Narrow search
Showing 1 - 10 of 931
Cover Image
Channels of risk-sharing among Canadian provinces: 1961–2006
Basher, Syed A.; Balli, Faruk; Louis, Rosmy - Volkswirtschaftliche Fakultät, … - 2009
This paper incorporates recent developments in the literature to quantify the amount of interprovincial risk-sharing in Canada. We find that both capital market and the federal tax-transfer system play an almost equally important role (about 26 percent each) in smoothing shocks to gross...
Persistent link: https://www.econbiz.de/10009643209
Cover Image
Channels of risk-sharing among Canadian provinces: 1961--2006
Balli, Faruk; Basher, Syed Abul; Jean Louis, Rosmy - Volkswirtschaftliche Fakultät, … - 2011
This paper incorporates recent developments in the literature to quantify the amount of interprovincial risk-sharing in Canada. We find that 29% of shocks to gross provincial product are smoothed by capital markets, 27% are smoothed by the federal tax-transfer systems, and about 24% are smoothed...
Persistent link: https://www.econbiz.de/10009018278
Cover Image
Socialism is dead, long live socialism!
Popov, Vladimir - Volkswirtschaftliche Fakultät, … - 2014
capacity of the state, become larger than the benefits of high savings and investment rate that were making capitalism …
Persistent link: https://www.econbiz.de/10011261002
Cover Image
Are Investment and Saving Cointegrated Evidence From Middle East and North African Countries
Sbia, Rashid; Hamdi, Helmi - Volkswirtschaftliche Fakultät, … - 2013
The aim of this paper is to empirically examine the relationship between saving and investment for 6 Middle East and North African Countries for the period 1980-2008. To this end, we use panel cointegration analysis and Error Correction Model techniques. The long run estimation reveals causality...
Persistent link: https://www.econbiz.de/10011275130
Cover Image
Heterogenous intertemporal elasticity of substitution and relative risk aversion: estimation of optimal consumption choice with habit formation and measurement errors
Natalia, Khorunzhina; Wayne Roy, Gayle - Volkswirtschaftliche Fakultät, … - 2011
This paper investigates the existence and degree of variation across house holds and over time in the intertemporal elasticity of substitution (IES) and the coefficient of relative risk aversion (RRA) that is generated by habit forming preferences. To do so, we develop a new nonlinear GMM...
Persistent link: https://www.econbiz.de/10009353832
Cover Image
Integration, decoupling and the global financial crisis: A global perspective
Miankhel, Adil Khan; Kalirajan, Kaliappa; Thangavelu, … - Volkswirtschaftliche Fakultät, … - 2010
The recent global recession requires policy makers to identify the relative importance of shock transmission mechanisms in each region and devise counter policy measures against future idiosyncratic shocks. In the last decade, world dynamics have changed considerably due to increased openness...
Persistent link: https://www.econbiz.de/10008533255
Cover Image
Domestic Capital Mobility: A Panel Data Approach
Nagayasu, Jun - Volkswirtschaftliche Fakultät, … - 2010
This paper analyzes capital mobility within Japan based on the consumption-based correlation method developed by Obstfeld (1994). This thoery suggests that consumption in one region is closely related to that in other regions if the capital market is open. We test this theoretical implication in...
Persistent link: https://www.econbiz.de/10008777069
Cover Image
Private Consumption Expenditure in the Eastern Caribbean Currency Union
Sutherland, Richard; Craigwell, Roland - Volkswirtschaftliche Fakultät, … - 2011
This paper innovates by being the first to estimate a consumption function of a monetary union as a single entity. It is also the first empirical consumption research on the Eastern Caribbean Currency Union (ECCU). Due to the open nature of these nations it further adds to the literature by...
Persistent link: https://www.econbiz.de/10011113020
Cover Image
A Panel Cointegration study of the long-run relationship between Savings and Investments in the OECD economies, 1970-2007
Di Iorio, Francesca; Fachin, Stefano - Volkswirtschaftliche Fakultät, … - 2010
In this paper we test for the existence of a long-run savings-investments relationship in 18 OECD economies over the … period 1970-2007. Although individual modelling provides only very weak support to the hypothesis of a link between savings … long-run savings-investments relationship in about half of the OECD economies examined. The elasticities are however often …
Persistent link: https://www.econbiz.de/10008683317
Cover Image
Consumption & Savings Behavior in Pakistan
Shaikh, Salman - Volkswirtschaftliche Fakultät, … - 2012
Pakistan. Consumption decisions determine savings decisions. In long term growth literature, differences in long term growth … had been explained to a large extent by differences in the rate of savings which also determine a country’s investment in … determinants of savings in Pakistan economy. The results indicate evidence of consumption smoothing and relatively stable Average …
Persistent link: https://www.econbiz.de/10011258849