American Economic Association A Child ’s Guide to Rational Expectations Author(s): Rodney Maddock and Michael Carter Reviewed work(s): Source: Journal of Economic Literature‚ Vol. 20‚ No. 1 (Mar.‚ 1982)‚ pp. 39-51 Published by: American Economic Association Stable URL: http://www.jstor.org/stable/2724658 . Accessed: 30/07/2012 13:35 Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use‚ available at . http://www.jstor.org/page/info/about/policies/terms.jsp
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Homework in “International Economics” 1. The Heckscher-Ohlin model The Heckscher-Ohlin model is a mathematical model of the international trade and its balance. It is established upon the theory of David Ricardo for the competitive advantage and it strives to predict the arrangements of the international trade and production‚ which are based on the capacity of a given country to trade. Its essence consist in the statement that the countries that produce‚ will be exporting the goods‚ which
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Characteristics of market economy The Resources Needed to Create Wealth What is needed to create wealth? Within the marketplace‚ there are many resources that go into the production (input) of goods and services. These resources can be grouped into four categories. These categories are land‚ labor‚ capital‚ and entrepreneurial ability. The land category consists of not just land‚ but all natural resources‚ water and air. Labor is all the work that is performed by man. Capital is industrial
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pursue further studies in Economics. During my under graduate days I equipped myself as best as I could‚ with various tools used in economic analysis. I obtained rigorous training in mathematics‚ micro and macroeconomics‚ economic development‚ econometrics and game theory. After completing the program‚ I joined Globacom Nigeria limited a telecommunication firm that made me see how human capital investment is being geared towards enhancing growth and development and how one might use economics to
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and evaluate the impact of RMB appreciation on Sino-US trade according to economic theory as well as data available. In this proposal‚ I shed light on the relationship between the exchange value of RMB and Sino-U.S trade by means of some recent econometric techniques designed to evaluate the influence of RMB exchange rate towards Sino-U.S trade structure. Exchange rate‚ exerting a profound effect on a country’s export and import in the open economy‚ is a most essential variable of one country’s economy
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Kyoo il Kim Department of Economics University of Minnesota Introduction to Econometrics‚ Econ4261 Spring 2013 P ROBLEM S ET 1 (D UE F EBRUARY 7‚ T HURSDAY IN CLASS ) Answer the Followings 1. Calculate: a) E[X]‚ E[Y ] b) V ar[X]‚ V ar[Y ] c) Cov[X‚ Y ] d) ρ(X‚ Y ) from the distribution below Y =1 X = 5000 X = 10‚ 000 X = 15‚ 000 0 1/8 1/3 Y =0 1/4 1/8 1/6 (1) 2. Suppose E[X] = 1 and E[Y ] = 2 and suppose X and Y are independent. Evaluate: a) E[2X + 1] b) E[X + Y ] c) E[X − 2Y ] d) E[XY
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How Tax Policy and Incentives Affect Foreign Direct Investment A Review By Jacques Morisset1 And Neda Pirnia 1 Foreign Investment Advisory Service (FIAS)‚ a joint service of the International Finance Corporation and the World Bank. The opinions and arguments expressed are the sole responsibility of the authors and do not necessarily reflect those of the above institutions. We would like to thank Bijit Bora‚ Gokhan Alkinci and Carl Aaron for their comments. To be published in “New Directions
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Management Expertise: health economics Bio: Jean Abraham received her Ph.D. in public policy analysis and management from CarnegieMellon University. Her research specialties include health economics and policy‚ industrial organization‚ and applied econometrics. Her current research interests include household decisionmaking with respect to employerbased health insurance‚ welfare analysis of health care choice‚ employer health benefit design‚ and hospital market competition issues. JAMES W. BEGUN
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Phillips Yale University‚ University of Auckland‚ University of Southampton & Singapore Management University Shu-Ping Shi The Australian National University Jun Yu Singapore Management University July 28‚ 2013 Abstract Recent work on econometric detection mechanisms has shown the e¤ectiveness of recursive procedures in identifying and dating …nancial bubbles. These procedures are useful
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of all accidents‚ simply because we were not on the scene of the accident. There are many different reasons why fatal car accidents occur. Some accidents involve distractions‚ alcohol consumption‚ road hazards‚ or inclement weather. In this econometric paper‚ the goal is to determine why fatal car accidents occur and what we can do to prevent a possible fatal accident from occurring. II. Empirical Model Specification The following empirical equation is used to determine fatal car accidents
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