Search Results - subject:"elasticity of substitution"

Limiting Currency Volatility to Stimulate Goods Market Integration; A Price-Based Approach

Parsley, David C.; Wei, Shang-Jin - International Monetary Fund (IMF) - 2001

This paper studies the effect of instrumental and institutional stabilization of exchange rate volatility on the integration of goods markets. Rather than using data on volume of trade, this paper employs a 3-dimensional panel of prices of 95 very disaggregated goods (e.g., light bulbs) in 83...

Persistent link: https://www.econbiz.de/10005604996

International Trade in Manufactured Products; A Ricardo-Heckscher-Ohlin Explanation with Monopolistic Competition

Choudhri, Ehsan U.; Hakura, Dalia - International Monetary Fund (IMF) - 2001

A large data set on trade in manufactured products is used to evaluate the performance of a model that combines both the Ricardian and Heckscher-Ohlin effects and incorporates monopolistic competition. The paper estimates a relation implied by the model to explain relative sectoral exports of...

Persistent link: https://www.econbiz.de/10005605158

Substitution and complementarity between capital, skilled and less skilled workers: an analysis at the firm level in the French manufacturing industry

BISCOURP, P.; GIANELLA, Ch. - Département des Études Économiques d'Ensemble (D3E), … - 2001

elasticity of substitution between skill groups is unitary. Capital is also found to be easily substituted to unskilled labour …

Persistent link: https://www.econbiz.de/10009001114

On the Trade Balance Response to Monetary Shocks: the Marshall-Lerner Conditions Reconsidered

Lombardo, Giovanni - Volkswirtschaftliche Fakultät, … - 2001

dynamic income effect can make the mere elasticity of substitution an insufficient indicator of the response of the current …

Persistent link: https://www.econbiz.de/10008784635

Rejecting capital-skill complementarity at all costs

Frondel, Manuel; Schmidt, Christoph M. - 2001

Any serious empirical study of factor substitutability has to allow the data to display complementarity as well as substitutability. The standard approach reflecting this idea is a translog specification this is also the approach used by numerous studies analyzing the relative capital-skill...

Persistent link: https://www.econbiz.de/10001613824

Hypothetical intertemporal consumption choices

Kapteyn, Arie (contributor); Teppa, Federica (contributor) - 2001 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001582625

Gerogescu-Roegen versus Solow/Stiglitz and the convergence to the Cobb-Douglas

Petith, Howard C. (contributor) - 2001 - [Elektronische Ressource]

.uab.es Abstract: The value of the elasticity of substitution of capital for resources is a crucial element in the debate over whether …. Keywords: Exhaustible resources, elasticity of substitution, innovation possibility frontier I. Introduction. This paper is … elasticity of substitution or increasing the efficiency of the factors of production. It is shown that the production function …

Persistent link: https://www.econbiz.de/10001586107

The labor-supply elasticity and borrowing constraints : why estimates are biased

Domeij, David (contributor); Flodén, Martin (contributor) - 2001 - [Elektronische Ressource]

intertemporal elasticity of substitution are inconsistent with macroeconomic models, and that these estimates are biased downwards … intertemporal elasticity of substitution, which we aim to estimate. Further, µ is the coeﬃcient of relative risk aversion, and α is …

Persistent link: https://www.econbiz.de/10001626699

The structure of intertemporal preferences under uncertain lifetime

Halevy, Yoram (contributor) - 2001 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001699985

Trade flows and the international business cycle

Gross, Daniel - 2001

Persistent link: https://www.econbiz.de/10001659922