This paper measures the size and structure of the U.S. information economy in 1992 and compares them with Marc Porat's measures for 1967[4]. It also examines the magnitude and growth of the information components of the service sector over the years. The results of this study highlight the...

This paper presents the results of our empirical research in measuring the size and structure of the US information economy in 1992 and 1997, and in assessing the growth experienced by different industries and sectors since Porat's research on the US information economy in 1967. The study...

It is well known that almost all of the largest economies in the world are already dominated by services. What may be less well known is that many are also evolving towards becoming information economies in the sense of both value added (GNP) and jobs. Of course, this evolution is less advanced...

The productivity gain that an industry experiences by engaging in B2B e-commerce gets transmitted to other industries through input-output linkages. This paper considers a multi-industry equilibrium model that explicitly incorporates input-output structure to examine the propagation of...

Using a multi-period general equilibrium model, this paper extends the results of Mankiw (1991) by showing that monopolistically competitive firms may require 'relatively large' menu costs to dissuade them from changing prices in response to an aggregate demand shock that is perceived to be...

This paper derives generalized impulse responses from the estimation of a vector autoregression (VAR) model using monthly data between 1995 and 2005 for Mexico, to examine the inflation-RPV relationship, and to investigate if remittances could account for the observed relationship. While the...

This article examines time series evidence to investigate the link between exports and economic growth in Bangladesh. Using quarterly data for a period from 1976 to 2003 the article finds that industrial production and exports are cointegrated. The results of an error correction model...

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...

This paper estimates a dynamic common factor model to assess relative importance of the aggregate and the sector-specific factors that determine changes in the prices of individual products. It also examines how aggregate price changes are affected by these factors. Two different specifications...

This paper uses recent developments in measuring correlation to examine the relationship between inflation and relative price variability (RPV). The results suggest that the positive correlation holds not only in the short run but also in the long run. This finding has important implications for...