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Monday, July 27, 2020 | History

3 edition of use of literature based elasticity estimates in calibrated models of trade-wage decompositions found in the catalog.

use of literature based elasticity estimates in calibrated models of trade-wage decompositions

Hui Huang

use of literature based elasticity estimates in calibrated models of trade-wage decompositions

a calibmetric approach

by Hui Huang

  • 80 Want to read
  • 13 Currently reading

Published by National Bureau of Economic Research in Cambridge, Mass .
Written in English

    Subjects:
  • Econometrics,
  • Elasticity (Economics)

  • Edition Notes

    StatementHui Huang, John Whalley.
    SeriesNBER working paper series -- no. 10137., Working paper series (National Bureau of Economic Research) -- working paper no. 10137.
    ContributionsWhalley, John., National Bureau of Economic Research.
    The Physical Object
    Pagination24 p. :
    Number of Pages24
    ID Numbers
    Open LibraryOL17618505M
    OCLC/WorldCa54008004

    William James is the author of one of the most profound compendiums in the history of Psychology. In it, he’s depicted as a mentalist, voluntarist, introspectionist and experimentalist scientist. The Elasticity of Trade: Estimates and Evidence Ina Simonovska University of California, Davis and NBER disaggregate price and trade flow data for the year and estimate the elasticity of trade for countries. Our estimate of the elasticity is roughly 4, nearly 50 percent lower than s ()estimationstrategy suggests Cited by:

    This book provides an accessible presentation of the standard statistical techniques used by labor economists. It emphasises both the input and the output of empirical analysis and covers five major topics concerning econometric methods used in labor economics: regression and related methods, choice modelling, selectivity issues, duration analysis, and policy evaluation techniques. A large and increasingly international literature seeks to estimate various price elasticities of drug use, including the “participation elasticity” (ratio of change in number of users to change in price) and the “conditional elasticity” (ratio of change in quantity consumed among users to change in price).Cited by: 2.

    estimate for the elasticity of labour demand indicates the percentage increase in labour demand if labor costs are reduced by 1%. The MoF () uses an elasticity estimate of for the private sector. The idea of this background report is based on the latest Economic Policy. I am wondering how to include price elasticity (demand side) in a linear price regression model that is based on asuming price is the result of demand=supply.. Constructing a price regression under the asumption of price inelastic demand is pretty straight forward, since you do not have the problem of dealing with simultaneous equations. Yet, I cant wrap my head around how to implement the.


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Use of literature based elasticity estimates in calibrated models of trade-wage decompositions by Hui Huang Download PDF EPUB FB2

The Use of Literature Based Elasticity Estimates in Calibrated Models of Trade-Wage Decompositions: A Calibmetric by: 1.

The Use of Literature Based Elasticity Estimates in Calibrated Models of Trade-Wage Decompositions: A Calibmetric Approach. The Use of Literature Based Elasticity Estimates in Calibrated Models of Trade-Wage Decompositions: A Calibmetric Approach Hui Huang and John Whalley NBER Working Paper No.

December JEL No. C5 ABSTRACT How to best utilize the wide range of estimates of elasticities that characterize econometric literature when using calibrated models is the issue we a ddress. Hui Huang & John Whalley, "The Use of Literature Based Elasticity Estimates in Calibrated Models of Trade-Wage Decompositions: A Calibmetric Approach," DEGIT Conference Papers c_, DEGIT, Dynamics, Economic Growth, and International Trade.

The Use of Literature Based Elasticity Estimates in Calibrated Models of Trade-Wage Decompositions View: Hui Huang and John Whalley The Use of Literature Based Elasticity Estimates in Calibrated Models of Trade-Wage Decompositions: A Calibmetric ApproachAM: Rodney Beard.

"The Use of Literature Based Elasticity Estimates in Calibrated Models of Trade-Wage Decompositions: A Calibmetric Approach," DEGIT Conference Papers c_, DEGIT, Dynamics, Economic Growth, and International Trade. “The Use of Literature Based Elasticity Estimates in Calibrated Models of Trade-Wage Decompositions: Journal of Economic Literature 14 (10): 54– Google Scholar.

Mises, Ludwig von. Human Action. Scholar’s Edition. Auburn, Ala.: Ludwig von Mises by: 9. The Choice of Structural Model in Trade-Wages Decompositions Lisandro Abrego and John Whalley1 CSGR and Dept. of Economics, University of Warwick, CSGR Working Paper No.

34/99 May Abstract: This paper explores the use of structural models as an alternative to reduced form. This paper explores the use of structural models as an alternative to reduced form methods when decomposing observed joint trade and technology driven wage changes into components attributable to each source.

Conventiona mobile factors Heckscher-Ohlin models typically reveal problems of specialisation unless price changes accompanying trade shocks are small, and can also produce wide. A trade elasticity is a reduced form estimate, but one that is relevant to policy - and ultimately to calibration choices.

Recent work has shown trade elasticities can re ect supply decisions on the part of individual producers. International prices di er, for instance because of tari s or transport costs, and rmsFile Size: KB.

Econometrically generated literature based elasticity parameters are typically used in calibrated models a very simple manner, appealing to a single value. Here we explicitly incorporate the full range of values of elasticities yielded by econometric studies in both the calibration procedure employed and the uses made of a calibrated : Hui Huang and John Whalley.

The Use of Literature Based Elasticity Estimates in Calibrated Models of Trade-Wage Decompositions: A Calibmetric Approach DEGIT Conference Papers, DEGIT, Dynamics, Economic Growth, and International Trade Also in NBER Working Papers, National Bureau of. Introduction. Quantitative results from a large class of structural gravity models of international trade depend critically on the elasticity of trade with respect to trade frictions.

1 To illustrate how important this parameter is, consider two examples: First, for any pair of countries, the estimate of the tariff equivalent of a border effect is inversely proportional to the assumed Cited by: • Estimates of the elasticity of broad income (total income less capital gains, generally as reported on tax returns) are within the range of zero to These sorts of estimates have some advantages and disadvantages relative to the traditional labor supply literature for assessing theFile Size: KB.

The Use of Literature Based Elasticity Estimates in Calibrated Models of Trade-Wage Decompositions: A Calibmetric Approach with John Whalley: w How to best utilize the wide range of estimates of elasticities that characterize econometric literature when using calibrated models is the issue we address here through a blending of.

flows to estimate this elasticity. Using their Ricardian model of trade, Eaton and Kortum () (henceforth EK) provide an innovative and simple solution to this problem by arguing that, with product-level price data, one could use the maximum price difference across goods be-tween countries as a proxy for bilateral trade frictions.

of models for labor demand. Given the nature of the model, the estimated param-eter for the wage rate variable may then be easily interpreted as the elasticity of labor demand. 3 Literature review and descriptive analysis We next provide a short qualitative summary of the literature estimating (impacts on) the own-wage elasticity of labor demand.

Get this from a library. The use of literature based elasticity estimates in calibrated models of trade-wage decompositions: a calibmetric approach. The use of literature based elasticity estimates in calibrated models of trade-wage decompositions: a calibmetric approach.

The Choice of Structural Model in Trade-Wages Decompositions of trade and use these estimates via exogenous (literature based) labour for direct model calibration to import demand : Lisandro Abrego. Calibration of a model to start and end years, based upon an assumed functional form and parameter values, produces a consistent set of decompositions for both growth and inequality.provided an excellent survey on this literature and show that trade cost elasticity estimates range from -4 to Applying these estimates and the US’s import penetration ratio of as in year to the formula of Arkolakis et al.

(), the gain from trade (from autarky) for .theoretical and empirical specification of the labor demand model, different datasets used or sectors and countries considered explains more than 80% of the variation in the estimates.

We further find substantial evidence for the presence of publicationselection bias, as estimates of the own-wage elasticity of labor demand are upwardly inflated.