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The sensitivity of U.S. aggregate investment to shocks is procyclical: the response upon impact increases by … a counterexample to the claim that microeconomic investment lumpiness is inconsequential for macroeconomic analysis …
Persistent link: https://www.econbiz.de/10014217331
agriculture declines while labor productivity increases in agriculture more than in other sectors. We construct a unified theory of …
Persistent link: https://www.econbiz.de/10012863612
Learning or experience curves are widely used to estimate cost functions in manufacturing modeling. They have recently been introduced in policy models of energy and global warming economics to make the process of technological change endogenous. It is not widely appreciated that this is a...
Persistent link: https://www.econbiz.de/10014211678
, environmental regulation, productivity, and consumer preferences have contributed to these reductions in pollution emissions. We …
Persistent link: https://www.econbiz.de/10013029486
regulation, rather than changes in productivity and trade, account for most of the emissions reductions …
Persistent link: https://www.econbiz.de/10012982467
regulation, rather than changes in productivity and trade, account for most of the emissions reductions …
Persistent link: https://www.econbiz.de/10012916681
regulation, rather than changes in productivity and trade, account for most of the emissions reductions …
Persistent link: https://www.econbiz.de/10012922022
regulation, rather than changes in productivity and trade, account for most of the emissions reductions …
Persistent link: https://www.econbiz.de/10012950641
We obtain uniform consistency results for kernel-weighted sample covariances in a nonstationary multiple regression framework that allows for both fixed design and random design coefficient variation. In the fixed design case these nonparametric sample covariances have different uniform...
Persistent link: https://www.econbiz.de/10013072455
coefficients. Two classes of estimation procedures are proposed, one based on station averaged data the other on the full panel …
Persistent link: https://www.econbiz.de/10012863610