Search Results - subject:"elasticity of substitution"

The U.S. Dollar and the Trade Deficit; What Accounts for the Late 1990's?

Hunt, Ben; Rebucci, Alessandro - International Monetary Fund (IMF) - 2003

Based on a version of the IMF’s new Global Economic Model (GEM), calibrated to analyze macroeconomic interdependence between the United States and the rest of the world, this paper asks to what extent an asymmetric productivity shock in the tradable sector of the economy may account for real...

Persistent link: https://www.econbiz.de/10005605134

A parsimonious macroeconomic model for asset pricing : habit formation or cross-sectional heterogeneity? /Fatih Guvenen

Guvenen, Fatih - 2003

Persistent link: https://www.econbiz.de/10001854435

Substitution elasticities and investment dynamics in two-country business cycle models

Pakko, Michael Robert (contributor) - 2003 - [Elektronische Ressource]

calibrations. An important parameter for generating more robust implications of the model is the elasticity of substitution … g251 g250 1 1 1 1 *** . g114 g114 g114 g114 g101 g101 The elasticity of substitution between domestic goods and imports … Substitution Elasticity An important parameter governing the model’s implied dynamics is the elasticity of substitution between …

Persistent link: https://www.econbiz.de/10001974859

Long-Run Industry-Level Estimates of U.S. Armington Elasticities

McDaniel, Christine A.; Gallaway, Michael P.; Rivera, … - 2003

A key relationship for trade policy analysis is the degree of substitution between imported and domestic goods due to changes in the relative price of those two goods, commonly known as the Armington elasticity. We estimate Armington elasticities for 312 industries at the 4-digit SIC level over...

Persistent link: https://www.econbiz.de/10014142632

Beschäftigung und Lohnstrukturen nach Qualifikationen und Altersgruppen : eine empirische Analyse auf Basis der IAB-Beschäftigtenstichprobe

Fitzenberger, Bernd; Garloff, Alfred; Kohn, Karsten - 2003

Diese Arbeit untersucht empirisch den Zusammenhang von Beschäftigung und Lohnstrukturen zwischen sowie innerhalb von Qualifikations- und Altersgruppen. Zunächst werden Substitutionselastizitäten zwischen Qualifikations- und Altersgruppen geschätzt und die Lohnveränderungen bestimmt, die...

Persistent link: https://www.econbiz.de/10011448985

The role of technology in interfuel substitution : a combined cross-section and time series approach

Kratena, Kurt; Wüger, Michael - 2003

This paper describes interfuel substitution for coal, oil, gas and electricity at a level of 12 activities. We use cross section data in each activity for appliance technologies (heating/cooling, steam generation, industrial processes, motors and lighting/computing) to estimate fuel input demand...

Persistent link: https://www.econbiz.de/10011494128

Skills substitutability and technological progress : U.S. states 1950-1990

Ciccone, Antonio; Peri, Giovanni - 2003

In this article we estimate the long-run aggregate elasticity of substitution between skilled and unskilled workers …

Persistent link: https://www.econbiz.de/10011509429

Beschäftigung und Lohnstrukturen nach Qualifikationen und Altersgruppen : eine empirische Analyse auf Basis der IAB-Beschäftigtenstichprobe

Fitzenberger, Bernd; Garloff, Alfred; Kohn, Karsten - 2003

Persistent link: https://www.econbiz.de/10013428597

Armington Elasticities for Brazil - 1986-2002 : New Estimates

Pedroso, Ana Cristina de Souza; Tourinho, Octávio … - 2003

The structure introduced by Armington (1969) has been used to analyze trade policy in partial and general equilibrium models. The Armington elasticities, the degree of substitution between domestic and import goods are known to be important, but are seldom estimated empirically. Therefore, we...

Persistent link: https://www.econbiz.de/10014089859

A Dynamic Heterogeneous Labour Demand Model for German Manufacturing

Falk, Martin; Koebel, Bertrand M. - 2003

This paper presents an application of the Generalised Error Correction Model (GECM) for heterogeneous factor demands based on the quadratic cost function. Using data for 26 West German manufacturing industries over the period 1976-1995, it turns out that less general specifications such as the...

Persistent link: https://www.econbiz.de/10014090642