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Political electoral cycles and public investments in Brazil
Orair, Rodrigo Octávio; Gouvêa, Raphael Rocha; Leal, … - 2015
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
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Türkiye’'de Sanayi Sektörü - Iktisadi Büyüme Ilişkisinin Kaldor Hipotezi Çerçevesinde Test Edilmesi
Arisoy, Ibrahim - 2008
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
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Impacts of subsidized credit on the optimum level of post-crisis investment of Brazilian firms
Alves, Patrick Franco; Silva, Ludmilla Lorrany Mattos; … - 2018
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
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A limit theorem for copulas
Lindner, Alexander M.; Szimayer, Alexander - 2005
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
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The convergence of optimization based estimators : theory and application to a GARCH-model
Winker, Peter; Maringer, Dietmar - 2005
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
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Taylor rules for CEE-EU countries: How much heterogeneity?
Sydykova, Meerim; Stadtmann, Georg - 2015
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
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CROSS-COUNTRY INCOME DIFFERENCESAND TECHNOLOGY DIFFUSION IN ACOMPETITIVE WORLD
Irmen, Andreas - Alfred-Weber-Institut für Sozial- und … - 2008
subsidiesto innovation investments explain a country’s position in the eventual worldincome distribution. Club convergence in …
Persistent link: https://www.econbiz.de/10005868385
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Long-Run Growth and the Evolution ofTechnological Knowledge
Hakenes, Hendrik; Irmen, Andreas - Alfred-Weber-Institut für Sozial- und … - 2007
The long-run evolution of per-capita income exhibits a structural breakoften associated with the Industrial Revolution. We follow Mokyr (2002) and embedthe idea that this structural break reflects a regime switch in the evolution of technologicalknowledge into a dynamic framework, using Airy...
Persistent link: https://www.econbiz.de/10005868458
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Fixed Effects Bias in Panel Data Estimators
Buddelmeyer, Hielke; Jensen, Paul H.; Oguzoglu, Umut; … - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2008
Since little is known about the degree of bias in estimated fixed effects in panel data models, we run Monte Carlo simulations on a range of different estimators. We find that Anderson-Hsiao IV, Kiviet’s bias-corrected LSDV and GMM estimators all perform well in both short and long panels...
Persistent link: https://www.econbiz.de/10005859693
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The Empirics of Economic Growth Over Time and Across Nations: A Unified Growth Perspective
Cervellati, Matteo; Meyerheim, Gerrit; Sunde, Uwe - 2022
studied in isolation. The findings also shed new light on the role of the demographic transition for convergence patterns, the …
Persistent link: https://www.econbiz.de/10014467839