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"The author presents evidence that balance sheet effects are critical determinants of both the likelihood of a crisis and of income losses following a crisis. She tests the validity of "insurance" and "liquidity" models of currency crisis. Both models predict that the occurrence of a balance of...
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"Model uncertainty hampers consensus on the key determinants of economic growth. Some recent cross-country, cross-sectional analyses have employed Bayesian Model Averaging to address the issue of model uncertainty. This paper extends that approach to panel data models with country-specific fixed...
Persistent link: https://www.econbiz.de/10011394124
"The World Bank has been publishing estimates of adjusted net or "genuine" saving since 1999. This measure of saving treats depletion of natural resources as a type of economic depreciation. Hamilton uses recent theoretical results relating growth in saving to growth in future consumption to...
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"The paper tests three hypotheses about the causes of unemployment in the Central-East European transition economies … and in a benchmark market economy (Western part of Germany). The first hypothesis (H1) is that unemployment is caused by … inefficient matching. Hypothesis 2 (H2) is that unemployment is caused by low demand. Hypothesis 3 (H3) is that restructuring is …
Persistent link: https://www.econbiz.de/10011394104
"In this paper, the authors use a highly disaggregate general equilibrium model to analyze the feasibility of a wage subsidy to unskilled workers in South Africa, isolating and estimating its potential employment effects and fiscal cost. They capture the structural characteristics of the labor...
Persistent link: https://www.econbiz.de/10011394165
macroeconomic, education, and social protection policies have on the dynamics of employment and unemployment by skill level. The … positive assumptions regarding economic growth, unemployment rates are likely to remain close to current levels in the next …
Persistent link: https://www.econbiz.de/10010521078
"Latvia has recorded sustained GDP and productivity growth since 1997. Yet unemployment rates, despite gradual decrease …, have remained high. Hazans explores the mysteries of unemployment in Latvia. He analyzes labor flows between employment …, unemployment, and nonparticipation and finds the following results: * The type of education and the region of residence appear to …
Persistent link: https://www.econbiz.de/10010522695