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Essays In Inflation And Monetary Dynamics In Developing Countries, Simon K. Harvey
Essays In Inflation And Monetary Dynamics In Developing Countries, Simon K. Harvey
College of Business: Dissertations, Theses, and Student Research
This dissertation is consists of three essays. In the first essay, I analyze how the information contained in the disaggregate components of aggregate inflation helps improve the forecasts of the aggregate series using inflation data from Ghana. Direct univariate forecasting of the aggregate inflation data by an autoregressive (AR) model is used as the benchmark with which all autoregressive (AR), moving average (MA) and vector autoregressive (VAR) models of the disaggregates are compared. The results show that directly forecasting the aggregate series from the benchmark model is generally superior to aggregating forecasts from the disaggregate components. Additionally, including information from …
International Knowledge Flows And Technological Advance: The Role Of International Migration, Kacey N. Douglas
International Knowledge Flows And Technological Advance: The Role Of International Migration, Kacey N. Douglas
College of Business: Dissertations, Theses, and Student Research
Immigration is a major aspect of globalization. As the world becomes increasingly integrated, it becomes important to learn more about the effects of immigration on global economic growth. According to Robert Solow’s long run growth model, technological advance is the only form of economic growth sustainable in the long run. Those who contribute to technological advance – highly skilled labor – however, increasingly emigrate from lesser developed to more developed countries in a process known as brain drain. This process has been shown to lead to a permanent increase in income and growth in the host country relative to the …