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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
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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
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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
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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
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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
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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
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Estimating the Benefits of New Products
Diewert, Erwin - 2019
A major challenge facing statistical agencies is the problem of adjusting price and quantity indexes for changes in the availability of commodities. This problem arises in the scanner data context as products in a commodity stratum appear and disappear in retail outlets. Hicks suggested a...
Persistent link: https://www.econbiz.de/10012867897
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The (Interesting) Dynamic Properties of the Neoclassical Growth Model with Ces Production
Smetters, Kent A. - 2022
Despite being the standard growth model for several decades, little is actually known analytically about the dynamic properties of the neoclassical Ramsey-Cass-Koopmans growth model. This paper derives analytically the properties of the endogenous saving rate when technology takes the Constant...
Persistent link: https://www.econbiz.de/10013324035
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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
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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