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Panel cointegration tests on the fiscal sustainability of German Laender
Burret, Heiko T.; Feld, Lars P.; Köhler, Ekkehard A. - 2014
by applying "gsecond generation" panel cointegration techniques. A unique identification strategy for the selection of … sub-panels improves the robustness of panel cointegration tests and reveals that Laender finances are hardly sustainable. …
Persistent link: https://www.econbiz.de/10010388585
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Ageing and productivity growth : are there macro-level cohort effects of human capital?
Werding, Martin (contributor) - 2008
Persistent link: https://www.econbiz.de/10003630859
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Federalism, fertility and growth
Borck, Rainald (contributor) - 2007
Persistent link: https://www.econbiz.de/10003624641
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Demographic structure and macroeconomic trends
Aksoy, Yunus; Basso, Henrique S.; Smith, Ron; Grasl, Tobias - 2016
Panel VAR of 21 OECD economies. The panel data variability assists the identification of direct effects of demographics …
Persistent link: https://www.econbiz.de/10011457979
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A new macroeconomic measure of human capital exploiting PISA and PIAAC : linking education policies to productivity
Égert, Balázs; De la Maisonneuve, Christine; Turner, David - 2022
This paper provides a new measure of human capital using PISA and PIAAC surveys, and mean years of schooling. The new measure is a cohort-weighted average of past PISA scores (representing the quality of education) of the working age population and the corresponding mean years of schooling...
Persistent link: https://www.econbiz.de/10013186787
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Globalisation and social spending
De Grauwe, Paul; Polan, Magdalena - 2003
We provide evidence indicating that countries with well-developed social security systems do not necessarily face a trade-off between social spending and competitiveness. On average, countries that spend a lot on social needs score well in the competitiveness league. We investigate the...
Persistent link: https://www.econbiz.de/10011506440
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Entrepreneurship, economic risks, and risk insurance in the welfare state : results with OECD data 1978-93
Ilmakunnas, Pekka; Kanniainen, Vesa - 2000
We find evidence in the OECD cross-country data to support the Knightian view that non-diversifiable economic risks shape equilibrium entrepreneurship in an occupational choice model. Differential social insurance of entrepreneurial and labor risk is found to be statistically significant and...
Persistent link: https://www.econbiz.de/10009781637
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Bootstrap panel Granger-causality between government budget and external deficits for the EU
Afonso, António; Rault, Christophe - 2009
period 1970-2007, for different EU and OECD country groupings. We use the panel-data approach of Kónya (2006), which is based … effective real exchange rate in the SUR system does not substantially alter the results. -- Panel causality tests ; budget …
Persistent link: https://www.econbiz.de/10003818006
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Long-run determinants of sovereign yields
Afonso, António; Rault, Christophe - 2010
We study sovereign bond yields in OECD countries with a dynamic panel by checking for cross-section dependence …; assessing panel cointegration; and estimating panel error-correction models. The results show that markets consider budgetary … and external imbalances and inflation as relevant determinants of sovereign yields. -- long-term yields ; panel …
Persistent link: https://www.econbiz.de/10008653417
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Identifying reduced-form relations with panel data
Vollebergh, Herman R. J.; Melenberg, Bertrand; … - 2007 - This version: September 13, 2007
The literature that tests for U-shaped relationships using panel data, such as those between pollution and income or …
Persistent link: https://www.econbiz.de/10011372978