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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 … determinants of savings in Pakistan economy. The results indicate evidence of consumption smoothing and relatively stable Average …Like many other countries, aggregate consumption constitutes a major portion of Gross Domestic Product (GDP) in …
Persistent link: https://www.econbiz.de/10011258849
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Economic Philosophy of Al-Mawardi : Economic Behavior in Adab Al-Dunya Wa-Al-Din and Al-Ahkam Al-Sulthaniyah
Jaelani, Aan - 2016
Economic behavior in the study of Islamic economics is the basis for the government to portray political ethics and ethical economic functions of individuals in functioning as a member of society. Secular ethics and religious ethics, according to al-Mawardi, as the code of conduct in conducting...
Persistent link: https://www.econbiz.de/10012987120
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Data Estimation and Interpretation: An Analysis.
Meyer, Thomas K. - Volkswirtschaftliche Fakultät, … - 2008
There is an ostensible relationship between whether or not a nation is developed and the interpretation and collection of data in this nation. For instance, if a country is developing, it is difficult to collect figures, though much simpler to interpret them. The opposite is the case in a...
Persistent link: https://www.econbiz.de/10005616975
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Fiscal Policy Uncertainty and Its Macroeconomic Consequences
Murray, James - Volkswirtschaftliche Fakultät, … - 2014
real GDP, consumption, investment, and the unemployment rate. They re-run these regressions each quarter as a new … uncertainty has on macroeconomic outcomes including real GDP, consumption, investment and unemployment. I find that the common … component for fiscal policy uncertainty has adverse effects on real GDP, consumption, and investment. I find the buildup of …
Persistent link: https://www.econbiz.de/10011112929
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When are adaptive expectations rational? A generalization
Shepherd, Ben - Volkswirtschaftliche Fakultät, … - 2011
This note presents a simple generalization of the adaptive expectations mechanism in which the learning parameter is time variant. It is shown that expectations generated in this way are rational in the sense of producing minimum mean squared forecast errors for a broad class of time series...
Persistent link: https://www.econbiz.de/10009371825
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How does the preference for increasing payments depend on the size and source of the payments?
Duffy, Sean; Smith, John; Woods, Kristin - Volkswirtschaftliche Fakultät, … - 2015
It is well-known that subjects can exhibit a preference for increasing payments. Smith (2009a) makes a related prediction that the difference between the preference increasing wage payments and the preference for increasing non-wage payments will be largest for intermediate payments. We find...
Persistent link: https://www.econbiz.de/10011275126
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Human capital investment by the poor: Informing policy with laboratory experiments
Eckel, Catherine; Johnson, Cathleen; Montmarquette, Claude - Volkswirtschaftliche Fakultät, … - 2012
The purpose of the study is to better understand human capital investment decisions of the working poor, and to collect information that can be used to design a policy to induce the poor to invest in human capital. We use laboratory experimental methodology to elicit the preferences and observe...
Persistent link: https://www.econbiz.de/10011259527
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A reconciliation of time preference elicitation methods
Drichoutis, Andreas; Nayga, Rodolfo - Volkswirtschaftliche Fakultät, … - 2013
We reconcile �findings from the Multiple Price List method (Andersen et al., 2008) and the Convex Time Budget method (Andreoni and Sprenger, 2012a) that seem to have generated a heated debate in the time preference literature. Specifi�cally, we discuss the claims of Andreoni and Sprenger...
Persistent link: https://www.econbiz.de/10011260062
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Dynamic model of procrastination
Vrany, Martin - Volkswirtschaftliche Fakultät, … - 2010
Procrastination is the notorious tendency to postpone work for tomorrow. This paper presents a formal model of procrastination based on expectations and prospect theory, which differs signficantly from the prevalent model of O’Donoghue and Rabin. Subject is assumed to work on a task for...
Persistent link: https://www.econbiz.de/10009226805
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Time discounting for primary and monetary rewards
Reuben, Ernesto; Sapienza, Paola; Zingales, Luigi - Volkswirtschaftliche Fakultät, … - 2008
This paper shows that there is a positive and statistically significant correlation between the short-term discount rate over a monetary reward and the short-term discount rate over a primary reward (chocolate). This correlation, however, is absent among subjects who do not like chocolate and...
Persistent link: https://www.econbiz.de/10005835857