Results 111 to 120 of about 12,050,315 (258)
The Role of Remittances and FDI for the Current Account: The Case of Cambodia
Journal of Money, Credit and Banking, EarlyView.Abstract This paper develops a small open economy real‐business‐cycle model to examine the dynamics of Cambodian current account. Differing from previous studies, our model incorporates both net foreign direct investment (FDI) and remittances as additional sources of macro‐economic fluctuations. Our results reveal that these two factors, especially FDI,
VEASNA KHENG, LEI PAN, XIAODONG FAN
wiley +1 more source
A Nonlinear Generalized Additive Error Model of Production and Cost [PDF]
In 1944, Marschak and Andrews published a seminal paper on how to obtain consistent estimates of a production technology. The original formulation of the econometric model regarded the joint estimation of the production function together with the first ...
Caputo, Michael R., Paris, Quirino
core
The Welfare and Distributional Consequences of Corporate Tax Cuts in Open Economies
Journal of Money, Credit and Banking, EarlyView.Abstract We develop an open‐economy heterogeneous household model with incomplete markets to quantitatively evaluate the welfare and distributional effects—both within and across countries—of the corporate tax cut (Tax Cuts and Jobs Act, TCJA) implemented in the U.S. in 2017. The model allows for examining outcomes under various possibilities including
MAMOON KADER +3 more
wiley +1 more source
Consequences of Fiscal Risk to Optimal Monetary Policy
Journal of Money, Credit and Banking, EarlyView.Abstract We study the optimal monetary policy of a New Keynesian economy on the brink of fiscal dominance. The model features a Markov switching structure to incorporate regime uncertainty. Switching probabilities can be either exogenous or endogenous. We find that a fiscal risk entails a welfare loss and breaks the “divine coincidence” because perfect
OTÁVIO DE A. J. TEIXEIRA +1 more
wiley +1 more source
Aggregate Market Power: Measurement, Drivers, and Macroeconomic Effects
Journal of Economic Surveys, EarlyView.ABSTRACT This survey reviews the macroeconomic literature on market power, focusing on its measurement, determinants, and macroeconomic effects. It synthesizes evidence from concentration ratios, business dynamism indicators, and markup/markdown estimates, documenting a distinct change in trends since the 1980s, especially in the United States ...
Maria Alessandra Rossi
wiley +1 more source
Lecturas de EconomíaThe Bayesian approach offers the advantage of incorporating prior knowledge, provides flexibility in handling complex models, and allows for the updating of beliefs based on new data.
Ojo Oluwadare
doaj +1 more source
Effects of Trade Openness on Economic Growth: The Case of African Countries [PDF]
The relationship between trade and productivity has not been established theoretically. Some researchers have indeed found some, if not complete, support for the view that increasing openness has a positive impact on productivity.
Akuffo, Akua S. +3 more
core
Capital‐Labour Substitution in Macroeconomics: A Survey of Mechanisms, Dynamics and Policy Insights
Journal of Economic Surveys, EarlyView.ABSTRACT Macroeconomic conclusions often hinge on a single, hard‐to‐pin‐down parameter: the elasticity of substitution between capital and labour, σ. This survey synthesises theory and evidence on how results change once we move beyond the Cobb–Douglas benchmark (σ=1$\sigma = 1$).
Francisco Rebelo, Fernando Del Río
wiley +1 more source
Efficient Estimates of a Model of Production and Cost [PDF]
In 1944, Marschak and Andrews published a seminal paper on how to obtain consistent estimates of a production technology. The original formulation of the econometric model regarded the joint estimation of the production function together with the first ...
Caputo, Michael R., Paris, Quirino
core
Discussion of “Connectivity and Selective Rural Migration”
International Economic Review, EarlyView.
Xiaodong Zhu
wiley +1 more source