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1

Ma, Le, Richard Reed, and Jian Liang. "Separating owner-occupier and investor demands for housing in the Australian states." Journal of Property Investment & Finance 37, no. 2 (March 4, 2019): 215–32. http://dx.doi.org/10.1108/jpif-07-2018-0045.

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PurposeThere has been declining home ownership and increased acceptance of long-term renting in many western countries including Australia; this has created a problem when examining housing markets as there are dual demand and include both owner-occupiers and investors. The purpose of this paper is to examine the long-run relationship between house prices, housing supply and demand, and to estimate the effects of the two types of demand (i.e. owner-occupier and investor) on house prices.Design/methodology/approachThe econometric techniques for cointegration with vector error correction models
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2

MILLER, PAUL W. "ECONOMIC MODELS OF FERTILITY BEHAVIOUR IN AUSTRALIA*." Australian Economic Papers 27, no. 50 (June 1988): 65–82. http://dx.doi.org/10.1111/j.1467-8454.1988.tb00807.x.

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3

Reddy Yarram, Subba. "Factors influencing on-market share repurchase decisions in Australia." Studies in Economics and Finance 31, no. 3 (July 29, 2014): 255–71. http://dx.doi.org/10.1108/sef-02-2013-0021.

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Purpose – The purpose of this study is to examine factors influencing decisions to repurchase shares on-market in Australia. The present study also examines the role of board size, board independence and chief executive officer duality on the decision to repurchase shares on-market by Australian firms. Design/methodology/approach – This study blends the traditional motivations of share repurchases with the influences of governance. The sample consists of all non-financial firms included in the Australian All Ordinaries Index (AOI) for the period 2004-2010. The repurchase sample consists of 104
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4

West, Tracey, and Andrew C. Worthington. "Life Events and Portfolio Rebalancing of the Family Home." Journal of Financial Counseling and Planning 29, no. 1 (June 2018): 103–13. http://dx.doi.org/10.1891/1052-3073.29.1.103.

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This article investigates the impacts of financial shocks on the role of the family home in asset portfolios of Australian households using longitudinal data from the Household, Income, and Labour Dynamics in Australia (HILDA) survey. The life events considered are serious illness or injury, death of a spouse, fired or made redundant, and separation from a spouse. We use a static and dynamic Tobit models to assess the impact and duration of the life events on the portfolio share of the family home. The insights gained from this study may be important for financial planners, as adverse wealth o
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5

Durack, Nick, Robert B. Durand, and Ross A. Maller. "A best choice among asset pricing models? The Conditional Capital Asset Pricing Model in Australia." Accounting and Finance 44, no. 2 (July 2004): 139–62. http://dx.doi.org/10.1111/j.1467-629x.2004.00107.x.

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Reddy, Wejendra, David Higgins, and Ron Wakefield. "An investigation of property-related decision practice of Australian fund managers." Journal of Property Investment & Finance 32, no. 3 (April 1, 2014): 282–305. http://dx.doi.org/10.1108/jpif-02-2014-0014.

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Purpose – In Australia, the A$2.2 trillion managed funds industry including the large pension funds (known locally as superannuation funds) are the dominant institutional property investors. While statistical information on the level of Australian managed fund investments in property assets is widely available, comprehensive practical evidence on property asset allocation decision-making process is underdeveloped. The purpose of this research is to identify Australian fund manager's property asset allocation strategies and decision-making frameworks at strategic level. Design/methodology/appro
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7

Antioch, K. M., and M. K. Walsh. "Risk-adjusted capitation funding models for chronic disease in Australia: alternatives to casemix funding." European Journal of Health Economics 3, no. 2 (June 2002): 83–93. http://dx.doi.org/10.1007/s10198-002-0096-7.

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8

PLUNKETT, BRADLEY, FABIO R. CHADDAD, and MICHAEL L. COOK. "Ownership structure and incentives to invest: dual-structured irrigation cooperatives in Australia." Journal of Institutional Economics 6, no. 2 (May 6, 2010): 261–80. http://dx.doi.org/10.1017/s1744137409990361.

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Abstract:In the past decade, Australia has begun to privatize its irrigation system. Two general models have emerged: a single and a dual ownership structure. This paper examines the trade-offs, costs and benefits, and the attendant efficiencies regarding costs of ownership. In particular, we examine member capital investment incentives and resultant risk-bearing costs related to capital formation. The paper concludes that the dual ownership structure system has significant economic advantages relative to its single-structured counterpart.
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9

West, Tracey, and Andrew Worthington. "The impact of major life events on household asset portfolio rebalancing." Studies in Economics and Finance 36, no. 3 (July 26, 2019): 334–47. http://dx.doi.org/10.1108/sef-11-2017-0318.

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Purpose This paper aims to model the asset portfolio rebalancing decisions of Australian households experiencing a severe life event shock. Design/methodology/approach The paper uses household longitudinal data from the Household, Income, and Labour Dynamics in Australia (HILDA) survey since 2001. The major life events are serious illness or injury, death of a spouse, job dismissal or redundancy and separation from a spouse. The asset classes are bank accounts, cash investments, equities, superannuation (private pensions), life insurance, trust funds, owner-occupied housing, investor housing,
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10

Yong, Jaime, and Anh Khoi Pham. "The long-term linkages between direct and indirect property in Australia." Journal of Property Investment & Finance 33, no. 4 (July 6, 2015): 374–92. http://dx.doi.org/10.1108/jpif-01-2015-0005.

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Purpose– Investment in Australia’s property market, whether directly or indirectly through Australian real estate investment trusts (A-REITs), grew remarkably since the 1990s. The degree of segregation between the property market and other financial assets, such as shares and bonds, can influence the diversification benefits within multi-asset portfolios. This raises the question of whether direct and indirect property investments are substitutable. Establishing how information transmits between asset classes and impacts the predictability of returns is of interest to investors. The paper aims
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11

Gonçalves, Tânia, João Rebelo, Lina Lourenço-Gomes, and José Caldas. "Wine price determinants. Is there a homogeneous international standard?" Wine Economics and Policy 10, no. 1 (April 7, 2021): 33–55. http://dx.doi.org/10.36253/wep-8879.

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This article presents an international comparison of the main determinants of wine prices in specialist online wine shops. Hedonic price functions were estimated for 9624 wines spread among four datasets from France, Italy, Germany and Australia. To explain price variation data was collected on wine classification, closure type, wine origin, medals or awards, vintage, alcohol content, color, and grape variety. Results from quantile regression models show that the wine vintage is a common price driver in all markets and quantiles. A quite similar effect was found for alcohol content. In terms o
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12

Carroll, David, Jaai Parasnis, and Massimiliano Tani. "Why do women become teachers while men don’t?" B.E. Journal of Economic Analysis & Policy 21, no. 2 (January 22, 2021): 793–823. http://dx.doi.org/10.1515/bejeap-2020-0236.

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Abstract Across countries, almost all primary and pre-primary teachers are women while few men in the occupation tend to specialise in secondary schooling and administration. We investigate the decision to become a teacher versus alternative occupations for graduates in Australia over the past 15 years. We find that this gender distribution reflects relative returns in the labour market: women with bachelor qualifications receive higher returns in teaching, while similarly educated men enjoy substantially higher returns in other occupations. We also find evidence that schools which can, and do
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13

Perera, Treshani, David Higgins, and Woon-Weng Wong. "The evaluation of the Australian office market forecast accuracy." Journal of Property Investment & Finance 36, no. 3 (April 3, 2018): 259–72. http://dx.doi.org/10.1108/jpif-04-2017-0029.

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Purpose Property market models have the overriding aim of predicting reasonable estimates of key dependent variables (demand, supply, rent, yield, vacancy and net absorption rate). These can be based on independent drivers of core property and economic activities. Accurate predictions can only be conducted when ample quantitative data are available with fewer uncertainties. However, a broad-fronted social, technical and ecological evolution can throw up sudden, unexpected shocks that result in the econometric outputs sceptical to unknown risk factors. Therefore, the purpose of this paper is to
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14

Jones, Colin, Neil Dunse, and Kevin Cutsforth. "The changing relationships between government bond yields and capitalisation rates." Journal of European Real Estate Research 8, no. 2 (August 3, 2015): 153–71. http://dx.doi.org/10.1108/jerer-05-2015-0023.

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Purpose – The purpose of this paper is to analyse the gap between government bonds (index-linked and long-dated) and real estate yields/capitalization rates over time for the UK, Australia and the USA. The global financial crisis was a sharp shock to real estate markets, and while interest rates and government bond yields fell in response around the world, real estate yields (cap rates) have risen. Design/methodology/approach – The absolute yield gap levels and their variation over time in the different countries are compared and linked to the theoretical reasons for the yield gap and, in part
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15

Cheung, Ka Shing, and Siu Kei Wong. "Entry and exit affordability of shared equity homeownership: an international comparison." International Journal of Housing Markets and Analysis 13, no. 5 (August 30, 2019): 737–52. http://dx.doi.org/10.1108/ijhma-06-2019-0059.

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Purpose Shared equity homeownership is a form of subsidised, resale-restricted housing through which lower-income households can sustain their affordability. This paper aims to distinguish two types of affordability within shared equity homeownership: “entry affordability” indicates how affordable subsidised housing is when a household first becomes a subsidised owner; while “exit affordability” means how affordable private housing is after a household has enjoyed subsidised homeownership for a period of time. Design/methodology/approach Using price-to-income ratios, this study compares the en
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16

van der Nest, D. P., Louis Smidt, and Dave Lubbe. "The use of generalised audit software by internal audit functions in a developing country: A maturity level assessment." Risk Governance and Control: Financial Markets and Institutions 7, no. 4-2 (December 28, 2017): 189–202. http://dx.doi.org/10.22495/rgc7i4c2art2.

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This article explores the existing practices of internal audit functions in the locally controlled South African banking industry regarding the use of Generalised Audit Software (GAS), against a benchmark developed from recognised data analytic maturity models, in order to assess the current maturity levels of the locally controlled South African banks in the use of this software for tests of controls. The literature review indicates that the use of GAS by internal audit functions is still at a relatively low level of maturity, despite the accelerating adoption of information technology and ge
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17

Aluko, Bioye Tajudeen. "ACCURACY OF AUCTION SALE VALUATIONS IN DISTRESSED BANK LENDING DECISIONS IN NIGERIA." Journal of Business Economics and Management 8, no. 3 (September 30, 2007): 225–33. http://dx.doi.org/10.3846/16111699.2007.9636172.

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Of all the sub‐sectors of the national economy, the banking industry and the property market have arguably been most severely affected by the current recession. Thus, the prevailing credit crunch in real estate finance and market conditions have implication for disposal and valuations of real estate for mortgage purposes. The study examined whether forced sale valuations of mortgage properties were a good proxy for their auction sale prices. Relevant data involving 67 auction sales of foreclosed residential property transactions together with their contemporaneous forced sale valuations were p
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18

Gabe, Jeremy, Spenser Robinson, Andrew Sanderford, and Robert A. Simons. "Lease structures and occupancy costs in eco-labeled buildings." Journal of Property Investment & Finance 38, no. 1 (October 4, 2019): 31–46. http://dx.doi.org/10.1108/jpif-07-2019-0098.

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Purpose The purpose of this paper is to investigate whether energy-efficient green buildings tend to provide net lease structures over gross lease ones. It then considers whether owners benefit by trading away operational savings in a net lease structure. Design/methodology/approach Empirical models of office leasing transactions in Sydney, Australia, with wider transferability supported by analysis of office rent data in the USA. Findings Labeled green buildings are approximately four to five times more likely than non-labeled buildings to use a net lease structure. However, despite receiving
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19

Mainardi, Stefano. "Geological occurrence and economic feasibility in closing decisions by gold mines." South African Journal of Economic and Management Sciences 2, no. 2 (June 30, 1999): 240–57. http://dx.doi.org/10.4102/sajems.v2i2.2576.

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With successful exploration of deposits often lagging behind mineral extraction, and the international price of gold showing no signs of recovery, mining companies are under pressure to reassess their strategies. The decision whether or not to close a mining activity is the outcome of a process of adapting expectations to a changing economic and geological environment. Part of the literature emphasizes the role of the mineral price and operating costs. However, the extent, pace and intertemporal allocation of metal recovery is in practice determined by a complex interaction of both these with
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20

Chan, Tze-Haw, Hooi Hooi Lean, and Chee-Wooi Hooy. "A macro assessment of China effects on Malaysian exports and trade balances." Journal of Chinese Economic and Foreign Trade Studies 7, no. 1 (January 28, 2014): 18–37. http://dx.doi.org/10.1108/jcefts-11-2012-0019.

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Purpose – This paper aims to focus on the impact of China's export expansion on Malaysian monthly trading with to her 12 major trading partners over the liberalization era. Design/methodology/approach – The analytical framework comprises of both the export and trade balance models. Unit root and cointegration tests with break and error correction modeling are employed in the analyses. Findings – Regime shifts are evident in the long run where structural break(s) found mostly coincides with the Asia crisis and China's accession into WTO. While the income effects are more apparent in most cases,
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21

Li, Youwei, Bas Donkers, and Bertrand Melenberg. "Econometric analysis of microscopic simulation models." Quantitative Finance 10, no. 10 (December 2010): 1187–201. http://dx.doi.org/10.1080/14697680903460176.

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22

Spirtes, Peter. "Graphical models, causal inference, and econometric models." Journal of Economic Methodology 12, no. 1 (March 2005): 3–34. http://dx.doi.org/10.1080/1350178042000330887.

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23

Dixon, Tim. "Commercial property retrofitting." Journal of Property Investment & Finance 32, no. 4 (July 1, 2014): 443–52. http://dx.doi.org/10.1108/jpif-02-2014-0016.

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Purpose – Progress in retrofitting the UK's commercial properties continues to be slow and fragmented. New research from the UK and USA suggests that radical changes are needed to drive large-scale retrofitting, and that new and innovative models of financing can create new opportunities. The purpose of this paper is to offer insights into the terminology of retrofit and the changes in UK policy and practice that are needed to scale up activity in the sector. Design/methodology/approach – The paper reviews and synthesises key published research into commercial property retrofitting in the UK a
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24

Degiannakis, Stavros, and Apostolos Kiohos. "Multivariate modelling of 10-day-ahead VaR and dynamic correlation for worldwide real estate and stock indices." Journal of Economic Studies 41, no. 2 (March 4, 2014): 216–32. http://dx.doi.org/10.1108/jes-06-2012-0082.

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Purpose – The Basel Committee regulations require the estimation of value-at-risk (VaR) at 99 percent confidence level for a ten-trading-day-ahead forecasting horizon. The paper provides a multivariate modelling framework for multi-period VaR estimates for leptokurtic and asymmetrically distributed real estate portfolio returns. The purpose of the paper is to estimate accurate ten-day-ahead 99%VaR forecasts for real estate markets along with stock markets for seven countries across the world (the USA, the UK, Germany, Japan, Australia, Hong Kong and Singapore) following the Basel Committee req
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25

Hansen, Lars Peter, John Heaton, and Erzo G. J. Luttmer. "Econometric Evaluation of Asset Pricing Models." Review of Financial Studies 8, no. 2 (April 1995): 237–74. http://dx.doi.org/10.1093/rfs/8.2.237.

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26

Edwards, Sebastian. "Exchange rates in multi-country econometric models." Journal of International Economics 19, no. 3-4 (November 1985): 387–90. http://dx.doi.org/10.1016/0022-1996(85)90047-9.

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27

DIVISEKERA, SARATH. "AN ECONOMETRIC MODEL OF INTERNATIONAL VISITOR FLOWS TO AUSTRALIA*." Australian Economic Papers 34, no. 65 (December 1995): 291–308. http://dx.doi.org/10.1111/j.1467-8454.1995.tb00030.x.

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Kiss, Ferenc, and Bernard Lefebvre. "Econometric Models of Telecommunications Firms: A Survey." Revue économique 38, no. 2 (March 1987): 307. http://dx.doi.org/10.2307/3501725.

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Kiss, Ferenc, and Bernard Lefebvre. "Econometric models of telecommunications firms : a survey." Revue économique 38, no. 2 (1987): 307–74. http://dx.doi.org/10.3406/reco.1987.408982.

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30

Wong, Wing-Keung. "Review on behavioral economics and behavioral finance." Studies in Economics and Finance 37, no. 4 (June 19, 2020): 625–72. http://dx.doi.org/10.1108/sef-10-2019-0393.

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Purpose This paper aims to give a brief review on behavioral economics and behavioral finance and discusses some of the previous research on agents' utility functions, applicable risk measures, diversification strategies and portfolio optimization. Design/methodology/approach The authors also cover related disciplines such as trading rules, contagion and various econometric aspects. Findings While scholars could first develop theoretical models in behavioral economics and behavioral finance, they subsequently may develop corresponding statistical and econometric models, this finally includes s
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31

Hazieva, Aigul, Nuria Rafikova, Gamir Habirov, Zariya Zalilova, and Elza Sagadeeva. "Econometric Models of Cattle-Breeding Production Cost." Industrial Engineering & Management Systems 19, no. 4 (December 31, 2020): 857–65. http://dx.doi.org/10.7232/iems.2020.19.4.857.

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MILBOURNE, ROSS. "DISTINGUISHING BETWEEN AUSTRALIAN DEMAND FOR MONEY MODELS." Australian Economic Papers 24, no. 44 (June 1985): 154–68. http://dx.doi.org/10.1111/j.1467-8454.1985.tb00102.x.

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33

Masouman, Ashkan, and Charles Harvie. "Forecasting, impact analysis and uncertainty propagation in regional integrated models: A case study of Australia." Environment and Planning B: Urban Analytics and City Science 47, no. 1 (April 16, 2018): 65–83. http://dx.doi.org/10.1177/2399808318767128.

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The integration of input–output and econometric models at regional level has gained popularity for its superior performance in forecasting employment and examining the impacts of policies. There are a number of approaches to integrate the two models. This paper examines the integration of input–output with econometric modelling using two merging methodologies, namely coupling and holistic embedding. Each methodology is analysed with respect to the accuracy of its results of total and sectoral employment forecasting. Both methodologies are applied to a regional economy in Australia. The methodo
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34

Bianchi, Carlo, Giuseppe Bruno, and Andrea Cividini. "Analysis of large-scale econometric models using supercomputer techniques." Computer Science in Economics and Management 5, no. 3 (August 1992): 271–81. http://dx.doi.org/10.1007/bf00426763.

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35

Caudill, Steven B., and Randall G. Holcombe. "Coefficient bias due to specification search in econometric models." Atlantic Economic Journal 15, no. 3 (September 1987): 30–34. http://dx.doi.org/10.1007/bf02316884.

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Arbia, Giuseppe, Marco Bee, and Giuseppe Espa. "Testing Isotropy in Spatial Econometric Models." Spatial Economic Analysis 8, no. 3 (September 2013): 228–40. http://dx.doi.org/10.1080/17421772.2013.804629.

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McDonald, John. "A Survey of Econometric Models of Office Markets." Journal of Real Estate Literature 10, no. 2 (January 1, 2002): 223–42. http://dx.doi.org/10.1080/10835547.2002.12090112.

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BROWN, DAVID P., and MICHAEL R. GIBBONS. "A Simple Econometric Approach for Utility-Based Asset Pricing Models." Journal of Finance 40, no. 2 (June 1985): 359–81. http://dx.doi.org/10.1111/j.1540-6261.1985.tb04962.x.

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Witkowska, D., K. Kompa, and A. Matuszewska. "Exchange rate prediction: Dynamic econometric models and neural networks." International Advances in Economic Research 7, no. 2 (May 2001): 267–68. http://dx.doi.org/10.1007/bf02296017.

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TREVOR, R. G., and S. J. THORP. "VAR FORECASTING MODELS OF THE AUSTRALIAN ECONOMY: A PRELIMINARY ANALYSIS." Australian Economic Papers 27, s1 (June 1988): 108–20. http://dx.doi.org/10.1111/j.1467-8454.1988.tb00697.x.

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VOON, THOMAS J. "CHINESE DEMAND FOR AUSTRALIAN WHEAT: APPLICATION OF MARKET SHARE MODELS." Australian Economic Papers 33, no. 63 (December 1994): 228–38. http://dx.doi.org/10.1111/j.1467-8454.1994.tb00862.x.

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McGinness, Mark. "Regulatory Models for Protecting the Markets: An Australian Perspective." Journal of Financial Crime 9, no. 1 (March 2001): 40–53. http://dx.doi.org/10.1108/eb026006.

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Nguyen, Annette, Robert Faff, and Philip Gharghori. "An examination of conditional asset pricing models in the Australian equities market." Applied Financial Economics Letters 3, no. 5 (September 2007): 307–12. http://dx.doi.org/10.1080/17446540701222409.

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Oaxaca, Ronald L., and Michael Ransom. "Using Econometric Models for Intrafirm Equity Salary Adjustments." Journal of Economic Inequality 1, no. 3 (December 2003): 221–49. http://dx.doi.org/10.1023/b:joei.0000004588.24934.81.

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Sanford, Andrew D., and Gael M. Martin. "Bayesian comparison of several continuous time models of the Australian short rate." Accounting and Finance 46, no. 2 (June 2006): 309–26. http://dx.doi.org/10.1111/j.1467-629x.2006.00169.x.

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Guidolin, Massimo, Francesco Ravazzolo, and Andrea Donato Tortora. "Alternative econometric implementations of multi-factor models of the U.S. financial markets." Quarterly Review of Economics and Finance 53, no. 2 (May 2013): 87–111. http://dx.doi.org/10.1016/j.qref.2013.01.004.

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Akbulaev, Nurkhodzha, Basti Aliyeva, and Shehla Rzayeva. "Analysis of the Influence of the Price of Raw Oil and Natural Gas on the Prices of Indices and Shares of the Turkish Stock Exchange." Pénzügyi Szemle = Public Finance Quarterly 66, no. 1 (2021): 151–66. http://dx.doi.org/10.35551/pfq_2021_1_8.

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This article is a review on the impact of prices and their dependence on the cost of oil and natural gas on the world stock markets. The main studies and results achieved in the field of the impact of prices on both the stock index and industrial stocks and the dependence on the level of oil prices are presented. The paper presents an econometric study on the choice of offers on the securities market that allows us to identify the main specifics of changes in prices for the stock index and industrial shares in the daily period from 13. 05. 2012 to 01. 12. 2019. The article uses methods for est
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Simionescu, Bratu Mihaela. "Predicting Macroeconomic Indicators in the Czech Republic Using Econometric Models and Exponential Smoothing Techniques." South East European Journal of Economics and Business 7, no. 2 (November 1, 2012): 89–99. http://dx.doi.org/10.2478/v10033-012-0017-3.

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Abstract Econometric modeling and exponential smoothing techniques are two quantitative forecasting methods with good results in practice, but the objective of the research was to find out which of the two techniques are better for short run predictions. Therefore, for inflation, unemployment and interest rate in the Czech Republic various accuracy indicators were calculated for the predictions based on these methods. Short run forecasts on a horizon of 3 months were made for December 2011-February 2012, the econometric models being updated. For the Czech Republic, the exponential smoothing te
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Maziarz, Mariusz. "‘Emerging contrary result’ phenomenon and scientific realism." Panoeconomicus, no. 00 (2020): 24. http://dx.doi.org/10.2298/pan171218024m.

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The article is aimed at reconsidering the question if the project of econometrics can be read in line with scientific realism. Previously, the methodological literature focused on the philosophy of econometrics, voices criticizing realist interpretations of econometrics were raised. The criticism was aimed at showing that econometric models lack robustness. The use of slightly different methods leads to obtaining different and often contrary models what supposedly undermine the project of econometrics. In this article, I aim at offering a new argument in defence of the current practice of the
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Chen, Shu-Heng, Chia-Ling Chang, and Ye-Rong Du. "Agent-based economic models and econometrics." Knowledge Engineering Review 27, no. 2 (April 26, 2012): 187–219. http://dx.doi.org/10.1017/s0269888912000136.

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AbstractThis paper reviews the development of agent-based (computational) economics (ACE) from an econometrics viewpoint. The review comprises three stages, characterizing the past, the present, and the future of this development. The first two stages can be interpreted as an attempt to build the econometric foundation of ACE, and, through that, enrich its empirical content. The second stage may then invoke a reverse reflection on the possible agent-based foundation of econometrics. While ACE modeling has been applied to different branches of economics, the one, and probably the only one, whic
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