Similar Search Results

The Stickiness of Aggregate Consumption Growth in OECD Countries: A Panel Data Analysis

Everaert, Gerdie; Pozzi, Lorenzo - 2010

This paper examines the sources of stickiness in aggregate consumption growth. We first derive a dynamic consumption … simulations. The estimation results support the labour-consumption complementarity hypothesis but not the other forms of …

Persistent link: https://www.econbiz.de/10010325759

Labor Market Matching under Imperfect Information

Willems, Tim - 2010

Recent research has shown that the standard labor matching model hasdifficulties in reproducing the co-movement patterns observed in US data. Thisis due to the fact that the standard model lacks sufficient propagation of shocks.This paper shows that refining the informational structure of the...

Persistent link: https://www.econbiz.de/10010325771

Horizontal Multinational Firms, Vertical Multinational Firms and Domestic Investment

Namini, Julian Emami; Pennings, Enrico - 2009

We build a dynamic general equilibrium model with 2 countries, horizontal and vertical multinational activity and endogenous domestic and foreign investment. It is found that horizontal multinational activity always leads to a complementary relationship between domestic and foreign investment....

Persistent link: https://www.econbiz.de/10010325782

The Effect of Migration on Income Convergence: Meta-Analytic Evidence

Ozgen, Ceren; Nijkamp, Peter; Poot, Jacques - 2009

migration rate of one percentage point increases on average the GDP per capita growth rate by 0.13 percent, thus suggesting a … net migration impact that is more consistent with endogenous self-reinforcing growth rather than neoclassical convergence …. However, studies that use panel models or IV estimation yield smaller coefficients of net migration while the opposite is the …

Persistent link: https://www.econbiz.de/10010325788

The Bias of the Gini Coefficient due to Grouping

Ourti, Tom Van; Clarke, Philip - 2008

We propose a first order bias correction term for the Gini index to reduce the bias due to grouping. The first order correction term is obtained from studying the estimator of the Gini index within a measurement error framework. In addition, it reveals an intuitive formula for the remaining...

Persistent link: https://www.econbiz.de/10010325812

Does the Canadian Economy suffer from Dutch Disease?

Beine, Michel; Bos, Charles S.; Coulombe, Serge - 2009

We argue that the failure to disentangle the evolution of the Canadian currency from the U.S. currency leads to potentially incorrect conclusions regarding the case of Dutch disease in Canada. We propose a new approach that is aimed at extracting both currency components and energy- and...

Persistent link: https://www.econbiz.de/10010325816

Are Education and Entrepreneurial Income Endogenous and do Family Background Variables make Sense as Instruments? A Bayesian Analysis

Block, Joern H.; Hoogerheide, Lennart; Thurik, Roy - 2010

Education is a well-known driver of (entrepreneurial) income. The measurement of its influence, however, suffers from endogeneity suspicion. For instance, ability and occupational choice are mentioned as driving both the level of (entrepreneurial) income and of education. Using instrumental...

Persistent link: https://www.econbiz.de/10010325824

Transmission of Government Spending Shocks in the Euro Area: Time Variation and Driving Forces

Kirchner, Markus; Cimadomo, Jacopo; Hauptmeier, Sebastian - 2010

This paper provides new evidence on the effects of government spending shocks and the fiscal transmission mechanism in the euro area for the period 1980-2008. Our contribution is two-fold. First, we investigate changes in the macroeconomic impact of government spending shocks using time-varying...

Persistent link: https://www.econbiz.de/10010325831

Cross-border Mergers and Acquisitions: On Revealed Comparative Advantage And Merger Waves

Brakman, Steven; Garretsen, Harry; van Marrewijk, Charles - 2007

By combining two large data sets (on international trade flows and cross-border mergers and acquisitions – M&As), we test two implications of Neary’s (2003, 2007) general oligopolistic equilibrium (GOLE) model (incorporating strategic interaction between firms in a general equilibrium...

Persistent link: https://www.econbiz.de/10010325855

Asymmetric Price Responses of Gasoline Stations: Evidence for Heterogeneity of Retailers

Faber, Riemer P. - 2009

This paper studies asymmetric price responses of individual firms, via daily retail prices of almost all gasoline stations in the Netherlands and suggested prices of the five largest oil companies over more than two years. I find that 38% of the stations respond asymmetrically to changes in the...

Persistent link: https://www.econbiz.de/10010325863