Showing 1 - 10 of 2,252
New data-gathering techniques, often referred to as “Big Data” have the potential to improve statistics and empirical research in economics. In this paper we describe our work with online data at the Billion Prices Project at MIT and discuss key lessons for both inflation measurement and...
Persistent link: https://www.econbiz.de/10012995985
We characterize and demonstrate a solution method for an optimal commodity (sales) tax problem consisting of multiple goods, heterogeneous agents, and a nonconvex policy maker optimization problem. Our approach allows for more dimensions of heterogeneity than has been previously possible,...
Persistent link: https://www.econbiz.de/10013053844
A key challenge for research on many questions in the social sciences is that it is difficult to link historical records in a way that allows investigators to observe people at different points in their life or across generations. In this paper, we develop a new approach that relies on millions...
Persistent link: https://www.econbiz.de/10012863272
The last 40 years have seen huge innovations in computing technology and data availability. Data derived from millions of administrative records or by using (as we do) new methods of data generation such as text mining are now common. New data often requires new methods, which in turn can...
Persistent link: https://www.econbiz.de/10013309882
In this paper, I combine data on incidents associated with rail transportation of crude oil and detailed data on rail … shipments to appraise the relation between increased use of rail to transport crude oil and the risk of safety incidents … incidents, and a positive relation between increased rail shipments of crude oil and the occurrence of minor incidents. I also …
Persistent link: https://www.econbiz.de/10012918316
This paper considers functions of contracting other than the protection of relationship-specific investments and the provision of marginal incentives, and applies the theory to explain variation in the form of compensation of over-the-road truck drivers in the U.S. Specifically, we argue that...
Persistent link: https://www.econbiz.de/10013212570
responsible for 33 percent of world-wide trade-related emissions, and over 75 percent of emissions for major manufacturing … production emissions per dollar of exports are 16 percent below the world average, but once we include transport US emissions per … dollar exported are 59 percent above the world average. We use our data to systematically investigate whether trade inclusive …
Persistent link: https://www.econbiz.de/10013037917
shipping time, those effects are indeed magnified as the probability of default increases as time passes. Some exporters also …
Persistent link: https://www.econbiz.de/10013102708
A number of economic studies have used a proxy for world real economic activity derived from shipping costs. This … with world output, and ability to predict commodity prices. I conclude that measures derived from world industrial …
Persistent link: https://www.econbiz.de/10013233754
The standard source for pre-WWII global freight rate trends is the Isserlis British tramp shipping index. We think it … the precipitous decline in nominal freight rates before the World War I, but it also extends the series to the 1940s …. Furthermore, our new series is linked to the post-World War II era (documented by David Hummels), so that we can be more precise …
Persistent link: https://www.econbiz.de/10013292457