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Browsing Duke Faculty Scholarship by Duke Department "Economics"

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Browsing Duke Faculty Scholarship by Duke Department "Economics"

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  • Capital deepening response in an economy with heterogeneous capital goods
    Burmeister, Edwin; Turnovsky, S. J (1972)
    Capital deepening is an important con- cept in traditional capital theory. In a one-sector model it has an unambiguous definition, describing an increase in the physical capital-labor ratio...
  • Capital Trading, Stock Trading, and the Inflation Tax on Equity
    Chami, Ralph; Cosimano, Thomas F.; Fullenkamp, Connel (SSRN eLibrary, 2000)
    A market for used capital goods, or financial instruments that represent the ownership of the used capital goods, induces inflation taxes on wealth and on the nominal income flows they provide. This paper explicitly ...
  • Capital Trading, Stock Trading, and the Inflation Tax on Equity: A Note
    Baier, Scott L.; Carlstrom, Charles T.; Chami, Ralph; Cosimano, Thomas F.; Fuerst, Timothy S.; Fullenkamp, Connel (SSRN eLibrary, 2003)
    l Trading, Stock Trading, and the Inflation Tax on Equity," Chami, Cosimano, and Fullenkamp (2001) (hereafter, CCF) analyze a cash-in-advance model in which capital goods are explicitly traded. The authors show that there ...
  • Capital Utilization and Returns to Scale
    Burnside, A. Craig; Eichenbaum, Martin; Rebelo, Sergio (The University of Chicago Press, 1995)
    This paper studies the implications of procyclical capital utilization rates for inference regarding cyclical movements in labor productivity and the degree of returns to scale. We organize our investigation around five ...
  • Carrots and Sticks: Fertility Effects of China's Population Policies
    McElroy, Marjorie; Yang, Dennis Tao (American Economic Review, 2000)
    For 20 years following 1948, average total fertility per woman in China hovered just above six children. The year 1970 marked the beginning of persistent fertility declines. By 1980, the rate had dropped to 2.75, and scine ...
  • Carry Trade: The Gains of Diversification
    Burnside, Craig; Eichenbaum, Martin; Rebelo, Sergio (Journal of the European Economic Association, 2008-04-01)
    Market participants routinely take advantage of the failure of uncovered interest rate parity to speculate in currency markets. Perhaps the most widely used currency speculation strategy is the carry trade. In this article ...
  • Case Study of Variables in Retirement Policy, A
    Kreps, J. M (U.S. Bureau of Labor Statistics, 1961)
    The 1960's may bring us full circle in the evolution of retirement policy. In conrtast with the depression era of the 1930's, when compulsory retirement was viewed as a means of rationing scarce jobs, the tight labor market ...
  • The Causal Direction Between Money And Prices: An Alternative Approach
    Hoover, Dr Kevin (Journal of Monetary Economics, 1990)
    Causality is viewed as a matter of control. Controllability is captured in Simon’s analysis of causality as an asymmetrical relation of recursion between variables in the unobservable data-generating process. Tests of ...
  • Causality in Economics and Econometrics
    Hoover, Dr Kevin (SSRN eLibrary, 2006)
    An entry for the New Palgrave Dictionary of Economics. Traces the history of causality in economics and econometrics since David Hume. Examines the main modern approaches to causal inference.
  • Causation, Spending, and Taxes: Sand in the Sandbox or Tax Collector for the Welfare State?
    Hoover, Dr Kevin; Sheffrin, Steven M. (The American Economic Review, 1992)
    Causal relations between federal expenditure and taxation are analyzed using an approach based on the invariance of econometric relationships in the face of structural interventions. Institutional evidence for interventions ...
  • Changing the Boston School Choice Mechanism
    Abdulkadiroglu, Dr Atila; Pathak, Parag; Roth, Alvin E.; Sonmez, Tayfun (SSRN eLibrary, 2006)
    05 the Boston School Committee voted to replace the existing Boston school choice mechanism with a deferred acceptance mechanism that simplifies the strategic choices facing parents. This paper presents the empirical case ...
  • Child Nutrition in India in the Nineties
    Tarozzi, Alessandro; Mahajan, Aprajit (Economic Development and Cultural Change, 2007)
    India experienced several years of fast economic growth during the 1990s, and according to many observers this period also saw a considerable decline in poverty, especially in urban areas. We use data from two rounds of ...
  • Collusive Bidder Behavior at Single-Object Second-Price and English Auctions
    Graham, Daniel; Marshall, Robert C. (The Journal of Political Economy, 1987)
    In this paper we first develop a model of cooperative bidder behavior at a single-object (nondivisible) second-price auction within the IPV framework assuming risk neutrality of the bidders and the auctioneer. A central ...
  • A Comment on the Analysis of Data Generated by Simulation Experiments
    Naylor, Thomas; Wonnacott, Thomas H. (Management Science, 1970-11)
    The purpose of this note is to suggest some improvements in current statistical analysis of computer-simulated data. To be concrete, we will take a recent paper by Rosser T. nelson [7] which appears in this journal as the ...
  • A Comment on" This Age of Leontief... and Who?"
    Burmeister, Edwin (Journal of Economic Literature, 1975)
    Levine claims that Sraffa has been misunder- stood on issues concerning, "(1) [the] use of pro- duction coefficients and the question of returns to scale, (2) the centerpiece of the price-deter- mining apparatus, (3) ...
  • Comment.(The Identification Power of Equilibrium in Simple Games)
    Khan, Prof Shakeeb (2008)
    The article "The Identification Power of Equilibrium in Simple Games" can be extended in various areas to expand knowledge in both empirical and theoretical econometrics. The notion of relative sharpness of the proposed ...
  • Commercial Policy and Aggregate Employment under Rational Expectations
    Kimbrough, Kent (Quarterly Journal of Economics, 1984)
    Commercial policy is often advocated as a useful tool for combating such macroeconomic ills as unemployment and chronic balance of payments deficits. This paper examines the role of expectations in determining the output ...
  • Commercial Policy Under Fixed and Flexible Exchange Rates
    Tower, Edward (The Quarterly Journal of Economics, 1973)
    I. Is devaluation deflationary? 437.--II. The Keynesian model, 442.--III. Commercial policy under fixed rates, 446.--IV. Commercial policy under flexible rates, 449.--V. The terms-of-trade effect can be zero or negative ...
  • Commitment Mechanisms and Compliance with Health-protecting Behavior: Preliminary Evidence from Orissa (India)
    Tarozzi, Alessandro; Mahajan, Aprajit; Yoong, Joanne; Blackburn, Brian (American Economic Review Papers and Proceedings, 2008)
    In this paper, we present results which are part of larger study carried out in five districts of the eastern Indian state of Orissa, where endemic malaria represents one of the most serious public health concerns. One of ...
  • Common Persistence in Conditional Variances
    Bollerslev, Tim; Engle, Robert F. (Econometrica, 1994)
    Since the introduction of the autoregressive conditional heteroskedastic (ARCH) model in Engle (1982), numerous applications of this modeling strategy have already appeared. A common finding in many of these studies with ...