The major objective of this study is to test equilibrium asset pricing models with respect to how well they price risk across multiple asset classes; including the four quadrants of real estate. While using the Geltner (1999) paper as a springboard for our approach, this thesis both updates...

High resolution datasets of population density which accurately map sparsely distributed human populations do not exist at a global scale. Typically, population data is obtained using censuses and statistical modeling. More recently, methods using remotely-sensed data have emerged, capable of...

This paper presents an evaluation of the performance of the third phase of the SOE restructuring program initiated in the late 1990s using the difference-in-differences model based on a penal dataset (1999-2006). This study reveals that the difference between the performance of the state-owned...

This paper develops a two-sector dynamic stochastic general equilibrium model to measure intangible capital stock and studies the implied riskiness of market value of capital. The equilibrium of the economy is characterized by a state-space representation of dynamic system. Kalman filter...

Emerging economies are characterized by higher consumption and real wage variability relative to output and a strongly countercyclical current account. A real business cycle model of a small open economy that embeds a Mortensen-Pissarides type of search-matching frictions and countercyclical...