Showing 91 - 100 of 152
Persistent link: https://www.econbiz.de/10008480794
simulations, I find that one normalization used by Gali and Gertler (and others) finds evidence of backward-looking firms even … when there is none by construction. In addition, the IV estimates are also sensitive to the choice of normalization in a … and Gertler. When using my preferred normalization, I find that the NKPC is rejected at the 5 percent but not at the 1 …
Persistent link: https://www.econbiz.de/10005126218
This note addresses some issues that arise when using 'normalized' CES production functions, an approach that has become popular in the literature. The results of Klump and de La Grandville (2000) provide a simple way to calibrate the parameters of the CES production function when the necessary...
Persistent link: https://www.econbiz.de/10005135184
in terms of robustly capturing production and technical parameters, especially when merged with "normalization". Our … understanding the empirical relevance of normalization and the variability underlying past empirical studies. JEL Classification: C …
Persistent link: https://www.econbiz.de/10005002765
criteria are normalization dependent, i.e. their outcome depends on the good chosen to express individuals' marginal rates of …
Persistent link: https://www.econbiz.de/10005008482
In this paper we show that the widely used normalization constraint SUM(i=1,n) wi = 1 does not apply to the priority … of this type of normalization may lead to unsatisfactory results and we give some examples from the literature. Then, we … propose an alternative normalization procedure which is compatible with additive transitivity and leads to better results. …
Persistent link: https://www.econbiz.de/10005013017
Some recent work on economic growth considers the aggregate elasticity of substitution between capital and labor as a measure of economic flexibility. It is thought to depend on technological and institutional determinants. I study how a openness to trade affects the aggregate elasticity of...
Persistent link: https://www.econbiz.de/10005063395
In this paper we propose an approach to Social Network Analysis (SNA) based on fuzzy m-ary adjacency relations. In particular, we show that the dimension of the analysis can naturally be increased and interesting results can be derived. Therefore, fuzzy m-ary adjacency relations can be computed...
Persistent link: https://www.econbiz.de/10005092425
Normalization is an important step in the analysis of microarray data of transcription profiles as systematic non … normalization often assume that there are few or symmetric differential expression, but this assumption does not always hold …. Alternatively, non-differentially expressed genes may be used for array normalization. However, it is unknown at the outset which …
Persistent link: https://www.econbiz.de/10005046613
analyzed directly, without first applying a normalization such as the Pearson correlation. In this communication, it is argued …
Persistent link: https://www.econbiz.de/10005505045