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Operational Time and Seasonality in Distributed Lag Estimation
Clark, Peter - 2021
The following paper discusses the analysis of some types of economic time series using an altered time scale, or … operational time. It is argued that for some series, observations that are ordinarily thought of as equidistant in time are … actually irregularly spaced in a more natural time scale. Section A discusses point or impulse sampling of related series and …
Persistent link: https://www.econbiz.de/10013217235
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Population Aging and Intergenerational Transfers : Introducing Age into National Accounts
Mason, Andrew W. - 2010
and time at the aggregate level. It encompasses reallocations achieved through capital accumulation and transfers …
Persistent link: https://www.econbiz.de/10012760498
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The Rise and Decline of General Laws of Capitalism
Acemoglu, Daron - 2014
Thomas Piketty's (2014) book, Capital in the 21st Century, follows in the tradition of the great classical economists, like Marx and Ricardo, in formulating general laws of capitalism to diagnose and predict the dynamics of inequality. We argue that general economic laws are unhelpful as a guide...
Persistent link: https://www.econbiz.de/10013039764
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The Roots of Gender Inequality in Developing Countries
Jayachandran, Seema - 2014
Is the high degree of gender inequality in developing countries--in education, personal autonomy, and more--explained by underdevelopment itself? Or do the societies that are poor today hold certain cultural views that lead to gender inequality? This article discusses several mechanisms through...
Persistent link: https://www.econbiz.de/10013048998
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Growth, Urbanization and Poverty Reduction in India
Datt, Gaurav - 2016
Longstanding development issues are revisited in the light of our newly-constructed dataset of poverty measures for India spanning 60 years, including 20 years since reforms began in earnest in 1991. We find a downward trend in poverty measures since 1970, with an acceleration post-1991, despite...
Persistent link: https://www.econbiz.de/10012998952
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Human Capital, Economic Growth, and Inequality in China
Heckman, James J. - 2012
China's rapid growth was fueled by substantial physical capital investments applied to a large stock of medium skilled labor acquired before economic reforms began. As development proceeded, the demand for high skilled labor has grown, and, in the past decade, China has made substantial...
Persistent link: https://www.econbiz.de/10013106083
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Trends and Cycles in China's Macroeconomy
Chang, Chun - 2015
We make four contributions in this paper. First, we provide a core of macroeconomic time series usable for systematic … assumptions are corroborated by institutional details, disaggregated data, and banking time series, all of which are distinctive …
Persistent link: https://www.econbiz.de/10013021472
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Has the Business Cycle Changed and Why?
Stock, James H.; Watson, Mark W. - 2021
volatility using a large number of U.S. economic time series and a variety of methods designed to describe time-varying time …
Persistent link: https://www.econbiz.de/10013311853
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Univariate vs. Multivariate Forecasts of Gnp Growth and Stock Returns : Evidence and Implications for the Persistence of Shocks, Detrending Methods
Cochrane, John H. - 2021
shocks to GNP and time-variation in expected stock returns. I find that GNP has an almost entirely transitory response to a …
Persistent link: https://www.econbiz.de/10013228027
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Fractionalization
Alesina, Alberto F.; Easterly, William; Devleeschauwer, … - 2021
We provide new measures of ethnic, linguistic and religious fractionalization for about 190 countries. These measures are more comprehensive than those previously used in the economics literature and we compare our new variables with those previously used. We also revisit the question of the...
Persistent link: https://www.econbiz.de/10013238939