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Tsoukalas, John - Volkswirtschaftliche Fakultät, … - 2009

What is the role of inventories in UK manufacturing? We present and estimate a model of inventories that considers … separately finished goods and input (i.e. the sum of raw materials and work-in-process) inventories. We estimate structural … parameters which allows us to make inferences on the role of inventories in cyclical frequencies. Our results suggest that both …

Persistent link: https://www.econbiz.de/10008472236

Elasticity of substitution and technical progress: Is there a misspecification problem?

Saltari, Enrico; Federici, Daniela - Volkswirtschaftliche Fakultät, … - 2013

In Saltari et al. (2012, 2013) we estimated a dynamic model of the Italian economy. The main result of those papers is that the weakness of the Italian economy in the last two decades is due to the total factor productivity slowdown. In those models the information and communication technology...

Persistent link: https://www.econbiz.de/10011109579

Elasticity of substitution and the slowdown of the Italian productivity

Saltari, Enrico; Federici, Daniela - Volkswirtschaftliche Fakultät, … - 2014

In Saltari et al. (2012, 2013) we estimated a dynamic model of the Italian economy. The main result of those papers is that the weakness of the Italian economy in the last two decades has been the total factor productivity slowdown. The aim of this paper is to investigate the roots of this...

Persistent link: https://www.econbiz.de/10011109909

Political uncertainty in a data-rich environment

Scheffel, Eric Michael - Volkswirtschaftliche Fakultät, … - 2012

We asses the general robustness of previous findings claiming that policy uncertainty exerts non-trivial influences on the US economy. Measuring the dynamic effects from a shock to policy uncertainty within a FAVAR model permits gauging the response of many more variables to policy uncertainty...

Persistent link: https://www.econbiz.de/10011110246

Elasticity of substitution and the slowdown of the Italian productivity

Saltari, Enrico; Federici, Daniela - Volkswirtschaftliche Fakultät, … - 2014

The aim of this paper is to investigate the roots of the Italian total factor productivity slowdown. The analysis focusses on the specific pattern of technical progress in determining the TFP dynamics. This analysis can not be done with the Cobb-Douglas technology but requires the employ of a...

Persistent link: https://www.econbiz.de/10011111549

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

Economic Science: From the Ideal Gas Law Economy to Piketty and Beyond

Song, Edward - Volkswirtschaftliche Fakultät, … - 2014

I start with income and wealth inequality data from the Congressional Budget Office (CBO) and Thomas Piketty, and propose approaches taken from science (for example, behavioral evolution theory,) that might be useful in explaining the data and forecasting future economic events. Using a modified...

Persistent link: https://www.econbiz.de/10011115496

Development of System Dynamic Model of Latvia’s Economic Integration in the EU

Skribans, Valerijs - Volkswirtschaftliche Fakultät, … - 2011

Joining the European Union big opportunities in the international markets have opened for Latvia. Paper purpose is to investigate influence of international integration processes on development of economy of Latvia. Latvia's incoming in EU increased the amount of received means from structural...

Persistent link: https://www.econbiz.de/10009367975

Sectoral Structural Change in a Knowledge Economy

Che, Natasha Xingyuan - Volkswirtschaftliche Fakultät, … - 2009

The sectoral composition of US economy has shifted dramatically in the recent decades. At the same time, knowledge and information capital has become increasingly important in modern production process. This paper argues that a ready explanation for the recent sectoral structural change lies in...

Persistent link: https://www.econbiz.de/10008556301

The great dissolution: organization capital and diverging volatility puzzle

Che, Natasha Xingyuan - Volkswirtschaftliche Fakultät, … - 2009

Most traditional explanations for the decreasing aggregate output volatility - so-called "Great Moderation" - fail to accommodate, or even directly contradict, another aspect of empirical data: the average sales volatility for publicly-traded US firms has been increasing during the same period....

Persistent link: https://www.econbiz.de/10005619779