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Interpretation of Regressions with Multiple Proxies

Lubotsky, Darren; Wittenberg, Martin - EconWPA - 2001

We consider the situation in which there are multiple proxies for one unobserved explanatory variable in a linear regression and provide a procedure by which the coefficient of interest can be extracted "post hoc" from a multiple regression in which all the proxies are used simultaneously. This...

Persistent link: https://www.econbiz.de/10005407980

Global Diseases, Global Patents and Differential Treatment in WTO Law

Sinha, Tapen; Condon, Bradly J - EconWPA - 2005

As of January 1, 2005, all developing country members of the WTO are required to implement the WTO Agreement on Trade Related Intellectual Property Rights (TRIPS). We analyze the issue of access to patented medicine to treat global and neglected diseases in developing countries in the context of...

Persistent link: https://www.econbiz.de/10005561030

Introducing a scale of market shocks

Zumbach, Gilles O.; Dacorogna, Michel M.; Olsen, Jorgen L. - EconWPA - 2004

Two 'event' scales for financial markets, called 'scale of market shocks' (SMS), are introduced, which measure the importance of the market movements. These indices are based on the price volatility and are computed by integrating mapped asset volatilities over time horizons that range from 1...

Persistent link: https://www.econbiz.de/10005076995

Asset measurement in the costing of government services

EconWPA; Steering Committee for the Review of … - 2001

Differences in asset measurement techniques can have a major impact on reported capital costs. Their influence on total … that different methods of asset measurement could lead to quite large variations in reported capital costs. Considered in … the context of total unit costs, however, the differences created by these asset measurement effects were relatively small …

Persistent link: https://www.econbiz.de/10005125897

The Discounted Economic Stock of Money with VAR Forecasting

Barnett, William; Chae, Unja; Keating, John - EconWPA - 2005

We measure the United States capital stock of money implied by the Divisia monetary aggregate service flow, in a manner consistent with the present-value model of economic capital stock. We permit non-martingale expectations and time varying discount rates. Based on Barnett’s (1991) definition...

Persistent link: https://www.econbiz.de/10005412591

THE HIDDEN INEQUALITY IN SOCIALISM

Henderson, David; McNab, Robert M; Rozsas, Tamas - EconWPA - 2004

In the same time period over which the former socialist countries of Eastern Europe and Central Asia became freer, measured inequality of income for those countries increased. Researchers linked the increase to the egalitarian values of socialism and to the process of economic and political...

Persistent link: https://www.econbiz.de/10005118811

Understanding Social Capital: Its Nature and Manifestiations in Rural Canada

Reimer, Bill - EconWPA - 2005

This presentation discusses an interpretation and analysis of social capital that is strongly integrated into a framework of social relations. We argue that social capital is organized in four fundamental types of social relations: market, bureaucratic, associative, and communal. Each type of...

Persistent link: https://www.econbiz.de/10005118864

Simulating the Impact of Policy upon Chronic and Transitory Poverty in Rural Pakistan

McCulloch, Neil; Baulch, Bob - EconWPA - 2000

Anti-poverty programs often seek to improve their impact by targeting households for assistance according to one or … extent to which poverty is caused by fluctuations in welfare as well as the long-run level of welfare, using the IFPRI … the poverty impact of policies designed to increase mean incomes ('growth' policies) and those designed to even out …

Persistent link: https://www.econbiz.de/10005119120

Measuring the Degree of Efficiency of Financial Market

Los, Cornelis - EconWPA - 2004

market risk is needed. This new risk concept should allow for the measurement of the degree of market efficiency, which is …

Persistent link: https://www.econbiz.de/10005561619

Measuring and Analyzing Returns on Aggregate Residential Housing

Hasanov, Fuad; Dacy, Douglas - EconWPA - 2005

This paper computes an aggregate real after-tax rate of return on residential real estate in the United States. We account for net rental income, capital gain, and subsidies due to tax provisions for homeowners in constructing a total return measure. We also compute separate returns to owners...

Persistent link: https://www.econbiz.de/10005561628