Weitere Publikationen der WIFO-Mitarbeiterinnen und -Mitarbeiter
Die umfangreiche Publikationstätigkeit der Mitarbeiterinnen und Mitarbeiter des WIFO dokumentiert die enge Vernetzung mit
der internationalen Scientific Community.
Bücher, Journals und Papers(2518 Treffer)
Buchbeiträge, Waxmann, Münster–New York, Februar 2018
Economic Systems Research, 2018, S.85-104
We develop and calibrate an analytical growth model in the neo-Kaleckian tradition with an endogenous wealth distribution
and differential returns to wealth between workers and capitalists. We show that a long-run equilibrium allows for non-zero
wealth owned by workers, even as the model contains the "triumph of the rentier" predicted by Piketty's r > g as a special
case. The model's calibration to ten European countries shows that the distribution of wealth is likely to become more unequal
in all cases, barring political countermeasures.
Herausgeber: United Nations Industrial Development Organization
This paper examines whether PageRank algorithms are a valid instrument for the analysis of technical progress in specific
technological fields by means of patent citation data. It provides evidence for patent data in biotechnology. Recent literature
has been critical with regard to the use of PageRank for the analysis of scientific citation networks. The results reported
in this paper indicate, however, that with some minor adaptations and careful interpretation of the results the algorithm
can be used to capture some important stylised facts of technical progress and the importance of single patents relatively
well especially if compared to indicators based on direct inward citations only.
Wirtschaft und Gesellschaft, 2017, (3), S.343-377
There is a vast amount of empirical evidence concerning the cointegrating relationship between money demand, some kind of
interest rate and income. In contrast to this, short-run dynamics are still opaque. In the existing literature, the return
to steady state is modelled quite differently. The range goes from simple error correction models to non-linear approaches.
Here a method is proposed for considering not only disequilibria between money demand and its steady state of only the last
period but also those of the recent past in a parsimonious and economically meaningful way. Different to multicointegration,
weights for cumulating steady-state deviations are geometrically decreasing the more they are located in the past. This model
possesses an ARMA (1,1) representation and leads to an ARMAX model if combined with a conventional error correction model.
This approach is shown to track money demand short-run dynamics better and more parsimoniously than partial-adjustment models.