Showing 101 - 110 of 533
“The buffer stock theory” derived from the intertemporal utility maximization predicts that an increase in wealth will dampen the motive for precautionary savings and therefore reduce consumption’s over-sensitivity with respect to income changes. Since over the last forty years Taiwan has...
Persistent link: https://www.econbiz.de/10008632918
Artificial neural networks (ANNs) constitute a class of flexible nonlinear models designed to mimic biological neural systems. In this entry, we introduce ANN using familiar econometric terminology and provide an overview of ANN modeling approach and its implementation methods.
Persistent link: https://www.econbiz.de/10008632919
This paper examines the eectiveness of environmental policies in curtailing pollution of a rm which is operating in a space economy under stochastic emissions. We consider a general n-input planar space production-location model, in which the output is produced jointly with the byproduct...
Persistent link: https://www.econbiz.de/10008632920
Panels of regional unemployment data across different demographic groups are examined to explore the sources of the deterioration in employment in Taiwan during the past decade. The application of the two-factor fixed-effects estimation approach leads to two main findings. First, wide regional...
Persistent link: https://www.econbiz.de/10008632921
This paper reexamine Tiebout’s hypothesis of endogenous sorting in a competitive spatial equilibrium setup with both income and preference heterogeneity. Agents decide endogenously the number of trips to consume a travel-for congestable local public good. We show that the equilibrium...
Persistent link: https://www.econbiz.de/10008632922
This paper models the firm as a community à la Akerlof (1980) to account for asymmetric behavior, and in particular, downward rigidity of wages. It is shown that, through social interaction among workers in the firm community, wage cuts can give rise to a large, discontinuous fall in labor...
Persistent link: https://www.econbiz.de/10008632923
This paper proposes two innovative algorithms to estimate a general class of N-state Markov-switching autoregressive moving-average (MS-ARMA) models with a sample of size T. To resolve the problem of NT possible routes induced by the presence of MA parameters, the first algorithm is built on...
Persistent link: https://www.econbiz.de/10008458456
This paper studies the role of an endogenous time preference on the relationship between inflation and growth in the long run in both the money-in-utility-function (MIUF) and transaction costs (TC) models. We establish a qualitative equivalence between the two models in a setup without a...
Persistent link: https://www.econbiz.de/10008458457
In contrast to the results in Mayer and Riphahn (2000) where no distinction is made between the causes of economic as well as political immigrants, this paper shows that compared to native Taiwanese, the parental refugee experience results in a lower completed fertility of the children’s...
Persistent link: https://www.econbiz.de/10008458458
This paper considers the instrumental variables (IV) estimation of the autoregressive distributed lag (ADL) model consisting of fractionally integrated regressors and disturbance term, while allowing for part of the regressors to be endogenous. The idea of Liviatan (1963) and that of Tsay (2007)...
Persistent link: https://www.econbiz.de/10008458459