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Governments around the world are deeply divided about the proper role of industrial policy, with some politicians …Governments around the world are deeply divided about the proper role of industrial policy, with some politicians …
Persistent link: https://www.econbiz.de/10009270206
, misspecifies the relationship between education and the stock of human capital. Based on human capital theory, the specification of … of education. Cross-country differences in qualityadjusted human capital can account for about half the world …
Persistent link: https://www.econbiz.de/10011473489
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This paper provides evidence on the degree of persistence of one of the key components of the CAPM, namely the market risk premium, as well as its volatility. The analysis applies fractional integration methods to data for the US, Germany and Japan, and for robustness purposes considers...
Persistent link: https://www.econbiz.de/10012199998
all variables proposed by theory, despite a broad set of fixed effects (FE). We find that both REERs are important and … multilateral resistances. Untangling normalization helps to get a better view of what is still unexplained by theory. …
Persistent link: https://www.econbiz.de/10011791519
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Models based on economic theory have serious problems at forecasting exchange rates better than simple univariate …
Persistent link: https://www.econbiz.de/10003765975
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