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Spurious Regression, Cointegration, and Near Cointegration: A Unifying Approach
Haldrup, Niels; Jansson, Michael - Tinbergen Institute - 1999
on this representation, a notion of near cointegration is proposed and three separate applications of the model of near … cointegration are provided. As a first application, we give analytical corroboration of the conjecture that the finite sample … coefficient. Hence, the notion of near cointegration helps to bridge the gap between the polar cases of spurious regression and …
Persistent link: https://www.econbiz.de/10005137044
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Evolutionary Thinking in Environmental Economics
Bergh, Jeroen C.J.M. van den - Tinbergen Institute - 2007
Evolutionary and environmental economics have a potentially close relationship. This paper reviews past and identifies potential applications of evolutionary concepts and methods to environmental economics. This covers a number of themes: resource use and ecosystem management; growth and...
Persistent link: https://www.econbiz.de/10005144510
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Structural Differences in Economic Growth
Basturk, Nalan; Paap, Richard; Dijk, Dick van - Tinbergen Institute - 2008
This paper addresses heterogeneity in determinants of economic growth in a data-driven way. Instead of defining groups of countries with different growth characteristics a priori, based on, for example, geographical location, we use a finite mixture panel model and endogenous clustering to...
Persistent link: https://www.econbiz.de/10005144578
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Economic Growth and the Volatility of Foreign Aid
Chervin, Michal; Wijnbergen, Sweder van - Tinbergen Institute - 2010
Foreign aid’s effectiveness in promoting economic growth remains mired in controversy.We examine the impact of the volatility of aid on economic growth, controlling for the level of aid. A four-year panel analysis is conducted encompassing 155 countries over the period 1966-2001. We find that...
Persistent link: https://www.econbiz.de/10008513230
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Growth Regression and Economic Theory
Elbers, Chris; Gunning, Jan Willem - Tinbergen Institute - 2002
In this note we show that the standard, loglinear growth regression specification is consistent with one and only one model in the class of stochastic Ramsey models. This model is highly restrictive: it requires a Cobb-Douglas technology and a 100% depreciation rate and it implies that risk does...
Persistent link: https://www.econbiz.de/10005137069
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Spatial Patterns of Technology Diffusion: An Empirical Analysis using TFP
Abreu, Maria; Groot, Henri L.F. de; Florax, Raymond J.G.M. - Tinbergen Institute - 2004
In this paper we employ techniques developed in spatial econometrics to analyse spatial patterns of technology diffusion, to detect clusters and to estimate theoretical models that incorporate space explicitly. These techniques correct for misspecifications resulting from the omission of spatial...
Persistent link: https://www.econbiz.de/10005136906
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Measurement Error in Education and Growth Regressions
Portela, Miguel; Alessie, Rob; Teulings, Coen - Tinbergen Institute - 2004
The perpetual inventory method used for the construction of education data per country leads to systematic measurement error. This paper analyses the effect of this measurement error on GDP regressions. There is a systematic difference in the education level between census data and observations...
Persistent link: https://www.econbiz.de/10005137275
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The Relationship between Entrepreneurship and Unemployment in Japan
Stel, André van; Thurik, Roy; Verheul, Ingrid; Baljeu, … - Tinbergen Institute - 2007
This paper examines the relationship between entrepreneurship (as measured by fluctuations in the business ownership rate) and unemployment in Japan for the period between 1972 and 2002. We find that, although Japan’s unemployment rate has been influenced by specific exogenous shocks, the...
Persistent link: https://www.econbiz.de/10005144558
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Dynamics of Chinese Comparative Advantage
Hinloopen, Jeroen; Marrewijk, Charles van - Tinbergen Institute - 2004
We analyze the dynamics of Chinese comparative advantage as measured by export shares and the Balassa index using 3-digit and 4-digit sectors for the period 1970 – 1997. We use novel tools to identify periods of rapid structural change and the persistence of comparative advantage, such as...
Persistent link: https://www.econbiz.de/10005136916
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Growing richer and taller: Explaining Change in the Distribution of Child Nutritional Status during Vietnam’s Economic Boom
O'Donnell, Owen; Nicolás, Ángel López; Doorslaer, … - Tinbergen Institute - 2007
Over a five-year period in the 1990s Vietnam experienced annual economic growth of more than 8% and a decrease of 15 points in the proportion of children chronically malnourished (stunted). We estimate the extent to which changes in the distribution of child nutritional status can be explained...
Persistent link: https://www.econbiz.de/10005137050