Spelling suggestions: "subject:"equivalence"" "subject:"quivalence""
491 |
Structural equivalence and item bias of a self-report emotional intelligence measure in the mining industry / Francois de WetDe Wet, Francois January 2012 (has links)
Emotional intelligence (EI) in organisations has grown immensely over the past two decades.
Considerable research regarding this concept and the advantages it poses for the individual as
well as the organisation has been conducted; however, one aspect that has not been explored
sufficiently is the extent to which EI can be viewed as a culturally relevant concept. The
presumption that emotions can be explained in the same way across different culture cannot be
made; therefore measuring EI across cultures becomes important and challenging. Language can
be viewed as a vehicle of culture, and emotions are shaped by the language spoken in the specific
culture.
A quantitative research design was used in this study. The sample consisted of mid-level miners
from the Gauteng and North West Province (N = 357). Stratified sampling was used to include
the West-Germanic (English and Afrikaans; n = 158) and Sotho group (North Sotho, South
Sotho, and Setswana; n = 199). Questionnaires were distributed amongst the participants from
the different mines, were completed within a set time, and collected immediately afterwards.
The first objective of the study was to determine whether the Greek Emotional Intelligence Scale
(GEIS) is a reliable test when measuring West-Germanic (English and Afrikaans) and Sotho
(Northern Sotho, Southern Sotho, and Setswana) languages. A four-factor model on the
combined sample as well as the two language groups was tested. The four factor model of the
West-Germanic group showed poor alphas. (Expression and Recognition of Emotions = 0.66;
Caring and Empathy = 0.63; Control of Emotions = 0.80 and Use of Emotions to Facilitate
Thinking = 0.62.) Several items from the expression and recognition scale cross-loaded on the
other three factors, and it was decided to test a three-factor model. The three factor model
indicated the best goodness-of-fit indices and showed acceptable alpha coefficients (Use of
Emotion to Facilitate Thinking = 0.83; Caring and Empathy = 0.83 and Control of Emotions =
0.77).
The second objective was to determine if the Greek Emotional Intelligence Scale is an equivalent
measuring instrument when measuring the West-Germanic (English and Afrikaans) and Sotho
(Northern Sotho, Southern Sotho, and Setswana) languages. Goodness-of-fit was tested on the
total population as well as the two language family groups. The four factors are Expression and
Recognition of Emotions, Caring and Empathy, Control of Emotions and Use of Emotions. The
model indices (GFI, CFI and RMSEA) were satisfactory on the total population as well as the
Sotho groups, but there were problems noted when testing the goodness-of-fit for the West-
Germanic language group. It was therefore decided to test a three factor model (Use of
Emotions, Caring and Empathy and Control of Emotions). These problems could possibly be
explained by the cultural differences between the two language groups.
The final research objective was to investigate whether the items of the Greek Emotional
Intelligence Scale are unbiased when measuring West-Germanic (English and Afrikaans) and
Sotho (Northern Sotho, Southern Sotho, and Setswana) languages. Firstly, ANOVAS were
produced to determine the mean differences between the groups. There weren’t many
differences, indicating none or little biasness between the groups. Then, the uniform and non-uniform
biasness was tested by means of Ordinal Logistic Regression to asses Differential Item
Functioning. The majority of the items did not have both uniform and non-uniform biasness. The
few that did however, (41, 37, 36, 14 and 18) can be explained by the different ways in which
cultures interpret emotions as proven in the literature.
Recommendations were made for future research. / Thesis (MCom (Industrial Psychology))--North-West University, Potchefstroom Campus, 2013
|
492 |
Structural equivalence and item bias of a self-report emotional intelligence measure in the mining industry / Francois de WetDe Wet, Francois January 2012 (has links)
Emotional intelligence (EI) in organisations has grown immensely over the past two decades.
Considerable research regarding this concept and the advantages it poses for the individual as
well as the organisation has been conducted; however, one aspect that has not been explored
sufficiently is the extent to which EI can be viewed as a culturally relevant concept. The
presumption that emotions can be explained in the same way across different culture cannot be
made; therefore measuring EI across cultures becomes important and challenging. Language can
be viewed as a vehicle of culture, and emotions are shaped by the language spoken in the specific
culture.
A quantitative research design was used in this study. The sample consisted of mid-level miners
from the Gauteng and North West Province (N = 357). Stratified sampling was used to include
the West-Germanic (English and Afrikaans; n = 158) and Sotho group (North Sotho, South
Sotho, and Setswana; n = 199). Questionnaires were distributed amongst the participants from
the different mines, were completed within a set time, and collected immediately afterwards.
The first objective of the study was to determine whether the Greek Emotional Intelligence Scale
(GEIS) is a reliable test when measuring West-Germanic (English and Afrikaans) and Sotho
(Northern Sotho, Southern Sotho, and Setswana) languages. A four-factor model on the
combined sample as well as the two language groups was tested. The four factor model of the
West-Germanic group showed poor alphas. (Expression and Recognition of Emotions = 0.66;
Caring and Empathy = 0.63; Control of Emotions = 0.80 and Use of Emotions to Facilitate
Thinking = 0.62.) Several items from the expression and recognition scale cross-loaded on the
other three factors, and it was decided to test a three-factor model. The three factor model
indicated the best goodness-of-fit indices and showed acceptable alpha coefficients (Use of
Emotion to Facilitate Thinking = 0.83; Caring and Empathy = 0.83 and Control of Emotions =
0.77).
The second objective was to determine if the Greek Emotional Intelligence Scale is an equivalent
measuring instrument when measuring the West-Germanic (English and Afrikaans) and Sotho
(Northern Sotho, Southern Sotho, and Setswana) languages. Goodness-of-fit was tested on the
total population as well as the two language family groups. The four factors are Expression and
Recognition of Emotions, Caring and Empathy, Control of Emotions and Use of Emotions. The
model indices (GFI, CFI and RMSEA) were satisfactory on the total population as well as the
Sotho groups, but there were problems noted when testing the goodness-of-fit for the West-
Germanic language group. It was therefore decided to test a three factor model (Use of
Emotions, Caring and Empathy and Control of Emotions). These problems could possibly be
explained by the cultural differences between the two language groups.
The final research objective was to investigate whether the items of the Greek Emotional
Intelligence Scale are unbiased when measuring West-Germanic (English and Afrikaans) and
Sotho (Northern Sotho, Southern Sotho, and Setswana) languages. Firstly, ANOVAS were
produced to determine the mean differences between the groups. There weren’t many
differences, indicating none or little biasness between the groups. Then, the uniform and non-uniform
biasness was tested by means of Ordinal Logistic Regression to asses Differential Item
Functioning. The majority of the items did not have both uniform and non-uniform biasness. The
few that did however, (41, 37, 36, 14 and 18) can be explained by the different ways in which
cultures interpret emotions as proven in the literature.
Recommendations were made for future research. / Thesis (MCom (Industrial Psychology))--North-West University, Potchefstroom Campus, 2013
|
493 |
A psychometric analysis of the Survey Work-home Interaction - Nijmegen (SWING) in the South African earthmoving equipment industry / M. PietersePieterse, Michel January 2004 (has links)
In an ever-changing world, people are constantly faced with the challenge of simultaneously
managing multiple roles in their work as well as their home-sphere. It therefore becomes
increasingly important to maintain a balance in these two life spheres. Unfortunately, a gap
exists between the positive and negative side of work-home balance as most research focuses on
the negative side. Recently, a much needed instrument was develop in the Netherlands, namely
the Survey Work-Home Interaction - Nijmegen (SWING), which measures both the direction of
influence (work→home and vice versa) and the quality of influence (negative vs. positive).
The objectives of this study were to validate the Survey Work-Home Interaction - Nijmegen
(SWING) for workers of the earthmoving equipment industry in a South African context, to
determine its construct equivalence and bias for different language groups, and to determine
differences regarding work-home interaction between different demographic groups. A cross-sectional
survey design was used. Random samples (n = 330) were taken of workers in the
earthmoving equipment industry across South Africa. The SWING and a biographical
questionnaire were administered. Item bias analyses, exploratory factor analysis, Cronbach
alpha coefficients, MANOVAs, ANOVAs and T-tests were used to analyse the data.
Exploratory factor analysis showed that the SWING consists of four factors, namely Negative
Work-Home Interference, Negative Home-Work Interference, Positive Work-Home Interference
and Positive Home-Work Interference. All four factors showed acceptable internal
consistencies. No evidence was found for uniform or non-uniform bias of the items of the
SWING for different language groups. Exploratory factor analysis with target rotations
confirmed the construct equivalence of the work-home interface construct. There were also no
differences regarding work-home interaction between different demographic groups, except for a
practically significant difference (medium effect) between males and females with respect to
negative Work-Home Interaction levels.
Recommendations were made for further research. / Thesis (M.Com. (Industrial Psychology))--North-West University, Potchefstroom Campus, 2005.
|
494 |
Work-home interaction and wellbeing in the South African Police Service / Carin MaraisMarais, Carin January 2006 (has links)
There is an apparent lack of in-depth knowledge about the processes that may underlie the
interaction between work and home life, and their relationships with employee health and
well-being. Work and home has traditionally been considered as separate domains, but during
the past decade of democracy, transformation developments (eg, Affirmative Action,
Employment Equity) changed the nature of the labour market and economy. This facilitated
the increase in the number of working single-parent, dual-earner families, and of women
participating in the workforce, which in turned influenced the work-home interaction of
employed individuals. Furthermore, various researchers regard burnout and engagement as
important constructs to consider in the well-being of employees. The level of a person's wellbeing
subsequently affects his/her functionality in both the work and home spheres. Thus,
there is a need to identify ways which both the individual and the organisation can apply to
increase personal well-being and the balance between work and home life.
South Africa has 11 different national languages, and only 8,3% of the population actually
speak English at home. Language differences should therefore be taken into account when
administering questionnaires. Studies in South Africa generally report race, education,
language, and understanding of English as the main factors which impact on construct and
item comparability of psychometric tests. There is consequently an obvious need to translate
research instruments before they are administered to individuals from different language
groups. If language differences are not taken into account, invalid conclusions regarding the
constructs under study could be made, with serious implications for culturally diverse settings
such as in South Africa.
The objectives of this research were to translate the Survey Work-Home Interaction
Nijmegen (SWING), Maslach Burnout Inventory-General Survey (MBI-GS) and Utrecth
Work Engagement Scale (UWES) into Afrikaans and Setswana, and to investigate the
construct validity, construct equivalence and reliability of these instruments. Furthermore,
differences between demographic groups regarding work-home interaction and well-being
were investigated. Finally, a structural model was tested, which included job characteristics,
negative and positive work-home interference (WHI) and well-being (burnout and
engagement).
A cross-sectional survey design was used. Random samples (N = 685) were taken from police
stations in the North West province. Structural equation modelling (SEM) was used to
determine the construct validity and equivalence of the measuring instruments and to test the
structural model.
The results indicated that work-home interaction can be described as a four-dimensional
construct consisting of negative WHI, positive WHI, negative home-work interference
(HWI), and positive HWI. This factor structure was equivalent across all three language
groups and all the scales were reliable. A four-factor model was confirmed for burnout and
included exhaustion, cognitive weariness, cynicism and professional efficacy. A one-factor
model was found for engagement. Both translated instruments were found to be equivalent
for the three language groups. Furthermore, a second order factor analysis revealed that the
underlying structure of well-being consists of two negatively related and equivalent factors,
namely burnout (exhaustion, cognitive weariness and cynicism) and an enlarged engagement
construct (engagement and professional efficacy).
Members reported more negative WHI than negative HWI, and more positive HWI than
positive WHI. Statistically significant differences exist between demographic groups
regarding work-home interaction based on language, gender, marital status. parental status
and education. Statistically significant differences of wellness exist between demographic
groups based on language and educational level.
The results of the structural equation modelling revealed that job demands were directly and
positively associated with negative WHI and burnout, while job resources were directly and
positively associated with positive WHI and work engagement. This also indicates the partial
mediating effect of WHI between job characteristics and wellness. In addition, a lack ofjob
resources was associated with higher levels of burnout.
Recommendations for future research were made. / Thesis (Ph.D. (Industrial Psychology))--North-West University, Potchefstroom Campus, 2007.
|
495 |
Work wellness of employees in the earthmoving equipment industry / Izel RostRost, Izel January 2006 (has links)
Major changes that emphasise the importance of a balanced work and family life have
occurred within organisations. Inability to manage this integration between the work and
home domains can affect the performance of organisations and the wellbeing of their
employees. In order to measure work-home interaction and wellbeing, it is important to use
valid, equivalent and reliable instruments. However, there is a lack of empirical research
when investigating work-home interaction, burnout and work engagement in the earthmoving
equipment industry in South Africa. Furthermore, the earthmoving equipment industry is a
multicultural environment and construct equivalence across subgroups therefore becomes
important when measuring work-home interaction, burnout and work engagement across
different cultural or language groups.
It also seems relevant to consider differences in the work-home interaction and work wellness
levels between important demographic groups in the earthmoving equipment industry. It
appears as if burnout and engagement can be seen as part of the total wellness continuum;
and that job characteristics may be related to burnout and engagement through negative and
positive work-home interaction. However, little information was found that included these
factors in a structural model for the earthmoving equipment industry.
The objectives of this research were to test the psychometric properties of the Survey Work-
Home Interaction - Nijmegen (SWING), the Maslach Burnout Inventory - General Survey
(MBI-GS) and the Utrecht Work Engagement Scale (UWES); to determine if various
demographic groups differ with regard to work-home interaction and wellbeing; and to test a
structural model that includes job characteristics, work-home interaction and wellbeing for
employees in the earthmoving industry.
A cross-sectional survey design was used. Random samples (n = 528) were taken from
employees in the earthmoving equipment industry in Gauteng, the Limpopo Province,
Mpumalanga, the Northern Cape, the Western Cape, the Eastern Cape, Kwa-Zulu Natal and
the North West Province.
Structural equation modelling confirmed a four-factor model of work-home interaction which
measures negative work-home interference, positive work-home interference, negative homework
interference and positive home-work interference. This factor structure was equivalent
across language, ethnicity, gender, education, marital status and parental status. All four
factors were reliable. The participants reported more negative WHI than negative HWI, and
more positive HWI than positive WHI. It was found that statistically significant differences
that are based on age, gender, language, ethnicity, a partner's contribution to household
income and the different business units exist between the demographic groups.
The results confirmed a four-factor structure of burnout (exhaustion, cognitive weariness,
cynicism and professional efficacy) and a two-factor structure of work engagement
(including vigour and dedication). These structures were equivalent across language and
education groups, and all scales were reliable. SEM analyses supported a two-factor structure
for the wellness construct, consisting of burnout (exhaustion, cognitive weariness and
cynicism) and engagement (vigour, dedication and professional efficacy), which was
equivalent for the language and education groups. Statistically significant differences that are
based on age, gender, language and the different business units were found between the
demographic groups.
Structural equation modelling showed that job demands are associated with negative WHI
and consequently with burnout, providing support for a full-mediation effect of negative
WHI. Job resources were associated with negative WHI and consequently with burnout,
providing support for partial mediation of negative WHI between job resources and burnout.
Job resources were also associated with positive WHI and consequently with engagement,
providing support for partial mediation of positive WHI between job resources and
engagement.
Recommendations for the organisation and future research were made. / Thesis (Ph.D. (Industrial Psychology))--North-West University, Potchefstroom Campus, 2007.
|
496 |
An Empirical Investigation of Optimum Currency Area Theory, Business Cycle Synchronization, and Intra-Industry TradeLi, Dan 19 December 2013 (has links)
The dissertation is mainly made up of three empirical theses on the Optimum Currency Area theory, business cycle synchronization, and intra-industry trade. The second chapter conducts an empirical test into the theory of Optimum Currency Area. I investigate the feasibility of creating a currency union in East Asia by examining the dominance and symmetry of macroeconomic shocks. Relying on a series of structural Vector Autoregressive models with long-run and block exogeneity restrictions, I identify a variety of macroeconomic disturbances in eleven East Asian economies. To examine the nature of the disturbances, I look into the forecast error variance decomposition, correlation of disturbances, size of shocks, and speed of adjustments. Based on both statistical analysis and economic comparison, it is found that two groups of economies are subject to dominant and symmetrical domestic supply shocks, and that the two groups respond quickly to moderate-sized shocks. Therefore, it is economically feasible for the two groups of economies to foster common currency zones.
The third chapter investigates the different effects of intra- and inter-industry trade on business cycle synchronization, controlling for financial market linkage and monetary policy making. The chapter is the first attempt to use intra- and inter-industry trade simultaneously in Instrument Variable estimations. The evidence in my paper is supportive that intra-industry trade increases business cycle synchronization, while inter-industry trade brings about divergence of cycles. The findings imply that country pairs with higher intra-industry trade intensity are more likely to experience synchronized business cycles and are more feasible to join a monetary union. My results also show that financial integration and monetary policy coordination provide no explanation for synchronization when industry-level trade are accounted for.
The fourth chapter extends the third chapter and explores how the characteristics of global trade network influence intra-industry trade. Borrowing the concept of structural equivalence, the similarity of two countries’ aggregate trade relations with other countries, from the social network analysis, this study incorporates this measure of trade network to the augmented gravity model of intra-industry trade. I build up two fixed effects models to analyze intra-industry trade in the raw material and final product sectors among 182 countries from 1962 through 2000. Structural equivalence promotes intra-industry trade flows in the final product sector, but it does not influence intra-industry trade in the crude material sector. Moreover, structural equivalence has been increasingly important in boosting intra-industry trade over time. / Graduate / 0508
|
497 |
Periodic Solutions And Stability Of Linear Impulsive Delay Differential EquationsAlzabut, Jehad 01 April 2004 (has links) (PDF)
In this thesis, we investigate impulsive differential systems with delays of the form
And more generally of the form
The dissertation consists of five chapters. The first chapter serves as introduction, contains preliminary considerations and assertions that will be encountered in the sequel. In chapter 2, we construct the adjoint systems and obtain the variation of parameters formulas of the solutions in terms of fundamental matrices. The asymptotic behavior of solutions of systems satisfying the Perron condition is investigated in chapter 3. In chapter4, we give a result that characterizes the behavior of solutions in the case there is a bounded solution. Moreover, a necessary and sufficient condition for the existence of periodic solutions is obtained. In the last chapter, a series of consequences on the existence of periodic solutions of functionally equivlent impulsive systems with delays is established.
|
498 |
Modeling and analysis of chemiluminescence sensing for syngas, methane and jet-A combustionNori, Venkata Narasimham 17 June 2008 (has links)
Flame chemiluminescence has received increasing attention for its potential sensor and diagnostic applications in combustors. A number of studies have used flame chemiluminescence to monitor flame status, and combustor performance. While most of these studies have been empirical in nature, chemiluminescence modeling has the potential to provide a better understanding of the chemiluminescence processes and their dependence on various combustion operating conditions.
The primary objective of this research was to identify and validate the important chemiluminescence reaction mechanisms for OH*, CH* and CO2*. To this end, measurements were performed at various operating conditions, primarily in laminar, premixed flames, fueled with methane, syngas (H2/CO) and Jet-A. The results are compared to 1-d laminar flame simulations employing the chemiluminescence mechanisms. The secondary objective was to use the experiments and validated chemiluminescence reaction mechanisms to evaluate the usefulness of flame chemiluminescence as a combustion diagnostic, particularly for heat release rate and equivalence ratio.
The validation studies were able to identify specific mechanisms for OH*, CH* and CO2* that produced excellent agreement with the experimental data in most cases. The mechanisms were able to predict the variation of the chemiluminescence signals with equivalence ratio but not with pressure and reactant preheat. The possible reasons causing this disagreement could be due to the inaccuracies in the basic chemical mechanism used in the simulations, lack of accurate quenching data (for CH*), thermal excitation (for OH*) and radiative trapping (for OH* and CO2*) and interference from the emissions of other species (such as HCO and H2O), for CO2*.
Regarding the utility of chemiluminescence for sensing, a number of observations can be made. In syngas-air flames, CO2* is a reasonable heat release rate marker, at least for very lean conditions. OH* shows some advantage in atmospheric-pressure methane and Jet-A flames in general, while CH* is advantageous at high pressure and very lean conditions at atmospheric pressure. The CO2*/OH* intensity ratio is not useful for sensing equivalence ratio in syngas flames, except maybe at very lean conditions. However, the CH*/OH* signal ratio is a promising approach for sensing equivalence ratio at low or very high pressure conditions in hydrocarbon flames. Thermal excitation and self-absorption processes for OH* chemiluminescence can become important for combustors operating at high pressure, high preheat and near stoichiometric conditions. Background subtracted chemiluminescence signals are recommended for sensing purposes.
|
499 |
Essays on stochastic fiscal policy, public debt and private consumptionBecker, Torbjörn January 1995 (has links)
This dissertation consists of five separate essays (and a short introductory chapter) that analyze the effects of debt policy on private consumption. Essay 1: Government Debt and Private Consumption: Theory and Evidence. The Ricardian equivalence theorem has been widely debated since (at least) the seventies. The theorem states that households should not change their consumption path in response to changed timing of taxes, given the path of government consumption. In this essay, theoretical models giving rise to the equivalence result as well as models predicting deviations from debt neutrality are presented. In general, the Ricardian models are based on unrealistic assumptions, such as infinite horizons, perfect capital markets and lump-sum taxes. The issue of Ricardian equivalence is thus perhaps better viewed as a question concerning to what extent the equivalence hypothesis is a reasonable approximation of the real world. This could only be established by empirical studies. To formulate a test of Ricardian equivalence, it is however vital to extend the standard analysis in deterministic models to stochastic models. In a stochastic model we need to incorporate the fact that agents have to make predictions about future levels of government consumption, and that public debt might be a useful predictor for that purpose. It is therefore necessary that an empirical study distinguishes between debt as a potential source of net wealth, which is the concern of the equivalence proposition, and debt's role as a signal of future levels of government consumption, which is due to the stochastic nature of the world. It is argued that there are few empirical studies that make this distinction, and in case the distinction is made, the evidence is in favor of the Ricardian equivalence proposition, namely that public debt is not net wealth to households. Changing the timing of taxes will therefore not change private consumption. In other words, although the Ricardian equivalence hypothesis is burdened with unrealistic assumptions, it seems (historically) to provide a reasonable approximation of actual data. Essay 2: An Investigation of Ricardian Equivalence in a Common Trends Model. A common trends model for gross national income, private consumption, government consumption and net taxes is estimated on US data. The system has two cointegrating vectors and thus two common stochastic trends, interpreted as a technology trend and a public sector trend. The two temporary shocks are interpreted as a private demand and government financing shock, respectively. Theoretical models suggest that the two cointegrating vectors could be due to the private and public sectors' intertemporal budget constraints. We find two co-integrating vectors, as predicted by no-Ponzi game constraints on the sectors. However, a stronger version of the no-Ponzi game constraint is a solvency condition, which implies particular co-integrating vectors. These cointegration vectors are both rejected for the sample period, indicating that the public sector will not be able to repay its debt if the current policy is maintained. However, the private sector is at the same time accumulating wealth, which is consistent with predictions from a Ricardian model. Further, the equivalence theorem predicts that private consumption should be unaffected by financing shocks. Data, however, indicate that there is a significant short run effect on both income and private consumption from the financing shock, but the effect indicates that increasing taxes is accompanied by increasing private consumption, contrary to both standard Ricardian and Keynesian models. In the theoretical world, this type of pattern could be generated in models with risk averse individuals and uncertainty about future taxes. Essay 3: Risky Taxes, Budget Balance Preserving Spreads and Precautionary Savings. This essay analyzes the effects on consumption from changes in the riskiness of taxes. It starts by reinterpreting the Sandmo [1970] paper on general capital income risk to the case of risky capital taxation. In his framework the concept of a mean preserving spread (MPS) is used for the risk analysis. In connection with risky taxes it is however possible to explicitly connect the tax risk with the government's budget constraint. In this essay the concept of a budget balance preserving spread (BBPS) is developed and used for the analysis of stochastic taxes. The essay is concluded with a comparison of the effects that a MPS and a BBPS has on consumption decisions. It is shown that the comparative statics results for a BBPS could be different from the results obtained with a MPS. Essay 4: Budget Deficits, Tax Risk and Consumption. This essay analyzes the effects of budget deficits on consumption when individual taxes are stochastic. It is shown that the co-movements between budget deficits and private consumption will depend on how risk averse individuals are. In the case of lump-sum taxes, it is sufficient to assume that individuals have a precautionary savings motive to obtain the result that consumption today will decrease with increased disposable income today. Furthermore, if we use a time separable iso-elastic utility funcition, the standard analysis of capital income risk predicts (precautionary) savings to increase with increased risk if the coefficient of relative risk aversion is greater than one. This is no longer sufficient when the risk is due to uncertain capital income taxes. In general, the coefficient must be greater than one to obtain precautionary savings in response to the greater risk implied by a budget deficit. The results in the paper are consistent with Ricardian equivalence only for some specific utility function, but not in general. However, in the same way, the results are consistent with standard Keynesian models that display a positive relation between debt and private consumption only for certain utility functions, and could equally well generate the opposite result for individuals that are enough risk averse or prudent, without changing the expected value of government consumption. In other words, if future taxes are uncertain, increased disposable income in the present period will decrease present consumption, if households are prudent enough. Essay 5: Budget Deficits, Stochastic Population Size and Consumption. This paper analyzes the effects on present consumption of budget deficits under different assumptions regarding demographics. In the first part, birth and death rates are deterministic, and in the second part, birth rates are assumed to be stochastic. In the case of a deterministic population size, an increase in public debt raises present consumption, if the (deterministic) birth rate is greater than zero, while with a zero birth rate we obtain debt neutrality. This is consistent with the results in Blanchard [1985] and Buiter [1988]. However, for the case of stochastic birth rates, it is shown that we can obtain the result that present consumption will decrease when public debt is increased, both when we have a zero expected birth rate, and when the expected population size is assumed to be constant, so that the expected birth rate is positive and equal to the death rate. The explanation is that with an uncertain birth rate, the future tax base is uncertain, which makes per capita taxes uncertain in the future. Shifting taxes to the future thus implies greater uncertainty about future net income, and induces precautionary savings. / Diss. Stockholm : Handelshögsk.
|
500 |
A Class of Stochastic Petri Nets with Step Semantics and Related Equivalence NotionsBuchholz, Peter, Tarasyuk, Igor V. 15 January 2013 (has links) (PDF)
This paper presents a class of Stochastic Petri Nets with concurrent transition firings. It is assumed that transitions occur in steps and that for every step each enabled transition decides probabilistically whether it wants to participate in the step or not. Among the transitions which what to participate in a step, a maximal number is chosen to perform the firing step. The observable behavior is defined and equivalence relations are introduced. The equivalence relations extend the well-known trace and bisimulation equivalences for systems with step semantics to Stochastik Petri Nets with concurrent transition firing. It is shown that the equivalence notions form a lattice of interrelations.
|
Page generated in 0.0419 seconds