Showing 1 - 10 of 50
„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 … income growth of the 1990s was distributed evenly between labour (wages and salaries) and capital (profits). The labour and …
Persistent link: https://www.econbiz.de/10005556030
De afgelopen jaren bereikten de aandelenkoersen met grote regelmaat nieuwe recordhoogten en zijn de Nederlandse huizenprijzen flink gestegen. De hausse op de aandelen- en huizenmarkt hangt voor een belangrijk deel samen met het gunstige economische klimaat en de relatief lage rente in combinatie...
Persistent link: https://www.econbiz.de/10005561751
with household microdata. In doing so, we tackle several econometric and data problems that are generally recognized to … bias parameter estimates. This is obviously relevant, as obtaining correct price and income responses is essential if they … sources for a long time period and choose a demand system with flexible income and price responses. We also estimate the model …
Persistent link: https://www.econbiz.de/10005119094
Asset prices are forward looking. This evidence implies that prices of financial assets are essentially determined by the traders expectations about future prices. Another evidence about asset prices is that these do not seem to follow a predictable pattern over time; we observe periods of high...
Persistent link: https://www.econbiz.de/10005413133
The influence of heterogeneous time preferences on the term structure is investigated. Motivated by the Preferred Habitat Theory of Modigliani and Sutch, a model for intertemporal preferences accounting for preferred habitats is proposed. In a heterogeneous world, preferred habitats can explain...
Persistent link: https://www.econbiz.de/10005413212
The cyclical behavior of hours worked, wages, and consumption does not conform with the prediction of the … representative agent with standard preferences. The residual in the intra-temporal first-order condition for commodity consumption …
Persistent link: https://www.econbiz.de/10005076681
This paper casts doubt on empirical results based on panel estimations of an “inverted-U” relationship between per capita GDP and pollution. Using a new data set for OECD countries on carbon dioxide emissions for the period 1960-1997, we find that the crucial assumption of homogeneity across...
Persistent link: https://www.econbiz.de/10005062471
Strategies for trade liberalization in developing countries when time preference rates are heterogeneous across countries are examined in the context of endogenous growth. The paper concludes that the best strategy for a developing country with the higher rate of time preference is generally the...
Persistent link: https://www.econbiz.de/10005062616
captured in the growth equation by the changes of the mean logarithmic deviation (MLD or Theil’s second measure) of the income …, implying that increases in income inequality may be unambiguously associated with temporary increases in a country’s growth …-run effects of income inequality may suffer from aggregation bias if the temporary effects of the MLD changes are not considered …
Persistent link: https://www.econbiz.de/10005555988
This paper explores the role of group heterogeneity in collective action among forest communities in northwestern … Himalayas. Based on data from 54 forest communities in Himachal Pradesh, India, this paper finds that heterogeneity has at least … that cooperation need not depend on caste parochialism, that very high levels of wealth heterogeneity can reduce …
Persistent link: https://www.econbiz.de/10005556168