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1.
It is well-known that endogenous cycles can occur in Ramsey models with heterogeneous households and borrowing constraints.
In this note, we address the issue of robustness in the more general case of endogenous labor supply and we explain the occurrence
of local indeterminacy under progressive taxation.
相似文献
Thomas Seegmuller (Corresponding author)Email: |
2.
Miguel-Ángel Galindo Martín Francisco Escribano Sotos María Teresa Méndez Picazo 《International Advances in Economic Research》2007,13(2):214-221
The improvement of data statistics as well as the econometrician methods have facilitated the introduction the new variables
and factors I the economic growth analysis. In this sense, real variables have mainly been considered in the economic growth
studies, but not financial or risk management aspects. In this sense, it is interesting to analyze the relationship between
economic growth and value at risk and the feed-back process. The goal of the paper is to analyze the relationship between
economic growth and risk management and the feed-back process. We will consider economic variables, including economic growth,
rule of law, human capital, fiscal policy and monetary policy, among others, in our analysis. We will analyze the theoretical
relationships between these variables and risk and the effects of risk on economic growth. We will also develop an empirical
analysis considering the case of 15 European Union countries.
相似文献
María Teresa Méndez PicazoEmail: |
3.
Stuart J. Wilson 《Empirical Economics》2006,31(1):261-275
The links between economic growth, investment and migration are explored to determine if one of the mobile factors of production,
capital or labor, led the other to accumulate in Canada during several boom episodes over 1870 to 1927. The results of an
econometric analysis, using time series techniques, suggest that rising per capita incomes led to increased domestic investment
and net immigration, and that foreigners joined the investment booms after domestic residents invested in Canadian development
first.
相似文献
Stuart J. WilsonEmail: |
4.
Thierry Aimar 《The Review of Austrian Economics》2009,22(3):199-207
The Austrian School has had a curious destiny: while contributing many concepts to contemporary economic theory, it is either
ignored or criticised by much of modern economic literature. This article discusses possible reasons for this institutional
sidelining and the main futures of a renewal of Austrian thought.
相似文献
Thierry AimarEmail: |
5.
Ramya M. Vijaya 《Forum for Social Economics》2007,36(2):73-85
This paper presents a gender perspective of the Trade Adjustment Assistance (TAA) program. The TAA is the primary US policy
to assist the transition of workers displaced due to trade related economic restructuring. In comparison to the relatively
substantial research on gendering trade policies in developing economies there is very limited focus on gendering policy responses
to trade in the US. We argue that there is a specific gender trend in the trade-displacement patterns in the US which calls
for a gender sensitive policy response. We examine the TAA in light of this trend and offer some suggestions for a gendered
approach to providing assistance to workers negotiating an increasingly flexible global labor market.
相似文献
Ramya M. VijayaEmail: |
6.
This study examines the impact of a stamp tax rate increase on market behavior, using data from two stock exchanges in China. We find that when the tax rate increases from 0.3 to 0.5% (which implies that the transaction cost increases by about 1/3) trading volume decreases by 1/3. This implies an elasticity of turnover with respect to a stamp tax of −50% and an elasticity of turnover with respect to transaction cost of −100%. The markets’ volatility significantly increases after the increase in the tax rate. Furthermore, the change in the volatility structure indicates that the markets become less efficient in the sense that shocks are less quickly assimilated in the markets.
相似文献
Badi H. Baltagi (Corresponding author)Email: |
Dong LiEmail: |
Qi LiEmail: |
7.
This paper studies the disequilibrium transition process engaged by increased openness to trade, and the effect of institutions,
market behaviors and economic policies on that transition. The issue is analyzed with a simple two country (north and south),
two goods model, amended in order to take into account the time dimension of both the production and the decision processes.
Investigating the consequences of a tariff decrease by means of numerical simulations, we show to what extent wage and price
setting, and the degree of tightness of monetary policy affect the outcome of the disequilibrium process. The main result
is that capturing the gains associated with international trade requires market behaviors and economic policies, which are
rather different from what is usually prescribed.
相似文献
Francesco SaracenoEmail: |
8.
The paper investigates the social exclusion process in the European Union (EU), particularly in Luxemburg, addressing both
conceptual and empirical issues. It examines aspects such as: the most appropriate definition of social exclusion for the
case of Luxemburg, the way economic and social disadvantages cumulate within the social exclusion process, and the main determinants
of social exclusion, income poverty and deprivation. To analyze the topics mentioned above, different econometric models have
been applied.
相似文献
Ileana TacheEmail: |
9.
Richard H. Day 《Journal of Evolutionary Economics》2008,18(2):261-273
The natures of rational thought and rational lives are described as the basis of an adaptive economizing theory which presents
an alternative microeconomic foundation contrasting with but complementary to optimal control theory for modeling mesoeconomic
order. Contrastingly, that micro foundation seems to imply the inappropriateness of representing macro data as an optimal
economic agent. Rather, direct representation of the emergent causal order in the macroeconomic data is suggested.
相似文献
Richard H. DayEmail: |
10.
Saving government failure theory from itself: recasting political economy from an Austrian perspective 总被引:1,自引:0,他引:1
Peter J. Boettke Christopher J. Coyne Peter T. Leeson 《Constitutional Political Economy》2007,18(2):127-143
The economic approach to politics revolutionized the way scholars in economics and political science approached the study
of political decision-making by introducing the possibility of government failure. However, the persistent and consistent
application of neoclassical models of economics also seemed to suggest that once the full costs were accounted for, this failure
was an illusion. This paper counters these arguments, typically associated with George Stigler, Gary Becker and Donald Wittman,
by focusing on the underlying economic theory. We develop an alternative model of political economy grounded in the Austrian
conception of the dynamic market process.
相似文献
Christopher J. CoyneEmail: |
11.
Reflections on the Origins of the Polis 总被引:1,自引:0,他引:1
Carl Hampus Lyttkens 《Constitutional Political Economy》2006,17(1):31-48
From a beginning of small isolated settlements around 1000 B.C., the city-state (polis) emerged in Greece in the course of four centuries as a political, geographical and judicial unit, with an assembly, council,
magistrates and written laws. Using a rational-actor perspective, it is shown how this process was driven by competition among
the members of the elite. A crucial ingredient was the gradual consolidation of boundaries, which contributed to population
growth, inter-state conflicts, colonisation and competition for power. Variations over time in the conditions for competition
explain both the introduction of formal political institutions and their overthrow by tyrants.
相似文献
Carl Hampus LyttkensEmail: |
12.
In defence of generalized Darwinism 总被引:2,自引:2,他引:0
Howard E. Aldrich Geoffrey M. Hodgson David L. Hull Thorbjørn Knudsen Joel Mokyr Viktor J. Vanberg 《Journal of Evolutionary Economics》2008,18(5):577-596
Darwin himself suggested the idea of generalizing the core Darwinian principles to cover the evolution of social entities.
Also in the nineteenth century, influential social scientists proposed their extension to political society and economic institutions.
Nevertheless, misunderstanding and misrepresentation have hindered the realization of the powerful potential in this longstanding
idea. Some critics confuse generalization with analogy. Others mistakenly presume that generalizing Darwinism necessarily
involves biological reductionism. This essay outlines the types of phenomena to which a generalized Darwinism applies, and
upholds that there is no reason to exclude social or economic entities.
相似文献
Viktor J. VanbergEmail: |
13.
Thiess Buettner 《Empirica》2007,34(4):287-297
This paper provides empirical evidence on regional labor market flexibility in Europe and, in particular, in the EU-accession
countries in Central and Eastern Europe. Whereas substantial regional disparities in unemployment are found for pre-accession
EU member countries as well as for accession countries, an empirical analysis taking account of spatial effects shows that
regional wage flexibility is significantly higher for accession countries. Moreover, unemployment disparities are found to
be less persistent in the accession countries.
相似文献
Thiess BuettnerEmail: |
14.
In the present article the time series of the decomposition of Greek real GDP are investigated for the presence of a unit
root, allowing for a maximum of two breaks which take place at an unknown point in time. This methodology is preferred to
the conventional Dickey and Fuller tests because the covered time horizon, namely from 1858 to 1938, is characterized by a
number of very important events, the nature of which is either economic or historical.
相似文献
Erotokritos VarelasEmail: |
15.
Steve Fleetwood 《The Review of Austrian Economics》2007,20(4):247-267
Theory and policy relating to labor markets is dominated by the mainstream labor market model, although a less well-known,
socioeconomic version can also be identified. The mainstream model is methodologically flawed and forced, thereby, to relegate
any (serious) investigation of labor market institutions and/or social structures to the margins of its analysis. The socioeconomic
account is not so much methodologically flawed, as methodologically ambivalent. While this ambivalence does not actually prevent
the investigation of institutions and/or social structures, it does promote ambiguity whenever we inquire into the precise nature of the interaction between them and labor markets. Insights from Austrian economics, when used in collaboration with critical
realist methodology, can play a part in augmenting the socioeconomic account, generating a totally new approach to the analysis
of labor markets.
相似文献
Steve FleetwoodEmail: |
16.
The paper examines the processes underlying economic fluctuations by investigating the volatility moderation of U.S. economy
in the early 1980s. We decompose the volatility decline using a dynamic factor framework into a common stochastic trend, common
transitory component and idiosyncratic components. We find that the moderation of business cycle was a result of the moderation
in transitory and idiosyncratic components. Our results suggest that important part of stochastic process that drives economy
is transitory. The paper investigates the role of oil prices, monetary and financial market factors. Proposed economic factors
do not have a significant relationship to either transitory or permanent components. In addition, we find that transitory
shocks are as common during the 1980s and 1990s as they were during the 1960s and 1970s.
相似文献
Stanislav Radchenko (Corresponding author)Email: |
17.
Rebecca M. Galloway James J. Jozefowicz 《International Advances in Economic Research》2008,14(3):291-302
The impact of immigration on the change in the unemployment rate in the Netherlands is analyzed using panel data from 26 labor
market regions from 1996 through 2003. This study measures immigration through the year-to-year change in the foreign population,
paying particular attention to immigrants of non-Western origin. Other variables controlling the composition of the local
labor market include: occupation shares, the fractions of workers employed in high- and low-skilled jobs, the fractions of
female workers, part-time employees, labor force participants over the age of 55, educational attainment shares, and population
density. The ordinary least squares (OLS) results indicate a change in the foreign population in the labor force led to a
statistically significant increase in the upward volatility of Dutch unemployment rates while the change in the non-Western
share had no significant effect.
相似文献
James J. Jozefowicz (Corresponding author)Email: |
18.
Randall G. Holcombe 《The Review of Austrian Economics》2008,21(4):225-249
Twentieth century economics was dominated by the development and refinement of the concept of economic equilibrium. While
it is worthwhile to understand the properties of economic equilibrium, equilibrium concepts have dominated economic thought
to the point that they have obscured some of the more important issues economists have always strived to understand. At least
since Adam Smith’s time, economists have tried to understand the causes of prosperity, and how economic welfare can be enhanced,
but these issues are best understood outside the equilibrium framework. The foundations provided by the Austrian school point
toward ways that economic analysis can expand beyond the equilibrium framework.
相似文献
Randall G. HolcombeEmail: |
19.
Ralf Brüggemann 《Empirical Economics》2006,31(2):409-431
In this paper we analyze the sources of German unemployment within a structural vector error correction model (SVECM) framework. For this purpose we estimate a VECM model using data for unified Germany. The cointegration analysis reveals a long-run relationship between real wages, productivity and unemployment which is interpreted as a wage setting relation. Based on a reduced form subset VECM we identify structural shocks and assess their importance for unemployment by impulse response analysis, forecast error variance and historical decompositions. In contrast to previous studies for West Germany, we find that productivity, labor supply and labor demand shocks are important sources of unemployment in the long-run.
相似文献
Ralf BrüggemannEmail: |
20.
The macroeconomics of the labor market: three fundamental views 总被引:2,自引:0,他引:2
We distinguish and assess three fundamental views of the labor market regarding the movements in unemployment: (1) the frictionless
equilibrium view; (2) the chain reaction theory, or prolonged adjustment view; and (3) the hysteresis view. While the frictionless
view implies a clear compartmentalization between the short- and long-run, the hysteresis view implies that all the short-run
fluctuations automatically turn into long-run changes in the unemployment rate. We assert the problems faced by these conceptions
in explaining the diversity of labor market experiences across the OECD labor markets. We argue that the prolonged adjustment
view can overcome these problems since it implies that the short, medium, and long-runs are interrelated, merging with one
another along an intertemporal continuum.
相似文献
Dennis J. SnowerEmail: URL: http://www.uni-kiel.de/snower/ |