It`s Not Factor Accumulation: Stylized Facts and
... theories that focus excessively on factor accumulation. Although many authors examine total factor productivity growth and assess growth models, this paper makes a number of new contributions. Besides conducting traditional growth accounting with new PennWorld Table capital stock data, this paper fu ...
... theories that focus excessively on factor accumulation. Although many authors examine total factor productivity growth and assess growth models, this paper makes a number of new contributions. Besides conducting traditional growth accounting with new PennWorld Table capital stock data, this paper fu ...
The Commodity Nature of Labor-Power
... necessary labor-time for the production of this particular commodity. However, insofar as in Bortkiewicz’s Ricardian approach there was no clear distinction between the price and the value of labor-power, the implausibility of such an adjustment mechanism implicitly called into question the very fou ...
... necessary labor-time for the production of this particular commodity. However, insofar as in Bortkiewicz’s Ricardian approach there was no clear distinction between the price and the value of labor-power, the implausibility of such an adjustment mechanism implicitly called into question the very fou ...
Do Hub-and-Spoke Free Trade Agreements Increase Trade? A
... an FTA hub by forming FTAs with both B and C. What we estimate in our regression is not a trade diversion effect or trade creation effect that A may experience in its trade with B. Instead, what we estimate is the average effect of A‘s FTA-hub position on its exports to both spoke countries, B and C ...
... an FTA hub by forming FTAs with both B and C. What we estimate in our regression is not a trade diversion effect or trade creation effect that A may experience in its trade with B. Instead, what we estimate is the average effect of A‘s FTA-hub position on its exports to both spoke countries, B and C ...
quarterly journal of economics
... Khandelwal (2010). We also find that our estimates are less sensitive to assumptions about the extensive margin than the ‘‘demand-side’’ estimates of these authors (because we solve for the extensive margin in our model). On the import side we find that quality-adjusted import prices tend to be lowe ...
... Khandelwal (2010). We also find that our estimates are less sensitive to assumptions about the extensive margin than the ‘‘demand-side’’ estimates of these authors (because we solve for the extensive margin in our model). On the import side we find that quality-adjusted import prices tend to be lowe ...
Method: Finite Mixture Regression model
... the “average” country is not representative, then parameter averages will tell us little about the values that matter for any particular country. The most common method for addressing heterogeneous growth is including regional dummy variables or country fixed effects when panel data are available. T ...
... the “average” country is not representative, then parameter averages will tell us little about the values that matter for any particular country. The most common method for addressing heterogeneous growth is including regional dummy variables or country fixed effects when panel data are available. T ...
What drives the market share changes? price versus non
... hold a high degree of monopolistic power. On the other hand, the decomposition of market share gains (or losses) at the detailed product level (instead of using an aggregate price indices) makes it possible to move the analysis substantially beyond simply measuring price and cost competitiveness. I ...
... hold a high degree of monopolistic power. On the other hand, the decomposition of market share gains (or losses) at the detailed product level (instead of using an aggregate price indices) makes it possible to move the analysis substantially beyond simply measuring price and cost competitiveness. I ...
