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Looking into the Black Box of Boosting: The Case of Germany
Lehmann, Robert; Wohlrabe, Klaus - 2015
This paper looks into the ’fine print’ of boosting for economic forecasting. By using German industrial production for the period from 1996 to 2014 and a data set consisting of 175 monthly indicators, we evaluate which indicators get selected by the boosting algorithm over time and four...
Persistent link: https://www.econbiz.de/10011431219
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The Forecasting Power of the ifo Business Survey
Lehmann, Robert - 2020
The ifo Institute is Germany’s largest business survey provider, with the ifo Business Climate Germany as one of the most important leading indicators for gross domestic product. However, the ifo Business Survey is not solely limited to the Business Climate and also delivers a multitude of...
Persistent link: https://www.econbiz.de/10012227631
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Railways and the Productivity Gap in Italy: Persistence and Divergence after Unification
Pontarollo, Nicola; Ricciuti, Roberto - 2015
productivity, but this effect was stronger in the areas in which railways were already built. Moreover, railways helped industrial …
Persistent link: https://www.econbiz.de/10011307101
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Labor Market Policies and European Crises
Bertola, Giuseppe - 2013
This paper studies theoretically and empirically why and how labor policies may reduce productivity and employment in …
Persistent link: https://www.econbiz.de/10010328760
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Productivity as if Space Mattered: An Application to Factor Markets Across China
Cheng, Wenya; Morrow, John; Tacharoen, Kitjawat - 2013
results quantify the role of regional factor markets in firm productivity and location. Considering modern China as a large …
Persistent link: https://www.econbiz.de/10010328857
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Productivity Response to a Contract Change
Jayaraman, Rajshri; Ray, Debraj; de Véricourt, Francis - 2014
This paper studies the productivity impact of a contract change for tea pluckers in an Indian plantation. The contract …
Persistent link: https://www.econbiz.de/10010333400
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Can General Purpose Technology Theory Explain Economic Growth? Electrical Power as a Case Study
Ristuccia, Cristiano Andrea; Solomou, Solomos - 2014
Does the concept of General Purpose Technologies help explain periods of faster and slower productivity advance in …, Britain, France, Germany and Japan and proceeds to evaluate the hypothesis of a productivity bonus as postulated by many … there was no generalized productivity boost from electrical power diffusion as postulated by many existing GPT models. The …
Persistent link: https://www.econbiz.de/10010333435
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Growing Productivity without Growing Wages: The Micro-Level Anatomy of the Aggregate Labor Share Decline
Kehrig, Matthias; Vincent, Nicolas - 2017
The aggregate labor share in U.S. manufacturing declined dramatically over the last three decades: Since the mid-1980’s, the compensation for labor declined from 67% to 47% of value added which is unseen in any other sector of the U.S. economy. The labor share of the typical U.S. manufacturing...
Persistent link: https://www.econbiz.de/10011657175
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The Origins of Firm Heterogeneity: A Production Network Approach
Bernard, Andrew B.; Dhyne, Emmanuel; Magerman, Glenn; … - 2019
This paper quantifies the origins of firm size heterogeneity when firms are interconnected in a production network. Using the universe of buyer-supplier relationships in Belgium, the paper develops a set of stylized facts that motivate a model in which firms buy inputs from upstream suppliers...
Persistent link: https://www.econbiz.de/10012018138
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The importance of consumer taste in trade
Aw, Bee Yan; Lee, Yi; Vandenbussche, Hylke - 2019
This paper documents the importance of consumer taste in trade flows using Belgian firm-product customs data by destination. We identify consumer taste through the use of a control function approach and estimate it jointly with other demand parameters using a very flexible demand specification....
Persistent link: https://www.econbiz.de/10012018271