Showing 151 - 159 of 159
In this paper, we examine the importance of regions in the behavior of city level relative prices in the United States. The results indicate that average relative price variability is significantly lower if the city pairs associated with a relative price series belong to the same region....
Persistent link: https://www.econbiz.de/10005042103
Cecchetti et al. (2002) estimate the half-life to price index convergence among U.S. cities to be approximately nine years. Although they correct for the small-sample bias in their panel estimate of the half-life, they do not adjust for biases that may potentially arise due to heterogeneity in...
Persistent link: https://www.econbiz.de/10005042106
This study argues that diminishing marginal impatience ( DMI ) as an intuitively plausible behavioural assumption of endogenous time preference has the potential for resolving important issues like the equity premium puzzle . It shows that, while applied to a model in the traditional overlapping...
Persistent link: https://www.econbiz.de/10005495865
This paper examines price index convergence among U. S. cities by applying panel unit root test procedures that allow for structural breaks to annual CPI data between 1918 and 2010 for 17 major cities. With an endogenously determined single break in 1985, and two breaks in 1943 and 1990...
Persistent link: https://www.econbiz.de/10010575425
This paper examines the relationship between information and communication technology (ICT) related capital assets and employment of information workers in the private non-farm sector of the US economy. The results from our empirical analysis based on annual data for 59 industries from 2002 to...
Persistent link: https://www.econbiz.de/10010817088
type="main" xml:id="ecor12072-abs-0001" <p>This paper examines the dynamic behaviour of relative prices across seven Australian cities by applying panel unit root test procedures with structural breaks to quarterly consumer price index data for 1972 Q1–2011 Q4. We find overwhelming evidence of...</p>
Persistent link: https://www.econbiz.de/10011033722
Persistent link: https://www.econbiz.de/10011038396
This paper examines whether inclusion of structural breaks helps resolve the puzzling result of excessively slow speed of convergence in relative prices across US cities while using long time series data on CPI. With an endogenously determined single break in 1985 in annual CPI data for 17 major...
Persistent link: https://www.econbiz.de/10011065308
AbstractThe following sections are included:SummaryIntroductionAn Overview of Trade in ServicesA brief historyGATS and a framework for services tradeCurrent trends in services tradeRise of Trade in Information-Intensive Services: Some Intuitively Plausible ExplanationsU.S. Trade in...
Persistent link: https://www.econbiz.de/10011207060