Download or read book Aggregation Consumption and Trade written by L. Phlips and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 261 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this testament to the distinguished career of H.S. Houthakker a number of Professor Houthakker's friends, former colleagues and former students offer essays which build upon and extend his many contributions to economics in aggregation, consumption, growth and trade. Among the many distinguished contributors are Paul Samuelson, Werner Hildenbrand, John Muellbauer and Lester Telser. The book also includes four previously unpublished papers and notes by its distinguished dedicatee.
Download or read book Aggregation Consumption and Trade written by L Phlips and published by Springer. This book was released on 2014-01-15 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this testament to the distinguished career of H.S. Houthakker a number of Professor Houthakker's friends, former colleagues and former students offer essays which build upon and extend his many contributions to economics in aggregation, consumption, growth and trade. Among the many distinguished contributors are Paul Samuelson, Werner Hildenbrand, John Muellbauer and Lester Telser. The book also includes four previously unpublished papers and notes by its distinguished dedicatee.
Download or read book Aggregation Consumer Preferences and the Pattern of Trade written by Yutaka Horiba and published by . This book was released on 1982 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Measurement of Aggregate Trade Restrictions and Their Economic Effects written by Julia Estefania-Flores and published by International Monetary Fund. This book was released on 2022-01-07 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt: We develop a new Measure of Aggregate Trade Restrictions (MATR) using data from the IMF’s Annual Report on Exchange Arrangements and Exchange Restrictions. MATR is an empirical measure of how restrictive official government policy is towards the international flow of goods and services. MATR is simple, ad hoc, plausible, quantitative, easily updated, based solely on policy-relevant measures of trade policy, and covers an unbalanced sample of up to 157 countries annually between 1949 and 2019. MATR is strongly correlated with, but more comprehensive than, existing measures of openness and trade policy existing measures. We use MATR to show that trade restrictions are harmful for the economy and lead to significant contractions in output.
Download or read book Aggregation by Industry in General Equilibrium Models with International Trade written by Peter John Lloyd and published by . This book was released on 1991 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Consistent Trade Policy Aggregation written by James Everett Anderson and published by . This book was released on 2008 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Most empirical policy work requires the aggregation of policies. Trade policy aggregation exemplifies the aggregation problem poignantly, with thousands of highly dispersed trade barriers. This paper provides methods of policy aggregation that are consistent with two common objectives of empirical work. One is to preserve real income. The other is to preserve the real volume of activity in the parts of the economy being aggregated. Both objectives must be achieved for consistent multi-country policy modeling. An application to India shows that the standard atheoretic method of aggregation overstates India's real income by around 3 times the global gains from free trade"--National Bureau of Economic Research web site
Download or read book Guidelines for Constructing Consumption Aggregates for Welfare Analysis written by Angus Deaton and published by World Bank Publications. This book was released on 2002-01-01 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: In September 2001, staff from the World Bank and the International Monetary Fund met with the objective of strengthening collaboration between the two organizations in projects of civil service reform. This strengthened collaboration will have key benefits in ensuring consistency between the conflicting goals of the two organizations, establishing realistic objectives within the reform process, and maintaining a core set of wage and employment data. The principal conclusion arrived at was that World Bank and IMF staff should be engaging in collaboration earlier in the reform process. To guide the collaboration, six foundations were identified. These include: develop a medium-term fiscal framework; foster national ownership by making reforms politically feasible; focus and streamline conditionality; agree on sequencing and timing of reforms; and strengthen data collection. These principals will be tested for effectiveness in several focus countries.
Download or read book Measured aggregate gains from international trade written by Ariel Thomas Burstein and published by . This book was released on 2012 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: Do theoretical welfare gains from trade translate into aggregate measures of economic activity? We calculate the changes in real GDP and real consumption that result from changes in trade costs in a range of workhorse trade models, following the procedures outlined by statistical agencies in the United States. Our main findings are as follows: First, real GDP and measured aggregate productivity rise in response to reductions in variable trade costs if GDP deflators capture the decline in trade costs. Second, with balanced trade in each country, changes in world real consumption and changes in world real GDP (i.e.: weighting the change in each country by its nominal GDP) in response to changes in variable trade costs coincide, up to a first-order approximation, with changes in world theoretical (welfare-based) consumption. The equivalence between measured consumption and theoretical consumption holds country-by-country under stronger conditions. Third, for given trade shares and changes in variable trade costs, changes in real GDP and changes in world real consumption are approximately equal in magnitude across the models we consider.
Download or read book Measured Aggregate Gains from International Trade written by Ariel Burstein and published by . This book was released on 2012 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: Do theoretical welfare gains from trade translate into aggregate measures of economic activity? We calculate the changes in real GDP and real consumption that result from changes in trade costs in a range of workhorse trade models, following the procedures outlined by statistical agencies in the United States. Our main findings are as follows: First, real GDP and measured aggregate productivity rise in response to reductions in variable trade costs if GDP deflators capture the decline in trade costs. Second, with balanced trade in each country, changes in world real consumption and changes in world real GDP (i.e.: weighting the change in each country by its nominal GDP) in response to changes in variable trade costs coincide, up to a first-order approximation, with changes in world theoretical (welfare-based) consumption. The equivalence between measured consumption and theoretical consumption holds country-by-country under stronger conditions. Third, for given trade shares and changes in variable trade costs, changes in real GDP and changes in world real consumption are approximately equal in magnitude across the models we consider -- National Bureau of Economic Research web site.
Download or read book Potential Use of an Aggregate Measure of Support written by International Agricultural Trade Research Consortium. Task Force on Potential Use of an Aggregate Measure of Support and published by . This book was released on 1990* with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Aggregation in Economic Analysis written by H.A. John Green and published by Princeton University Press. This book was released on 2015-12-08 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: Professor Green discusses the definition of consistent aggregation and the problem of grouping variables in a single equation; he deals with the aggregation of equations and the probable errors; and summarizes, with reference to the text, the considerations involved in selecting an appropriate form of aggregation. The author's survey presents a well-balanced overview and analysis of aggregation, and makes readily accessible for the first time much material otherwise difficult to obtain. Originally published in 1964. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
Download or read book Trade Gravity and Aggregation written by and published by . This book was released on 2021 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Regional Consumption Responses and the Aggregate Fiscal Multiplier written by Bill Dupor and published by . This book was released on 2021 with total page 69 pages. Available in PDF, EPUB and Kindle. Book excerpt: We use regional variation in the American Recovery and Reinvestment Act (2009-2012) to analyze the effect of government spending on consumer spending. Our consumption data come from household-level retail purchases in the Nielsen scanner data and auto purchases from Equifax credit balances. We estimate that a $1 increase in county-level government spending increases local non-durable consumer spending by $0.29 and local auto spending by $0.09. We translate the regional consumption responses to an aggregate fiscal multiplier using a multi-region, New Keynesian model with heterogeneous agents, incomplete markets, and trade linkages. Our model is consistent with the estimated positive local multiplier, a result that distinguishes our incomplete markets model from models with complete markets. At the zero lower bound, the aggregate consumption multiplier is twice as large as the local multiplier because trade linkages propagate government spending across regions.
Download or read book The Impact of Trade on Aggregate Productivity and Welfare with Heterogeneous Firms and Business Cycle Uncertainty written by and published by . This book was released on 2008 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a model with monopolistic competition, productively heterogeneous firms, and business cycle aggregate shocks. With firm-specific productive heterogeneity, weaker firms quit when faced with a negative aggregate shock. Consequently, trade does not always increase firm-level aggregate productivity as negative shocks on the home market can be compensated for by positive shocks elsewhere. Weaker firms, which would otherwise quit in autarky, can continue to operate by exporting. Despite this, trade can still improve welfare for risk-averse consumers by reducing aggregate price fluctuations.
Download or read book International Market Interdependence and Learning by doing in a Risky World written by JoAnne Feeney and published by . This book was released on 1993 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Trade Gravity and Aggregation written by Holger Breinlich and published by . This book was released on 2021 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Agricultural Trade Reform and the Doha Development Agenda written by Kym Anderson and published by World Bank Publications. This book was released on 2005-11-16 with total page 442 pages. Available in PDF, EPUB and Kindle. Book excerpt: Providing the most complete and up to date analysis of the range of agricultural issues under negotiation in the multilateral trade negotiations underway in the World Trade Organization (WTO), this title is a valuable resource to policymakers, agricultural private sector, and academics in developing and assessing the negotiating options.
