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We investigate the issue of model uncertainty in cross-country growth regressions using Bayesian Model Averaging (BMA). We find that the posterior probability is very spread among many models suggesting the superiority of BMA over choosing any single model. Out-of-sample predictive results...
Persistent link: https://www.econbiz.de/10005556336
We investigate the issue of model uncertainty in cross-country growth regressions using Bayesian Model Averaging (BMA). We find that the posterior probability is very spread among many models suggesting the superiority of BMA over choosing any single model. Out-of-sample predictive results...
Persistent link: https://www.econbiz.de/10005407952
„h Australia¡¦s surge in productivity growth in the 1990s fuelled an acceleration in growth in total income and average income (income per person in Australia). ¡V Annual average income growth accelerated from 1.4 per cent in the 1970s and 1980s to 2.5 per cent in the 1990s. ¡V Faster...
Persistent link: https://www.econbiz.de/10005556030
Most approaches in housing research are based on a static perception of the dwelling, occupant and its environment … to compulsory urban mobility and their effects extending to housing satisfaction, a set of researches has been conducted … housing user satisfaction researches. The results showed that there is a correlation between the home and environment …
Persistent link: https://www.econbiz.de/10005556213
This chapter examines the hedonic analysis of housing markets. These techniques have been widely applied in studies of … the demand for housing attributes and environmental amenities. The chapter discusses the theoretical foundation of such …
Persistent link: https://www.econbiz.de/10005124882
housing market in the monetary transmission mechanism of Hungary. The housing market can influence monetary transmission … the monetary union. It then examines the developments in the Hungarian housing and mortgage markets in the last 15 years … monetary policy on housing investment and consumption through the wealth effect and house equity withdrawal. …
Persistent link: https://www.econbiz.de/10005125023
Differences in asset measurement techniques can have a major impact on reported capital costs. Their influence on total unit cost depends on the importance of capital costs as a proportion of total costs for the particular service area being studied. In the areas of corrective services, police...
Persistent link: https://www.econbiz.de/10005125897
In this paper we present some results of a research project to develop and estimate a micro-econometric model of residential choice. The model is applied to a sample of Italian chief towns of district. The choice is assumed to depend on household characteristics, income, structural and...
Persistent link: https://www.econbiz.de/10005125936
This paper investigates whether the inclusion of housing in a household portfolio is important to the household …, and inflation. In addition to financial assets such as stocks and bonds, we incorporate a real asset, residential housing … Expenditure Survey. Since changes in housing return can affect consumption of households over time, we investigate whether the …
Persistent link: https://www.econbiz.de/10005126248
measure we use includes financial assets such as stocks and bonds and a real asset, residential housing. In particular, we …
Persistent link: https://www.econbiz.de/10005126444