Why are More Redistributive Social Security Systems Smaller? A Median Voter Approach [PDF]
We suggest a political economy explanation for the stylized fact that intragenerationally more redistributive social security systems are smaller. Our key insight is that linking benefits to past earnings (less redistributiveness) reduces the efficiency ...
Marko Koethenbuerger +2 more
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Measuring business cycles with structural breaks and outliers: Applications to international data [PDF]
, 2016 This paper first generalizes the trend-cycle decomposition framework of Perron and Wada (2009) based on unobserved components models with innovations having a mixture of normals distribution, which is able to handle sudden level and slope changes to the ...
Perron, Pierre, Wada, Tatsuma
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Do returns to schools go up during transition? The not so contrary case of Vietnam [PDF]
, 2009 A key stylized fact about transition economies is that the returns to schooling rise as economic reform progresses. Existing research suggests that Vietnam is an exception to this pattern, with a decrease in males’ return from 1992 to 1998, and little ...
Doan, Tinh Thanh, Gibson, John
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Price convergence, reversal speed and purchasing power parity: Stylized facts for Brazilian cities
EconomiA, 2018 This paper analyzes the price dynamics of Brazilian cities between 1995 and 2012 to identify stylized facts about price convergence, the reversal speed of deviations between relative prices and purchasing power parity (PPP). There is evidence of a strong
Elano Ferreira Arruda +3 more
doaj +1 more source
The China Puzzle: Theory and Evidence on the Behavior of Chinese Exports during the 2008-2009 Global Financial Crisis [PDF]
, 2016 Many studies link the recent collapse in trade during the 2008-09 financial crisis to a decrease in the demand for durable and investment goods in crisis-hit countries.
Hao, Hang-Wei
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Detrending, Stylized Facts and the Business Cycle [PDF]
Journal of Applied Econometrics, 1993 Abstract Establishing the ‘stylized facts’ associated with a set of time series is widely considered a crucial step in macroeconomic research (see e.g. Blanchard and Fischer, 1989, chapter 1). For such facts to be useful they should (1) be consistent with the stochastic properties of the data and (2) present meaningful information ...
Harvey, A C, Jaeger, A
openaire +1 more source
EconometricsThis paper revisits the topic of time-scale parameterizations of the Heston–Nandi GARCH (1,1) model to create a new, theoretically valid setting compatible with real financial data.
Marcos Escobar-Anel +3 more
doaj +1 more source
Mathematical modeling of glutathione status in type 2 diabetics with vitamin B12 deficiency
Frontiers in Cell and Developmental Biology, 2016 Deficiencies in vitamin B12 and glutathione (GSH) are associated with anumber of diseases including type 2 diabetes mellitus. We tested newly diag-nosed Indian diabetic patients for correlation between their vitamin B12 andGSH, and found it to be weak ...
Varun eKaramshetty +3 more
doaj +1 more source
Durable Goods Inventories and the Volatility of Production: A Puzzle [PDF]
A stylized fact associated with inventory behavior is that durable goods production and inventory investment are about 5 times more volatile than those of nondurable goods.
Wen, Yi
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Ethnic fragmentation and police spending [PDF]
, 2010 Using a Two-Stage Least Squares procedure, we estimate the relationship between ethnic fragmentation and police spending using a cross-section of United States counties.
Ajilore, Olugbenga, Smith, John
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