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The analysis of the propensity to search under price dispersion discovers the identity of the optimal consumption-leisure choices in the model of optimal search and in the classical model of individual labor supply when the propensity to search is unimportant. However, the vigorous propensity to...
Persistent link: https://www.econbiz.de/10012062883
Recent time-series evidence has re-confirmed the forecasting ability of Swiss broad money. The same money demand studies and others, however, find that the income elasticity is greater than one. Such parameter estimates are difficult to reconcile with transactions demand theory. This study...
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The Pedroni (2000) panel cointegration method is used to estimate the cointegrating equations for the demand for narrow money for a panel of five Pacific Island Countries (Fiji, Samoa, Solomons, Vanuatu and Papua New Guinea) for the period 1975-2007. The effects of financial reforms are analyzed...
Persistent link: https://www.econbiz.de/10011524084
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In this paper, we use meta-analytic methods to investigate possible sources for the large variation in empirical findings about the income elasticity of money demand. Our results suggest that the broadness of the monetary aggregate, the inclusion of wealth and the consideration of financial...
Persistent link: https://www.econbiz.de/10014064095
household demand for residential energy in Ghana, using GLSS 7 data, the multivariate probit model, and the Quadratic Almost …, electricity, and kerosene. The results show that the demand for all household energy fuels in Ghana was significantly influenced … by price, income, and social demographic factors. Household demand for electricity and LPG fuels are income elastic with …
Persistent link: https://www.econbiz.de/10013448395
system (QUAIDS) model controlling also for total expenditure on food, region of residence, household size, age of head of … household, whether women are working, number of time in which the household buys ready food, household type and income quartiles …
Persistent link: https://www.econbiz.de/10010251127
As a useful complement to numerous innovation policy studies from a normative perspective, this paper provides a positive framework to analyze the basic economic mechanism of energy technological innovation and explains its slow pace of technological progress. We find that the...
Persistent link: https://www.econbiz.de/10010251567