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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...
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panel cointegration framework. Besides the traditional determinants of cash demand like transactions balances and …
Persistent link: https://www.econbiz.de/10012291866
within a panel cointegration framework. Besides the total net issues, we distinguish between large, medium and small euro … purposes, we also present panel results for eight non-euro area countries (Australia, Canada, Japan, Norway, Sweden …
Persistent link: https://www.econbiz.de/10011872942
Does the supply of a welfare state create its own demand? Many economic scholars studying welfare arrangements refer to Say's law and insinuate a self-destructive welfare state. However, little is known about the empirical validity of these assumptions and hypotheses. We study the dynamic effect...
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hypotheses are tested for a cross-section of 120 countries and a panel of 70 countries for the period 1994-2002. Our results show …
Persistent link: https://www.econbiz.de/10003300991