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Innovation, Growth, and Dynamic Gains from Trade

Hsu, Wen-Tai - 2019

trade affects the incentives for technological advancement. We construct an innovation-based endogenous growth model of … North-South trade. There are two types of innovation: one by the North to upgrade the general purpose technology (GPT) and … estimates where the effects of GPT-driven innovation are eliminated. The share of dynamic gains from trade is about 78% of the …

Persistent link: https://www.econbiz.de/10012480413

Macro Needs Micro

Ghironi, Fabio - 2017

cycle analysis, the study of stabilization policies, and growth macro, as well as between international macroeconomics and …

Persistent link: https://www.econbiz.de/10012453875

Macroeconomics Forecasts and Microeconomic Forecasters

Lamont, Owen - 1995

In the presence of principal-agent problems, published macroeconomic forecasts by professional economists may not measure expectations. Forecasters may use their forecasts in order to manipulate beliefs about their ability. I test a cross-sectional implication of models of reputation and...

Persistent link: https://www.econbiz.de/10012473586

The Theory and the Facts of How Markets Clear : Is Industrial Organization Valuable for Understanding Macroeconomics?

Carlton, Dennis W. - 1987

This paper examines what industrial organization economists know and don't know about how markets clear. It reviews the empirical evidence which shows that, at least for some industries, price behavior is peculiar with prices failing to adjust over long periods of time. The paper discusses...

Persistent link: https://www.econbiz.de/10012476892

Macroeconomic Analysis and Microeconomic Analyses of Labor Supply

Ashenfelter, Orley - 1984

This paper reports on the current status of the microeconomic research on labor supply behavior. The purpose is to direct attention to microeconomic research that may be helpful in the continuing evaluation of aggregate models designed to explain the dynamic behavior of wages, employment and...

Persistent link: https://www.econbiz.de/10012477586

Markups and Markdowns

Syverson, Chad - National Bureau of Economic Research - 2024

Interest in market power has recently surged among economists in many fields, well beyond its traditional home in industrial organization. This has focused empirical attention on markups, the ratios of price to marginal cost in product markets, and markdowns, the ratios of inputs' marginal...

Persistent link: https://www.econbiz.de/10015056198

Program Evaluation and Research Designs

DiNardo, John - 2010

This chapter provides a selective review of some contemporary approaches to program evaluation. One motivation for our review is the recent emergence and increasing use of a particular kind of "program" in applied microeconomic research, the so-called Regression Discontinuity (RD) Design of...

Persistent link: https://www.econbiz.de/10012462637

David Laidler on Monetarism

Bordo, Michael - 2006

David Laidler has been a major player in the development of the monetarist tradition. As the monetarist approach lost influence on policy makers he kept defending the importance of many of its principles. In this paper we survey and assess the impact on monetary economics of Laidler's work on...

Persistent link: https://www.econbiz.de/10012466068

The Macroeconomist as Scientist and Engineer

Mankiw, N. Gregory - 2006

This essay offers a brief history of macroeconomics, together with an evaluation of what has been learned over the past several decades. It is based on the premise that the field has evolved through the efforts of two types of macroeconomist-- those who understand the field as a type of...

Persistent link: https://www.econbiz.de/10012466316

Macroeconomics, Aging and Growth

Lee, Ronald - 2016

Inevitable population aging and slower population growth will affect the economies of all nations in ways influenced by … partially offsets slower labor force growth. Research to date finds little effect on technological progress or labor …

Persistent link: https://www.econbiz.de/10012456365

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