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capital, labor, and energy inputs. Data cover the years 1949 to 2006. The wage adjusts to changes in input levels and output … prices over six to eight years. Energy has a more robust wage impact than capital. The wage reacts weakly if at all to the …
Persistent link: https://www.econbiz.de/10010729824
one follows the studies by Lean and Smyth (2010a) and Sadorsky (2012) which examine the dynamic interaction of energy … Mahmud (2009), and Jayanthakumaran et al. (2012) which attempt to introduce energy consumption and trade openness in the … increase the share of renewable energy relative to non-renewable energy sources. …
Persistent link: https://www.econbiz.de/10010753337
This paper analyzes the relationship between the spot and futures prices of energy commodities from a new perspective …
Persistent link: https://www.econbiz.de/10010781963
data construction of energy goods and factors of production. In the specific case of Iran, the model shows that rebating … applications to other countries and energy–labour policy issues. …
Persistent link: https://www.econbiz.de/10010719380
In this study we evaluate the impact of demographic change on energy use. The results are obtained from calibrated … leads to a reduction in energy use, although in principle, the increase in the share of old people produces a shift in … consumption towards a more energy intensive mix of goods and services. …
Persistent link: https://www.econbiz.de/10010719426
In this paper a fiscal consolidation program for India has been presented based on a policy simulation model that enables us to examine the macroeconomic implications of alternative fiscal strategies, given certain assumptions about other macro policy choices and relevant exogenous factors. The...
Persistent link: https://www.econbiz.de/10010577084
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
Owing to the vague fluctuation of energy prices from time to time, a new energy model, which considers both the mean …. To show how to apply our approach in realistic contexts, an empirical study of energy in China, namely Daqing crude oil …
Persistent link: https://www.econbiz.de/10010597504
This paper examines asymmetries in the impact of monetary policy on the middle segment of the South African housing market from 1966:M2 to 2011:M12. We use Markov-switching vector autoregressive (MS-VAR) model in which parameters change according to the phase of the housing cycle. The results...
Persistent link: https://www.econbiz.de/10010664390
In this paper we discuss the calibration issues of power models built on mean-reverting processes combined with long memory. The unknown parameters of fractional mean-reversion processes are estimated by a hybrid estimation method, which is built upon the marriage of the quadratic variation and...
Persistent link: https://www.econbiz.de/10011048787