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On 31 July 1998 the Commission received a request from the Treasurer to undertake, on behalf of the Government of the Australian Capital Territory, a study into whether it is in the public interest for the ACT to: . ban the sale of eggs from battery caged hens in the ACT (whether produced in the...
Persistent link: https://www.econbiz.de/10005407762
demand; namely, Russia’s oil supply falters while China’s demand soars, versus Russia’s oil supply soars while China’s demand …In examining the prospects for oil and gas supply from the GCC countries, we draw on the evidence that the supply of …. The approach taken here starts from this empirical observation; namely, that supply from the region will be available when …
Persistent link: https://www.econbiz.de/10005407800
This document introduce the obtained results of the econometric estimation of cement demand and supply in Bolivia … considered as a simultaneous equations model, based on two equations, one for the demand and another for the supply. The … cement demand and supply to be able to explain the coefficients associated to the variables in form of elasticities. The …
Persistent link: https://www.econbiz.de/10005408000
an important propagation mechanism in a dynamic stochastic general equilibrium model, as the current labor supply affects …
Persistent link: https://www.econbiz.de/10005076683
This article analyses the frequency components of European business cycles using real GDP by employing multiresolution decomposition (MRD) with the use of maximal overlap discrete wavelet transforms (MODWT). Static wavelet variance and correlation analysis is performed, and phasing is studied...
Persistent link: https://www.econbiz.de/10005076732
cyclical demand fluctuations. In the absence of capacity constraints (i.e. a limiting case of our model), Haltiwanger and … Harrington (1991) show that firms find it more difficult to collude during periods of decreasing demand. We find that this … procyclically, so that periods of increasing demand may lead to lower losses from cheating even if collusive profits are rising …
Persistent link: https://www.econbiz.de/10005125033
Wavelet analysis, although used extensively in disciplines such as signal processing, engineering, medical sciences, physics and astronomy, has not yet fully entered the economics discipline. In this discussion paper, wavelet analysis is introduced in an intuitive manner, and the existing...
Persistent link: https://www.econbiz.de/10005125692
We estimate output growth rate spectra for 58 countries. The spectra exhibit diverse shapes. To study the sources of this diversity, we estimate the short-run, business cycle, and long-run frequency components of the sampled series. For most OECD countries the bulk of the spectral mass is in the...
Persistent link: https://www.econbiz.de/10005126132
Using panel data for a large number of countries, we find that economic contractions are not followed by offsetting fast recoveries. Trend output lost is not regained, on average. Wars, crises, and other negative shocks lead to absolute divergence and lower long-run growth, whereas we find...
Persistent link: https://www.econbiz.de/10005126155
Theoretical studies have shown that under unorthodox assumptions on preferences and production technologies, collateral constraints can act as a powerful amplification and propagation mechanism of exogenous shocks. We investigate whether or not this result hold under more standard assumptions....
Persistent link: https://www.econbiz.de/10005126224