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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

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

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

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

Trend und Zyklus im Bruttoinlandsprodukt der Bundesrepublik Deutschland / Trends and Cycles in the Gross Domestic Product of the Federal Republic of Germany : Zur ökonometrischen E...

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

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

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

Cycology – what has been learnt from previous real estate cycles?

Durkin, Simon - In: Journal of Property Investment & Finance 35 (2017) 4, pp. 427-435

Purpose The purpose of this paper is to look at the lessons learnt from the previous real estate cycles based on a …

Persistent link: https://www.econbiz.de/10014898805

How long is UK property cycle?

Jadevicius, Arvydas; Huston, Simon Hugh - In: Journal of Property Investment & Finance 35 (2017) 4, pp. 410-426

Purpose The purpose of this paper is to assess the duration of the UK commercial property cycles, their volatility and … persistence to gauge future market direction. Design/methodology/approach The study employs a novel approach to dissect cycles in … past values to assess the level of persistence. The sequential steps screen the length of the cycles in UK commercial …

Persistent link: https://www.econbiz.de/10014899047

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