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satisfactory historical narrative) the reasons why the United Kingdom evolved between the Glorious Revolution of 1688 and the … inaugurated the modern debate with the publication of The Financial Revolution in England some four decades ago.That seminal book …
Persistent link: https://www.econbiz.de/10005870565
The Industrial Revolution continues to be analysed by economic historians deploying the conceptual vocabularies of … their aspirations to recover the meanings of the Revolution for those who lived through its turmoil and for ‘witnesses’ from … reconstructions of the Revolution are only apparently in conflict and above all that a contextualised analysis of observations of …
Persistent link: https://www.econbiz.de/10005870578
Historical narratives which place the Glorious Revolution at the beginning and Parliament near the centre of …
Persistent link: https://www.econbiz.de/10005870702
This study provides a unied growth theory to correctly predictthe initially negative and subsequently positive relationship between child mortalityand net reproduction observed in industrialized countries over the courseof their demographic transitions. The model captures the intricate...
Persistent link: https://www.econbiz.de/10005870762
In the shadow of rising divorce and non-marital birth rates, nearly twothirdsof all American children today will live apart from at least one oftheir parents, usually the father. Clearly this astonishing proportion ofnon-resident fathers has serious implications for the economic,employment, and...
Persistent link: https://www.econbiz.de/10008756558
In the past decade there has been a minor revolution in how local services are funded.Those delivering the services now …
Persistent link: https://www.econbiz.de/10008766038
We analyze the stability and dynamics of an overlapping generations model with imperfectlycompetitive labour markets...
Persistent link: https://www.econbiz.de/10005860766
This paper takes a fresh look at the analysis of labour market dynamics and argues thatcapital accumulation plays a fundamental role in shaping unemployment movements. Thisrole has generally been examined by considering indirect transmission channels of thecapital stock effects, i.e. using...
Persistent link: https://www.econbiz.de/10005861659
In this study, we develop a technique for estimating a firm’s expected cost of equity capital derivedfrom analyst consensus forecasts and stock prices. Building on the work of Gebhardt/Lee/-Swaminathan (2001) and Easton/Taylor/Shroff/Sougiannis (2002), our approach allows dailyestimation, using...
Persistent link: https://www.econbiz.de/10005844578
This paper introduces a novel approach for dealing with the curse of dimensionality in thecase of large linear dynamic systems. Restrictions on the coefficients of an unrestricted VARare proposed that are binding only in a limit as the number of endogenous variables tends toinfinity...
Persistent link: https://www.econbiz.de/10008939752