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factors for households and compare these estimates of their patience to their replacement rates-the simple measure often used …
Persistent link: https://www.econbiz.de/10012213993
Persistent link: https://www.econbiz.de/10011576722
Formal dynamic analyses of household portfolio choice in the literature focus on holdings of equity and a risk-free asset or bonds of different maturities, neglecting the interdependence of the decisions to invest in equity, short-term and longterm bonds made by households. Data from the Survey...
Persistent link: https://www.econbiz.de/10012049362
The preference to receive benefits as early as possible and delay costs as much as possible is natural for people. That means a positive discount rate in the intertemporal choice, which is a common assumption in economics. However, as research in behavioral economics proves, in certain...
Persistent link: https://www.econbiz.de/10012821522
In this study, we examine the contributions of growth and redistribution to poverty reduction in Mexico during the … reduction into components arising from growth, improved income distribution, and heterogeneous inflation. We find the component … level from the household data and estimate a system of equations that characterize the dynamic relationship between growth …
Persistent link: https://www.econbiz.de/10012029548
TSL have an adverse effect on both TFP and output growth. Finally, the effect of WPR and TSL on the business cycle (shock …/output growth and the shock propagation mechanism results to provide strong evidence that Greece and to a lesser extent Spain and …
Persistent link: https://www.econbiz.de/10011821749
presents empirical studies related to economic growth and its determinants across countries, based on the use of data …
Persistent link: https://www.econbiz.de/10011841918
Empirical studies outline developing countries’ experience economic growth through an undervalued exchange rate and … that exchange rate overvaluations have negative long term effects on economic growth. This paper examined the impact of … exchange rate movements as well as exchange rate misalignments on economic growth for the Trinidad and Tobago economy over the …
Persistent link: https://www.econbiz.de/10011956526
This paper is the first to study a comparatively new Environmental Kuznets Curve which traces empirically the relationship between environmental abatement and real GDP. Our model is a partial linear semi parametric model that allows for two way fixed effects to eliminate the bias arising from...
Persistent link: https://www.econbiz.de/10012389804
(TFP), and has higher internal rates of return than private R&D changes and therefore could speed up Japan's growth; (ii …
Persistent link: https://www.econbiz.de/10012296324