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diametrically opposed results, as shown in a standard Tobit model example. In a generalized Tobit application exploring the effect …
Persistent link: https://www.econbiz.de/10010315485
Trade Agreements (PTAs). Our focus is on applying the gravity model to analyze India's trade flows (exports and imports …
Persistent link: https://www.econbiz.de/10011807638
Though most economists agree that monetary policy has significant effects on the real sector in the short run, interest-rate elasticities of macroeconomic aggregates in general are found to be low. Recently, the credit channel has been discussed as an additional channel through which monetary...
Persistent link: https://www.econbiz.de/10013369958
In 1867, the "Compromise" between Austria and Hungary laid the foundation of a single currency system with a common central bank. As in today's euroland, each part of the monarchy remained sovereign in fiscal matters. Moreover, the borrowing needs of both parts of the monarchy were quite large,...
Persistent link: https://www.econbiz.de/10013369960
Using individual firm data, this study analyzes the credit channel in Austria. The estimation is based on an accelerator specification of investment demand augmented by the liquidity ratio and a firm specific user cost of capital. The results show that there is a credit channel in Austria...
Persistent link: https://www.econbiz.de/10013369975
Rapid urbanisation and economic growth will increase the demand for adequate housing in Indian cities. Mass housing projects can help cater to this need. However, building mass housing using conventional technology is slow, lacks quality and is detrimental for the environment. In contrast, more...
Persistent link: https://www.econbiz.de/10013479032
This paper examines the fertility transition through a new lens: the extensive margin. Parents with high levels of children might substitute quality for quantity as the constraints on quality relax or those on quantity tighten. However, along the extensive margin, the quantity-quality trade-off...
Persistent link: https://www.econbiz.de/10010292180
Recent trends in the labor force participation of women have brought much public attention to the issue of women opting out. This paper explores the decision of working women to exit the labor market at a time of major transition - the birth of a child - utilizing linked vital statistics,...
Persistent link: https://www.econbiz.de/10010292285
When a survey response mechanism depends on the variable of interest measured within the same survey and observed for only part of the sample, the situation is one of nonignorable nonresponse. Ignoring the nonresponse is likely to generate significant bias in the estimates. To solve this, one...
Persistent link: https://www.econbiz.de/10010321608
and posterior parameter inference under either a logit or probit functional form of the state transition distribution … to different persistent states characterizing the state-specific time series process. Model specification is discussed in … time series process. Model estimation proceeds by data augmentation. We derive the basic forward-filtering backward …
Persistent link: https://www.econbiz.de/10011629990