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Heterogeneity and Aggregation in the Labor Market: Implications for Aggregate Preference Shifts

Chang, Yongsung; Kim, Sun-Bin - EconWPA - 2004

incomplete markets and indivisible labor generates an aggregation error that looks much like the preference residual in the data …

Persistent link: https://www.econbiz.de/10005076681

Whose Inflation? A Characterization of the CPI Plutocratic Gap

Ley, Eduardo - EconWPA - 2001

Prais (1958) showed that the standard CPI computed by most statistical agencies can be interpreted as a weighted average of household price indexes, where the weight of each household is determined by its total expenditures. In this paper, we analytically decompose the difference between the...

Persistent link: https://www.econbiz.de/10005125974

Complex Remanence vs. Simple Persistence: Are Hysteresis and Unit-Root Processes observationally equivalent?

amable, bruno; henry, jerome; lordon, frederic; topol, … - EconWPA - 2005

'remanence' created by the aggregation of non- linear dynamics. Stochastic simulations are employed to analyse the properties of …

Persistent link: https://www.econbiz.de/10005134578

To a Mathematical Model of Economy and Environment Interaction //Mathematical modelling. 2003. V.15. No.4. P.107-121.

Demberel S.; Olenev, Nicholas; Pospelov, Igor - EconWPA - 2003

This paper presents new results of mathematical modeling of economy and environment interaction. A model of mutual interaction of livestock farming - one in a two main agricultural branches - and natural pastures that are the essential part of livestock farming forage reserve is proposed....

Persistent link: https://www.econbiz.de/10005062740

Money Demand in theEuroArea: Do National Differences Matter?

Dedola, Luca; Gaiotti, Eugenio; Silipo, Luca - EconWPA - 2004

demands. We find that the hypothesis of perfect aggregation is not rejected. Nevertheless, some estimates of area-wide long …

Persistent link: https://www.econbiz.de/10005412612

Dollarization Persistence and Individual Heterogeneity

Castillo, Paul; Winkelried, Diego - EconWPA - 2005

ability to process information, which turns out to be enough to generate persistence upon aggregation. We find empirical …

Persistent link: https://www.econbiz.de/10005412798

Inequality-Driven Growth: Unveiling Aggregation Effects in Growth Equations

Albuquerque, Pedro H. - EconWPA - 2005

It is well known from nonlinear aggregation theory that distributions play a central role in the determination of … aggregate relations. This paper establishes a bridge between the aggregation and the inequality and growth literature by … applying a log-linear aggregation method to a simple heterogeneous AK growth model. The aggregation effect is explicitly …

Persistent link: https://www.econbiz.de/10005555988

Measuring Eco-efficiency of Production: A Frontier Approach

Kortelainen, Mika; Kuosmanen, Timo - EconWPA - 2004

Eco-efficiency of production is an important concept both from the viewpoint of society and business community; but as yet, there is no unambiguous way to its measurement. The purpose of this paper is to present a general measurement framework based on production theory and the activity analysis...

Persistent link: https://www.econbiz.de/10005119199

"PPP tests in cointegrated panels: Evidence from Asian developing countries".

Basher, Syed A.; Mohsin, Mohammed - EconWPA - 2003

This paper tests the relative version of purchasing power parity (PPP) for a set of ten Asian developing countries using panel cointegration framework. We employ 'between-dimension' dynamic OLS estimator as proposed by Pedroni (2001b). The test results overwhelmingly reject the PPP hypothesis.

Persistent link: https://www.econbiz.de/10005076786

A Dynamic Equilibrium Model of Real Exchange Rates with General Transaction Costs

Goswami, Gautam; Shrikhande, Milind; Wu, Liuren - EconWPA - 2002

We study the behavior of real exchange rates in a twocountry dynamic equilibrium model. In this model, consumers can only consume domestic goods but can invest costlessly in capital stocks of both countries. Nevertheless, transporting goods between the two countries is costly and, hence, the...

Persistent link: https://www.econbiz.de/10005076998