In this paper, we examine the sources of the productivity growth in the U.S. computer industry from 1978 to 1999. We estimate a joint production model of output quantity and quality that distinguishes two types of technological changes: process and product innovations. Based on the estimation...

The main objective of this study is to find out what Malaysian initial public offering (IPO) issuers indicate the intended use of IPO’s proceeds is for, and the use that has the greatest allocation. It also investigates whether or not the allocation of the proceeds of the IPO to each intended...

This paper focuses on the causes of increased wage inequality in OECD countries in recent years and its decomposition into the component factors of trade surges in low wage products and technological change that has preoccupied the trade and wages literature. It argues that the length of...

This study decomposes the bilateral trade flows using a three-dimensional panel data model. Under the scenario that all three dimensions diverge to infinity, we pro- pose an estimation approach to identify the number of global shocks and country- specific shocks sequentially, and establish the...

The association of body height and various outcomes has been studied in detail. While most studies find positive relationships linking additional height to more positive outcomes like higher life satisfaction or increased wages, the overall contribution of height to the variance decomposition of...

During the early 1980s, earnings inequality in the U.S. labor market rose relatively uniformly throughout the wage distribution. But this uniformity gave way to a significant divergence starting in 1987, with upper-tail (90/50) inequality rising steadily and lower tail (50/10) inequality either...

A recent "revisionist " literature characterizes the pronounced rise in U.S. wage inequality since 1980 as an "episodic " event of the first-half of the 1980s driven by non-market factors (particularly a falling real minimum wage) and concludes that continued increases in wage inequality since...

We consider continuous-review assemble-to-order (ATO) systems with a general bill of materials (BOM) and general leadtimes. ATO systems have the advantage of mass customization and are widely adopted in practice. However, characterizing the optimal inventory policy is notoriously challenging and...

Multivariate analysis can help to focus on economic phenomena, including trend and cyclical movements. To allow for potential correlation with seasonality, the present paper studies a three component multivariate unobserved component model, focusing on the case of quarterly data and showing that...

Differences in average rates of access to quality care, mortality from specific diseases, and surgery for conditions such as emergency cardiac care point to racial disparities in healthcare. The optimal approach to alleviate a given disparity depends on whether the main driver is differential...