Econometrics Econometrics And The Cost Of Capital Essays In Honor Of Dale W Jorgenson
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Econometrics: Econometrics and the cost of capital : essays in honor of Dale W. Jorgenson by Dale Weldeau Jorgenson Pdf
This volume summarizes the economic theory, the econometric methodology and the empirical findings resulting from the new approach to econometric modelling of producer behaviour.
The essays in this volume provide a comprehensive view of applications of the cost of capital. The cost of capital is the key concept in the analysis of taxation of business income. It is also critical to the formulation of a new system of national accounts, where it plays the role of the price of capital services. Empirical measurements of productivity and economic welfare generated by these accounts underlie recent innovations in the econometric modeling of consumer and producer behavior.
Handbook of Econometrics by James Joseph Heckman,Edward E. Leamer Pdf
As conceived by the founders of the Econometric Society, econometrics is a field that uses economic theory and statistical methods to address empirical problems in economics. It is a tool for empirical discovery and policy analysis. The chapters in this volume embody this vision and either implement it directly or provide the tools for doing so. This vision is not shared by those who view econometrics as a branch of statistics rather than as a distinct field of knowledge that designs methods of inference from data based on models of human choice ...
Zvi Griliches,Robert Engle,Michael D. Intriligator,Dan McFadden,James Joseph Heckman,Edward E. Leamer,Steven N. Durlauf,Lars Peter Hansen,Rosa Liliana Matzkin
Author : Zvi Griliches,Robert Engle,Michael D. Intriligator,Dan McFadden,James Joseph Heckman,Edward E. Leamer,Steven N. Durlauf,Lars Peter Hansen,Rosa Liliana Matzkin Publisher : Elsevier Page : 1013 pages File Size : 49,7 Mb Release : 1983 Category : Business & Economics ISBN : 9780444887665
Handbook of Econometrics by Zvi Griliches,Robert Engle,Michael D. Intriligator,Dan McFadden,James Joseph Heckman,Edward E. Leamer,Steven N. Durlauf,Lars Peter Hansen,Rosa Liliana Matzkin Pdf
The Handbook is a definitive reference source and teaching aid for econometricians. It examines models, estimation theory, data analysis and field applications in econometrics.
Author : Kevin J. Fox Publisher : Springer Science & Business Media Page : 305 pages File Size : 42,5 Mb Release : 2013-04-17 Category : Business & Economics ISBN : 9781475735925
Efficiency in the Public Sector by Kevin J. Fox Pdf
Regardless of where we live, the management of the public sector impacts on our lives. Hence, we all have an interest, one way or another, in the achievement of efficiency and productivity improvements in the activities of the public sector. For a government agency that provides a public service, striving for unreasonable benchmark targets for efficiency may lead to a deterioration of service quality, along with an increase in stress and job dissatisfaction for public sector employees. Slack performance targets may lead to gross inefficiency, poor quality of service, and low self-esteem for employees. In the case of regulation, inappropriate policies can lead to unprecedented disasters. Examples include the decimation of fish stocks through mismanagement of fisheries, and power blackouts through inappropriate restrictions on electricity generators and distributors. Efficient taxation policies minimise the tax bill for citizens. In all of these cases, efficient management is required, although it is often unclear how to assess this efficiency. In this volume, several authors consider various aspects and contexts of performance measurement. Hence, this volume represents a unique collection of advances in efficiency assessment for the public sector by leading researchers in the field. Efficiency in the Public Sector is divided into two sections. The first is titled "Issues in Public Sector Efficiency Evaluation" and comprises of chapters 1-4. The second section is titled "Efficiency Analysis in the Public Sector - Advances in Theory and Practice." This division is somewhat arbitrary, in the sense there are significant overlapping themes in both sections. However, it serves to separate chapters that can be characterised as dealing with broader issues (Section I), from chapters that can be characterised as focusing on specific theoretical problems and empirical cases (Section II).
Author : David M. Cutler,Ernst R. Berndt Publisher : University of Chicago Press Page : 627 pages File Size : 42,9 Mb Release : 2007-12-01 Category : Political Science ISBN : 9780226132303
Medical Care Output and Productivity by David M. Cutler,Ernst R. Berndt Pdf
With the United States and other developed nations spending as much as 14 percent of their GDP on medical care, economists and policy analysts are asking what these countries are getting in return. Yet it remains frustrating and difficult to measure the productivity of the medical care service industries. This volume takes aim at that problem, while taking stock of where we are in our attempts to solve it. Much of this analysis focuses on the capacity to measure the value of technological change and other health care innovations. A key finding suggests that growth in health care spending has coincided with an increase in products and services that together reduce mortality rates and promote additional health gains. Concerns over the apparent increase in unit prices of medical care may thus understate positive impacts on consumer welfare. When appropriately adjusted for such quality improvements, health care prices may actually have fallen. Provocative and compelling, this volume not only clarifies one of the more nebulous issues in health care analysis, but in so doing addresses an area of pressing public policy concern.
Measuring Capital in the New Economy by Carol Corrado,John Haltiwanger,Daniel Sichel Pdf
As the accelerated technological advances of the past two decades continue to reshape the United States' economy, intangible assets and high-technology investments are taking larger roles. These developments have raised a number of concerns, such as: how do we measure intangible assets? Are we accurately appraising newer, high-technology capital? The answers to these questions have broad implications for the assessment of the economy's growth over the long term, for the pace of technological advancement in the economy, and for estimates of the nation's wealth. In Measuring Capital in the New Economy, Carol Corrado, John Haltiwanger, Daniel Sichel, and a host of distinguished collaborators offer new approaches for measuring capital in an economy that is increasingly dominated by high-technology capital and intangible assets. As the contributors show, high-tech capital and intangible assets affect the economy in ways that are notoriously difficult to appraise. In this detailed and thorough analysis of the problem and its solutions, the contributors study the nature of these relationships and provide guidance as to what factors should be included in calculations of different types of capital for economists, policymakers, and the financial and accounting communities alike.
Handbook of the Economics of Innovation by Bronwyn H. Hall,Nathan Rosenberg Pdf
Economists examine the genesis of technological change and the ways we commercialize and diffuse it. The economics of property rights and patents, in addition to industry applications, are also surveyed through literature reviews and predictions about fruitful research directions.- Two volumes, available as a set or sold separately Expert articles consider the best ways to establish optimal incentives in technological progress Science and innovation, both their theories and applications, are examined at the intersections of the marketplace, policy, and social welfare. Economists are only part of an audience that includes attorneys, educators, and anyone involved in new technologies. For too long the policy importance of innovation has taken a back seat to short-term stimulus initiatives. Hall and Rosenberg have assembled a scholarly collection of papers that provide a timely guide for rediscovering the role of innovation in economic growth. Albert N. Link, University of North Carolina at Greensboro.
Productivity Measurement and Analysis by OECD,Federal Statistical Office Pdf
Presents the proceedings of two workshops on productivity measurement and analysis, which brought together representatives of statistical offices, central banks and other officials involved with the analysis and measurement of productivity at aggregate and industry levels.
As China rises to become the world''s largest economy, half a billion rural villagers are expected to become urban residents in the coming decades. The great urbanization of the world''s most populated country is sure to be one of the most far-reaching social-economic events in the 21st century. This book provides a clear and comprehensive review of this unfolding event. It presents not only the evolution of public policies and institutional reforms regarding urban development over the past decades, but also an up-to-date survey and in-depth analysis of contemporary social-economic forces that define and contribute to the process of urbanization. Individuals interested in understanding China''s urban development will find this book useful, informative, and fascinating.
Measuring Economic Growth and Productivity by Barbara Fraumeni Pdf
Measuring Economic Growth and Productivity: Foundations, KLEMS Production Models, and Extensions presents new insights into the causes, mechanisms and results of growth in national and regional accounts. It demonstrates the versatility and usefulness of the KLEMS databases, which generate internationally comparable industry-level data on outputs, inputs and productivity. By rethinking economic development beyond existing measurements, the book's contributors align the measurement of growth and productivity to contemporary global challenges, addressing the need for measurements as well as the Gross Domestic Product. All contributors in this foundational volume are recognized experts in their fields, all inspired by the path-breaking research of Dale W. Jorgenson. Demonstrates how an approach based on sources of economic growth (KLEMS - capital, labor, energy, materials and services) can be used to analyze economic growth and productivity Includes examples covering the G7, E7, EU, Latin America, Norway, China, Taiwan, Japan, Korea, India and other South Asian countries Examines the effects of digital, information, communication and integrated technologies on national and regional economies
Monetary Policy Transmission in the Euro Area by Ignazio Angeloni,Anil K. Kashyap,Benoît Mojon Pdf
This 2003 book offers the most systematic analysis available of the impact of European Central Bank monetary policy on the national economies of the Eurozone. Analysing macro and micro-economic evidence, with chapters by central bank economists, including a discussion chapter by eminent macroeconomists, it is an essential contribution to research on the subject.
This book develops the theory of productivity measurement using the empirical index number approach. The theory uses multiplicative indices and additive indicators as measurement tools, instead of relying on the usual neo-classical assumptions, such as the existence of a production function characterized by constant returns to scale, optimizing behavior of the economic agents, and perfect foresight. The theory can be applied to all the common levels of aggregation (micro, meso, and macro), and half of the book is devoted to accounting for the links existing between the various levels. Basic insights from National Accounts are thereby used. The final chapter is devoted to the decomposition of productivity change into the contributions of efficiency change, technological change, scale effects, and input or output mix effects. Applications on real-life data demonstrate the empirical feasibility of the theory. The book is directed to a variety of overlapping audiences: statisticians involved in measuring productivity change; economists interested in growth accounting; researchers relating macro-economic productivity change to its industrial sources; enterprise micro-data researchers; and business analysts interested in performance measurement.
Dale W. Jorgenson,J. Steven Landefeld,William D. Nordhaus
Author : Dale W. Jorgenson,J. Steven Landefeld,William D. Nordhaus Publisher : University of Chicago Press Page : 650 pages File Size : 49,7 Mb Release : 2007-11-01 Category : Business & Economics ISBN : 9780226410876
A New Architecture for the U.S. National Accounts by Dale W. Jorgenson,J. Steven Landefeld,William D. Nordhaus Pdf
A New Architecture for the U.S. National Accounts brings together a distinguished group of contributors to initiate the development of a comprehensive and fully integrated set of United States national accounts. The purpose of the new architecture is not only to integrate the existing systems of accounts, but also to identify gaps and inconsistencies and expand and incorporate systems of nonmarket accounts with the core system. Since the United States economy accounts for almost thirty percent of the world economy, it is not surprising that accounting for this huge and diverse set of economic activities requires a decentralized statistical system. This volume outlines the major assignments among institutions that include the Bureau of Economic Analysis, the Bureau of Labor Statistics, the Department of Labor, the Census Bureau, and the Governors of the Federal Reserve System. An important part of the motivation for the new architecture is to integrate the different components and make them consistent. This volume is the first step toward achieving that goal.
Author : International Labour Office Publisher : International Labour Organization Page : 578 pages File Size : 54,9 Mb Release : 2004-08-25 Category : Business & Economics ISBN : 922113699X
Consumer Price Index Manual by International Labour Office Pdf
The consumer price index (CPI) measures the rate at which prices of consumer goods and services change over time. It is used as a key indicator of economic performance, as well as in the setting of monetary and socio-economic policy such as indexation of wages and social security benefits, purchasing power parities and inflation measures. This manual contains methodological guidelines for statistical offices and other agencies responsible for constructing and calculating CPIs, and also examines underlying economic and statistical concepts involved. Topics covered include: expenditure weights, sampling, price collection, quality adjustment, sampling, price indices calculations, errors and bias, organisation and management, dissemination, index number theory, durables and user costs.
