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Assessing the 'Engines of Liberation': Home Appliances and Female Labour Force Participation
Cavalcanti, Tiago; Tavares, José - C.E.P.R. Discussion Papers - 2006
The secular rise in female labour force participation, highlighted in the recent macroeconomics literature on growth and structural change, has been associated with the declining price and wider availability of home appliances. This paper uses a new and unique country dataset on the price of...
Persistent link: https://www.econbiz.de/10005662353
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The Role of Transaction Costs for Financial Volatility: Evidence from the Paris Bourse
Hau, Harald - C.E.P.R. Discussion Papers - 2002
on the role of transaction costs for financial price volatility. For stock prices above French francs (FF) 500, the … volatility metric, we calculate 47,213 hourly volatility measures for all CAC40 stocks in the price range from FF 400 to FF 600 … and measure the volatility impact of the transaction cost increase at FF 500. We find that the median hourly range …
Persistent link: https://www.econbiz.de/10005114161
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Factor Analysis with Large Panels of Volatility Proxies
Ghysels, Eric - C.E.P.R. Discussion Papers - 2014
We consider estimating volatility risk factors using large panels of filtered or realized volatilities. The data … structure involves three types of asymptotic expansions. There is the cross-section of volatility estimates at each point in … h of the data used to compute the volatility estimates which rely on data collected at increasing frequency, h ? 0: The …
Persistent link: https://www.econbiz.de/10011083764
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Forecasting Macroeconomic Variables Using Diffusion Indexes in Short Samples with Structural Change
Banerjee, Anindya; Marcellino, Massimiliano; Masten, Igor - C.E.P.R. Discussion Papers - 2008
We conduct a detailed simulation study of the forecasting performance of diffusion index-based methods in short samples with structural change. We consider several data generation processes, to mimic different types of structural change, and compare the relative forecasting performance of factor...
Persistent link: https://www.econbiz.de/10005666861
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Growing into Trouble: Indonesia After 1966
Temple, Jonathan - C.E.P.R. Discussion Papers - 2001
This paper analyses the remarkable growth experience of Indonesia since 1966. Over a thirty-year period, GDP per capita rose more than fourfold, despite unfavourable initial conditions, some weak institutions, and flawed microeconomic policies. The paper attributes this strong performance to a...
Persistent link: https://www.econbiz.de/10005791453
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Benchmarking Structural Change in Transition
Raiser, Martin; Schaffer, Mark E; Schuchhardt, Johannes - C.E.P.R. Discussion Papers - 2003
The transition to market-based economic systems in the countries of Central and Eastern Europe and the former Soviet Union involve fundamental shifts in the allocation of resources, and deep changes in the structure of production and employment. This Paper uses a simple model of economic...
Persistent link: https://www.econbiz.de/10005792040
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Do Rural Banks Matter? Evidence from the Indian Social Banking Experiment
Burgess, Robin; Pande, Rohini - C.E.P.R. Discussion Papers - 2004
Lack of access to finance is often cited as a key reason for why poor people remain poor. This Paper uses data on the Indian rural branch expansion programme to provide empirical evidence on this issue. Between 1977 and 1990, the Indian central bank mandated that a commercial bank could open a...
Persistent link: https://www.econbiz.de/10005792249
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Structural Change and the Kaldor Facts of Economic Growth
Foellmi, Reto; Zweimüller, Josef - C.E.P.R. Discussion Papers - 2002
We present a model in which two of the most important features of the long-run growth process are reconciled: the massive changes in the structure of production and employment; and the Kaldor facts of economic growth. We assume that households expand their consumption along a hierarchy of needs...
Persistent link: https://www.econbiz.de/10005792315
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The Simplest Unified Growth Theory
Strulik, Holger; Weisdorf, Jacob - C.E.P.R. Discussion Papers - 2007
This paper provides a unified growth theory, i.e. a model that explains the very long-run economic and demographic development path of industrialized economies, stretching from the pre-industrial era to present-day and beyond. Making strict use of Malthus’ (1798) so-called preventive check...
Persistent link: https://www.econbiz.de/10005123712
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Beyond Balanced Growth
Kongsamut, Piyabha; Rebelo, Sérgio; Xie, Danyang - C.E.P.R. Discussion Papers - 1997
One of the most striking regularities of the growth process is the massive reallocation of labour from agriculture into industry and services. Balanced growth models are commonly used in macroeconomics because they are consistent with the well-known Kaldor facts about economic growth....
Persistent link: https://www.econbiz.de/10005124374