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The paper develops empirical implementations of the standard time-varying Panel Bayesian VAR model to deal with confounding and latent effects. Bayesian computations and mixed hierarchical distributions are used to generate posteriors of conditional impulse responses and conditional forecasts....
Persistent link: https://www.econbiz.de/10011948481
Labor productivity in Turkey, Spain, Belgium, Austria, Switzerland, and New Zealand has been analyzed and modeled. These counties extend the previously analyzed set of the US, UK, Japan, France, Italy, and Canada. Modelling is based on the link between the rate of labor participation and real...
Persistent link: https://www.econbiz.de/10013159944
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This paper contributes to the productivity literature by using results from firm-level productivity studies to improve forecasts of macro-level productivity growth. The paper employs current research methods on estimating firm-level productivity to build times-series components that capture the...
Persistent link: https://www.econbiz.de/10011378362
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. We propose a model, Step And Wait (SAW), for predicting the path of technological innovation and compare its performance …
Persistent link: https://www.econbiz.de/10014040425
We propose a simple model where the innovation rate of a technological domain depends on the innovation rate of the … predictability of innovation rates can be boosted substantially when network effects are taken into account. In the case where a … technology's neighbourhood further innovation rates are known, the average predictability gain is 28% compared to simpler time …
Persistent link: https://www.econbiz.de/10014101485