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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