Showing 1 - 10 of 1,064
The aim of this paper is to explore the purchasing power parity between the United States and Japan. This is done … whereas both US and Japan's price levels are around I(1.46). The latter result comes into contradiction with the traditional … integration order for the log-difference in price levels in the US and Japan yields the figure 1.33 which is (statistically …
Persistent link: https://www.econbiz.de/10005385098
Generalized autoregressive conditional heteroscedasticity in-mean model allows accounting for both time-varying variance and risk premium in financial time series data. This paper introduces an extension of this particular model with more flexible parameterization of the way variance enters the...
Persistent link: https://www.econbiz.de/10009274819
The paper analyses the idea of “secular stagnation” actively discussed in the recent economic literature. It examines the most popular versions of this idea offered by T. Kowen, R. Gordon and L. Summers. Author concludes that in the next decades a slowdown of economic growth in the U.S. is...
Persistent link: https://www.econbiz.de/10011286409
. Since 1950 this ratio stabilized – not only Western Europe and Japan improved their relative standing in per capita income …
Persistent link: https://www.econbiz.de/10013018381
Russian Abstract:Человеческий капитал изучается экономической наукой как фундаментальный фактор, стимулирующий накопление производственного капитала и,...
Persistent link: https://www.econbiz.de/10013405656
Russian Abstract: Система прогрессивных налогов представляет собой налоговую структуру, при которой налоговая ставка растет по мере увеличения уровня дохода...
Persistent link: https://www.econbiz.de/10014354146
Aim of the study is to estimate contribution of infrastructure capital in labor productivity in Russia. We measure stock of the traditional infrastructure sectors: communication, railways and paved roads. The idea of the econometric estimates is to expand a production function including...
Persistent link: https://www.econbiz.de/10009195619
An AK-model of economic growth is considered based upon a supposition that there are several agents in an economy, which have initially different wealth. Saving rate of each agent depends on her wealth. Main attention is given to asymptotic behavior of equilibrium paths. (in Russian)
Persistent link: https://www.econbiz.de/10008794570
We analyze equilibrium paths in two models of overlapping generations with reciprocal altruism. The first one allows us to consider a case of different propensity to of consumer to support her children and parents (non-symmetrical altruism). In this model, an equilibrium is a Nash equilibrium....
Persistent link: https://www.econbiz.de/10008794571
Persistent link: https://www.econbiz.de/10008904980