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Aggregation Issues in Integrating and Accelerating BEA's Accounts : Improved Methods for Calculating GDP by Industry
Moyer, Brian - 2005
statistical discrepancy, differences in aggregation methods, or the contributions formula. Moreover, we demonstrate that with … consistent data, use of BEA's Fisher-Ideal aggregation procedures to aggregate value added over industries yields the same … estimate of real GDP as aggregation over final commodities. Thus, two major approaches to measuring real GDP -- "expenditures …
Persistent link: https://www.econbiz.de/10012467614
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The Long-Run Effects of Sports Club Vouchers for Primary School Children
Marcus, Jan; Siedler, Thomas; Ziebarth, Nicolas R. - National Bureau of Economic Research - 2021
Starting in 2009, the German state of Saxony distributed sports club membership vouchers among all 33,000 third graders in the state. The policy's objective was to encourage them to develop a long-term habit of exercising. In 2018, we carried out a large register-based survey among several...
Persistent link: https://www.econbiz.de/10012533368
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Aggregate Job Destruction and Inventory Liquidation
Hall, Robert E. - 1999
In a recession, jobs are destroyed and inventories are liquidated. I concentrate on the intertemporal mechanisms that result in economy-wide job destruction and inventory runoffs. Forces that raise the real interest rate -- especially temporarily -- also cause destruction and runoffs. I consider...
Persistent link: https://www.econbiz.de/10012471899
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Aggregate Productivity Growth : Lessons from Microeconomic Evidence
Foster, Lucia - 1998
In this paper, we exploit establishment-level data to examine the relationship between microeconomic productivity dynamics and aggregate productivity growth. After synthesizing the evidence from recent studies, we conduct our own analysis using establishment-level data for U.S. manufacturing...
Persistent link: https://www.econbiz.de/10012472010
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Aggregate Investment
Caballero, Ricardo J. - 1997
progress" has occurred at the level of microeconomic theories and evidence; however aggregation and general equilibrium aspects …
Persistent link: https://www.econbiz.de/10012472548
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Alternative Strategies for Aggregating Prices in the CPI
Shapiro, Matthew D. - 1997
The Consumer Price Index does not take into account the fact that consumers alter the composition of their purchases in response to changes in relative prices. This substitution effect will cause the CPI to grow faster than the cost of living. This paper presents new estimates showing that this...
Persistent link: https://www.econbiz.de/10012472841
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Cost of Capital for the United States, Japan, and Canada : An Attempt at Measurement Based on Individual Company Records and Aggregate National Acccoun
Ando, Albert - 1997
A conceptual basis is laid out for measuring the cost of capital for corpora- tions from data typically available in countries such as the US, Canada, and Japan. Attempts are made to carry out the measurement based both on the accounting records of individual companies and on the aggregate...
Persistent link: https://www.econbiz.de/10012472944
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Selection Bias Adjustment in Treatment-Effect Models as a Method of Aggregation
Moffitt, Robert A. - 1996
econometrics as a method of aggregation and to draw the implications of this interpretation. In addition, the paper notes the … connection of this interpretation with an older style of analysis using grouped data and illustrates the aggregation analogy with …
Persistent link: https://www.econbiz.de/10012473295
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Aggregation and the Estimated Effects of School Resources
Hanushek, Eric A. - 1996
effectiveness by highlighting the role of aggregation in the presence of omitted variables bias. While data aggregation for well …-specified linear models yields unbiased parameter estimates, aggregation alters the magnitude of any omitted variables bias. In general …, the theoretical impact of aggregation is ambiguous. In a very relevant special case where omitted variables relate to …
Persistent link: https://www.econbiz.de/10012473308
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Aggregate Productivity and the Productivity of Aggregates
Basu, Susanto - 1995
Explanations of procyclical productivity play a key role in a variety of business-cycle models. Most of these models, however, explain this procyclicality within a representative-firm paradigm. This procedure is misleading. We decompose aggregate productivity changes into several terms, each of...
Persistent link: https://www.econbiz.de/10012473485