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inequality indices when estimated from complex survey data. It turns out that this method also greatly simplifies the …
Persistent link: https://www.econbiz.de/10004963702
Does a country's level of unemployment have an impact on the long-run growth rate? Incorporating unemployment into a … generalised Solow-type growth model, yields some answers. In the traditional Solow model, unemployment has no long-run influence … on the growth rate and the level of productivity. The long-run level of productivity is reduced if higher unemployment …
Persistent link: https://www.econbiz.de/10005068653
This paper, investigates the effect war and terrorism, have on the covariance between oil prices and the indices of four major stock markets - the American S&P500 and the European DAX, CAC40 and FTSE100 - using nonlinear BEKK-GARCH type models. Findings reported herein indicate that the...
Persistent link: https://www.econbiz.de/10009399078
The paper applies an equilibrium correction model to discuss impacts of monetary, labour and external factors on the German inflation. The approach presented is of eclectic character and allows for examination which variables representative for various inflation theories matter empirically when...
Persistent link: https://www.econbiz.de/10005068993
This study tests the hypothesis that the ongoing restructuring process in the European electricity sector, as well as market participants' adaptation to the new legal framework, have caused electricity wholesale day-ahead prices to converge towards arbitrage freeness. Using hourly cross-border...
Persistent link: https://www.econbiz.de/10005069054
The paper analyzes factors that influence the adoption of e-learning and gives an example of how to forecast technology adoption based on a post-hoc predictive segmentation using a classification and regression tree (CART). We find strong evidence for the existence of technological...
Persistent link: https://www.econbiz.de/10005018673
Germany's water supply industry is characterized by a multitude of utilities and widely diverging prices, possibly resulting from structural differences beyond the control of firms' management, but also from inefficiencies. In this article we use Data Envelopment Analysis and Stochastic Frontier...
Persistent link: https://www.econbiz.de/10009646238
The German potable water supply industry is regarded as being highly fragmented, thus inhibiting high potentials for efficiency improvements through consolidation. Focusing on a hypothetical restructuring of the industry, we apply Data Envelopment Analysis (DEA) to analyze the potential...
Persistent link: https://www.econbiz.de/10009646239
a semiparametric time-varying coefficient model to identify, to what extent an observed change in the yield spread is …
Persistent link: https://www.econbiz.de/10008740506
In survival analysis, Cox's name is associated with the partial likelihood technique that allows consistent estimation of proportional hazard scale parameters without specifying a duration dependence baseline. In discrete choice analysis, McFadden's name is associated with the generalized...
Persistent link: https://www.econbiz.de/10004963834