Showing 1 - 10 of 61
We quantify general equilibrium effects of place-based policies in a multiregion framework with mobility, trade and agglomeration economies. Using detailed data on EU transfers, we infer the local effects of different transfer types on productivity, income and transportation cost. Based on these...
Persistent link: https://www.econbiz.de/10012112062
In this paper, we compare Principal Component Analysis (PCA) and Partial Least Squares (PLS) methods to generate weights for composite indices. In this context we also consider various treatments of non-metric variables when constructing such composite indices. Using simulation studies we find...
Persistent link: https://www.econbiz.de/10010500172
The Human Development Index (HDI) published in the Human Development Report (HDR) of the United Nations Development Program is calculated as a simple average of the Life Expectancy Index (LEI), the Education Index (EI) and the Gross Domestic Product Index (GDPI). This paper provides statistical...
Persistent link: https://www.econbiz.de/10010329981
Statistics Norway has a long history of using scanner data in the Consumer Price Index (CPI). The early research - in Norway as well as internationally - was focused on supermarket data which consists largely of stable items. The attention has since gradually shifted towards the parts of...
Persistent link: https://www.econbiz.de/10012145559
We examine estimation of a model of producer behavior in the presence of correlated measurement errors in the regressors. Scale economies and price-cost margins are estimated from a set of panel data for manufacturing plants. The paper presents a somewhat new model for estimation of these...
Persistent link: https://www.econbiz.de/10011967884
This paper develops a new framework for empirical modelling of consumer demand with particular reference to products that are differentiated with respect to quality and location attributes. The point of departure is a flexible representation of the distribution of product attributes and consumer...
Persistent link: https://www.econbiz.de/10011967938
In this paper we discuss statistical inference associated with the theoretical model developed in Part I. Specifically, we demonstrate how the relationship between the distribution of prices and unit values can be exploited to estimate some of the structural parameters. These estimates are...
Persistent link: https://www.econbiz.de/10011967939
Traditional approaches to consumer demand modelling ignores the problem associated with product heterogeneity where important product characteristics are latent. The point of departure in the present study is a particular framework developed in Dagsvik (1996a,b) and Dagsvik et al. (1998). In...
Persistent link: https://www.econbiz.de/10011967995
This paper discusses a particular approach to empirical consumer demand modelling when products are differentiated and the product attributes are unobservable. In contrast to the traditional approach to this problem, see e.g. Epple (1987) and Deaton (1987, 1988), where the product variants are...
Persistent link: https://www.econbiz.de/10011968000
This paper discusses the properties of price- and Cost-of-Living indexes that follow from specific assumptions about the structure of consumer preferences. Of particular interest are indexes for elementary aggregates. In the first part of the paper we show how particular indexes for elementary...
Persistent link: https://www.econbiz.de/10011968005