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If a group is modelled as a single Bayesian agent, what should its beliefs be? I propose an axiomatic model that connects group beliefs to beliefs of the group members. The group members may have different information, different prior beliefs and even different domains (algebras) within which...
Persistent link: https://www.econbiz.de/10010744918
his paper deal with aggregation of AR(1) micro variables driven by a common and idiosyncratic shock with random …
Persistent link: https://www.econbiz.de/10010746139
The aggregation procedure when a sample of length N is divided into blocks of length m = o(N), m ® ¥ and observations … varying levels of aggregation, has much smaller bias, permitting derivation of limiting distributional properties of suitably …
Persistent link: https://www.econbiz.de/10011071138
Social capital has emerged as a key concept on the social sciences in general and political science/public policy in particular over the last two decades or so, because, by facilitating collective action among the actors, it leads to increased levels of performance in several public policy areas...
Persistent link: https://www.econbiz.de/10005797588
This paper provides a review and critical discussion of indicators, which attempt to combine the measurement of … (GS) have merely focused on the capacity to provide utility in the future, but have not included the measurement of … failed to account for sustainability in their measurement of current well-being. The paper then critically reviews the Index …
Persistent link: https://www.econbiz.de/10010745092
approach as its measurement framework and recommended that all public bodies use the framework to “agree priorities, set …: Final Recommendations of the Equalities Review Steering Group on Measurement (CASEpaper 121), were prepared as background … papers to assist in the development of the measurement framework for the Equalities Review. It discusses the challenges in …
Persistent link: https://www.econbiz.de/10011071284
United States or Sweden. Nevertheless the contribution to the long run growth of labour productivity stemming from even the …
Persistent link: https://www.econbiz.de/10010884516
This paper uses new product-specific, micro-level US data to show that New England had lower levels of productivity in …-abundant country – has higher labour productivity contradicts the Rothbarth-Habakkuk model. We suggest Britain’s industrial success …
Persistent link: https://www.econbiz.de/10010884525
We study the productivity of US owned plants in the UK. Using a new dataset that identifies foreign and domestic MNEs …
Persistent link: https://www.econbiz.de/10010884622
companies with higher wages, higher productivity and higher capital intensity. The ‘blip up’ in new recognitions is consistent …
Persistent link: https://www.econbiz.de/10010884653