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In general, rational economic agents trade off the cost of waiting for the statistical agencies disseminate the final results of the relevant surveys before making a decision, on the one hand, and of making use of some model based predictions. Thus, from the viewpoint of agents, predictions and...
Persistent link: https://www.econbiz.de/10011259931
In general, rational economic agents are not in the position to wait for the statistical agencies disseminate the final results of the relevant surveys before making a decision, and have to make use of some model based predictions, even when agents are not assumedly forward looking. Thus, from...
Persistent link: https://www.econbiz.de/10009422028
In this paper, we try to analyze the possible reasons behind food price hike. The motivation of doing this project is to see the probable reasons, which impact “common people” of India to the utmost extent. We concentrate mainly on the supply side, distribution aspects and the demand side....
Persistent link: https://www.econbiz.de/10009322882
This paper presents an index of Fiscal Illusion for 68 democratic countries from 1960 to 2006. The studied Fiscal Illusion is the one related to a wrong perception of the budget aggregates according to the voters and taxpayers’ perspectives. In the construction of the index, methodological...
Persistent link: https://www.econbiz.de/10005789733
National account (N.A.) is not a neutral technique. It depends on the state of the theoretical mechanism - macroeconomic and statistical one. When we teach N.A., we show these mechanisms through account’s tools (TEI, TEE, and so on.) with the available data. In France, especially in the high...
Persistent link: https://www.econbiz.de/10005617000
We adopt an `epistemic' interpretation of social decisions: there is an objectively correct choice, each voter receives a `noisy signal' of the correct choice, and the social objective is to aggregate these signals to make the best possible guess about the correct choice. One epistemic method is...
Persistent link: https://www.econbiz.de/10009001198
Decentralisation is invariably among the recommendations that international organisations such as the World Bank make for an enhancement of social provisions, and particularly a better targeting of social assistance regimes, in Eastern and Central Europe. However, theoretical literature as wel...
Persistent link: https://www.econbiz.de/10005836017
China has become a popular geographic area of research. Researchers make extensive use of Chinese official statistics …, but these statistics are often not well understood. This article first clarifies three major issues that affect a wide … range of Chinese statistics—from output and employment data to industry profitability—and then elaborates on data sources …
Persistent link: https://www.econbiz.de/10011258695
Основной проблемой при оценке производственной функции развивающихся стран является отсутствие надёжных статистических данных по физическому капиталу....
Persistent link: https://www.econbiz.de/10011259110
The rapid growth of substitutes for cash, particularly debit and credit cards, has led economists to predict the advent of the “cashless society”. Yet cash holdings in most developed economies continue to grow and in the U.S., per capita currency holdings now amount to $3000. This paper...
Persistent link: https://www.econbiz.de/10011259369