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Cascades in Networks and Aggregate Volatility
Acemoglu, Daron; Ozdaglar, Asuman; Tahbaz-Salehi, Alireza - National Bureau of Economic Research (NBER) - 2010
We provide a general framework for the study of cascade effects created by interconnections between sectors, firms or financial institutions. Focusing on a multi sector economy linked through a supply network, we show how structural properties of the supply network determine both whether...
Persistent link: https://www.econbiz.de/10008695044
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Input Diffusion and the Evolution of Production Networks
Carvalho, Vasco M.; Voigtländer, Nico - National Bureau of Economic Research (NBER) - 2014
The adoption and diffusion of inputs in the production network is at the heart of technological progress. What determines which inputs are initially considered and eventually adopted by innovators? We examine the evolution of input linkages from a network perspective, starting from a stylized...
Persistent link: https://www.econbiz.de/10011200231
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Technology, International Trade, and Pollution from U.S. Manufacturing
Levinson, Arik - National Bureau of Economic Research (NBER) - 2007
may result from increased net imports of pollution-intensive goods ("international trade"). I first show that most of the …
Persistent link: https://www.econbiz.de/10005710690
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Durability of Output and Expected Stock Returns
Gomes, João F.; Yogo, Motohiro; Kogan, Leonid - National Bureau of Economic Research (NBER) - 2007
The demand for durable goods is more cyclical than that for nondurable goods and services. Consequently, the cash flows and stock returns of durable-good producers are exposed to higher systematic risk. Using the benchmark input-output accounts of the National Income and Product Accounts, we...
Persistent link: https://www.econbiz.de/10005108387
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Organizing the Global Value Chain
Antras, Pol; Chor, Davin - National Bureau of Economic Research (NBER) - 2012
be taken to the data with international trade statistics. Combining data from the U.S. Census Bureau's Related Party … Trade database and estimates of U.S. import demand elasticities from Broda and Weinstein (2006), we find empirical evidence …
Persistent link: https://www.econbiz.de/10011133513
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The Network Origins of Large Economic Downturns
Acemoglu, Daron; Ozdaglar, Asuman; Tahbaz-Salehi, Alireza - National Bureau of Economic Research (NBER) - 2013
This paper shows that large economic downturns may result from the propagation of microeconomic shocks over the input-output linkages across different firms or sectors within the economy. Building on the framework of Acemoglu et al. (2012), we argue that the economy's input-output structure can...
Persistent link: https://www.econbiz.de/10010950877
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The Integration of the Canadian Productivity Accounts within the System of National Accounts: Current Status and Challenges Ahead
Harchaoui, Tarek M.; Baldwin, John R. - National Bureau of Economic Research (NBER) - 2005
A statistical agency faces several challenges in building Productivity Accounts. What started out as a request for simple ratios of output to employment has moved to a demand for multifactor (total factor) productivity measures that take into account both labor and capital inputs, the...
Persistent link: https://www.econbiz.de/10005085328
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Integrating Industry and National Economic Accounts: First Steps and Future Improvements
Lawson, Ann M.; Moyer, Brian C.; Okubo, Sumiye; … - National Bureau of Economic Research (NBER) - 2005
The integration of the annual I-O accounts with the GDP-by-industry accounts is the most recent in a series of improvements to the industry accounts provided by the BEA in recent years. BEA prepares two sets of national industry accounts: The I-O accounts, which consist of the benchmark I-O...
Persistent link: https://www.econbiz.de/10005088776
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Microeconomic Origins of Macroeconomic Tail Risks
Acemoglu, Daron; Ozdaglar, Asuman; Tahbaz-Salehi, Alireza - National Bureau of Economic Research (NBER) - 2015
We document that even though the normal distribution is a good approximation to the nature of aggregate fluctuations, it severely underpredicts the frequency of large economic downturns. We then provide a model that can explain these facts simultaneously. Our model show that the propagation of...
Persistent link: https://www.econbiz.de/10011123646
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Trade, Skills, and Quality Upgrading: A Theory with Evidence from Colombia
Eslava, Marcela; Fieler, Ana Cecília; Xu, Daniel - National Bureau of Economic Research (NBER) - 2014
We develop a model of international trade with heterogeneous firms and endogenous quality choices. Producing higher … plants in Colombia before the trade liberalization, simulate a counterfactual liberalization and compare the results to post …-liberalization data. Like other unilateral trade liberalizations in developing countries, the skill premium and skill intensity in …
Persistent link: https://www.econbiz.de/10010969209