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This paper links between Beckerian literature that shows that marriage is a normal good with respect to male income and the literature that explores cultural changes as a result of exogenous events. I use the oil crisis of the 1970s as a positive shock on some males. The analyzed outcome is...
Persistent link: https://www.econbiz.de/10012870157
Education, general health, and reproductive health are key indicators of human development. Investments in these domains can also promote economic growth. This paper argues for the importance of human development related investments based on i) a theoretical economic growth model with poverty...
Persistent link: https://www.econbiz.de/10012840892
responses using panel data for a set of OECD countries during the period 1975-2014. We find evidence that households do in fact …
Persistent link: https://www.econbiz.de/10012863794
) approach is used to explore this asymmetry. The use of an asymmetric error correction model with asymmetric cointegration …
Persistent link: https://www.econbiz.de/10014242432
There is no significant relationship between the improvement in happiness and the long term rate of growth of GDP per capita. This is true for three groups of countries analyzed separately - 17 developed, 9 developing, and 11 transition - and also for the 37 countries taken together. Time series...
Persistent link: https://www.econbiz.de/10012764241
authority on growth rates in the Middle East and North Africa (MENA) region using panel data through a fixed effect model. The …
Persistent link: https://www.econbiz.de/10013029625
unemployment. Empirical results focus on particular theoretical channels establishing the relationship. Panel models mostly draw on … this paper, we adopt a global cointegration approach recently proposed by Bienstock and Felsenstein (2010) to account for …
Persistent link: https://www.econbiz.de/10013009494
The aim of this paper is to apply recently developed panel cointegration techniques proposed by Pedroni (1999, 2004 …
Persistent link: https://www.econbiz.de/10013316947
The presence of cross-sectionally correlated error terms invalidates much inferential theory of panel data models … for stationary panel regressions with multifactor error structure. This paper extends this work and examines the important … cointegration properties of the unobserved factors. This finding is further supported for small samples via an extensive Monte Carlo …
Persistent link: https://www.econbiz.de/10013317495
We present in this paper the panel econometrics estimation approach of measuring the technical change and total factor …
Persistent link: https://www.econbiz.de/10012780059