Offering a unifying theoretical perspective not readily available in any other text, this innovative guide to econometrics uses simple geometrical arguments to develop students' intuitive understanding of basic and advanced topics, emphasizing throughout the practical applications of modern theory and nonlinear techniques of estimation. One theme of the text is the use of artificial regressions for estimation, reference, and specification testing of nonlinear models, including diagnostic tests for parameter constancy, serial correlation, heteroscedasticity, and other types of mis-specification. Explaining how estimates can be obtained and tests can be carried out, the authors go beyond a mere algebraic description to one that can be easily translated into the commands of a standard econometric software package. Covering an unprecedented range of problems with a consistent emphasis on those that arise in applied work, this accessible and coherent guide to the most vital topics in econometrics today is indispensable for advanced students of econometrics and students of statistics interested in regression and related topics. It will also suit practising econometricians who want to update their skills. Flexibly designed to accommodate a variety of course levels, it offers both complete coverage of the basic material and separate chapters on areas of specialized interest.

Estimation and Inference in Econometrics

We investigate whether income inequality affects subsequent growth in a cross-country sample for 1965-90, using the models of Barro (1997), Bleaney and Nishiyama (2002) and Sachs and Warner (1997), with negative results. We then investigate the evolution of income inequality over the same period and its correlation with growth. The dominating feature is inequality convergence across countries. This convergence has been significantly faster amongst developed countries. Growth does not appear to influence the evolution of inequality over time. Outline

https://www.econstor.eu/bitstream/10419/81822/1/02-28.pdf

Economic growth and income inequality

What manner of organization is the National Bureau of Economic Research? How does it select research topics? Who does the work and what kind of tasks do they perform? Where do the funds come from? How does the National Bureau safeguard the scientific quality of its findings? How are the results disseminated? Visitors to the National Bureau often ask these and similar questions; perhaps the answers will be of interest to readers of the American Statistician. The National Bureau of Economic Research is a private non-profit corporation, formed, according to its charter, "to conduct, or assist in the making of exact and impartial investigations in the field of economic, social and industrial science, and to this end to cooperate with governments, universities, learned societies, and individuals." Hence it is not a government agency, nor an adjunct of a university, nor does it sell research services. The revenue from the only products it does sell, publications, barely covers the printing costs. Its funds are contributed by philanthropic foundations, by trade and professional organizations, by business concerns, trade unions, and individuals. Contributions are usually on a yearly basis, but some grants cover several years. Some of the funds are earmarked for specific studies; the balance goes to support a general program of research. The National Bureau is governed by a Board of Directors numbering about thirty, selected to represent various institutions and diverse points of view on economic problems. Over the years since the Bureau was founded in 1920 this body of men has made a significant contribution to the development of scientific inquiry in economics, both within the National Bureau and outside. Such outstanding economists as Wesley C. Mitchell, George E. Roberts, Allyn A. Young, Edwin F. Gay, Thomas S. Adams, and John R. Commons have been among its members. At the present time professors from a dozen universities are on the Board. Also, Directors from each of the following organizations are elected: American Statistical Association, American Economic Association, American Farm Economic Association, Economic History Association, American Institute of Accountants, American Management Association, Congress of Industrial Organizations, and American Federation of Labor. Finally, there is a group of Directors at Large, men from varied walks of life with an abiding interest in economic research. The Board serves an important function not only in shaping the broad lines of the research program but also in safeguarding the quality of the results. Matters of policy requiring prompt action are handled by an Executive Committee of eleven, elected by the Board from its membership. Arthur F. Burns, the Director of Research, is the member of the Committee who is directly responsible for the research program. The members of the research staff, numbering about twenty-five, direct the individual studies, and are aided in their work by upwards of forty-five research assistants. A staff of typists, bookkeepers, mimeograph operators, etc., brings the total payroll of the National Bureau to roughly a hundred persons. William J. Carson, the Executive Director, handles the Bureau's finances, accounts, and other administrative matters. Not all the employees of the National Bureau work at the main office at 1819 Broadway, New York City. DuLr Financial Research Program is housed at "Hillside," an estate about 10 miles north of Manhattan overlooking the HuLdson River. Other National BureauL investigators are to be fotund at various universities throughout the United States, since cooperative arrangements are maintained with a number of universities that permit their facultv members to engage in National Butreau studies. Government agencies, too, cooperate in similar ways. Such cooperative relationships are a vital feature of our work, and we try to foster them in many ways. The growing acceptance on the part of universities of the view that research is part of the job of a faculty member has helped to make these efforts productive. For example, for a number of years we have appointed promising young men or women holding university positions as Research Associates for one year. The objective is to enable scholars to pursue their research interests in fields in which the National Bureau also has an interest. Since 1930 twenty-six Research Associates, coming from eighteen American colleges or universities and two foreign universities, have been appointed under the plan. The work of several committees is another example of cooperation for the purpose of advancing research. Two committees, one on financial and the other on fiscal research, help to guide our studies in these areas. They are composed of experts from universities, government agencies, and private business. In 1935 the Universities-National Bureau Committee was established for the express purpose of promoting contact

The National Bureau of Economic Research

The Oxford handbook of economic geography.

S. Kuznets. Modern Economic Growth. Rate, Structure, and Spread

Tourism plays a crucial role for national economies throughout the world. In Europe, international tourism receipts were almost three times higher in the late 1990s than they were in the late 1980s. Tourism has great potential as regards contributing to the achievements of several major EU objectives, such as economic growth, employment, sustainable development and economic and social cohesion. The importance of innovation was long underestimated in service and tourism activities. Successful innovation, as for instance innovation that is also profitable to the tourism firm in a competitive market, must increase the value of the whole tourism product. The production and the dissemination of new technologies has been the subject of much research. This paper illustrates why technological innovation is considered as a major force in tourism industry. It also attempts to analyze the impact of technological innovation and the implications on regional growth of member states.

https://mpra.ub.uni-muenchen.de/25380/1/mpra_paper_25380.pdf

The Role of Innovation Activities in Tourism and Regional Growth in Europe

Technical change greatly contributes to the explanation of economic structural changes. The aim of this paper is to measure the extension and the direction of structural and technological change. The impact of structural and technological changes on sectoral gross output was computed by breaking down the total change into the part due to changes in input-output coefficients (technological change) and the part due to changes and composition of final demand. The decomposition of structural change is based on the following questions. What were the engines of growth? What was the role and impact of technological change and which economies experienced the most and least structural change?

Sources of structural change: an input-output decomposition analysis for Greece

Contents: Preface Knowledge economy and innovation activities: an approach to definitions and measurement Modelling knowledge economy and innovation activities with the context of new growth theory Knowledge economy, technical change and productivity growth Foreign direct investments (FDIs), national system of innovations and the diffusion of knowledge European innovation policy and regional cohesion Appendix Bibliography Index.

Technical Change and Economic Growth : Inside the Knowledge Based Economy

Handbook of Research on Policies and Practices for Sustainable Economic Growth and Regional Development

List of Figures List of Tables List of Abbreviations List of Contributors Preface G.C.Bitros & G.M.Korres Introduction G.C.Bitros PART I: MACROECONOMIC ISSUES OF ECONOMIC INTEGRATION Symmetry and Asymmetry of Supply and Demand Shocks in the European Union: A Dynamic Analysis L.Boone Testing for Common Features in the European Union H.Bai, S.Hall & D.Shepherd The Demand for Money in the European Union: The Role of Germany's Interest Rate Y.Pu & G.Zis Credibility and Inflation Expectations in the European Monetary System N.Sarantis Exchange-rate Regimes, Inflation and Credibility: Theory and Evidence from Greece G.S.Alogoskoufis, A.Philipopoulos & V.Vassilatos PART II: MICROECONOMIC ISSUES OF ECONOMIC INTEGRATION The Effects of European Integration on Greek Manufacture Y.Katsoulakos & N.Tsoris Economic Integration in Europe and the Pattern of German Foreign Direct Investment F.Hubert & N.Pain Spanish Unemployment - a hiring function approach: GARCH-M Model I.Figuerola-Ferreti & Y.G.Paraskevopoulos Economic Growth, Labor Effort and Fertility Choice in Greece: Evidence and Implications for Economic Integration G.Hondroyiannis, S.Lolos & E.Papapetrou PART III: INSTITUTIONS AND POLICIES OF INTEGRATION The Institutional Development and the Harmonization of Technological Policy in the European Community G.M.Korres The Reform of the Institutional Framework of the Coastal Shipping, According to the New European Regulation 3577/92 G.Vlachos & M.Lekakou Regional Inequalities and the Allocation of EU Funding: The Case of Greece D.Giannias PART IV: CHALLENGES FOR AN INTEGRATED EUROPE Economic Integration and the Future of the Welfare State in the European Union E.Paliginis Technical Change, Productivity, and Economic Integration of the European Union G.M.Korres Privatization: Recent Experiences and Prospects in a World Without Borders G.C.Bitros The Balkans and the European Union N.Giannaris Index

George M. Korres

Papers

The Role of Innovation Activities in Tourism and Regional Growth in Europe

Sources of structural change: an input-output decomposition analysis for Greece

Technical Change and Economic Growth : Inside the Knowledge Based Economy

Handbook of Research on Policies and Practices for Sustainable Economic Growth and Regional Development

Economic Integration: Limits and Prospects