Sector-specific sticky wages and wage subsidy: a note

Article Abstract:

The effects of a wage subsidy in the model of less developed countries markedly vary from the effects generated from the Harris-Todaro-type frameworks. Furthermore, the ranking policies to boost welfare is likely to be substantially distinct in the model as opposed to the Harris-Todaro-type models. An urban wage subsidy in the Harris-Todaro model boosts urban employment which in exchange promotes greater rural to urban migration.

Economic research, Wages, Wages and salaries, Subsidies

---

A comparison of forecasts from UK economic models and some Bayesian vector autoregressive models

Article Abstract:

The accuracy of United Kingdom economic forecasting models in the presence of model change and economic volatility with a horizon of zero to four years ahead is examined. The Bayesian vector-autoregressive models are used as standards of comparison using variables of growth rate, inflation rate and level of unemployment. Results reveal accurate forecasts of UK econometric models at one time sequence over several horizons.

Econometrics & Model Building, United Kingdom, Economic policy, Econometrics, Business models, Autoregression (Statistics), Comparative economics

---

A cyclical characterization of economic activity in the United States, 1887-1940

Article Abstract:

A study of business cycles based on gross national product data+ allows definition of trends. The properties of the trends and inertia may be used to forecast turning points of business cycles for either recessions or recoveries. The articles provides direction for researching business cycles in other countries.

United States, Forecasts and trends, Business cycles

Similar abstracts:

• Abstracts: The effects of equity issues on ownership structure and stock liquidity: a comparison of rights and public offerings
• Abstracts: Civil society and social auditing. A cross-cultural comparison of British and Turkish managers in terms of Protestant work ethic characteristics
• Abstracts: Business ethics and a state-owned enterprise in China. Ethical and economic evaluations of consumption in contemporary China
• Abstracts: Non-steady-state equilibrium solution of a class of dynamic models. Industrial subsidies and technology adoption in general equilibrium
• Abstracts: Simple reordering techniques for expanding the convergence of first-order iterative techniques

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.