Similar Search Results

The within-distribution business cycle dynamics of German firms

Weber, Sebastian; Döpke, Jörg - 2006

We analyse stylised facts for Germany's business cycle at the firm level. Based on longitudinal firm-level data from the Bundesbank's balance sheet statistics covering, on average, 55,000 firms per year from 1971 to 1998, we estimate transition probabilities of a firm in a certain real sales...

Persistent link: https://www.econbiz.de/10010295818

The Link Between Firms? Innovation Decision and the Business Cycle: An Empirical Analysis

Heger, Diana - 2004

The sensitivity of innovation activities with respect to the business cycle is often assumed to be small. In this paper the hypothesis on cyclical dependence of innovation activities is tested for firms in the German manufacturing, and additionally for SMEs. To this end firms? innovation...

Persistent link: https://www.econbiz.de/10010297408

Dynamic copula-based Markov chains at work: Theory, testing and performance in modeling daily stock returns

Tinkl, Fabian; Reichert, Katja - 2011

We generalize the score test for time-varying copula parameters proposed by [Abegaz & Naik-Nimbalkar, 2008] to a setting where more than one-parametric copulas can be tested for time variation in at least one parameter. In a next step we model the daily log returns of the Commerzbank stock using...

Persistent link: https://www.econbiz.de/10010305902

A dynamic life cycle model for Germany with unemployment uncertainty

Biewald, Anne - 2008

This work analyzes the saving and consumption behavior of agents faced with the possibility of unemployment in a dynamic and stochastic life cycle model. The intertemporal optimization is based on Dynamic Programming with a backward recursion algorithm.The implemented uncertainty is not based on...

Persistent link: https://www.econbiz.de/10009449071

Asymptotic Income Distribution in the German Socio-Economic Panel (SOEP): Income Inequality and Darwinian Fitness

Montano, Diego - 2011

In this paper, the relation between income inequality and population growth is analized from a Darwinian perspective. A Markov chain population growth model is presented and estimated using data from the German Socio-Economic Panel (SOEP). We estimate both population growth rates and...

Persistent link: https://www.econbiz.de/10011601069

Asymptotic income distribution in the German Socio-Economic Panel (SOEP) : income inequality and Darwinian fitness

Montano, Diego - 2011

Persistent link: https://www.econbiz.de/10009412039

Is there a fade-away effect of initial nonresponse bias in EU-SILC?

Rendtel, Ulrich - 2015

Nonresponse in surveys may result in a distortion of the distribution of interest. In a panel survey the participation behavior in later waves is different from the participation behavior at the start. With register data that cover also the information for non-respondents one can observe a fade...

Persistent link: https://www.econbiz.de/10011312698

The fade away of an initial bias in longitudinal surveys

Alho, Juha M.; Müller, Gerrit; Pflieger, Verena; … - 2017

We propose a new view of initial nonresponse bias in longitudinal surveys. Under certain conditions, an initial bias may "fade-away" over consecutive waves. This effect is discussed in a Markovian framework. A general contraction theorem for time inhomogeneous Markov chains is presented. The...

Persistent link: https://www.econbiz.de/10011714202

Fiscal Policy Rules for Stabilisation and Growth : A Simulation Analysis of Deficit and Expenditure Targets in a Monetary Union

Brück, Tilman; Zwiener, Rudolf - 2004

We analyse the effectiveness of fiscal policy rules for business cycle stabilisation in a monetary union using a quarterly macro-econometric model of Germany. The simulations compare a deficit target and an expenditure target under a range of supply, demand and fiscal shocks. Their effects are...

Persistent link: https://www.econbiz.de/10010260720

Standard and Shuffled Halton Sequences in a Mixed Logit Model

Staus, Alexander - 2008

. Simulation methods have been developed to approximate a solution for these integrals. This paper describes the Standard Halton … sequence and a modification of it, the Shuffled Halton sequence. Both are simulation methods which can reduce computational … effort compared to a random sequence. We compare the simulation methods in their coverage of the multi-dimensional area and …

Persistent link: https://www.econbiz.de/10011375025