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The Craft of Economics: Lessons from the Heckscher-Ohlin Framework

Leamer, Edward E. - The MIT Press

In this spirited and provocative book, Edward Leamer turns an examination of the Heckscher–Ohlin framework for global competition into an opportunity to consider the craft of economics: what economists do, what they should do, and what they shouldn’t do. Claiming “a lifetime relationship...

Persistent link: https://www.econbiz.de/10010535226

Health Economics

Sloan, Frank A.; Hsieh, Chee-Ruey - The MIT Press

This book introduces students to the growing research field of health economics. Rather than offer details about health systems around the world without providing a theoretical context, Health Economics combines economic concepts with empirical evidence to enhance readers’ economic...

Persistent link: https://www.econbiz.de/10010535227

Money, Payments, and Liquidity

Nosal, Ed; Rocheteau, Guillaume - The MIT Press

In Money, Payments, and Liquidity, Ed Nosal and Guillaume Rocheteau provide a comprehensive investigation into the economics of money and payments by explicitly modeling trading frictions between agents. Adopting the search-theoretic approach pioneered by Nobuhiro Kiyotaki and Randall Wright,...

Persistent link: https://www.econbiz.de/10010535233

Student Solutions Manual for Mathematics for Economics

Hoy, Michael; Livernois, John; McKenna, Chris; Rees, Ray; … - The MIT Press

This solutions manual contains the full solutions to the odd-numbered problems in the main text.

Persistent link: https://www.econbiz.de/10010535235

A dynamic model of the financial real Interaction as a model selection criterion for nonparametric stock market prediction

Woehrmann, Peter - Institut für Schweizerisches Bankwesen <Zürich> - 2005

Inspired by findings of lowdimensional nonlinearities and the Theorem of Takens (1983) forecasting models of financial time series are often built upon nonparametric, i.e. universal nonlinear, univariate relationships. Empirical investigations, however, are seriously contaminated by the problem...

Persistent link: https://www.econbiz.de/10005858892

Econometric Analysis of Cross Section and Panel Data

Wooldridge, Jeffrey M - The MIT Press

The second edition of this acclaimed graduate text provides a unified treatment of the analysis of two kinds of data structures used in contemporary econometric research: cross section data and panel data. The book covers both linear and nonlinear models, including models with dynamics and/or...

Persistent link: https://www.econbiz.de/10004973022

A Guide to Econometrics, 5th Edition

Kennedy, Peter - The MIT Press

A Guide to Econometrics has established itself as a preferred text for teachers and students throughout the world. It … detail that characterize most econometrics textbooks. The fifth edition has two major additions, a chapter on panel data and … an innovative chapter on applied econometrics. Existing chapters have been revised and updated extensively, particularly …

Persistent link: https://www.econbiz.de/10004973234

Causality, Confounding, and Simpson's Paradox

Zaman, Asad; Salahuddin, Taseer - In: International Econometric Review (IER) 12 (2020) 1, pp. 50-74

This is an introductory article which explains the importance of explicit consideration and modeling of causality, contrary to current econometric practice, in order to use data set for extraction of meaningful information. One of the easiest to understand approaches to causality is via...

Persistent link: https://www.econbiz.de/10012610979

Is International Trade Always Beneficial to Labor Markets? A Case Study from Egypt

Robertson, Raymond; Vergara Bahena, Mexico Alberto; … - 2022

Egypt's industries heavily rely on imported goods for production. Thus, an increase in imports could have a potentially positive effect on the labor market as it means more inputs for the production of exporting goods. Alternatively, minimal backward linkages in global value chains (GVCs) could...

Persistent link: https://www.econbiz.de/10013470389

Exports and Labor Demand: Evidence from Egyptian Firm-Level Data

Berg, Claudia N.; Robertson, Raymond; Lopez-Acevedo, Gladys - 2022

Unlike many countries, Egypt did not experience significant labor market improvements following trade liberalization. In this paper, we build upon the earlier work of Robertson et al. (2021) to investigate why increased Egyptian exports did not directly increase employment. To illustrate the...

Persistent link: https://www.econbiz.de/10013470390