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simulations, I find that one normalization used by Gali and Gertler (and others) finds evidence of backward-looking firms even … when there is none by construction. In addition, the IV estimates are also sensitive to the choice of normalization in a … and Gertler. When using my preferred normalization, I find that the NKPC is rejected at the 5 percent but not at the 1 …
Persistent link: https://www.econbiz.de/10005126218
This paper carries out an empirical assessment of the relationship between social capital and the quality of economic development in Italy. The analysis draws on a dataset collected by the author including about two hundred variables representing different aspects of economic development and...
Persistent link: https://www.econbiz.de/10005407630
The aim of this paper is to trace a map of Italian local social capital endowments. It focuses on the “structural” dimension of the concept, as identified with social networks. The analysis is based on a dataset collected by the author including about two hundred indicators of five main...
Persistent link: https://www.econbiz.de/10005407641
This paper carries out an empirical assessment of the relationship between social capital and the quality of economic development in Italy. The analysis draws on a dataset collected by the author including about two hundred variables representing different aspects of economic development and...
Persistent link: https://www.econbiz.de/10005407721
This paper carries out an empirical assessment of the relationship between social capital and the quality of economic development in Italy. The analysis draws on a dataset collected by the author including about two hundred variables representing different aspects of economic development and...
Persistent link: https://www.econbiz.de/10005407783
The contribution of this paper to the social capital literature is twofold. Drawing on the Italian data, it firstly provides a new framework for measurement, allowing to build indicators for five different components of the multidimensional concept of social capital. Secondly, it provides a...
Persistent link: https://www.econbiz.de/10005407826
This paper carries out an empirical assessment of the relationship between social capital and the quality of economic development in Italy. The analysis draws on a dataset collected by the author including about two hundred variables representing different aspects of economic development and...
Persistent link: https://www.econbiz.de/10005556003
Can the individual actions of agents spontaneously move the system out of a state where it is locked into an environmentally inferior technology, or is coordination from outside the system necessary in the form of public intervention? More importantly, even if the system were able to make the...
Persistent link: https://www.econbiz.de/10005556134
the related phenomenon of standardization. Secondly, it aims to show a broadened and evolutionary view of the process of … technology standardization, avoiding the habitual determinism of conventional models of technology diffusion and lock-in. Finally … attributes of the technology standardization processes in them. To achieve these goals we have developed an agent based model …
Persistent link: https://www.econbiz.de/10005118866
The 2003 Energy review,contains information about the 2003 energy situation of each of our member countries, regional data, as well as economic and social indicators corrected and extended through historical series. It presents and innovative structure for analysis that allows the reader to...
Persistent link: https://www.econbiz.de/10005118923