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Contrary to most existing studies of the literature that assumed that the effects of real exchange rate (RE) misalignment on trade flows are symmetric, this paper considers a more general and realistic framework allowing for possible asymmetric effects. We use monthly time-series data over the...
Persistent link: https://www.econbiz.de/10014083735
This paper provides a long-term view by studying the effect of the underground or shadow economy on economic growth in the Unites States over the period 1870 to 2014. Shadow activities might spur or retard economic growth depending on their interactions with the formal sector and impacts on the...
Persistent link: https://www.econbiz.de/10012957508
Using Difference-in-Differences estimation and data from the European Community Household Panel, this paper suggests …
Persistent link: https://www.econbiz.de/10013039598
Sustainable Development Goals and the World Bank's twin goals, the new poverty line was chosen so as to preserve the definition … the global count, we find 12.7 percent of the world's population, or 897 million people, are living in extreme poverty …
Persistent link: https://www.econbiz.de/10013012824
), analysts and institutions are confronted with the question of whether and how to use them for global poverty estimation. The … previous round of PPP data from 2005 led to a large increase in the estimated number of poor in the world. The 2011 price data … world.This paper presents evidence that if the global poverty line is updated with the 2011 PPP data based on the same set …
Persistent link: https://www.econbiz.de/10013021955
This paper establishes stylized facts about the cyclicality of real consumer wages and real producer wages in Germany. As detrending methods we apply the deterministic trend model, the Beveridge-Nelson decomposition, the Hodrick-Prescott filter, the Baxter-King filter and the structural time...
Persistent link: https://www.econbiz.de/10013137519
The current economic crisis requires fast information to predict economic behavior early, which is difficult at times of structural changes. This paper suggests an innovative new method of using data on internet activity for that purpose. It demonstrates strong correlations between keyword...
Persistent link: https://www.econbiz.de/10013117001
This paper is concerned with testing the time series implications of the capital asset pricing model (CAPM) due to Sharpe (1964) and Lintner (1965), when the number of securities, N, is large relative to the time dimension, T, of the return series. In the case of cross-sectionally correlated...
Persistent link: https://www.econbiz.de/10013107698
We present in this paper the panel econometrics estimation approach of measuring the technical change and total factor … variances has been used for the estimation of the translog production functions. Two alternative formulations of technical …
Persistent link: https://www.econbiz.de/10012780059
The UK's Equal Opportunities Commission has recently drawn attention to the 'hidden brain drain' when women working part-time are employed in occupations below those for which they are qualified. These inferences were based on self - reporting. We give an objective and quantitative analysis of...
Persistent link: https://www.econbiz.de/10013316772