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The study proposes a multivariate unobserved components model in order to examine relationships at business cycle frequencies among macroeconomic variables. The series are decomposed into non-stationary trends, stationary cycles, and an irregular component. The co-movements among the particular...
Persistent link: https://www.econbiz.de/10010291762
, allowing it to explain some so far little understood differences between markets and government. The policy implications …
Persistent link: https://www.econbiz.de/10010296215
: F14, F15 Keywords: institutions, bilateral trade, gravity model, sectoral analysis, markets …
Persistent link: https://www.econbiz.de/10011318915
Are competitive mechanisms perceived as just sources of economic inequality? Perceptions of fairness violations can have severe economic consequences, as they may cause counterproductive behavior such as rulebook slowdowns or quality shading. To analyze fairness perceptions associated with...
Persistent link: https://www.econbiz.de/10011420556
highly problematic. When we use markets in these areas, market organization tends to be supplemented by regulation and other … nonmarket structures. There are a number of areas where we fence out markets, and use other forms of organization and governance … in many cases were needed if markets were to work well. The purpose of this essay is to rekindle this understanding. …
Persistent link: https://www.econbiz.de/10010328604
This paper studies the stability of socially responsible behavior in markets. We develop a laboratory product market in …
Persistent link: https://www.econbiz.de/10010328753
Many information structures generate correlated rather than mutually independent signals, the news media being a prime example. This paper shows experimentally that in such contexts many people neglect these correlations in the updating process and treat correlated information as independent. In...
Persistent link: https://www.econbiz.de/10010328793
This paper studies the stability of socially responsible behavior in markets. We develop a laboratory product market in …
Persistent link: https://www.econbiz.de/10010332043
The sub-Saharan Africa region recorded the fastest conversion of forest land to agriculture in the past 20 years. The region also has the widest yield gap and together with Latin America and Caribbean has the largest unused arable land. However, there are wide variations across countries and...
Persistent link: https://www.econbiz.de/10010333675
Agriculture is a main contributor to pro-poor growth in Africa, but gender inequalities in the sector hold back agricultural growth and affect household welfare negatively. The sector has been characterized by a lack of gender-disaggregated data and patchy gender-integration in policies and...
Persistent link: https://www.econbiz.de/10010343230