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Export Supply and Import Demand Functions : A Production Theory Approach

Diewert, W. Erwin - 1986

In this paper we theoretically and empirically model import demand and export supply behavior of firms for the U.S. economy from 1967-1982. A producer theoretic approach based on duality theory is used to derive econometric systems of producer supply and demand functions that are consistent with...

Persistent link: https://www.econbiz.de/10012477060

Doomed to Deficits? Aggregate U.S. Trade Flows Re-Examined

Chinn, Menzie D. - 2003

This paper examines the stability of import and export demand functions for the United States over the 1975q1-2001q2 period. Using the Johansen maximum likelihood approach, an export demand function is readily identified. In contrast, there appears to be a structural break in the import demand...

Persistent link: https://www.econbiz.de/10012469181

MPC Heterogeneity in Europe : Sources and Policy Implications

Ampudia, Miguel - 2018

. The estimation of key parameters uses a simulated method of moments approach to match moments related to asset market … estimation are used to characterize the distributions of the marginal propensity to consume across households for each of the … France while expansions have a larger impact in Italy and Spain …

Persistent link: https://www.econbiz.de/10012480733

Inequality, Nonhomothetic Preferences, and Trade : A Gravity Approach

Dalgin, Muhammed - 2004

In this paper, we show that inequality is an important determinant of import demand, in that it augments the standard gravity model in a significant way. We interpret this result with the aid of a model in which tastes are nonhomothetic. Classification of products, based on the correlation...

Persistent link: https://www.econbiz.de/10012467890

Regression Discontinuity and the Price Effects of Stock Market Indexing

Chang, Yen-cheng - 2013

Studies find price increases for additions to the S&P 500 index but no decreases for deletions. Additions come with good earnings news, suggesting these studies are not just measuring an indexing effect. We develop a regression discontinuity design using Russell Indices for cleaner...

Persistent link: https://www.econbiz.de/10012459371

Polls, the Press, and Political Participation : The Effects of Anticipated Election Closeness on Voter Turnout

Bursztyn, Leonardo - 2017

Models of voting, including the canonical rational voter model, predict that voters are more likely to turn out when they anticipate a closer election. Yet, evidence of a causal effect of anticipated election closeness on voter turnout is limited. We exploit naturally occurring variation in the...

Persistent link: https://www.econbiz.de/10012455191

Undertstanding the Home Market Effect and the Gravity Equation : The Role of Differentiating Goods

Feenstra, Robert C. - 1998

This paper argues that the theoretical foundations for the gravity equation are general, while the empirical performance of the gravity equation is specific to the type of goods examined. Most existing theory for the gravity equation depends on the assumption of differentiated goods. We show...

Persistent link: https://www.econbiz.de/10012472009

GVCs and Trade Elasticities with Multistage Production

Johnson, Robert C. - 2019

We build a quantitative model of trade with multistage manufacturing value chains, which features iceberg trade costs and technology differences across both goods and production stages. We estimate technology and trade costs via the simulated method of moments, matching bilateral shipments of...

Persistent link: https://www.econbiz.de/10012479967

Gravity and Comparative Advantage : Estimation of Trade Elasticities for the Agricultural Sector

Heerman, Kari E.R. - 2018

In this paper, a structural gravity model is presented which features intra-sector heterogeneity in agricultural productivity systematically linked to land and climate characteristics. The "systematic heterogeneity" (SH) gravity model predicts that countries with similar land and climate...

Persistent link: https://www.econbiz.de/10012452949

Measuring the Value of a Statistical Life : Problems and Prospects

Ashenfelter, Orley - 2006

Tradeoffs between monetary wealth and fatal safety risks are summarized in the value of a statistical life (VSL), a measure that is widely used for the evaluation of public policies in medicine, the environment, and transportation safety. This paper demonstrates the widespread use of this...

Persistent link: https://www.econbiz.de/10012466755

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