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Relative Prices and Sectoral Productivity

Duarte, Margarida - 2017

The relative price of services rises with development. A standard interpretation of this fact is that productivity … differences across countries are larger in manufacturing than in services. The service sector comprises heterogeneous categories … negative income elasticity of relative prices, whereas the relative price of aggregate services is mostly driven by large …

Persistent link: https://www.econbiz.de/10012944629

The Consumption Response to Income Changes

Jappelli, Tullio - 2010

restrictions that the theory imposes on the joint behavior of consumption and income growth, and combining realizations and …

Persistent link: https://www.econbiz.de/10013147962

Measuring How Risk Tradeoffs Adjust with Income

Evans, Mary F. - 2010

Efforts to reconcile inconsistencies between theory and estimates of the income elasticity of the value of a …

Persistent link: https://www.econbiz.de/10013150841

Per-Capita Income as a Determinant of International Trade and Environmental Policies

Markusen, James R. - 2013

International trade policy analysis has tended to focus on the production side of general equilibrium, with policies such as a tariff or carbon tax affecting international and internal income distributions through a Heckscher-Ohlin nexus of factor intensities and factor endowments. Here I move...

Persistent link: https://www.econbiz.de/10013071509

Is the Taxable Income Elasticity Sufficient to Calculate Deadweight Loss? The Implications of Evasion and Avoidance

Chetty, Raj - 2008

Since Feldstein (1999), the most widely used method of calculating the excess burden of income taxation is to estimate the effect of tax rates on reported taxable income. This paper reevaluates the taxable income elasticity as a measure of excess burden when individuals can evade or avoid taxes....

Persistent link: https://www.econbiz.de/10012772448

On Bunching and Identification of the Taxable Income Elasticity

Blomquist, Soren - 2017

The taxable income elasticity is a key parameter for predicting the effect of tax reform or designing an income tax. Bunching at kinks and notches in a single budget set have been used to estimate the taxable income elasticity. We show that when the heterogeneity distribution is unrestricted the...

Persistent link: https://www.econbiz.de/10012940809

Expansion of Trade at the Extensive Margin : A General Gains-from-Trade Result and Illustrative Examples

Markusen, James R. - 2010

) by adding newly traded goods and services and that much of this new trade is in intermediates. I provide an extension of …

Persistent link: https://www.econbiz.de/10013144508

Trade Induced Structural Change and the Skill Premium

Cravino, Javier - 2017

and services are traded with different intensities. Manufacturing trade reduces manufacturing prices worldwide, which … reduces manufacturing employment if manufactures and services are complements. We document that manufacturing production is …

Persistent link: https://www.econbiz.de/10012954463

Labor Productivity : Structural Change and Cyclical Dynamics

Bartelsman, Eric J.; Haltiwanger, John C.; Baily, … - 2021

A longstanding puzzle of empirical economics is that average labor productivity declines during recessions and increases during booms. This paper provides a framework to assess the empirical importance of competing hypotheses for explaining the observed procyclicality. For each competing...

Persistent link: https://www.econbiz.de/10013219301

Conceptually Based Measures of Structural Adaptability

Krishna, Kala - 2021

This paper provides definitions and measures of the extent of adaptability of an economy to exogenous changes in product prices, factor availability and technological change. It is argued that flexibility can in general only be defined relative to the exogenous changes that occur. Using a dual...

Persistent link: https://www.econbiz.de/10013219307