Number of mathematical correlations have been used to predict the monthly average global solar radiation on horizontal using the sun hours as an input parameter. The study was carried out on two weather stations in the UAE, which are Abu Dhabi and Al Ain, using a daily weather data recorded for 13 years. The used correlations included the linear Angstrom-Prescott model and its derivations, name...

This paper attempts to reconcile the controversy regarding Japan’s total factor productivity during its slump in the 1990s by clarifying the role of capital utilization. Hayashi and Prescott (2002) emphasized that the decline in the exogenous total factor productivity growth rate was the main cause. However, some empirical studies have also pointed out that the fall in capital utilization rates...

El objetivo del artículo fue analizar la resiliencia emprendimiento mexicano ante contextos de las crisis económicas 2020 y 2008. Se aplicó técnica descomposición ciclo tendencia Hodrick-Prescott sobre el producto interno bruto, con fin determinar periodo caída recuperación actividad económica. Además, se calcularon indicadores resistencia para grado resiliencia. Los resultados muestran que res...

There have been very few direct applications of experimental techniques in macroeconomics for two main reasons. First, macroeconomics is about the in­ teraction between markets, and it is not easy to design an elegant treatment that gets at the essence of how a national economy functions. Second, there is a vestigial prejudice that favors econometrics over putatively unorthodox em­ pirical appr...

This paper explores life insurance holdings from a general equilibrium perspective. Drawing on the data explored in Chambers, Schlagenhauf, and Young (2003), we calibrate an overlapping generations lifecycle economy with incomplete asset markets to match facts regarding the uncertainty of income and demographics. We then estimate that life insurance holdings for the purpose of smoothing family ...

T he relationship between capacity utilization and inflation is quite variable. Figure 1 shows the time paths of utilization and inflation for the United States over the period 1953:1 to 1995:4. Two features characterize this relationship. First, inflation and utilization often move in opposite directions. The most dramatic episodes of negative comovement coincided with the 1973/1974 and 1979 p...