Results 111 to 120 of about 79,158 (248)
The Core‐Periphery Model Under Additively Separable Preferences
Journal of Regional Science, Volume 65, Issue 2, Page 378-402, March 2025.ABSTRACT This paper reexamines Krugman's core‐periphery model by substituting his constant elasticity of substitution (CES) utility with a general additively separable utility that comprehensively captures the pro‐competitive effect while preserving the income effect.
Congcong Wang, Dao‐Zhi Zeng, Xiwei Zhu
wiley +1 more source
Factors Affecting Cotton Production in Pakistan:Empirical Evidence from Multan District [PDF]
This paper attempts to examine the factors affecting cotton production in Multan region using primary source of data. A sample of 60 small farmers, 25 medium and 15 large farmers was randomly selected from two Tehsils namely Multan and Shujabad of ...
Anwar, Mumtaz +2 more
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Mathematical Finance, EarlyView.ABSTRACT This study develops a novel multivariate stochastic framework for assessing systemic risks, such as climate and nature‐related shocks, within production or financial networks. By embedding a linear stochastic fluid network, interpretable as a generalized vector Ornstein–Uhlenbeck process, into the production network of interdependent ...
Giovanni Amici +3 more
wiley +1 more source
The treatment of non-essential inputs in a Cobb-Douglas technology : an application to Mexican rural household-level data [PDF]
The standard approach for fitting a Cobb-Douglas production function to micro data with zero values is to replace those values with"sufficiently small"numbers to facilitate the logarithmic transformation.
Soloaga, Isidro
core
Output Gap Uncertainty, Sovereign Risk Premia and the Contingent Importance of the Bond Vigilantes
Metroeconomica, EarlyView.ABSTRACT This paper investigates the implications of output gap uncertainty for the conduct of fiscal policy using a small‐scale macroeconomic model with boundedly rational agents. Specifically, agents use an adaptive updating mechanism to approximate the unobservable potential output that suffers, similarly to the Hodrick and Prescott (1997) filter ...
Christian R. Proaño, Jonas Dix
wiley +1 more source
Functional Forms Used in CGE Models: Modelling Production and Commodity Flows [PDF]
Various well-known functional forms, such as the Cobb-Douglas function, the Leontief function and the Constant Elasticity of Substitution (CES) function, are used frequently in economic modelling.
Pauw, Kalie
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Accounting for Cross‐Country Differences in Output Per Worker: A Sectoral CES Perspective
Oxford Bulletin of Economics and Statistics, EarlyView.ABSTRACT The standard macroeconomic literature suggests that richer countries employ more productive technologies. Removing technological disparities between countries would hence narrow the substantial variation in output per worker across countries.
Jan Trenczek, Konstantin M. Wacker
wiley +1 more source
Tariff: The Most Beautiful Word in the Dictionary?
Review of International Economics, EarlyView.ABSTRACT We consider the welfare impacts of US tariff policy at levels proposed by President Donald J. Trump. General‐equilibrium simulations under a widely used transparent one‐sector trade model reveal sizable US welfare losses. When we extend the model to include bilateral firm selection and high resolution input–output linkages, the US losses ...
Edward J. Balistreri +2 more
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Cantor Type Invariant Distributions in the Theory of Optimal Growth under Uncertainty [PDF]
We study a one-sector stochastic optimal growth model, where the utility function is iso-elastic and the production function is of the Cobb-Douglas form. Production is affected by a multiplicative shock taking one of two values.
Mitra, Tapan, Privileggi, Fabio
core
On the undesirable repercussions of gender norms in an endogenous growth model
The Scandinavian Journal of Economics, EarlyView.Abstract Sustainable growth has emerged as a critical policy challenge worldwide. We investigate the influence of conventional gender norms on fertility and economic growth to explain the phenomena recently observed across high‐income countries. To this end, we construct an overlapping generations model with endogenous fertility and labor supply ...
Ryo Sakamoto, Katsunori Minami
wiley +1 more source