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Exponent of cross-sectional dependence: Estimation and inference

Bailey, Natalia; Kapetanios, George; Pesaran, Hashem - 2012

An important issue in the analysis of cross-sectional dependence which has received renewed interest in the past few … measures of cross-sectional dependence and how such measures are related to the behaviour of the aggregates defined as cross …, we refer to as the exponent of cross-sectional dependence. We derive an estimator of from the estimated variance of the …

Persistent link: https://www.econbiz.de/10010282124

Identifying the Common Component of International Economic Fluctuations: A New Approach

Lumsdaine, Robin L.; Prasad, Eswar S. - 2002

common component, we find evidence for a ?world business cycle? as well as evidence for a distinct European common component …

Persistent link: https://www.econbiz.de/10010262765

Cyclical Fluctuations in Workplace Accidents

Boone, Jan; van Ours, Jan C. - 2002

This paper presents a theory and an empirical investigation on cyclical fluctuations in workplace accidents. The theory is based on the idea that reporting an accident dents the reputation of a worker and raises the probability that he is fired. Therefore a country with a high or an increasing...

Persistent link: https://www.econbiz.de/10010262422

Examining the Impact of Macro-Economic Conditions on Income Inequality

Jäntti, Markus; Jenkins, Stephen P. - 2001

This paper proposes a new approach for analyzing the relationship between macroeconomic factors and the income distribution. The conventional method of analysis is regression of summary inequality indices on variables such as the unemployment and inflation rates. Building on the lessons from...

Persistent link: https://www.econbiz.de/10010262571

Technical change and total factor productivity growth for Chinese provinces: a panel data analysis

Shiu, Alice; Heshmati, Almas - 2006

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/10010267745

Moving down: women's part time work and occupational change in Britain 1991 - 2001

Connolly, Sara; Gregory, Mary - 2007

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 the...

Persistent link: https://www.econbiz.de/10010268437

Google econometrics and unemployment forecasting

Askitas, Nikolaos; Zimmermann, Klaus F. - 2009

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/10010269318

Technical change and total factor productivity growth: the case of Chinese provinces

Heshmati, Almas; Kumbhakar, Subal C. - 2010

In the literature technical change is mostly assumed to be exogenous and specified as a function of time. However, some exogenous external factors other than time can also affect technical change. In this paper we model technical change via time trend (purely external non-economic) as well as...

Persistent link: https://www.econbiz.de/10010269407

Real wages and the business cycles in Germany

Marczak, Martyna; Beissinger, Thomas - 2010

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/10010274586

Economic well-being and poverty among the elderly: an analysis based on a collective consumption model

Cherchye, Laurens; de Rock, Bram; Vermeulen, Frederic - 2008

We apply the collective consumption model of Browning, Chiappori and Lewbel (2006) to analyse economic well-being and poverty among the elderly. The model focuses on individual preferences, a consumption technology that captures the economies of scale of living in a couple, and a sharing rule...

Persistent link: https://www.econbiz.de/10010276395

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