Narrow search
Showing 1 - 10 of 2,426
Cover Image
Measuring the Contribution of Public Infrastructure Capital in Sweden
Berndt, Ernst R.; Hansson, Bengt - 2022
Our purpose in this paper is to examine how one might evaluate and measure the contribution of public infrastructure …, we find that increases in public infrastructure capital, ceteris paribus, reduce private sector costs. We compute that … amount of public infrastructure capital that would rationalize the cost savings incurred by the private business and …
Persistent link: https://www.econbiz.de/10014157865
Cover Image
Importing Skill-Biased Technology
Burstein, Ariel T. - 2011
Capital equipment - such as computers and industrial machinery - embodies skill-biased technology, in the sense that it is complementary to skilled labor. Most countries import a large share of their capital equipment, and by doing so import skill-biased technology. In this paper we develop a...
Persistent link: https://www.econbiz.de/10013119969
Cover Image
The Impact of Globalization on Pre-Industrial, Technologically Quiescent Economies
Williamson, Jeffrey G. - 2012
This paper uses a new pre-1940 Third World data base documenting real wages and relative factor prices to explore their … wages to land rents, on the other hand, declined up to World War I and so did the ratio of wages to GDP per capita. The …
Persistent link: https://www.econbiz.de/10013103885
Cover Image
The Impact of Globalization on Pre-Industrial, Technologically Quiescent Economies
Williamson, Jeffrey G. - 2012
This paper uses a new pre-1940 Third World data base documenting real wages and relative factor prices to explore their … wages to land rents, on the other hand, declined up to World War I and so did the ratio of wages to GDP per capita. The …
Persistent link: https://www.econbiz.de/10013112616
Cover Image
Mismatch and Assimilation
Wang, Ping - 2018
Income disparity across countries has been large and widening over time. We develop a tractable model where factor requirements in production technology do not necessarily match a country's factor input profile. Appropriate assimilation of frontier technologies balances such multi-dimensional...
Persistent link: https://www.econbiz.de/10012911691
Cover Image
The Impact of Globalization on Pre-Industrial, Technologically Quiescent Economies
Williamson, Jeffrey G. - 2021
This paper uses a new pre-1940 Third World data base documenting real wages and relative factor prices to explore their … wages to land rents, on the other hand, declined up to World War I and so did the ratio of wages to GDP per capita. The …
Persistent link: https://www.econbiz.de/10013231451
Cover Image
The Impact of Globalization on Pre-Industrial, Technologically Quiescent Economies
Williamson, Jeffrey G. - 2000
This paper uses a new pre-1940 Third World data base documenting real wages and relative factor prices to explore their … wages to land rents, on the other hand, declined up to World War I and so did the ratio of wages to GDP per capita. The …
Persistent link: https://www.econbiz.de/10014158843
Cover Image
Further Investigation of the Uncertain Unit Root in Gnp
Cheung, Yin-Wong; Chinn, Menzie David - 2021
A more powerful version of the ADF test and a test that has trend stationarity as the null are applied to U.S. GNP. Simulated critical values generated from plausible trend and difference stationary models are used in order to minimize possible finite sample biases. The discriminatory power of...
Persistent link: https://www.econbiz.de/10013218339
Cover Image
Unit Roots in Real Gnp : Do We Know, and Do We Care?
Christiano, Lawrence J.; Eichenbaum, Martin - 2021
No, and maybe not. [additional text from author's introduction] To us, the possibility of providing a compelling case that real GMP is either trend or difference stationary seems extremely small, certainly on the basis of post-war data. This is because there is only one difference between these...
Persistent link: https://www.econbiz.de/10013218726
Cover Image
Unit Roots in Macroeconomic Time Series : Some Critical Issues
McCallum, Bennett T. - 2021
This paper suggests that the relevant question concerning unit root' in the U.S. real GNP time series pertains to the relative importance of difference-stationary and trend-stationary components. Various analytical approaches indicate than an accurate answer is not obtainable with existing data....
Persistent link: https://www.econbiz.de/10013224193