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The Determinants of the Harare Stock Exchange (HSE) Market Capitalisation

Ilmolelian, Peter - EconWPA - 2005

This is an exploratory study that attempts to identify and provide empirical evidence on the possible determinants of the market capitalisation of the Harare Stock Exchange (HSE) with the view of understanding the development prospects of the HSE and other similar markets. The study used...

Persistent link: https://www.econbiz.de/10005119105

Replicating Microfinance in the United States: Opportunities and Challenges

Schreiner, Mark; Morduch, Jonathan - EconWPA - 2001

In developing countries, microfinance has been the darling of the development community, and in developed countries …, microfinance fits well with Third Ways ideas. What are the challenges and opportunities for the attempt to replicate microfinance … for microfinance and drive up costs. With costs well above revenues, U.S. programs are far from achieving financial self …

Persistent link: https://www.econbiz.de/10005407699

Asset Poverty in the United States, 1984-1999: Evidence from the Panel Study of Income Dynamics

Caner, Asena; Wolff, Ed - EconWPA - 2002

Using PSID data for the years 1984 to 1999, we estimate the level and severity of asset poverty. Our results indicate … that the share of asset- poor households remained almost the same and the severity of poverty increased during this period … head, and homeownership, are important determinants of asset poverty. There seems to be a downward trend in the …

Persistent link: https://www.econbiz.de/10005135007

EFFICIENCY OF INSTITUTIONS, POLITICAL STABILITY AND INCOME DYNAMICS

Carmignani, Fabrizio - EconWPA - 2005

In a simple theoretical framework, the quality of institutions affects individual’s investment decisions, and hence income levels and distribution. When institutions deteriorates and inequalities increase, the incumbent undertakes redistributive taxation to maintain political support. The...

Persistent link: https://www.econbiz.de/10005412490

Wavelets in Econometrics: An Application to Outlier Testing

Greenblatt, Seth A. - EconWPA - 1994

In recent years, wavelets have become widely used in physics, engineering, and mathematics. They have been used for signal processing, image processing, numerical computation, and data compression. Wavelets have not, however, been used very much in the fields of Economics, Econometrics, and...

Persistent link: https://www.econbiz.de/10005124893

Markov Chain Monte Carlo Simulation Methods in Econometrics

Chib, Siddhartha; Greenberg, Edward - EconWPA - 1994

We present several Markov chain Monte Carlo simulation methods that have been widely used in recent years in econometrics and statistics. Among these is the Gibbs sampler, which has been of particular interest to econometricians. Although the paper summarizes some of the relevant theoretical...

Persistent link: https://www.econbiz.de/10005124895

Fitting Equilibrium Search Models to Labor Market Data

Bowlus, Audra J.; Kiefer, Nicholas M.; Neumann, George R. - EconWPA - 1996

The essential idea of equilibrium search models of labour market behaviour is that wage policy matters. In contrast, the stylized neoclassical competitive model predicts that firms paying a wage above the competitive equilibrium will disappear; those offering less will attract no workers. The...

Persistent link: https://www.econbiz.de/10005124896

Using Expectations Data to Study Subjective Income Expectations

Dominitz, Jeff; Manski, Charles F. - EconWPA - 1994

We have collected data on the one-year-ahead income expectations of members of American households in our Survey of Economic Expectations (SEE), a module of a national continuous telephone survey conducted at the University of Wisconsin. The income- expectations questions take this form: "What...

Persistent link: https://www.econbiz.de/10005124897

Selection of the Truncation Lag in Structural VARs (or VECMs) with Long-Run Restrictions

DeSerres, Alain; Guay, Alain - EconWPA - 1995

The authors examine the issue of lag-length selection in the context of a structural vector autoregression (VAR) and a vector error-correction model with long-run restrictions. First, they show that imposing long- run restrictions implies, in general, a moving-average (MA) component in the...

Persistent link: https://www.econbiz.de/10005124898

Do gasoline prices converge in a unified Europe with non- harmonized tax rates?

Dreher, Axel; Krieger, Tim - EconWPA - 2004

The paper presents univariate and panel unit root tests for gasoline and oil price convergence over the last decade. We test for the absolute versus relative version of the LOOP and estimate the speed of convergence as well as its development over time. Our results show that the absolute version...

Persistent link: https://www.econbiz.de/10005125494

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