Western J., StimsonR., Baum S. and Van Gellecum Y. (2005) Measuring community strength and social capital, Regional Studies 39 , 1095-1109. Five case study communities in both metropolitan and regional urban locations in Australia are used as test sites to develop measures of 'community...

Neben spezifischen Objektattributen ist die Lage eine der fundamentalen Immobilienpreisdeterminanten. Aber wie bedeutsam ist die Lage im Vergleich zur Wohnfläche oder zum Alter einer Immobilie? Unsere Ergebnisse zeigen, dass die relative Bedeutung der Lage hinsichtlich des Bestimmtheitsmaßes...

This paper explores the relationship between the degree of division or fractionalization of a country’s population (along ethnolinguistic and religious dimensions) and both political instability and government consumption, using a neoclassical growth model. The principal idea is that greater...

This paper proposes a new way of computing a coincident indicator for economic activity in France using data from business surveys. We use the generalized dynamic factor model à la Forni and others (2000) to extract common components from a large number of survey observations. The results...

Researchers are often interested in testing for measurement invariance with respect to an ordinal auxiliary variable such as age group, income class, or school grade. In a factor-analytic context, these tests are traditionally carried out via a likelihood ratio test statistic comparing a model...

Robust GDP growth, declining unemployment, low and stable inflation, and a string of fiscal and current account surpluses -- it's a record to be envied. These outcomes in Canada owe much to sound macroeconomic policies, as well as to a favorable external environment. This book focuses on these...

This paper analyzes the transmission of shocks and policies among and across the Nordic economies and the rest of the world. This spillover analysis is based on a pair of estimated structural macroeconometric models of the world economy, disaggregated into thirty five national economies. We find...

This paper constructs a financial conditions index for Poland to explore the link between financial conditions and real economic activity. The index in constructed by applying two complementary approaches—factor analysis and vector auto-regression approach. We evaluate the index’s...