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

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

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

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 …

-efficiency as the ratio of economic value added to the environmental damage index. Related to this orientation, we also approach eco …

, we analytically decompose the difference between the standard CPI and a democratically weighted index (ie, the CPI …

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

In this paper we develop an index for comparing the cost of doing business across several metropolitan areas in the U ….S. Such indices can be used as leading indicators of metropolitan economic growth. To create the index, we first identify …-based and pooled techniques to derive such an index. The index's variance decreases as the time horizon for which it is used …

and services comparable across areas, is a difficult task. In this paper we attempt to construct a cost-of-living index …