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Comparing Consumption-based Asset Pricing Models: The Case of an Asian City
Kwan, Yum K.; Leung, Charles Ka Yui; Dong, Jinyue - Volkswirtschaftliche Fakultät, … - 2014
Eight consumption-based asset pricing models are developed, estimated and compared their capacities in accounting for the asset markets in Hong Kong. Results based on conventional metrics or recently developed econometric techniques deliver similar results: introducing housing into the...
Persistent link: https://www.econbiz.de/10011107741
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European Union Economy System Dynamic Model Development
Skribans, Valerijs - Volkswirtschaftliche Fakultät, … - 2012
The formation of the European Union (EU) is the one of the biggest political – economic events of the last 50 years. The aim of this study is to develop EU economy functioning system dynamic model. Main research method is system dynamics. General scheme of EU economy system dynamic model is...
Persistent link: https://www.econbiz.de/10011259562
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Macroeconomic Impact of Population Aging in Japan: A Perspective from an Overlapping Generations Model
Muto, Ichiro; Oda, Takemasa; Sudo, Nao - Volkswirtschaftliche Fakultät, … - 2012
Due to a sharp decline in the fertility rate and a rapid increase in longevity, Japan's population aging is the …-fledged overlapping generations model. Our model replicates well the time paths of Japan’s macroeconomic variables from the 1980s to the … 2000s and yields future paths for these variables over a long horizon. We find that Japan’s population aging as a whole …
Persistent link: https://www.econbiz.de/10011259966
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Modelo de ciclo de negocios real con dinero endógeno y pasivo
Guberman, Carlos; Cymbler, David - Volkswirtschaftliche Fakultät, … - 2014
We built a real business cycle model with inside money and passive monetary policy that shows some interesting features regarding interest rate dynamics and credit market behavior. We find that the model is stable, a feature that was difficult to find in the literature on passive money. We think...
Persistent link: https://www.econbiz.de/10011113678
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An Interpretation of An Affine Term Structure Model for Chile
Juan Marcelo, Ochoa - Volkswirtschaftliche Fakultät, … - 2006
This paper attempts to provide an economic interpretation of the factors that drive the movements of interest rates of bonds of different maturities in a continuous-time no arbitrage term structure model for Chile. The dynamics of yields in the model are explained by two latent factors, namely...
Persistent link: https://www.econbiz.de/10005789515
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Nüfus Yapısındaki Değişimlerin Uzun Dönem Konut Talebi Üzerindeki Etkileri
ARSLAN, Yavuz; CERİTOĞLU, Evren; KANIK, Birol - Volkswirtschaftliche Fakultät, … - 2013
In this study, we investigate the effects of age structure dynamics of population on the housing demand in Turkey. The critical question is how the housing demand moves in the environment of positive population growth with declining rate and aging population. We use TurkStat Household Budget...
Persistent link: https://www.econbiz.de/10011259761
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Demographic pressure, excess labour supply and public-private sector employment in Egypt - Modelling labour supply to analyse the response of unemployment, public finances and welf...
Peeters, Marga - Volkswirtschaftliche Fakultät, … - 2011
The demographic structure of Egypt has the form of a pyramid, indicating that labour supply will grow at a relatively high rate for many years to come. Unless emigration flows will rise, Egypt needs to create jobs at a much higher pace than most other countries around the globe to absorb the new...
Persistent link: https://www.econbiz.de/10009025325
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Role of Education and Skill Development for Sustainable Development
Chakrabarty, Aritra - Volkswirtschaftliche Fakultät, … - 2012
The Indian economy is widely expected to grow at sustained high rates over the next few decades and emerge as the second largest economy by 2050. These robust projections have much to do with the demographic profile of the country. India is slated to have one of the youngest populations, with...
Persistent link: https://www.econbiz.de/10011111520
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Age-appropriate information technology on the advance: Putting paid to olden times
Heng, Stefab - Volkswirtschaftliche Fakultät, … - 2009
Ageing society opens up enormous economic potential. Whereas for a long time social interpretation homed in on the doomsday scenarios of demographic change, it is the economic potential that is now emerging with increasing clarity. Information and communication technologies stand a good chance...
Persistent link: https://www.econbiz.de/10008556303
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Ageing and Export Dependency
Vistesen, Claus - Volkswirtschaftliche Fakultät, … - 2009
empirical analysis is presented on Germany and Japan to show how these two economies, as the oldest in the world, may exactly be …
Persistent link: https://www.econbiz.de/10008544694