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Quality Change and Other Influences on Measures of Export Prices of Manufactured Goods and the Terms of Trade between Primary Products and Manufacture
Lipsey, Robert E. - 2022
Measures of long term trends in world export prices of manufactured goods and in the terms of trade between manufactured goods and primary products are sensitive to the choice of country weights and of base periods and, most important of all, the treatment of quality change. Later base periods...
Persistent link: https://www.econbiz.de/10013324614
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Trade Prices and the Global Trade Collapse of 2008-2009
Gopinath, Gita - 2011
We document the behavior of trade prices during the Great Trade Collapse of 2008-2009 using transaction-level data from the U.S. Bureau of Labor Statistics. First, we find that differentiated manufactures exhibited marked stability in their trade prices during the large decline in their trade...
Persistent link: https://www.econbiz.de/10013118418
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Labor-Market Heterogeneity, Aggregation, and the Lucas Critique
Chang, Yongsung - 2010
asset markets and indivisible labor supply. Imperfect aggregation manifests itself through preference shocks in the …
Persistent link: https://www.econbiz.de/10013137761
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The Human Capital Stock : a Generalized Approach
Jones, Benjamin F. - 2011
This paper presents a new framework for human capital measurement. The generalized framework can (i) substantially amplify the role of human capital in accounting for cross-country income differences and (ii) reconcile the existing conflict between regression and accounting evidence in assessing...
Persistent link: https://www.econbiz.de/10013119778
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Network Structure and the Aggregation of Information : Theory and Evidence from Indonesia
Alatas, Vivi - 2012
how network structure influences information aggregation. We develop a model of semi-Bayesian learning on networks, which …
Persistent link: https://www.econbiz.de/10013101274
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Risks for the Long Run : Estimation with Time Aggregation
Bansal, Ravi - 2012
us to estimate models with recursive preferences, latent state variables, and time-aggregated data. Time-aggregation … makes the decision interval of the agent an important parameter to estimate. We find that time-aggregation can significantly … affect parameter estimates and statistical inference. Imposing the pricing restrictions and explicitly accounting for time-aggregation …
Persistent link: https://www.econbiz.de/10013101822
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Unanimous Rules in the Laboratory
Bouton, Laurent - 2016
We study the information aggregation properties of unanimous voting rules in the laboratory. In line with theoretical …
Persistent link: https://www.econbiz.de/10012999989
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Aggregate Land Rents and Aggregate Transport Costs
Arnott, Richard J. - 2001
This paper explores the relationship between aggregate land rents and aggregate transport costs for land markets in which locations differ solely in terms of accessibility. That there exists a relationship between land rents and transport costs has been recognized at least since the time of von...
Persistent link: https://www.econbiz.de/10012787780
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Machine Learning for Regularized Survey Forecast Combination : Partially-Egalitarian Lasso and its Derivatives
Diebold, Francis X. - 2018
Despite the clear success of forecast combination in many economic environments, several important issues remain incompletely resolved. The issues relate to selection of the set of forecasts to combine, and whether some form of additional regularization (e.g., shrinkage) is desirable. Against...
Persistent link: https://www.econbiz.de/10012911728
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A Short Note on Aggregating Productivity
Baqaee, David - 2019
This paper discusses two simple decompositions for aggregate productivity analysis in the presence of distortions and in general equilibrium. The first is a generalization of Baqaee and Farhi (2017) and the second is due to Petrin and Levinsohn (2012). In the process, we propose a new...
Persistent link: https://www.econbiz.de/10012889959