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The welfare contributions of the digital economy, characterized by the proliferation of new and free goods, are not well-measured in our current national accounts. We derive explicit terms for the welfare contributions of these goods and introduce a new metric, GDP-B which quantifies their...
Persistent link: https://www.econbiz.de/10012889499
The national-income accounts double-count investment, which enters once when it occurs and again in present value as rental income on added capital. The double-counting implies over-statement of levels of GDP and national income. Across countries, those with higher propensities to invest...
Persistent link: https://www.econbiz.de/10012870726
insurance recommendations provided by economic financial planning software and the practical application of traditional … financial planning software. The two software programs are Economic Security Planner (ESPlanner), developed by Economic Security … stylized and 4 of which are actual households. The two software programs recommend dramatically different levels of saving or …
Persistent link: https://www.econbiz.de/10012763772
A substantial amount of money is spent on technology by schools, families and policymakers with the hope of improving educational outcomes. This paper explores the theoretical and empirical literature on the impacts of technology on educational outcomes. The literature focuses on two primary...
Persistent link: https://www.econbiz.de/10012992629
We consider problems originating in economics that may be solved automatically using mathematical software. We present …
Persistent link: https://www.econbiz.de/10012919313
This guide provides a practical introduction to parallel computing in economics. After a brief introduction to the basic ideas of parallelization, we show how to parallelize a prototypical application in economics using, on CPUs, Julia, Matlab, R, Python, C++-OpenMP, Rcpp–OpenMP, and C++-MPI,...
Persistent link: https://www.econbiz.de/10012920352
Many applications involve a censored dependent variable and an endogenous independent variable. Chernozhukov, Fernandez-Val, and Kowalski (2015) introduced a censored quantile instrumental variable estimator (CQIV) for use in those applications, which has been applied by Kowalski (2016), among...
Persistent link: https://www.econbiz.de/10012929551
Improvements in the software that provides hardware management, user interface and platform functions have played a … components of PC systems so as to keep pace with rapid advances in computer technologies the development of applications software … responsibility for making the interacting components of the PC work together. D. The desire to bundle multiple software features into …
Persistent link: https://www.econbiz.de/10013221930
This paper documents the increasing importance of software for successful innovation in manufacturing sectors well … firms in the software intensity of their innovative activity. Firms that exhibit a higher level of software intensity … that geographic differences in the abundance of skilled software labor are an important factor in determining sample firms …
Persistent link: https://www.econbiz.de/10013224340
We present PublicationHarvester, an open-source software tool for gathering publication information on individual life … scientists. The software interfaces with MEDLINE, and allows the end-user to specify up to four MEDLINE-formatted names for each …/editorials, etc.) The software also generates a keywords report at the scientist-year level, using the Medical Subject Headings (MeSH …
Persistent link: https://www.econbiz.de/10013226588