Browsing Τμήμα Οικονομικών / Department of Economics by Subject "model"
Now showing items 1-5 of 5
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Article
Demographic versus expenditure flexibility in Engel curves
(2008)We consider the effects of demographic and expenditure variables on consumer demand in a system of Engel curves using a smooth coefficient semiparametric model where the expenditure effects on the budget shares vary ...
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Dynamic analysis of British demand for tourism abroad
(2000)This paper investigates how preference endogeneity, in the form of habit persistence, can affect short-run and long-run tourism expenditure decisions. The proposed model is applied to British quarterly data over the period ...
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Article
Global versus local shocks in micro price dynamics
(2016)A number of recent papers point to the importance of distinguishing between the price reaction to macro and micro shocks. We emphasize instead the importance of distinguishing between global and local shocks. We exploit a ...
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Article
The local Solow growth model
(2001)This paper generalizes the empirical analysis of the Solow growth model to account for country-specific heterogeneity. This generalization relaxes the assumption made in bulk of empirical growth studies that all countries ...
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Welfare effects of migration in societies with indirect taxes, income transfers and public good provision
(2001)We construct a general equilibrium trade model of a two-class small open host or source country. When consumption tax revenue finances the provision of a public good, marginal migration reduces social welfare in the source ...