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A térbeli számítható általános egyensúlyi (SCGE) modellek az új gazdaságföldrajz (ÚGF) „empirikus megfelelõi”. Szemléleti-módszertani gyökereiket tehát az új gazdaságföldrajzi és a számítható általános egyensúlyi (CGE) modellekben találjuk meg. Tanulmányunkban a...
Persistent link: https://www.econbiz.de/10008527355
In this paper, the authors study the changes in liquidity following the introduction of a new electronic limit order market when, prior to its introduction, trading is centralized in a single limit order market. They also study how automation of routing decisions and trading fees affect the...
Persistent link: https://www.econbiz.de/10005011691
causes are changes in technology, international competition, and factor supplies. The relative importance of these causes in … competitive general equilibrium where goods prices, technology and factor supplies jointly determine outputs and factor prices. We … specify an empirical model which allows us to estimate the general equilibrium relationship between wages and technology …
Persistent link: https://www.econbiz.de/10005420516
We look at disaggregated imports of various types of equipment to make inferences on cross-country differences in the composition of equipment investment. We make three contributions. First, we document large differences in investment composition. Second, we explain these differences as being...
Persistent link: https://www.econbiz.de/10005372697
We look at disaggregated imports of various types of equipment to make inferences on cross-country differences in the composition of equipment investment. We make three contributions. First, we document large differences in investment composition. Second, we explain these differences as being...
Persistent link: https://www.econbiz.de/10005401584
We estimate the rate of embodied technological change directly from plant-level manufacturing data on current output and input choices along with histories on their vintages of equipment investment. Our estimates range between 8 and 17 percent for the typical U.S. manufacturing plant during the...
Persistent link: https://www.econbiz.de/10005721268
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