evaluate employee and social-group participation in the management of public sector enterprises, using evidence from a scheme introduced in seven public utilities in Greece, 1983-8. It describes the institutional background and the formal directives through which this participation scheme was implemented and assesses its effects. Difficulties arising from the wider political and administrative environment are discussed. Reasons for the observed disfunctioning of the scheme are given. These refer to the structure of the scheme itself, negligence of existing experience and tradition within the enterprises, and failure to associate participation with modernization. Suggestions are provided for the implementation of more effective participative management in future . 相似文献
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An attempt is made, in this study, to examine the monetarist propositions regarding the effects of budget deficits on money growth and inflation for ten industrialized countries. To this end, a two-equation econometric model consisting of the money supply growth and inflation equations has been specified and estimated. Based on the results, it is concluded that, in general, the government budget deficit is not a determinant of money supply growth or of inflation (directly or indirectly). The U.S. is an exception with some statistical evidence of direct and indirect effects of the budget deficit on inflation. 相似文献
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Demetrios L. Antzoulakos Stathis Chadjiconstantinidis 《Scandinavian actuarial journal》2013,2013(3):161-188
Recursive formulae are derived for the evaluation of the t-th order cumulative distribution function and the t-th order tail probability of compound mixed Poisson distributions in the case where the derivative of the logarithm of the mixing density can be written as a ratio of polynomials. Also, some general results are derived for the evaluation of the t-th order moments of stop-loss transforms. The recursions can be applied for the exact evaluation of the probability function, distribution function, tail probability and stop-loss premium of compound mixed Poisson distributions and the corresponding mixed Poisson distributions. Several examples are also presented. 相似文献
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Eudokia Balamou Demetrios Psaltopoulos 《Review of urban and regional development studies : RURDS : journal of the Applied Regional Conference》2006,18(1):60-83
A three-area interregional Social Accounting Matrix (SAM) model is used to analyze economic interdependencies and relevant diffusion patterns within and between rural-urban localities in Southern Greece: the rural areas of Archanes and N. Kazantzakis and the urban area of Heraklion. Both rural areas trickle significant economic benefits to the urban area, while the urban area has marginal linkages with them. Policy simulation analysis results have indicated that farm income support measures are important to Archanes, since reduced spending in farm income support creates significant negative impacts on firm and household income, and is not compensated by an equivalent increase in rural development policy spending. These findings do not hold for the diffusion of economic impacts towards N. Kazantzakis and Heraklion; results of this simulation show that positive economic benefits are still diffused to both the wealthier urban area and the adjacent poorer rural area of N. Kazantzakis. 相似文献
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Conventionally the parameters of a linear state space model are estimated by maximizing a Gaussian likelihood function, even when the input errors are not Gaussian. In this paper we propose estimation by estimating functions fulfilling Godambe's optimality criterion. We discuss the issue of an unknown starting state vector, and we also develop recursive relations for the third- and fourth-order moments of the state predictors required for the calculations. We conclude with a simulation study demonstrating the proposed procedure on the estimation of the stochastic volatility model. The results suggest that the new estimators outperform the Gaussian likelihood. 相似文献
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Financial Development and Economic Activity in Advanced and Developing Open Economies: Evidence from Panel Cointegration 下载免费PDF全文
Georgios Chortareas Georgios Magkonis Demetrios Moschos Theodore Panagiotidis 《Review of Development Economics》2015,19(1):163-177
This study considers the effects of financial development on output in a panel cointegration framework, focusing on the implications of trade and financial openness. Our analysis indicates that after controlling for cross‐sectional dependence, the typical relationship between finance and output does not hold in the long run. This relationship, however, is re‐established once we account for economic openness. While trade openness emerges as more important for developing countries, financial openness is more important for advanced economies. In the long run, causality runs from financial development to output in the advanced economies, while in developing economies causality is bidirectional. There is no short‐run causality between financial development and output, however. 相似文献