Search Results - subject:"ECONOMIC DYNAMICS"

Saddle cycles : solving rational expectations models featuring limit cycles (or chaos) using perturbation methods

Galizia, Dana - In: Quantitative economics : QE ; journal of the … 12 (2021) 3, pp. 869-901

Unlike linear ones, nonlinear business cycle models can generate sustained fluctuations even in the absence of shocks (e.g., via limit cycles/chaos). A popular approach to solving nonlinear models is perturbation methods. I show that, as typically implemented, these methods are incapable of...

Persistent link: https://www.econbiz.de/10012598517

Kondratiev and a new methodological agenda for economics

Makasheva, Natalia A. - In: Russian journal of economics 7 (2021) 1, pp. 50-66

This article addresses Kondratiev’s approach to the problems of economic dynamics, cycle and conjuncture in the context … economic dynamics as an embodiment of that methodological agenda. It also highlights a free exchange of ideas between …

Persistent link: https://www.econbiz.de/10012599553

Modelling the Australasian financial cycle : a Markov-Regime Switching Approach

Wet, Milan C. de - In: International journal of business and economic sciences … 14 (2021) 1, pp. 69-79

Purpose: The importance of the financial cycle has become a central point of consideration for policymakers since the 2007-08 financial crisis. This study aimed to construct and characterize the aggregate Australasian financial cycle. Design/methodology/approach: To construct the aggregate...

Persistent link: https://www.econbiz.de/10012604064

On the relationship between economic dynamics and female entrepreneurship : reflections for the Visegrad countries

Gaweł, Aleksandra; Głodowska, Agnieszka - In: Administrative Sciences : open access journal 11 (2021) 3, pp. 1-18

economic dynamics on female entrepreneurship. Economic dynamics is a persistent process affected simultaneously by both … that, although the economic dynamics impact female entrepreneurship, to some extent, it is not the most dominant factor …. The impact of economic dynamics on female entrepreneurship is much stronger in the trend perspective than in the business …

Persistent link: https://www.econbiz.de/10012793556

Common dynamic factors for cryptocurrencies and multiple pair-trading statistical arbitrages

Figà-Talamanca, Gianna; Focardi, Sergio M.; Patacca, Marco - In: Decisions in economics and finance : a journal of … 44 (2021) 2, pp. 863-882

Persistent link: https://www.econbiz.de/10012795004

Measuring and testing a modified version of the South African financial cycle

Nyati, Malibongwe C.; Tipoy, Christian K.; Muzindutsi, … - 2021

Persistent link: https://www.econbiz.de/10012796711

Economic dynamic modelling of climate policy in Poland

Kiuila, Olga; Lewczuk, Emilia - In: Central European economic journal 8 (2021) 55, pp. 246-255

Poland is responsible for 9% of CO2 emission in the European Union (EU), making it the fifth biggest emitter in the region. The energy sector is dominated by electricity produced from coal (around 70%). The country currently uses massive subsidies to boost the coal sector. We propose a dynamic...

Persistent link: https://www.econbiz.de/10012799193

Dynamic ordered panel logit models

Honoré, Bo E.; Muris, Chris; Weidner, Martin - 2021

We study a dynamic ordered logit model for panel data with ﬁxed effects. We establish the validity of a set of moment conditions that are free of the ﬁxed effects and that can be computed using four or more periods of data. We establish sufficient conditions for these moment conditions to...

Persistent link: https://www.econbiz.de/10012800698

The Economic Geography of Global Warming

Cruz Álvarez, José Luis; Rossi-Hansberg, Esteban - National Bureau of Economic Research - 2021

Global warming is a worldwide and protracted phenomenon with heterogeneous local economic effects. In order to evaluate the aggregate and local economic consequences of higher temperatures, we propose a dynamic economic assessment model of the world economy with high spatial resolution. Our...

Persistent link: https://www.econbiz.de/10012482682

Sensitivity to calibrated parameters

Jørgensen, Thomas H. - 2021

A common approach to estimation of dynamic economic models is to calibrate a sub-set of model parameters and keep them fixed when estimating the remaining parameters. Calibrated parameters likely affect conclusions based on the model but estimation time often makes a systematic investigation of...

Persistent link: https://www.econbiz.de/10012485059