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Google econometrics and unemployment forecasting

Askitas, Nikolaos; Zimmermann, Klaus F. - 2009

The current economic crisis requires fast information to predict economic behavior early, which is difficult at times of structural changes. This paper suggests an innovative new method of using data on internet activity for that purpose. It demonstrates strong correlations between keyword...

Persistent link: https://www.econbiz.de/10010269318

Exponent of cross-sectional dependence: Estimation and inference

Bailey, Natalia; Kapetanios, George; Pesaran, Hashem - 2012

An important issue in the analysis of cross-sectional dependence which has received renewed interest in the past few years is the need for a better understanding of the extent and nature of such cross dependencies. In this paper we focus on measures of cross-sectional dependence and how such...

Persistent link: https://www.econbiz.de/10010282124

Growth, volatility and political instability: non-linear time-series evidence for Argentina, 1896 - 2000

Campos, Nauro F.; Karanasos, Menelaos G. - 2007

What is the relationship between economic growth and its volatility? Does political instability affect growth directly … or indirectly, through volatility? This paper tries to answer such questions using a power-ARCH framework with annual … legislative changes) has an indirect (through volatility) negative impact. We also find preliminary support for the idea that …

Persistent link: https://www.econbiz.de/10010268236

Examining the Impact of Macro-Economic Conditions on Income Inequality

Jäntti, Markus; Jenkins, Stephen P. - 2001

This paper proposes a new approach for analyzing the relationship between macroeconomic factors and the income distribution. The conventional method of analysis is regression of summary inequality indices on variables such as the unemployment and inflation rates. Building on the lessons from...

Persistent link: https://www.econbiz.de/10010262571

Moving down: women's part time work and occupational change in Britain 1991 - 2001

Connolly, Sara; Gregory, Mary - 2007

The UK's Equal Opportunities Commission has recently drawn attention to the 'hidden brain drain' when women working part-time are employed in occupations below those for which they are qualified. These inferences were based on self-reporting. We give an objective and quantitative analysis of the...

Persistent link: https://www.econbiz.de/10010268437

Nonparametric Estimation of a Dependent Competing Risks Model for Unemployment Durations

van den Berg, Gerard J.; van Lomwel, A. Gijsbert C.; … - 2003

In this paper we simultaneously analyze transitions from unemployment to employment and to nonparticipation. We estimate a dependent competing risks model with nonparametric specifications of the destination-specific duration dependence and unobserved heterogeneity terms. We use a unique...

Persistent link: https://www.econbiz.de/10010261612

Dynamic Treatment Assignment : The Consequences for Evaluations Using Observational Data

Fredriksson, Peter; Johansson, Per - 2004

This paper discusses the evaluation problem using observational data when the timing of treatment is an outcome of a stochastic process. We show that the duration framework in discrete time provides a fertile ground for effect evaluations. We suggest easy-to-use nonparametric survival function...

Persistent link: https://www.econbiz.de/10010261825

Identification and Estimation of Economic Models of Outmigration Using Panel Attrition

Bellemare, Charles - 2004

Because their departures are difficultly observed, little is known about the performance of immigrants who leave a region and move to another. This paper shows conditions under which the (conditional) outmigration probability, work probability and the expected earnings of outmigrants are...

Persistent link: https://www.econbiz.de/10010261828

Downward Nominal Wage Rigidity in Europe : An Analysis of European Micro Data from the ECHP 1994-2001

Knoppik, Christoph; Beissinger, Thomas - 2005

This paper substantially extends the limited available evidence on existence and extent of downward nominal wage rigidity in the European Union and the Euro Area. For this purpose we develop an econometric multi-country model based on Kahn?s (1997) histogram-location approach and apply it to...

Persistent link: https://www.econbiz.de/10010262208

A Structural Labour Supply Model with Nonparametric Preferences

van Soest, Arthur; Das, Marcel; Gong, Xiaodong - 2000

-linear) tax and benefits changes. Moreover, the model can deal with several other problems in estimation of structural labour … to show that the estimation strategy has remarkably good finite sample properties for the size of our sample. On the …

Persistent link: https://www.econbiz.de/10010262417