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coefficients, we find that positive skewness generally exerts a dominant influence. Employing Panel Cointegration Techniques, we …
Persistent link: https://www.econbiz.de/10015420879
characteristic tests. Our empirical evidence, using the British Household Panel Survey (BHPS) data, strongly supports the PIH. This …
Persistent link: https://www.econbiz.de/10013124708
of a dynamic panel data model for German states between 1970 and 2006. Our preferred specification relates changes in …-run perspective in a co-integration model. Here we specify a Panel-ECM and look at its short run adjustment to judge about the share … smoothening characteristics of income transfers to the East. As a robustness check we also apply the Panel-ECM with spatially …
Persistent link: https://www.econbiz.de/10011575929
Persistent link: https://www.econbiz.de/10001573546
the rotating panel feature of Consumer Expenditure Survey to construct the proxies and test significance of them in the …
Persistent link: https://www.econbiz.de/10011539196
This paper presents a simple new method for measuring 'wealth effects' on aggregate consumption. The method exploits the stickiness of consumption growth (sometimes interpreted as reflecting consumption 'habits') to distinguish between immediate and eventual wealth effects. In U.S. data, we...
Persistent link: https://www.econbiz.de/10013038374
Das Konsumverhalten privater Haushalte hat in der wirtschaftswissenschaftlichen Literatur seit Jahrzehnten einen hohen Stellenwert. Überwiegend dienten Stromgrößen wie das Faktoreinkommen oder der Konsum der Vorperiode als erklärende Variablen. Auf empirischer Ebene kollidiert eine solche...
Persistent link: https://www.econbiz.de/10003143127
Despite similar levels of per capita income, education and technology, the development of labour income shares in OECD countries has displayed different patterns since 1960. The paper examines the role of demography in this regard. We first use a standard overlapping generations model to derive...
Persistent link: https://www.econbiz.de/10011514550
should be discouraged. Data source is Eurostat and the panel data ere elaborated through the Eviews software package …
Persistent link: https://www.econbiz.de/10013137240
Generation” type of panel cointegration analysis in order to take into account of the prospective existence of dependency between …
Persistent link: https://www.econbiz.de/10012896923