Showing 1 - 10 of 9,185
Persistent link: https://www.econbiz.de/10003399106
Persistent link: https://www.econbiz.de/10013480845
Persistent link: https://www.econbiz.de/10003684216
Persistent link: https://www.econbiz.de/10009689290
option values, the internal rate of return - a cornerstone of classical human capital theory - is not a useful guide to …
Persistent link: https://www.econbiz.de/10012468966
the perspective of economic theory as well as from the perspective of the historical experiences of the countries under … model specification. Model uncertainty consists of two types: theory uncertainty, which relates to which growth determinants … draws from the same statistical model. We propose ways to account for both theory and heterogeneity uncertainty. Finally …
Persistent link: https://www.econbiz.de/10012470690
, and so we provide a theory of inference for linear approximations. It rests on obtaining the asymptotic distribution of …
Persistent link: https://www.econbiz.de/10012478543
This paper describes and applies econometric strategies for estimating regression models of economic share data outcomes where the shares may take boundary values (zero and one) with nontrivial probability. The main focus of the paper is on the conditional mean structures of such data. The paper...
Persistent link: https://www.econbiz.de/10012462302
The current account reversals, large recessions, and price collapses that define Sudden Stops contradict the predictions of a large class of models in which the current account is a vehicle for consumption smoothing and investment financing. This paper shows that the quantitative predictions of...
Persistent link: https://www.econbiz.de/10012466098
Over the last half-century, around the world, many nations have seen plummeting fertility rates and mounting life expectancies. These two factors are the engine behind unprecedented global aging. In this paper, we explore how the demographic transition may influence financial markets and, in...
Persistent link: https://www.econbiz.de/10012466220