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SEMIFAR models introduced in Beran (1999) provide a semiparametric modelling framework that enables the data analyst to separate deterministic and stochastic trends as well as short- and long-memory components in an observed time series. A correct distinction between these components, and in...
Persistent link: https://www.econbiz.de/10010324082
We use several well-being measures that combine average income with a measure of inequality to undertake international, intertemporal, and global comparisons of well-being. The conclusions emerging from the analysis are that our well-being measures drastically change our impression of levels of...
Persistent link: https://www.econbiz.de/10010324182
. Our global analysis covering ca. 81 per cent of the world's population demonstrates that global well-being is at least 50 … per cent smaller than world per capita income if the unequal income distribution is also factored in. Conversely, growth … in world well-being has been larger than world income growth between 1970-1998. Since the inclusion of inequality has an …
Persistent link: https://www.econbiz.de/10010324183
In this study, we investigate whether population aging influences employment shares in different economic sectors. To this end, we employ dynamic panel data analysis. Our unbalanced data set comprises 54 countries and extends to a maximum time period from 1970 till 2004. Our results suggest that...
Persistent link: https://www.econbiz.de/10010324260
In this paper, we employ a portfolio approach based on a two-country world to study the impact of financial openness on …
Persistent link: https://www.econbiz.de/10010324295
USA attracts highly skilled people from all over the world because of a number of natural as well as artificial benefits …
Persistent link: https://www.econbiz.de/10010324315
The future sustainability of the urban transport system is largely determined by the technological composition of and measures introduced in the system. This composition is dependent on many background factors. This paper investigates this relationship by means of a panel analysis of experts'...
Persistent link: https://www.econbiz.de/10010324405
Exchange rates typically exhibit time-varying patterns in both means andvariances. The histograms of such series indicate heavy tails. In thispaper we construct models which enable a decision-maker to analyze theimplications of such time series patterns for currency risk management.Our approach...
Persistent link: https://www.econbiz.de/10010324426
Growth empirics with institutional measures is performed for 25 transition countries overthe period 1990-95. Estimation results suggest that (particularly state) institutions aresignificant for growth and, especially, foreign direct investment (FDI), the latter in turnbeing important for the...
Persistent link: https://www.econbiz.de/10010324449
We investigate the formation and structure of 248 financial exchangesthroughout the world. First, we empirically …
Persistent link: https://www.econbiz.de/10010324467