Showing 41 - 50 of 62
Kernel density estimation is an important technique for understanding the distributional properties of data. Some investigations have found that the estimation of a global bandwidth can be heavily affected by observations in the tail. We propose to categorize data into low- and high-density...
Persistent link: https://www.econbiz.de/10008763786
In this paper we explore how the nature of the equilibria changes when the interest income from nominal bond holdings is also taxed in an fully flexible endowment economy. We find that the stability properties of this economy depend on the slope and the intercept of both monetary and fiscal...
Persistent link: https://www.econbiz.de/10010667361
from a variety of sources on a range of macro variables and on institutions in the respondent’s country of residence. A …
Persistent link: https://www.econbiz.de/10005064172
Abstract: This paper studies a multinational firm’s transfer price decisions in imperfectly competitive market settings. It investigates whether the firm’s optimal transfer price coincides with the arm’s length price and examines how the firm might respond if it is compelled...
Persistent link: https://www.econbiz.de/10008492306
This paper proposes a model in which house prices are determined by housing affordability in the short run, while being determined by acquisition costs in the long run. Housing affordability is, in turn, determined by nominal income and nominal mortgage payments. The model explains the recent...
Persistent link: https://www.econbiz.de/10009144416
and which factors were fundamental for the Great Divergence. These hypotheses are the contracting institutions, property … right institutions, and culture. It is tested whether these theories influence growth through science and technology or … human capital or channels that are independent of these two channels. It is found that culture, contracting institutions and …
Persistent link: https://www.econbiz.de/10010667365
This paper examines whether a country’s economic reforms are affected by reforms adopted by other countries. A simple model of economic reforms is developed to motivate the econometric work. Unsurprisingly, the model predicts that reforms are more likely when factors of production are...
Persistent link: https://www.econbiz.de/10005064175
This paper investigates how government transfers affect economic growth. Using meta-analysis techniques, we systematically review 24 primary studies with 164 estimates that examine the effect of government transfers on economic growth. After addressing heterogeneity and issues of publication...
Persistent link: https://www.econbiz.de/10011100031
Coal is the primary source of energy and predominantly used for electricity generation in India. For an emerging economy like India, the demand-supply gap is widening in Coal sector with economic growth. Considering both sides of market, we establish long run dynamics between economic growth,...
Persistent link: https://www.econbiz.de/10011266966
This paper implements a panel data approach of the Solow model to study the phenomenon of growth convergence for 22 OECD countries. It shows that the derived estimable Solow model is probably underspecified from an econometric point of view, it is still possible to conclude that there is a...
Persistent link: https://www.econbiz.de/10005087587