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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
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
'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
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
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
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
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
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