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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
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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...
Persistent link: https://www.econbiz.de/10003850182
We study the effects of immigration on native welfare in a general equilibrium model featuring two skill types, search frictions, wage bargaining, and a redistributive welfare state. Our quantitative analysis suggests that, in all 20 countries studied, immigration attenuates the effects of...
Persistent link: https://www.econbiz.de/10010418118
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