Patterns of Risk Sharing among OECD and European Community Countries

经合组织和欧洲共同体国家之间的风险分担模式

• 批准号: 9618285
• 负责人: Bent Sorensen
• 金额: $ 17.67万
• 依托单位: Brown University
• 依托单位国家: 美国
• 项目类别: Continuing Grant
• 财政年份: 1997
• 资助国家: 美国
• 起止时间: 1997-06-01 至 2000-05-31
• 项目状态: 已结题
• 来源: https://www.nsf.gov/awardsearch/showAward?AWD_ID=9618285&HistoricalAwards=false
• 关键词: Patterns; Risk; Sharing; among; OECD

The research has two objective. One is to quantify the amount of risk sharing among OECD and European Community (EC) members, with the goal of assessing whether existing market and EC institutions provide sufficient insurance against country specific shocks. The other is to compare the degree of capital and credit market integration in the United States, a successful monetary union, with that of OECD and EC countries. The construction of a data set from 1966 to 1992 will be completed which includes data by country on net factor income flows, GDP, GNP, capital depreciation, personal income, corporate profits, etc. Then, a decomposition analysis of the cross-sectional variance in the Gross Domestic Product of OECD and European Community countries will be undertaken. Quantifying the amount of income and consumption smoothing achieved at various levels, within various groups of countries, during various time periods, and using various different frequencies will also be undertaken. Computer programs tailored specifically for the statistical methods employed in this project will be developed. This research is important because the results will increase the understanding of risk sharing mechanisms among OECD and European Community Countries. The comparison with the US experience will provide potential lessons for the process of European unification.

该研究有两个目标。 一是量化经合组织和欧洲共同体 (EC) 成员之间的风险分担量，目的是评估现有市场和欧盟机构是否针对特定国家的冲击提供足够的保险。 另一个是将美国这个成功的货币联盟的资本和信贷市场一体化程度与经合组织和欧共体国家进行比较。 完成1966年至1992年数据集的建设，包括按国家分列的净要素收入流、GDP、GNP、资本折旧、个人收入、企业利润等数据。然后对OECD和欧共体国家国内生产总值横截面方差进行分解分析。 还将采用各种不同的频率，对不同层次、不同国家集团、不同时期实现的收入和消费平滑程度进行量化。 将开发专门针对该项目所采用的统计方法定制的计算机程序。 这项研究很重要，因为研究结果将增进对经合组织和欧洲共同体国家之间风险分担机制的理解。 与美国经验的比较将为欧洲统一进程提供潜在的教训。