Showing 1 - 10 of 25
Persistent link: https://www.econbiz.de/10005574848
In this paper, growth of per capita income can be exogenous and/or endogenous due to aggregate public infrastructure spillover. The deterministic Glomm and Ravikumar (1994) model is augmented in this paper to produce a stochastic growth counterpart which has useful time series implications.
Persistent link: https://www.econbiz.de/10005578949
There is much evidence in the literature that the volatility of asset returns, in particular those from stock markets, show evidence of an asymmetric response to good and bad news. This paper considers the impact of news on time varying hedges for financial futures. The models are compared with...
Persistent link: https://www.econbiz.de/10005587709
consumption, using their own capital and their own unpaid labor. Goods and services produced by households for their own use … of purchased intermediate commodities into final consumption commodities. Households use their own capital and their own …
Persistent link: https://www.econbiz.de/10005587750
-international flows of capital are now significantly sensitive to changes in income, and to expected changes in income, in different … countries. This assumption is in contrast to that in accepted analysis where international capital flows are sensitive only to … a fixed-exchange rate system) of monetary policy in an open economy will be less than if it is assumed that capital …
Persistent link: https://www.econbiz.de/10005587763
model also determines the socially optimal disposition of saving between domestic capital accumulation and overseas asset …
Persistent link: https://www.econbiz.de/10005587782
This note studies conditions under which sequences of capital per head generated by stochastic optimal accumulation …
Persistent link: https://www.econbiz.de/10005750781
A Hall type model that includes intermediate materials in the production function and allows for non-stochastic time variation in the contribution of technical change to output growth is used to estimate markup and returns to scale for eight Australian manufacturing industries at approximately...
Persistent link: https://www.econbiz.de/10005392567
In this paper we examine the volatility of aggregate output and employment in Australia with the aid of a frequency filtering method (the Butterworth filter) that allows each time series to be decomposed into trend, cycle and noise components. This analysis is compared with more traditional...
Persistent link: https://www.econbiz.de/10005458636
This paper describes a newly constructed macroeconomic database for Australia including measures of GDP, its components, prices, and key monetary and labour market statistics over the last fifty years as published and revised in real time. Data vintages are collated from various sources and...
Persistent link: https://www.econbiz.de/10009371115