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Networks and export performance of agri-food firms:New evidence linking micro and macro determinants
agribusiness export performance firm heterogeneity gravity equation Heckman model internationalisation networks
2016/11/11
The paper complements a new line of research that includes the firm heterogeneity in trade models. The central idea of this research is that only the largest and most efficient firms are capable of ex...
Few economists now question the validity
of the Friedman-Phelps accelerationist hypothesis
that the Phillips curve is vertical in
the long run -at least as a first-order approximation.
Indeed. the...
Recent Changes in Macro Policy and Its Effects: Some Time Series Evidence
Macro Policy Series Evidence
2015/8/4
Recent Changes in Macro Policy and Its Effects: Some Time Series Evidence.
Few economists now question the validity
of the Friedman-Phelps accelerationist hypothesis
that the Phillips curve is vertical in
the long run -at least as a first-order approximation.
Indeed. the...
ADJUSTMENT COSTS, FIRM RESPONSES, AND MICRO VS. MACRO LABOR SUPPLY ELASTICITIES: EVIDENCE FROM DANISH TAX RECORDS
ADJUSTMENT COSTS FIRM RESPONSES
2015/7/23
We show that the e§ects of taxes on labor supply are shaped by interactions between
adjustment costs for workers and hours constraints set by Örms. We develop a model
in which Örms post jo...
In addressing the precipitous drop in trade volumes in the recent crisis, the real and financial explanations have sometimes been juxtaposed as competing explanations. However, they can be recon...
In addressing the precipitous drop in trade volumes in the recent
crisis, the real and financial explanations have sometimes been juxtaposed as competing explanations. However, they can be reco...
Optimal Taxation: Merging Micro and Macro Approaches
optimal taxation effi ciency asymmetric and private information redistributive effects optimal social insurance
2014/3/18
This paper argues that the large body of research that follows Mirrlees approach to optimal taxation has been developing in two directions, referred to as the micro and macro literatures. We review th...
Micro-Macro Relation of Production - The Double Scaling Law for Statistical Physics of Economy -
Micro-Macro Relation Double Scaling Law Statistical Physics
2010/10/19
We show that an economic system populated by multiple agents generates an equilibrium distribution in the form of multiple scaling laws of conditional PDFs, which are sufficient for characterizing the...
Measuring Efficiency of Macro Systems: An Application to Millennium Development Goal Attainment
Macro Systems Efficiency
2009/9/1
At least part of the effort toward attainment of health and education
Millennium Development Goals (MDGs) could come from improvements in
efficiency of delivery mechanisms. Hence, it is important to...
The Lessons from the Current Crisis for Macro-theory and Policy
Wealth effect natural rate of interest real profit rate
2010/9/7
This paper questions the validity of the New Consensus Macroeconomics (NCM) or Neo-Wicksellian model in explaining the recent credit crisis and dealing with it from a policy perspective. It attempts t...
Even before the August 2007 credit crunch the interaction between real and financial variables had become a central issue in macroeconomics, particularly to Central Bankers. Different theoretical mode...
Even before the August 2007 credit crunch the interaction between real and financial variables had become a central issue in macroeconomics, particularly to Central Bankers. Different theoretical mode...
Microfoundations of Macro Fluctuations: Pattern of Large Numbers, Relative Price Movements, And Arbi
2008/1/17
The law of large numbers shows that the relative deviation for a macro system with N independent elements is of the order of . refore, the Lucas' approach to a microfoundations for macroeconomic fluct...
Inquiry into the Micro Foundation of Macro Fluctuations: The Law of Large Numbers and Arbitrage unde
2008/1/17
The law of large numbers introduces an order of where N is the number of elements in a linear stochastic system with or without growth. Comparing observed magnitudes of macro fluctuations and numbers ...