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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

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

Analysis of Pay Inequality and its Impacts on Growth and Performance in the Korean Manufacturing Industry

Kim, Yunhee; Lee, Jeong-Dong; Heshmati, Almas - Institute for the Study of Labor (IZA) - 2008

This paper examines the relationship between pay inequality, economic growth, and performance in Korea. Pay inequality is estimated by using Theil's index to identify the factors determining the level of pay inequality, and establish its relationship with economic growth and performance. For the...

Persistent link: https://www.econbiz.de/10005761692

Efficiency and Effectiveness of Social Spending

Herrmann, Peter; Tausch, Arno; Heshmati, Almas; … - Institute for the Study of Labor (IZA) - 2008

In this qualitative sociological and quantitative economic policy paper, we start out from the assumption of a very recent European Commission Background paper on the “Efficiency and effectiveness of social spending”, which says the effectiveness of social spending can be defined by the...

Persistent link: https://www.econbiz.de/10005762307

Asabiyya: Re-Interpreting Value Change in Globalized Societies

Tausch, Arno; Heshmati, Almas - Institute for the Study of Labor (IZA) - 2009

This article reflects the renewed interest of economics and the social science discipline in value systems and religion. The World Values Survey provided a data framework of global value change, whose quantitative results led Barro (2004) to analyze the connections between some dimensions of...

Persistent link: https://www.econbiz.de/10008565187

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