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作者：Vandenbroucke, Guillaume
作者单位：Federal Reserve System - USA; Federal Reserve Bank - St. Louis
摘要：How do war-related expenditures affect economically relevant outcomes at a war's conclusion (e.g., prevailing side, duration, and casualties)? I present a model of attrition and characterize the effects of resources at a military conclusion (one side cannot fight anymore) and a political conclusion (one side quits). I analyze the Pacific War through the lenses of the model, both theoretically and empirically. I find that a parsimonious parameterization reproduces the aggregate patterns of dest...
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作者：Zi, Yuan
摘要：I examine how migration frictions shape the effects of trade policy by analyzing the impact of tariff reductions on labor allocation in China and the role of hukou-based migration frictions. Trade liberalization induces significant labor reallocation, greater in regions with lower hukou frictions. Quantitatively, trade liberalization increases China's welfare by 0.72%. Abolishing the hukou system directly improves welfare by 1.75% but reduces gains from tariff reductions by 18% and amplifies n...
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作者：Jo, Ara
作者单位：University of Bath
摘要：The elasticity of substitution between clean and dirty energy lies at the center of leading economic analyses of climate policy. Despite the importance, empirical assessments of this key parameter remain scarce. This article estimates the clean-dirty elasticity of substitution using data on French manufacturing firms. Using the elasticity estimates, I then measure the bias in technical change at the firm level and find that technical change was largely biased toward dirty energy, despite a rec...
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作者：Agostinelli, Francesco; Saharkhiz, Morteza; Wiswall, Matthew
作者单位：University of Pennsylvania; National Bureau of Economic Research; Johns Hopkins University
摘要：We develop an empirical framework integrating Child Development and Education Production Function literature. It accounts for classroom and parental influences, skill measurement issues, and cognitive/noncognitive interactions. Both home and school investments shape children's skills by kindergarten, with low-skill children benefiting most from improvements. While classrooms are generally more productive, reducing disparities in home investments is more effective in closing income-related skil...
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作者：Caspari, Gian; Khanna, Manshu
作者单位：Leibniz Association; Zentrum fur Europaische Wirtschaftsforschung (ZEW)
摘要：We explore the possibility of designing matching mechanisms that can accommodate nonstandard choice behavior. We pin down the necessary and sufficient conditions on participants' choice behavior for the existence of stable and incentive-compatible mechanisms. Our results imply that well-functioning matching markets can be designed to adequately accommodate a plethora of choice behaviors, including the standard behavior consistent with preference maximization. To illustrate the significance of ...
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作者：Berlingieri, Giuseppe; Calligaris, Sara; Criscuolo, Chiara; Verlhac, Rudy
作者单位：ESSEC Business School; Organisation for Economic Co-operation & Development (OECD); The World Bank
摘要：Using a unique microaggregated data set on firm-level productivity in 13 countries from 1995 to 2014, this article provides new evidence on technology- and knowledge-diffusion barriers for laggard firms. We show that, although the least productive firms benefit from a catch-up effect, their speed of catchup is lower in digital- and skill-intensive industries. This is especially true in countries with high skill mismatch, high financing frictions, and low absorptive capacity. These barriers to ...
