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Estimating real production and expenditures across nations : a proposal for improving the Penn world tables

Feenstra, Robert C. (contributor) - 2004

"In this paper we propose a new approach to international comparisons of real GDP measured from the output-side. The traditional Geary-Khamis system to measure real GDP from the expenditure-side is modified to include differences in the terms of trade between countries. It is shown that this...

Persistent link: https://www.econbiz.de/10010522867

How Large is the Bias is Self-Reported Disability?

Benitez-Silva, Hugo - 2000

A pervasive concern with the use of self-reported health and disability measures in behavioral models is that they are biased and endogenous. A commonly suggested explanation is that survey respondents exaggerate the severity of health problems and incidence of disabilities in order to...

Persistent link: https://www.econbiz.de/10012471248

Well-Being Over Time in Britain and the USA

Blanchflower, David G. - 2000

The standard of living in the industrialized nations has been steadily increasing over the last few decades. Yet some observers wonder whether we are really getting any happier. This paper addresses that question by examining well-being data on 100,000 randomly sampled Americans and Britons from...

Persistent link: https://www.econbiz.de/10012471289

Understanding Inflation : Implications for Monetary Policy

Cecchetti, Stephen G. - 2000

This paper discusses how optimal monetary policy is affected by differences in the combination of shocks an economy experiences and the rigidities it exhibits. Without both nominal rigidities and economic shocks, monetary policy would be irrelevant. Recognizing this, policymakers increasingly...

Persistent link: https://www.econbiz.de/10012471294

Total Factor Productivity : A Short Biography

Hulten, Charles R. - 2000

our ignorance,' with ample scope for measurement error. Another source of controversy arises from sins of omission, rather … measurement …

Persistent link: https://www.econbiz.de/10012471305

How Effective are Capital Controls?

Edwards, Sebastian - 1999

In the aftermath of the East Asian crisis a number of authors have argued that capital mobility is highly destabilizing, and that emerging countries would benefit from restricting capital flows. In this paper I investigate, from a historical perspective, the effectiveness of capital controls. I...

Persistent link: https://www.econbiz.de/10012471368

On the Measurement of the International Propagation of Shocks

Rigobon, Roberto - 1999

In this paper I offer an alternative identification assumption that allows one to test for changing patterns regarding the international propagation of shocks when endogenous variables, omitted variables, and heteroskedasticity are present in the data. Using this methodology, I demonstrate that...

Persistent link: https://www.econbiz.de/10012471430

Measuring the Effects of Arbitration on Wage Levels : The Case of Police Officers

Ashenfelter, Orley - 1999

In this paper we provide an empirical evaluation of the effect that the provision of an arbitration statute has on the wage levels of police officers. We analyze the effect of arbitration on wages by comparing wage levels across political jurisdictions and over time using a sample of states. Two...

Persistent link: https://www.econbiz.de/10012471490

No Contagion, Only Interdependence : Measuring Stock Market Co-movements

Forbes, Kristin - 1999

This paper examines stock market co-movements. It begins with a discussion of several conceptual issues involved in measuring these movements and how to test for contagion. Standard tests examine if cross-market correlation in stock market returns increase during a period of crisis. The measure...

Persistent link: https://www.econbiz.de/10012471523

Estimating Returns to Schooling When Schooling is Misreported

Kane, Thomas J. - 1999

We propose a general method of moments technique to identify measurement error in self-reported and transcript …, because the measurement error in educational attainment is non-classical, IV estimates also tend to be biased, although the … magnitude of the bias depends upon the nature of the measurement error in the region of educational attainment affected by the …

Persistent link: https://www.econbiz.de/10012471555

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