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The price-quantity decomposition of capital values revisited: Framework and examples
Biørn, Erik - 2014
The often discussed problems of aggregating tangible capital assets across vintages and of decomposing value aggregates into quantity and price aggregates are revisited. For stock values and service flow values, some new results are given, and illustrated by examples, along with...
Persistent link: https://www.econbiz.de/10011335591
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Measuring and Decomposing Capital Stock and Service Values: Should Capital Quality be given a Place?
Biørn, Erik - 2007
Aggregation of tangible capital assets across vintages and decomposition of value aggregates into quantities and prices …
Persistent link: https://www.econbiz.de/10011968288
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Panel data estimators and aggregation
Biørn, Erik - 2016
For a panel data regression equation with two-way unobserved heterogeneity, individual-specific and period-specific, 'within-individual' and 'within-period' estimators, which can be given Ordinary Least Squares (OLS) or Instrumental Variables (IV) interpretations, are considered. A class of...
Persistent link: https://www.econbiz.de/10011694187
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On the Capital Structure of Foreign Subsidiaries: Evidence from a Panel Data Quantile Regression Model
Miniaci, Raffaele; Panteghini, Paolo - 2021
This paper studies how variations in tax rates and profitability affect the (unconditional) quantiles of the distribution of the leverage of European foreign owned subsidiaries in the presence of unobserved company characteristics, possibly correlated with their observable dimensions. To achieve...
Persistent link: https://www.econbiz.de/10012582148
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Forecasting Euro area real GDP: optimal pooling of information
Hülsewig, Oliver; Mayr, Johannes; Wollmershäuser, Timo - 2008
This paper proposes a new method of forecasting euro area quarterly real GDP that uses area-wide indicators, which are derived by optimally pooling the information contained in national indicator series. Following the ideas of predictive modeling, we construct the area-wide indicators by...
Persistent link: https://www.econbiz.de/10010264416
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Aggregation in large dynamic panels
Pesaran, Mohammad Hashem; Chudik, Alexander - 2011
This paper considers the problem of aggregation in the case of large linear dynamic panels, where each micro unit is … Pesaran (2003), an optimal aggregate function is derived, and the limiting behavior of the aggregation error is investigated … which observed inflation persistence at the aggregate level is due to aggregation and/or common unobserved factors. Our …
Persistent link: https://www.econbiz.de/10010285520
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Aggregation in large dynamic panels
Pesaran, Mohammad Hashem; Chudik, Alexander - 2011
This paper considers the problem of aggregation in the case of large linear dynamic panels, where each micro unit is … Pesaran (2003), an optimal aggregate function is derived, and the limiting behavior of the aggregation error is investigated … which 'observed' inflation persistence at the aggregate level is due to aggregation and/or common unobserved factors. Our …
Persistent link: https://www.econbiz.de/10010285540
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Ein nutzungskostenbasierter Ansatz zur Messung des Faktors Kapital in aggregierten Produktionsfunktionen
Knetsch, Thomas A. - 2012
Es wird eine Methode zur Messung des Produktionsfaktors Kapital vorgeschlagen, in der Vermögensarten nach ihrem Nutzungswert im Produktionsprozess gewichtet werden. Dazu werden Nutzungskosten für die einzelnen Anlageklassen mit Hilfe von Daten der Volkswirtschaftlichen Gesamtrechnungen sowie...
Persistent link: https://www.econbiz.de/10010308268
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A user cost approach to capital measurement in aggregate production functions
Knetsch, Thomas A. - 2012
A method is proposed to measure capital services in production. This means that productive assets are weighted according to their user costs. The user costs of the individual asset classes are estimated based on data from the national accounts and other sources. The results show that, in the...
Persistent link: https://www.econbiz.de/10010308269
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Measuring Real Value and Inflation
Hillinger, Claude - 2008
The most important economic measures are monetary. They have many different names, are derived in different theories and employ different formulas; yet, they all attempt to do basically the same thing : to separate a change in nominal value into a ?real part? due to the changes in quantities and...
Persistent link: https://www.econbiz.de/10010295262