Showing 1 - 10 of 292
In this paper we use unit roots/cointegration analysis and time-varying parameters procedures to test for a common growth path in the ex-communist block, both pre- and post-reform. We test whether there has been convergence within the block and between the block as a group and the West....
Persistent link: https://www.econbiz.de/10005123521
Stochastic frontier production functions are estimated for Bulgarian (1993–5) and Romanian (1994–5) manufacturing industries using firm-level panel data. The technical efficiency of firms is found to vary significantly both within and across industrial sectors in each country. We find strong...
Persistent link: https://www.econbiz.de/10005792075
-components and the role of switches between import and export parity pricing of maize is investigated and found significant for five …
Persistent link: https://www.econbiz.de/10011084277
We extend the method of indirect inference testing to data that is not filtered and so may be non-stationary. We apply the method to an open economy real businss cycle model on UK data. We review the method using a Monte Carlo experiment and find that it performs accurately and has good power.
Persistent link: https://www.econbiz.de/10011083255
We propose a numerical method, based on indirect inference, for checking the identification of a DSGE model. Monte Carlo samples are generated from the model's true structural parameters and a VAR approximation to the reduced form estimated for each sample. We then search for a different set of...
Persistent link: https://www.econbiz.de/10011084568
We analyse the impact on schooling outcomes of growing up in a family headed by a single mother. Growing up in a non-intact family in Germany is associated with worse outcomes in models that do not control for possible correlations between common unobserved determinants of family structure and...
Persistent link: https://www.econbiz.de/10005498067
Cultural factors and especially common languages are well-known determinants of trade. By contrast, the knowledge of foreign languages was not explored in the literature so far. We combine traditional gravity models with data on fluency in the main languages used in EU and candidate countries....
Persistent link: https://www.econbiz.de/10005791825
calculating export tax equivalents while allowing for inequality constraints on the quota premium estimates. We also introduce …
Persistent link: https://www.econbiz.de/10005788877
Bayesian estimation and prediction procedure that allows for the possibility of new breaks over the forecast horizon, taking …
Persistent link: https://www.econbiz.de/10005791366
, suggesting that this approach delivers sharper inference compared to the estimation of the linearised model. We also show that … initial conditions selected within our estimation sample. …
Persistent link: https://www.econbiz.de/10005067383