We extend Hansen’s (2005) recentering method to a continuum of inequality constraints to construct new Kolmogorov-Smirnov tests for stochastic dominance of any pre-specified order. We show that our tests have correct size asymptotically, are consistent against fixed alternatives and are...

We propose inverse probability weighted estimators for the distribution functions of the potential outcomes of a binary treatment under the unconfoundedness assumption. We also apply the inverse mapping on the distribution functions to obtain the quantile functions. We show that the proposed...

We develop a dynamic model of intermediate goods trade in which the pattern and the extent of intermediate goods trade are endogenous. We consider a small open economy whose …final good production employs an endogenous array of intermediate goods, from low technology (high cost) to high...

This paper studies the optimal factor tax incidence in a neoclassical growth model with a given share of government expenditure in output. In the Ramsey planner’s optimization, the effect of next period’s capital on government expenditure equals the given share of the marginal product of...

This paper explores the macro effects of monetary policy in a Schumpeterian growth model with an endogenous market structure and distinct cash-in-advance (CIA) constraints on consumption, production, and two distinct types of R&D investment - in-house R&D and entry investment. We show that the...

This paper considers leisure externalities in a Lucas (1988) type model in which physical and human capital are necessary inputs in both sectors. In spite of a non-concave utility, the balanced growth path is always unique in our model which guarantees global stability for comparative-static...

This paper studies the optimal factor tax incidence in a standard two-sector, human capital-based endogenous growth model elucidated by Lucas (1988). Capital income taxes generate dynamic inefficiency for capital accumulation and labor income taxes create dynamic inefficiency for human capital...

We construct a Kolmogorov-Smirnov test for the null hypothesis that the conditional average treatment effect is non-negative conditional on every possible value of the covariates. The null hypothesis can be characterized as a conditional moment inequality under the unconfoundedness assumption,...

台灣實質薪資水準於近十多年來近乎停滯狀態。2001年的薪資還與韓國相當,月薪大約1300美元左右，到2011年台灣薪資停留1477美元的水準，而韓國則已經高達2738美元, 幾乎是台灣的兩倍。若考慮物價水準的趨勢變化,...

總額預算制度是一種讓醫療院所替代健保局來承擔財務風險，以舒緩健保財務壓力的制度設計。 總額預算制度的成敗與醫療院所衝量風氣強弱息息相關，同儕制約精神被不少學界、醫界人士認為是抑...