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In this paper we propose a Bayesian estimation approach for a spatial autoregressive logit specification. Our approach relieson recent advances in Bayesian computing, making use of Pólya-Gamma sampling for Bayesian Markov-chain Monte Carlo algorithms.The proposed specification assumes that the...
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The paper builds Distributional National Accounts (DINA) using household survey data. We present a transparent and reproducible methodology to construct DINA whenever administrative tax data are not available for research and apply it to various European countries. By doing so, we build...
Persistent link: https://www.econbiz.de/10012214976
different counterfactual post-Brexit scenarios, our main findings suggest that UK's exports of goods to the EU are likely to … decline within a range between 7.2 percent and 45.7 percent (EU's exports to UK by 5.9 percent to 38.2 percent) six years … under the hard Brexit scenario. The estimated welfare effects for the EU are negligible in magnitude and statistically not …
Persistent link: https://www.econbiz.de/10011775646
We develop a multivariate dynamic factor model that exploits euro area country-specific information on output and inflation for estimating an area-wide measure of the output gap. In the proposed multi-country framework we moreover allow for flexible stochastic volatility (SV) specifications for...
Persistent link: https://www.econbiz.de/10011806537
-skilled workers in EU manufacturing. Whereas in the short run international outsourcing exhibits a negative marginal effect on real …
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We estimate the pro-competitive effects of Austria's participation in the Single Market after its EU accession in 1995 …
Persistent link: https://www.econbiz.de/10011494214