Showing 31 - 40 of 460
This paper reassesses and extends Hawke’s passenger railway social savings for England and Wales. Better estimates of coach costs and evidence that third class passengers would otherwise have walked reduce Hawke’s social savings by two-thirds. We calculate railway speeds, and the amount and...
Persistent link: https://www.econbiz.de/10005870947
This paper constructs measures of market potential for British regions based on the spatial distribution of GDP and its accessibility. The results show that the North, Scotland and Wales were much less 'peripheral' before World War I than in 1985. The main reason for the deterioration in their...
Persistent link: https://www.econbiz.de/10005870952
The paper builds on a method proposed by Geary and Stark (2002) for estimating regional incomes in Victorian Britain. This is modified by using tax data to allocate non-wage income across regions. The results suggest that the coefficient of variation of regional GDP per head was rising rapidly...
Persistent link: https://www.econbiz.de/10005870953
Is aggregate income enough to summarize the well-being of a society? We address this longstanding question by exploiting a novel approach to study the relationship between gross domestic product (GDP) and a set of economic, social and environmental indicators for nine developed economies. By...
Persistent link: https://www.econbiz.de/10013353585
general enough to apply to impulse responses estimated by VARs, local projections, and simulation methods. We show that our …
Persistent link: https://www.econbiz.de/10010292348
part of the paper presents some simulation studies of the evolution of prices, output, employment and wage structures …
Persistent link: https://www.econbiz.de/10010294509
This paper considers the social costs implied by inefficient allocation of contracts in a first price, sealed bid procurement auction with asymmetric bidders. We adopt a constrained (piecewise linear) strategy equilibrium concept and estimate the structural parameters of the bidders'...
Persistent link: https://www.econbiz.de/10010321543
For the purpose of studying the consequences of the ageing of the Swedish population a group of scientists have enlarged the microsimulation model SESIM - originally developed at the Swedish Ministry of Finance - with modules that simulate health status, take up of sickness benefits, retirement,...
Persistent link: https://www.econbiz.de/10010321560
Micro simulation involves modeling the behavior of individuals and other decision units taking into account the effects … entire distribution of target variables. Micro simulation models have thus, for instance, been used to analyze how changes in … the income taxes influence the tails of the income distribution (the incidence of poverty). <p> Micro simulation …
Persistent link: https://www.econbiz.de/10010321767
importance of both choice of forecast or simulation horizon and choice between minimizing point or distribution based loss … measures. Our empirical analysis centers around the implementation of a series of simulation and prediction experiments, as … in setting U.S. monetary policy, and our simulation experiments are based on a comparison of simulated and historical …
Persistent link: https://www.econbiz.de/10010334249