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Unoberserved Components Models for Quarterly German GDP

Flaig, Gebhard - CESifo - 2002

In this paper, an Unobserved Components Model is employed to decompose German real GDP into the trend, cycle and …

Persistent link: https://www.econbiz.de/10005405783

The Hodrick-Prescott Filter with a Time-Varying Penalization Parameter. An Application for the Trend Estimation of Global Temperature.

Blöchl, Andreas; Flaig, Gebhard - CESifo - 2014

with a reliable estimation of the trend component at the end of the data sample. To this end we employ time-varying values … of the flexible penalization the trend component of temperature is still increasing, possibly with a somewhat lower pace. …

Persistent link: https://www.econbiz.de/10010734331

Trend and Cycles in U.S. Real GDP

Flaig, Gebhard - CESifo - 2001

In this paper an Unobserved Components Model is employed to decompose U.S. real GDP into trend and cycle components … the long-run development during the last 50 years can be represented by a segmented linear trend with a break in the drift …

Persistent link: https://www.econbiz.de/10005196244

Economic Growth in Africa: Comparing Recent Improvements with the "lost 1980s and early 1990s" and Estimating New Growth Trends

Leibfritz, Willi; Flaig, Gebhard - CESifo - 2013

in many countries and more needs to be done to make growth more “inclusive”.In the second part we estimate the trend … the growth rates of GDP trend. For Africa as a hole and for most countries we find relatively low trend growth rates until … the mid-nineties. Since then the trend growth rates rose remarkably - for Africa from 2 % to about 5 %. In the last five …

Persistent link: https://www.econbiz.de/10010641423

The Effects of Test-Based Retention on Student Outcomes Over Time : Regression Discontinuity Evidence from Florida

Schwerdt, Guido - 2013

A growing number of American states require that students who do not demonstrate basic reading proficiency at the end of third grade be retained and provided with remedial services. We exploit a discontinuity in the probability of third grade retention under Florida's test-based promotion policy...

Persistent link: https://www.econbiz.de/10013082625

Fixed Effects and Random Effects Estimation of Higher-Order Spatial Autoregressive Models with Spatial Autoregressive and Heteroskedastic Disturbances

Badinger, Harald - 2014

This paper develops a unified framework for fixed and random effects estimation of higher-order spatial autoregressive panel data models with spatial autoregressive disturbances and heteroskedasticity of unknown form in the idiosyncratic error component. We derive the moment conditions and...

Persistent link: https://www.econbiz.de/10013051285

How Productive is Public Capital? A Meta-Analysis

Bom, Pedro; Ligthart, Jenny E. - 2021

The paper analyzes the contribution of public capital to private output using several meta-analytical techniques. Both fixed and random effects models are estimated by Weighted Least Squares. Sample overlap across studies is explicitly controlled for by employing a 'full' Generalized Least...

Persistent link: https://www.econbiz.de/10013316601

Wages, Unemployment, and the Underground Economy

Kolm, Ann-Sofie; Larsen, Birthe - CESifo - 2003

While examining the macroeconomic effects of increased government control of the informal sector, this paper develops a two-sector general equilibrium model featuring matching frictions and worker-firm wage bargaining. Workers search for jobs in both the formal and the informal sector. We...

Persistent link: https://www.econbiz.de/10005766198

Grey Matters : Charting the Development of the Shadow Economy

MacGéidigh, Donal - 2017

The shadow economy has long been an area of research for policymakers. The determinants of underground activity of late have been identified as high tax burdens and increased regulation, but has this relationship always existed? This seminal work examines the shadow economy in Norway, Sweden,...

Persistent link: https://www.econbiz.de/10012964698

Implausible Large Differences in the Sizes of Underground Economies in Highly Developed European Countries? A Comparison of Different Estimation Methods

Schneider, Friedrich - 2017

In this paper, first, the MIMIC estimation method is described and criticized and due to a double counting problem a correction is suggested. Second, the measurement methods used for National Accounts Statistics – the discrepancy method and two new micro survey methods – are described and a...

Persistent link: https://www.econbiz.de/10012952398