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An assessment of the impact of HIV/AIDS on economic growth : the case of Kenya

Were, Maureen; Nafula, Nancy N. - 2003

poverty reduction initiatives. HIV/AIDS is fast eroding the health benefits, which Kenya gained in the first two decades of … Kenya. Within this framework, the paper attempts to analyse the impact of HIV/AIDS on Kenya s economic growth by way of …HIV/AIDS pandemic in Africa has been closely associated with adverse economic effects, and could thwart the success of …

Persistent link: https://www.econbiz.de/10011509459

Natural volatility, welfare and taxation

Posch, Olaf (contributor); Wälde, Klaus (contributor) - 2006

Persistent link: https://www.econbiz.de/10003364359

Endogenous business cycles and growth

Wälde, Klaus - 2003

Current explanations why a growing economy necessarily goes through booms and recessions predict countercyclical R&D investment. As this is very controversial from an empirical perspective, a stochastic Poisson model of endogenous business cycles and growth is presented where the determinants of...

Persistent link: https://www.econbiz.de/10011507773

Stochastic optimal control modeling of debt crises

Stein, Jerome L. - 2003

What is an optimal or a sustainable external debt - for a country, region or sector? How should one monitor and evaluate debt to preclude a crisis? We use stochastic optimal control/dynamic programming to derive an optimal debt. The deviation of the actual from the optimal will serve as a...

Persistent link: https://www.econbiz.de/10011509487

Retirement savings in an aging society : a case for innovative government sebt management

Bohn, Henning - 2001

Aging societies will have to rely increasingly on private savings to finance retirement. The natural savings vehicles, stocks and bonds, are unfortunately lacking key risk-sharing features that are built into public retirement. Innovative government debt management can address this problem. The...

Persistent link: https://www.econbiz.de/10011398905

The dynamics of comparative advantage

Hanson, Gordon H.; Lind, Nelson; Muendler, Marc-Andreas - 2015

This paper characterizes the dynamic empirical properties of country export capabilities in order to inform modelling of the long-run behavior of comparative advantage. The starting point for our analysis is two strong empirical regularities in international trade that have previously been...

Persistent link: https://www.econbiz.de/10011392498

Stochastic optimal control, international finance and debt

Fleming, Wendell Helms; Stein, Jerome L. - 2002

We use stochastic optimal control-dynamic programming (DP) to derive the optimal foreign debt/net worth, consumption/net worth, current account/net worth, and endogenous growth rate in an open economy. Unlike the literature that uses an Intertemporal Budget Constraint (IBC) or the Maximum...

Persistent link: https://www.econbiz.de/10011410314

Stochastic intertemporal optimization in discrete time

Fleming, Wendell Helms - 2000

The standard literature concerning intertemporal optimization in international finance is based upon certainty equivalence, and ignores risk and uncertainty. It therefore is not helpful concerning risk management and evaluation of the risk involved in the holding of international short-term...

Persistent link: https://www.econbiz.de/10009781617

Calculating tragedy : assessing the costs of terrorism

Frey, Bruno S. (contributor); Lüchinger, Simon (contributor) - 2004

The trends and consequences of terrorist activities are often captured by counting the number of incidents and casualties. More recently, the effects of terrorist acts on various aspects of the economy have been analyzed. These costs are surveyed and put in perspective. As economic consequences...

Persistent link: https://www.econbiz.de/10002522665

Carbon dioxide as a risky asset

Bauer, Adam Michael; Proistosescu, Cristian; Wagner, Gernot - 2023

We develop a financial-economic model for carbon pricing with an explicit representation of decision making under risk and uncertainty that is consistent with the Intergovernmental Panel on Climate Change's sixth assessment report. We find that this approach provides economic support for the...

Persistent link: https://www.econbiz.de/10013549072

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