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economic growth. The theory thus contributes to the understanding of the advent of divergence and overtaking in the process of … development. Consistently with the theory, the empirical analysis establishes that (i) geographical isolation prevalent in pre …
Persistent link: https://www.econbiz.de/10013110861
responses to an aggregate fiscal multiplier using a multi-region, New Keynesian model with heterogeneous agents, incomplete … markets, and trade linkages. Our model is consistent with the estimated positive local multiplier, a result that distinguishes … multiplier is twice as large as the local multiplier because trade linkages propagate the effect of government spending across …
Persistent link: https://www.econbiz.de/10014083720
Several contributions have recently assessed the size of fiscal multipliers both in RBC models and New Keynesian models. None of the studies considers a model with frictional labour markets which is a crucial element, particularly at times in which much of the fiscal stimulus has been directed...
Persistent link: https://www.econbiz.de/10013146168
classic simple bargaining games (ultimatum, dictator, and trust games). Specifically, we experimentally manipulate sleep …‐of‐day of the decisions. We find a robust result of increased greed, reduced trust, and reduced trustworthiness following sleep …
Persistent link: https://www.econbiz.de/10013000072
This article analyses the school performance of migrants dependent on peer groups in different international schooling environments. Using data from the international OECD PISA test, we consider social interaction within and between groups of natives and migrants. Results based on social...
Persistent link: https://www.econbiz.de/10013317543
We explore the relationship between the social interaction of parents and their offspring from a theoretical and an empirical perspective. Our theoretical framework establishes possible explanations for the intergenerational transfer of social interaction whereby the social interaction of the...
Persistent link: https://www.econbiz.de/10013126938
Accounting Matrix (SAM) database and made a multiplier analysis to explore the linkages and estimate the multiplier coefficients … economy. The multiplier analysis shows that an exogenous shock to the agriculture-based industry has a higher multiplier …
Persistent link: https://www.econbiz.de/10014263919
Although the Industrial Revolution is often characterized as the culmination of a process of commercialisation, the precise nature of such a link remains unclear. This paper models and analyzes such link: the role of commercialisation in raising efficiency wages as impersonal and anonymous...
Persistent link: https://www.econbiz.de/10013029125
Does the Internet undermine social capital or facilitate inter-personal and civic engagement in the real world? Merging unique telecommunication data with geo-coded German individual-level data, we investigate how broadband Internet affects several dimensions of social capital. One...
Persistent link: https://www.econbiz.de/10013123919
This paper uses data from the British National Child Development Study to investigate the relationship between social interaction and participation in the stock market through holding stocks and/or shares at the individual level. In accordance with the existing literature, the results reveal...
Persistent link: https://www.econbiz.de/10013144393