Search results for "Row"
showing 10 items of 9311 documents
The REMSDB Macroeconomic Database of The Spanish Economy
2007
This paper presents a new macroeconomic database for the Spanish economy, REMSDB. The construction of this database has been oriented to conducting medium-term simulations for policy evaluation with the REMS model, a large Rational Expectations macroeconomic Model for Spain. The paper provides a detailed description of the data and documents its main statistical properties. The database is thought to be of major interest to related applications,whether strictly associated with the REMS model or, rather, with empirical macroeconomic studies.
Potential Growth and Business Cycle in the Spanish Economy: Implications for Fiscal Policy
2007
An accurately estimation of the cyclical position of an economy is a necessary condition for the success of fiscal stabilisation policies. In this paper we show that the estimation of the output gap by means of decomposing a production function produces similar results to univariate and multivariate methods, increasing their robustness and allowing us to conclude that most of the information on the economic cycle is included in the cyclical component of the unemployment rate. The results also indicate that there is reduced uncertainty about the periods when the Spanish economy has clearly been in a deep recession or in a sharp expansion. These periods have been limited and of relatively sho…
The impact of budget deficit on the economic development of Romania
2012
This paper empirically analyzes the impact of budget deficit on the economic development of Romania. Using the OLS estimates for quarterly series for the period from 2001 to 2011, the results of the estimates prove that there is an indirect relationship between budget deficit and economic growth of Romania. According to the best statistically significant model from the three different model tested, we reached the result that one percent rise of budget deficit gives a 1.36 percent fall in real GDP. This result sustains the neoclassical hypothesis and is against the Keynesist hypothesis or the Ricardian equivalence.
THE IMPACT OF FISCAL POLICY ON ECONOMIC GROWTH IN THE COUNTRIES OF EASTERN EUROPE
2015
This paper deals with the effects of fiscal policy on economic growth in 10 countries of Eastern Europe. For this analysis we to use two regression models. The results of the first model provide information on the factors that influence economic growth. Thus, direct taxes, indirect taxes, total income taxes, social contributions and the economic crisis had an effect on economic growth. Of these variables, total taxable income had a positive effect and indirect taxes and social contributions had a direct negative effect on economic growth. In the second model, the analysis confirmed that a significant effect on economic growth have had other direct taxes, social contributions of the employer…
Inequality and poverty in a developing economy: Evidence from regional data (Spain, 1860-1930)
2015
Apart from measuring inequality and poverty at the provincial level in Spain between 1860 and 1930, this paper empirically assesses the relationship between economic growth and both inequality and destitution. The results, on the one hand, confirm the presence of a KuznetsÕ curve. However, although growing incomes did not directly contribute to reducing inequality, at least during the early stages of modern economic growth, other processes associated with economic growth significantly improved the situation of the bottom part of the population. On the other hand, growing incomes and lower inequality levels are shown to have been pro-poor.
Global Divergence in Growth Regressions
2013
This paper extends the standard growth regression model by adding an assumption that a country follows the global technology frontier either fully or partially. This additional assumption changes significantly the growth regression model and its results in three main ways. First, it shows that although a country converges to its long-run growth path, this path can diverge from the countries at the global frontier. We measure the degree of divergence for each country and find that most indeed diverge from the frontier. Second, we estimate growth dynamics without controlling for additional variables. Third, our new method enables us to disentangle the effects of the explanatory variables on t…
Neoclassical Growth, Environment and Technological Change: The Environmental Kuznets Curve
2009
The paper investigates socially optimal patterns of economic growth and environmental quality in a neoclassical growth model with endogenous technological progress. In the model, the environmental quality affects positively not only to utility but also to production. However, cleaner technologies can be used in the economy whether a part of the output is used in environmentally oriented R&D. In this framework, if the initial level of capital is low then the shadow price of a cleaner technology is low relative to the cost of developing it given by the marginal utility of consumption and it is not worth investing in R&D. Thus, there will be a first stage of growth based only on the accumulati…
Company values guiding the recruitment of employees with a foreign background
2019
Purpose In this paper, the following research question is addressed: Why do business organisations recruit employees with a foreign background? This was examined in terms of the values that guide organisations and their management. The paper aims to discuss this issue. Design/methodology/approach The study focused on two businesses in Finland that are pioneers in the recruitment of immigrants. A case study approach was adopted. The research data consist of interviews and documentary data. The data were analysed using content analysis in accordance with grounded theory. Findings Companies can act as an enabling force in the integration of immigrants into the local labour market, especially …
Joukkoistamisen käyttö vaatimusmäärittelyssä : tapaustutkimus
2017
Tämän pro gradu -tutkielman lähtökohta oli tutkia, miten joukkoistamista voidaan käyttää vaatimusmäärittelyssä. Kirjallisuuskatsauksen lisäksi luotiin joukkoistetun vaatimusmäärittelyn malli sekä tehtiin tapaustutkimus KoiraNet jalostustietojärjestelmän MH-luonnekuvausta koskevaan dataan liittyvien käyttötarpeiden selvittämisestä ja joukkoistetusta vaatimusmäärittelystä. Joukkoistaminen tapahtui projektia varten luodussa Facebook-ryhmässä, johon saatiin avoimella kutsulla kaikkiaan 107 jäsentä. Tutkimuksen tuloksiin lukeutui paitsi kerätyt vaatimukset, myös joukon aktiivisuudesta tehdyt määrälliset havainnot. Joukkoistamalla kerättyjen vaatimusten laadun arvioimiseksi suoritettiin erilliset…
Landelinus, l’auteur de la plaque-boucle mérovingienne au Christ de l’Apocalypse découverte à Ladoix-Serrigny (Côte-d’Or) serait-il saint Landeli…
2021
Cette note concerne l’exceptionnelle plaque-boucle au Christ cavalier de l’Apocalypse découverte à Ladoix-Serrigny et étudiée précédemment dans cette revue. Son objectif est de discuter l’hypothèse récemment émise selon laquelle saint Landelin, qui a vécu au VIIe siècle dans le nord de la Gaule, serait Landelinus, l’auteur de cet objet. Plusieurs arguments militent en faveur de cette interprétation qui nous paraît donc plausible, même si elle reste fragile. Il est également envisagé de localiser cette fabrication dans le prestigieux monastère de Luxeuil. Mais il s’agit là encore d’une hypothèse. This note concerns the exceptional buckle-plate to the Christ cavalier of the Apocalypse discove…