predictors, using an approximate dynamic factor model. Estimation is discussed for balanced and unbalanced panels. The estimated …

This paper introduces a new methodology for the estimation of demand trade elasticities based on an import intensity …

We evaluate the endogenous growth hypothesis using sectoral data for South Korea and Taiwan. Our empirical work relies …. We test whether changes in the variety of these inputs, for Taiwan relative to Korea, are correlated with the growth in … total factor productivity (TFP) in each sector, again measured in Taiwan relative to Korea. We find that changes in relative …

This paper describes a new, industry-adjusted index of state environmental compliance costs from 1977 to 1994. The … index has two principal advantages: it controls for states' industrial compositions, and it can be calculated for 17 years … and 1994. Third, this cost index is negatively correlated with subjective indices of state environmental efforts compiled …

In this paper we employ index number theory in addressing the problem of adjusting real national income and real … domestic product for changes in a country's terms of trade. More specifically, using recent developments in the theory of … only production theory, whereas in the traditional paradigm which treats traded goods as perfectly substitutable with a …