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To measure the economic effects of political movements in China a simple econo-metric model is constructed. Investment is determined by a central planner maximizing a multiperiod objective function. Political events are modeled by exogenous changes in the shocks to productivity and to investment...
Persistent link: https://www.econbiz.de/10005062562
We construct a structural econometric model to measure partially the economic effects of political movements in China.
Persistent link: https://www.econbiz.de/10005062573
This is a survey paper on five important developments in econometrics, with illustrative applications to economic …
Persistent link: https://www.econbiz.de/10005556306
The transportation system is a fundamental component of the urban economic development, with its generating feature of negative supply externalities standing out (and, as a result, of the satisfied demand for some kind of this supply’s structure) related to congestion and environmental...
Persistent link: https://www.econbiz.de/10005118977
This is an exploratory study that attempts to identify and provide empirical evidence on the possible determinants of the market capitalisation of the Harare Stock Exchange (HSE) with the view of understanding the development prospects of the HSE and other similar markets. The study used...
Persistent link: https://www.econbiz.de/10005119105
much in the fields of Economics, Econometrics, and Finance. In this study, We will look at the wavelet transform in the …
Persistent link: https://www.econbiz.de/10005124893
econometrics and statistics. Among these is the Gibbs sampler, which has been of particular interest to econometricians. Although … applications to important models that are studied in econometrics. We include a discussion of some implementation issues, the use …
Persistent link: https://www.econbiz.de/10005124895
The essential idea of equilibrium search models of labour market behaviour is that wage policy matters. In contrast, the stylized neoclassical competitive model predicts that firms paying a wage above the competitive equilibrium will disappear; those offering less will attract no workers. The...
Persistent link: https://www.econbiz.de/10005124896
We have collected data on the one-year-ahead income expectations of members of American households in our Survey of Economic Expectations (SEE), a module of a national continuous telephone survey conducted at the University of Wisconsin. The income- expectations questions take this form: "What...
Persistent link: https://www.econbiz.de/10005124897
The authors examine the issue of lag-length selection in the context of a structural vector autoregression (VAR) and a vector error-correction model with long-run restrictions. First, they show that imposing long- run restrictions implies, in general, a moving-average (MA) component in the...
Persistent link: https://www.econbiz.de/10005124898