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La littérature contient très peu de recherches empiriques concernant les effets distributifs du système sociofiscal à l’intérieur du ménage. Nous simulons cet effet dans le cadre du modèle collectif d’offre de travail lorsque l’on passe d’une taxation jointe à une taxation...
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This study describes a simple model for predicting the real U.S. exchange rate. Starting with a large number of error-correction models, the authors choose the one giving the best out-of-sample forecasts over the period 1992Q3 - 2002Q1. In the selected model, the effective real exchange rate is...
Persistent link: https://www.econbiz.de/10005673308
, the impact of the durations of utilization in a production function remains largely unknown, particularly in terms of the …-Douglas production function that accounts for the volumes and durations of factor utilization. They draw on the framework proposed by … Blundell and Bond (2000), assuming that serially correlated shocks allow a dynamic representation of the production function …
Persistent link: https://www.econbiz.de/10005808313
Traditional structural models cannot distinguish whether changes in activity are a function of altered expectations today or lagged responses to past plans. Polynomial-adjustment-cost (PAC) models remove this ambiguity by explicitly separating observed dynamic behaviour into movements that have...
Persistent link: https://www.econbiz.de/10005808324
In an overlapping-generations model that represents a small open economy, where agents live two periods, liquidity constraints lead to low economic development when the only accumulable factor is human capital. In the context of multiple equilibria, an underdevelopment trap can result in which...
Persistent link: https://www.econbiz.de/10005808356
substitution (CES) production function and the implications of this formulation for the properties of a structural macroeconomic … model. He then seeks to determine whether Canadian macroeconomic data correlate better with a CES production function with …-Douglas function, or with a CES function whose elasticity of substitution is different from one. Cobb-Douglas-type production functions …
Persistent link: https://www.econbiz.de/10005162482
Using French data on industrial firms over the period 1989-2001, the authors estimate a "flexible" Translog production … Bond (2000), assuming that serially correlated shocks allow a dynamic representation of the production function, and they … consideration in the production function. Otherwise, the Translog specification is preferred to the Cobb-Douglas production function. …
Persistent link: https://www.econbiz.de/10005536880
Die Auswirkungen unseres Konsums sind weltweit spürbar: Die EU ist abhängig von der Einfuhr von Energie und Rohstoffen, und ein immer größerer Anteil der in Europa verbrauchten Produkte wird in anderen Teilen der Welt produziert. Nicht-nachhaltige Verbrauchs- und Produktionsmuster haben...
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