In this paper, we propose a new diagnostic test for residual cross–section independence in a nonparametric panel data model. The proposed nonparametric cross–section dependence (CD) test is a nonparametric counterpart of an existing parametric CD test proposed in Pesaren (2004) for the parametric case. We establish an asymptotic distribution of the proposed test statistic under the null hypothe...

two models are commonly made use to explain the behavior of insurance industries, namely: risk-pooling and the risk-absorbing models. neither of the two models provides an acceptable definition of insurance output in the economies experiencing high inflation rate. to address the deficiencies of the present models, an alternative was proposed in the current study as based on the theory of in...

A nonparametric mixture model approach to empirical Bayes compound decisions for the Gaussian location model is compared with a parametric empirical Bayes approach recently suggested by Martin and Walker and several recent more formal Bayes procedures. Martin and Walker (2013) have recently proposed a parametric empirical Bayes procedure for the classical Gaussian compound decision problem in w...

In more recent years, it has become increasingly recognized that R&D (research and development) is a key driver of economic growth, a source of innovation and change, and as such stimulates improvements in productivity and economic competitiveness. It is closely associated with knowledge and flexibility, two factors that have gained new significance as a source of competitiveness in an increasi...

the paper presents a multi-factor decision-making approach for prioritizing failure modes as an alternative to traditional approach of failure mode and effect analysis (fmea). the approach is based on the ‘technique for order preference by similarity to ideal solution’ (topsis). the priority ranking is formulated on the basis of six parameters (failure occurrence, non-detection, maintainability...

g -aminobutiric acid (gaba), the major inhibitory neurotransmitter in the central nervous system has two major receptor subtypes (gabaa and gabab). gabab receptors are activated by the antispastic and muscle relaxant agent, baclofen, which is a lipophilic derivative of gaba. since 1962 several strategies have been reported for the synthesis of baclofen.in this study an approach has been made to...