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作者：Eicher, TS; Osang, T
作者单位：University of Washington; University of Washington Seattle; Southern Methodist University
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作者：Kunce, M; Gerking, S; Morgan, W
作者单位：University of Wyoming; State University System of Florida; University of Central Florida
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作者：Chang, YS; Gomes, JF; Schorfheide, F
作者单位：University of Pennsylvania; University of Pennsylvania; Center for Economic & Policy Research (CEPR); University of Pennsylvania
摘要：This paper suggests that skill accumulation through past work experience, or learning-by-doing (LBD), can provide an important propagation mechanism in a dynamic stochastic general-equilibrium model, as the current labor supply affects future productivity. Our econometric analysis uses a Bayesian approach to combine micro-level panel data with aggregate time series. Formal model evaluation shows that the introduction of the LBD mechanism improves the model's ability to fit the dynamics of aggr...
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作者：Bouman, S; Jacobsen, B
作者单位：Erasmus University Rotterdam - Excl Erasmus MC; Erasmus University Rotterdam
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作者：Bosch-Domènech, A; Montalvo, JG; Nagel, R; Satorra, A
作者单位：Pompeu Fabra University
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作者：Shiue, CH
作者单位：University of Texas System; University of Texas Austin
摘要：Trade has been considered a condition for growth and development, a view that might have merits in explaining the rise of the Western world. I use a new data set from archival sources of eighteenth-century China to revisit this question. This analysis suggests previous studies of market integration, which attribute much growth to a reduction in transport costs, have overestimated these effects. I find the overall level of market integration in China was higher than previously thought, and, int...
