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Foreign Direct Investment and Economic Growth in Bolivia, 1990- 1998
Flexner, Nikolai - EconWPA - 2003
This paper employs ordinary least squares (OLS) estimation to examine the determinants of foreign direct investment (FDI) and the effect of FDI on per capita GDP growth in Bolivia over the period 1990:1-1998:4. The regression results find that the real effective multilateral exchange rate, the...
Persistent link: https://www.econbiz.de/10005561297
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Do public sector reforms get rusty? An empirical analysis on privatization of solid waste collection
Bel, Germa; Costas, Anton - EconWPA - 2004
concentration and bidding competition decrease in the privatized sector may have outweighed eventual gains coming from privatization …. On the other hand, the threat that privatization may represent for public unit managers may have stimulated them to … recent privatization are associated with lower costs. Instead, old privatization is not associated with lower costs. …
Persistent link: https://www.econbiz.de/10005125882
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Sviluppo e riforme in Cile: apertura commerciale, fondi pensione e privatizzazione dei servizi/REFORMS AND DEVELOPMENT IN CHILE: Macro considerations on Int'l Trade, Pension Funds...
Panizza, Andrea de - EconWPA - 2003
This paper examines the growth pattern followed by the Chilean economy with reference to the macroeconomic reforms undertaken during the Pinochet regime, which were largely maintained by successive democratic administrations and partially reproduced by neighbouring countries. The focus is on the...
Persistent link: https://www.econbiz.de/10005126348
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Privatization in Sub-Saharan Africa: Some Lessons from Experiences to Date
Buchs, Thierry - EconWPA - 2005
Privatization became a central element of economic reforms in most countries in Sub-Saharan Africa during the 1990s …. Yet, empirical evidence regarding the impact of privatization remains scarce. Since the seminal work of CAMPBELL … a time when public opposition to further privatization is growing, this paper aims at giving a broad overview of the …
Persistent link: https://www.econbiz.de/10005413292
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Rank Test Based On Matrix Perturbation Theory
Ratsimalahelo, Zaka - EconWPA - 2003
In this paper, we propose methods of the determination of the rank of matrix. We consider a rank test for an unobserved matrix for which an estimate exists having normal asymptotic distribution of order N1/2 where N is the sample size. The test statistic is based on the smallest estimated...
Persistent link: https://www.econbiz.de/10005556321
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Inference on a Structural Parameter in Instrumental Variables Regression with Weak Instruments
Wang, Jiahui; Zivot, Eric - EconWPA - 1996
In this paper we consider the problem of making inference on a structural parameter in instrumental variables regression when the instruments are only weakly correlated with the endogenous explanatory variables. Adopting a local-to-zero assumption as in Staiger and Stock (1994) on the...
Persistent link: https://www.econbiz.de/10005556384
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Elusive effects of unemployment on happiness
Böckerman, Petri; Ilmakunnas, Pekka - EconWPA - 2005
This paper explores the connection between unemployment and subjective well-being in Finland by using cross-sections for the years 1990, 1996 and 2000 from World Values Surveys. An unprecedented increase in the national unemployment rate (from 3 to 17 per cent) did not produce a drop in the mean...
Persistent link: https://www.econbiz.de/10005556758
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The Porter Hypothesis Revisited: A Literature Review of Theoretical Models and Empirical Tests
Wagner, Marcus - EconWPA - 2004
The debate on the relationship between environmental regulation and competitiveness has been a topic of discussion for a number of years now. As early as 1991, the American economist Michael E. Porter proposed that stringent environmental regulation (under the condition that it is efficient) can...
Persistent link: https://www.econbiz.de/10005556930
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MONEY AND OUTPUT INTERRACTION IN NIGERIA
NWAOBI, DR.GODWIN CHUKWUDUM - EconWPA - 2004
THIS PAPER DERIVES AND ESTIMATES A BARRO-TYPE REDUCED-FORM EQUATION FOR DOMESTIC REAL OUTPUT FROM A SIMPLE STRUCTURAL MODEL OF AN OPEN DEVELOPING ECONOMY IN WHICH MARKETS CLEAR CONTINUOUSLY AND EXPECTATIONS ARE RATIONAL. THE FORM IN WHICH OPEN ECONOMY VARIABLES APPEARED WAS EXPLICITLY DERIVED...
Persistent link: https://www.econbiz.de/10005561194
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Uncertainty, Indeterminacy and Shannon's Derivation of Entropy: Implications for Policy Administration - A Systems Theoretical Approach
Author: A.G. Perison - EconWPA - 2001
Most prices and interest rates display fluctuating levels that embody extractable energy and equivalent amounts of money. Such fluctuations are also associated with varying degrees of uncertainty. Shannon's derivations of spectral entropy and information content offer computational techniques...
Persistent link: https://www.econbiz.de/10005561278