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The Colonial Origins of Comparative Development: An Empirical Analysis

by Daron Acemoglu, Simon Johnson, James A. Robinson - AMERICAN ECONOMIC REVIEW , 2002
"... We exploit differences in early colonial experience to estimate the effect of institutions on economic performance. Our argument is that Europeans adopted very different colonization policies in different colonies, with different associated institutions. The choice of colonization strategy was, at l ..."
Abstract - Cited by 1657 (41 self) - Add to MetaCart
We exploit differences in early colonial experience to estimate the effect of institutions on economic performance. Our argument is that Europeans adopted very different colonization policies in different colonies, with different associated institutions. The choice of colonization strategy was, at least in part, determined by the feasibility of whether Europeans could settle in the colony. In places where Europeans faced high mortality rates, they could not settle and they were more likely to set up worse (extractive) institutions. These early institutions persisted to the present. We document these hypotheses in the data. Exploiting differences in mortality rates faced by soldiers, bishops and sailors in the colonies during the 18th and 19th centuries as an instrument for current institutions, we estimate large effects of institutions on income per capita. Our estimates imply that a change from the worst (Zaire) to the best (US or New Zealand) institutions in our sample would be associated with a five fold increase in income per capita.

Empirical Analysis of Predictive Algorithm for Collaborative Filtering

by John S. Breese, David Heckerman, Carl Kadie - Proceedings of the 14 th Conference on Uncertainty in Artificial Intelligence , 1998
"... 1 ..."
Abstract - Cited by 1497 (4 self) - Add to MetaCart
Abstract not found

An Empirical Analysis of Cigarette Addiction

by Gary S. Becker, Michael Grossman, Kevin M. Murphy, Az S Tract, Gary S. Becker, Michael Grossman, Kevin M. Murphy - American Economic Review , 1994
"... We use a framework suggested by a model of rational addiction to analyze empirically the demand for cigarettes. The data consist of per capita cigarettes sales (in packs) annually by state for the period 1955 through 1985. The empirical results provide support for the implications of a rational addi ..."
Abstract - Cited by 242 (8 self) - Add to MetaCart
We use a framework suggested by a model of rational addiction to analyze empirically the demand for cigarettes. The data consist of per capita cigarettes sales (in packs) annually by state for the period 1955 through 1985. The empirical results provide support for the implications of a rational

Why Do Companies Go Public? - An Empirical Analysis

by Marco Pagano, Fabio Panetta, Luigi Zingales - Journal of Finance , 1997
"... This paper analyzes the determinants of initial public offerings (IPOs) in Italy. We compare the ex ante and the ex post characteristics of IPOs with those of a large sample of privately held companies. The likelihood of an IPO is positively related to the company's size and the industry's ..."
Abstract - Cited by 314 (14 self) - Add to MetaCart
This paper analyzes the determinants of initial public offerings (IPOs) in Italy. We compare the ex ante and the ex post characteristics of IPOs with those of a large sample of privately held companies. The likelihood of an IPO is positively related to the company's size and the industry's market-to-book ratio. Companies appear to go public not to finance future investments and growth, but rather to rebalance their accounts after a period of high investment and growth. IPOs are also followed by a reduction in the cost of credit and an increased turnover in control. These findings highlight some important differences between the role played by the equity market in Italy (and likely in other Continental European countries) and in the United States. This paper is part of the research project on "The decision to go public and the stock market as a source of capital," promoted by the Ente "Luigi Einaudi" per gli studi monetari bancari e finanziari. The suggestions we received from Espen E...

Empirical Bayes Analysis of a Microarray Experiment

by Bradley Efron, Robert Tibshirani, John D. Storey, Virginia Tusher - Journal of the American Statistical Association , 2001
"... Microarrays are a novel technology that facilitates the simultaneous measurement of thousands of gene expression levels. A typical microarray experiment can produce millions of data points, raising serious problems of data reduction, and simultaneous inference. We consider one such experiment in whi ..."
Abstract - Cited by 492 (20 self) - Add to MetaCart
in which oligonucleotide arrays were employed to assess the genetic effects of ionizing radiation on seven thousand human genes. A simple nonparametric empirical Bayes model is introduced, which is used to guide the ef � cient reduction of the data to a single summary statistic per gene, and also to make

Economic analysis of social interactions

by Charles F. Manski - JOURNAL OF ECONOMIC PERSPECTIVES , 2000
"... Economists have long been ambivalent about whether the discipline should focus on the analysis of markets or should be concerned with social interactions more generally. Recently the discipline has sought to broaden its scope while maintaining the rigor of modern economic analysis. Major theoretical ..."
Abstract - Cited by 509 (3 self) - Add to MetaCart
examines why and discusses how economists might make sustained contributions to the empirical analysis of social interactions.

An Empirical Analysis of Electricity Consumption in

by Theodoros Zachariadis, Nicoletta Pashourtidou, Theodoros Zachariadis, Nicoletta Pashourtidou , 2006
"... An empirical analysis of electricity consumption in Cyprus* ..."
Abstract - Cited by 3 (0 self) - Add to MetaCart
An empirical analysis of electricity consumption in Cyprus*

Loopy belief propagation for approximate inference: An empirical study. In:

by Kevin P Murphy , Yair Weiss , Michael I Jordan - Proceedings of Uncertainty in AI, , 1999
"... Abstract Recently, researchers have demonstrated that "loopy belief propagation" -the use of Pearl's polytree algorithm in a Bayesian network with loops -can perform well in the context of error-correcting codes. The most dramatic instance of this is the near Shannon-limit performanc ..."
Abstract - Cited by 676 (15 self) - Add to MetaCart
nothing directly to do with coding or decoding will show that in some sense belief propagation "converges with high probability to a near-optimum value" of the desired belief on a class of loopy DAGs Progress in the analysis of loopy belief propagation has been made for the case of networks

An extensive empirical study of feature selection metrics for text classification

by George Forman, Isabelle Guyon, André Elisseeff - J. of Machine Learning Research , 2003
"... Machine learning for text classification is the cornerstone of document categorization, news filtering, document routing, and personalization. In text domains, effective feature selection is essential to make the learning task efficient and more accurate. This paper presents an empirical comparison ..."
Abstract - Cited by 496 (15 self) - Add to MetaCart
Machine learning for text classification is the cornerstone of document categorization, news filtering, document routing, and personalization. In text domains, effective feature selection is essential to make the learning task efficient and more accurate. This paper presents an empirical comparison

An Empirical Analysis of

by Debashish Sarkar, Ilya Tsvankin - Stock and Bond Market Liquidity, Review of Financial Studies , 2005
"... of image gathers in factorized VTI media ..."
Abstract - Cited by 40 (4 self) - Add to MetaCart
of image gathers in factorized VTI media
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