Similar Search Results

Long-run forecasting in multicointegrated systems

Siliverstovs, Boris; Engsted, Tom; Haldrup, Niels - School of Economics and Management, University of Aarhus

In this paper long-run forecasting of multicointegrating variables is investigated. Multicointegration typically occurs …" restriction on out-of-sample valuation and forecasting accuracy of such variables is of interest. In particular, we compare the … long-run forecasting performance of the multicointegrated variables between a model that correctly imposes the "common …

Persistent link: https://www.econbiz.de/10005198802

Estimating Equilibrium Effects of Job Search Assistance

Gautier, Pieter; Muller, Paul; Klaauw, Bas van der; … - School of Economics and Management, University of Aarhus - 2012

Randomized experiments provide policy relevant treatment effects if there are no spillovers between participants and nonparticipants. We show that this assumption is violated for a Danish activation program for unemployed workers. Using a difference-in-difference model e show that the...

Persistent link: https://www.econbiz.de/10010851156

Do wage subsidies for disabled workers result in deadweight loss? – evidence from the Danish Flexjob scheme

Gupta, Nabanita Datta; Larsen, Mona; Thomsen, Lars Brink - School of Economics and Management, University of Aarhus - 2013

We evaluate the effects of wage subsidy programs for the disabled, in particular, their potential for welfare-loss reduction vs. deadweight loss creation. We do this in the context of the Danish Flexjob scheme, a large, nation-wide scheme that was implemented in 1998 and targeted towards...

Persistent link: https://www.econbiz.de/10010851161

State Dependence in Unemployment among Danish Immigrants

Ahmad, Nisar - School of Economics and Management, University of Aarhus - 2009

This study examines the extent state dependence among unemployed Danish immigrants in a dynamic discrete choice framework. Three alternative methodologies are employed to control for the problem of the initial condition. The empirical findings show that there is a considerable correlation...

Persistent link: https://www.econbiz.de/10008500706

Can the new aid-growth models be replicated

Jensen, Peter Sandholt; Paldam, Martin - School of Economics and Management, University of Aarhus

The recent literature on the aid-growth relation discusses two competing models: The Good Policy Model, where the key feature is policy times aid, and the Medicine Model, where the key feature is aid squared. Both have been reached on a sample of about 1/3 of the available data. We present a...

Persistent link: https://www.econbiz.de/10005439986

Duration Dependence and Timevarying Variables in Discrete Time Duration Models

D'Addio, Anna Christina; Honoré, Bo E. - School of Economics and Management, University of Aarhus

This paper considers estimation of a dynamic discrete choice model with second order state dependence in the presence of strictly exogenous time-varying explanatory variables. We propose new method for estimating such models, and a small Monte Carlo study suggests that the method erforms well in...

Persistent link: https://www.econbiz.de/10005440024

Does development aid help poor countries catch up?

Herbertsson, Tryggvi Thor; Paldam, Martin - School of Economics and Management, University of Aarhus - 2005

Aid flows are included into the standard cross-country catch-up relation. Robust¬ness of the result is tested by changing time periods and by adding extra variables. The main results are: Absolute conver¬gence and absolute aid effec¬ti¬ve¬ness are both rejected. While conditional...

Persistent link: https://www.econbiz.de/10005114086

Conditionality, Commitment and Investment Response in LDCs

Agostino, Mariarosaria - School of Economics and Management, University of Aarhus - 2004

The private investment response to structural reforms in developing countries is of paramount importance, both for the future economic growth and the survival of the reforms themselves. By employing a sample of countries, recipients of World Bank Structural Adjustment Loans, the present paper...

Persistent link: https://www.econbiz.de/10005439912

A Comparison of Different Estimators for Panel Data Sample Selection Models

Jensen, Peter; Rosholm, Michael; Verner, Mette - School of Economics and Management, University of Aarhus

In this paper, we perform an extensive Monte Carlo study of the finite sample properties of different estimators for panel data sample selection models. The estimators investigated are various two-step estimators and maximum likelihood estimators with simultaneous equations for the...

Persistent link: https://www.econbiz.de/10005439925

Self-Employment among Immigrants: A Last Resort?

Jensen, Kraen Blume; Ejrnaes, Mette; Nielsen, Helena Skyt; … - School of Economics and Management, University of Aarhus

Based on unique register data of male immigrants in Denmark, we investigate whether self- employment is used as a last resort. To identify self-employment as a last resort, we define different types of immigrants as a function of transition probabilities between wage-employment, non-employment...

Persistent link: https://www.econbiz.de/10005787491