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identification of parameters of the models persist as will be highlighted by examining two examples: one in growth theory and a …, macroeconomic theory appears not to be a cumulative science so far. Observational equivalence of different models and the problem of … second in testing inflation persistence. …
Persistent link: https://www.econbiz.de/10012042172
growth theory and a second in testing inflation persistence … softwares, macroeconomic theory appears not to be a cumulative science so far. Observational equivalence of different models and … the problem of identification of parameters of the models persist as will be highlighted by examining two examples: one in …
Persistent link: https://www.econbiz.de/10012902313
The determinacy of dynamic stochastic general equilibrium models including fiscal, macro-prudential or Taylor rules relies on the assumption that policy instruments are forward-looking when policy targets are also forward-looking. Blanchard and Kahn (1980) determinacy condition does not forbid...
Persistent link: https://www.econbiz.de/10012898341
Persistent link: https://www.econbiz.de/10011995427
Persistent link: https://www.econbiz.de/10012129553
Tourism is one of the growing industries in Sri Lanka in the post war development. Its contribution to the Sri Lankan economy is vital in the same context. The objective of this study is to examine the causal relationship between economic growth and tourism earning in Sri Lanka during 1977-2012....
Persistent link: https://www.econbiz.de/10013220635
There are evidences that the actual global crisis affected the convergence process in EU. Generally, just new adhered … convergence process will be affected. Synthetically, the pessimistic authors are viewing the future economic dynamics as one of so …-Swan model, Mankiw, Romer, and Weil model, etc.) and by empirical evidences, we are considering the convergence in the level of …
Persistent link: https://www.econbiz.de/10010529078
industrial robots replace low-skilled labour. We show that this has potential non-linear effects on σ-convergence and that the …
Persistent link: https://www.econbiz.de/10012125628
modelling techniques, we provide an analysis of the convergence phenomenon for both the macroeconomic variables and the …
Persistent link: https://www.econbiz.de/10011480254
evaluation. -- economic growth ; convergence ; cross-country growth regression ; model uncertainty ; policy evaluation …
Persistent link: https://www.econbiz.de/10009538015