Engel and Wang (2008) argue that trade in durable goods is important for international real-businesscycle models to replicate the behavior of real imports and exports. We extend such a model with Calvostyle price stickiness. We find that the model with producer currency pricing (PCP) for investment goods and local currency pricing (LCP) for durable consumption performs better than the model wit...

In this paper we investigate the long run relationship between financial depth and economic growth, trying to utilize the data in the most efficient manner via panel unit root tests and panel cointegration analysis. In addition, we use threshold cointegration tests, and dynamic panel data estimation for a panel-based vector error correction model. The long run relationship is estimated using fu...

Most state (and local) governments in the U.S. operate under formal fiscal rules which limit their ability to run budget deficits and resort to debt financing. A priori, one would expect to find evidence in favor of an intertemporally balanced budget, or fiscal sustainability, for these states, especially those characterized by a relatively high degree of fiscal stringency. We test this hypothe...

The present study aims to explore the causal relationship among economic growth energy consumption and urbanization environmental quality in ASEAN-5 countries. current conduct time series analysis countries using granger casualty model consisting data set from 1980 2018. outcomes of reveals that urban population cause CO2 emission suggested should reduce utilization fossil fuel based induct rob...

We exploit scanner data to track payment choice for grocery purchases for a large panel of households over three years. We show that households focus most of their expenditures on one or at most two of these instruments in choosing between using cash, a check, or a card, and they very rarely switch. We focus particularly on the role of expenditure size in determining payment choice. While the u...

In this paper, the equivalence scale elasticity will be estimated by using individual panel data on income satisfaction from the German Socio-Economic Panel Study (GSOEP). Satisfaction or happiness data have been more frequently used by economists in recent years to analyze individual well-being. The approach differs from other subjective approaches as respondents are requested to evaluate curr...

JEL classification: C14 C23 AMS subject classifications: 62G08 62G20 62P20 Keywords: Varying coefficient models Fixed effects Panel data Local linear regression Oracle efficient estimator Within estimator Profile least squares estimator a b s t r a c t In this paper, we consider the nonparametric estimation of a varying coefficient fixed effect panel data model. The estimator is based in a with...

the relationship between technology and international competitiveness dates back to the neo-technological trade theories of the 1960s. this approach considers difference in technology as the primary motive for difference among nations in terms of trade performance. the technology gap approach emphasizes inter-country differences in innovativeness as the basis for international trade flows. the ...

ABSTRACT Little is known about the factors that influence whistleblowing for contingent workers. This study compares intentions of 146 traditional full-time and We find workers are significantly less likely to whistleblow than Some these differences in appear be due feelings powerlessness, organizational citizenship behavior, commitment have relation their organizations. offer future research i...

Many document classification applications require human understanding of the reasons for data-driven classification decisions: by managers, client-facing employees, and the technical team. Predictive models treat documents as data to be classified, and document data are characterized by very high dimensionality, often with tens of thousands to millions of variables (words). Unfortunately, due t...