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Persistent link: https://www.econbiz.de/10005826926
We apply recent results from the statistics literature to test for multimodality of worldwide distributions of several (unweighted and population-weighted) measures of labor productivity. Specifically, we employ Silverman (Bump) and Dip modality tests, calibrated to correct for their incorrect...
Persistent link: https://www.econbiz.de/10005764683
We distinguish between intended production and residual generation and introduce the concept of by-production. We show that by-production provides the fundamental explanation for the positive correlation that is observed between intended production and residual generation. Most of the existing...
Persistent link: https://www.econbiz.de/10008478880
The paper examines three extensively used propositions regarding changes in utility and social welfare attributable to small changes in consumption bundles. It is shown that, though these propositions are valid when the changes in consumption bundles are ``infinitesimally small,''' none of the...
Persistent link: https://www.econbiz.de/10005094599
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This paper reports on the application of an econometric forecasting technique to a state (Hawaii) with a relatively simple revenue structure and sufficient data to permit the estimation of relationships which determine the bulk of state revenues. A thirty-equation model which determines excise,...
Persistent link: https://www.econbiz.de/10010686272
The paper examines three extensively used propositions regarding changes in utility and social welfare attributable to small changes in consumption bundles. It is shown that, though these propositions are valid when the changes in consumption bundles are ``infinitesimally small,''' none of the...
Persistent link: https://www.econbiz.de/10010629895