Showing 1 - 10 of 11
This paper attempts to present a viable approach for the design of an instrument of government finance (and monetary management) in an Islamic economy where conventional transactions based on an ex-ante promise of a risk-free rate of return are forbidden. Resources to finance government...
Persistent link: https://www.econbiz.de/10011110783
Connectivity in developing countries has traditionally been viewed in terms of investment in transport and communications. This papers makes an effort to go beyond this traditional view and conceptualizes connectivity as networks between people and places. We split the overall national reforms...
Persistent link: https://www.econbiz.de/10009322888
While Pakistan has taken several steps to promote competition in its markets, further reforms are required in improving domestic commerce, agricultural markets and industries. With increasing risks and cost of doing business due to deteriorating law and order situation as well as massive energy...
Persistent link: https://www.econbiz.de/10009328135
In the early 1990s capital flows to the Asian economies were dominated by FDI. By contrast, Latin America was attracting little FDI and a large share of its inflows were either short-term or portfolio and viewed as “hot money.” These differences gave rise to the view that Latin America was...
Persistent link: https://www.econbiz.de/10005786926
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Persistent link: https://www.econbiz.de/10005836507
We develop a theoretical framework to compare forecast uncertainty estimated from time series models to those available from survey density forecasts. The sum of the average variance of individual densities and the disagreement, which is the same as the variance of the aggregate density, is...
Persistent link: https://www.econbiz.de/10008541495
Using self-assessed health status together with several indicators of individual morbidity and socio-demographic characteristics, we study the quality of health and income related health disparity in five racial/ethnic groups as well as across 17 geographic areas of New York State. The American...
Persistent link: https://www.econbiz.de/10008490470
We estimate a Bayesian learning model with heterogeneity aimed at explaining the evolution of expert disagreement in forecasting real GDP growth and inflation over 24 monthly horizons for G7 countries during 1990-2007. Professional forecasters are found to begin and have relatively more success...
Persistent link: https://www.econbiz.de/10008529265
Using forecasts from Consensus Economics Inc., we provide evidence on the efficiency of real GDP growth forecasts by testing whether forecast revisions are uncorrelated. As the forecast data used are multi-dimensional—18 countries, 24 monthly forecasts for the current and the following year...
Persistent link: https://www.econbiz.de/10008536048
Dwivedi and Srivastava (1984, DS) studied the exact finite sample properties of Nagar’s (1962) double k-class estimator as continuous functions of its two characterizing scalars k1 and k2, and provided guidelines for their choice in empirical work. In this note we show that the empirical...
Persistent link: https://www.econbiz.de/10008536075