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Integrated input-output and econometric models are often claimed to be superior to either input-output or econometric models alone by virtue of capturing supply and demand interactions. This claim is examined by considering the structure of existing integrated models. It was found that existing...
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This paper addresses the issue of wage specification in interregional econometric models. Several shortcomings in commonly used regional wage specifications are demonstrated, and a new inter-regional wage specification is developed. It is based on a wage transmission variable that is simple to...
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This paper describes an accurate, fast and robust fixed point method for computing the stationary wealth distributions in macroeconomic models with a continuum of infinitely-lived households who face idiosyncratic shocks with aggregate certainty. The household wealth evolution is modeled as a...
Persistent link: https://www.econbiz.de/10010866862