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Demographic Structure and Macroeconomic Trends
Aksoy, Yunus; Basso, Henrique S.; Smith, Ron; Grasl, Tobias - 2021
The effect of changes in demographic structure on medium-run trends of key macroeconomic variables is estimated using a Panel VAR of 21 OECD economies. The panel data variability assists the identification of direct effects of demographics, while the dynamic structure uncovers long-term effects....
Persistent link: https://www.econbiz.de/10013315503
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Ageing and Productivity Growth : Are There Macro-Level Cohort Effects of Human Capital?
Werding, Martin - 2021
demographics and the productivity of those who will still be active during the up-coming period of demographic ageing. As … productivity is difficult to investigate at a micro level, the paper builds on a large macro-data panel covering developed as well … output per worker as well as on total factor productivity (TFP). The results confirm earlier findings by Feyrer (2007 …
Persistent link: https://www.econbiz.de/10013316605
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Diversification, Risk Aversion and Expectation in a Holdout Scenario
Eggert, Wolfgang - 2015
investor to hold out. This model shows that the investment decision is based on the portfolio structure, risk aversion and …
Persistent link: https://www.econbiz.de/10013013489
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Diversification, Dutch Disease, and Economic Growth : Options for Uganda
Gylfason, Thorvaldur - 2014
different from other oil-rich countries. In five main ways, all of which suggest the need for economic diversification as an … efficient risk management strategy, the Dutch disease manifests itself through (i) An appreciation of the local currency in real … to economic development, including human and social capital. The need for diversification can be viewed in terms of …
Persistent link: https://www.econbiz.de/10013040480
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Synchronization and Changes in International Inflation Uncertainty
Henzel, Steffen - 2013
We investigate the international linkages of inflation uncertainty in the G7. In a first step, we document that inflation uncertainty in the G7 is intertwined. Moreover, the degree of synchronization has increased during the recent two decades. Second, based on a Factor-Structural Vector...
Persistent link: https://www.econbiz.de/10013082970
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Labor Market Regulation and the Legal System
Hefeker, Carsten - 2007
When enacting labor market regulation governments face courts that interpret and implement the legal code. We show that the incentives for governments for labor market reform increase with the uncertainty that is involved in the implementation of legal codes through courts. Given that judges...
Persistent link: https://www.econbiz.de/10012776582
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The Efficiency of Educational Production : A Comparison of the Nordic Countries with Other OECD Countries
Bogetoft, Peter - 2015
Focusing in particular on upper secondary education, this paper examines whether the relatively high level of expenditure on education in the Nordic countries is matched by high output from the educational sector, both in terms of student enrolment and indicators of output quality in the form of...
Persistent link: https://www.econbiz.de/10013013696
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Aggregate Multi-Factor Productivity : Measurement Issues in OECD Countries
Égert, Balázs - 2018
This paper analyses for 34 OECD countries the extent to which the calculation of aggregate multi-factor productivity …
Persistent link: https://www.econbiz.de/10012920760
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The Quantification of Structural Reforms : Extending the Framework to Emerging Market Economies
Égert, Balázs - 2018
This paper estimates and quantifies the impact of structural reforms on per capita income for a large set of OECD and non-OECD countries. The findings suggest that the quality of institutions matters to a large extent for economic outcomes. More competition-friendly regulations, as measured by...
Persistent link: https://www.econbiz.de/10012920765
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Firm-Specific Productivity Risk Over the Business Cycle : Facts and Aggregate Implications
Bachmann, Ruediger - 2009
question in the context of a heterogeneous-firm RBC model with persistent firm-level productivity shocks and lumpy capital …
Persistent link: https://www.econbiz.de/10013154684