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Any researcher would certainly agree with Hamermesh’s (1993:34) intuition about separability that the ease of substitution between any two production factors should be unaffected by a third factor that is separable from the others. This paper emphasizes that such a notion of separability needs...
Persistent link: https://www.econbiz.de/10003304380
Any researcher would certainly agree with Hamermesh's (1993:34) intuition about separability that the ease of substitution between any two production factors should be unaffected by a third factor that is separable from the others. This paper emphasizes that such a notion of separability needs...
Persistent link: https://www.econbiz.de/10014058629
Along with the oil price, concerns about the security of energy supply have soared once again in recent years. Yet … parameter. Applying the proposed concept to empirical energy data on Germany and the U.S. (1980-2004), we find that there is an … inter-temporally increasing gap in the energy supply risk between both countries, with Germany suffering much more from a …
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inflation sentiment. We construct some simple measures of inflation sentiment which capture whether price acceleration is shared … indicators for the US and Germany, we demonstrate that our inflation sentiment indicators improve forecast accuracy in comparison …
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In this paper, the inter-industry wage structure in West Germany and USA is compared using the German Socio …
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