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Registros recuperados: 6
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“Google it!” Forecasting the US Unemployment Rate with a Google Job Search index AgEcon
D’Amuri, Francesco; Marcucci, Juri.
We suggest the use of an Internet job-search indicator (the Google Index, GI) as the best leading indicator to predict the US unemployment rate. We perform a deep out-of-sample forecasting comparison analyzing many models that adopt both our preferred leading indicator (GI), the more standard initial claims or combinations of both. We find that models augmented with the GI outperform the traditional ones in predicting the monthly unemployment rate, even in most state-level forecasts and in comparison with the Survey of Professional Forecasters.
Tipo: Working or Discussion Paper Palavras-chave: Google Econometrics; Forecast Comparison; Keyword search; US Unemployment; Time Series Models; Labor and Human Capital; C22; C53; E27; E37; J60; J64.
Ano: 2010 URL: http://purl.umn.edu/60680
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Does Common Agricultural Policy Reduce Farm Labour Migration? A Panel Data Analysis Across EU Regions AgEcon
Olper, Alessandro; Raimondi, Valentina; Cavicchioli, Daniele; Vigani, Mauro.
This paper deals with the determinants of labour out-migration from agriculture across 153 EU regions over the 1990-2008 period. The central aim is to shed light on the role played by CAP payments on this important adjustment process. Using static and dynamic panel data methods, we show that standard neo-classic drivers, like the relative income and the relative labour share, represented significant determinants of the inter-sectoral migration of the agricultural labour. Overall, CAP payments have contributed significantly to job creation in agriculture, although the magnitude of the economic effect is quite small. Moreover, Pillar I subsidies have exerted an effect from three to five times stronger than Pillar II payments.
Tipo: Conference Paper or Presentation Palavras-chave: Out-farm Migration; CAP Payments; Labour Markets; Panel Data Analysis; Agricultural and Food Policy; Labor and Human Capital; Q12; Q18; O13; J21; J43; J60.
Ano: 2011 URL: http://purl.umn.edu/114597
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Fundamentals Versus Beliefs under Almost Common Knowledge AgEcon
Karp, Larry S..
Modern economic growth models show that the equilibrium outcome may depend on agents' beliefs (expectations) rather than on economic fundamentals (history). In this situation, the equilibrium is indeterminate. However, if agents have "almost common knowledge" rather than common knowledge about the economic fundamentals, this indeterminacy vanishes in one of these models, under certain restrictions. In this situation, the unique competitive equilibrium can be influenced by government policy, just as in standard models.
Tipo: Working or Discussion Paper Palavras-chave: Equilibrium selection; History versus expectations; Economic growth; Common knowledge; Almost common knowledge; Non-convex technology; International Development; Resource /Energy Economics and Policy; D70; D82; D84; J60.
Ano: 2000 URL: http://purl.umn.edu/25006
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Youth Unemployment Challenges in Mining Areas of Ghana AgEcon
Sarfo-Mensah, Paul; Adjaloo, M.K.; Donkor, P..
Ghana, like the rest of West Africa is experiencing tremendous human migration both internally and across international boundaries. Rural-urban migration has assumed uncontrollable dimensions in the sub-region and the social consequences have become major development challenge. In Ghana the mining communities have been at the receiving end for some time now. This study on the Obuasi Municipal Assembly (OMA) in the Ashanti region of Ghana explores the tremendous socioeconomic changes, especially demographic patterns as a result of the inflows of migrants into the Obuasi Township and its catchment area in search of non existing jobs especially in mining. A major outcome is the serious unemployment problem in the township with all the attendant social vices....
Tipo: Working or Discussion Paper Palavras-chave: Illegal Mining; Unemployment; AngloGold Ashanti; Social Vices; Agriculture; Mining Communities; Migration; Labor and Human Capital; J60; J61.
Ano: 2009 URL: http://purl.umn.edu/56215
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Why do People Stay? Insider Advantages and Immobility AgEcon
Fischer, Peter A.; Holm, Einar; Malmberg, Gunnar; Straubhaar, Thomas.
The low mobility of people in Europe is considered a problem for adjustment to asymmetric shocks and regional convergence in the European Monetary Union. We suggest a complement to the traditional migration theories, the insider advantages approach to explain why most Europeans prefer to stay. Staying immobile they have accumulated work- and leisure-oriented insider advantages that are location-specific and would be lost in the case of emigration. Therefore, the longer people have stayed - and the more insider advantages they have accumulated -, the less likely they are to move. Using a new micro dataset covering all people resident in Sweden in 1994 and their mobility experience since 1985, we find a strong positive duration dependence of the probability...
Tipo: Working or Discussion Paper Palavras-chave: Labor and Human Capital; F22; J60; R23.
Ano: 2000 URL: http://purl.umn.edu/26310
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The Dynamics of Chinese Rural Households' Participation in Labor Markets AgEcon
Glauben, Thomas; Herzfeld, Thomas; Wang, Xiaobing.
The work focuses on the frequency of each possible transition between labor market participation regimes of rural Chinese households. A continuous hazard approach is applied to empirically evaluate factors, as household, farm, and regional characteristics affecting the frequency of transition between labor market participation states. Results suggest that there are frequent changes of labor market participations regimes among the househo lds. Given the change in external conditions and other factor end owments this might indicate that households quickly response in allocating labor in order to equilibrate the resources. Further, we find that there are good chances climbing out of autarky; however the probability to fall in autarky was also remarkable over...
Tipo: Conference Paper or Presentation Palavras-chave: Labor market participation; Dynamic analysis; China; Hazard model; Rural households; Labor and Human Capital; C41; J60; Q12.
Ano: 2006 URL: http://purl.umn.edu/25751
Registros recuperados: 6
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