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Pesaran, Hashem; Chudik, Alexander - Institute for the Study of Labor (IZA) - 2011

This paper considers the problem of aggregation in the case of large linear dynamic panels, where each micro unit is … Pesaran (2003), an optimal aggregate function is derived, and the limiting behavior of the aggregation error is investigated … which ‘observed’ inflation persistence at the aggregate level is due to aggregation and/or common unobserved factors. Our …

Persistent link: https://www.econbiz.de/10008839293

Concept and Unintended Consequences of Weather Index Insurance: The Case of Mexico

Fuchs, Alan; Wolff, Hendrik - Institute for the Study of Labor (IZA) - 2011

Recently, Weather Index Insurance (WII) has received considerable attention as a tool to insure farmers against weather related risks, particularly in developing countries. Donor organizations, local governments, insurance companies, development economists as well as agricultural economists are...

Persistent link: https://www.econbiz.de/10009403387

Time to Eat: Household Production under Increasing Income Inequality

Hamermesh, Daniel S. - Institute for the Study of Labor (IZA) - 2006

Eating requires the food materials that make up meals and also time devoted to buying food, preparing meals and eating them, and cleaning up afterwards. Using time-diary and expenditure data for the U.S. for 1985 and 2003, I examine how income and time prices affect time and goods inputs into...

Persistent link: https://www.econbiz.de/10005700981

Econometric Mediation Analyses: Identifying the Sources of Treatment Effects from Experimentally Estimated Production Technologies with Unmeasured and Mismeasured Inputs

Heckman, James J.; Pinto, Rodrigo - Institute for the Study of Labor (IZA) - 2013

This paper presents an econometric mediation analysis. It considers identification of production functions and the sources of output effects (treatment effects) from experimental interventions when some inputs are mismeasured and others are entirely omitted.

Persistent link: https://www.econbiz.de/10010884208

Then and Now: Reflections on Two Australian Mining Booms

Gregory, Bob - Institute for the Study of Labor (IZA) - 2011

Australia is experiencing its largest mining boom for more than a century and a half. This paper explores, from a national perspective, important economic differences that arise when a mining boom, such as the current one, is generated by export price increases (trading gains) rather than export...

Persistent link: https://www.econbiz.de/10009294837

A General Model of Technical Change with an Application to the OECD Countries

Heshmati, Almas; Kumbhakar, Subal C. - Institute for the Study of Labor (IZA) - 2011

In the neoclassical production functions model technical change (TC) is assumed to be exogenous and it is specified as a function of time. However, some exogenous external factors other than time can also affect the rate of TC. In this paper we model TC via a combination of time trend (purely...

Persistent link: https://www.econbiz.de/10009323543

Migration, Openness and the Global Preconditions of 'Smart Development'

Tausch, Arno; Heshmati, Almas - Institute for the Study of Labor (IZA) - 2011

In this article, we present a first empirical reflection on 'smart development', its measurement, possible 'drivers' and 'bottlenecks'. We first provide cross-national data on how much ecological footprint is used in the nations of the world system to 'deliver' a given amount of democracy,...

Persistent link: https://www.econbiz.de/10009369100

Measuring Segregation When Hierarchy Matters

Hutchens, Robert M. - Institute for the Study of Labor (IZA) - 2012

This paper considers the problem of measuring segregation when groups form a hierarchy whereby some groups have greater economic status than others. While existing measures of segregation address the case where people are unequally distributed across groups with the same economic status, concern...

Persistent link: https://www.econbiz.de/10010555241

Regional Price Differences in Urban China 1986-2001: Estimation and Implication

Gong, Cathy Honge; Meng, Xin - Institute for the Study of Labor (IZA) - 2008

Despite the intensive efforts made by economists to examine regional income inequality in China, limited attention has been paid to disentangle the contribution of regional price differentials. This paper examines regional price differential in urban China over the period 1986 to 2001. Spatial...

Persistent link: https://www.econbiz.de/10005822212

Alternative Composite Lisbon Development Strategy Indices

Oh, Jong-Eun; Heshmati, Almas - Institute for the Study of Labor (IZA) - 2005

This study addresses the measurement of two composite Lisbon strategy indices that quantifies the level and patterns of development for ranking countries. The first index is nonparametric labelled as Lisbon strategy index (LSI). It is composed of six components: general economics, employment,...

Persistent link: https://www.econbiz.de/10005822326