[PDF] Top 20 Directory UMM :Data Elmu:jurnal:E:Economics Letters:Vol66.Issue2.Feb2000:

... In summary the stochastic properties of consumption in Table 2 are driven by two offsetting influences: the rising interest rate schedule moves consumption away from the full insurance r[r] ... Lihat dokumen lengkap

... The proof proceeds as follows: Lemma 1 establishes the existence of an equilibrium with p intervals in the case of identical preferences ( e 5 0). In Lemmas 2–4 we show that this equilibrium is characterized by an ... Lihat dokumen lengkap

... the data. Following Abuaf and Jorion, N error terms e are generated jointly from T t times from a multivariate normal distribution with mean zero and the given historical covariance ... Lihat dokumen lengkap

... Lence (1995) mistakenly supposes that Baillie and Myers (1991) use a log–log model in price levels, and thereby incorrectly concludes that their model does not permit preference-free optimal hedge ratios (see p. 388 of ... Lihat dokumen lengkap

... The analysis is based on cross-country data consisting of 41 countries for which data is available on four alternative indices of corruption. Ideally, measures of corruption would consist of objective ... Lihat dokumen lengkap

... problem with estimating Eqs. (13) and (14) is the possible presence of endogeneity. To overcome this problem, instrumental variables are employed to estimate GDP. However, the choice of instrumental variables is limited ... Lihat dokumen lengkap

... Gehrlein , Dominique Lepelley a Department of Business Administration, University of Delaware, Newark, DE 19716, USA b University of Caen, Caen, France Received 9 February 1999; acc[r] ... Lihat dokumen lengkap

... This paper employs quarterly data from the whole of Germany to test the stability of M3 demand for money. The methodology is based on an application of the CUSUM and CUSUMSQ in the context of error-correction ... Lihat dokumen lengkap

... We show in our model of international monopoly trade that transfers proposed by Grinols [Grinols, E.L., 1981, An extension of the Kemp-Wan theorem on the formation of customs unions. Journal of International ... Lihat dokumen lengkap

... Deaton and Muellbauer (1980) introduced the Almost Ideal Demand System (AIDS), which satisfies a number of desirable theoretical properties, and is very convenient to estimate. For welfare comparisons, it would be useful ... Lihat dokumen lengkap

... respectively. The data set consists of observations on 100 male family heads, interviewed in 1963–1964 [see Mirer (1995)]. It includes: Y 1 5annual number of months worked, Y 2 5monthly wage rates, X 1 5family ... Lihat dokumen lengkap

... In effect, if the marginal entrepreneur is risk averse, an increase in assets increases the expected marginal utility of self employment relative to that from their current job causing h[r] ... Lihat dokumen lengkap

... panel data unit-root tests is their higher power relative to the conventional ADF ...panel data unit-root test is meaningful only when the ADF test fails to reject the unit-root ... Lihat dokumen lengkap

... v e v eto power for f ...v e for f uX0. Therefore, we must ha v e h 5 ...v e for all pairs by building up a network of intersecting cur v ...v e passing through x and y, but ... Lihat dokumen lengkap

... For the semiparametric estimates, the kernel function K(? ) was taken as a standard normal density function; the bandwidth parameter h was determined by generalized cross-validation criterion. The data-driven ... Lihat dokumen lengkap

... www.elsevier.com / locate / econbase The expectations hypothesis of the term structure of interest rates, open interest rate parity and central bank policy reaction * Peter Kugler ¨ [r] ... Lihat dokumen lengkap

... All local government revenue is spent on the public good so that total expenditure becomes, Gi5t Ki i1tiCi1a L.i 8 Total consumption in each region is equal to output plus the value of[r] ... Lihat dokumen lengkap

... Another approach would be to circumvent the problem by starting by collecting more informa- tion on the stocks themselves. A survey could be carried out on the existing stocks to determine the age of the individual ... Lihat dokumen lengkap

... that economics at its core tries to explain ‘the various pathways through which millions of decisions made by indi- vidual human beings can give rise to emergent features of communities and societies’ (Dasgupta, ... Lihat dokumen lengkap

... For ex-ample, the nonconsumerist position endorsed by many social scientists Goodwin et al., 1997 as well as by Dominguez and Robin 1996 may not sufficiently promote conservation of natu[r] ... Lihat dokumen lengkap