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Browsing Duke Faculty Scholarship by Duke Department "Economics"

DukeSpace

Browsing Duke Faculty Scholarship by Duke Department "Economics"

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  • A, B, C's (and D)'s for Understanding VARs
    Rubio-Ramirez, J.F.; Fernandez-Villaverde, Jesus; Sargent, Thomas J. (American Economic Review, 2005)
    The dynamics of a linear (or linearized) dynamic stochastic economic model can be expressed in terms of matrices (A,B,C,D) that define a state space system. An associated state space system (A,K,C,Sigma) determines a vector ...
  • The Absence of the Corporation in Islamic Law: Origins and Persistence
    Kuran, Timur (American Journal of Comparative Law, 2005-07)
    Classical Islamic law recognizes only natural persons; it does not grant standing to corporations. This article explores why Islamic law did not develop a concept akin to the corporation, or borrow one from another legal ...
  • Accidents Will Happen? Unintentional Childhood Injuries and the Effects of Child Care Regulations
    Hotz, V.J.; Currie, J. (Journal of Health Economics, 2004)
    Accidents are the leading cause of death and injury among children in the United States, far surpassing diseases as a health threat. We examine the effects of child care regulation on rates of accidental injury using ...
  • Additive General Error Models for Production, Cost, and Derived Demand or Share Systems
    McElroy, Marjorie (Journal of Political Economy, 1987)
    Many empirical studies of production specify a deterministic model of the firm, derive the implied behavioral equations (input demand or share system), and then "embed this system in a stochastic framework" by tacking ...
  • Agglomeration Effects in Foreign Direct Investment and the Pollution Haven Hypothesis
    Wagner, Ulrich J.; Timmins, Christopher (SSRN, 2008)
    Does environmental regulation impair international competitiveness of pollutionintensive industries to the extent that they relocate to countries with less stringent regulation, turning those countries into“pollution ...
  • Aggregate Information and the Role of Monetary Policy in an Open Economy
    Kimbrough, Kent (Journal of Political Economy, 1984)
    A model of a small open economy in which agents trade in local goods markets and an economy-wide asset market is developed. Purchasing-power parity is assumed to hold at the aggregate level. However, because of local ...
  • Aid, Policies, and Growth
    Burnside, A. Craig; Dollar, David (The American Economic Review, 2000)
    This paper uses a new database on foreign aid to examine the relationships among foreign aid, economic policies, and growth of per capita GDP. We find that aid has a positive impact on growth in developing countries with ...
  • Aid, Policies, and Growth: Reply
    Burnside, Craig; Dollar, David (American Economic Review, 2004)
    In Burnside and Dollar (2000) we used standard regression techniques from the growth literature to measure the effect of foreign aid on growth. The main finding in our paper was that the effect of foreign aid on growth ...
  • Aid, Policies, and Growth: Revisiting the Evidence
    Burnside, A. Craig; Dollar, David (SSRN eLibrary, 2004)
    Burnside and Dollar revisit the relationship between aid and growth using a new data set focusing on the 1990s. The evidence supports the view that the impact of aid depends on the quality of state institutions and policies. ...
  • Allais, Stability, and Liapunov Theory
    Weintraub, E Roy (History of Political Economy, 1991)
    There is a troublesome problem embedded in every discussion of scientific discovery. As the eminent historian of science Thomas S. Kuhn has remarked: To make a discovery is to achieve one of the closest approximations to ...
  • Allowing the Data to Speak Freely: The Macroeconometrics of the Cointegrated Vector Autoregression
    Hoover, Dr Kevin; Johansen, Soren; Juselius, Katarina (SSRN eLibrary, 2007)
    An explication of the key ideas behind the Cointegrated Vector Autoregression Approach. The CVAR approach is related to Haavelmo's famous "Probability Approach in Econometrics" (1944). It insists on careful stochastic ...
  • Alternative models for stock price dynamics
    Chernov, Mikhail; Gallant, A. Ronald; Ghysels, Eric; Tauchen, George (Journal of Econometrics, 2003)
    This paper evaluates the role of various volatility specifications, such as multiple stochastic volatility (SV) factors and jump components, in appropriate modeling of equity return distributions. We use estimation technology ...
  • Arbitrage pricing theory as a restricted nonlinear multivariate regression model: Iterated nonlinear seemingly unrelated regression estimates
    McElroy, Marjorie; Burmeister, Edwin (Journal of Business & Economic Statistics, 1988)
    By replacing the unknown random factors of factor analysis with observed macroeconomic variables, the arbitrage pricing theory (APT) is recast as a multivariate nonlinear regression model with across-equation restrictions. ...
  • Archiving the History of Economics
    Weintraub, E Roy; Meardon, Prof Stephen; Gayer, Ted; Banzhaf, H. Spencer (Journal of Economic Literature, 1998)
    Archival materials offer a rich source of information for understanding the history of economics. The correspondence, lecture notes, unpublished reports and drafts, and oral histories contained in the archives of prominent ...
  • ARCH Models
    Bollerslev, Tim; Engle, Robert F.; Nelson, Daniel B. (Handbook of Econometrics, 1994)
    This chapter evaluates the most important theoretical developments in ARCH type modeling of time-varying conditional variances. The coverage include the specification of univerate parametric ARCH models, general inference ...
  • Are Alcohol Excise Taxes Good For Us? Short and Long-Term Effects on Mortality Rates
    Cook, Philip; Ostermann, Jan; Sloan, Frank (SSRN eLibrary, 2005)
    results from a 30-year panel of the state-level data indicate that changes in alcohol-excise taxes cause a reduction in drinking and lower all-cause mortality in the short run. But those results do not fully capture the ...
  • Are Exchange Rates Really Random Walks? Some Evidence Robust To Parameter Instability
    Rossi, Barbara (Macroeconomic Dynamics, 2006-02)
    Many authors have documented that it is challenging to explain exchange rate fluctuations with macroeconomic fundamentals: a random walk forecasts future exchange rates better than existing macroeconomic models. This paper ...
  • Are For-Profit Hospital Conversions Harmful to Patients and to Medicare?
    Picone, Gabriel; Chou, Shin-Yi; Sloan, Frank (RAND Journal of Economics, 2002)
    We examine how changes in hospital ownership to and from for-profit status affect quality and Medicare payments per hospital stay. We hypothesize that hospitals converting to for-profit ownership boost postacquisition ...
  • Are Immigrant Remittance Flows a Source of Capital for Development?
    Chami, Ralph; Fullenkamp, Connel; Jahjah, Samir (SSRN eLibrary, 2003)
    The role of remittances in development and economic growth is not well understood. This is partly because the literatures on the causes and effects of remittances remain separate. We develop a framework that links the ...
  • Are mature smokers misinformed?
    Khwaja, Ahmed; Silverman, Dan; Sloan, Frank; Wang, Yang (Journal of Health Economics, 2009)
    While there are many reasons to continue to smoke in spite of its consequences for health, the concern that many smoke because they misperceive the risks of smoking remains a focus of public discussion and motivates tobacco ...