Showing 1 - 10 of 2,554
Persistent link: https://www.econbiz.de/10010371527
Persistent link: https://www.econbiz.de/10011897214
Persistent link: https://www.econbiz.de/10011738958
This document describes and discusses a new supply side framework that quantifies the impact of structural reforms on per capita income in OECD countries. It presents the overall macroeconomic impacts of reforms by aggregating over the effects on physical capital, employment and productivity...
Persistent link: https://www.econbiz.de/10011638280
In this paper we present finite T mean and variance correction factors and corresponding response surface regressions for the panel cointegration tests presented in Pedroni (1999, 2004), Westerlund (2005), Larsson et al. (2001), and Breitung (2005). For the single equation tests we consider up...
Persistent link: https://www.econbiz.de/10010294038
Reproducibility of economic research has attracted considerable attention in recent years. So far, the discussion has focused on reproducibility of empirical analyses. This paper addresses a further aspect of reproducibility, the reproducibility of computational experiments. We examine the...
Persistent link: https://www.econbiz.de/10010294814
. Simulation methods have been developed to approximate a solution for these integrals. This paper describes the Standard Halton … sequence and a modification of it, the Shuffled Halton sequence. Both are simulation methods which can reduce computational … effort compared to a random sequence. We compare the simulation methods in their coverage of the multi-dimensional area and …
Persistent link: https://www.econbiz.de/10011375025
The great financial turmoil that started 2007 has brought bank regulation back into the political debate. There is talk about imposing new regulations on banks and other financial intermediaries. Yet, we are not convinced that it is completely understood how the existing regulation affects...
Persistent link: https://www.econbiz.de/10011390660
In this article we extend the agent-based model of firms' formation and growth proposed in [4]. In [4] the firms' creation, expansion or contraction results from the interaction of heterogeneous utility maximizers. While the original model was able to replicate the power law distribution in the...
Persistent link: https://www.econbiz.de/10010322258
Using a simple computational model, we study consequences of herding behavior in population of agents connected in networks with different topologies: random networks, small-world networks and scale-free networks. Agents sequentially choose between two technologies using very simple rules based...
Persistent link: https://www.econbiz.de/10010322328