This study examines the effect of life expectancy on fertility, education, and labor force participation. Using birth and sibling histories from the Demographic Health Surveys conducted in sub-Saharan Africa, I construct ...

We characterize the dynamic network structure of major oil producing countries. We examine the oil production coordination of 13 Organization of the Petroleum Exporting Countries (OPEC) and 17 non-OPEC members. We construct ...

This paper analyzes how effective macroeconomic policy actions are in ending recessions. We also investigate which structural factors help the country to experience shorter recessions. We implement survival regression ...

Energy efficiency and renewable energy are considered to be two indispensable solutions to control GHG (greenhouse gas) emissions. Moreover, industrialization is at the center of discussions on the roles of countries to ...

We expose the dynamics of road fuel demand by employing maximum entropy resampling based interval estimates in a fixed width rolling window framework. Our approach facilitates using a uniform specification in a sequential ...

The goal of this paper is to investigate effects of fiscal policy on output as a response to an external shock at different levels and currency compositions of public debt. Central to our analysis is the mutual relationship ...

This study analyzes a continuous-time N-agent Brownian moral hazard model with constant absolute risk aversion (CARA) utilities, in which agents' actions jointly determine the mean and variance of the outcome process. In ...

We investigate the relationship between GDP volatility and income inequality to explain the changes in both variables in the last decades of 20(th) century. The theoretical results show that these variables are related to ...

It is crucial to know the factors that influence happiness. This study investigates the determinants of happiness with an emphasis on comparison effects (income relative to others' income or relative to the own income in ...

This paper extends the standard new Keynesian (NK) model by using the endogenous markup setting a la Kimball (1995). In this setting, consumers' price elasticity of demand for a good is increasing in the good's relative ...