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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

The Japanese lost decade and beyond: A chain reaction theory approach

Agnese, Pablo - 2011

The Japanese lost decade has become an intriguing puzzle for both economists and policy-makers alike, as the unemployment rate climbed to unprecedented levels and the growth rate of productivity decreased considerably. More recent times seem to present with a more optimistic outlook, but this is...

Persistent link: https://www.econbiz.de/10010274696

An empirical growth model for major oil exporters

Esfahani, Hadi Salehi; Mohaddes, Kamiar; Pesaran, M. Hashem - 2012

with a coefficient equal to the share of capital (α). The long-run theory is tested using quarterly data on nine major oil …-run theory. The existence of long-run relations between real output, foreign output and real oil income is established for six of … three decades, the theory suggests that the effect of oil income on the economy's steady state growth rate will vanish …

Persistent link: https://www.econbiz.de/10010282525

On identification of Bayesian DSGE models

Koop, Gary; Pesaran, Hashem; Smith, Ron P. - 2011

In recent years there has been increasing concern about the identification of parameters in dynamic stochastic general equilibrium (DSGE) models. Given the structure of DSGE models it may be difficult to determine whether a parameter is identified. For the researcher using Bayesian methods, a...

Persistent link: https://www.econbiz.de/10010278760

Labor and the Market Value of the Firm

Merz, Monika; Yashiv, Eran - 2003

What role does labor play in firms? market value? We explore this question using a production-based asset pricing model with frictions in the adjustment of both capital and labor. We posit that hiring of labor is akin to investment in capital and that the two interact, with the interaction being...

Persistent link: https://www.econbiz.de/10010261658

Capital Accumulation and Growth : A New Look at the Empirical Evidence

Schiantarelli, Fabio; Leblebicioglu, Asli; Bond, Steve - 2004

coefficients. They are robust to model specifications and estimation methods. The evidence that investment has a long-run effect on …

Persistent link: https://www.econbiz.de/10010261921

Venture Capital Investment and Labor Market Performance : New Empirical Evidence for OECD Countries

Belke, Ansgar; Schaal, Andreas - 2004

Anglo-Saxon countries have been successful in the 1990s concerning labor market performance compared to the former role models Germany and Japan. This reversal in relative economic performance might be related to idiosyncracies in financial markets with bank-based financial markets as in Germany...

Persistent link: https://www.econbiz.de/10010262178

An empirical model of growth through product innovation

Lentz, Rasmus; Mortensen, Dale T. - 2005

through innovation that explains these facts. The model is a modified version of the Schumpeterian theory of firm evolution …

Persistent link: https://www.econbiz.de/10010267364

Technical change and total factor productivity growth for Chinese provinces: a panel data analysis

Shiu, Alice; Heshmati, Almas - 2006

We present in this paper the panel econometrics estimation approach of measuring the technical change and total factor … variances has been used for the estimation of the translog production functions. Two alternative formulations of technical …

Persistent link: https://www.econbiz.de/10010267745

Non-Linearities in the Expansion of Capital Stock

Pfann, Gerard A.; Letterie, Wilko; Verick, Sher - 2004

The empirical identification of non-linearities in investment relies on how investment is assumed to be separated into various regimes. Using German establishment-level panel data, we estimate a two-regime model of replacement and expansion investment which allows us to observe regime...

Persistent link: https://www.econbiz.de/10010276179