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Does the Solow Residual for Korea Reflect Pure Technology Shocks?

Lim, Hyunjoon; Kim, Sangho - Econometric Society - 2004

This study investigates the relationship between the measured Solow residual and demand side variables for the Korean economy. The measured Solow residuals are shown to be Granger-caused by some demand side variables such as exports, M1, and government expenditure. A vector error correction...

Persistent link: https://www.econbiz.de/10005702722

How to Depart Earlier From a Recession?

Choi, Se Kyu; Larraín, Felipe - Econometric Society - 2004

explaining why some countries take more time than others recovering from economic downturns or recessions. This paper focuses on … recessions. We are not interested, however, in the causes of recessions, but in the determinants of their length; thus, we study … implications, as they shed light on which variables can help shorten recessions. From the estimation of count-data models (Poisson …

Persistent link: https://www.econbiz.de/10005129795

A Simple Dynamic Model of Big-push

Leow, Ian H.K. - Econometric Society - 2004

In 1943, Paul Rosenstein-Rodan first coined the term â€œbig-pushâ€ in his paper about growth in Eastern European economies. In 1989, Murphy et al. characterised the big-push as a static multi-equilibrium aggregate demand spillover model. Based on the model with a factory wage premium by...

Persistent link: https://www.econbiz.de/10005342173

Telecommunications Adoption Versus Adjustment Costs in an Era of Major Technological Change

Cooper, Russel J - Econometric Society - 2004

This study investigates interrelated factor demands for a multi-output technology (voice and data output) in the Australian telecommunication industry over a long period of time (1922 through 1983). While a dynamic model would appear to be necessary to investigate disequilibrium associated with...

Persistent link: https://www.econbiz.de/10005702560

Intelligence, Human Capital, and Economic Growth: An Extreme Bounds Analysis

Jones, Garett; Schneider, W. Joel - Econometric Society - 2004

Human capital plays an important role in the theory of economic growth, but it has been difficult to measure this abstract concept. We survey the psychological literature on cross-cultural IQ tests, and conclude that modern intelligence tests are well-suited for measuring an important form of a...

Persistent link: https://www.econbiz.de/10005328888

Why are poor countries poor?

Cohen, Daniel; Soto, Marcelo - Econometric Society - 2004

We attempt to explain why standard explanations of the poverty of nations are unsatisfactory. We first argue that human capital is low in poor countries because its production has increasing returns with respect to life expectancy. We then show that the reason why capital does not flow to poor...

Persistent link: https://www.econbiz.de/10005328912

Firm Entry, Productivity Differentials and Turnovers in Import Substituting Markets: A study of the petrochemical industry in Colombia

Gutierrez, Luis; Pombo, Carlos - Econometric Society - 2004

This paper analyses plant entry, total factor productivity growth, average productivity level differentials and turnovers across Colombia's petrochemical industry for the 1974-1998 period. Results show that successful entrants shaped industry productivity and induced plant restructuring among...

Persistent link: https://www.econbiz.de/10005328914

Malmquist, Fisher and Tornqvist Productivity Indexes

Lovell, Knox - Econometric Society - 2004

In this presentation I view a Malmquist productivity index as a theoretical index with desirable properties. I then discuss the properties of three approximations to it: an empirical Malmquist index, and Fisher and Tornqvist indexes. Next I discuss the decomposition properties of the theoretical...

Persistent link: https://www.econbiz.de/10005342143

The Productivity Debate of East Asia Revisited: A Stochastic Frontier Approach

Lee, Young Hoon; Kim, Sangho - Econometric Society - 2004

This paper applies a stochastic frontier production model to the data from Penn World Tableâ€™s 49 countries over the period 1965-1990, to decompose total factor productivity growth into technical change and technical efficiency change. Empirical results show East Asian countries led the...

Persistent link: https://www.econbiz.de/10005342321

The Role of Components of Demographic Change on Economic Development: Did the Trend Change?

Mishra, Tapas K. - Econometric Society - 2004

In this paper, we investigate the role of the components of demographic change on economic development. Population growth has both positive and negative effects on income growth. Kelley and Schmidt (1995) states that high birth rates are costly in terms of growth but this effect can be offset by...

Persistent link: https://www.econbiz.de/10005342346