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Modelling the distribution of returns on higher education: A microsimulation approach
Courtioux, Pierre; Gregoir, Stéphane; Houeto, Dede - In: Economic Modelling 38 (2014) C, pp. 328-340
Cost-sharing policies for higher education have been implemented in several countries in various ways. We argue that to assess their appropriateness and facilitate their implementation it is necessary to develop statistical indicators of the distribution of returns. When starting a higher...
Persistent link: https://www.econbiz.de/10010753332
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The impact of population ageing on energy use: Evidence from Italy
Garau, Giorgio; Lecca, Patrizio; Mandras, Giovanni - In: Economic Modelling 35 (2013) C, pp. 970-980
In this study we evaluate the impact of demographic change on energy use. The results are obtained from calibrated overlapping generations general equilibrium model for Italy. Contrary to studies based on partial equilibrium regression models, or fixed price models that are unable to account for...
Persistent link: https://www.econbiz.de/10010719426
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Population ageing and the labour market: Modelling size and age-specific effects
Lisenkova, Katerina; Mérette, Marcel; Wright, Robert - In: Economic Modelling 35 (2013) C, pp. 981-989
This paper presents a dynamic Overlapping Generations Computable General Equilibrium (OLG-CGE) model of Scotland. The model is used to examine the impact of population ageing on the labour market. More specifically, it is used to evaluate the effects of labour force decline and labour force...
Persistent link: https://www.econbiz.de/10011048864
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Can sustained economic growth and declining population coexist?
Elgin, Ceyhun; Tumen, Semih - In: Economic Modelling 29 (2012) 5, pp. 1899-1908
Most of the developed countries have been experiencing sub-replacement fertility. This leads to worries over the sustainability of economic growth in these countries. Given this concern, we ask the following questions: Is there a force that would allow economic growth and declining population to...
Persistent link: https://www.econbiz.de/10011048866
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Can the ageing North benefit from expanding trade with the South?
Georges, Patrick; Lisenkova, Katerina; Mérette, Marcel - In: Economic Modelling 35 (2013) C, pp. 990-998
In this paper we estimate the benefit for the ageing North countries of diversifying some of their trade away from other North countries in favour of South countries. To this end we use a six-region overlapping generations model that takes into account the demographic trends of the 21st century...
Persistent link: https://www.econbiz.de/10011048954
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Urbanization and renewable and non-renewable energy consumption in OECD countries: An empirical analysis
Salim, Ruhul A.; Shafiei, Sahar - In: Economic Modelling 38 (2014) C, pp. 581-591
This article aims to analyse the impact of urbanization on renewable and non-renewable energy consumption in OECD …, urbanization and population density are found to be significant factors, particularly with respect to non-renewable energy … consumption. The results also reveal that while total population and urbanization positively influence non-renewable energy …
Persistent link: https://www.econbiz.de/10010753352
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US inflation and consumption: A long-term perspective with a level shift
Paradiso, Antonio; Casadio, Paolo; Rao, B. Bhaskara - In: Economic Modelling 29 (2012) 5, pp. 1837-1849
This article examines the existence and stability of the consumption function in the United States of America (US) beginning in the 1950s. In order to obtain a stable long run relationship, we have introduced two innovative elements into the analysis of the life-cycle of the consumption function...
Persistent link: https://www.econbiz.de/10010597501
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A new energy model to capture the behavior of energy price processes
Xu, Weijun; Sun, Qi; Xiao, Weilin - In: Economic Modelling 29 (2012) 5, pp. 1585-1591
Owing to the vague fluctuation of energy prices from time to time, a new energy model, which considers both the mean-reverting behavior and the long memory property, is proposed in this paper. Since the problem of estimating parameters, in discrete time for this model, plays a central role in...
Persistent link: https://www.econbiz.de/10010597504
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The changing role of house price dynamics over the business cycle
Dufrénot, Gilles; Malik, Sheheryar - In: Economic Modelling 29 (2012) 5, pp. 1960-1967
In this paper, we attempt to analyse the relationship between house price dynamics and the business cycle. Employing a time-varying transition probability Markov switching framework, we provide empirical evidence that house price growth may prove a useful leading indicator for turning point...
Persistent link: https://www.econbiz.de/10010597508
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The relationship between financial indicators and human development in Pakistan
Zaman, Khalid; Izhar, Zeeshan; Khan, Muhammad Mushtaq; … - In: Economic Modelling 29 (2012) 5, pp. 1515-1523
Every economy requires a sophisticated and efficient financial system to prosper its development. A healthy financial system may be integral to the sound fundamentals of an economy. The objective of the study is to investigate the impact of financial indicators on human development in Pakistan...
Persistent link: https://www.econbiz.de/10010597512