Applying a grounded-theory approach to analyzing the Global Entrepreneurship Monitor (GEM) data, we attempt to explain why New Zealand exhibits only a moderate level of economic development despite its high level of entrepreneurship. By statistically analyzing why 34 other countries in the 2005...

Introduction. The objects of investigation of this work are micro-level behaviors in stock markets. We aim at better understanding which strategies of market participants drive stock markets. The problem is that micro-level data from real stock markets are largely unobservable. We take an...

We propose a method for estimating complex heterogeneous agent-based models, especially their time-varying micro data, based on time-varying real-world macro data . We estimate the model at high frequency without posing simplifying assumptions on the model or the estimation process. We estimate...