Showing 1 - 10 of 69
to forecast GDP growth of the six largest member countries is developed, using quantile regressions to construct a … probability distribution of future GDP, as opposed to mean point forecasts. This approach allows uncertainty to be assessed …
Persistent link: https://www.econbiz.de/10011276837
Uncertainty faced by households and firms affects economic activity. The rise in uncertainty since the beginning of the sovereign debt crisis in Greece could be one factor that has contributed to the steep and long-lasting recession. This paper presents a brief empirical analysis quantifying...
Persistent link: https://www.econbiz.de/10011276951
around point forecasts. The procedure is applied, by way of example, to the short-term real GDP growth forecasts generated by … the OECD Indicator Model for Germany. The empirical probability distributions of the GDP growth forecasts, derived through … the bootstrapping technique, allow the ex ante probability of, for example, a negative GDP growth forecast for the current …
Persistent link: https://www.econbiz.de/10011276958
business cycle, calling for a reassessment. This paper analyses the OECD's annual GDP growth projections for the G7 countries …
Persistent link: https://www.econbiz.de/10005045656
This paper assesses if GDP per capita is an adequate proxy as a measure of wellbeing or whether other indicators are …, but they are closely correlated with GDP per capita and are not as readily available. Illustrative calculations to ?extend … suggest that cross-country ranking of based on these indicators and GDP per capita are generally similar, although they have …
Persistent link: https://www.econbiz.de/10005045914
well as the health benefits arising from the reduction in local air pollution. The shadow price of pollution is calculated … indirectly through its impact on life expectancy. Taking into account the health benefits of mitigation policies significantly …
Persistent link: https://www.econbiz.de/10009364449
with previous studies of subjective wellbeing, show that, apart from income, the state of health, not being unemployed, and … progress with wellbeing in general, or what seems to matter for wellbeing—health, being employed and social contacts-- beyond …
Persistent link: https://www.econbiz.de/10009394365
strengthen social welfare systems and access to health and education to ensure widespread benefits from continued high growth …
Persistent link: https://www.econbiz.de/10009191040
Economists have traditionally been very cautious when studying the interaction between employment and health because of … the two-way causal relationship between these two variables: health status influences the probability of being employed … and, at the same time, working affects the health status. Because these two variables are determined simultaneously …
Persistent link: https://www.econbiz.de/10011276795
Belgium has a good record in delivering accessible care, but adaptation to population ageing will be complicated by the fragmentation of responsibilities in the healthcare system and a strong reliance on government regulations. The organisation of the system could be rationalised by giving...
Persistent link: https://www.econbiz.de/10011276825