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Time horizon and the discount rate
Gollier, Christian - 1999
We discuss the selection of the socially efficient discount rate for public investment projects that entail costs and benefits in the far distant future. We show that the discount rate should be a decreasing function of time horizon under some specific restrictions on the distribution of...
Persistent link: https://www.econbiz.de/10011608551
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Happiness and economic growth: The evidence
Easterlin, Richard A. - 2013
Long term trends in happiness and income are not related; short term fluctuations in happiness and income are positively associated. Evidence for this is found in time series data for developed countries, transition countries, and less developed countries, whether analyzed separately or pooled....
Persistent link: https://www.econbiz.de/10010330131
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The Role of Hypothesis Testing in the Molding of Econometric Models
Hoover, Kevin D. - 2012
economic hypotheses. The issue is formulated in the context of recent philosophical accounts on the nature of models and …
Persistent link: https://www.econbiz.de/10011592192
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Modeling Economic Growth: Domar on Moving Equilibrium
Boianovsky, Mauro - 2015
duration. Reactions to Domar' s approach at the time brought about methodological assertions on the distinction between models …
Persistent link: https://www.econbiz.de/10011592244
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Export promotion organizations in Latin America and the Caribbean: An institutional portrait
Jordana, Jacint; Volpe Martincus, Christian; Gallo, Andrés - 2010
Virtually all Latin American and Caribbean countries have established specialized organizations to promote their exports. Existing analyses of these organizations are at best partial and fragmentary. This paper aims at overcoming these limitations of the literature by presenting a consistent,...
Persistent link: https://www.econbiz.de/10011314068
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Economic and environmental sustainability: A dynamic approach in insular systems
Cavallaro, Fausto; Ciraolo, Luigi - 2002
Environmental resources constitute the 'raw materials' for tourism. This sector represents the driving force behind the economy of small islands. The sustainable use and a rational policy of conservation of these resources are prerequisites to enable their full exploitation. However, island...
Persistent link: https://www.econbiz.de/10011335688
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Trends and Patterns of Growth, Development, Achievements of China and India: A Comparative Analysis
Bhattacharyay, Biswa Nath; Bhattacharyay, Madhurima - 2016
as growth models have been different. The major objective of this paper is to compare the policies, institutions … terms of trends and patterns of growth and development, economic models, sources and drivers of growth; achievements …
Persistent link: https://www.econbiz.de/10011451414
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On the Structure of Behavioral Multistate Duration Models
Dagsvik, J.K. - 1998
discrete choice models in the absence of state dependence. This assumption extends Luce's axiom; Independence from Irrelevant …
Persistent link: https://www.econbiz.de/10010330292
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Deriving Bounds on the Structural Vector when the Measurement Errors are Correlated: An Elaboration of the Frisch/Reiersol Approach
Willasen, Y. - 1998
In the general linear errors-in-variables model the main results have been derived under the assuption that the measurement errors are uncorrelated. However, as recognized by Bekker, Kapteyn and Wansbeek (BKW) (1997) and Lach (1993) this is often a problematic assumption to maintain in empirical...
Persistent link: https://www.econbiz.de/10010330295
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Unrealistic models and how to identify them: on accounts of model realisticness
Gräbner, Claudius - 2019
model-world comparisons as well as the ontology of models and their targets. Without such commitments it is not feasible to … based on an antirealist fictional view of models, a commitment to realism about mathematical objects, and the DEKI account … regularly apply validation techniques to assess the realisticness of models. This practice can nicely be accommodated for in the …
Persistent link: https://www.econbiz.de/10011984905