Narrow search
Showing 1 - 5 of 5
Cover Image
Aggregation in Large Dynamic Panels
Pesaran, M. Hashem - 2011
This paper considers the problem of aggregation in the case of large linear dynamic panels, where each micro unit is potentially related to all other micro units, and where micro innovations are allowed to be cross sectionally dependent. Following Pesaran (2003), an optimal aggregate function is...
Persistent link: https://www.econbiz.de/10013129942
Cover Image
An Empirical Growth Model for Major Oil Exporters
Esfahani, Hadi Salehi - 2012
-run output equation with a coefficient equal to the share of capital (α). The long-run theory is tested using quarterly data on … results support the long-run theory. The existence of long-run relations between real output, foreign output and real oil … steadily over the past three decades, the theory suggests that the effect of oil income on the economy's steady state growth …
Persistent link: https://www.econbiz.de/10013107701
Cover Image
The Role of Sickness in the Evaluation of Job Search Assistance and Sanctions
van den Berg, Gerard J. - 2016
Unemployment insurance agencies may combat moral hazard by punishing refusals to apply to assigned vacancies. However, the possibility to report sick creates an additional moral hazard, since during sickness spells, minimum requirements on search behavior do not apply. This reduces the ex ante...
Persistent link: https://www.econbiz.de/10013001341
Cover Image
Modelling Volatilities and Conditional Correlations in Futures Markets with a Multivariate T Distribution
Pesaran, Bahram; Pesaran, M. Hashem - 2021
This paper considers a multivariate t version of the Gaussian dynamic conditional correlation (DCC) model proposed by Engle (2002), and suggests the use of devolatized returns computed as returns standardized by realized volatilities rather than by GARCH type volatility estimates. The t-DCC...
Persistent link: https://www.econbiz.de/10013316934
Cover Image
Benefit Duration, Unemployment Duration and Job Match Quality : A Regression-Discontinuity Approach
Caliendo, Marco - 2010
individuals. Standard search theory predicts that an increase in UI benefit generosity, either in terms of benefit duration or …
Persistent link: https://www.econbiz.de/10013149513