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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
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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
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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
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Contagion in Latin America
Polydoro, Angelo - EconWPA - 2005
Latin America suffer before each democratic election due to its structural clivage, high social inequity and demands. The objective of this paper is to show that at elections, for some importants countries, the contagion effects increase the correlation of the return series markets.
Persistent link: https://www.econbiz.de/10005126482
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An Estimation of U.S. Industry-Level Capital-Labor Substitution
Balistreri, Edward J.; McDaniel, Christine A.; Wong, … - EconWPA - 2003
A key parameter that determines the distributional impacts of a policy shift in general equilibrium models is the elasticity of substitution between capital and labor. Despite the importance of this parameter in applied modeling, its identification continues to pose a challenge. Given the...
Persistent link: https://www.econbiz.de/10005134574
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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
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Pobreza, Deforestación y Pérdida de la Biodiversidad en
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/10005407693
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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
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Pobreza, Deforestación y Pérdida de la Biodiversidad en
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/10005556109
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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