Three essays on public policies in rd growth models

... the two main sources of economic growth There is a huge literature on the connections between education or innovation on the one hand and economic growth on the other Many studies focus on endogenous ... from equations (54) and (55) that an increase in the tax on consumption (τc ) or labor income (τh ) will reduce the share of consumption in final output An increase in the...

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Ngày tải lên: 03/06/2014, 01:50

... equation da = din cin + din d in r a db = din d in r b in k + din The rational expectations equilibrium is E-stable if and only if din Proposition Suppose that (0; 1), = and in r < > Then din in ... kt+1 = cin + in r a + in k in r b + (2.5) kt : Combining (2.5) with (2.3) gives the actual law of motion for interest rates: rt+1 = din (cin + in r a) in k + din + in r b kt...

Ngày tải lên: 03/06/2014, 02:19

... polynomial functions available, including a piecewise constant function, a piecewise linear function over cone, high-dimensional splines, and etc., the one we consider here is a linear function in all ... dominated convergence theorem, the integral Vth is n−1 also continuous To show that Vth is nondecreasing in σT , one should note that n−1 equation (1.3.4) implies that it’s an increasing...

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Ngày tải lên: 03/06/2014, 02:20

... credit growth and banking structure of the Central and Eastern European Countries (CEE) The first essay studies the importance of bank ownership on this growth, the second explores the influence of ... Credit Growth in Central and Eastern European Countries, studies the importance of bank ownership structure for the growth of cr...

Ngày tải lên: 03/06/2014, 02:21

... is a combination of prices at all leads and lags In application, the Gonzalo-Granger common factor is a linear combination of contemporaneous prices (Stock and Watson, 1988 and Gonzalo and Granger, ... volume and market capitalization as control variables 32 The mode of trading is normal in that it involves interacting with a market maker Many trades on Nasdaq are internalized by...

Ngày tải lên: 02/11/2014, 00:34

... who are intrinsically motivated respond to a more controlling incentive with a faster decrease of intrinsic motivation and a slower increase of extrinsic motivation, resulting in a crowding-out ... 1.2.1 Extrinsic and Intrinsic Motivation In opposition to the classical economics, there is a correlation between extrinsic and intrinsic motivation Putting it differently, the presence of one...

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Ngày tải lên: 30/03/2014, 01:20

... of dissertation: ESSAYS ON PUBLIC AND DEVELOPMENT ECONOMICS Diether Wolfgang Beuermann, Doctor of Philosophy, 2010 Dissertation directed by: Professor Mark Duggan Department of Economics In Chapter ... These surveys contain information on demographics, education, income and expenses The second source is FITEL’s administrative information containing the GPS location of each p...

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Ngày tải lên: 03/06/2014, 01:47

... technology and cost structure in commercial banking industries in both industrialized economy (US) and transitional economy (China) In addition, internal and external factors that affect bank performance, ... (1983) on investment banking industry, Curry and Rose (1997) on thrift institutions, and Amel and Rhoades (1988, 1992) on commercial banking industry However, ther...

Ngày tải lên: 03/06/2014, 02:19

... 95 98 101 102 Chapter Introduction to the Three Essays on Bank’s Relative Efficiency 1.1 Introduction This dissertation presents three essays on banks’ relative efficiency We calculate two different ... author iv Table of Contents ABSTRACT ACKNOWLEDGEMENTS Chapter 1: Introduction to the Three Essays on Bank’s Relative Efficiency 1.1 Introduction Chapter :Review o...

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