Showing 1 - 9 of 9
This paper aims at providing a critical assessment of the new ‘Farmerian’ economics, i.e. the recent Farmer’s attempt to provide a new micro-foundation of the General Theory grounded on modern search and business cycle theories. Specifically, I develop a theoretical model that summarizes...
Persistent link: https://www.econbiz.de/10009021709
the social elasticity of the matching function with respect to unemployment. …
Persistent link: https://www.econbiz.de/10011157018
In this paper, we implement Bayesian econometric techniques to analyze a theoretical framework built along the lines of Farmer's micro-foundation of the General Theory. Specifically, we test the ability of a demand-driven search model with self-fulfilling expectations to match the behaviour of...
Persistent link: https://www.econbiz.de/10011109526
This paper introduces a model of efficiency-wage competition along the lines put forward by Hahn (1987). Specifically, I analyse a two-firm economy in which employers screen their workforce by means of increasing wage offers competing one another for high-quality employees. The main results are...
Persistent link: https://www.econbiz.de/10011109551
In this paper, we explore the fluctuations of unemployment and vacancies in the Italian labour market over the last … line with previous findings on the unemployment volatility puzzle, we find that the labour market tightness indicator is …
Persistent link: https://www.econbiz.de/10011111175
economic aspects. Specifically it attempted to classify and measure various types of institutions based on a theoretical …
Persistent link: https://www.econbiz.de/10008476377
Johansen-Juselius cointegration technique and the Granger causality test. The study results indicate that Institutions and … the causality between Institutions and growth is uni-directional. However, there is no short run causality from … Institutions to growth and vice versa. Therefore, as a policy implication that institutional quality may cause to the sustainable …
Persistent link: https://www.econbiz.de/10008567653
measure the single dimensions affects economic growth. The results show that over all, institutions promote growth in long run … institutions. …
Persistent link: https://www.econbiz.de/10008567670
The role of institutions in promoting economic growth and development has generated considerable interest among … researchers and practitioners in recent years. This paper explores the role of state institutions in promoting growth using a GMM … econometric model. Specifically it attempted to test impact of two dimensions of institutions on growth using recently developed …
Persistent link: https://www.econbiz.de/10008567678