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Expectations, employment and prices: a suggested interpretation of the new 'farmerian' economics

Guerrazzi, Marco - Volkswirtschaftliche Fakultät, … - 2010

This paper aims at providing a critical assessment of the new ‘Farmerian’ economics, i.e. the recent Farmer’s attempt to provide a new micro-foundation of the General Theory grounded on modern search and business cycle theories. Specifically, I develop a theoretical model that summarizes...

Persistent link: https://www.econbiz.de/10009021709

Increasing returns in matching and labour market dynamics: Comments on indeterminacy and search theory

Guerrazzi, Marco - Volkswirtschaftliche Fakultät, … - 2015

the social elasticity of the matching function with respect to unemployment. …

Persistent link: https://www.econbiz.de/10011157018

A demand-driven search model with self-fulfilling expectations: The new `Farmerian' framework under scrutiny

Gelain, Paolo; Guerrazzi, Marco - Volkswirtschaftliche Fakultät, … - 2014

In this paper, we implement Bayesian econometric techniques to analyze a theoretical framework built along the lines of Farmer's micro-foundation of the General Theory. Specifically, we test the ability of a demand-driven search model with self-fulfilling expectations to match the behaviour of...

Persistent link: https://www.econbiz.de/10011109526

On involuntary unemployment: notes on efficiency-wage competition

Guerrazzi, Marco - Volkswirtschaftliche Fakultät, … - 2012

This paper introduces a model of efficiency-wage competition along the lines put forward by Hahn (1987). Specifically, I analyse a two-firm economy in which employers screen their workforce by means of increasing wage offers competing one another for high-quality employees. The main results are...

Persistent link: https://www.econbiz.de/10011109551

The Cyclical Volatility of Equilibrium Unemployment and Vacancies: Evidence from Italy

Cardullo, Gabriele; Guerrazzi, Marco - Volkswirtschaftliche Fakultät, … - 2013

In this paper, we explore the fluctuations of unemployment and vacancies in the Italian labour market over the last … line with previous findings on the unemployment volatility puzzle, we find that the labour market tightness indicator is …

Persistent link: https://www.econbiz.de/10011111175

Esclavagisme et colonisation : Quelles conséquences contemporaines en Afrique ? - Résumé critique des travaux de l'économiste Nathan Nunn

Kodila-Tedika, Oasis - Volkswirtschaftliche Fakultät, … - 2013

This article aims to highlight the first work of economist Nathan Nunn on slavery and colonization. Indeed, for the latter, these two historical facts, quantifiable consequences, have defined the path of economic development of African countries. Secondly, this paper discusses the findings of...

Persistent link: https://www.econbiz.de/10011260637

Institutions and Poverty: A Critical Comment Based on Evolving Currents and Debates

Asongu, Simplice; Kodila-Tedika, Oasis - African Governance and Development Institute (AGDI) - 2014

Tebaldi & Mohan (2010, JDS) have established an empirical nexus between institutions and monetary poverty. We first … underlying study that institutions could have an indirect effect on multidimensional poverty. In other words, the poverty … eradication effect of institutions is through income-average as opposed to income-inequality. We discuss the confirmed findings in …

Persistent link: https://www.econbiz.de/10011118305

Does Trust Matter For Entrepreuneurship : Evidence From A Cross-Section Of Countries

Kodila-Tedika, Oasis; Agbor Agbor, Julius - Volkswirtschaftliche Fakultät, … - 2012

To the extent that trust is necessary to conduct informal sector business activities, its absence could possibly constrain entrepreneurial spirit and overall economic growth. This paper tests the hypothesis that differences in trust levels between countries explain the observed differences in...

Persistent link: https://www.econbiz.de/10011109979

Entrepreneurship and property right: de Soto'r right

Kodila-Tedika, Oasis - Volkswirtschaftliche Fakultät, … - 2012

Using cross-sectional analysis with new data on entrepreneurship and entrepreneurship, we test the hypothesis of de Soto (1994, 2005) that the right of property is required for hatching entrepreneurship. Given our econometric estimates and our sensitivity tests, the right to property is...

Persistent link: https://www.econbiz.de/10011111529

Alcohol and corruption

Azia-Dimbu, Florentin; Kalonda-Kanyama, Isaac; … - Volkswirtschaftliche Fakultät, … - 2012

This study had for objective to measure the link which exists between the alcohol and the corruption, or more exactly the relation between the drinker and the corruption. In the term of this study, it seems clearly that the relation is positive between both variables. Drinkers' quantitative...

Persistent link: https://www.econbiz.de/10011111981