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variables. We use a consistent two stage least squares estimation procedure. (We report OLS estimates as well.) The estimated …
Persistent link: https://www.econbiz.de/10005118829
expenditures in the case of Turkey for the period of 1950-2002. On using new macroeconomic and multivariate cointegration procedure …
Persistent link: https://www.econbiz.de/10005412794
In this paper, we apply the asymptotic theory of panel cointegration developed by Kao and Chiang (1997) to Coe and …
Persistent link: https://www.econbiz.de/10005119273
European countries have progressively integrated from the point of view of trade and investment and have a common currency now. However, labour market and fiscal institutions have largely retained their national status. The aim of this paper is to examine: a) the possibility for trade unions of...
Persistent link: https://www.econbiz.de/10005076748
In this paper we empirically analyse the linkages among growth, investment and reforms in the South East Asian countries, in the North Africa and in the non CFA Sub-Saharan Africa economies over 1970-89 to 2003. These regions differ considerably among them selves as well as with regard to the...
Persistent link: https://www.econbiz.de/10005556730
Empirical research based on panel data has to pay special attention to measurement errors. Utility maximization often …
Persistent link: https://www.econbiz.de/10005119368
The issue of whether government capital is productive has received a great deal of recent attention. Yet empirical analyses of public capital productivity have generally been limited to the official capital stock estimates available in a small sample of countries. Alternatively, many researchers...
Persistent link: https://www.econbiz.de/10005556919
In this paper we use a simple model to analyze the forces which determine the size of the public sector and the quality of workers employed in that sector. Workers are heterogeneous, and the public sector chooses an employment strategy which maximizes a social welfare function $U(s,Y)$ which...
Persistent link: https://www.econbiz.de/10005408398
We use county data with 3,058 observations to study growth and convergence in the US. We assess the effect of 40 conditioning variables on the counties’ balanced growth paths. Using OLS and 3SLS-IV, the later yielding consistent estimates, we report estimates for the full sample and for metro,...
Persistent link: https://www.econbiz.de/10005412718
This study aims at predicting the most likely winners of international football tournaments. To this end, this paper employs a relatively simple statistical method, which is based on the seasonal coefficients of variation (CVs) of the end-of-season points from domestic football leagues to...
Persistent link: https://www.econbiz.de/10005412888