Narrow search
Showing 1 - 10 of 78
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
Measuring Eco-efficiency of Production: A Frontier Approach
Kortelainen, Mika; Kuosmanen, Timo - EconWPA - 2004
yet, there is no unambiguous way to its measurement. The purpose of this paper is to present a general measurement …
Persistent link: https://www.econbiz.de/10005119199
Cover Image
Measuring the Degree of Efficiency of Financial Market
Los, Cornelis - EconWPA - 2004
market risk is needed. This new risk concept should allow for the measurement of the degree of market efficiency, which is …
Persistent link: https://www.econbiz.de/10005561619
Cover Image
Measuring and Analyzing Returns on Aggregate Residential Housing
Hasanov, Fuad; Dacy, Douglas - EconWPA - 2005
This paper computes an aggregate real after-tax rate of return on residential real estate in the United States. We account for net rental income, capital gain, and subsidies due to tax provisions for homeowners in constructing a total return measure. We also compute separate returns to owners...
Persistent link: https://www.econbiz.de/10005561628