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On the power and weakness of rational expectations: Logical fallacies, periodic bubbles and business cycles
Gracia, Eduard - Institut für Weltwirtschaft (IfW) - 2012
periodically impacting aggregate productivity and, as a consequence, GDP growth. …
Persistent link: https://www.econbiz.de/10010956093
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The Dynamics of Business Investment Following Banking Crises and Normal Recessions
Jannsen, Nils - Institut für Weltwirtschaft (IfW) - 2015
I empirically analyze the dynamics of business investment following normal recessions (declines in business investment that are not associated with banking crises) and banking crises. Using a panel of 16 advanced economies, I find evidence for significant non-linear trend reversion or...
Persistent link: https://www.econbiz.de/10011272151
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A Note on Banking and Housing Crises and the Strength of Recoveries
Boysen-Hogrefe, Jens; Jannsen, Nils; Meier, Carsten-Patrick - Institut für Weltwirtschaft (IfW) - 2015
level of output during the recovery, we find that normal recessions are followed by strong recoveries in advanced economies …
Persistent link: https://www.econbiz.de/10011141148
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A simple decomposition of the variance of output growth across countries
Reicher, Christopher - Institut für Weltwirtschaft (IfW) - 2011
variance of its components, which is then applied to measure the relative contributions of productivity, hours per worker, and … employment to cyclical output growth across a panel of countries. Measured productivity contributes more to the cycle in Europe …
Persistent link: https://www.econbiz.de/10009132526
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Religiosity as a determinant of happiness
Opfinger, Matthias; Gundlach, Erich - Institut für Weltwirtschaft (IfW) - 2011
We find a U-shaped relation between happiness and religiosity in cross-country panel data after controlling for income levels. At a given level of income, the same level of happiness can be reached with high and low levels of religiosity, but not with intermediate levels. A rise in income causes...
Persistent link: https://www.econbiz.de/10010955857
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Social Policy Targeting and Binary Information Transfer between Surveys
Gottlieb, Daniel; Kushnir, Leonid - Institut für Weltwirtschaft (IfW) - 2009
In this paper we develop a methodology for identifying a population group surveyed latently in the (target) survey relevant for further processing, for example poverty calculations, but surveyed explicitly in another (source) survey, not suitable for such processing. Identification is achieved...
Persistent link: https://www.econbiz.de/10005083377
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The Religious Transition. A Long-run Perspective
Paldam, Martin; Gundlach, Erich - Institut für Weltwirtschaft (IfW) - 2009
to fall to about half its pre-modern level. Most components of the demand for religion are reduced by development. The … supply of religion declines once churches lose control over the institutions providing collective goods like education …
Persistent link: https://www.econbiz.de/10008458435
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The granular nature of the great export collapse in German manufacturing industries, 2008/2009
Wagner, Joachim - Institut für Weltwirtschaft (IfW) - 2012
This paper uses comprehensive high-quality panel data from official statistics for exporting enterprises to investigate the micro-structure of the recent export collapse in manufacturing industries in Germany during the crisis of 2008/2009. Almost all of the decline in exports was due to...
Persistent link: https://www.econbiz.de/10010956149
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A new method for measuring tail exponents of firm size distributions
Fujimoto, Shouji; Ishikawa, Atushi; Mizuno, Takayuki; … - Institut für Weltwirtschaft (IfW) - 2011
We propose a new method for estimating the power-law exponent of a firm size variable, such as annual sales. Our focus is on how to empirically identify a range in which a firm size variable follows a power-law distribution. As is well known, a firm size variable follows a power-law distribution...
Persistent link: https://www.econbiz.de/10009246868
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Distribution of Labour Productivity in Japan over the Period 1996-2006
Souma, Wataru; Ikeda, Yuichi; Iyetomi, Hiroshi; … - Institut für Weltwirtschaft (IfW) - 2009
The distribution of labour productivity is investigated by analyzing the longitudinal micro-level data set which … function of the second kind is applied to explain the distribution. We calculate marginal labour productivity by using the … characterizing high productivity range and low productivity range, we show that inequality of low productivity range is larger than …
Persistent link: https://www.econbiz.de/10005059045