In over three decades, Bangladesh has witnessed substantial growth in its export of goods and services. 1 Over this period economic growth has accel-erated with GDP initially recording an average growth rate of below 3% in the early 1970s... more
In over three decades, Bangladesh has witnessed substantial growth in its export of goods and services. 1 Over this period economic growth has accel-erated with GDP initially recording an average growth rate of below 3% in the early 1970s and rising to 5% during the 1990s. 2 ...
We develop a generalized impulse response function for the fractionally integrated vector autoregressive (FIVAR) model using the Pesaran and Shin (1998) approach. Our method is different from the methodology shown in Chung (2001) since it... more
We develop a generalized impulse response function for the fractionally integrated vector autoregressive (FIVAR) model using the Pesaran and Shin (1998) approach. Our method is different from the methodology shown in Chung (2001) since it does not require us to orthogonalize the error vector and, therefore, is independent of the ordering of the endogenous variables in the FIVAR. Being consistent with the long memory behaviour, we show that generalized and orthogonalized impulse responses of FIVAR evolve slowly at the same hyperbolic rates. However, we also note that they are different in a number of respects.
Are workers with a university degree increasingly filling job openings meant for people with lower schooling? This article uses a remarkable linked employer–employee dataset on Portugal. Results do not lend support to the recent... more
Are workers with a university degree increasingly filling job openings meant for people with lower schooling? This article uses a remarkable linked employer–employee dataset on Portugal. Results do not lend support to the recent skepticism over investment in higher education.
It is generally understood that as a country develops, it devotes greater resources to safety, including implementing precautionary measures designed to reduce the impacts of natural disasters. With the recent devastating human and... more
It is generally understood that as a country develops, it devotes greater resources to safety, including implementing precautionary measures designed to reduce the impacts of natural disasters. With the recent devastating human and economic impacts of the tsunami in Southeast Asia ...
... These long-run coefficients are estimated by the ARDL approach to cointegration of Pesaran and Shin (1999). ... However, over the remaining periods we elected to use the autoregressive distributed lag (ARDL) approach to cointegration... more
... These long-run coefficients are estimated by the ARDL approach to cointegration of Pesaran and Shin (1999). ... However, over the remaining periods we elected to use the autoregressive distributed lag (ARDL) approach to cointegration ( Pesaran and Pesaran). ...
This article describes a methodology to calculate a Spatial Cost of Living (SCOL) index using the Colombian data for 2006 that considers the microeconomic behaviour of households. Estimating an Almost Ideal Demand System (AIDS) to recover... more
This article describes a methodology to calculate a Spatial Cost of Living (SCOL) index using the Colombian data for 2006 that considers the microeconomic behaviour of households. Estimating an Almost Ideal Demand System (AIDS) to recover the expenditure function of the 23 main Colombian cities, the index is compared to the fixed basket approach and to an alternative methodology proposed by Romero (2005). This comparison suggests that the index is biased when the substitution effects are not considered, and this bias increases when the difference in expenditure levels between cities increases. According to our calculations, Bogota is still the most expensive city in the country.
