Showing 1 - 10 of 117
This paper presents a simple decision-theoretic economic approach for analyzing social experiments with compromised random assignment protocols that are only partially documented. We model administratively constrained experimenters who satisfice in seeking covariate balance. We develop...
Persistent link: https://www.econbiz.de/10012481286
tariff, which comprise one-quarter of the countries in the world …
Persistent link: https://www.econbiz.de/10012456903
This paper distills and extends recent research on the economics of human development and social mobility. It summarizes the evidence from diverse literatures on the importance of early life conditions in shaping multiple life skills and the evidence on critical and sensitive investment periods...
Persistent link: https://www.econbiz.de/10012458740
will be incorporated into the next generation of the Penn World Table …
Persistent link: https://www.econbiz.de/10012460348
This paper examines the robustness of explanatory variables in cross-country economic growth regressions. It employs a novel approach, Bayesian Averaging of Classical Estimates (BACE), which constructs estimates as a weighted average of OLS estimates for every possible combination of included...
Persistent link: https://www.econbiz.de/10012471000
We develop a procedure to rank-order countries and commodities using dis-aggregated American imports data. We find strong evidence that both countries and commodities can be ranked, consistent with the product cycle' hypothesis. Countries habitually begin to export goods to the United States...
Persistent link: https://www.econbiz.de/10012472846
This paper describes two databases dealing with world bilateral trade flows: the World Trade Database (WTDB) assembled …
Persistent link: https://www.econbiz.de/10012472918
In this paper we examine the reduction in the relative employment and wages of unskilled workers in the U.S. during the 1980's. We argue that a contributing factor to this decline was rising imports reflecting the outsourcing of production activities. In a theoretical model, we show that any...
Persistent link: https://www.econbiz.de/10012473765
This paper explores the relationship between exchange rate pass-through and market share for monopolistically competitive exporters. Under fairly general assumptions we show that pass-through should be high for exporters based in a country with a very large share of total destination market...
Persistent link: https://www.econbiz.de/10012474552
We think of the expected real interest rate for ten OECD countries (our counterpart of the world economy) as determined … estimated the reduced form for CDP-weighted world averages of the expected short-term real interest rate and the investment … ratio over the period 1959-88. The estimates reveal significant effects in the predicted direction for world stock returns …
Persistent link: https://www.econbiz.de/10012475718