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Entrepreneurship and Economic Transition

Aidis, Ruta - Tinbergen Instituut - 2003

Identification of the entrepreneur's economic function has engaged economistsfor more than 200 years. In this paper we address the issue of entrepreneurship intwo distinct ways: a) as it has historically developed within the field of economicsand b) as it develops in the transitional context. In...

Persistent link: https://www.econbiz.de/10011257634

Total Factor Productivity and the Mongolian Transition

Chessa, Antonio G.; Schouwstra, Marije C. - Tinbergen Instituut - 2005

Total Factor Productivity (TFP)is often used on the macro-economic level as an indicator of changes in efficiency of a country. In many transition economies TFP is seen to have been negative the last decade of the plan economy and starts increasing and become positive after a (quite a) few years...

Persistent link: https://www.econbiz.de/10011256958

Stone Age Equilibrium

Houba, Harold; Weikard, Hans-Peter - Tinbergen Instituut - 2009

We introduce the notion of a stone age equilibrium to study societies in which property rights are absent, bilateral exchange is either coercive or voluntary, and relative strength governs power relations in coercive exchange. We stress the importance of free disposal of goods which allows for...

Persistent link: https://www.econbiz.de/10011255884

Out of Africa: What drives the Pressure to emigrate?

Dalen, Hendrik P. van; Groenewold, George; Schoorl, … - Tinbergen Instituut - 2003

This paper evaluates the strength of social and economic forces that affect the pressure to emigrate 'out of Africa' for four distinctly different African countries (Morocco, Egypt, Senegal and Ghana). In general, great expectations about attaining a higher living standard and expected low job...

Persistent link: https://www.econbiz.de/10011255645

Trade and Growth under Limited Liberalization

Bakanova, Marina; Souza, Lúcio Vinhas de - Tinbergen Instituut - 2002

This paper studies the connection between trade and growth in the context of a partial and inconsistent liberalization process in a specific Eastern European country in transition towards market economy, namely, the Republic of Belarus. The analysis of the country trade patterns during the USSR...

Persistent link: https://www.econbiz.de/10011256548

Integrated Monetary and Exchange Rate Frameworks

Souza, Lúcio Vinhas de - Tinbergen Instituut - 2002

Here the author empirically estimates if the different monetary and exchange rate frameworks observed in the Accession Countries of Central and Eastern Europe and the Baltics do yield different outcomes in terms of level and variance of a set of nominal and real variables. The author follows and...

Persistent link: https://www.econbiz.de/10011257263

Decomposing Portfolio Value-at-Risk: A General Analysis

Hallerbach, Winfried G. - Tinbergen Instituut - 1999

the underlying statistical distributions, a variety of analyticalmethods and simulation-based methods are available. Aside … orhistorical and Monte Carlo simulation methods. Although these approaches to overall VaR estimation have receivedsubstantial … and incremental VaR in either a non-normal analytical setting or a MonteCarlo / historical simulation context.This paper …

Persistent link: https://www.econbiz.de/10011256282

Strategies and Evolution in the Minority Game: A Multi- Round Strategy Experiment

Linde, Jona; Sonnemans, Joep; Tuinstra, Jan - Tinbergen Instituut - 2013

This discussion paper resulted in a publication in Games and Economic Behavior (2014). Volume 86, pages 77-95. Minority games are a stylized description of strategic situations with both coordination and competition. These games are widely studied using either simulations or laboratory...

Persistent link: https://www.econbiz.de/10011256405

Adaptive Polar Sampling with an Application to a Bayes Measure of Value-at-Risk

Bauwens, Luc; Bos, Charles S.; Dijk, Herman K. van - Tinbergen Instituut - 1999

Adaptive Polar Sampling (APS) is proposed as a Markov chain Monte Carlomethod for Bayesian analysis of models with ill-behaved posteriordistributions. In order to sample efficiently from such a distribution,a location-scale transformation and a transformation to polarcoordinates are used. After...

Persistent link: https://www.econbiz.de/10011256462

In and Out of Equilibrium: Evolution of Strategies in Repeated Games with Discounting

Veelen, Matthijs van; Garcia, Julian - Tinbergen Instituut - 2010

not too rare to be found by a reasonable mutation process, and that typical simulation paths take the population from …

Persistent link: https://www.econbiz.de/10011256823