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's technology gaps both with the U.S. and India between 1979 and 2008, comparing the technology level of these economies using a CES … but differs from the Malmquist index. We determine the parameter values for country technology by using calibration … India and the U.S. for the period before 2008. The pairwise gaps between the U.S. and China, and the U.S. and India remain …
Persistent link: https://www.econbiz.de/10013013187
cycle. Finally, recent policy initiatives suggest that India is poised to replace China as the dominant periphery country …
Persistent link: https://www.econbiz.de/10013047779
What is the impact of trade policy in developing countries? We address the question in the context of interwar India …
Persistent link: https://www.econbiz.de/10013294380
are against China; India, in turn, is the largest source of initiation against China by number of actions. Here we explore …
Persistent link: https://www.econbiz.de/10013094234
The paper tests the Balassa-Samuelson hypothesis (rapid economic growth is accompanied by real exchange rate appreciation because of differential productivity growth between tradable and nontradable sectors) using data of the APEC economies. Japan, Korea, Taiwan and, to a lesser extent, Hong...
Persistent link: https://www.econbiz.de/10013229824
preferences, habits, and jumps. The metrics describe the pricing kernel's dispersion (the entropy of the title) and dynamics (time … dependence, a measure of how entropy varies over different time horizons). We show how each model generates entropy and time … approximations -- clarifies the mechanisms underlying these models. It also reveals, in some cases, tension between entropy, which …
Persistent link: https://www.econbiz.de/10013122464
This paper analyzes the extent to which the Internet's global domain name resolution (DNS) system has preserved its distributed resilience given the rise of cloud-based hosting and infrastructure. We explore trends in the concentration of the DNS space since at least 2011. In addition, we...
Persistent link: https://www.econbiz.de/10012927037
), foreign government bonds (claims to foreign currency), inflation-adjusted bonds (claims to the price index), and equity …
Persistent link: https://www.econbiz.de/10012994905
entropy cost functions that better match this feature of the data and that retain key simplifying features of the Shannon …
Persistent link: https://www.econbiz.de/10013077941
We provide a full behavioral characterization of the standard Shannon model of rational inattention. The key axiom is "Invariance under Compression", which identifies this model as capturing an ideal form of attention-constrained choice. We introduce tractable generalizations that allow for many...
Persistent link: https://www.econbiz.de/10012950055