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The focus of this paper is on the microeconometric analysis of spatial choice in a cross section. Nested multinomial logit models are used to analyze the determi-nants of individual choice among destinations and vacation activities. Cramer and Ridder's likelihood ratio test for pooled...
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This paper explains and forecasts the demand for banknotes issued in Germany. For small and large denomination notes we … estimate vector error correction models (VECM). The results suggest that the long-run demand for German small denomination … notes is mainly driven by domestic transactions and demand from outside the euro area. The transaction motive in the rest of …
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