2024-03-29T07:53:56Z
https://mpra.ub.uni-muenchen.de/cgi/oai2
oai:mpra.ub.uni-muenchen.de:4
2019-09-27T13:36:31Z
7374617475733D756E707562
7375626A656374733D4F:4F31:4F3137
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/4/
Between Social Order and Disorder: The Destructive Mode of Coordination
Vahabi, Mehrdad
O17 - Formal and Informal Sectors ; Shadow Economy ; Institutional Arrangements
The concept of ‘mode of coordination’ captures the way economy is embedded in social relationships and influences the integration of society through an ‘instituted process.’ Three main typical or ideal modes of coordination have been identified in the literature, namely the market, the bureaucratic and the ethical (reciprocity) modes of coordination (Polanyi 1944, [1957] 1968, Lindblom 1977, and Kornai, 1984, 1992). Our purpose is to introduce another type of coordination that we name ‘destructive mode of coordination’. It is social organisation through the use of coercive means. This type of coordination has almost been entirely neglected in the literature, although it has existed since ancient times in different forms and varieties. A typical recent illustration is the social order under the Islamic Republic of Iran that will be the focus of the paper.
2006-09-21
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/4/1/MPRA_paper_4.pdf
Vahabi, Mehrdad (2006): Between Social Order and Disorder: The Destructive Mode of Coordination.
en
oai:mpra.ub.uni-muenchen.de:5
2019-09-28T18:36:52Z
7374617475733D756E707562
7375626A656374733D44:4430:443030
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/5/
Il était une fois la qualité
Lupton, Sylvie
D00 - General
Ce texte tente de retracer l’histoire de la pensée économique sur la qualité des biens en dégageant ce qui nous semble être les racines oubliées de cette réflexion à travers l’analyse de la pensée avant les classiques (droit romain, romanistes, canonistes et théologiens). Les apports principaux de la littérature contemporaine sur la qualité seront d’abord mis en avant. Dans une deuxième partie, l’approche de la qualité par les classiques sera développée à partir des travaux de Smith et Ricardo, afin de comprendre pourquoi la qualité a été éludée. Enfin, la dernière partie mettra en avant la pensée avant les classiques. Cela nous permettra de mettre en lumière l’actualité frappante de la pensée économique la plus ancienne, et la solidité des cadres d’analyse contemporaine de l’asymétrie d’information et de l’incertitude partagée pour appréhender les problèmes de l’incertitude sur la qualité des biens.
2006-05
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/5/1/MPRA_paper_5.pdf
Lupton, Sylvie (2006): Il était une fois la qualité.
fr
oai:mpra.ub.uni-muenchen.de:7
2019-09-26T13:09:22Z
7374617475733D756E707562
7375626A656374733D45:4533:453332
7375626A656374733D46:4634:463431
7375626A656374733D45:4533:453337
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/7/
Investment-Specific Technology Shocks in a Small Open Economy
Mulraine, Millan L. B.
E32 - Business Fluctuations ; Cycles
F41 - Open Economy Macroeconomics
E37 - Forecasting and Simulation: Models and Applications
In this paper we examine the behavioral responses of key macroeconomic variables in Canada to exogenous innovations to investment specific technology. This is done by developing a stylized international real business cycle model which is simulated to explore its ability to shed new light on the dynamic behavior of the standard small open economy. The results indicate that this model can quantitatively replicate the key dynamic features of the post-war Canadian economy, and thus shocks to investment-specific technology can be considered an important propagation mechanism for studying and understanding modern macroeconomic dynamics in small open economies. Moreover, when the model was augmented with an endogenous utilization rate it was able to generate the counter-cyclical behavior of the external accounts - without appealing to an adjustment cost parameter and/or a propagation mechanism whose volatility and persistence are artificially low.
2005-01
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/7/1/MPRA_paper_7.pdf
Mulraine, Millan L. B. (2005): Investment-Specific Technology Shocks in a Small Open Economy.
en
oai:mpra.ub.uni-muenchen.de:8
2019-09-28T18:01:31Z
7374617475733D696E7072657373
7375626A656374733D48:4832:483231
7375626A656374733D48:4832:483237
7375626A656374733D48:4832:483230
7375626A656374733D48:4832
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/8/
VAT: Is it Suitable for the Caribbean Community?
Peters, Amos C
Bristol, Marlon A
H21 - Efficiency ; Optimal Taxation
H27 - Other Sources of Revenue
H20 - General
H2 - Taxation, Subsidies, and Revenue
The Caribbean Community is in transition, moving toward a liberalized trade environment with low tariffs. Tax reform is at the forefront of the policy response since traditional sources of tax revenue such as import duties are on the decline. This paper evaluates the suitability of the VAT to countries of the Caribbean Community. We examine theoretical arguments, practical experiences of the Caribbean with the VAT and the economic and tax characteristics of the Caribbean. We conclude by supporting VAT implementation in the Caribbean Community. This paper also reflects a comprehensive survey of tax reform efforts in the Caribbean.
2006-09-19
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/8/1/MPRA_paper_8.pdf
Peters, Amos C and Bristol, Marlon A (2006): VAT: Is it Suitable for the Caribbean Community? Forthcoming in: Social and Economic Studies
en
oai:mpra.ub.uni-muenchen.de:9
2019-09-28T11:15:13Z
7374617475733D756E707562
7375626A656374733D45:4533:453332
7375626A656374733D46:4634:463431
7375626A656374733D45:4533:453337
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/9/
Real Exchange Rate Dynamics With Endogenous Distribution Costs
Mulraine, Millan L. B.
E32 - Business Fluctuations ; Cycles
F41 - Open Economy Macroeconomics
E37 - Forecasting and Simulation: Models and Applications
The importance of distribution costs in generating the deviations from the law of one price has been well documented. In this paper we show that a two-country flexible price dynamic general equilibrium model driven by exogenous innovations to technology, and with a localized distribution services sector can replicate the key dynamic features of the real exchange rate. In doing so, the paper identifies the importance of two key channels for real exchange rate dynamics. That is, we show: (i) that shocks in the real sector are important contributors to movements in the real exchange rate, and (ii) that the endogenous wedge created by distribution costs of traded goods is a significant source of fluctuation for the real exchange rate, and the overall macro-economy as a whole. The evidence presented here demonstrates that this model - without any nominal rigidities, can account for up to 89% of the relative volatility in the real exchange rate.
2006-09
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/9/1/MPRA_paper_9.pdf
Mulraine, Millan L. B. (2006): Real Exchange Rate Dynamics With Endogenous Distribution Costs.
en
oai:mpra.ub.uni-muenchen.de:11
2019-09-27T06:55:18Z
7374617475733D756E707562
7375626A656374733D4A:4A36:4A3631
7375626A656374733D4A:4A35:4A3531
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/11/
Welfare Effects of Union Bargaining Centralisation in a Two-Sector Economy
Dittrich, Marcus
J61 - Geographic Labor Mobility ; Immigrant Workers
J51 - Trade Unions: Objectives, Structure, and Effects
The paper analyses the welfare effects of union bargaining
centralisation in a simple general equilibrium model. A two-sector
model is developed where the wage rate in the first sector is either
set decentralised by a small union at the firm level or centralised
by a large union covering all workers. Worker's outside option is
employment in the second sector with wages adjusting to clear the
market. The paper shows that social welfare depends on (i) whether
the union considers the connection between wages in both sectors,
(ii) the structure of the union's objective function, and (iii) the
elasticities of labour demand. The welfare maximising employment
allocation can be obtained under a high degree of centralisation if
the union maximises the total wage-bill. Otherwise, if the union is
rent maximising, neither centralised nor decentralised wage setting
yield the social optimum. A second best optimum can then be obtained
under decentralised bargaining.
2006-09
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/11/1/MPRA_paper_11.pdf
Dittrich, Marcus (2006): Welfare Effects of Union Bargaining Centralisation in a Two-Sector Economy.
en
oai:mpra.ub.uni-muenchen.de:15
2019-10-01T05:06:42Z
7374617475733D756E707562
7375626A656374733D45:4533:453332
7375626A656374733D43:4332:433232
7375626A656374733D43:4335:433533
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/15/
Extracting, Using and Analysing Cyclical Information
Harding, Don
Pagan, Adrian
E32 - Business Fluctuations ; Cycles
C22 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes
C53 - Forecasting and Prediction Methods ; Simulation Methods
Recent events suggest that the death of the business cycle has been exaggerated; the issue of how one learns about and monitors the business cycle remains centre stage. Advent of the Euro and the potential for tensions when sovereign nations subsume their monetary policy into a single response also makes monitoring the business cycle of particular interest for Euro area policy makers.
In this paper we summarize recent research on three questions relating to cycles in economic activity --- how to extract cyclical information, how to analyse it, and how to enquire into what special difficulties might be encountered when using cyclical indicators.
This survey focuses on our own research which we view as a formalization of some of the procedures developed by Burns and Mitchell at the NBER. However, defence of our position goes beyond continuity with the past and is based on the view that the way in which these investigators defined the business cycle is a very natural one that connects with the way policy makers and commentators discuss the cycle.
2001-08-15
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/15/1/MPRA_paper_15.pdf
Harding, Don and Pagan, Adrian (2001): Extracting, Using and Analysing Cyclical Information.
en
oai:mpra.ub.uni-muenchen.de:16
2019-10-02T04:44:06Z
7374617475733D756E707562
7375626A656374733D43:4336:433631
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/16/
Information Theory and Knowledge-Gathering
Murphy, Roy E
C61 - Optimization Techniques ; Programming Models ; Dynamic Analysis
It is assumed that human knowledge-building depends on a discrete sequential decision-making process subjected to a stochastic information transmitting environment. This environment randomly transmits Shannon type information-packets to the decision-maker, who examines each of them for relevancy and then determines his optimal choices. Using this set of relevant information-packets, the decision-maker adapts, over time, to the stochastic nature of his environment, and optimizes the subjective expected rate-of-growth of knowledge. The decision-maker’s optimal actions, lead to a decision function that involves his view of the subjective entropy of the environmental process and other important parameters at each stage of the process. Using this model of human behavior, one could create psychometric experiments using computer simulation and real decision-makers, to play programmed games to measure the resulting human performance.
2006
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/16/1/MPRA_paper_16.pdf
Murphy, Roy E (2006): Information Theory and Knowledge-Gathering.
en
oai:mpra.ub.uni-muenchen.de:21
2019-09-29T07:37:54Z
7374617475733D756E707562
7375626A656374733D44:4438:443836
7375626A656374733D4A:4A33:4A3333
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/21/
Mixed Tournaments, Common Shocks, and Disincentives: An Experimental Study
Wu, Steven
Roe, Brian
Sporleder, Thomas
D86 - Economics of Contract: Theory
J33 - Compensation Packages ; Payment Methods
Experimental economics is used to investigate two important hypotheses proposed in the economics literature on tournaments. Specifically, we test for a hypothesized “disincentives effect” which can occur in tournaments with mixed ability agents. We also test the well known hypothesis that, when common shocks are an important source of risk, tournaments can filter out this common shock and reduce earnings risk to workers. We find that disincentive effects arose in our tournament experiments, although these effects are not as strong as we predicted in our theoretical model and simulations. We also find that tournaments can be very effective at reducing earnings variation when common shocks are important. Taken together, these results suggest that the benefits of risk reduction from eliminating common shocks might outweigh the disincentive effects arising from mixed tournaments. We also find that the difference in average earnings between low and high ability agents is greater under tournaments than under absolute performance contracts.
2006-09
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/21/1/MPRA_paper_21.pdf
Wu, Steven and Roe, Brian and Sporleder, Thomas (2006): Mixed Tournaments, Common Shocks, and Disincentives: An Experimental Study.
en
oai:mpra.ub.uni-muenchen.de:22
2019-09-27T05:10:44Z
7374617475733D707562
7375626A656374733D50:5032
7375626A656374733D4F:4F34
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/22/
ZDROJE NEBO PODNĚTY RŮSTU?
Kyn, Oldrich
P2 - Socialist Systems and Transitional Economies
O4 - Economic Growth and Aggregate Productivity
This article was published in the Czech Journal “Plánované hospodářství” in 1967. This was the time of rapid changes both in the Czechoslovak economic and political theory as well as in actual economic and political systems that culminated in the “Prague Spring” of 1968. These changes were preceded and in the considerable degree also stimulated by the completely unexpected economic recession of the first half of 1960’s. The economy that was by Marxist theory and Communist propaganda supposed to grow in the fast, uninterrupted and well balanced way suddenly stopped growing and in one year even slightly declined. There appeared two conflicting views about the way out from the recession. The orthodox Marxists and especially the planners from the Central Planning Office argued that the only way out is by significant increase of investment that would generate additional productive capacity. Some even argued that because the technical progress is capital intensive, the uninterrupted growth requires permanently increasing share of investment in the National Income. The opposite view saw the solution in the abolition of the Soviet-type command planning and return to the market economic system. This paper uses theories of economic growth and references to the empirical studies that unquestionably demonstrated the mostly capital-saving nature of technological progress in the 20th century, to show, that the further increases of already very high share of investment in National income is not necessary and would be in fact harmful. The further slowing down of the growth of per capita consumption that would be necessary if the first strategy was adopted would undermine the incentives for increasing the labor productivity and for choice of capital-saving technologies.
1967
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/22/1/MPRA_paper_22.pdf
Kyn, Oldrich (1967): ZDROJE NEBO PODNĚTY RŮSTU? Published in: Plánované hospodářství, , Vol. Vol. X, No. No. 4. (1967): pp. 70-80.
cs
oai:mpra.ub.uni-muenchen.de:23
2019-09-27T03:52:33Z
7374617475733D756E707562
7375626A656374733D48:4837
7375626A656374733D48:4831
7375626A656374733D4A:4A30:4A3031
7375626A656374733D4A:4A35
7375626A656374733D48:4833
7375626A656374733D48:4834
7375626A656374733D48:4837:483732
7375626A656374733D48:4837:483737
7375626A656374733D48:4834:483431
7375626A656374733D5A:5A31:5A3133
7375626A656374733D4A:4A35:4A3530
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/23/
Unemployment and Clientelism: The Piqueteros of Argentina
Ponce, Aldo Fernando
H7 - State and Local Government ; Intergovernmental Relations
H1 - Structure and Scope of Government
J01 - Labor Economics: General
J5 - Labor-Management Relations, Trade Unions, and Collective Bargaining
H3 - Fiscal Policies and Behavior of Economic Agents
H4 - Publicly Provided Goods
H72 - State and Local Budget and Expenditures
H77 - Intergovernmental Relations ; Federalism ; Secession
H41 - Public Goods
Z13 - Economic Sociology ; Economic Anthropology ; Social and Economic Stratification
J50 - General
This paper sheds light on possible explanations for the success and sustainability of the piqueteros social movement in Argentina, developed from a comparative perspective based on Latin America. I show which institutional arrangements, political actors, and configurations of power contributed to the success of the piqueteros. Applying the basic principles of the rational choice approach, I find that the success of the piqueteros movement was produced by the current political division in the ruling party (the Peronist party), by the over-regulated Argentine labor market, and by the impact of the Argentine economic crisis through the unemployment rates.
2006-09-01
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/23/1/MPRA_paper_23.pdf
Ponce, Aldo Fernando (2006): Unemployment and Clientelism: The Piqueteros of Argentina.
en
oai:mpra.ub.uni-muenchen.de:24
2019-09-30T18:58:28Z
7374617475733D707562
7375626A656374733D4C:4C31:4C3131
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/24/
Il diverso modo in cui le piccole imprese misurano il loro successo
Tattara, Giuseppe
L11 - Production, Pricing, and Market Structure ; Size Distribution of Firms
The study begins with a discussion of the thesis that Italy, in respect to other countries with similar growth, has a relatively large number of small companies. This is often considered the cause of modest performance of the Italian economic system in terms of growth and efficiency. The paper explains that small companies should not be considered as isolated, but as part of a complex network strategy. In this context, small company performance should be evaluated as a joint product which includes the results attained by the remaining part of the network. An illustrative example of this evolution regarding the clothing sector in Veneto, explains the relationship between small subcontractors and larger end product companies. The extension of the network outside national borders raises some problems about the role played by Italian districts, especially with reference to their social milieu.
2005-02-01
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/24/1/MPRA_paper_24.pdf
Tattara, Giuseppe (2005): Il diverso modo in cui le piccole imprese misurano il loro successo. Published in: Economia e società regionale , Vol. 92, No. 4.2005 (19 January 2006): pp. 30-57.
it
oai:mpra.ub.uni-muenchen.de:25
2019-10-03T17:29:37Z
7374617475733D756E707562
7375626A656374733D4A:4A33
7375626A656374733D4A:4A38:4A3831
7375626A656374733D4A:4A33:4A3331
7375626A656374733D4A:4A33:4A3333
7375626A656374733D4A:4A38
7375626A656374733D4A:4A33:4A3338
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/25/
Minimum wages in Australia: an analysis of the impact on small and medium sized businesses
Harding, Don
Harding, Glenys
J3 - Wages, Compensation, and Labor Costs
J81 - Working Conditions
J31 - Wage Level and Structure ; Wage Differentials
J33 - Compensation Packages ; Payment Methods
J8 - Labor Standards: National and International
J38 - Public Policy
A survey of 1800 small and medium sized businesses is used to shed light on the number of workers covered by minimum wage legislation in Australia. Estimates are obtained and reported of the employment effects of changing the way in which minimum wages are set in Australia.
2004-03
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/25/1/MPRA_paper_25.pdf
Harding, Don and Harding, Glenys (2004): Minimum wages in Australia: an analysis of the impact on small and medium sized businesses.
en
oai:mpra.ub.uni-muenchen.de:26
2019-09-26T21:56:22Z
7374617475733D707562
7375626A656374733D50:5033:503339
7375626A656374733D50:5032:503239
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/26/
MNOHALETÁ MEZINÁRODNÍ DISKUSE O SOCIALISMU A TRHU
Fišer, Drago
Kyn, Oldrich
P39 - Other
P29 - Other
This article was published in the leading Czech journal of economics named “Politicka
Ekonomie” in 1967 that is during the process of Economic Reform intended to change
the Soviet-type Command Economy in a sort of Market Socialism. It was curious that
while the need to revive the market mechanism was accepted by the majority of
economists and politicians, the famous “Socialist Controversy” that was just about this
crucial problem was still virtually unknown in Czechoslovakia at that time. Our purpose
was not only to provide the basic information about that controversy, but also to put it in
the broader context of the evolution of the economic theory in the 19 th and 20 th century.
Because of the previous domination of the orthodox Marxist economics, any
developments of the non-Marxist economics after the classical contributions of Smith and
Ricardo were regarded as the attempts of the “bourgeoisie” to falsify the “true”
economics for the purpose of preserving Capitalism. We found it therefore necessary to
start with the explanation of neoclassical concepts of marginal utility, imputation of value
from final products to intermediate products and primary resources, as well as concepts
of general equilibrium. After explaining these “roots” of the controversy the critical
points of von Mises and Hayek are presented and the socialist responses of Maurice
Dobb, Oskar Lange, Abba Lerner and others are discussed with a clear aim to show that
without the market the socialist economy cannot be efficient.
1967
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/26/1/MPRA_paper_26.pdf
Fišer, Drago and Kyn, Oldrich (1967): MNOHALETÁ MEZINÁRODNÍ DISKUSE O SOCIALISMU A TRHU. Published in: Politická ekonomie No. No. 7-8 (1967)
cs
oai:mpra.ub.uni-muenchen.de:27
2019-10-03T16:42:52Z
7374617475733D756E707562
7375626A656374733D48:4834:483433
7375626A656374733D49:4933:493338
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/27/
Equità e criteri di selettività dei beneficiari di edilizia residenziale pubblica in Emilia-Romagna
Tondani, Davide
H43 - Project Evaluation ; Social Discount Rate
I38 - Government Policy ; Provision and Effects of Welfare Programs
Housing public policies take the form of selective programs. Hence, accesso to the program and computation of the rents are regulated by a means test.
Selectivity should be set ensuring the respect of vertical and horizontal equity trough the beneficiaries.
This research analyses the system of selectivity of the beneficiaries of public houses in the region Emilia-Romagna, in order to verify the adequacy of the current rules in ensuring equity by the use of the italian means test.
Empirical analysis has been carried out by using the database of beneficiaries of public houses of the Province of Parma.
We find that the current rules are not able to ensure horizontal and vertical equity, therefore we propose and simulate a reform of the system of selectivity and computation of the rents.
2006-09-20
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/27/1/MPRA_paper_27.pdf
Tondani, Davide (2006): Equità e criteri di selettività dei beneficiari di edilizia residenziale pubblica in Emilia-Romagna.
it
oai:mpra.ub.uni-muenchen.de:28
2019-09-27T18:58:17Z
7374617475733D707562
7375626A656374733D4C:4C33:4C3333
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/28/
The redistributive role of non-profit organizations
Cerulli, Giovanni
L33 - Comparison of Public and Private Enterprises and Nonprofit Institutions ; Privatization ; Contracting Out
By starting from the consideration that non-profit organizations cover a significant re-distributive function beside that of governmental agencies, the paper questions why government prefers to finance via transfers private entities likewise lucrative and non-lucrative entities rather than produce these goods directly.
By generalizing the Hansmann (1996) theory, we propose a “make or buy” approach in which the choice among three different ownership regimes (governmental, non-profit and for-profit) providing services in public benefit oriented sectors is affected not only by costs reduction (X-efficiency) but also by the level of transfers (degree of “redistribution”) decided at a political level.
2006-05-01
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/28/1/MPRA_paper_28.pdf
Cerulli, Giovanni (2006): The redistributive role of non-profit organizations. Published in: IDEGA - Universidade de Santiago de Compostela, , Vol. 36, No. Análise Ecónomica, n
en
oai:mpra.ub.uni-muenchen.de:31
2019-09-27T05:26:18Z
7374617475733D707562
7375626A656374733D4F:4F33:4F3338
7375626A656374733D4C:4C39:4C3937
7375626A656374733D4F:4F33:4F3332
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/31/
The R&D drop in European utilities. Should we care about it?
Sterlacchini, Alessandro
O38 - Government Policy
L97 - Utilities: General
O32 - Management of Technological Innovation and R&D
By using accounting data from the largest utility companies of Europe, this note illustrates the recent R&D performance in energy and telecommunication. Although not all the companies under consideration behaved symmetrically, most of them reduced substantially their R&D investment. Over the period 2000-05, their total R&D expenditures at current prices decreased by 33%, while their R&D intensity (on sales) diminished from 1.1 to 0.7%. In discussing the above findings, it is argued that a drop of this size is hardly justifiable and weakens the EU economy in a non-negligible manner.
2006-09-18
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/31/1/MPRA_paper_31.pdf
Sterlacchini, Alessandro (2006): The R&D drop in European utilities. Should we care about it? Published in: DRUID Working Paper No. No. 06-19 (2006)
en
oai:mpra.ub.uni-muenchen.de:39
2019-09-28T04:53:46Z
7374617475733D707562
7375626A656374733D4F:4F34:4F3431
7375626A656374733D42:4232:423233
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/39/
Strukturální modely růstu
Kyn, Oldrich
O41 - One, Two, and Multisector Growth Models
B23 - Econometrics ; Quantitative and Mathematical Studies
This is one chapter from the book “Eseje o teoriich ekonomickeho rustu” (Essays in the Theory of the Economic Growth”, that was published in Czechoslovakia during 1967. The main purpose of the book was to fill one of the many gaps in the knowledge of the advanced contemporary economic theory. These gaps were created in the times of dogmatic Marxism. This particular chapter was about the multi-sector models of economic growth. It starts with Walras’s attempts to make a dynamic version of his model of general equilibrium. It continues with presentation and detail explanation of several versions of the Leontief’s Input-Output model. Then von Neumann’s model is discussed with its extensions by Morishima (Marx-von Neumann and Walras – von Neumann models) and with analysis of the “Turnpike Theorem” (Dorfman, Samuelson, Solow, Hicks, Mc Kenzie, Morishima, Nikaido and Radner). There is a brief information about Optimalization models at the end of the chapter.
1967
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/39/1/MPRA_paper_39.pdf
Kyn, Oldrich (1967): Strukturální modely růstu. Published in: “Eseje o teoriich ekonomickeho rustu” (1967): pp. 247-277.
cs
oai:mpra.ub.uni-muenchen.de:40
2019-10-03T04:57:46Z
7374617475733D756E707562
7375626A656374733D47:4733:473332
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/40/
Do corporate financial patterns in European countries converge and testitfy for disintermediation?
Rivaud-Danset, Dorothée
Oheix, Valérie
G32 - Financing Policy ; Financial Risk and Risk Management ; Capital and Ownership Structure ; Value of Firms ; Goodwill
This paper provides a quantitative comparison of the financial patterns of non-financial European firms for seven Continental European countries and the period 1991-2001. Our analytical framework departs from the common one as we consider that long-term and short-term sources of funds have to be analysed separately. Using the BACH database, principal component analysis, cluster analysis and econometrical tests are carried out in order to test for two hypotheses : i) there is a tendency toward grouping around a common corporate financial pattern; ii) there is a general tendency across countries toward less bank financing. We find that differences between European countries remain highly significant so that the first hypothesis is not validated. The second hypothesis is rejected with the long-term intermediation ratio but validated with the short-term one. Indeed, econometrical tests lead to a strong conclusion : the existence of a common trend toward disintermediation of short-term financing. The banking function of allocating liquidity for day-to-day business and providing a certain liquidity insurance to firms is declining whatever the size of firms.
2005
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/40/1/MPRA_paper_40.pdf
Rivaud-Danset, Dorothée and Oheix, Valérie (2005): Do corporate financial patterns in European countries converge and testitfy for disintermediation?
en
oai:mpra.ub.uni-muenchen.de:43
2019-09-29T22:01:30Z
7374617475733D756E707562
7375626A656374733D4A:4A33:4A3338
7375626A656374733D4A:4A38:4A3833
7375626A656374733D4A:4A35:4A3538
7375626A656374733D4A:4A35:4A3533
7375626A656374733D4A:4A36:4A3635
7375626A656374733D4A:4A38:4A3831
7375626A656374733D4A:4A33:4A3332
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/43/
The effect of unfair dismissal laws on small and medium sized businesses
Harding, Don
J38 - Public Policy
J83 - Workers' Rights
J58 - Public Policy
J53 - Labor-Management Relations ; Industrial Jurisprudence
J65 - Unemployment Insurance ; Severance Pay ; Plant Closings
J81 - Working Conditions
J32 - Nonwage Labor Costs and Benefits ; Retirement Plans ; Private Pensions
Evidence from a survey of 1800 small and medium sized businesses is assembled to provide estimates of the effect on employment of unfair dismissal laws. The report also provides a discussion of the evidence on the welfare effects of unfair dismissal laws.
2002-10-29
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/43/1/MPRA_paper_43.pdf
Harding, Don (2002): The effect of unfair dismissal laws on small and medium sized businesses.
en
oai:mpra.ub.uni-muenchen.de:44
2019-09-28T01:04:56Z
7374617475733D707562
7375626A656374733D52:5233:523338
7375626A656374733D4A:4A36:4A3634
7375626A656374733D52:5231:523131
7375626A656374733D45:4532:453234
7375626A656374733D45:4531:453132
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/44/
Macro-determinants of UK regional unemployment and the role of employment flexibility
Monastiriotis, Vassilis
R38 - Government Policy
J64 - Unemployment: Models, Duration, Incidence, and Job Search
R11 - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
E24 - Employment ; Unemployment ; Wages ; Intergenerational Income Distribution ; Aggregate Human Capital ; Aggregate Labor Productivity
E12 - Keynes ; Keynesian ; Post-Keynesian
This paper explores the macroeconomic determinants of UK regional unemployment and their relation to the influences on unemployment exerted by the levels and types of employment flexibility in the country. Theoretically the paper draws on Keynesian and monetarist explanations of unemployment and elaborates on how the two main theoretical approaches perceive the role of price stability, accumulation, macroeconomic shocks and labour market rigidities for unemployment. Empirically, the analysis relies on a novel set of flexibility indicators and examines their impact on regional unemployment, unemployment
persistence, and adjustment to economic shocks. The results provide useful insights into the explored relationships and highlight the areas and conditions under which employment flexibility helps achieve favourable employment outcomes. The implications of the findings are discussed in the concluding section.
2006-03
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/44/1/MPRA_paper_44.pdf
Monastiriotis, Vassilis (2006): Macro-determinants of UK regional unemployment and the role of employment flexibility. Published in: European Institute Working Paper Series No. No 2006-01 (March 2006): pp. 1-40.
en
oai:mpra.ub.uni-muenchen.de:45
2019-09-26T17:55:44Z
7374617475733D756E707562
7375626A656374733D51:5131:513132
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/45/
The Impact of Access to Credit on the Adoption of hybrid maize in Malawi: An Empirical test of an Agricultural Household Model under credit market failure
Simtowe, Franklin
Zeller, Manfred
Q12 - Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets
A substantial amount of the literature has reported on the impact of access to credit on technology adoption, and many studies find that credit has a positive impact on adoption. However, most existing studies have failed to explicitly measure and analyze the amount of credit that farm households are able to borrow and whether they are credit constrained or not. They overlooked the fact that credit access can be a panacea for non-adoption only if it is targeted at households that face binding liquidity constraints. Guided by the frame work of a household model under credit market failure, this paper aims at investigating the impact of access to credit on the adoption of hybrid maize among households that vary in their credit constraints. The data used in the study is from Malawi collected by the International Food Policy Research Institute (IFPRI).Using the direct elicitation approach, households are classified into constrained and unconstrained regimes. We start by estimating the probability of being credit constrained, followed by an estimation of the impact of access to credit for the two categories of households (credit constrained and unconstrained), while accounting for selection bias. The impact of access to credit is estimated using a switching regression in a Double-Hurdle model. Results reveal that while access to credit increases adoption among credit constrained households, it has no effect among unconstrained households. Results also show that factors that affect adoption among credit constrained households are different from those that that affect adoption among unconstrained household. Landholding size, for example, has opposite effects on adoption in the two regimes of households. The policy implication is that microfinance institutions should consider scaling up their credit services to ensure that more households benefit from it, and in so doing maize adoption will be enhanced.
2006-09-30
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/45/1/MPRA_paper_45.pdf
Simtowe, Franklin and Zeller, Manfred (2006): The Impact of Access to Credit on the Adoption of hybrid maize in Malawi: An Empirical test of an Agricultural Household Model under credit market failure.
en
oai:mpra.ub.uni-muenchen.de:49
2019-09-27T08:51:19Z
7374617475733D696E7072657373
7375626A656374733D45:4533:453332
7375626A656374733D42:4235:423533
7375626A656374733D50:5033:503334
7375626A656374733D4E:4E32:4E3233
7375626A656374733D47:4731:473138
7375626A656374733D4E:4E32:4E3234
7375626A656374733D45:4535
7375626A656374733D4B:4B33:4B3339
7375626A656374733D45:4530:453030
7375626A656374733D45:4534:453432
7375626A656374733D47:4730
7375626A656374733D4B:4B30
7375626A656374733D50:5033
7375626A656374733D4E:4E32
7375626A656374733D48:4831:483131
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/49/
Review of Huerta de Soto´s `Money, Bank Credit, and Economic Cycles´
van den Hauwe, Ludwig
E32 - Business Fluctuations ; Cycles
B53 - Austrian
P34 - Financial Economics
N23 - Europe: Pre-1913
G18 - Government Policy and Regulation
N24 - Europe: 1913-
E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit
K39 - Other
E00 - General
E42 - Monetary Systems ; Standards ; Regimes ; Government and the Monetary System ; Payment Systems
G0 - General
K0 - General
P3 - Socialist Institutions and Their Transitions
N2 - Financial Markets and Institutions
H11 - Structure, Scope, and Performance of Government
This article reviews the first English edition of Prof. Jesús Huerta de Soto´s book `Dinero, Crédito Bancario y Ciclos Económicos´ which first appeared in Spain in 1998.
2006-10-02
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/49/1/MPRA_paper_49.pdf
van den Hauwe, Ludwig (2006): Review of Huerta de Soto´s `Money, Bank Credit, and Economic Cycles´. Forthcoming in: New Perspectives on Political Economy , Vol. 2, No. 2 (November 2006): pp. 135-141.
en
oai:mpra.ub.uni-muenchen.de:52
2019-10-01T03:02:02Z
7374617475733D707562
7375626A656374733D52:5235:523532
7375626A656374733D52:5231:523131
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/52/
Transportation and Infrastructure, Retail Clustering, and Local Public Finance: Evidence from Wal-Mart's Expansion
Hicks, Michael
R52 - Land Use and Other Regulations
R11 - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
The author examines the role highway infrastructure and local property tax rate variability play
in retail agglomeration in Indiana from 1988 through 2003. To account for data errors and the
potential endogeneity of taxes and infrastructure on retail agglomeration, he introduces a unique
identification strategy that exploits the entrance timing and location of Wal-Mart stores in Indiana.
Using a time-series cross-sectional model of Indiana’s 92 counties from 1988 through 2003, he
estimates the impact highway infrastructure, property taxes, and big-box competition have in
creating regional agglomerations. Among two separate specifications and a full and rural-only set
of the data, the author finds considerable agreement in the results. In the full sample, he finds no
relationship between property tax rates or highway infrastructure and retail agglomeration. Within
the non-metropolitan statistical area (MSA) counties, this relationship is very modest, though it
possesses considerable statistical certainty. Highway impacts within the non-MSA counties are
significant and positively related to retail agglomeration, with the presence of highways explaining
about 10 percent of total agglomeration variability. (JEL R11, R53)
2006
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/52/1/MPRA_paper_52.pdf
Hicks, Michael (2006): Transportation and Infrastructure, Retail Clustering, and Local Public Finance: Evidence from Wal-Mart's Expansion. Published in: Regional Economic Development , Vol. 2, No. 2 (2006): pp. 100-114.
en
oai:mpra.ub.uni-muenchen.de:53
2019-09-29T04:37:35Z
7374617475733D756E707562
7375626A656374733D4F:4F35:4F3537
7375626A656374733D43:4331:433133
7375626A656374733D43:4333:433332
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/53/
Explaining the gaps in labour productivity for some developed countries
Razzak, Weshah
O57 - Comparative Studies of Countries
C13 - Estimation: General
C32 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes ; State Space Models
Modern economic theories explain differences in productivity and economic growth across countries by differences in political and economic institutions, and differences in culture, geographical location, policies, and laws. The success of any of these theories in explaining the gap in productivity between any two countries depends on the countries in the sample. We argue in this paper that differences in the above variables might explain gaps in economic performance between developed and developing countries, but are too small to explain the productivity gaps between developed countries. We test this hypothesis for two pairs of developed neighbouring countries: New Zealand and Australia and Canada and the United States, hence New Zealand – Australia and Canada – United States. In this paper, more than eighty percent of labour productivity gaps between New Zealand and Australia and Canada and the United States are explained by endogenous technology shocks (TFP) and capital intensities.
2006
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/53/1/MPRA_paper_53.pdf
Razzak, Weshah (2006): Explaining the gaps in labour productivity for some developed countries.
en
oai:mpra.ub.uni-muenchen.de:54
2019-09-30T13:11:44Z
7374617475733D756E707562
7375626A656374733D51:5134:513433
7375626A656374733D51:5133:513332
7375626A656374733D50:5031:503134
7375626A656374733D51:5134:513438
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/54/
Iraq: Private ownership of oil and the quest for democracy
Razzak, Weshah
Q43 - Energy and the Macroeconomy
Q32 - Exhaustible Resources and Economic Development
P14 - Property Rights
Q48 - Government Policy
I argue that state-ownership and state-management of oil on behalf of the Iraqi people is not conducive to democracy and inconsistent with the principles of free market. I also argue that it can adversely affect economic development and might further impoverish the average Iraqi citizen. To resolve the problems, this note proposes a change to the “political” rules; i.e., change the Iraqi constitution, and provides an economic strategy to transfer oil wealth to the Iraqi people.
2006
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/54/1/MPRA_paper_54.pdf
Razzak, Weshah (2006): Iraq: Private ownership of oil and the quest for democracy.
en
oai:mpra.ub.uni-muenchen.de:62
2019-10-11T20:38:16Z
7374617475733D756E707562
7375626A656374733D4C:4C38:4C3837
7375626A656374733D4C:4C35:4C3531
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/62/
Access pricing, bypass and universal service in post
Armstrong, Mark
L87 - Postal and Delivery Services
L51 - Economics of Regulation
An incumbent postal service provider faces two issues which make the design of efficient access pricing especially difficult. First, universal service obligations, together with the presence of significant fixed costs, require retail prices to be out of line with underlying marginal costs. Second, competing firms may be able to bypass the incumbent's delivery network. Within a simple framework, this note analyses how access charges should best be set in the light of these twin constraints.
2006-05
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/62/1/MPRA_paper_62.pdf
Armstrong, Mark (2006): Access pricing, bypass and universal service in post.
en
oai:mpra.ub.uni-muenchen.de:64
2019-09-27T08:22:57Z
7374617475733D756E707562
7375626A656374733D43:4333:433330
7375626A656374733D44:4432:443234
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/64/
Economies of Scale in the Canadian Food Processing Industry
Gervais, Jean-Philippe
Bonroy, Olivier
Couture, Steve
C30 - General
D24 - Production ; Cost ; Capital ; Capital, Total Factor, and Multifactor Productivity ; Capacity
Cost functions for three Canadian manufacturing agri-food sectors (meat, bakery and dairy) are estimated using provincial data from 1990 to 1999. A translog functional form is used and the concavity property is imposed locally. The Morishima substitution elasticities and returns to scale elasticities are computed for different provinces. Inference is carried out using asymptotic theory as well as bootstrap methods. In particular, the ability of the double bootstrap to provide refinements in inference is investigated. The evidence suggests that there are significant substitution possibilities between the agricultural input and other production factors in the meat and bakery sectors. Scale elasticity parameters indicate that increasing returns to scale are present in small bakery industries. While point estimates suggest that increasing returns to scale exist at the industry level in the meat sector, statistical inference cannot rule the existence of decreasing returns to scale. To account for supply management in the dairy sector, separability between raw milk and the other inputs was introduced. There exists evidence of increasing returns to scale at the industry level in the dairy industries of Alberta and New Brunswick. The scale elasticity for the two largest provinces (Ontario and Quebec) is greater than one, but inference does not reject the null hypothesis of increasing returns to scale.
2006-08
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/64/1/MPRA_paper_64.pdf
Gervais, Jean-Philippe and Bonroy, Olivier and Couture, Steve (2006): Economies of Scale in the Canadian Food Processing Industry.
en
oai:mpra.ub.uni-muenchen.de:65
2019-09-27T16:55:07Z
7374617475733D756E707562
7375626A656374733D4C:4C32:4C3232
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/65/
Forward Vertical Integration: The Fixed-Proportion Case Revisited
Bonroy, Olivier
Larue, Bruno
L22 - Firm Organization and Market Structure
Assuming a fixed-proportion downstream production technology, partial forward integration by an upstream monopolist may be observed whether the monopolist is advantaged or disadvantaged cost-wise relative to fringe firms in the downstream market. Integration need not induce cost predation and the fringe firms’ margin may even increase. The output price falls and welfare unambiguously rises.
2006-09
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/65/1/MPRA_paper_65.pdf
Bonroy, Olivier and Larue, Bruno (2006): Forward Vertical Integration: The Fixed-Proportion Case Revisited.
en
oai:mpra.ub.uni-muenchen.de:70
2019-10-01T19:23:46Z
7374617475733D756E707562
7375626A656374733D4C:4C31:4C3133
7375626A656374733D44:4434
7375626A656374733D44:4436:443631
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/70/
Competitive nonlinear pricing and bundling
Armstrong, Mark
Vickers, John
L13 - Oligopoly and Other Imperfect Markets
D4 - Market Structure, Pricing, and Design
D61 - Allocative Efficiency ; Cost-Benefit Analysis
We examine the impact of multiproduct nonlinear pricing on profit, consumer surplus and welfare in a duopoly. When consumers buy all their products from one firm (the one-stop shopping model), nonlinear pricing leads to higher profit and welfare, but often lower consumer surplus, than linear pricing. By contrast, in a unit-demand model where consumers may buy one product from one firm and another product from another firm, bundling generally acts to reduce profit and welfare and to boost consumer surplus. In a more general model where consumers may buy from more than one firm and where consumers have elastic demands for each product, nonlinear pricing has ambiguous effects. Compared with linear pricing, nonlinear pricing tends to raise profit but harm consumer surplus when: (i) demand is elastic, (ii) there is substantial product differentiation, (iii) there is substantial heterogeneity in consumer demand, (iv) consumers face substantial shopping costs when visiting more than one firm, and (v) a consumer's brand preference for one product is strongly correlated with her brand preference for another product. Nonlinear pricing is more likely to lead to welfare gains when (i), (ii), (iv) and (v) hold, but (iii) does not.
2006-09
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/70/1/MPRA_paper_70.pdf
Armstrong, Mark and Vickers, John (2006): Competitive nonlinear pricing and bundling.
en
oai:mpra.ub.uni-muenchen.de:71
2019-09-28T04:31:03Z
7374617475733D756E707562
7375626A656374733D43:4337
7375626A656374733D41:4131
7375626A656374733D44:4438:443831
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/71/
Scientific Revolution? A Farewell to EconWPA. MPRA is welcome.
Harin, Alexander
C7 - Game Theory and Bargaining Theory
A1 - General Economics
D81 - Criteria for Decision-Making under Risk and Uncertainty
A new approach is presented. It is based on a generalization of a breach of a term of contract and on the economic uncertainty principle. Problems, which can be solved, research fields, which can be augmented or created, and fields of applications in practical economy are reviewed. The role of information media is described.
2006-10-03
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/71/1/MPRA_paper_71.pdf
Harin, Alexander (2006): Scientific Revolution? A Farewell to EconWPA. MPRA is welcome.
en
oai:mpra.ub.uni-muenchen.de:72
2019-10-01T12:52:24Z
7374617475733D756E707562
7375626A656374733D43:4332:433230
7375626A656374733D43:4331:433133
7375626A656374733D43:4335:433532
7375626A656374733D43:4331:433132
7375626A656374733D43:4335:433531
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/72/
Can One Estimate the Unconditional Distribution of Post-Model-Selection Estimators ?
Leeb, Hannes
Pötscher, Benedikt M.
C20 - General
C13 - Estimation: General
C52 - Model Evaluation, Validation, and Selection
C12 - Hypothesis Testing: General
C51 - Model Construction and Estimation
We consider the problem of estimating the unconditional distribution of a post-model-selection estimator. The notion of a post-model-selection estimator here refers to the combined procedure resulting from first selecting a model (e.g., by a model selection criterion like AIC or by a hypothesis testing procedure) and then estimating the parameters in the selected model (e.g., by least-squares or maximum likelihood), all based on the same data set. We show that it is impossible to estimate the unconditional distribution with reasonable accuracy even asymptotically. In particular, we show that no estimator for this distribution can be uniformly consistent (not even locally). This follows as a corollary to (local) minimax lower bounds on the performance of estimators for the distribution. These lower bounds are shown to approach 1/2 or even 1 in large samples, depending on the situation considered. Similar impossibility results are also obtained for the distribution of linear functions (e.g., predictors) of the post-model-selection estimator.
2005-04
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/72/1/MPRA_paper_72.pdf
Leeb, Hannes and Pötscher, Benedikt M. (2005): Can One Estimate the Unconditional Distribution of Post-Model-Selection Estimators ?
en
oai:mpra.ub.uni-muenchen.de:73
2019-09-26T13:08:48Z
7374617475733D696E7072657373
7375626A656374733D43:4335:433531
7375626A656374733D43:4332:433230
7375626A656374733D43:4331:433133
7375626A656374733D43:4335:433532
7375626A656374733D43:4331:433132
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/73/
The Distribution of Model Averaging Estimators and an Impossibility Result Regarding Its Estimation
Pötscher, Benedikt M.
C51 - Model Construction and Estimation
C20 - General
C13 - Estimation: General
C52 - Model Evaluation, Validation, and Selection
C12 - Hypothesis Testing: General
The finite-sample as well as the asymptotic distribution of Leung and
Barron's (2006) model averaging estimator are derived in the context of a
linear regression model. An impossibility result regarding the estimation of
the finite-sample distribution of the model averaging estimator is obtained.
2006-03
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/73/1/MPRA_paper_73.pdf
Pötscher, Benedikt M. (2006): The Distribution of Model Averaging Estimators and an Impossibility Result Regarding Its Estimation. Forthcoming in: IMS Lecture Notes
en
oai:mpra.ub.uni-muenchen.de:80
2019-10-01T16:25:27Z
7374617475733D756E707562
7375626A656374733D4F:4F33:4F3333
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/80/
Innovations and Economic Growth in a Fast Changing Global Economy: Comparative Experience of Asian Countries
Singh, Lakhwinder
O33 - Technological Change: Choices and Consequences ; Diffusion Processes
Innovations spur growth and economic transformation is widely acclaimed in economic growth literature. The transition in the national innovation system is the fundamental determinant of long-run economic growth and development. This is being reflected through the changes which are occurring in the economic structure of an economy as well as in the structure of the innovation system. Since the national economies are growing in the interdependent world, therefore national innovation system is continuously being influenced by the changes occurring in other parts of the world. Transformation of East Asian countries from imitation to reaching the frontier areas of innovations in a short span of time is a question that has been explored in this paper. Asian continent has emerged as the hub of innovative activities in the fast pace of globalization. Within Asian continent, there are wide differentials in the stage of economic development and transformation as well as in the national innovation systems. Two distinct patterns of economic transformation and systems of innovations which has evolved over time are-one, based on building strong industrial sector as an engine of innovations and growth; two, the engine of growth is the service sector and innovation system is heavily dependent on foreign capital. Recently, while recognizing the innovative capacity of some of the Asian countries, foreign R&D has devastated the boundaries of the Asian innovation system. Domestic agents of production have realized that there lies a dire need for the support of the state when innovations are being done on the frontiers of knowledge. Situational assessment surveys have also supported the view that Asian countries are fast approaching towards the frontiers of knowledge and innovations. Asian countries, themselves are competing to fast approach towards frontiers of knowledge and innovations so that newer areas of commercial activities can be explored and exploited in the global market. This paper while learning from East Asian innovation policies has also explored the role of national and international agencies in strengthening the national innovation systems of the less developed countries in the fast changing global economy.
2006-10-03
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/80/1/MPRA_paper_80.pdf
Singh, Lakhwinder (2006): Innovations and Economic Growth in a Fast Changing Global Economy: Comparative Experience of Asian Countries.
en
oai:mpra.ub.uni-muenchen.de:81
2019-10-02T15:58:24Z
7374617475733D756E707562
7375626A656374733D44:4437:443731
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/81/
Arrovian juntas
Eisermann, Michael
D71 - Social Choice ; Clubs ; Committees ; Associations
This article explicitly constructs and classifies all arrovian voting systems on three or more alternatives. If we demand orderings to be complete, we have, of course, Arrow's classical dictator theorem, and a closer look reveals the classification of all such voting systems as dictatorial hierarchies. If we leave the traditional realm of complete orderings, the picture changes. Here we consider the more general setting where alternatives may be incomparable, that is, we allow orderings that are reflexive and transitive but not necessarily complete. Instead of a dictator we exhibit a junta whose internal hierarchy or coalition structure can be surprisingly rich. We give an explicit description of all such voting systems, generalizing and unifying various previous results.
2006-08
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/81/1/MPRA_paper_81.pdf
Eisermann, Michael (2006): Arrovian juntas.
en
oai:mpra.ub.uni-muenchen.de:82
2020-02-08T09:08:05Z
oai:mpra.ub.uni-muenchen.de:85
2019-10-01T09:38:44Z
7374617475733D756E707562
7375626A656374733D44:4435
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/85/
Paradoxes of Perfect Foresight in General Equilibrium Theory
Johnson, Joseph
D5 - General Equilibrium and Disequilibrium
Intertemporal General Equilibrium Theory cannot be used to settle the Capital Controversy.
The device of using dated commodities to avoid dynamic analysis excludes, artificially,
strategic behaviour. The auctioneer plays an unsuspectedly stronger role in the dynamic
economy than in the static economy, if capital goods are present.
2006-10-04
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/85/1/MPRA_paper_85.pdf
Johnson, Joseph (2006): Paradoxes of Perfect Foresight in General Equilibrium Theory.
en
oai:mpra.ub.uni-muenchen.de:88
2019-09-28T18:06:49Z
7374617475733D707562
7375626A656374733D50:5032:503239
7375626A656374733D50:5032:503231
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/88/
Cybernetics in Economics
Kyn, Oldrich
Pelikan, Pavel
P29 - Other
P21 - Planning, Coordination, and Reform
In 1965 Kyn and Pelikan published in Czechoslovakia the book “Kybernetika v Ekonomii” (Cybernetics in Economics). This article, which was published in Prague in English gives the summary and discusses some more important ideas of that book. The book was quite successful and influenced significantly the way economists were at that time looking at the centrally planned economic system imported from the Soviet Union. The main ideas were: a) the crucial role of information in coordination of economic activities; b) the requirements of the appropriate decision making rules; c) the refutation of the prevailing negative views of randomness and spontaneity; d) the role of “natural selection” for processes of self-organization in economic systems. This provided an implicit critique of the over-centralized command economy and indicated the necessity to revive the market economy.
1965
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/88/1/MPRA_paper_88.pdf
Kyn, Oldrich and Pelikan, Pavel (1965): Cybernetics in Economics. Published in: Czechoslovak Economic Papers No. 5 (1965)
en
oai:mpra.ub.uni-muenchen.de:89
2019-09-27T16:46:10Z
7374617475733D756E707562
7375626A656374733D50:5032
7375626A656374733D50:5033:503331
7375626A656374733D50:5032:503236
7375626A656374733D4C:4C33:4C3333
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/89/
On Privatisation and Restructuring
Schröder, Philipp J.H.
P2 - Socialist Systems and Transitional Economies
P31 - Socialist Enterprises and Their Transitions
P26 - Political Economy ; Property Rights
L33 - Comparison of Public and Private Enterprises and Nonprofit Institutions ; Privatization ; Contracting Out
This essay deals with the issues of privatisation and restructuring in transition
economies. The topics are addressed in both a descriptive and empirical manner. The centre of the analysis is the interrelation of privatisation, the resulting ownership form and the expected and actual effect on restructuring behaviour of firms. The essay identifies a slow progress in privatisation, paired with an overweight of insider owners. Furthermore substantial evidence on slow restructuring is collected. Overmanning and excessive social assets prevail in the privatised firms - in part regardless of the new ownership structure. Finally, the link to the government’s fiscal situation is drawn, the costs of restructuring to the government budget are identified. In presenting such account of the privatisation and restructuring situation, the essay provides a basis for formal explanations of slow privatisation and sluggish restructuring.
2000
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/89/1/MPRA_paper_89.pdf
Schröder, Philipp J.H. (2000): On Privatisation and Restructuring.
en
oai:mpra.ub.uni-muenchen.de:90
2019-10-05T15:41:43Z
7374617475733D756E707562
7375626A656374733D49:4932:493231
7375626A656374733D44:4433:443331
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/90/
Schooling and the distribution of wages in the european private and public sectors
Budria, Santiago
I21 - Analysis of Education
D31 - Personal Income, Wealth, and Their Distributions
International research has shown that schooling enhances within-groups wage dispersion. This assessment is typically based on private sector data and, up to date, the inequality implications of schooling have not been documented for the public sector. This paper uses recent data from eight European countries to explicitly take into account differences between the private and public sectors. Using quantile regression, the paper describes the effects of schooling on the location and shape of the conditional wage distribution in each sector. While the average impact of schooling on wages is similar across sectors, the impact of schooling on within-groups dispersion is found to be substantially larger in the private sector than in the public sector. This finding warns that the effects of the European educational expansion on overall within-groups dispersion may be lower than previously thought.
2006-09
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/90/1/MPRA_paper_90.pdf
Budria, Santiago (2006): Schooling and the distribution of wages in the european private and public sectors.
en
oai:mpra.ub.uni-muenchen.de:91
2019-09-27T20:43:52Z
7374617475733D756E707562
7375626A656374733D43:4332:433239
7375626A656374733D44:4433:443331
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/91/
Educational Qualifications and Wage Inequality: Evidence for Europe
Budria, Santiago
Telhado-Pereira, Pedro
C29 - Other
D31 - Personal Income, Wealth, and Their Distributions
This paper explores the connection between education and wage inequality in nine European countries. We exploit the quantile regression technique to calculate returns to lower secondary, upper secondary and tertiary education at different points of the wage distribution. We find that in most countries returns to tertiary education are highly increasing when moving from the lower to the upper quantiles. This finding suggests that an educational expansion towards tertiary education is expected to increase overall within-groups inequality in Europe. In turn, returns to secondary education are quite homogeneous across quantiles, suggesting that an educational expansion towards secondary education is expected to have only a limited impact on within-groups dispersion. Using data from the last decades, we describe changes in the conditional wage distribution of the surveyed countries. A common feature in Europe is that over the last years wage dispersion increased within the high educated.
2005
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/91/1/MPRA_paper_91.pdf
Budria, Santiago and Telhado-Pereira, Pedro (2005): Educational Qualifications and Wage Inequality: Evidence for Europe.
en
oai:mpra.ub.uni-muenchen.de:92
2019-09-29T04:36:37Z
7374617475733D756E707562
7375626A656374733D43:4332:433239
7375626A656374733D44:4433:443331
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/92/
Can over-education account for the positive association between education and within-groups wage inequality? A note
Budria, Santiago
C29 - Other
D31 - Personal Income, Wealth, and Their Distributions
International evidence shows that returns to education are increasing when moving up along the wage distribution. While researchers have focused on the inequality implications of this finding, little attention has been paid to its causes. This paper asks whether the over-education phenomenon is responsible for the observed pattern. To that purpose, recent data from the European Community Household Panel and several measures of over-education based on the worker’s self-assessment are used. The results show that over-education is not a convincing explanation.
2005
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/92/1/MPRA_paper_92.pdf
Budria, Santiago (2005): Can over-education account for the positive association between education and within-groups wage inequality? A note.
en
oai:mpra.ub.uni-muenchen.de:93
2019-09-26T10:13:50Z
7374617475733D756E707562
7375626A656374733D43:4332:433239
7375626A656374733D44:4433:443331
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/93/
Education, Educational Mismatch, and Wage Inequality: Evidence for Spain
Budria, Santiago
Moro-Egido, Ana
C29 - Other
D31 - Personal Income, Wealth, and Their Distributions
In this paper we explore the connection between education and wage inequality in Spain for the period 1994-2001. Drawing on quantile regression, we describe the conditional wage distribution of different populations groups. We find that higher education is associated with higher wage dispersion. According to this, the educational expansion that took place in Spain over the last years contributed to raise wage inequality through the within- dimension. A contribution of the paper is that we explicitly take into account the fact that workers who are and workers who are not in jobs commensurate with their qualifications have a different distribution of earnings. We differentiate between three different types of educational mismatch: ‘over-qualification’, ‘incorrect qualification’, and ‘strong mismatch’. We find that while over-qualification and incorrect qualification are not associated with lower wages, strong mismatch carries a pay penalty that ranges from 13% to 27%. Thus, by driving a wedge between matched and mismatched workers, the incidence of strong mismatch contributes to enlarge wage differences within education groups. We find that over the recent years, the proportion of strongly mismatched workers rose markedly in Spain, contributing towards further within-groups dispersion.
2004
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/93/1/MPRA_paper_93.pdf
Budria, Santiago and Moro-Egido, Ana (2004): Education, Educational Mismatch, and Wage Inequality: Evidence for Spain.
en
oai:mpra.ub.uni-muenchen.de:96
2019-09-28T17:27:39Z
7374617475733D756E707562
7375626A656374733D50:5033:503335
7375626A656374733D50:5034:503433
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/96/
The Nigerian Wars, Regional Crises and Ethnic Disturbances: Policy Responses and Democratic Implications
Nwaobi, Godwin
P35 - Public Economics
P43 - Public Economics ; Financial Economics
Nigeria was incorporated in 1914 when Frederick Lugard(First Governor-General) amalgamated the two British protectorates of Northern and Southern Nigeria and the Crown colony of Lagos into a single entity. The primary reason for almalgamation was economic rather than political. It is therefore, a matter for great regret that this country(Nigeria)has suffered as a result of the all pervasive disunity that has characterised all government action since our accession to independence in 1960. This disunity has distorted, complicated and to a large extent stultified every developmental effort undertaken by government. This paper therefore argues that the much celebrated Nigerian reform progress might be a rhetorics or much ado about nothing. And that the 'BB-, BB AND B'rating of the Nigerian economy might have been a baseless exercise. Consequently, the paper recommends the adoption of e-governance(development as a therapy for a heterogenous and divisible nation such as Nigeria(ceteris paribus).
2006-10-04
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/96/1/MPRA_paper_96.pdf
Nwaobi, Godwin (2006): The Nigerian Wars, Regional Crises and Ethnic Disturbances: Policy Responses and Democratic Implications.
en
oai:mpra.ub.uni-muenchen.de:97
2019-09-27T03:05:29Z
7374617475733D756E707562
7375626A656374733D4F:4F31:4F3136
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/97/
The Dynamics of Electronic Investment Networks: African Experience
Nwaobi, Godwin
O16 - Financial Markets ; Saving and Capital Investment ; Corporate Finance and Governance
Expanding opportunities for people in developing countries is a pressing concern for governments and for the global community. This is because of the fact that nearly half of the world's population lives on less than two dollar a day and one point one billion barely survive on less than one dollar a day. Thus, improving the climate for investment investment in African countries is essential to provide jobs and opportunities for young people and to build a more inclusive, balanced and peaceful world. Consequently, the importance attached to increasing the magnitude and productivity of investment must be underscored. Africa's investment ratio is still not sufficient to replace depreciated physical and human capital, requiring that both domestic and foreign investment be mobilised to effectively achieved sustained economic growth. This paper therefore argues that the dynamics of electronic investment networks in the african context need to be strengthened.
2006-10-27
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/97/1/MPRA_paper_97.pdf
Nwaobi, Godwin (2006): The Dynamics of Electronic Investment Networks: African Experience.
en
oai:mpra.ub.uni-muenchen.de:98
2019-09-27T02:34:37Z
7374617475733D707562
7375626A656374733D52:5231:523131
7375626A656374733D4F:4F31:4F3131
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/98/
Domestic and International Knowledge Spillovers in the South Korean Manufacturing Industries.
Singh, Lakhwinder
R11 - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
O11 - Macroeconomic Analyses of Economic Development
This paper explores the relationship between the productivity growth and both domestic and international knowledge spillovers in the Korean manufacturing industries, using panel data for twenty eight industries over the period 1970-2000. To empirically verify the extent of domestic and international knowledge spillovers we have followed endogenous growth approach and wisdom from new international trade theory. We find strong productivity effects from industry’s own R&D as well as domestic and foreign knowledge spillovers. International knowledge spillovers transmitted by trade played dominant role in explaining productivity growth in the Korean manufacturing industries during the 1970s and 1980s, but the international knowledge spillovers did not play any significant role in the 1990s. This empirical finding has strong implications for the Korean technology policy as well as for the strict intellectual property rights regime enacted by the WTO.
2006-10-04
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/98/1/MPRA_paper_98.pdf
Singh, Lakhwinder (2006): Domestic and International Knowledge Spillovers in the South Korean Manufacturing Industries. Published in: Economic and Political Weekly , Vol. Vol. 3, No. No.5 (30 January 2004): pp. 498-505.
en
oai:mpra.ub.uni-muenchen.de:99
2019-09-26T09:16:24Z
7374617475733D707562
7375626A656374733D4F:4F31:4F3135
7375626A656374733D4F:4F31:4F3134
7375626A656374733D4F:4F31
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/99/
Technological Progress, Structural Change and Productivity Growth in Manufacturing Sector of South Korea
Singh, Lakhwinder
O15 - Human Resources ; Human Development ; Income Distribution ; Migration
O14 - Industrialization ; Manufacturing and Service Industries ; Choice of Technology
O1 - Economic Development
This paper focuses on the impact of technology, structural change on the aggregate productivity growth in manufacturing sector of South Korea, using the eight firm size classes over the period 1970-2000. The conventional shift-share analysis is used to measure the impact of shift of both labor and capital inputs. The results show that structural change on average has been conducive to productivity growth during the 1970s and this pattern reversed afterwards. Small and medium industries were more dynamic in terms of reallocation of resources, however, their positive impact out-weighed because of the dominance of large sized firms in the manufacturing sector. Deliberate state policy favoring large sized firms has impeded restructuring process facilitated by technical progress may have a penalty in terms of forgone growth.
2004
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/99/1/MPRA_paper_99.pdf
Singh, Lakhwinder (2004): Technological Progress, Structural Change and Productivity Growth in Manufacturing Sector of South Korea. Published in: World Review of Science Technology and Sustainable Development , Vol. Vol.1, No. No.1 (2004): pp. 37-49.
en
oai:mpra.ub.uni-muenchen.de:102
2019-09-27T16:48:17Z
7374617475733D756E707562
7375626A656374733D44:4438:443833
7375626A656374733D48:4833:483330
7375626A656374733D43:4337:433732
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/102/
When Can Politicians Scare Citizens Into Supporting Bad Policies? A Theory of Incentives with Fear-Based Content
Lupia, Arthur
Menning, Jesse
D83 - Search ; Learning ; Information and Knowledge ; Communication ; Belief ; Unawareness
H30 - General
C72 - Noncooperative Games
Analysts make competing claims about when and how politicians can use fear to gain support for suboptimal policies. Using a model, we clarify how common attributes of fear affect politicians’ abilities to achieve self-serving outcomes that are bad for voters. In it, a politician provides information about a threat. His statement need not be true. How citizens respond differs from most game-theoretic models – we proceed from more dynamic (and realistic) assumptions about how citizens think. Our conclusions counter popular claims about how easily politicians use fear to manipulate citizens, yield different policy advice than does recent scholarship on counterterrorism, and highlight issues (abstract, distant) and leaders (secretive) for which recent findings by political psychologists and public opinion scholars will – and will not – generalize.
2005
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/102/1/MPRA_paper_102.pdf
Lupia, Arthur and Menning, Jesse (2005): When Can Politicians Scare Citizens Into Supporting Bad Policies? A Theory of Incentives with Fear-Based Content.
en
oai:mpra.ub.uni-muenchen.de:103
2019-09-26T22:30:37Z
7374617475733D756E707562
7375626A656374733D48:4833:483330
7375626A656374733D48:4833:483331
7375626A656374733D43:4339:433930
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/103/
What Citizens Know Depends on How You Ask Them: Political Knowledge and Political Learning Skills
Lupia, Arthur
Prior, Markus
H30 - General
H31 - Household
C90 - General
Surveys provide widely-cited measures of political knowledge. Do unusual aspects of survey interviews reduce their relevance? To address this question, we embedded a set of experiments in a representative survey of over 1200 Americans. A control group answered political knowledge questions in a typical survey context. Respondents in treatment groups received the same questions in different contexts. One group received a monetary incentive for answering questions correctly. Others were given more time to answer the questions. The treatments increase the number of correct answers by 11-24 percent.
Our findings imply that conventional knowledge measures confound respondents’ recall of political information and their motivation to engage the survey question. The measures also provide unreliable assessments of respondents’ abilities to access information that they have stored in places other than their immediately available memories. As a result, existing knowledge measures likely underestimate peoples’ capacities for informed decision making.
2005
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/103/1/MPRA_paper_103.pdf
Lupia, Arthur and Prior, Markus (2005): What Citizens Know Depends on How You Ask Them: Political Knowledge and Political Learning Skills.
en
oai:mpra.ub.uni-muenchen.de:105
2019-09-30T13:34:06Z
7374617475733D756E707562
7375626A656374733D43:4337
7375626A656374733D44:4438:443831
7375626A656374733D41:4131
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/105/
Scientific Revolution? A Farewell to EconWPA. MPRA is welcome.
Harin, Alexander
C7 - Game Theory and Bargaining Theory
D81 - Criteria for Decision-Making under Risk and Uncertainty
A1 - General Economics
A new approach is presented. It is based on a generalization of a breach of a term of contract and on the economic uncertainty principle. Problems, which can be solved, research fields, which can be augmented or created, and fields of applications in practical economy are reviewed. The role of information media is described.
2006-10-03
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/105/1/MPRA_paper_105.pdf
Harin, Alexander (2006): Scientific Revolution? A Farewell to EconWPA. MPRA is welcome.
en
oai:mpra.ub.uni-muenchen.de:106
2019-10-01T04:44:44Z
7374617475733D756E707562
7375626A656374733D41:4131:413131
7375626A656374733D44:4435:443533
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/106/
The role of professional economists in the financial markets
Porzecanski, Arturo C.
A11 - Role of Economics ; Role of Economists ; Market for Economists
D53 - Financial Markets
Economists have always been interested in the workings of the financial markets, but most of them neither seek nor get the opportunity to work in a financial institution as a professional economist. Here we detail how (a minority of) economists became involved in the financial markets, and what that professional involvement has entailed, in order to come up with implications for economists who are considering working in the financial markets as well as for the universities that provide training for future economists.
2006-05
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/106/1/MPRA_paper_106.pdf
Porzecanski, Arturo C. (2006): The role of professional economists in the financial markets.
en
oai:mpra.ub.uni-muenchen.de:107
2019-09-27T12:16:19Z
7374617475733D696E7072657373
7375626A656374733D48:4837:483733
7375626A656374733D48:4832:483235
7375626A656374733D48:4838:483837
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/107/
Corporate Tax Competition and Coordination in the European Union: What do we know? Where do we stand?
Nicodeme, Gaetan
H73 - Interjurisdictional Differentials and Their Effects
H25 - Business Taxes and Subsidies
H87 - International Fiscal Issues ; International Public Goods
This paper reviews the rationales and facts about corporate tax coordination in
Europe. Although statutory tax rates have dramatically declined, revenues collected from
corporate taxation are fairly stable and there is so far no evidence of a race-to-the-bottom. The ambiguous results from economic tax theory and the institutional setting have
constrained strong EU policy action in the area of tax competition. Yet, there are welfare
gains to be expected from tax coordination. Following its 2001 Communication, the
European Commission is currently working with Member States on the definition of a
common consolidated corporate tax base for European Companies.
2006-06
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/107/1/MPRA_paper_107.pdf
Nicodeme, Gaetan (2006): Corporate Tax Competition and Coordination in the European Union: What do we know? Where do we stand? Forthcoming in: International Taxation (2007)
en
oai:mpra.ub.uni-muenchen.de:109
2019-10-01T01:52:56Z
7374617475733D756E707562
7375626A656374733D44:4438:443833
7375626A656374733D44:4438:443830
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/109/
Learning from Private and Public Observation of Other's Actions
Amador, Manuel
Weill, Pierre-Olivier
D83 - Search ; Learning ; Information and Knowledge ; Communication ; Belief ; Unawareness
D80 - General
We study how a continuum of agents learn about disseminated information by
observing others’ actions. Every period each agent observes a public and private noisy
signal centered around the aggregate action taken by the population. The public signal
represents an endogenous aggregate variable such as a price or a quantity. The private
signal represents the information gathered through private communication and local
interactions. We identify conditions such that the average learning curve is S-shaped:
learning is slow initially, intensifies rapidly, and finally converges slowly to the truth.
We show that increasing public information always slows down learning in the long run
and, under some conditions, reduces welfare. Lastly, optimal diffusion of information
requires that agents “strive to be different”: agents need to be rewarded for choosing
actions away from the population average.
2006-06-15
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/109/1/MPRA_paper_109.pdf
Amador, Manuel and Weill, Pierre-Olivier (2006): Learning from Private and Public Observation of Other's Actions.
en
oai:mpra.ub.uni-muenchen.de:115
2019-09-27T07:07:02Z
7374617475733D756E707562
7375626A656374733D45:4531:453130
7375626A656374733D4F:4F34:4F3430
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/115/
Developower: The Potential Motivity in Economic Process
Feng, Dai
E10 - General
O40 - General
Stating from the intrinsic characteristics of macroeconomic process, this paper puts forward the concept of developwer and its theoretical frame. The developwer is the potential and invisible motivities to push economy to progress. By means of the developower theory, we can explain some important problems in macro-economy. We discuss the basic properties of developower and obtain some interesting inferences. The evaluating approaches are given for one or more developowers, and then we can measure them in analytic way and analyze the correlated effects among them. Finally, we illustrate that the developower movements exist widely in the social and economic development.
2006-10-05
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/115/1/MPRA_paper_115.pdf
Feng, Dai (2006): Developower: The Potential Motivity in Economic Process.
en
oai:mpra.ub.uni-muenchen.de:116
2019-10-04T19:33:42Z
7374617475733D756E707562
7375626A656374733D4F:4F31:4F3131
7375626A656374733D45:4530:453030
7375626A656374733D43:4335:433531
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/116/
Boating Against the Current: The Advance-Retreat Analysis for Socio-Economic Process
Feng, Dai
O11 - Macroeconomic Analyses of Economic Development
E00 - General
C51 - Model Construction and Estimation
Boating against the current is a kind of human behavior which can generalize many real socio-economic processes. Starting from the view of point, this paper suggests the problem for advance-retreat course and builds the general analytic models of advance-retreat. By the models, we could see the endogenous resistances, instead of exogenous resistances, causes the periodic fluctuation in socio-economic process, and get the critical condition under which the periodic fluctuation is occured. A series of results for developing motivity and investing strategies are obtained. Finally, the conclusions and strategies are illuminated to be rational and maneuverable by two examples.
2006-10-05
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/116/1/MPRA_paper_116.pdf
Feng, Dai (2006): Boating Against the Current: The Advance-Retreat Analysis for Socio-Economic Process.
en
oai:mpra.ub.uni-muenchen.de:117
2019-10-05T05:41:21Z
7374617475733D756E707562
7375626A656374733D4F:4F31:4F3131
7375626A656374733D43:4337:433733
7375626A656374733D45:4531:453137
7375626A656374733D43:4335:433533
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/117/
The Stochastic Advance-Retreat Course: An Approach to Analyse Social-Economic Evolution
Feng, Dai
Yuan-Zheng, Zhong
O11 - Macroeconomic Analyses of Economic Development
C73 - Stochastic and Dynamic Games ; Evolutionary Games ; Repeated Games
E17 - Forecasting and Simulation: Models and Applications
C53 - Forecasting and Prediction Methods ; Simulation Methods
The paper presents the basic theory and conceptual model for advance-retreat course and provides the analytic model the stochastic advance-retreat course and the solving method of it, discusses the relations between the endogenous resistance and subject interests increase with the periodic vibration in an advance-retreat course, gets some results, like heightening appropriately the risk-free interest rate will be favorable to subject interests’ increasing in stable, interests increasing in high-speed will result in the fast increase of resistance, the subject progress in a appropriate pace may bring the conclusion such as lasting interests increase and return with higher-level interests, etc. Finally, the empirical researches empirical, on data of USA GDP (chained) price index, has been made to the stochastic advance-retreat model, and the results show that the stochastic advance-retreat model can describe USA economic development process in recent 65 years.
2006-10-05
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/117/1/MPRA_paper_117.pdf
Feng, Dai and Yuan-Zheng, Zhong (2006): The Stochastic Advance-Retreat Course: An Approach to Analyse Social-Economic Evolution.
en
oai:mpra.ub.uni-muenchen.de:118
2019-09-26T22:20:17Z
7374617475733D707562
7375626A656374733D49:4932:493232
7375626A656374733D49:4932:493238
7375626A656374733D49:4932
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/118/
Achieving education for all: How much does money matter?
Al-Samarrai, Samer
I22 - Educational Finance ; Financial Aid
I28 - Government Policy
I2 - Education and Research Institutions
This paper explores the extent to which differences in the resources allocated to education explain differences in educational access and performance across countries. Cross-country regression analysis shows that the link between educational access and performance and public education expenditure is weak.. The paper suggests that levels of household spending, the effectiveness of the public expenditure management system and the composition of public education spending are important factors explaining this weak link. The results imply that the achievement of the education millennium development goals will require more than just increases in expenditure on primary education. This does not imply that resources are unnecessary, but that increasing resources alone is unlikely to be sufficient. The composition of resources and institutions that govern the use of these resources play a central role in translating resources into better schooling outcomes. A stronger focus on these aspects of education systems will be required if the Millennium Development Goals in education are to be achieved.
2002-12
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/118/1/MPRA_paper_118.pdf
Al-Samarrai, Samer (2002): Achieving education for all: How much does money matter? Published in: Journal of International Development No. 18 (2006): pp. 179-206.
en
oai:mpra.ub.uni-muenchen.de:120
2019-09-27T04:53:48Z
7374617475733D696E7072657373
7375626A656374733D45:4535:453530
7375626A656374733D45:4533:453332
7375626A656374733D45:4534:453432
7375626A656374733D42:4235:423533
7375626A656374733D4B:4B33:4B3339
7375626A656374733D47:4731:473138
7375626A656374733D50:5033:503334
7375626A656374733D48:4831:483131
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/120/
The Uneasy Case for Fractional-Reserve Free Banking
van den Hauwe, Ludwig
E50 - General
E32 - Business Fluctuations ; Cycles
E42 - Monetary Systems ; Standards ; Regimes ; Government and the Monetary System ; Payment Systems
B53 - Austrian
K39 - Other
G18 - Government Policy and Regulation
P34 - Financial Economics
H11 - Structure, Scope, and Performance of Government
Since a few decades several sub-disciplines within economics have witnessed a reorientation towards institutional analysis. This development has in particular also affected the fields of macroeconomics and monetary theory where it has led to several proposals for far-reaching financial and monetary reform. One of the more successful of these proposals advocates a fractional-reserve free banking system, that is, a system with no central bank, but with permission for the banks to operate with a fractional reserve. This article exposes several conceptual flaws in this proposal. In particular several claims of the fractional-reserve free bankers with respect to the purported working characteristics of this system are criticized from the perspective of economic theory. In particular, the claim that a fractional-reserve free banking system would lead to the disappearance of the business cycle is recognized as false. Furthermore an invisible-hand analysis is performed, reinforcing the conclusion that fractional-reserve free banking is incompatible with the ethical and juridical principles underlying a free society.
2006-10-05
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/120/1/MPRA_paper_120.pdf
van den Hauwe, Ludwig (2006): The Uneasy Case for Fractional-Reserve Free Banking. Forthcoming in: Procesos de Mercado Revista Europea de Economía Política , Vol. III, No. 2 (December 2006)
en
oai:mpra.ub.uni-muenchen.de:122
2019-09-28T15:51:32Z
7374617475733D707562
7375626A656374733D45:4531:453137
7375626A656374733D48:4836:483632
7375626A656374733D48:4830:483030
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/122/
Fiscal Sustainability in Selected Transition Countries
Aristovnik, Aleksander
Berčič, Boštjan
E17 - Forecasting and Simulation: Models and Applications
H62 - Deficit ; Surplus
H00 - General
In the article, we review recent literature on fiscal sustainability with particular reference to problems that are specific to transition countries. While the original literature on fiscal sustainability is chiefly focused on industrial countries there are by now few works that have focused on fiscal sustainability in transition countries. Consequently, the article’s purpose is to assess the short-, medium- and long-term sustainability of fiscal policy (under set assumptions) on the national level in the great majority of transition countries which we divide into three main groups, i.e. Central and Eastern Europe (CEE), Southern and Eastern Europe (SEE) and the Commonwealth of Independent States (CIS). Based on simple mainstream theory measures of fiscal sustainability, the results indicate that fiscal sustainability seems to be a problem in many transition countries, particularly in CEE (e.g. Czech Republic, Hungary, and Poland) and the SEE region (e.g. Albania and Croatia).
2007-01
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/122/1/MPRA_paper_122.pdf
Aristovnik, Aleksander and Berčič, Boštjan (2007): Fiscal Sustainability in Selected Transition Countries. Published in: Journal of Economics , Vol. 55, No. 7 (2007): pp. 659-675.
en
oai:mpra.ub.uni-muenchen.de:124
2019-09-28T04:51:03Z
7374617475733D707562
7375626A656374733D4C:4C31:4C3131
7375626A656374733D46:4631:463135
7375626A656374733D46:4631:463132
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/124/
Reductions in Real versus Tariff Barriers: The Effects on Industry Concentration
Schröder, Philipp J.H.
Jørgensen, Jan G.
L11 - Production, Pricing, and Market Structure ; Size Distribution of Firms
F15 - Economic Integration
F12 - Models of Trade with Imperfect Competition and Scale Economies ; Fragmentation
Economic integration in Europe has had ambiguous effects on industry concentration. The literature has proposed various explanations of the empirical findings. The present paper provides an additional theoretical argument. We show that in a world of monopolistic competition, integration in it self (modelled as a reduction of trade barriers) generates opposing effects on industry concentration, depending on wether the barrier is a real (frictional) or a tariff cost. In particular, the Herfindahl index of industry concentration falls for a reduction in real costs, but rises for a reduction in tariff costs. The reason is that real barriers burn up resources, such that industry profitability is reduced, reducing entry, and resulting in fewer firms and higher concentration. Under a tariff barrier, the redistributed tariff revenue stabilises industry profitability, resulting in more firms and lower concentration.
2001
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/124/1/MPRA_paper_124.pdf
Schröder, Philipp J.H. and Jørgensen, Jan G. (2001): Reductions in Real versus Tariff Barriers: The Effects on Industry Concentration. Published in: Journal of Industry Competition and Trade , Vol. 3, No. 4 (2003): pp. 251-268.
en
oai:mpra.ub.uni-muenchen.de:125
2019-09-28T16:45:46Z
7374617475733D756E707562
7375626A656374733D43:4335
7375626A656374733D43:4332:433232
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/125/
Finite sample effects of pure seasonal mean shifts on Dickey-Fuller tests
B. da Silva Lopes, Artur C.
C5 - Econometric Modeling
C22 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes
In this paper it is demonstrated by simulation that, contrary to a widely held belief, pure seasonal mean shifts - i.e., seasonal structural breaks which affect only the deterministic seasonal cycle - really do matter for Dickey-Fuller long-run unit root tests.
2005-10-15
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/125/1/MPRA_paper_125.pdf
B. da Silva Lopes, Artur C. (2005): Finite sample effects of pure seasonal mean shifts on Dickey-Fuller tests.
en
oai:mpra.ub.uni-muenchen.de:126
2019-09-27T04:36:39Z
7374617475733D756E707562
7375626A656374733D46:4634:463431
7375626A656374733D46:4633:463331
7375626A656374733D46:4631:463132
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/126/
Fundamental equilibrium exchange rate for the Polish zloty
Rubaszek, Michal
F41 - Open Economy Macroeconomics
F31 - Foreign Exchange
F12 - Models of Trade with Imperfect Competition and Scale Economies ; Fragmentation
In May 2004 Poland joined the European Union and is thereby committed to introduce the euro in the forthcoming years. The balance of costs and benefits of the euro adoption depends on the decision of the Polish and European authorities concerning the level of central parity in the ERM II, and subsequently the conversion rate of the zloty. In order to address the issue of an "ideal" level of the real exchange rate this paper proposes a model which is applied to estimate the level of the equilibrium of the zloty. The results indicate that at the end of 2004 the zloty was undervalued by 4.3%.
2005-09
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/126/1/MPRA_paper_126.pdf
Rubaszek, Michal (2005): Fundamental equilibrium exchange rate for the Polish zloty.
en
oai:mpra.ub.uni-muenchen.de:127
2019-10-23T17:33:42Z
oai:mpra.ub.uni-muenchen.de:128
2019-09-26T16:09:55Z
7374617475733D696E7072657373
7375626A656374733D49:4932
7375626A656374733D4A:4A36:4A3632
7375626A656374733D4A:4A30
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/128/
Where has all the education gone in Sub-Saharan Africa? Employment and other outcomes among secondary school and university leavers
Al-Samarrai, Samer
Bennell, Paul
I2 - Education and Research Institutions
J62 - Job, Occupational, and Intergenerational Mobility
J0 - General
Anecdotal evidence and generalisations abound concerning the employment outcomes of secondary school and university leavers, but there is very little solid, accurate information on what these groups in African countries do after they have completed their education. Using tracer surveys, this paper presents comprehensive time-series information on the activity profiles of representative samples of secondary school leavers and university graduates in Malawi, Tanzania, Uganda, and Zimbabwe. The paper shows that much of the anecdotal evidence surrounding the labour market outcomes of these groups is spurious. While employment outcomes are generally much better than expected, the tracer surveys highlight the enormous challenges of educating and subsequently utilising secondary school leavers and university graduates in an efficient and effective manner in low-income African countries. In particular, given the paucity of new employment opportunities in the formal sector, much more needs to be done in order to ensure that both these groups are better prepared for productive self-employment, especially in high growth and higher skill activities.
2006
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/128/1/MPRA_paper_128.pdf
Al-Samarrai, Samer and Bennell, Paul (2006): Where has all the education gone in Sub-Saharan Africa? Employment and other outcomes among secondary school and university leavers. Forthcoming in: Journal of Development Studies
en
oai:mpra.ub.uni-muenchen.de:129
2019-09-28T13:05:20Z
7374617475733D696E7072657373
7375626A656374733D4A:4A33:4A3331
7375626A656374733D49:4932
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/129/
Education, Employment and Earnings of Secondary School and University Leavers in Tanzania: Evidence from a Tracer Study
Al-Samarrai, Samer
Reilly, Barry
J31 - Wage Level and Structure ; Wage Differentials
I2 - Education and Research Institutions
The empirical evidence on the earnings of educated groups in Tanzania is limited. This study uses a recently completed tracer survey of secondary school completers to analyse the impact of educational qualifications on labour market earnings. Our findings suggest that the rates of return to the highest educational qualifications for wage employees are not negligible and, at the margin, provide an investment incentive. However, we find little evidence of human capital effects in the earnings determination process for the self-employment sector. Information contained in the tracer survey allowed the introduction of controls for father’s educational background and a set of school fixed effects designed to proxy for school quality and potential labour market network effects. Our analysis reveals that the inclusion of these controls in the earnings determination process is important and tends to reduce the estimated rates of return to educational qualifications. A comparison of our results with the available evidence from other countries in the region suggest that despite an extremely small secondary and university education system the private rates of return to education in the Tanzanian wage employment sector are comparatively low.
2006
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/129/1/MPRA_paper_129.pdf
Al-Samarrai, Samer and Reilly, Barry (2006): Education, Employment and Earnings of Secondary School and University Leavers in Tanzania: Evidence from a Tracer Study. Forthcoming in: Journal of Development Studies
en
oai:mpra.ub.uni-muenchen.de:130
2019-09-27T03:37:59Z
7374617475733D696E7072657373
7375626A656374733D49:4932:493232
7375626A656374733D49:4933:493338
7375626A656374733D48:4835:483532
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/130/
Abolishing school fees in Malawi: the impact on education access and equity
Al-Samarrai, Samer
Zaman, Hassan
I22 - Educational Finance ; Financial Aid
I38 - Government Policy ; Provision and Effects of Welfare Programs
H52 - Government Expenditures and Education
In 1994, the newly elected Government in Malawi abolished primary school fees. Using household survey data from 1990/91 and 1997/98 this paper assesses the impact this major policy change, combined with increased Government spending on education, has had on access to schooling by the poor. This paper shows that enrolment rates have increased dramatically over the 1990s, at both the primary and secondary levels, and that crucially these gains have been greatest for the poor. In order to sustain and build-on these gains the paper suggests cutting back on the informal ‘contributions’ that are widely prevalent in primary school and improving the allocation of secondary school funding. Furthermore, the focus of policy reform, particularly at primary, should shift towards raising the quality of education. Finally the paper argues that careful advance planning and piloting of the reform in selected areas are useful strategies that other countries considering abolishing primary school fees could take to cope with the associated surge in enrolments.
2000
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/130/1/MPRA_paper_130.pdf
Al-Samarrai, Samer and Zaman, Hassan (2000): Abolishing school fees in Malawi: the impact on education access and equity. Forthcoming in: Education Economics
en
oai:mpra.ub.uni-muenchen.de:131
2019-09-28T09:29:54Z
7374617475733D756E707562
7375626A656374733D44:4438:443833
7375626A656374733D44:4434:443433
7375626A656374733D4C:4C31:4C3133
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/131/
Markets with Search and Switching Costs
Wilson, Chris
D83 - Search ; Learning ; Information and Knowledge ; Communication ; Belief ; Unawareness
D43 - Oligopoly and Other Forms of Market Imperfection
L13 - Oligopoly and Other Imperfect Markets
By incorporating the additional existence of switching costs into an oligopoly search model by Stahl (1989), this paper dispels the misleading idea that search costs can simply be treated as a form of switching cost. Due to the assumption that search costs, unlike switching costs, are incurred unconditionally on the decision to switch suppliers it is shown that the anticompetitive effects of search costs are consistently larger than those from an equivalent level of switching costs. The finding suggests that obfuscation practices that aim to deter consumers from searching, such as competing on deliberately complex tariffs, may be particularly powerful relative to practices that increase the costs of substitution between firms, such as loyalty programs or termination fees.
2006-05-06
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/131/1/MPRA_paper_131.pdf
Wilson, Chris (2006): Markets with Search and Switching Costs.
en
oai:mpra.ub.uni-muenchen.de:132
2019-09-29T09:15:46Z
7374617475733D696E7072657373
7375626A656374733D44:4435:443531
7375626A656374733D48:4834:483431
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/132/
Subscription equilibria with public production: Existence and regularity
Villanacci, Antonio
Zenginobuz, Unal
D51 - Exchange and Production Economies
H41 - Public Goods
We revisit the analysis of subscription equilibria in a full fledged general equilibrium model with public goods. We study the case of a nonprofit, or public, firm that produces the public good using private goods as inputs, which are to be financed by voluntary contributions (subscriptions) of households. We prove existence and generic regularity of subscription equilibria.
2005-05-06
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/132/1/MPRA_paper_132.pdf
Villanacci, Antonio and Zenginobuz, Unal (2005): Subscription equilibria with public production: Existence and regularity. Forthcoming in: Research in Economics
en
oai:mpra.ub.uni-muenchen.de:133
2019-10-06T15:21:33Z
7374617475733D756E707562
7375626A656374733D43:4331
7375626A656374733D4A:4A37:4A3731
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/133/
Glass Ceilings and Sticky Floors: A Representation Index
Pendakur, Krishna
Pendakur, Ravi
Woodcock, Simon
C1 - Econometric and Statistical Methods and Methodology: General
J71 - Discrimination
Recent research on glass ceilings and sticky floors has focused on the magnitude of differences between groups in the upper and lower quantile cutoffs of the conditional wage distribution. However, quantile cutoffs for different groups are only weakly informative of representation. For example, if the top decile cutoff is lower for minority than majority workers, this tells us that minority workers are under-represented in the top decile, but does not tell us the magnitude of the under-representation. In this paper, we propose a direct measure of the representation of a population subgroup, which we define as the proportion of group members whose earnings lie below (or above) a population earnings quantile. Our representation index is easily generalised to condition on characteristics (such as age, education, etc). Further, it generalizes naturally to an index of the severity (or cost) of under-representation to group members, which is based on dollar-weighted representation. Both representation and severity indices are easily calculated via existing regression techniques. We illustrate the approach using Canadian earnings data.
2006-06
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/133/1/MPRA_paper_133.pdf
Pendakur, Krishna and Pendakur, Ravi and Woodcock, Simon (2006): Glass Ceilings and Sticky Floors: A Representation Index.
en
oai:mpra.ub.uni-muenchen.de:134
2019-09-27T04:58:56Z
7374617475733D756E707562
7375626A656374733D43:4335:433533
7375626A656374733D43:4332:433232
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/134/
A model of cyclical terrorist murder in Colombia, 1950-2004. Forecasts 2005-2019
Gomez-Sorzano, Gustavo
C53 - Forecasting and Prediction Methods ; Simulation Methods
C22 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes
Abstract: This paper continues a research born in 1993 as a consequence of the growing concern regarding the escalation of violence in Colombia; its objective is to create an econometric model capable of forecasting the path of terrorist murder under different policy options and helping the country in the design of state policy drawing the lineaments for reaching the pacification of the country. I claim that the approach presented here is the only way of creating an econometric model for terrorist murder in Colombia. In the first part I use The Beveridge and Nelson decomposition of economic time series to estimate the cyclical component of murder, which is used later to construct a theoretically and statistically satisfying model to account for cyclically motivated terrorist murder in Colombia, 1950-2004. The variables that together account for eighty three percent of the variation in cyclical terrorist murder are the years of Colombia’s La Violencia period when the peasant self-defense movements appeared, the years of the so-called National Front political collusion between the two main establishment parties, the real trade balance, the size of Colombia’s military forces as a proxy for all armed forces (military, para-military, guerrilla, and drug-related) in the country, the unemployment rate, the number of students matriculated in all modalities and people displaced in the country. The forecasts for cyclical terrorist murder for 2003-2004 show the big dilemma facing the Colombian authorities: the strong reduction of displaced people from 212,000 in 2003 to 117,000 in 2004 boosted the cyclical terrorist murder in the countryside, erasing the initial results by president Uribe’s administration at controlling the intensity of the conflict and implying that any future policy at diminishing it should control the number of displaced people, one of the biggest problems facing Colombia today. The final section presents forecasts for 2005-2019 suggesting, that peace will be attained around year 2008 and, that the way, at this point to reach sustainable peace is through the continuation of the Democratic Security Policy and strong presidential leadership headed towards disarmament of all armed actors in the country combined with the implementing of political and social changes that will secure lasting peace before year 2019.
2006-05-22
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/134/1/MPRA_paper_134.pdf
Gomez-Sorzano, Gustavo (2006): A model of cyclical terrorist murder in Colombia, 1950-2004. Forecasts 2005-2019.
en
oai:mpra.ub.uni-muenchen.de:135
2019-09-26T11:00:23Z
7374617475733D756E707562
7375626A656374733D43:4335:433533
7375626A656374733D43:4332:433232
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/135/
Scenarios for sustainable peace in colombia by year 2019
Gomez-Sorzano, Gustavo
C53 - Forecasting and Prediction Methods ; Simulation Methods
C22 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes
This paper presents the simulation results of the model of cyclical terrorist murder for Colombia (Gómez-Sorzano, 2005) on the purpose of doing sensitivity analysis to help the country in the design of a policy bringing sustainable peace before year 2019. The first part presents 11 scenarios 2005-2010. The final section shows 18 additional scenarios 2006-2019. According to them peace will be attained around year 2008 and sustainable peace will be granted before year 2019.
2006-09-22
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/135/1/MPRA_paper_135.pdf
Gomez-Sorzano, Gustavo (2006): Scenarios for sustainable peace in colombia by year 2019.
en
oai:mpra.ub.uni-muenchen.de:136
2019-09-30T17:13:44Z
7374617475733D696E7072657373
7375626A656374733D43:4333:433332
7375626A656374733D45:4533:453331
7375626A656374733D43:4333:433333
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/136/
Is there Really a Unit Root in the Inflation Rate? More Evidence from Panel Data Models
Basher, Syed A.
Westerlund, Joakim
C32 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes ; State Space Models
E31 - Price Level ; Inflation ; Deflation
C33 - Panel Data Models ; Spatio-temporal Models
Time series unit root evidence suggests that inflation is nonstationary. By contrast, when using more powerful panel unit root tests, Culver and Papell (1997) find that inflation is stationary. In this paper, we test the robustness of this result by applying a battery of recent panel unit root tests. The results suggest that the stationarity of inflation holds even after controlling for crosssectional dependence and structural change.
2006
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/136/1/MPRA_paper_136.pdf
Basher, Syed A. and Westerlund, Joakim (2006): Is there Really a Unit Root in the Inflation Rate? More Evidence from Panel Data Models. Forthcoming in: Applied Economics Letters
en
oai:mpra.ub.uni-muenchen.de:138
2019-09-26T11:39:58Z
7374617475733D756E707562
7375626A656374733D4C:4C38:4C3833
7375626A656374733D5A:5A30
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/138/
Team Performance in UEFA Champions League 2005-06
Papahristodoulou, Christos
L83 - Sports ; Gambling ; Restaurants ; Recreation ; Tourism
Z0 - General
This study uses a multi-output multi-input Data Efficiency Analysis (DEA) to estimate the performance of all thirty-two participated football teams in the UEFA Champions League (CL) tournament 2005-06. The estimates are based on official match statistics from all 125 matches.
2006-09-05
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/138/1/MPRA_paper_138.pdf
Papahristodoulou, Christos (2006): Team Performance in UEFA Champions League 2005-06.
en
oai:mpra.ub.uni-muenchen.de:142
2019-09-26T18:59:34Z
7374617475733D756E707562
7375626A656374733D43:4337
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/142/
Random Marginal and Random Removal values
Calvo, Emilio
C7 - Game Theory and Bargaining Theory
We propose two variations of the non-cooperative bargaining model for games in coalitional form, introduced by Hart and Mas-Colell (1996a). These strategic games implement, in the limit, two new NTU-values: The random marginal and the random removal values. The main characteristic of these proposals is that they always select a unique payoff allocation in NTU-games. The random marginal value coincides with the Consistent NTU-value (Maschler and Owen, 1989) for hyperplane games, and with the Shapley value for TU games (Shapley, 1953). The random removal coincides with the solidarity value (Novak and Radzik, 1994) in TU-games. In large games it is showed that, in the special class of market games, the random marginal coincides with the Shapley NTU-value (Shapley,1969), and that the random removal coincides with the equal split solution.
2006-10
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/142/1/MPRA_paper_142.pdf
Calvo, Emilio (2006): Random Marginal and Random Removal values.
en
oai:mpra.ub.uni-muenchen.de:143
2019-09-27T01:56:12Z
7374617475733D756E707562
7375626A656374733D4F:4F34:4F3437
7375626A656374733D46:4634:463433
7375626A656374733D42:4234:423431
7375626A656374733D4F:4F34:4F3431
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/143/
A Growth Theory and Competitiveness Gains Measure Linkage
González, Germán
O47 - Empirical Studies of Economic Growth ; Aggregate Productivity ; Cross-Country Output Convergence
F43 - Economic Growth of Open Economies
B41 - Economic Methodology
O41 - One, Two, and Multisector Growth Models
This work provides a macroeconomic approach and a sound conceptual foundation for the notion of "competitiveness gains", so prone to multiple interpretations, and to make it fit for empirical analyses. Instead of "competitiveness" is "competitiveness gains" the relevant concept, defined as a situation where the economy experiences a higher growth rate of TFP than its competitors. We present a theoretical model of competitiveness that provides a rationale for the variations of competitiveness,associated to the behavior of related variables; then we carry out an empirical exercise which shows that our formalization supports a measurable approximation to competitiveness gains.
2006-10-05
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/143/1/MPRA_paper_143.pdf
González, Germán (2006): A Growth Theory and Competitiveness Gains Measure Linkage.
en
oai:mpra.ub.uni-muenchen.de:145
2019-09-28T11:51:01Z
7374617475733D707562
7375626A656374733D46:4635:463531
7375626A656374733D4A:4A35:4A3532
7375626A656374733D43:4337:433738
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/145/
Multiagent negotiation for fair and unbiased resource allocation
Iyer, Karthik
Huhns, Michael
F51 - International Conflicts ; Negotiations ; Sanctions
J52 - Dispute Resolution: Strikes, Arbitration, and Mediation ; Collective Bargaining
C78 - Bargaining Theory ; Matching Theory
This paper proposes a novel solution for the n agent cake cutting (resource allocation) problem. We propose a negotiation protocol for dividing a resource among n agents and then provide an algorithm for allotting portions of the resource. We prove that this protocol can enable distribution of the resource among n agents in a fair manner. The protocol enables agents to choose portions based on their internal utility function, which they do not have to reveal. In addition to being fair, the protocol has desirable features such as being unbiased and verifiable while allocating resources. In the case where the resource is two-dimensional (a circular cake) and uniform, it is shown that each agent can get close to l/n of the whole resource.
2005-10
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/145/1/MPRA_paper_145.pdf
Iyer, Karthik and Huhns, Michael (2005): Multiagent negotiation for fair and unbiased resource allocation. Published in: Lecture Notes in Computer Science , Vol. 3760, (October 2005): pp. 453-465.
en
oai:mpra.ub.uni-muenchen.de:146
2019-09-30T15:04:09Z
7374617475733D707562
7375626A656374733D4F:4F31
7375626A656374733D51:5131:513134
7375626A656374733D51:5131
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/146/
Farmers’ Suicides and Response of Public Policy: Evidence, Diagnosis and Alternatives from Punjab
Gill, Anita
Singh, Lakhwinder
O1 - Economic Development
Q14 - Agricultural Finance
Q1 - Agriculture
Slow transformation of a developing economy gradually shifts surpluses and substantially reduces the importance of the agricultural sector of the economy. This has been recognized as a healthy characteristic of the capitalist economic development. Crisis of this transformation emerges when the surpluses are rapidly extracted but dependence of workforce remains on agriculture sector. Organization of farm production on the lines of capitalist farming reduces farmers to managers of production and increases continuously unemployment of labour. The state led green revolution in Punjab based on assured market and remunerative prices of agricultural production in the early green revolution period has considerably increased the income of the farmers irrespective of farm size. Stagnation of the green revolution technology, rise in the cost of living, lack of alternative employment opportunities and near freeze in the minimum support prices has generated a crisis of unprecedented scale. Diversification attempts of the farmers for alternative remunerative outcomes have further pushed them in deep crisis because of market failure to provide right kind of prices both of the produce and finance. Increased unemployment, mounting debt burden and lack of success in diversification attempts led the farmers to commit suicides in Punjab. Farmers’ organizations, political movements and state led resistance to the agrarian crisis have not yet met with success. This paper makes an attempt to examine the agrarian crisis of Punjab with fresh perspective to search for an alternative strategy for resolving the crisis.
2006
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/146/1/MPRA_paper_146.pdf
Gill, Anita and Singh, Lakhwinder (2006): Farmers’ Suicides and Response of Public Policy: Evidence, Diagnosis and Alternatives from Punjab. Published in: Economic and Political Weekly , Vol. XLI, No. 26 (30 June 2006): pp. 2762-2768.
en
oai:mpra.ub.uni-muenchen.de:147
2019-09-27T10:15:01Z
7374617475733D707562
7375626A656374733D4E:4E34:4E3435
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/147/
Mahatma Gandhi and the Prisoner’s Dilemma: Strategic Civil Disobedience and Great Britain’s Great Loss of Empire in India
Siddiky, Chowdhury Irad Ahmed
N45 - Asia including Middle East
This paper examines the relationship between statutory monopoly and collective action as a multi-person assurance game culminating in an end to British Empire in India. In a simple theoretical model, it is demonstrated whether or not a collective good enjoys (or is perceived to enjoy) pure jointness of production and why the evolutionary stable strategy of non-violence was supposed to work on the principle that the coordinated reaction of a ethnically differentiated religious crowd to a conflict between two parties (of colonizer and colonized) over confiscatory salt taxation would significantly affect its course. Following Mancur Olson (1965) and Dennis Chong (1991), a model of strategic civil disobedience is created which is used to demonstrate how collective action can be used to produce an all-or-nothing public good to achieve economic and political independence.
2005-05-02
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/147/1/MPRA_paper_147.pdf
Siddiky, Chowdhury Irad Ahmed (2005): Mahatma Gandhi and the Prisoner’s Dilemma: Strategic Civil Disobedience and Great Britain’s Great Loss of Empire in India. Published in: Public Choice Society Annual Conference, Papers and Proceedings 2006 , Vol. Public, No. Public Choice Society Annual Conference, Papers and Proceedings 2006 (2 April 2006): pp. 15-50.
en
oai:mpra.ub.uni-muenchen.de:151
2019-09-28T04:57:54Z
7374617475733D756E707562
7375626A656374733D43:4332:433232
7375626A656374733D46:4634:463433
7375626A656374733D43:4333:433332
7375626A656374733D46:4633:463331
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/151/
Exchange rate policy and trade balance. A cointegration analysis of the argentine experience since 1962.
Matesanz Gómez, David
Fugarolas Álvarez-Ude, Guadalupe
C22 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes
F43 - Economic Growth of Open Economies
C32 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes ; State Space Models
F31 - Foreign Exchange
Using multivariate cointegration tests for non-stationary data and vector error correction models, this paper examines the determinants of trade balance for Argentina over the last forty to fifty years. Our investigation confirms the existence of long-run relationships among trade balance, Real Exchange Rate (RER) and foreign and domestic incomes for Argentina during different real exchange rate management policies. Based on the estimations, the Marshall-Lerner condition is examined and, by means of impulse response functions, we trace the effect of a one-time shock to the RER on the trade balance checking the J-curve pattern.
2006
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/151/1/MPRA_paper_151.pdf
Matesanz Gómez, David and Fugarolas Álvarez-Ude, Guadalupe (2006): Exchange rate policy and trade balance. A cointegration analysis of the argentine experience since 1962.
en
oai:mpra.ub.uni-muenchen.de:152
2019-10-02T16:47:29Z
7374617475733D756E707562
7375626A656374733D45:4534:453434
7375626A656374733D45:4535:453538
7375626A656374733D45:4535:453532
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/152/
Reflections of the New Economy on the monetary policy and central banking
Akyazi, Haydar
Artan, Seyfettin
E44 - Financial Markets and the Macroeconomy
E58 - Central Banks and Their Policies
E52 - Monetary Policy
Developments in the information and communication technologies have been causing
significant changes on the working mechanisms of the economy both at the national and
international areas. Some of the developments can be indicated as follows: the dramatic
increasing of capital movements amongst nations; the speeding of global economic integration;the effects of world’s financial markets; the creation of new payment mechanisms; the decreasing of transaction and knowledge costs; getting the information in a permanent and fast way; the fluctuations in financial markets; increasing potential growth and productivity rates. It is possible to summarize the mentioned developments with the concept of “new economy”. In this paper, the reflections of new economy on monetary policies and central banking are examined.
According to the results of this study, the views about monetary policies and central banks will no longer exist in the future is not realistic. As far as we are concerned, central banks will continue to guarantee the stability of financial system all over the world as was the case in the past.
2006-05-24
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/152/1/MPRA_paper_152.pdf
Akyazi, Haydar and Artan, Seyfettin (2006): Reflections of the New Economy on the monetary policy and central banking.
en
oai:mpra.ub.uni-muenchen.de:153
2019-10-25T18:11:37Z
oai:mpra.ub.uni-muenchen.de:154
2019-09-27T16:37:43Z
7374617475733D756E707562
7375626A656374733D43:4332:433233
7375626A656374733D4A:4A32:4A3234
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/154/
Match Effects
Woodcock, Simon
C23 - Panel Data Models ; Spatio-temporal Models
J24 - Human Capital ; Skills ; Occupational Choice ; Labor Productivity
We present an empirical model of earnings that controls for observable and unobservable characteristics of workers (person effects), unmeasured characteristics of their employers (firm effects), and unmeasured characteristics of worker-firm matches (match effects). We interpret these as the returns to general human capital, firm-specific human capital, and match-specific human capital, respectively. We stress the importance of match effects because the returns to match-specific human capital will be incorrectly attributed to general and/or firm-specific human capital when match effects are omitted, and because general and specific human capital have very different implications for the economic cost of job destruction. We find that slightly more than half of observed variation in log earnings is attributable to general human capital, 22 percent is attributable to firm-specific human capital, and 16 percent to match-specific human capital. Specifications that omit match effects over-estimate the returns to experience by as much as 50 percent, over-estimate the returns to a college education by as much as 8 percent, attribute too much variation to person effects, and too little to firm effects. Our results suggest that considerable earnings variation previously attributed to general human capital -- both observed and unobserved -- is in fact attributable to workers sorting into higher-paying firms and better worker-firm matches.
2006-09
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/154/1/MPRA_paper_154.pdf
Woodcock, Simon (2006): Match Effects.
en
oai:mpra.ub.uni-muenchen.de:155
2019-09-27T05:05:04Z
7374617475733D756E707562
7375626A656374733D43:4334
7375626A656374733D43:4338:433831
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/155/
Distribution-Preserving Statistical Disclosure Limitation
Woodcock, Simon
Benedetto, Gary
C4 - Econometric and Statistical Methods: Special Topics
C81 - Methodology for Collecting, Estimating, and Organizing Microeconomic Data ; Data Access
One approach to limiting disclosure risk in public-use microdata is to release multiply-imputed, partially synthetic data sets. These are data on actual respondents, but with confidential data replaced by multiply-imputed synthetic values. A mis-specified imputation model can invalidate inferences because the distribution of synthetic data is completely determined by the model used to generate them. We present two practical methods of generating synthetic values when the imputer has only limited information about the true data generating process. One is applicable when the true likelihood is known up to a monotone transformation. The second requires only limited knowledge of the true likelihood, but nevertheless preserves the conditional distribution of the confidential data, up to sampling error, on arbitrary subdomains. Our method maximizes data utility and minimizes incremental disclosure risk up to posterior uncertainty in the imputation model and sampling error in the estimated transformation. We validate the approach with a simulation and application to a large linked employer-employee database.
2006-09
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/155/1/MPRA_paper_155.pdf
Woodcock, Simon and Benedetto, Gary (2006): Distribution-Preserving Statistical Disclosure Limitation.
en
oai:mpra.ub.uni-muenchen.de:157
2019-09-26T08:18:07Z
7374617475733D756E707562
7375626A656374733D47:4732:473238
7375626A656374733D47:4732:473231
7375626A656374733D46:4633:463337
7375626A656374733D46:4633:463334
7375626A656374733D47:4733:473333
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/157/
How Law Affects Lending
Haselmann, Rainer
Pistor, Katharina
Vig, Vikrant
G28 - Government Policy and Regulation
G21 - Banks ; Depository Institutions ; Micro Finance Institutions ; Mortgages
F37 - International Finance Forecasting and Simulation: Models and Applications
F34 - International Lending and Debt Problems
G33 - Bankruptcy ; Liquidation
A voluminous literature seeks to explore the relation between law and finance, but offers little insights into dynamic relation between legal change and behavioral outcomes or about the distributive effects of law on different market participants. The current paper disentangles the law-finance relation by using disaggregate data on banks’ lending patterns in 12 transition countries over a 8 year period. This allows us to control for country level heterogeneity and differentiate between different types of lenders. Employing a differences-in-differences methodology in an exclusive ”laboratory” setting as well as unique hand collected datasets on legal change as well as changes in
bank ownership, we find that lending volume responds positively to legal change. However,
not all legal change is equally effective. The introduction of a legal regime that
enhances each lender’s individual prospects of enforcing her claims (collateral law) results in greater increases in lending volume than changes in bankruptcy law, the essence of which is to provide an orderly liquidation or reorganization process in the presence of multiple creditors. Finally, we find that banks that newly enter the market respond more strongly to legal change than do incumbents. In particular, foreign-owned banks extend their lending volume substantially more than domestic banks.
2006-09
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/157/1/MPRA_paper_157.pdf
Haselmann, Rainer and Pistor, Katharina and Vig, Vikrant (2006): How Law Affects Lending.
en
oai:mpra.ub.uni-muenchen.de:166
2019-09-30T16:14:49Z
7374617475733D756E707562
7375626A656374733D5A:5A31:5A3132
7375626A656374733D4F:4F31:4F3132
7375626A656374733D44:4431
7375626A656374733D5A:5A31:5A3133
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/166/
Religion, Capital social et réduction de la pauvreté au Cameroun: Le cas de la ville de Yaoundé
Odia Ndongo, Yves Francis
Ebene, Alice Justine
Tegnerowicz, Joanna
Z12 - Religion
O12 - Microeconomic Analyses of Economic Development
D1 - Household Behavior and Family Economics
Z13 - Economic Sociology ; Economic Anthropology ; Social and Economic Stratification
This paper inscribes itself in the logic of debates on the policies of poverty reduction which have been taking place for a decade now. The author evaluates the influence of social religious capital on the poverty of households in Cameroon and particularly in Yaounde. First he identifies the determinants of religious social capital on the basis of a composite indicator, obtained by taking into account the percentage of heads of families who respond affirmatively to the question: "Can you count on the financial support of your religious community, that is of its leaders or other members, in the form of a loan and/or a gift, in the case of illness, of the death of a family member, of a job loss or when you experience short-term financial difficulties ?" The performed estimations allow us to reach the conclusion that the answer to this question depends on the head of family's level of education, on the frequency of his/her perusal of the sacred book (the Bible or the Koran), on the frequency of his/her participation in meetings of his/her religious community and on the existence or the non-existence of a formal and/or informal system of support on which the head of family can count in unexpected situations. Afterwards the author makes use of three different models to estimate three indicators - of monetary poverty, of poverty of living conditions and of poverty of potentialities - on the basis of socioeconomic determinants and of religious variables which allow one to explain the level of resources of the religious social capital. The obtained results prove that these religious variables influence the poverty of households in Yaounde.
2006-05-28
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/166/1/MPRA_paper_166.pdf
Odia Ndongo, Yves Francis and Ebene, Alice Justine and Tegnerowicz, Joanna (2006): Religion, Capital social et réduction de la pauvreté au Cameroun: Le cas de la ville de Yaoundé.
fr
oai:mpra.ub.uni-muenchen.de:167
2019-09-28T11:53:47Z
7374617475733D707562
7375626A656374733D5A:5A30
7375626A656374733D59:5939
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/167/
Tourism policy innovations of an Indian state (Haryana)and their implications
Sharma, Chanchal Kumar
Z0 - General
Y9 - Other
Haryana was established in 1966 by getting carved out from the heart of the Indo-Gigantic
plains. Roughly the size of Belgium, Haryana has a track record of innovative tourism policies.Way back in '70s it was the first state to pioneer highway tourism. It went on to experiment with cultural and pilgrimage tourism in 80s and adventure and golf tourism in 90s and then farmhouse tourism at the turn of the century. While an emphasis on expanding markets for tourism is a praiseworthy move, devising strategies for promoting and protecting local culture, values, heritage, lifestyles and local natural resources and environments is also critical for sustenance of tourism. The paper looks at the socio-cultural dimensions of various tourism strategies adopted by
the state of Haryana, in order to underline the importance of ensuring effective planning and management for guaranteeing protection and preservation of cultural heritage, values, local environments and social well-being. It is thus a call for a mature response on part of the government for ensuring sustainable development of tourism. There is a need to develop a strategic framework involving coherent partnership between all the stakeholders, ensuring generation of foreign exchange without creating socio cultural and environmental problems and without having to exhaust assets which cannot be replaced.
2005-01-15
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/167/1/MPRA_paper_167.pdf
Sharma, Chanchal Kumar (2005): Tourism policy innovations of an Indian state (Haryana)and their implications. Published in: TOURISM: An International Interdisciplinary Journal , Vol. 53, No. 1 (2005): pp. 67-76.
en
oai:mpra.ub.uni-muenchen.de:168
2019-09-28T04:32:42Z
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7375626A656374733D47:4731
7375626A656374733D43:4332
7375626A656374733D46:4634
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/168/
Financial systems and banking crises: An assessment
Ruiz-Porras, Antonio
G1 - General Financial Markets
C2 - Single Equation Models ; Single Variables
F4 - Macroeconomic Aspects of International Trade and Finance
Traditionally an old concern among economists has referred to the effects that specific financial systems may have on economic performance. Here we investigate the “stylised facts” among financial systems and banking crises by using individual and principal-components indicators and sets of OLS regressions. The study relies on a set of banking fragility, financial structure and development indicators for a sample of 47 economies between 1990 and 1997. The stylised facts suggest that financial development is associated to financial systems leaded by stock and securities markets. Furthermore the evidence suggests that such association is magnified during episodes of borderline or systemic banking crises. Thus what our findings might suggest is that banking crises may encourage financial development and the transformation of financial systems into market-based ones.
2006-01-05
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/168/1/MPRA_paper_168.pdf
Ruiz-Porras, Antonio (2006): Financial systems and banking crises: An assessment. Published in: Revista Mexicana de Economía y Finanzas (Mexican Journal of Economics and Finance) , Vol. v.5, No. Issue 1 (March 2006): pp. 13-27.
en
oai:mpra.ub.uni-muenchen.de:171
2019-09-27T03:18:52Z
7374617475733D756E707562
7375626A656374733D4F:4F31:4F3130
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/171/
Development of Industrial Cluster
Kumar, Sudesh
O10 - General
After the 18th century India has been creating a ground for the SSI industry and they started taking shape of clusters. Headings Introduction and Background provides a bird’s eye view on the background of SSI clusters in India. Chapter one sets forth the literature that is relevant to understand the concept behind successful industry clusters. An effort is made to take a look at factors embedded in regional economies of and concept behind the SSIs clusters. Chapter Two focuses on the peculiarity of sickness in Indian SSI clusters taking an example of UNIDO’s cluster reformation program. Next Chapter Three is based on research and findings on famous Textile cluster of India, Tirupur. Later, Chapter Four of this paper integrates discussions on various elements of the Tirupur industry cluster based on interviews findings with entrepreneurs, using one particular industry cluster in achieving development. It deals with the some elements of Tirupur Cluster that is not paid attention to under the common cluster development program. Chapter Five highlights the selected and major policy implications affecting the SSIs clusters and finally there is the conclusion.
2005-09-28
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/171/1/MPRA_paper_171.pdf
Kumar, Sudesh (2005): Development of Industrial Cluster.
en
oai:mpra.ub.uni-muenchen.de:172
2019-10-22T16:55:16Z
oai:mpra.ub.uni-muenchen.de:178
2019-09-27T13:38:35Z
7374617475733D707562
7375626A656374733D5A:5A30
7375626A656374733D48:4831
7375626A656374733D48:4831:483131
7375626A656374733D48:4837
7375626A656374733D48:4837:483737
7375626A656374733D48:4838
7375626A656374733D48:4838:483833
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/178/
The Federal Approach to FiscalDecentralisation: Conceptual Contours for Policy Makers
Sharma, Chanchal Kumar
Z0 - General
H1 - Structure and Scope of Government
H11 - Structure, Scope, and Performance of Government
H7 - State and Local Government ; Intergovernmental Relations
H77 - Intergovernmental Relations ; Federalism ; Secession
H8 - Miscellaneous Issues
H83 - Public Administration ; Public Sector Accounting and Audits
Chanchal Kumar Sharma,in his paper demonstrates that in order for fiscal decentralisation to be effective, it must be approached federally. A federal approach is not a decentralised approach but a dynamically balanced approach; one that constantly
keeps on adjusting the contrasting forces of centralisation and
decentralisation to create a system that can ensure good governance in
accordance with the rapidly changing global and local scenario.
According to the author, the good governance of the present time has to
be federally flexible and dynamically decentralised and institutions of
fiscal federalism are crucial for achieving such a dynamic equilibrium.
Fiscal decentralisation cannot be detached from the broader principles
of fiscal federalism if it is to be successful, irrespective of the fact of
whether it is being carried out in a federal or non-federal country. He
argues that too much decentralisation or an overly strong central federal
government precludes the survival of a constitutional federal state.
2003-05
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/178/1/MPRA_paper_178.pdf
Sharma, Chanchal Kumar (2003): The Federal Approach to FiscalDecentralisation: Conceptual Contours for Policy Makers. Published in: Loyola Journal of Social Sciences , Vol. Vol. (, No. No.(2) (December 2005): pp. 169-188.
en
oai:mpra.ub.uni-muenchen.de:179
2019-09-29T04:31:58Z
7374617475733D756E707562
7375626A656374733D4C:4C34:4C3430
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https://mpra.ub.uni-muenchen.de/179/
Competition Policy in Turkey
Kulaksizoglu, Tamer
L40 - General
This paper evaluates the current competition policy framework in Turkey.
A brief history of competition policy is presented. An account of the Law
on the Protection of Competition, the main law on competition in Turkey,
is given. The structure of the Competition Authority, the body responsi-
ble for applying the Law, and the way the enforcement system works are
explained. Detailed statistics are given about all the cases submitted to
the Competition Authority by 2002. Accounts of some selected cases are
reported and a general assessment of the implementation of competition
policy is offered. The main finding of the paper is that, although there is
a movement in the right direction, competition policy implementation in
Turkey still needs to be developed and strengthened.
2004-11-26
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/179/1/MPRA_paper_179.pdf
Kulaksizoglu, Tamer (2004): Competition Policy in Turkey.
en
oai:mpra.ub.uni-muenchen.de:180
2019-09-26T11:19:47Z
7374617475733D756E707562
7375626A656374733D43:4335:433532
7375626A656374733D45:4533:453337
7375626A656374733D45:4533:453332
7375626A656374733D43:4335:433533
7375626A656374733D45:4533
7375626A656374733D43:4331:433131
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/180/
Comparing Models of Macroeconomic Fluctuations: How Big Are the Differences?
Ghent, Andra
C52 - Model Evaluation, Validation, and Selection
E37 - Forecasting and Simulation: Models and Applications
E32 - Business Fluctuations ; Cycles
C53 - Forecasting and Prediction Methods ; Simulation Methods
E3 - Prices, Business Fluctuations, and Cycles
C11 - Bayesian Analysis: General
I generate priors for a VAR from four competing models of economic fluctuations: a standard RBC model, Fisher’s (2006) investment-specific technology shocks model, an RBC model with capital adjustment costs and habit formation, and a sticky price model with an unaccommodating monetary authority. I compare the accuracy of the forecasts made with each of the resulting VARs. The economic models generate similar forecast errors to one another. However, at horizons of one to two years and greater, the models generally yield superior forecasts to those made using both an unrestricted VAR and a VAR that uses shrinkage from a Minnesota prior.
2006-08
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/180/1/MPRA_paper_180.pdf
Ghent, Andra (2006): Comparing Models of Macroeconomic Fluctuations: How Big Are the Differences?
en
oai:mpra.ub.uni-muenchen.de:181
2019-09-28T11:00:02Z
7374617475733D756E707562
7375626A656374733D4E:4E35:4E3531
7375626A656374733D43:4337:433733
7375626A656374733D4A:4A34:4A3431
7375626A656374733D43:4337:433732
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/181/
Managerial Strategies of the Cotton South
Saito, Tetsuya
N51 - U.S. ; Canada: Pre-1913
C73 - Stochastic and Dynamic Games ; Evolutionary Games ; Repeated Games
J41 - Labor Contracts
C72 - Noncooperative Games
Relative efficiencies of antebellum slave farms are suggested by many empirical studies. This paper considers a theoretical aspect of those results using a repeated principal-agent problem. Within its theoretical analysis, with relevance to profitability of slave farms, it will be shown that when inter-temporal punishments are necessary and when they can perform efficiently in production. Applying those theoretical results, some empirical studies on relative profitability and relative efficiencies are discussed. In the empirical study, relative efficiencies of each farm scale—free farms, task farms, and gang farms—are estimated region by region by a stochastic profit frontier model.
2005-05
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/181/1/MPRA_paper_181.pdf
Saito, Tetsuya (2005): Managerial Strategies of the Cotton South.
en
oai:mpra.ub.uni-muenchen.de:183
2019-09-27T21:34:27Z
7374617475733D696E7072657373
7375626A656374733D44:4435:443531
7375626A656374733D48:4834:483431
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/183/
Pareto improving interventions in a general equilibrium model with private provision of public goods
Villanacci, Antonio
Zenginobuz, Unal
D51 - Exchange and Production Economies
H41 - Public Goods
Most of the literature on government intervention in models of voluntary public goods supply focuses on interventions that increase the total level of a public good, which is considered to be typically underprovided. However, an intervention that is successful in increasing the public good level need not benefit everyone. In this paper we take a direct approach to welfare properties of voluntary provision equilibria in a full blown general equilibrium model with public goods and study interventions that have the goal of Pareto improving on the voluntary provision outcome. Towards this end, we study a model with many private goods and nonlinear production technology for the public good, and hence allow for relative price effects to serve as a powerful channel of intervention. In this setup we show that Pareto improving interventions generally do exist. In particular, direct government provision financed by “small”, or “local”, lump-sum taxes can be used generically to Pareto improve upon the voluntary provision outcome.
2004-12-15
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/183/1/MPRA_paper_183.pdf
Villanacci, Antonio and Zenginobuz, Unal (2004): Pareto improving interventions in a general equilibrium model with private provision of public goods. Forthcoming in: Review of Economic Design
en
oai:mpra.ub.uni-muenchen.de:186
2019-09-26T18:11:55Z
7374617475733D696E7072657373
7375626A656374733D48:4834:483431
7375626A656374733D48:4837:483737
7375626A656374733D48:4837:483733
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/186/
The Effect of Spillovers on the Provision of Local Public Goods
Bloch, Francis
Zenginobuz, Unal
H41 - Public Goods
H77 - Intergovernmental Relations ; Federalism ; Secession
H73 - Interjurisdictional Differentials and Their Effects
This paper analyzes the provision of local public goods with positive spillovers across jurisdictions. If spillovers are symmetric, the noncooperative game played by jurisdictions admits a unique equilibrium, and an increase in spillovers reduces the total provision of public goods. Smaller jurisdictions always reduce their contribution, but larger jurisdictions can increase their contribution. When spillovers are asymmetric,
equilibrium is unique if spillovers are low, while multiple equilibria exist for high spillover values. In the case of two jurisdictions, an increase in the flow of spillovers to one jurisdiction benefits agents from that jurisdiction but harms agents in the other jurisdiction. Beyond the case of two jurisdictions, the effect of changes in spillovers cannot be signed. An increase in the spillovers flowing to a jurisdiction can actually result in an increase in the supply of public goods by that jurisdiction and harm agents residing in it, while benefiting agents in the other jurisdictions. The results of the paper reveal the complexity of interactions that will plague the design of institutions for multijurisdictional local public good economies with spillovers.
2004-12-15
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/186/1/MPRA_paper_186.pdf
Bloch, Francis and Zenginobuz, Unal (2004): The Effect of Spillovers on the Provision of Local Public Goods. Forthcoming in: Review of Economic Design
en
oai:mpra.ub.uni-muenchen.de:189
2019-09-27T05:04:33Z
7374617475733D707562
7375626A656374733D43:4333:433332
7375626A656374733D47:4731:473130
7375626A656374733D43:4335
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/189/
An Asymmetric Block Dynamic Conditional Correlation Multivariate GARCH Model
Vargas, Gregorio A.
C32 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes ; State Space Models
G10 - General
C5 - Econometric Modeling
The Block DCC model for determining dynamic correlations within and between groups of financial asset returns is extended to account for asymmetric effects. Simulation results show that the Asymmetric Block DCC model is competitive in in-sample forecasting and performs better than alternative DCC models in out-of-sample forecasting of conditional correlation in the presence of asymmetric effect between blocks of asset returns. Empirical results demonstrate that the model is able to capture the asymmetries in conditional correlations of some blocks of currencies in East Asia in the turbulent years of the late 1990s.
2006-01
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/189/1/MPRA_paper_189.pdf
Vargas, Gregorio A. (2006): An Asymmetric Block Dynamic Conditional Correlation Multivariate GARCH Model. Published in: The Philippine Statistician , Vol. 55, No. 1-2 (2006): pp. 83-102.
en
oai:mpra.ub.uni-muenchen.de:190
2019-09-28T16:41:12Z
7374617475733D696E7072657373
7375626A656374733D44:4435:443531
7375626A656374733D48:4834:483431
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/190/
On the neutrality of redistribution in a general equilibrium model with public goods
Villanacci, Antonio
Zenginobuz, Unal
D51 - Exchange and Production Economies
H41 - Public Goods
Models on private provision of public goods typically involve a single private good and linear production technology for the public good. We study a model with several private goods and non-linear (strictly concave) production technology. We revisit the question of “neutrality” of government interventions on equilibrium outcomes and show that relative
price effects that are absent with a single private good and linear production technology become a powerful channel of redistribution in this case. Contrary to previous results, redistributing endowments in favor of contributors is shown to be neither necessary nor sufficient for increasing the equilibrium level of public good.
2001-05-05
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/190/1/MPRA_paper_190.pdf
Villanacci, Antonio and Zenginobuz, Unal (2001): On the neutrality of redistribution in a general equilibrium model with public goods. Forthcoming in: Journal of Public Economic Theory
en
oai:mpra.ub.uni-muenchen.de:191
2019-09-28T09:54:35Z
7374617475733D707562
7375626A656374733D4C:4C31:4C3133
7375626A656374733D47:4733:473334
7375626A656374733D47:4732:473231
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/191/
An analysis of mergers and acquisitions in the Turkish banking sector
Mumcu, Ayşe
Zenginobuz, Unal
L13 - Oligopoly and Other Imperfect Markets
G34 - Mergers ; Acquisitions ; Restructuring ; Corporate Governance
G21 - Banks ; Depository Institutions ; Micro Finance Institutions ; Mortgages
We explore various aspects of mergers and acquisitions in the banking industry within a simple model that allows explicit comparison of sector performance before and after the mergers and acquisitions. The industry structure we look at involves a few dominant banks and a competitive fringe, which we take it as the structure most likely to resemble the Turkish banking industry in the aftermath of the ongoing restructuring process. Using a reasonable set of parameters to simulate the model, we do comparative statics exercises regarding the impact of mergers among domestic as well as with foreign banks on equilibrium outcomes.
2002-01-02
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/191/1/MPRA_paper_191.pdf
Mumcu, Ayşe and Zenginobuz, Unal (2002): An analysis of mergers and acquisitions in the Turkish banking sector. Published in: Research in the Middle East Economics , Vol. Volume, (2005): pp. 133-162.
en
oai:mpra.ub.uni-muenchen.de:192
2019-09-30T18:10:43Z
7374617475733D707562
7375626A656374733D51:5135:513536
7375626A656374733D51:5135:513531
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/192/
On environmental concern, willingness to pay, and postmaterialist values: Evidence from Istanbul
Gökşen, Fatoş
Adaman, Fikret
Zenginobuz, Unal
Q56 - Environment and Development ; Environment and Trade ; Sustainability ; Environmental Accounts and Accounting ; Environmental Equity ; Population Growth
Q51 - Valuation of Environmental Effects
We explore the impact of geographical proximity of environmental problems on environmental concern and willingness to pay (WTP) for environmental improvement, with emphasis on the relevance of Inglehart’s postmaterialism thesis on this inquiry. A questionnaire was administered to 1565 respondents in Istanbul. The Contingent Valuation Method was used to measure WTP. Sea pollution in Istanbul (local issue), soil erosion in Turkey (national issue) and ozone depletion (global issue) were issues chosen for valuation. The sample was separated into three sub-samples, each being presented with only one issue. Individuals distinguish between local and global environmental concern. People with materialist values rather than postmaterialist values exhibit more concern for local environmental problems. However, postmaterialist values determine WTP for improvement in both the local and the global environmental problems. Distinguishing among concern for environmental issues, which are differentiated on the basis of geographical proximity, has relevance for the ongoing postmaterialist values debate.
2001-06
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/192/1/MPRA_paper_192.pdf
Gökşen, Fatoş and Adaman, Fikret and Zenginobuz, Unal (2001): On environmental concern, willingness to pay, and postmaterialist values: Evidence from Istanbul. Published in: Environment and Behavior , Vol. 34, No. 5 (September 2002): pp. 460-477.
en
oai:mpra.ub.uni-muenchen.de:195
2019-09-27T21:14:34Z
7374617475733D707562
7375626A656374733D46:4634:463432
7375626A656374733D46:4634:463431
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/195/
Vulnerability to purely contagious balance of payment crises in emerging economies: An application to the cases of Russia, Turkey, and Brazil
Akçay, Cevdet
Zenginobuz, Unal
F42 - International Policy Coordination and Transmission
F41 - Open Economy Macroeconomics
We explore the possible role of interdependence of expectations in emerging market economies and analyze the crisis transmission mechanism within the ”pure”contagion framework. We consider the cases of Russia, Turkey, and Brazil, and assess whether the fundamentals of these countries allowed for the possibility of ”pure”contagion e¤ects from each other. In particular, we look at Russia - Turkey and Brazil - Russia pairs in year 1997 to see whether Brazilian and the Turkish economies exhibited vulnarability to pure contagion before the 1998 Russian crisis We also repeat the same exercise with the most recent 1999 data. The rationale for choosing these pairings is the huge volume of (luggage) trade between geographical neighbors Russia and Turkey, and the similar export structures of Russia and Brazil (predominantly raw materials) which are continents apart. Our results clearly indicate vulnerability of Brazilian and Turkish economies to high probability of crisis in Russia even in the face of improving fundamentals. In isolation, Brazilian and Turkish fundamentals were not weak enough to place them in a sure-crisis situation. With the incorporation of the Russian link, the multiple equilibria setting disappeared for both countries, rendering sure-crisis as the single equilibrium solution.
2000-06
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/195/1/MPRA_paper_195.pdf
Akçay, Cevdet and Zenginobuz, Unal (2000): Vulnerability to purely contagious balance of payment crises in emerging economies: An application to the cases of Russia, Turkey, and Brazil. Published in: Russian and East European Finance and Trade , Vol. 37, No. 5 (September 2001): pp. 5-21.
en
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