Showing 1 - 10 of 26
Persistent link: https://www.econbiz.de/10005820905
Both educational expenditures and attainment have increased sharply over the last decades, despite rising prices of education, and stagnating income returns to human capital. This paper emphasizes conditional employment risks diversification as additional motivation for education demand. Job...
Persistent link: https://www.econbiz.de/10011410698
Purpose: This paper aims to answer the question: What are the impacts of implementing in-state procurement preference policies on the economy of the state of South Carolina? Design/methodology/approach: Toevaluate the impacts, the following six economic indicators were analyzed: jobs, personal...
Persistent link: https://www.econbiz.de/10012187441
Persistent link: https://www.econbiz.de/10012281288
Persistent link: https://www.econbiz.de/10005369346
The paper compares the empirical performance of two recently suggested techniques for estimating Multinomial Probit (MNP) models. The application concerns the choice of the first practice location of general practitioners in Quebec (Canada). Regional similarities are accounted for by modeling...
Persistent link: https://www.econbiz.de/10011144568
This study examines the role of elections in determining electricity prices in Quebec. The legislation governing Hydro-Quebec is used to develop a model incorporating its stated policy objectives and the partisan interests of the governing party. Bayesian methods are used to incorporate...
Persistent link: https://www.econbiz.de/10005770468
We make use of a recently developed method to estimate the intertemporal marginal rate of substitution consistent with the fluctuations of asset return data from the Toronto Stock Exchange. These estimates are then used to evaluate various parametric specifications for preferences often used in...
Persistent link: https://www.econbiz.de/10005604689
Researchers who wish to estimate factor demands using flexible functional forms may now choose from several candidates supplied by the theoretical literature. Unfortunately, the criteria for a priori model selection are not clear. This paper adopts the use of Bayesian methods and argues that...
Persistent link: https://www.econbiz.de/10005609104
This paper looks at the empirical consequences of inappropriately using a representative firm to mimic the aggregate investment decisions of a group of heterogeneous firms faced with costs of adjusting capital inputs. Improper aggregation generates a bias with two important consequences: (1) an...
Persistent link: https://www.econbiz.de/10005557207