摘要:

AbstractIn this paper I evaluate a number of training, recruitment and employment programmes. The evaluation method is a combination of a quasi‐experimental design (a simple pre‐treatment‐post‐treatment design) and a stochastic process model to describe the response variables. I conclude that the programmes have no effect on older workers. Female and minority workers benefit most from the programmes. The training programmes are less effective than the recruitment programmes, which are in turn less effective than the employment pro

ISSN:0883-7252    

DOI:10.1002/jae.3950010202

出版商:Wiley Subscription Services, Inc., A Wiley Company    

年代:1986

数据来源: WILEY

摘要:

AbstractInference in the inequality constrained normal linear regression model is approached as a problem in Bayesian inference, using a prior that is the product of a conventional uninformative distribution and an indicator function representing the inequality constraints. The posterior distribution is calculated using Monte Carlo numerical integration, which leads directly to the evaluation of expected values of functions of interest. This approach is compared with others that have been proposed. Three empirical examples illustrate the utility of the proposed methods using an inexpensive 32‐bit microcompute

ISSN:0883-7252    

DOI:10.1002/jae.3950010203

出版商:Wiley Subscription Services, Inc., A Wiley Company    

年代:1986

数据来源: WILEY

摘要:

AbstractThe purpose of this paper is to attempt to provide measures of the relative importance of the principal causes of the failure of the monetary model of the exchange rate. Secondly, the random walk hypothesis for the exchange rate is tested. The methodology employed is new and has wide application elsewhere. It involves explicitly modelling the misspecification by time series techniques. The results confirm the importance of the breakdown of the PPP assumption but they also show that misspecification of the money market is equally important. The results further show that lagged information can also improve upon the random walk model of the exchange rate.

ISSN:0883-7252    

DOI:10.1002/jae.3950010204

出版商:Wiley Subscription Services, Inc., A Wiley Company    

年代:1986

数据来源: WILEY

摘要:

AbstractIt is widely believed that the large econometric models cannot be used for forecasting without considerable intervention on the part of the forecaster. In this paper we challenge this view by reproducing a number of recent forecasts published by the National Institute but without thead hocinterventions used at the time. We show that in no case would the forecast, produced by the model used mechanically, have been radically different from that actually published. Further, in an ex‐post comparison against actual out‐turns, the mechanical model forecast is not obviously dominated by the published vers

ISSN:0883-7252    

DOI:10.1002/jae.3950010205

出版商:Wiley Subscription Services, Inc., A Wiley Company    

年代:1986

数据来源: WILEY

摘要:

AbstractThis paper reformulates the consumer's decision‐making problem in a temporary framework with and without quantity constraints in the labour market in such a way as to define a complete demand system which includes consumption, labour and saving. Then, based on American and Canadian data (1948–1980), this extended complete demand system is estimated usinga prioritheoretical properties. Quantity constraints in the labour market cannot be rejected, and marginal propensities to consume out of labour income are very different from the marginal propensities out of non‐labour income. Temporal separability is rejected and Slutsky conditions are pres

ISSN:0883-7252    

DOI:10.1002/jae.3950010206

出版商:Wiley Subscription Services, Inc., A Wiley Company    

年代:1986

数据来源: WILEY

ISSN:0883-7252    

DOI:10.1002/jae.3950010207

出版商:Wiley Subscription Services, Inc., A Wiley Company    

年代:1986

数据来源: WILEY

ISSN:0883-7252    

DOI:10.1002/jae.3950010201

出版商:Wiley Subscription Services, Inc., A Wiley Company    

年代:1986

数据来源: WILEY