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The majority of published studies about the relation between institutional and entrepreneurial factors lack of an adequate empirical study. Due to the importance that the institutional environment has acquired in the last few years, we consider necessary a rigorous analysis using quantitative...
Persistent link: https://www.econbiz.de/10011307176
This paper shows that the evolution of the level of Mexico real and real per capita output between 1895 and 2008 can be adequately described through a trendstationary model, affected by 4 structural breaks, which occurred at dates that seem to coincide with domestic institutional arrangements,...
Persistent link: https://www.econbiz.de/10010322550
Persistent link: https://www.econbiz.de/10011646658
It is known that, when in the linear regression model there is a high degree of multicollinearity, the results obtained by using the Ordinary Least Squares (OLS) method are unstable. As a solution to this situation, in this paper we present the raised method, the ridge method and the orthogonal...
Persistent link: https://www.econbiz.de/10011995000
The paper studies the behavior of the household saving rate during the period from 1985 to 2016. We examine the variables considered by the literature to determine the long-term saving rate: Income, wealth, unemployment, credit and indebtedness, public savings, population structure, social...
Persistent link: https://www.econbiz.de/10011995006
Persistent link: https://www.econbiz.de/10012057264
Through a VECM, during 1961-2017 in Argentina, we found cointegration between the Multilateral Real Exchange Rate and four fundamental variables: Net Foreign Assets, Public Expenditure, Terms of Trade, and Productivity. Defining the Real Exchange Rate as domestic prices in dollars, we estimate a...
Persistent link: https://www.econbiz.de/10012099656
En este documento se analiza el modo en que ha cambiado la eficiencia en las entidades financieras suecas desde la … crisis bancaria de 1993. Calculamos las eficiencias variables e invariables en el tiempo de las entidades financieras suecas … desde 1996 a 2011, utilizando tres diferentes estimadores. Dichos estimadores de la eficiencia son: el Modelo Agregado …
Persistent link: https://www.econbiz.de/10012115889
El presente trabajo estudia la dinámica de la inflación en Bolivia usando la Curva de Phillips Híbrida Nueva Keynesiana … expectativas de los agentes, determinados conflictos sociales y políticas de gobierno que afectaron el nivel de precios. La … estimación se la realiza por el Método Generalizado de Momentos. El principal resultado es la alta frecuencia de fijación de …
Persistent link: https://www.econbiz.de/10011941045