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Capital-Labor-Energy Substitution in Nested Ces Production Functions for China

Shen, Keting - 2014

, nested CES production functions over multiple inputs have been widely used. Although lack of reliable estimates of … reports estimates of substitution elasticities for normalized nested CES aggregate production functions for China with …

Persistent link: https://www.econbiz.de/10013063761

Estimating Production Functions in Differentiated-Product Industries with Quantity Information and External Instruments

Roux, Nicolás de; Eslava, Marcela; Franco, Santiago; … - 2022

This paper develops a new method for estimating production-function parameters that can be applied in differentiated …

Persistent link: https://www.econbiz.de/10014241949

The Measurement of Wealth : Recessions, Sustainability and Inequality

Stiglitz, Joseph E. - 2015

This paper considers two central problems in our statistical frameworks which impair the ability to use wealth to assess economic sustainability or the impacts of economic downturns. Some increases in wealth may reflect increased economic rents—in particular, land and exploitation rents—and...

Persistent link: https://www.econbiz.de/10013019127

Will China Eat Our Lunch or Take Us Out to Dinner? Simulating the Transition Paths of the U.S., EU, Japan, and China

Fehr, Hans - 2009

This paper develops a dynamic, life-cycle, general equilibrium model to study the interdependent demographic, fiscal, and economic transition paths of China, Japan, the U.S., and the EU. Each of these countries/regions is entering a period of rapid and significant aging requiring major fiscal...

Persistent link: https://www.econbiz.de/10012767513

Wage Gaps vs. Output Gaps : is There a Common Story for All of Europe?

Gordon, Robert J. - 2010

Persistent link: https://www.econbiz.de/10012760232

Global Production with Export Platforms

Tintelnot, Felix - 2016

of multinational firms' location and production decisions and the welfare implications of multinational production. The … costs of foreign investment are large. Second, I calibrate the model to data on trade and multinational production for … divert a sizable fraction of the production of EU multinationals from the US to Canada …

Persistent link: https://www.econbiz.de/10012992631

Measuring the Gains from Trade Under Monopolistic Competition

Feenstra, Robert C. - 2010

Three sources of gains from trade under monopolistic competition are: (i) new import varieties available to consumers; (ii) enhanced efficiency as more productive firms begin exporting and less productive firms exit; (iii) reduced markups charged by firms due to import competition. The first...

Persistent link: https://www.econbiz.de/10013149703

Energy-Saving Technical Change

Hassler, John - 2014

We estimate an aggregate production function with constant elasticity of substitution between energy and a capital …

Persistent link: https://www.econbiz.de/10013065268

A Direct Estimate of the Technique Effect : Changes in the Pollution Intensity of Us Manufacturing 1990 - 2008

Levinson, Arik - 2014

explained by changes in the composition of US manufacturing - a shift towards producing relatively more goods whose production … technique effect support the research findings using indirect measures. From 1990 to 2008, production technique changes account …

Persistent link: https://www.econbiz.de/10013048607

Optimal Choice of Product Scope for Multiproduct Firms Under Monopolistic Competition

Feenstra, Robert C. - 2008

In this paper we develop a monopolistic competition model where firms exercise their market power across multiple products. Even with CES preferences, markups are endogenous. Firms choose their optimal product scope by balancing the net profits from a new variety against the costs of...

Persistent link: https://www.econbiz.de/10012773111