Now showing items 1-10 of 73
The Expenditure Impacts of Individual Higher Education Institutions (HEIs) and their Students on the Northern Irish Economy: Homogeneity or Heterogeneity?
(University of Strathclyde, 2011)
This paper replicates the analysis of Scottish HEIs in Hermannsson et al (2010a) for the case of Northern Ireland in order to provide a self-contained analysis that is readily accessible by those whose primary concern ...
International Capital Flows to Emerging and Developing Countries: National and Global Determinants
(University of Glasgow, 2011)
This paper examines international capital flows to emerging and developing countries. We assess whether commonalities exist, the permanence of shocks to commonalities and their determinants. Also, we consider individual ...
On Measuring the Efficiency of Monetary Policy
(University of St AndrewsUniversite de PerpignanUniversite Montesquieu, 2011)
Cecchetti et al. (2006) develop a method for allocating macroeconomic performance changes among the structure of the economy, variability of supply shocks and monetary policy. We propose a dual approach of their method ...
Notes on Agents’ Behavioral Rules Under Adaptive Learning and Studies of Monetary Policy
(University of St AndrewsBank of Finland, 2011)
These notes try to clarify some discussions on the formulation of individual intertemporal behavior under adaptive learning in representative agent models. First, we discuss two suggested approaches and related issues ...
The effects of agglomeration on wages: evidence from the micro-level
(University of StrathclydeUniversity of Essex, 2011)
This paper estimates individual wage equations in order to test two rival non-nested theories of economic agglomeration, namely New Economic Geography (NEG), as represented by the NEG wage equation and urban economic (UE) ...
The Stagnation Regime of the New Keynesian Model and Current US Policy
(University of St Andrews, 2011)
In Evans, Guse, and Honkapohja (2008) the intended steady state is locally but not globally stable under adaptive learning, and unstable deflationary paths can arise after large pessimistic shocks to expectations. In the ...
Spatial Interactions in Hedonic Pricing Models: The Urban Housing Market of Aveiro, Portugal
(University of DundeeUniversity of Aveiro, 2011)
Spatial heterogeneity, spatial dependence and spatial scale constitute key features of spatial analysis of housing markets. However, the common practice of modelling spatial dependence as being generated by spatial ...
Estimation of the Spatial Weights Matrix under Structural Constraints
(University of DundeeUniversity of St Andrews, 2011)
While estimates of models with spatial interaction are very sensitive to the choice of spatial weights, considerable uncertainty surrounds de nition of spatial weights in most studies with cross-section dependence. We ...
Institutions, Property Rights, and Economic Development in Historical Perspective
(University of Glasgow, 2011)
Institutions, and more speci cally private property rights, have come to be seen as a major determinant of long-run economic development. We evaluate the case for property rights as an explanatory factor of the Industrial ...
The Rebound Effect: Some Questions Answered
(University of StrathclydeUniversity of Stirling, 2011)