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Land Inequality and the Origin of Divergence and Overtaking in the Growth Process
Galor, Oded; Moav, Omer; Vollrath, Dietrich - EconWPA - 2004
\ in the determination of productivity in early stages of development to the domination of institutional factors in mature …
Persistent link: https://www.econbiz.de/10005125614
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Land Inequality and the Emergence of Human Capital Promoting Institutions
Galor, Oded; Moav, Omer; Vollrath, Dietrich - EconWPA - 2005
This research suggests that favorable geographical conditions, that were inherently associated with inequality in the distribution of land ownership, adversely affected the implementation of human capital promoting institutions (e.g., public schooling and child labor regulations), and thus the...
Persistent link: https://www.econbiz.de/10005062436
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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
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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
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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
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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
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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
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Simulating the Impact of Policy upon Chronic and Transitory Poverty in Rural Pakistan
McCulloch, Neil; Baulch, Bob - EconWPA - 2000
fluctuations of income over time ('smoothing policies') after making an explicit adjustment for measurement error. Since the …
Persistent link: https://www.econbiz.de/10005119120
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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
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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