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Atkinson-Stiglitz Theorem with Endogenous Human Capital Accumulation
Naito, Hisahiro - In: The B.E. Journal of Economic Analysis & Policy 7 (2007) 1
Abstract Recently, researchers have started to re-examine the so-called Atkinson-Stiglitz theorem on optimal commodity taxation. The essence of such research is to examine whether or not it is optimal to distort markets other than the labor market for achieving the second-best resource...
Persistent link: https://www.econbiz.de/10014587596
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Human Capital and Economic Growth in OECD Countries
Middendorf, Torge - In: Jahrbücher für Nationalökonomie und Statistik 226 (2006) 6, pp. 670-686
Summary Recent studies on international student performance renewed the interest in the contribution of human capital to economic growth. So far the exploration of large country comparisons delivered rather mixed results. Concentrating on OECD member countries, this paper uses panel data...
Persistent link: https://www.econbiz.de/10014609124
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A Vague Theory of Choice over Time
Manzini, Paola; Mariotti, Marco - In: Advances in Theoretical Economics 6 (2006) 1
We propose a novel approach to modelling time preferences, based on a cognitive shortcoming of human decision makers: the perception of future events becomes increasingly `blurred' as the events are pushed further in time. Our model explains behavioural `anomalies' such as preference reversal...
Persistent link: https://www.econbiz.de/10014589002
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On Cyclical Industry Evolution in Agricultural Biotechnology R&D
Oehmke, James F; Wolf, Christopher A; Raper, Kellie Curry - In: Journal of Agricultural & Food Industrial Organization 3 (2005) 2
Over the past twenty years, the R&D-based agricultural biotechnology industry has exhibited cyclical behavior in consolidation. This paper provides a positive, theoretical model of endogenous R&D, in which the number of firms engaged in R&D exhibits cyclical behavior. Additional, empirically...
Persistent link: https://www.econbiz.de/10014601276
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Trend und Zyklus im Bruttoinlandsprodukt der Bundesrepublik Deutschland / Trends and Cycles in the Gross Domestic Product of the Federal Republic of Germany
Assenmacher, Walter - In: Jahrbücher für Nationalökonomie und Statistik 217 (1998) 5, pp. 628-649
theory while the cyclical component is a prominent issue of business cycles theory. The firm statistical foundation of the …
Persistent link: https://www.econbiz.de/10014608630
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Economic Trends and Cycles in Crime: A Study for England and Wales
Vujić, Sunčica; Koopman, Siem Jan; Commandeur, J.F. - In: Jahrbücher für Nationalökonomie und Statistik 232 (2012) 6, pp. 652-677
fully determined by the economic business cycles; (ii) explanatory variables such as sentence length, imprisonment and …
Persistent link: https://www.econbiz.de/10014609423
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Why We Should Use High Values for the Smoothing Parameter of the Hodrick-Prescott Filter
Flaig, Gebhard - In: Jahrbücher für Nationalökonomie und Statistik 235 (2015) 6, pp. 518-538
Summary The HP filter is the most popular filter for extracting the unobserved trend and cycle components from a time series. Many researchers consider the smoothing parameter λ = 1600 as something like a universal constant. It is well known that the HP filter is an optimal filter under some...
Persistent link: https://www.econbiz.de/10014609545
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Business cycles: looking beyond the downside for competitive advantages
Lorange, Peter; Datson, Edwin - In: Journal of Business Strategy 35 (2014) 1, pp. 9-19
Purpose – How can one better manage risk in situations with a lot of business cycles exposure? This article offers …
Persistent link: https://www.econbiz.de/10014846957
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A financial framework for understanding macroeconomic cycles
Lewin, Peter; Cachanosky, Nicolas - In: Journal of Financial Economic Policy 8 (2016) 2, pp. 268-280
Purpose A comprehensive understanding business cycles needs to account not only for the allocation of resources over … affected. The application of financial concepts to macroeconomic cycles shows the price mechanism through which resources are … allocated across industries. Originality/value The financial approach we offer to business cycles is fairly unexplored. As such …
Persistent link: https://www.econbiz.de/10014867081
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Long-term regional house prices cycles. A city-based index for Italy
Gabrielli, Laura; Taltavull de La Paz, Paloma; Ortuño … - In: Journal of European Real Estate Research 10 (2017) 3, pp. 303-330
paper builds long-term cycles based on the city (real) data by estimating the common components of cointegrated time series …
Persistent link: https://www.econbiz.de/10014862796