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Three essays on public policies in rd growth models

Three essays on public policies in rd growth models

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 tax on labor income (τh ... accumulation In particular, we assume that in addition to the time input, human capital accumulation also requires physical inputs in order to consider the subsidy to physical investment in education In...
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essays on public finance and economic growth

essays on public finance and economic growth

... permission of the copyright owner Further reproduction prohibited without permission Reproduced with permission of the copyright owner Further reproduction prohibited without permission Reproduced ... permission of the copyright owner Further reproduction prohibited without permission Reproduced with permission of the copyright owner Further reproduction prohibited without permission Reproduced ... permission of the copyright owner Further reproduction prohibited without permission Reproduced with permission of the copyright owner Further reproduction prohibited without permission Reproduced...
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Three essays on adaptive learning in monetary economics

Three essays on adaptive learning in monetary economics

... 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 The mapping from agents’PLM ... implication that an increase in the money growth rate is associated with a reduction in the steady state in ation rate In all of this prior work involving the stability of monetary equilibria in overlapping...
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Three essays on asset pricing in financial market

Three essays on asset pricing in financial market

... 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 function ... )dτ, = ρ where f is the conditional density function of τtm+1 and σtm+2 is a known continuous, bounded, and increasing function of σtm+1 Since the integrand is continuous, strictly positive,...
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Three essays on economic reform and household behavior in contemporary China

Three essays on economic reform and household behavior in contemporary China

... permission of the copyright owner Further reproduction prohibited without permission Reproduced with permission of the copyright owner Further reproduction prohibited without permission Reproduced ... permission of the copyright owner Further reproduction prohibited without permission Reproduced with permission of the copyright owner Further reproduction prohibited without permission Reproduced ... permission of the copyright owner Further reproduction prohibited without permission Reproduced with permission of the copyright owner Further reproduction prohibited without permission Reproduced...
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Three essays on the credit growth and banking structure of Central and Eastern European countries

Three essays on the credit growth and banking structure of Central and Eastern European countries

... 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 credit in the CEE countries The foreign bank ownership for the credit growth ... Foreign Countries: A Case Study for the Central and Eastern European Countries, analyzes the impact of parent banks on the credit growth pattern of their CEE subsidiaries The transition in the CEE banking...
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information flow in a fragmented dealer market- three essays on price discovery

information flow in a fragmented dealer market- three essays on price discovery

... 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 market-making ... the adjustments captured in the VAR terms Γi∆pt-i, potentially discarding the information contained in significant lagged reactions to innovations in alternate markets An alternate approach involves...
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Three essays on volunteers in economics

Three essays on volunteers in economics

... 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 motivation ... while intrinsic volunteers show an opposite inclination (-0.183*) In line with the hypotheses, the One-way evaluation, the least controlling treatment in our experiment, still results in a crowding-in...
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Essays on public and development economics

Essays on public and development economics

... 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 phone and the date ... distribution by treatment status 59 Table 5: Attrition patterns acrosss regions 67 Table 6: Relation between treatment and attrition 68 Table 7: Attrition check – Penza region ...
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essays on partial identification in econometrics and finance

essays on partial identification in econometrics and finance

... permission of the copyright owner Further reproduction prohibited without permission Reproduced with permission of the copyright owner Further reproduction prohibited without permission Reproduced ... permission of the copyright owner Further reproduction prohibited without permission Reproduced with permission of the copyright owner Further reproduction prohibited without permission Reproduced ... permission of the copyright owner Further reproduction prohibited without permission Reproduced with permission of the copyright owner Further reproduction prohibited without permission Reproduced...
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Three essays on bank technology, cost structure, and performance

Three essays on bank technology, cost structure, and performance

... 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, there is no consensus among these ... (on the left hand side of cost function (1) and input share equations (2)) are total cost and input cost shares, while the exogenous variables are input prices, output quantities, and environmental...
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Three essays on banks' relative efficiency

Three essays on banks' relative efficiency

... 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 of the situation before and after ... 1346 Ann Arbor, MI 48106-1346 ABSTRACT Three Essays on Banks’ Relative Efficiency Jorge Guillén Three separate studies are conducted regarding banks’ relative efficiency Previous to start with the...
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