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not invariant with respect to the investigated sample period. -- Purchasing power parity ; Panel cointegration ; Wild …
Persistent link: https://www.econbiz.de/10009612044
Using 1985-1999 data from the German Socio-Economic Panel Study (GSOEP) to analyze wages we confirm the hypothesis that …
Persistent link: https://www.econbiz.de/10009620769
,096 respondents, aged 50 years and over, is drawn from the annual collections of data of the German Socio-Economic Panel Study (GSOEP … may be sufficient to rely on self-assessments of health at one point of time instead of using panel data. -- Mortality …
Persistent link: https://www.econbiz.de/10009626677
Persistent link: https://www.econbiz.de/10001918993
correction models ; panel cointegration analysis ; bootstrap …
Persistent link: https://www.econbiz.de/10009612036
Healthcare expenditure has increased substantially in all western industrialized countries in the last decades. The necessity to contain the increase in health care expenditure has motivated the Analysis of its determinants to explain differences across countries and health systems. However,...
Persistent link: https://www.econbiz.de/10009612045
In this paper a two-sector growth model allowing indeterminacy to occur at relatively mild degrees of increasing returns is developed. It is shown that these economies of scale need only be present in one sector of the economy (investment). This feature of the model, therefore, builds on...
Persistent link: https://www.econbiz.de/10009659067
We apply a dynamic general equilibrium model to the period of the Great Depression. In particular, we examine a modification of the real business cycle model in which the possibility of indeterminacy of equilibria arises. In other words, agents' self-fulfilling expectations can serve as a...
Persistent link: https://www.econbiz.de/10009621410
We give sufficient conditions for a non-zero sum discounted stochastic game with compact and convex action spaces and with norm-continuous transition probabilities, but with possibly unbounded state space to have a N ash equilibrium in homogeneous Markov strategies that depends in a Lipsehitz...
Persistent link: https://www.econbiz.de/10009627284
This paper constructs a small open economy version of the two sector Benhabib-Farmer (1996) indeterminacy model. It can be shown that sunspot equilibria arise at significantly lower magnitude of increasing returns to scale than in the original dosed economy model. Furthermore, if a mix of...
Persistent link: https://www.econbiz.de/10009580484