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Calibration of Interest Rate Models - Transition Market Case

Vojtek, Martin - EconWPA - 2004

A methodology to calibrate multifactor interest rate model for transition countries is proposed. The usual methodology of calibration with implied volatility cannot be used as there are no markets for regularly traded derivatives. The existence of such a markets is essential for this...

Persistent link: https://www.econbiz.de/10005413130

A stock-flow matching approach to evaluation of public training program in a high unemployment environment

Dmitrijeva, Jekaterina; Hazans, Mihails - EconWPA - 2005

Monthly panel (1998-2003) data from regional labor offices in Latvia are used to analyze the matching process in a high unemployment – low labor demand environment and to evaluate the impact of active labor market policy programs on outflows from unemployment. Results suggest that the hiring...

Persistent link: https://www.econbiz.de/10005556810

Happiness in Eastern Europe

Hayo, Bernd - EconWPA - 2004

This paper analyses the determinants of happiness in seven Eastern European transition countries during the early phase of economic transition. The analysis of representative survey data in an ordered logit model shows that those core socio-demographic and economic variables known to be relevant...

Persistent link: https://www.econbiz.de/10005560958

Quality Externalities among Hotel Establishments: What is the Impact of Tour Operators

Calveras, Aleix; Vera-Hernandez, Marcos - EconWPA - 2003

This paper is about quality decisions in a vertical structure where competitive producers sell to powerful retailers. Specifically, we focus the analysis on the role played by a tour operator on quality investments when distributing the capacity of a given tourist destination. We emphasize the...

Persistent link: https://www.econbiz.de/10005134461

Jamaica's Tourism Potential

Jones, Peter W - EconWPA - 2004

The question that needs to be asked with regards to the impact of tourism on Jamaica is do we in Jamaica know the real …

Persistent link: https://www.econbiz.de/10005062431

Assistance to Tourism: Exploratory Estimates

Commission, Productivity - EconWPA - 2005

In April 2005, the research paper into Assistance to Tourism: Exploratory Estimates, was released. It is the first … comprehensive attempt to quantify the extent of assistance to tourism on a comparable basis to that for other industries in … Australia. While care is needed in interpreting the results, the estimates suggest that tourism receives a lower rate of …

Persistent link: https://www.econbiz.de/10005556150

Taxing sales to tourists over time

Taylor, Leon - EconWPA - 1998

city launching a tourism program.<BR> …

Persistent link: https://www.econbiz.de/10005556966

Migration and the Environment in the Galapagos:An analysis of economic and policy incentives driving migration, potential impacts from migration control, and potential policies to...

Kerr, Suzi; Cardenas, Susana; Hendy, Joanna - EconWPA - 2004

From 1974 through 1997 the Galapagos experienced very rapid population growth, around six per cent per year. Sustained at this level, the population would continue to double every 12 years. Increased population brings an increased risk of invasive introduced species, which endangers the fragile...

Persistent link: https://www.econbiz.de/10005118902

Impact of competition policy reforms on rural and regional Australia

Commission, Productivity - EconWPA - 2001

On 28 August 1998 the Treasurer referred the impact of competition policy reforms on rural an regional Australia for inquiry and report within 12 months of receiving the reference. The Commission is to assess the impact (both transitional and ongoing) of the competition policy and related...

Persistent link: https://www.econbiz.de/10005118925

Industries, land use and water quality in the Great Barrier Reef Catchment

Commission, Productivity - EconWPA - 2003

In August 2002, the Commission was asked to look at the economic and social importance of the different industries in the Great Barrier Reef and its catchment. The Commission also would evaluate the costs and benefits of actions to address declining water quality which currently threatens the...

Persistent link: https://www.econbiz.de/10005118947