Showing 1 - 10 of 410
theory to construct or find a suitable bases of the kernel (null space) of the matrix and to determine the limiting … theory, enable to determine how many singular values of the estimated matrix are insignificantly different from zero and we …
Persistent link: https://www.econbiz.de/10005062540
This paper looks at the history of money and its modern form from a scientific and mathematical point of view. The approach here is to emphasize simplicity. A straightforward model and algebraic formula for a large economy analogous to the ideal gas law of thermodynamics is proposed. It may be...
Persistent link: https://www.econbiz.de/10005126382
A model is used to study the impact of ownership on productivity and wages. Data on private and public manufacturing in Turkey during the 1950-1998 period indicate that productivity is higher in the private sector.There is a close relationship between wages and productivity in the private...
Persistent link: https://www.econbiz.de/10005561408
Luego de examinar el marco teórico y conceptual de la teoría del crecimiento y del comercio internacional, se mide la eficacia de la apertura comercial impulsada por el TLCAN para fomentar el intercambio comercial. Asimismo, se evalúan los efectos de éste en el crecimiento económico de los...
Persistent link: https://www.econbiz.de/10005413001
Luego de examinar el marco teórico y conceptual de la teoría del crecimiento y del comercio internacional, se mide la eficacia de la apertura comercial impulsada por el TLCAN para fomentar el intercambio comercial. Asimismo, se evalúan los efectos de éste en el crecimiento económico de los...
Persistent link: https://www.econbiz.de/10005119236
The purpose of this paper is to reassess the standard Solow growth model,using a dynamic panel data approach. A new … methodology is chosen to deal with this problem. First, unit root tests for individual country time series were run. Second, panel … data unit root and cointegration tests were performed. Finally, the panel cointegration dynamics is estimated by DOLS …
Persistent link: https://www.econbiz.de/10005556713
Utilising panel data for 14 East European transition economies, we find support for the hypothesis that a greater …
Persistent link: https://www.econbiz.de/10005561365
This paper focuses on instrument choice while consistently estimating the returns to education in Vietnam. Using data culled from the 2 rounds of the Vietnam Living Standards Survey (VLSS), we explore different sets of exogenous instruments that rely on demand and supply side sources of...
Persistent link: https://www.econbiz.de/10005076522
In the context of interdependence of the financial markets, it becomes interesting to analyze the implications associated with the Terrorist Attacks of the 11th of September of 2001, in the USA, in terms of the development of contagion mechanisms between the main international stock exchanges....
Persistent link: https://www.econbiz.de/10005076942
We consider mean-reverting stochastic processes and build a self- consistent model for forward price dynamics and their applications in power industries. This model with stochastic volatility of the forward price is built using the ideas and equations of stochastic differential geometry in order...
Persistent link: https://www.econbiz.de/10005124894