Narrow search
Showing 1 - 10 of 763
Cover Image
Irish GDP between the Famine and the First World War: Estimates Based on a Dynamic Factor Model
Andersson, Fredrik N. G.; Lennard, Jason - 2017
constructs new annual estimates of real GDP between 1842 and 1913 based on a novel two-stage econometric approach. Our results …
Persistent link: https://www.econbiz.de/10013208757
Cover Image
Measuring the welfare gain from personal computers: A macroeconomic approach
Kopecky, Karen A.; Greenwood, Jeremy - 2011
The welfare gain to consumers from the introduction of personal computers is estimated here. A simple model of consumer demand is formulated that uses a slightly modified version of standard preferences. The modification permits marginal utility, and hence total utility, to be finite when the...
Persistent link: https://www.econbiz.de/10010292344
Cover Image
Aggregate dynamics in a large virtual economy: Prices and real activity in Team Fortress 2
Baumer, Matt; Kephart, Curtis - 2015
We examine economic activity in a large virtual economy which was designed to allow decentralized barter as the sole exchange institution. We find that a small subset of goods emerges endogenously which act of media of exchange. Our analysis includes estimation of spot exchange rates between...
Persistent link: https://www.econbiz.de/10011406338
Cover Image
Diversity and uniformity in economic theory as an explanation of the recent economic crisis
Kregel, Jan - 2012
Market economies and command economies have long been differentiated by the presence of alternative choice in the form of diversity. Yet most mainstream economic theory is premised on the existence of uniformity. This paper develops the implications of this contradiction for the theory of...
Persistent link: https://www.econbiz.de/10010318657
Cover Image
Analysis of Inflation Trends in Urban and Rural Parts of Azerbaijan : Main Drivers and Links to Oil Revenue
Niftiyev, Ibrahim - 2020
Inflation is one of the most important economic indicators for a country. Understanding inflation based on the consumer spending patterns allows for better conceptualization of the phenomenon and improved policy responses for the unwanted developments, more precisely, increased price levels in...
Persistent link: https://www.econbiz.de/10014090951
Cover Image
The conflictive relationship between satisfaction and income
Lora, Eduardo; Chaparro, Juan Camilo - 2008
This paper makes use of the 2006 Gallup World Survey, which includes opinions on satisfaction with various aspects of life in 130 countries. Although a very solid relationship is found between satisfaction and income (both across and within countries), raising doubts regarding the well-known...
Persistent link: https://www.econbiz.de/10010278209
Cover Image
Driving Forces of Informal Sanctions
Falk, Armin; Fehr, Ernst; Fischbacher, Urs - 2001
This paper examines the determinants of informal sanctions by a large number of experiments.
Persistent link: https://www.econbiz.de/10005846433
Cover Image
Transaction Costs, Money and Units of Account
Bengtsson, Ingemar - 2005
In the paper, an analogy with length measurement is applied in order to explore the nature of the unit for value measurement, i.e. the unit of account. As the meter is defined as the length traveled by light in vacuum during 1/299 792 458 of a second, the unit of account krona is defined as the...
Persistent link: https://www.econbiz.de/10013208484
Cover Image
What happened to the knowledge economy? ICT, intangible investment and Britain's productivity record revisited
Marrano, Mauro Giorgio; Haskel, Jonathan; Wallis, Gavin - 2007
appears unaffected: investment rates are flat, and productivity has slowed down. We investigate whether measurement issues … as intermediate consumption. Thus they do not count as either GDP or investment. We ask how treating such spending as … labour shares, growth in labour and total factor productivity, and capital deepening. We find (a) MGVA was understated by …
Persistent link: https://www.econbiz.de/10010284188
Cover Image
The Covid-19 pandemic spurred growth in automation: What does this mean for minority workers?
Broady, Kristen; Booth Bell, Darlene; Barr, Anthony; … - 2023
The Covid-19 pandemic has accelerated trends in automation as many employers seek to save on labor costs amid widespread illness, increased worker leverage, and market pressures to onshore supply chains. While existing research has explored how automation may displace nonspecialized jobs, there...
Persistent link: https://www.econbiz.de/10014480645