[PDF] Essays In Political Economy And Applied Econometrics eBook

Author : Pablo J. Garofalo
Publisher :
Page : pages
File Size : 37,76 MB
Release : 2014
Category : Public economics and applied econometrics
ISBN :

GET BOOK

This dissertation is comprised of two essays in political economy and one in micro-econometrics. Each of them proposes an alternative methodology to improve on the estimation of a specific economic phenomenon. The first essay studies the political allocation of US federal resources to localities taking into consideration that the states are also actively involved in allocating resources to localities. I found that federal funds are biased towards localities within states that are not represented by the same party as the one that represents the federal government. This finding implies that a strategic federal government takes into account that non-aligned states have different spending priorities. These results suggest that past research on the allocation of federal resources to localities has shown biased estimates when the political allocation of resources is not studied in the context of a multi-layered government environment. The second essay exploits the existence of extended interlude periods (i.e., time between elections and government change date) from Latin American countries to identify a causal effect of a change in the probability of electoral defeat on a change in the budget deficit. Theoretical studies on the strategic use of debt argue that governments issue more debt when facing a higher probability of electoral defeat. Testing this hypothesis has proven challenging since measures of that probability are potentially endogenous. Since my identification strategy is focused on identifying the effects of electoral surprises, I provide a plausible source of exogenous variation. I find that the higher the increase in the probability of electoral defeat (victory), the larger the increase (decrease) in the deficit. The third essay studies the properties of a maximum likelihood estimator (MLE) of dynamic panel data models with fixed effect when difference GMM methods suffer from weak identification. While previous studies propose moments to solve the weak identification under difference GMM for stationary processes only, this study shows that MLE solves the weak identification issue not only when the process is stationary, but also when it is not.

Author : David P. Levine
Publisher : Routledge
Page : 155 pages
File Size : 12,67 MB
Release : 2005-06-23
Category : Business & Economics
ISBN : 1134706820

GET BOOK

This book explores the way political economy understands human motivation. In it, the author argues that the assumptions typically made by economists regarding want and choice cannot adequately lay a foundation for answering important questions about the design of economic institutions and the appropriate use of markets. This volume offers an exciting and unusual contribution to political economy, offering a novel integration of the insights of political economy, philosophy, and psychology, applying them to vital foundational issues in political economy.

Author : James Alleman
Publisher : Springer Nature
Page : 341 pages
File Size : 36,42 MB
Release : 2020-05-16
Category : Science
ISBN : 3030406016

GET BOOK

Gary Madden was a renaissance man with respect to the nexus between information and communications technology (ICT) and economics. He contributed to a variety of fields in ICT: applied econometrics, forecasting, internet governance and policy. This series of essays, two of which were co-authored by Professor Madden prior to his untimely death, cover the range of his research interests. While the essays focus on a number of ICT issues, they are on the frontier of research in the sector. Gerard Faulhaber provides a broad overview of how we have reached the digital age and its implications. The applied econometric section brings the latest research in the area, for example Lester Taylor illustrates how own-price, cross-price and income elasticities can be calculated from survey data and translated into real income effects. The forecasting section ranges from forecasting online political participation to broadband’s impact on economic growth. The final section covers aspects of governance and regulation of the ICT sector.

Author : John Elliot Cairnes
Publisher : Wentworth Press
Page : 0 pages
File Size : 22,63 MB
Release : 2019-03-04
Category : Currency question
ISBN : 9780526839513

GET BOOK

This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

Author : John Elliott Cairnes
Publisher : Forgotten Books
Page : 445 pages
File Size : 16,28 MB
Release : 2015-06-26
Category : Business & Economics
ISBN : 9781330221341

GET BOOK

Excerpt from Essays in Political Economy: Theoretical and Applied The following Essays have appeared in various periodicals at intervals in the course of the last fourteen years. They consist in part of attempts to apply the principles of economic science, as that science has been understood by the ablest writers in this country and in France, to the solution of actual problems, of which those presented by the Californian and Australian gold discoveries, and by the state of land tenure in Ireland, are the most important. So much of the volume may not improperly be described as Essays in Applied Political Economy. The remaining Essays deal mostly with topics of a theoretical kind; one - Political Economy and Laissez-faire - is expository of the character of economic science, and two - those on Comte and Bastiat - are critical and to some extent controversial. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Author : Sam Stuart
Publisher : Elsevier
Page : 671 pages
File Size : 13,49 MB
Release : 2014-05-16
Category : Business & Economics
ISBN : 1483185753

GET BOOK

On Political Economy and Econometrics: Essays in Honor of Oskar Lange is a commemorative publication to celebrate the achievements of Polish economist and diplomat Oscar Lange. The book is a collection of papers that tackles various issues in economy. The coverage of the text includes articles that deal with economic problems and concerns, such as the problem of monetary liquidity; research on the measures of inequality and concentration; and consumer's sovereignty in a planned economy. The book also presents materials about various methods employed in managing economy, such as stochastic linear programming and its application to economic planning; the application of statistical and mathematical methods in studies of the allocation of productive powers; and on the control of production and investment in socialism. The text will be of great interest to economists, sociologists, political scientists, and game theorists.

Author : L.R. Klein
Publisher : Springer Science & Business Media
Page : 274 pages
File Size : 27,37 MB
Release : 2012-12-06
Category : Business & Economics
ISBN : 9400904630

GET BOOK

Lawrence Klein, University of Pennsylvania Jaime Marquez, Federal Reserve BoarrI* All examination of the economics literature over the last twenty years reveals a marked tendency towards polarisation. On the one hand, there has been a propensity to develop theoretical models which have little connection with either empirical verification or problems requiring immediate attention. On the other iland, empirical analyses are generally typified by testing for its own sake, with limited examination of the implications of the results. As a result, the number of papers confronting theory with facts towards the solution of economic problems has been on the decline for years. To fill this growing gap in the literature, we have invited a number of authors to write papers using both theoretical and empirical techniques to address current issues of interest to the profession at large: the US trade deficit and the global implications of policies that attempt to reduce it, the international ramifications of the debt crisis, the international oil market and its implications for the US oil industry, and the development of new econometric techniques. In addressing these issues, each author has approached the subject matter from an eclectic standpoint - that is, avoiding strict adherence to a given doctrine.

Author : Warren J. Samuels
Publisher : Springer
Page : 374 pages
File Size : 18,60 MB
Release : 1992-06-18
Category : Political Science
ISBN : 1349123773

GET BOOK

Contains a collection of articles applying fundamental concepts of power, property, regulation and the compensation principle to contemporary topics: the wealth maximization hypothesis, the Coase theorem, public utility regulation, and other topics in law and economics.

Author : Rudolf Richter
Publisher : Springer
Page : 217 pages
File Size : 22,8 MB
Release : 2015-04-29
Category : Business & Economics
ISBN : 3319141546

GET BOOK

This collection of essays comprises some of Rudolf Richter’s important contributions to research on New Institutional Economics (NIE). It deals with the central idea, principles, and methodology of New Institutional Economics and explores its relation to sociology and law. Other chapters examine applications of NIE to various microeconomic and macroeconomic issues in the face of uncertainty, from entrepreneurship to the euro crisis.