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1 - 10 van 84 voor dynamic specification
Research Memorandum (set-up) [PFP#792279750]
... equations for the steady state. dynamics will be added later form of an error correction specification. the wage equation is a linearized version of an equation that can be derived from ... level does not depend on the inflation rate and other short run dynamics. so, our dynamic specification is consistent with the non accelerating inflation rate of unemployment (nairu) hypotheses. moreover our model ...
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Research Memorandum (set-up) [PFP#1092129510]
... that equation (1) ignores possible dynamic aspects of coffee demand, arising from habit formation. we did experiment with a more general, dynamic demand specification, based on becker and murphy' ... multicollinearity between the lagged and leaded variables in the dynamic specification. a longer time period is required to study the dynamic implications of habit formation. coffee supply is determined ...
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N:\...\discussion4.wp [PFP#120744420]
... implies that migration induces more migration. we will touch upon this issue by considering a dynamic specification of our econometric model. countrywide unemployment levels tend to discourage migration as it makes ... there are enough time periods for which data are available; and (d) it enriches econometric specification such that we can use a fixed effect and a random effects model. econometric ...
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housing-supply-netherlands.pdf
... private residential construction put in place, and reports elasticities ranging from depending on the dynamic specification of her model. these two studies obtain the volume of housing produced by deflating ... for wages in the construction industry in a specification in levels, but she finds a modest negative effect of wages in a specification in first differences. dipasquale (1999) suggests that ...
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Microsoft Word - discussion65.doc
... cross-sections, which is common in the population-employment interaction literature. hence, our dynamic specification is richer than the lagged adjustment model that is generally used in this literature ... are not capitalised in wages or rents. 21 4 model specification and identification in this section, a dynamic specification is derived from a fairly general simultaneous model of regional housing ...
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memo224.pdf
... the econometric specification of underlying wage equations. the results indicate that notably the econometric specification of the reported wage equation matters. the dynamic specification, the choice ... has been used (usually ols) or a system estimation technique. dynamic specification the dynamic specification of the reported equation will affect estimated elasticities. we distinguish between ...
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Microsoft Word - cpbdoc126.doc
... as proxies respectively of demand and production factors. we add to this standard specification an index of relative country size between trading partners. ii. controls for heterogeneity. ... restrictions shows that the hypothesis that all moment restrictions are satisfied for the dynamic specification is not rejected. in detail gravity standard variables. a positive exports relationship with ...
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structural changes demand labor pdf
... parameters in the matrix and three parameters in the , and vector each. the general dynamic specification adds another 15 paramers to the model. it turned out to be impossible to ... the elasticities of technology is partly caused by the way technology is taken care specification. the additive quadratic term figure 3 technological progress; sheltered figure 2 technological progress; exposed ...
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why do macro wage elasticities diverge meta analysis pdf
... to outliers. the results indicate that notably the econometric specification of the reported wage equation matters. the dynamic specification, the choice of explanatory variables and restrictions on ... but also variables that account for completeness, parameter restrictions and normalization. moreover, the dynamic specification of the wage equation matters. although not surprising, long and short-run ...
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paper-flex-martin-2.pdf
... between job reallocation and productivity growth. in particular, several papers have used static and dynamic accounting decompositions to shown that jobs are reallocated from firms with below-average labour ... total worker reallocation by between 5.2 and 6.7 percentage points, depending on the specification adopted. similarly, the same variation in ep stringency is estimated to reduce separation rates ...
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