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Tracking Economic Growth by Evolving Expectations via Genetic Programming : A Two-Step Approach
Claveria, Oscar - 2018
agents' expectations from tendency surveys. First, we design a genetic programming experiment to derive mathematical …
Persistent link: https://www.econbiz.de/10012909960
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Tracking Economic Growth by Evolving Expectations Via Genetic Programming : A Two-Step Approach
Claveria, Oscar - 2018
agents' expectations from tendency surveys. First, we design a genetic programming experiment to derive mathematical …
Persistent link: https://www.econbiz.de/10012928856
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Evolution, heritable risk and skewness loving
Heller, Yuval; Robson, Arthur John - In: Theoretical economics : TE ; an open access journal in … 16 (2021) 2, pp. 403-424
Our understanding of risk preferences can be sharpened by considering their evolutionary basis. The existing literature has focused on two sources of risk: idiosyncratic risk and aggregate risk. We introduce a new source of risk, heritable risk, in which there is a positive correlation between...
Persistent link: https://www.econbiz.de/10012587359
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Risk attitudes, development, and growth : macroeconomic evidence from experiments in 30 countries
Vieider, Ferdinand M.; Chmura, Thorsten; Martinsson, Peter - 2012
We measure risk attitudes in 30 different countries in a controlled, incentivized experiment (N = 3025). At the … personal income within countries. We show that this paradox can be explained by unified growth theory. These results are …
Persistent link: https://www.econbiz.de/10009671257
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The role of information and risk sharing for R&D investment, technological change and economic welfare
Drees, Burkhard; Eckwert, Bernhard - In: Recent advances in neo-Schumpeterian economics : essays …, (pp. 101-118). 2009
Persistent link: https://www.econbiz.de/10003874297
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Individual preferences, human capital, and economic development
Vischer, Thomas - 2012
with the theory of expected utility. The present study reviews recent trends in the modeling of decision theories, with a … particular focus on the distinctive features of prospect theory. The novel contribution of this study is an empirical analysis of … study of the dissertation investigates the effect of income on democracy, based on the premise that the theory of critical …
Persistent link: https://www.econbiz.de/10009686885
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Economic Growth and Risk Taking : Is it Rational to Suffer from Increasing Disaster Losses?
Hallegatte, S. - 2013
This article draws from a study that investigates the link between development, economic growth and the economic losses from natural hazards. Increasing investments in disaster risk reduction have led to a significant reduction in human casualties, but economic losses from natural disasters have...
Persistent link: https://www.econbiz.de/10013076598
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Nowcasting and Forecasting GDP Growth with Machine-Learning Sentiment Indicators
Claveria, Oscar; Monte, Enric; Torra, Salvador - 2021
We apply the two-step machine-learning method proposed by Claveria et al. (2021) to generate country-specific sentiment indicators that provide estimates of year-on-year GDP growth rates. In the first step, by means of genetic programming, business and consumer expectations are evolved to derive...
Persistent link: https://www.econbiz.de/10013238396
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Brain gain : claims about its size and impact on welfare and growth are greatly exaggerated
Schiff, Maurice W. (contributor) - 2005
Based on static partial equilibrium analysis, the "new brain drain" literature argues that, by raising the return to education, a brain drain generates a brain gain that is, under certain conditions, larger than the brain drain itself, and that such a net brain gain results in an increase in...
Persistent link: https://www.econbiz.de/10002815345
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From Malthus to Modern Growth : Child Labor, Schooling and Human Capital
Vogel, Edgar - 2014
This paper develops a dynamic general equilibrium model of fertility, human capital accumulation, child labor and uncertain child survival focusing on the qualitative and quantitative effect of declining mortality on household decisions and economic development. Due to uncertainty about child...
Persistent link: https://www.econbiz.de/10013070900