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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

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

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

Pobreza, Deforestación y Pérdida de la Biodiversidad en Guatemala

Loening, Ludger J.; Markussen, Michael - EconWPA - 2003

This paper explores the causes of deforestation and biodiversity loss in Guatemala and is organized into 4 parts. First, an overview about deforestation in Guatemala from 1950-2000 is provided, and the relationship between deforestation and biodiversity loss is explored. Secondly, some...

Persistent link: https://www.econbiz.de/10005407648

Pobreza, Deforestación y Pérdida de la Biodiversidad en

Loening, Ludger J.; Markussen, Michael - EconWPA - 2003

Persistent link: https://www.econbiz.de/10005407693

The Fatality Risks of Sport-Utility Vehicles, Vans, and Pickups

Gayer, Ted - EconWPA - 2001

This paper presents a model of vehicle choice and empirically examines the risk posed by light trucks (sport-utility vehicles, vans, and pickups) to those that drive them and to other drivers, relative to the risk posed by cars. It compares the relative risk of dying and the relative crash...

Persistent link: https://www.econbiz.de/10005407909

Pobreza, Deforestación y Pérdida de la Biodiversidad en

Loening, Ludger J.; Markussen, Michael - EconWPA - 2003

Persistent link: https://www.econbiz.de/10005556109

An Investigation of Industry Associations, Association Loops, and Economic Complexity: Application to Canada and the United States

Dridi, Chokri; Hewings, Geoffrey J.D. - EconWPA - 2002

Various methods were proposed to understand the linkages in an input- output system; however many focused only on the identification of key sectors in the economy. An alternative approach, identifying analytically importance of elements and combinations of elements was proposed as a field of...

Persistent link: https://www.econbiz.de/10005556208

Model Uncertainty, Complexity and Rank in Finance

Los, Cornelis A. - EconWPA - 2004

There are three crucial mathematical system concepts in Finance, which are either being confused or misapplied - uncertainty, complexity and rank. First, the concept of epistemic uncertainty is sufficient for modeling and the concept of probability is unnecessary. This is illustrated by...

Persistent link: https://www.econbiz.de/10005119076

Robust Estimation with Discrete Explanatory Variables

Cizek, Pavel - EconWPA - 2002

The least squares estimator is probably the most frequently used estimation method in regression analysis. Unfortunately, it is also quite sensitive to data contamination and model misspecification. Although there are several robust estimators designed for parametric regression models that can...

Persistent link: https://www.econbiz.de/10005119143