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Labour Market Institutions and the Employment Intensity of Output Growth - An International Comparison
Rottmann, Horst; Flaig, Gebhard - 2021
This paper deals with the effects of labour market institutions on labour market performance. We analyse as an indicator for the labour intensity of output growth the employment threshold (the minimum growth rate of output necessary to keep employment constant). We show for a sample of 17 OECD...
Persistent link: https://www.econbiz.de/10013316632
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The Economic Effects of Direct Democracy - A First Global Assessment
Blume, Lorenz; Müller, Jens; Voigt, Stefan - 2021
general democracy index for 87 countries shows that a higher degree of direct democracy leads to lower budget deficits and …
Persistent link: https://www.econbiz.de/10013316691
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Determinants of Direct Democracy
Fiorino, Nadia; Ricciuti, Roberto - 2021
the estimation technique. Political rights and stability also work as prerequisites to direct democracy. Direct democracy …This paper investigates on the demographic, economic, political and cultural determinants of direct democracy in 87 … countries using an index of direct democracy. The test is interesting since there are important variations across these …
Persistent link: https://www.econbiz.de/10013316998
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Does Democracy Make Taller Men? Cross-Country European Evidence
Batinti, Alberto; Costa-Font, Joan - 2021
We study whether a democracy improves a measure of individual wellbeing; human heights. Drawing on individual …-level datasets, we test the hypothesis using a battery of eight different measures of democracy and derived averages, and include … models accounting for several confounders, regional and cohort fixed effects. We document that democracy - or its quality …
Persistent link: https://www.econbiz.de/10013310764
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Real-Time Forecasting Using Mixed-Frequency Vars with Time-Varying Parameters
Heinrich, Markus - 2020
This paper provides a detailed assessment of the real-time forecast accuracy of a wide range of vector autoregressive models (VAR) that allow for both structural change and indicators sampled at different frequencies. We extend the literature by evaluating a mixed-frequency time-varying...
Persistent link: https://www.econbiz.de/10012842676
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Persistence, Non-Linearities and Structural Breaks in European Stock Market Indices
Caporale, Guglielmo Maria - 2019
This paper examines persistence, structural breaks and non-linearities in the case of five European stock market indices, namely the FTSE100 (UK), DAX30 (Germany), CAC40 (France), IBEX35 (Spain) and FTSE MIB40 (Italy), using fractional integration methods. The empirical results provide no...
Persistent link: https://www.econbiz.de/10012866377
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Forecasting with Panel Data : Estimation Uncertainty Versus Parameter Heterogeneity
Pesaran, M. Hashem; Pick, Andreas; Timmermann, Allan - 2022
We develop novel forecasting methods for panel data with heterogeneous parameters and examine them together with existing approaches. We conduct a systematic comparison of their predictive accuracy in settings with different cross-sectional (N) and time (T) dimensions and varying degrees of...
Persistent link: https://www.econbiz.de/10013292495
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Non-Linearities and Persistence in US Long-Run Interest Rates
Caporale, Guglielmo Maria; Gil-Alana, Luis A.; … - 2021
-August 2020, the other from the ECB reporting average monthly values over the period January 1900-August 2020. The estimation …
Persistent link: https://www.econbiz.de/10013314848
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Imputing Monthly Values for Quarterly Time Series. An Application Performed with Swiss Business Cycle Data
Abberger, Klaus; Graff, Michael; Müller, Oliver; … - 2023
This paper documents a comparative application of algorithms to deal with the problem of missing values in higher frequency data sets. We refer to Swiss business tendency survey (BTS) data which are conducted in both monthly and quarterly frequency, where an information sub-set is collected at...
Persistent link: https://www.econbiz.de/10014262560
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Gold and Silver as Safe Havens : A Fractional Integration and Cointegration Analysis
Caporale, Guglielmo Maria; Gil-Alana, Luis A. - 2022
This paper investigates whether gold and silver can be considered safe havens by examining their long-run linkages with 22 stock price indices. More specifically, the stochastic properties of the differential between gold/silver prices and 22 stock indices are analysed applying fractional...
Persistent link: https://www.econbiz.de/10014241989