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Inflation dynamics and trade openness: with an application to South Africa

Aron, Janine; Muellbauer, John - 2007

Evolving openness to trade is hard to measure, despite its relevance to models of growth, inflation and exchange rates. Our innovative technique measures trade openness encompassing both observable trade policy (tariffs and surcharges) and unobservable trade policy (quotas and other nontariff...

Persistent link: https://www.econbiz.de/10009441495

Output volatility in developing countries

De Hart, Petrus Jacobus - 2008

Over the past few decades, many countries have experienced a marked decline in the volatility of output. However, there is still a significant difference between developed and developing countries in the level of output volatility. A proposed explanation for this phenomenon is the impact of...

Persistent link: https://www.econbiz.de/10009457744

The contagious currency crises

Tskhadadze, Keti - 2019

The purpose of this paper is to analyze the contagious currency crisis, which is characterized by regional nature. As the changing of the economic circumstances in one country does affect on the other country’s economy, it is important to analyze some direct and indirect effects. The currency...

Persistent link: https://www.econbiz.de/10012064039

Testing for Consistency in Tourists' Willingness to Pay for New Nature Reserves in the Gulf of Morbihan (France)

Voltaire, Louinord; Nassiri, Abdelhak; Bailly, Denis; … - 2011

In this paper, we develop an empirical test of consistency in contingent willingness topay (WTP) responses, which is based on the following a priori expectation. In economics,when an individual considers paying for public goods, his decision to pay, and his WTP arebased on utility-maximising...

Persistent link: https://www.econbiz.de/10009442761

Does Duality Theory Hold in Practice? A Monte Carlo Analysis for U.S. Agriculture

Rosas, Francisco; Lence, Sergio H. - 2011

The Neoclassical theory of production establishes a dual relationship between the profit value function of a competitive firm and its underlying production technology. This relationship, usually referred to as the duality theory, has been widely used in empirical work to estimate production...

Persistent link: https://www.econbiz.de/10009444351

Do Fertilizer Subsidies Affect the Demand for Commercial Fertilizer? An Example from Malawi

Ricker-Gilbert, Jacob; Jayne, Thomas S. - 2009

function approach to deal with endogeneity of subsidized fertilizer in a commercial fertilizer demand equation. Our results …

Persistent link: https://www.econbiz.de/10009444833

Does Economic Endogeneity of Site Facilities in Recreation Demand Models Lead to Statistical Endogeneity?

Chen, Min - 2009

recreation sites. Although some kinds of endogeneity problems have been studied in previous literature, no study has addressed … recreation site improvements are more likely to occur at the more popular sites, then this economic endogeneity might cause … under what situations this economic endogeneity will lead to statistical endogeneity. …

Persistent link: https://www.econbiz.de/10009446505

Understanding the relationship between founder-CEOs and firm performance

Adams, Renee; Heitor, Almeida; Ferreira, Daniel - 2009

We use instrumental variables methods to disentangle the effect of founder–CEOs on performance from the effect of performance on founder–CEO status. Our instruments for founder–CEO status are the proportion of the firm's founders that are dead and the number of people who founded the...

Persistent link: https://www.econbiz.de/10009448159

AN EMPIRICAL ANALYSIS OF PENSIONS FOR THE LABOR MARKET

Hill, Tomeka - 2006

longitudinal and national, include worker and firm information, and provide information that helps deal with endogeneity between …

Persistent link: https://www.econbiz.de/10009466177

The returns to education : microeconomics

Harmon, Colm; Oosterbeek, Hessel; Walker, Ian - 2003

In this paper we focus on education as a private decision to invest in ‘human capital’ and the estimation of the rate of return to that private investment. While the literature is replete with studies that estimate the rate of return using regression methods where the estimated return is...

Persistent link: https://www.econbiz.de/10009475659