Financial impact of risk on municipal earnings
To evaluate the relation between regional earnings and risk across the US economy, this article uses a heteroscedastic model that captures earnings uncertainty. We then implement a nonlinear estimator that simultaneously estimates the variance of the econometric residual and the effect of the varian...
- Autores:
-
Sarmiento, Camilo
- Tipo de recurso:
- Article of journal
- Fecha de publicación:
- 2007
- Institución:
- Escuela Colombiana de Ingeniería Julio Garavito
- Repositorio:
- Repositorio Institucional ECI
- Idioma:
- eng
- OAI Identifier:
- oai:repositorio.escuelaing.edu.co:001/2772
- Acceso en línea:
- https://repositorio.escuelaing.edu.co/handle/001/2772
https://repositorio.escuelaing.edu.co/
- Palabra clave:
- Economía - Estados Unidos
Econometría
Economía matemática
Ganancias municipales - Estados Unidos
Finanzas - Estados Unidos
Economy - United States
Econometrics
Mathematical economics
Municipal Profits - United States
Finance - United States
- Rights
- openAccess
- License
- http://purl.org/coar/access_right/c_abf2
| Summary: | To evaluate the relation between regional earnings and risk across the US economy, this article uses a heteroscedastic model that captures earnings uncertainty. We then implement a nonlinear estimator that simultaneously estimates the variance of the econometric residual and the effect of the variance on expected earnings. Estimation results show the association between risk and earnings for local economies. |
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