Showing 1 - 10 of 62
This paper provides new evidence for the empirical literature that investigates the presence of political cycles in fiscal policy and, more precisely, public investments in Brazil. The approach differs from most of the studies for applying the state-space modeling. The greatest benefit is to...
Persistent link: https://www.econbiz.de/10012234214
This study first provides an outline of Kaldor's growth model and then tests its relevance to the economic experience of Turkey during the period 1963-2005 by using cointegration and causality tests. Kaldor's first law states that manufacturing is the engine of economic growth, whereas the...
Persistent link: https://www.econbiz.de/10010320573
This paper summarizes previous results on the productivity of public capital. In recent literature, Aschauer's (1989) estimate for the productivity of public capital is often considered too high and the size of the effect is still open to debate. However, the positive effect of public capital on...
Persistent link: https://www.econbiz.de/10012503009
Firms' investment decisions involve analyzing prices, products, technologies, productive capacity and the availability of credit. These and other factors were greatly impacted by the 2009 post-crisis economic environment in Brazil. We measure the after crisis impacts of subsidized credit on the...
Persistent link: https://www.econbiz.de/10012234243
We derive Taylor rates for those CEE-EU countries which are not part of the Eurozone. The degree of heterogeneity decreased tremendously over time (2005 - 2015). Nevertheless, the business cycles are still not fully synchronized. As a consequence, joining the Eurozone seems to be premature and...
Persistent link: https://www.econbiz.de/10011390576
The convergence of estimators, e.g. maximum likelihood estimators, for increasing sample size is well understood in … many cases. However, even when the rate of convergence of the estimator is known, practical application is hampered by the … convergence of the estimator itself with the analysis of the convergence of stochastic optimization algorithms, e.g. threshold …
Persistent link: https://www.econbiz.de/10010297265
We characterize convergence of a sequence of d-dimensional random vectors by convergence of the one-dimensional margins … freedom, and to the convergence of certain dependence measures of bivariate distributions. …
Persistent link: https://www.econbiz.de/10010276838
Economic convergence of the new member states (NMS) of the EU towards the old EU countries (EU-15), not only in terms … indebtedness. At the same time we evaluate the impact of convergence on the EU-15 countries also, by endogenising offshoring and … process of convergence. We find that in a general equilibrium setting fears of large adverse effects of a relocation of EU-15 …
Persistent link: https://www.econbiz.de/10012502995
In dieser Arbeit werden die Auswirkungen einer Ersetzung von fehlenden Werten auf das Ergebnis einer Regressionsanalyse untersucht. Grundlage ist eine Untersuchung von Klasen (2000) über die Unterschiede im Zusammenhang zwischen Unterernährung und Kindersterblichkeit in Afrika und Südasien....
Persistent link: https://www.econbiz.de/10010263508
This paper presents a model of emergent class structure, in which a society inhabited by inherently identical households may be endogenously split into the rich bourgeoisie and the poor proletariat. For some parameter values, the model has no steady state where all households remain equally...
Persistent link: https://www.econbiz.de/10010266319