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Exponential growth bias in the prediction of COVID-19 spread and economic expectation
Banerjee, Ritwik; Majumdar, Priyama - 2020
Exponential growth bias (EGB) is the pervasive tendency of people to perceive a growth process as linear when, in fact, it is exponential. In this paper, we document that people exhibit EGB when asked to predict the number of COVID-19 positive cases in the future. The bias is positively...
Persistent link: https://www.econbiz.de/10012288390
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Intangible knowledge capital and innovation in China
Fleisher, Belton M.; McGuire, William; Smith, Adam Nicholas - 2013
Intangible knowledge capital (IKC) - technology produced by workers but not embodied in them - can offset the "middle income trap" as China exhausts the benefits of international technology transfer. IKC is productivity-enhancing among Chinese enterprises - more so in domestically owned than in...
Persistent link: https://www.econbiz.de/10010224593
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Rebalancing growth in Asia
Prasad, Eswar S. - 2009
growth rates for the key emerging markets and other developing economies in Asia. China has by far the lowest share of … private consumption to GDP in Asia and, during this decade, has recorded the lowest rate of employment growth relative to GDP … and Vietnam. To examine the global implications of domestic growth patterns in Asia, I analyze saving-investment balances …
Persistent link: https://www.econbiz.de/10003879333
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A survey of the role of fiscal policy in addressing income inequality, poverty reduction and inclusive growth
Heshmati, Almas; Kim, Jungsuk - 2014
and economic growth. Developing countries on the other hand, especially countries in Asia are in the process of shifting …
Persistent link: https://www.econbiz.de/10010345543
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Demographic determinants of savings : estimating and interpreting the aggregate association in Asia
Schultz, T. Paul (contributor) - 2005
Life cycle savings is proposed as one explanation for much of the increase in savings and economic growth in Asia. The … fertility which changes the age compositions and could thereby account for savings and growth in Asia. …
Persistent link: https://www.econbiz.de/10002592079
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Australia: the miracle economy
Junankar, Pramod N. - 2013
Most of the countries of the OECD are still suffering from the Global Financial Crisis (GFC) (or as the Americans call it the Great Recession), but the Australian economy appears to be powering ahead. It is a miracle economy! Unlike most of the OECD countries, Australia did not even have a...
Persistent link: https://www.econbiz.de/10009774315
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The microeconomic determinants of emigration and return migration of the best and brightest : evidence from the Pacific
Gibson, John K. (contributor);  … - 2009
A unique survey which tracks worldwide the best and brightest academic performers from three Pacific countries is used to assess the extent of emigration and return migration among the very highly skilled, and to analyze, at the microeconomic level, the determinants of these migration choices....
Persistent link: https://www.econbiz.de/10003794013
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Labour mobility with vocational skill: Australian demand and pacific supply
Chand, Satish; Clemens, Michael A. - 2021
How many immigrants with less than university education, for a given immigration quota, maximise economic output? The answer is zero in the canonical model of the labour market, where the marginal product of a university-educated immigrant is always higher. We build an alternative model in which...
Persistent link: https://www.econbiz.de/10012698640
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Five open questions about prediction markets
Wolfers, Justin (contributor); Zitzewitz, Eric (contributor) - 2006
Interest in prediction markets has increased in the last decade, driven in part by the hope that these markets will prove to be valuable tools in forecasting, decision-making and risk management -- in both the public and private sectors. This paper outlines five open questions in the literature,...
Persistent link: https://www.econbiz.de/10003278954
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Competing approaches to forecasting elections : economic models, opinion polling and prediction markets
Leigh, Andrew (contributor); Wolfers, Justin (contributor) - 2006
We review the efficacy of three approaches to forecasting elections: econometric models that project outcomes on the basis of the state of the economy; public opinion polls; and election betting (prediction markets). We assess the efficacy of each in light of the 2004 Australian election. This...
Persistent link: https://www.econbiz.de/10003334619