Over time, the size of the farm sector has fallen relative to other sectors in the economy. However, the sector still has an important influence on the nation's pattern of economic growth and its exports. Over the last couple of decades the composition of farm production has moved towards crops...

Using Bayesian methods, we reexamine the empirical evidence from Sakoulis et al. (2010) regarding structural breaks in the forward discount for G-7 countries. Our Bayesian framework allows the number and pattern of structural changes in level and variance to be endogenously determined. We find...

Hong Kong is no stranger to bubbles or crisis. During the Asian Financial Crisis(AFC), the Hong Kong housing price index drops more than 50% in less than a year. The same market then experiences the Internet Bubble, the SARS attack, and recently the Global Financial Crisis (GFC). This paper...

The goals of the study were to calculate the employment multiplier of net salary, production and rates of inter-sectoral linkages and structural transformation of the sectors of the Brazilian economy from 1990-2003 from the input-output matrix.The results can be divided into three periods: the...

This paper analyzes vector autoregressive models (VAR) with multiple structural changes. One distinct feature of this paper is the explicit consideration of structural changes in the variance-covariance matrix, in addition to changes in the autoregressive coefficients. The model is estimated by...

We propose a parametric state space model with accompanying estimation and forecasting framework that combines long memory and level shifts by decomposing the underlying process into a simple mixture model and ARFIMA dynamics. The Kalman filter is used to construct the likelihood function after...

Renewable energy sources and increased energy efficiency are not only crucial for reducing greenhouse gas emissions and other negative impacts of conventional energy supply; they also hold enormous economic opportunity. Significant and dynamically growing sectors have emerged in the area of...

In France, as in many industrialized countries, labor productivity experienced a slowdown over the past three decades: labor productivity per capita increased by 2.6% per year from 1979 to 1989, by 1.9% from 1990 to 1999 and by 1.0% per year from 2000 to 2008. Meanwhile, tertiarisation went on....

In April 1997, Tasmania (Australia) adopted the reputably successful New Brunswick (Canada) industrial strategy to build an information technology (IT) industry of significance. The strategy aims to overcome isolation in small regional economies and structurally change from declining natural...