Economics Project Reports, Economics Thesis
With this thesis the aim is to investigate the effect political risk has on economic growth and how it influences the inflow of foreign direct investment (FDI). The purpose is also to investigate the relationship between inflow of FDI and economic growth. In order to em-pirically examine if there is a relevant correlation between the …
Two DSGE models are calibrated and simulated to investigate how the role of monetarypolicy differs between a closed and an open economy. The central bank conducts monetary policy according to a Taylor (1993) rule, reacting to inflation- and output deviations. Prices are sticky and there are habit components which slow down adjustment of consumption and …
This thesis investigates the profitability of the momentum strategy in the Swedish stock market. The momentum strategy is an investment strategy where past winners are bought and past losers are sold short. In this paper Swedish stocks are analyzed during the period 1999 – 2007 with the approach first used by Jegadeesh and Titman (1993). …
Essay 1 – To evaluate measures of expectations I examine and compare some of the most common methods for capturing expectations: the futures method which utilizes financial market prices, the VAR forecast method, and the survey method. I study average expectations on the Federal funds rate target, and the main findings can be summarized as …
This paper is an assessment of the possibility to predict currency crises. Different methods are explored. A discrete-choice model is estimated with an underlying intuition that is far more simple than traditional estimations of this kind. The results suggest that currency crises are complex phenomenas that cannot be predicted by just using a few variables. …
I have conducted a survey of journal articles that have examined the relationship between free trade and economic growth. In particular, I have carefully selected six empirical studies that were published over a ten-year period and critically reviewed, and evaluated these studies in depth. I have also extensively presented and discussed the issues as well …
This thesis consists of five chapters.Chapter 1 and 2 The first chapter presents the introduction and the summary and the second chapter provides details on the survey and the data collection. Chapter 3 The demand and supply of credit in the rural finance markets are investigated in this paper using data on 989 households, in Orissa, …
This thesis is about the process of employment adjustment. It studies adjustment costs and their impact on employment and labor demand. It starts by describing key characteristics of India’s labor market; documents legal, economic, and social framework; investigates the impact and finds magnitudes of worker adjustment costs. Then, it estimates econometrically parameters of labor adjustment …
Ever since the evolvement of modern macroeconomics, theories without foundation in the Keynesian view, such as Real Business Cycle (RBC) theories, have aimed for recognition.The purpose of this paper is to examine whether the Cross-Section Volatility model (CSV), a RBC-model developed by Laclair Brainard and David Cutler (1993) based on US data, holds and demonstrates …