Showing 1 - 10 of 46
Summary The rise of the East-German economy in the 1950s and 1960s and its decline in the 1970s and 1980s is difficult to explain by neoclassical economics. However; the observed life cycle may be explained by the inclusion of concepts from old and new institutional economics and from functional...
Persistent link: https://www.econbiz.de/10014608780
Abstract We compare the empirical performance of a capital certain monetary services index and an index that is extended to contain assets with substantial interest rate risk, such as unit trusts, within a cointegration money demand framework for the UK. Technological changes and innovations...
Persistent link: https://www.econbiz.de/10014588363
Summary The economic works of Johann Heinrich von Thuenen include 1,000 unpublished pages of drafts and notes on the basis of which he prepared the second volume of his famous “Isolated State in Relation to Agriculture and Political Economy”. It’s bulk was not made accessible until today....
Persistent link: https://www.econbiz.de/10014609477
Purpose – The purpose of this paper is to investigate whether the inclusion of uncertainty variables in the demand for money function can produce a stable relationship in Turkey. Design/methodology/approach – The stability of a money demand function is studied by testing parameter constancy...
Persistent link: https://www.econbiz.de/10014863367
-2008Q4, estimation is based on a vector error correction model together with dynamic ordinary least square. Findings – The …
Persistent link: https://www.econbiz.de/10014864630
Abstract This paper examines five possible explanations for the Great Recession of 2008 and 2009, using data for the United States and the eurozone. Of these five hypotheses, four are not supported by the data, while the fifth appears reasonable.
Persistent link: https://www.econbiz.de/10014619313
During civil wars governments typically resort to inflation to raise revenue. A model of this phenomenon is presented, estimated, and applied to the choices and constraints faced during the postconflict period. The results show that far from there being a fiscal peace dividend, postconflict...
Persistent link: https://www.econbiz.de/10015360562
Summary We propose an estimate for the index of extreme value distribution which based on k n -record values and show its consistency and asymptotic normality. The problem of specifying the optimal value of k  =  k n involved in our estimator is investigated. Some simulation results are also...
Persistent link: https://www.econbiz.de/10014621301
. This is a critical issue as it often connects to the main objectives of any project. However, accurate estimation at the … beginning of the project is difficult. Scholars argue that project complexity is a major contributor to cost estimation … inaccuracies. Therefore, recognising the priorities of acknowledging complexity dimensions in cost estimation across similar …
Persistent link: https://www.econbiz.de/10014677838
finding were based on pure estimation. Research limitations/implications – This study is based on a single company and there …
Persistent link: https://www.econbiz.de/10014689519