Mostrando recursos 1 - 20 de 1.797

  1. Arithmetische Politik und ökonomische Moral. Zur Genealogie der Sozialwissenschaften in England

    Hamberger, Klaus; Katzmair, Harald
    Series: Department of Economics Working Paper Series

  2. Pigou's Macroeconomics of Unemployment (1933): A Simple Model

    Klausinger, Hansjörg
    Series: Department of Economics Working Paper Series

  3. Measuring the Importance of International Production: The Re-estimation of Foreign Direct Investment at Current Values

    Bellak, Christian; Cantwell, John
    Series: Department of Economics Working Paper Series

  4. Data Envelopment Analysis in a Stochastic Setting: The right answer from the wrong model?

    Gstach, Dieter
    Data envelopment analysis (DEA) is compared to stochastic production function estimation (SPFE) in a noisy setting. The statistic of interest is the average efficiency estimator. Monte-Carlo simulations show that the mean squared error of the DEA-estimator even for considerable noise remains below the MSE of the SPFE analogue. A bootstrapping approach is designed to get some first-step statistical underpinning of this DEA average efficiency estimator. The coverage of the bootstrapping approximation to the distribution of this estimator is shown to be fairly good.

  5. Tax and Spend or Spend and Tax? An International Study

    Stiassny, Alfred; Koren, Stefan
    Series: Department of Economics Working Paper Series

  6. A Note on Frequency Domain Properties of Estimated VARs

    Stiassny, Alfred
    Series: Department of Economics Working Paper Series

  7. Gerwerkschaften in einem Cournot-Duopol. Sequentielle vs. simultane Lohnverhandlungen

    Grandner, Thomas
    Series: Department of Economics Working Paper Series

  8. Die Klassische Ökonomie und die Keynessche Alternative. Revision eines Mythos?

    Klausinger, Hansjörg
    Series: Department of Economics Working Paper Series

  9. Scale Efficiency: Where Data Envelopment Analysis Outperforms Stochastic Production Function Estimation

    Gstach, Dieter
    Robustness of DEA scale efficiency scores is investigared in the context of non-radial efficency measures. Most efficient scales are identified with DEA's refernce firms instead of traditional clustering techniques.The systematic difference between single- and multi-output technologies as concerns most efficient scales is then examined by comparing applied DEA results. These provide evidence in favor of my proposition, that single-output techniques, like stochastic production function estimation, yield upwardly biased most efficient scales.

  10. TVP - Ein Programm zur Schätzung von Modellen mit zeitvariierenden Parametern

    Stiassny, Alfred
    Series: Department of Economics Working Paper Series

  11. Ost-West-Migration ohne Steuerungsmöglichkeiten?

    Wilfried , Altzinger
    Series: Department of Economics Working Paper Series

  12. Employment, productivity, output and minimum wage in Austria: a time series analysis

    Ragacs, Christian
    This paper evaluates stylised facts for the Austrian industry. I execute a time series analysis for minimum wage, productivity, output and employment. Tests for cointegration and Granger-causality are done. The results are in contrast to most empirical studies that analyse the empirical effects of minimum wages on employment. Especially no negative impact of minimum wage on employment was found.

  13. Minimum Wages in Austria: Estimation of Employment Functions

    Ragacs, Christian
    Minimum wages in Austria are bargaining results between labour unions and entrepreneurs. This paper analyses the empirical effects of minimum wages ("Kollektivvertragslöhne") on employment. "Employment functions", based on a "neo-classical" partial analytic framework, are estimated. The empirical analysis that is done for aggregated Austrian industry and specific branches at first sight seems to support the standard theoretical thesis. In addition, problems caused by the used method, which may occur in similar studies too, are shown. They give rise to the possibility that models of this kind are misspecified.

  14. The Validity Issue in Applied General Equilibrium Tax Models

    Scharmer, Felicitas
    Series: Department of Economics Working Paper Series

  15. A Comparison of the Construction Industry in Europe, Characteristics, Governance, Performance and Future Perspectives

    Unger, Brigitte; Frans, Van Waarden
    Series: Department of Economics Working Paper Series

  16. Outsiders' Responce to Europe 1992. Case of Austria

    Bellak, Christian
    This paper deals with the response of outsider countries to the EC'92 single-market act. The theory developed by Hirsch, Almor (1992) is tested with Austrian data. Several hypotheses on the change in the geographical orientation of firms since 1987, in particular the increase of foreign direct investment (FOi) into EC in order to overcome likely barriers to entry after completion of EC'92 is confirmed. Uncertainty concerning the EES agreement and Austrian membership in EC lead to a sharp increase of Austrian FOi in relation to domestic investment. Yet, a substantial share of total FDI flow was accounted for by the only...

  17. Cost-Sharing of General and Specific Training with Depreciation of Human Capital

    Pichler, Eva
    The paper demonstrates that in a two-period model with imperfect capital markets firms will share the costs and returns of general training if human capital depreciates over time. Analyzing the firm's choice of the level of investment and the sharing-rule, it is shown that in spite of cost-sharing there will be an inefficient provision of general training: firms will economize on training in order to reduce workers' expected gain from quitting. If training is both general and firm-specific, overinvestment in firm-specific training will result.

  18. Neural Networks in the Capital Markets: An Application to Index Forecasting

    Helmenstein, Christian; Häfke, Christian
    In this article we construct an Index of Austrian Initial Public Offerings (IPOX) which is isomorph to the Austrian Traded Index (ATX). Conjecturing that the ATX qualifies as an explaining variable for the IPOX, we investigate the time trend properties of and the comovement between the two indices. We use the relationship to construct a TJ.eural network and a linear error-correction forecasting model for the IPOX and base a tracling scheme on either forecast. The results suggest that trading based on the forecasts significantly increases an investor's return as compared to Buy and Hold or simple Moving Average trading strategies.

  19. Comparing Structural Efficiency of Unbalanced Subsamples: A Resampling Adaptation of Data Envelopment Analysis

    Gstach, Dieter
    At a general level the question is adressed, how to compare structural efficiencies for subgroups in the framework of data envelopment analysis. If a multiproduct technology is employed in estimating the production possibility frontier and if the subgroups are distinguished by products, then specific problems arise. It is illustrated by Monte-Carlo techniques that there may be considerable bias in relative structural efficiencies due to unbalanced numbers of observations for different subgroups. A resampling procedure is shown to outperform the simple estimators from data envelopment analysis in such circumstances. The method proposed is applied to austrian farming data to derive conclusions about the relationship...

  20. Europäische Währungsunion und Konsequenzen für die Kollektivvertragspolitik

    Marterbauer, Markus
    Series: Department of Economics Working Paper Series

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