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All of the recent empirical work on the relationship between income inequality and economic growth has used inequality data that are not consistently measured. This paper argues that this is inappropriate and shows that the significant negative correlation often found between income inequality...
Persistent link: https://www.econbiz.de/10010279361
This paper investigates the relationship between infrastructure and rural economic development. It begins by reviewing the progress of Chinese economic and rural reform and analyzes the challenges faced by the government of the People's Republic of China (PRC). Then, based on the review, an...
Persistent link: https://www.econbiz.de/10010279693
During the past five years or so, most East Asian economies including the Philippines experienced a rising level of foreign exchange reserves and rapidly appreciating currencies both in nominal and real terms. One cause has been the resurgence of capital flows, which makes the issue of how to...
Persistent link: https://www.econbiz.de/10010279696
This paper explores the complex process of rural development at the community level in the Philippines. From the complementation among the essential elements of rural development (social infrastructure, physical infrastructure, and financial services), linkages are traced towards the attainment...
Persistent link: https://www.econbiz.de/10010279702
This dissertation consists of three stand-alone research papers, all of which treat the topic of estimation and dynamic … categories - estimation (Chapter 1 and 2) and dynamic modelling (Chapter 3), and are intentionally arranged in a particular … assets in the presence of a host of market microstructure frictions. An extension to this problem, where both the estimation …
Persistent link: https://www.econbiz.de/10009471603
unavailable. This paper presents a Small Area Estimation (SAE) technique called Conditional Monte Carlo (CMC). CMC provides robust …
Persistent link: https://www.econbiz.de/10014540318
therefore on model specification and model estimation with subsequent model validation. Hedonic models are already a versatile …
Persistent link: https://www.econbiz.de/10014565914
This paper shows that preferences alone cannot explain the patterns reported in the literature.
Persistent link: https://www.econbiz.de/10005843337
This paper proposes a novel methodology, based on the Common Principal Component analysis, allowing one to estimate the factors driving the term structure of interest rates, in the presence of time-varying covariance structure.
Persistent link: https://www.econbiz.de/10005843340
Many economic and econometric applications require the integration of functions lacking a closed form antiderivative, which is therefore a task that can only be solved by numerical methods. We propose a new family of probability densities that can be used as substitutes and have the property of...
Persistent link: https://www.econbiz.de/10005843731