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A New Global Index of Infrastructure: Construction, Rankings and Applications

Donaubauer, Julian; Meyer, Birgit; Nunnenkamp, Peter - Institut für Weltwirtschaft (IfW) - 2014

We construct comprehensive and comparable indices on the most relevant components of economic infrastructure. An unobserved components model is employed to cover the largest possible number of developing and developed countries over the period 1990-2010. We map major findings from the new...

Persistent link: https://www.econbiz.de/10010886848

Measuring Real Value and Inflation

Hillinger, Claude - Institut für Weltwirtschaft (IfW) - 2008

The most important economic measures are monetary. They have many different names, are derived in different theories and employ different formulas; yet, they all attempt to do basically the same thing : to separate a change in nominal value into a ?real part? due to the changes in quantities and...

Persistent link: https://www.econbiz.de/10005083401

Closing the Gap between Absolute and Relative Measures of Localization, Concentration or Specialization

Bickenbach, Frank; Bode, Eckhardt; Krieger-Boden, Christiane - Institut für Weltwirtschaft (IfW) - 2010

This paper solves one of the puzzles in the analysis of regional and industrial distributions of economic activity, the discrepancy between absolute and relative measures. It shows that the difference between an absolute and a relative Theil index of localization can be expressed in terms of...

Persistent link: https://www.econbiz.de/10008693817

Regional Inequality of Higher Education in China and the Role of Unequal Economic Development

Bickenbach, Frank; LIU, Wan-Hsin - Institut für Weltwirtschaft (IfW) - 2011

Over the past decade the scale of higher education in China has expanded substantially. Regional development policies attempted to make use of the scale expansion as a tool to reduce the inequality of higher education among different regions with different development levels through providing...

Persistent link: https://www.econbiz.de/10008922944

Structural Cohesion in Europe: Stylized Facts

Bickenbach, Frank; Bode, Eckhardt; Krieger-Boden, Christiane - Institut für Weltwirtschaft (IfW) - 2010

This paper establishes eight stylized facts on the evolution of the localization of economic activity across industries and regions in the EU-15 since 1980. Localization, which nests concentration and specialization, is measured by a Theil index. The stylized facts reveal a broad aggregate trend...

Persistent link: https://www.econbiz.de/10008784524

Measuring changes in the value of the numeraire

Reis, Ricardo; Watson, Mark W. - Institut für Weltwirtschaft (IfW) - 2007

This paper estimates a common component in many price series that has an equiproportional effect on all prices. Changes in this component can be interpreted as changes in the value of the numeraire since, by definition, they leave all relative prices unchanged. The first aim of the paper is to...

Persistent link: https://www.econbiz.de/10005755197

Disproportionality Measures of Concentration, Specialization, and Polarization

Bickenbach, Frank; Bode, Eckhardt - Institut für Weltwirtschaft (IfW) - 2006

The paper extends the methodological toolbox of measures of industrial concentration and regional specialization. First, a taxonomy is proposed which gives rise to a modular construction system for disproportionality measures based on three characteristic features: the projection function, the...

Persistent link: https://www.econbiz.de/10005818782

Incentives and Complementarities of Flexicurity

Brown, Alessio J. G.; Snower, Dennis - Institut für Weltwirtschaft (IfW) - 2009

This paper analyses how and to which degree the Danish flexicurity concept and its various elements achieve the … full Danish flexicurity set of policies (low employment protection, high unemployment benefits and workfare). Our results … show that implementing the Danish flexicurity concept in Germany would reduce unemployment and earnings inequality …

Persistent link: https://www.econbiz.de/10005079106

Volatility Spillover in the Foreign Exchange Market: The Indian Experience

Ghosh, Saurabh - Institut für Weltwirtschaft (IfW) - 2012

We find evidences of significant volatility co-movements and/ or spillover from different financial markets to forex market for Indian economy. Among a large number of variables examined, volatility spillovers from stock market, government securities market, overnight index swap, Ted spread and...

Persistent link: https://www.econbiz.de/10010886827

Bayesian Analysis of Dynamic Factor Models: An Ex-Post Approach towards the Rotation Problem

Aßmann, Christian; Boysen-Hogrefe, Jens; Pape, Markus - Institut für Weltwirtschaft (IfW) - 2014

Due to their indeterminacies, static and dynamic factor models require identifying assumptions to guarantee uniqueness of the parameter estimates. The indeterminacy of the parameter estimates with respect to orthogonal transformations is known as the rotation problem. The typical strategy in...

Persistent link: https://www.econbiz.de/10010886957