Similar Search Results

Long-run forecasting in multicointegrated systems

Engsted, Tom; Siliverstovs, Boriss; Haldrup, Niels - 2003

We extend the analysis of Christoffersen and Diebold (1998) on long-run forecasting in cointegrated systems to multicointegrated systems. For the forecast evaluation we consider several loss functions, each of which has a particular interpretation in the context of stock-flow models where...

Persistent link: https://www.econbiz.de/10010260703

Unusual behaviour of Dickey-Fuller tests in the presence of trend misspecification : Comment

Siliverstovs, Boriss - 2003

In this paper we present explanation on the phenomenon pointed out in Cook and Manning (2002) on the unusual behaviour of the Dickey-Fuller test in the presence of trend misspecification. It appears that the rejection frequency of the unit root tests in the presence of trend misspecification is...

Persistent link: https://www.econbiz.de/10010260712

The Incentives for Takeover in Oligopoly

Inderst, Roman; Wey, Christian - 2004

We present a model of takeover where the target optimally sets its reserve price. Under relatively standard symmetry restrictions, we obtain a unique equilibrium. The probability of takeover is only a function of the number of firms and of the insiders' share of total industry gains due to the...

Persistent link: https://www.econbiz.de/10010260718

The Welfare State, Thresholds, and Economic Growth

Fic, Tatiana; Ghate, Chetan - 2004

Can a growing welfare state induce a regime switch in the growth rate of an economy? This paper constructs a dynamic … political economy model of economic growth and the welfare state in which both variables are non-linearly related and jointly … endogenous. Using a Markov switching framework over the period 1950-2001, we find that the structural decline in growth rates …

Persistent link: https://www.econbiz.de/10010260719

Induced Technological Change in a Multiregional, Multi-sectoral Integrated Assessment Model (WIAGEM) : Impact Assessment of Climate Policy Strategies

Kemfert, Claudia - 2004

increased R&D expenditures that advance energy efficiencies. Model results show that induced technological changes due to … find that increased R&D expenditures improve energy efficiency that substantially lowers abatement costs. Without the …

Persistent link: https://www.econbiz.de/10010260722

Russia's debt crisis and the unofficial economy

Schrooten, Mechthild; Lusinyan, Lusine; Heinrich, Ralph P. - 2000

Russia's foreign debt problems worsened substantially after the financial crisis of 1998. The paper focuses on the key role of the government in servicing foreign debt and promoting institution building by showing how foreign debt influences the choice between official and unofficial taxation....

Persistent link: https://www.econbiz.de/10010260724

On the optimality of activist policies with a less informed government

Bénassy, Jean-Pascal - 1999

We investigate whether a government should lead an activist policy in a rigorous utility maximizing framework under rational expectations. The economy is a monetary one with preset wages, and is subject to both demand and supply shocks. It is assumed that the government can never act on the...

Persistent link: https://www.econbiz.de/10010260729

Lohnspreizung und Arbeitslosigkeit : theoretische Erklärungsansätze und Stand empirischer Forschung

Kohnz, Simone; Erber, Georg - 2000

[Inhaltsverzeichnis] 1. Lohnspreizung - Ein gesellschaftspolitisches Problem 2. Theoretische Erklärungsansätze zur Lohnspreizung 2.1. Einfaches Arbeitsmarktmodell mit homogenen Arbeitsangebot 2.2. Einfaches Arbeitsmarktmodell mit heterogenen Arbeitsangebot 2.3. trade-off-Hypothese zwischen...

Persistent link: https://www.econbiz.de/10010260732

Derivation of design weights: the case of the German socio-economic panel (GSOEP)

Spiess, Martin - 2000

Design-based estimators of totals, means or proportions in finite populations generally are functions of weighted sums. If each element selected into the sample is also observed, then for the calculation of the pi-estimator these weights are just the inverse inclusion probabilities of the...

Persistent link: https://www.econbiz.de/10010260734

Combining an ongoing panel with a new cross-sectional sample

Spiess, Martin; Rendtel, Ulrich - 2000

In this paper, a weight is derived for the calculation of design based estimators of totals, means and proportions using the ongoing German Socio-Economic Panel (GSOEP) and a new cross-sectional sample. In the first part of the paper, the selection schemes of the subsamples A, B, C and D of the...

Persistent link: https://www.econbiz.de/10010260735