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Unraveling the Shift to the Entrepreneurial Economy

Audretsch, D.B.; Thurik, A.R. - 2010

A recent literature has emerged providing compelling evidence that a major shift in the organization of the developed economies has been taking place: away from what has been characterized as the managed economy towards the entrepreneurial economy. In particular, the empirical evidence provides...

Persistent link: https://www.econbiz.de/10010326000

Perspectives from the Happiness Literature and the Role of New Instruments for Policy Analysis

van Praag, Bernard M.S. - 2007

After having been ignored for a long time by economists, happiness is becoming an object of serious research in 21st century economics. In Section 2 we sketch the present status of happiness economics. In Section 3 we consider the practical applicability of happiness economics, retaining the...

Persistent link: https://www.econbiz.de/10010325462

Rhineland exit?

Bovenberg, Lans; Teulings, Coen N. - 2007

We argue in favour of the shareholder model of the firm for three main reasons. First, serving multiple stakeholders leads to ill-defined property rights. What sounds like a fair compromise between stakeholders can easily evolve in a permanent struggle between the stakeholders about the ultimate...

Persistent link: https://www.econbiz.de/10010325305

Statistical Modelling of Extreme Rainfall in Taiwan

Chu, Lan-Fen; McAleer, Michael; Chang, Ching-Chung - 2013

In this paper, the annual maximum daily rainfall data from 1961 to 2010 are modelled for 18 stations in Taiwan. We fit … based on the record-high (ranked 1st) extreme rainfall brought by the top 10 typhoons for each station in Taiwan. The … extreme rainfall in the southern region is greater than in the eastern region of Taiwan. In addition, the Keelung, Anbu …

Persistent link: https://www.econbiz.de/10010326140

Statistical Modelling of Recent Changes in Extreme Rainfall in Taiwan

Chu, Lan-Fen; McAleer, Michael; Wang, Szu-Hua - 2012

Taiwan, and detect the changes between the two phases for extreme rainfall. The non-stationary model means that the location … generalized extreme value distributions to model extreme rainfall in Taiwan. …

Persistent link: https://www.econbiz.de/10010326156

Is Small Beautiful? Size Effects of Volatility Spillovers for Firm Performance and Exchange Rates in Tourism

Chang, Chia-Lin; Hsu, Hui-Kuang; McAleer, Michael - 2013

the Taiwan tourism industry. The analysis is based on two conditional multivariate models, BEKK-AGARCH and VARMA … sources to Taiwan, namely USA, Japan, and China. Furthermore, all the return series reveal quite high volatility spillovers …

Persistent link: https://www.econbiz.de/10010326433

Are Forecast Updates Progressive?

Chang, Chia-Lin; Franses, Philip Hans; McAleer, Michael - 2013

the empirical analysis is for Taiwan, where we have three decades of quarterly data available of forecasts and their … updates of the inflation rate and real GDP growth rate. Our empirical results suggest that the forecast updates for Taiwan are …

Persistent link: https://www.econbiz.de/10010326444

Choice Behaviour and Verbal Behaviour: A Critical Assessment of their Relevance for Practical Policy

van Praag, Bernard M.S.; Frijters, P. - 1997

In this paper we review five different methods used to determine the welfareeffects of policy changes: hedonic price analysis, contingent valuation, conjoint measurement, the Income Evaluation Approach, and the Cantril approach. In the first three approaches, an attempt is made to discover the...

Persistent link: https://www.econbiz.de/10010324491