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The political economy of early Covid-19 interventions in US states
Gonzalez-Eiras, Martín; Niepelt, Dirk - 2022
We investigate how politico-economic factors shaped government responses to the spread of COVID-19. Our simple framework uses epidemiological, economic and politico-economic arguments. Confronting the theory with US state level data we find strong evidence for partisanship even when we control...
Persistent link: https://www.econbiz.de/10012801483
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Technology shocks and aggregate fluctuations in an estimated hybrid RBC model
Malley, James R.; Woitek, Ulrich - 2009
technology shocks in explaining aggregate fluctuations. To this end we estimate the model's posterior density using Markov …
Persistent link: https://www.econbiz.de/10003833344
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Timing of technology adoption and product market competition
Milliou, Chrysovalantou; Petrakēs, Emmanuēl - 2009
This paper examines how product market competition affects firms' timing of adopting a new technology as well as …. When goods are differentiated enough, adoption occurs later than it is socially optimal. -- technology adoption …
Persistent link: https://www.econbiz.de/10003854416
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Heckscher-Ohlin theory when countries have different technologies
Fisher, Eric O'Neill - 2010
Rethinking the foundations of Heckscher-Ohlin theory when countries have different technologies, this paper shows how to make the proper adjustments for international productivity differences. The central tool is a factor conversion matrix that computes the local factor content of foreign...
Persistent link: https://www.econbiz.de/10003983245
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Business cycle effects of credit and technology shocks in a DSGE model with firm defaults
Pesaran, M. Hashem; Xu, TengTeng - 2011
This paper proposes a theoretical framework to analyze the impacts of credit and technology shocks on business cycle … different realizations of firm specific technology shocks, possibly leading to default by some firms. The paper advances a new … financial institutions in the transmission of credit and technology shocks to the real economy. A positive credit shock, defined …
Persistent link: https://www.econbiz.de/10009312180
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Technology agreements with heterogeneous countries
Hoel, Michael; Zeeuw, Aart de - 2014
For sufficiently low abatement costs many countries might undertake significant emission reductions even without any international agreement on emission reductions. We consider a situation where a coalition of countries does not cooperate on emission reductions but cooperates on the development...
Persistent link: https://www.econbiz.de/10010246011
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An empirically-based taxonomy of Dutch manufacturing : innovation policy implications
Raymond, Wladimir; Mohnen, Pierre A.; Palm, Franz C.; … - 2004
The paper studies the degree of homogeneity of innovative behavior in order to determine empirically an industry classification of Dutch manufacturing that can be used for policy purposes. We use a twolimit tobit model with sample selection, which explains the decisions by business enterprises...
Persistent link: https://www.econbiz.de/10011449855
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Generalized quadratic revenue functions
Chambers, Robert G. (contributor); Färe, Rolf (contributor) - 2008
Carlo evidence suggests that the quadratic specification more precisely represents technology. …
Persistent link: https://www.econbiz.de/10003751214
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Estimated US manufacturing production capital and technology based on an estimated dynamic economic model
Chen, Baoline (contributor); Zadrozny, Peter A. (contributor) - 2005
Production capital and technology, fundamental to understanding output and productivity growth, are unobserved except … of capital and technology for the sample period. We apply the method to annual data from 1947-97 for U.S. total …
Persistent link: https://www.econbiz.de/10003120218
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Technology lock-in and optimal carson pricing
Hawkins-Pierot, Jonathan T.; Wagner, Katherine R. H. - 2022
effects of entry-year electricity prices on subsequent energy intensity. We discuss how this "technology lock-in" increases …
Persistent link: https://www.econbiz.de/10013202425