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作者：TERRELL, K
作者单位：Czech Academy of Sciences; Charles University Prague
摘要：This paper provides improved estimates of technological change and the first estimates of factor bias in Polish industry. The analysis uses newly generated data on western capital (the factor assumed responsible for technical change), adjusts capital for capacity utilization and tests for more complex specifications of the production function. The major findings are (a) the trend in technical change was non-increasing over the period and technological change was western capital using in only t...
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作者：BEGHIN, JC; LOVELL, CAK
作者单位：Organisation for Economic Co-operation & Development (OECD); University System of Georgia; University of Georgia; University of North Carolina; University of North Carolina Chapel Hill
摘要：This paper provides an empirical investigation into the international trade and domestic market efficiency effects of physical domestic content requirement in the Australian tobacco leaf growing and cigarette manufacturing industries. Our empirical evidence suggests that the content requirement has distorted trade by restricting leaf imports. Nevertheless, the data are also consistent with the efficient contract hypothesis. The mix of domestic to imported leaf used in cigarette manufacturing d...
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作者：PARSLEY, DC; WEI, SJ
作者单位：Harvard University
摘要：This paper casts doubt on the validity of the hysteresis hypothesis as an explanation of the persistent U.S. trade deficits in the 1980s. We propose two tests to investigate two different implications of the hypothesis. The first implication is that cumulative changes in exchange rates, in addition to current exchange rate levels, are important determinants of trade flows. The second implication is that foreign exporting firms' perceptions of exchange rate volatility will affect their decision...
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作者：TANIZAKI, H
摘要：In this paper, the time-varying parameter model based on the Kalman filter is combined with the binary choice model. Next, estimation of the unknown parameters is examined without using any distribution. Finally, a money excess demand function is estimated as an application to the problem.
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作者：DOMOWITZ, I; HUBBARD, RG; PETERSEN, BC
作者单位：Columbia University; National Bureau of Economic Research; Washington University (WUSTL)
摘要：We reply to the Comment by Kamerschen and Park on our 1988 paper published in this Review. We find that the econometric point raised by these authors is flawed, because differences in model structure and data are ignored. In particular, the importance of materials input in assessing price-cost margins is reiterated here, and illustrated with the 1988 paper's original table. Other points of the Comment are refuted by direct reference to statistical results and inferred conclusions in the 1988 p...
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作者：KOLSTAD, CD; LEE, JK
作者单位：Bank of Korea
摘要：This paper concerns the problem of properly specifying the dynamic structure of models of industry costs and factor demands. The paper compares three common frameworks: long-run costs with all factors assumed in equilibrium (Full Static Equilibrium), short-run costs with variable factors in short-run equilibrium (Partial Static Equilibrium) followed by computation of long-run costs, and short-run costs including internal capital adjustment costs (Partial Dynamic Equilibrium). The approach of t...
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作者：CAMPA, JM
摘要：This paper tests the effects that real exchange rate fluctuations had on foreign direct investment into the United States during the 1980s. Using a sample of foreign investments in 61 four-digit SIC U.S. wholesale industries, this paper finds exchange rate volatility to be negatively correlated with the number of foreign investments that occur in these industries. This negative effect is most pronounced for industries where sunk investments in physical and intangible assets are relatively high...
