Macroeconomics: National Income & Product Accounts eJournal最新文献_第3页

The Collapse of Labor Productivity Growth in U.S. Manufacturing after 2010 2010年后美国制造业劳动生产率增长的崩溃

Macroeconomics: National Income & Product Accounts eJournal Pub Date : 2018-02-10 DOI: 10.2139/ssrn.3121771

R. Schmalensee

引用次数: 4

A New Interpretation of the Economic Complexity Index 经济复杂性指数的新解读

Macroeconomics: National Income & Product Accounts eJournal Pub Date : 2018-02-04 DOI: 10.2139/ssrn.3075591

P. Mealy, J. Farmer, A. Teytelboym

{"title":"A New Interpretation of the Economic Complexity Index","authors":"P. Mealy, J. Farmer, A. Teytelboym","doi":"10.2139/ssrn.3075591","DOIUrl":"https://doi.org/10.2139/ssrn.3075591","url":null,"abstract":"Analysis of properties of the global trade network has generated new insights into the patterns of economic development across countries. The Economic Complexity Index (ECI), in particular, has been successful at explaining cross-country differences in GDP/capita and economic growth. The ECI aims to infer information about countries’ productive capabilities by making relative comparisons across countries' export baskets. However, there has been some confusion about how the ECI works: previous studies compared the ECI to the number of exports that a country has revealed comparative advantage in (`diversity') and to eigenvector centrality. We show that the ECI is, in fact, equivalent to a spectral clustering algorithm, which partitions a similarity graph into two parts. When applied to country-export data, the ECI represents a ranking of countries that places countries with similar exports close together in the ordering. More generally, the ECI is a dimension reduction tool, which gives the optimal one-dimensional ordering that minimizes the distance between nodes in a similarity graph. We discuss this new interpretation of the ECI with reference to the economic development literature. Finally, we illustrate stark differences between the ECI and diversity with two empirical examples based on regional data.","PeriodicalId":18164,"journal":{"name":"Macroeconomics: National Income & Product Accounts eJournal","volume":"12 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2018-02-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74239827","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 25

Income Inequality in France, 1900-2014: Evidence from Distributional National Accounts (DINA) 1900-2014年法国收入不平等:来自国民分配账户(DINA)的证据

Macroeconomics: National Income & Product Accounts eJournal Pub Date : 2018-01-15 DOI: 10.2139/ssrn.3165058

Bertrand Garbinti, Jonathan Goupille-Lebret, T. Piketty

引用次数: 125

GDP Competition and Investment Allocation: Evidence from China GDP竞争与投资配置:来自中国的证据

Macroeconomics: National Income & Product Accounts eJournal Pub Date : 2017-11-20 DOI: 10.2139/ssrn.3074290

Qiang Liu, Ying Hao, Jing Lu, Yong Du

{"title":"GDP Competition and Investment Allocation: Evidence from China","authors":"Qiang Liu, Ying Hao, Jing Lu, Yong Du","doi":"10.2139/ssrn.3074290","DOIUrl":"https://doi.org/10.2139/ssrn.3074290","url":null,"abstract":"This study examines how macroeconomic performance competition is related to the investment allocation at firm level. We use different GDP competitions as proxies of dynamic macroeconomic condition. We find that the effect of GDP competition on fixed assets investment is significantly positive. Further, we find that adjacent-wide GDP competition is associated with more M&As and nationwide GDP competition is associated with less R&D investment in the high group of fixed assets investment. We also show that GDP competition contributes to increase overinvestment and lower underinvestment, and the GDP competition is more likely to affect the investment allocations of SOEs (State Owned Enterprises). Especially, our analyses find that the probability of promotion is lower for those provincial leaders driving firms to take more M&As to promote economic growth than investing heavily in fixed assets. We use alternative proxies to measure GDP competition and find similar results that support our inference. Our findings support the notion that GDP competition of governments distorts investment behavior and contributes to discovering and elucidating investment problems and dilemma faced by emerging economy.","PeriodicalId":18164,"journal":{"name":"Macroeconomics: National Income & Product Accounts eJournal","volume":"70 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2017-11-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77881004","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Von Brüssel Bis Berlin. Ein Kritischer Blick Auf Die Deutschen Leistungsbilanzüberschüsse (From Brussels to Berlin: A Critical Look at the German Current Account Surpluses) 从布鲁塞尔到柏林。布鲁塞尔对德国经常项目盈余的批评

Macroeconomics: National Income & Product Accounts eJournal Pub Date : 2017-10-15 DOI: 10.2139/ssrn.3102117

Detlev Ehrig

{"title":"Von Brüssel Bis Berlin. Ein Kritischer Blick Auf Die Deutschen Leistungsbilanzüberschüsse (From Brussels to Berlin: A Critical Look at the German Current Account Surpluses)","authors":"Detlev Ehrig","doi":"10.2139/ssrn.3102117","DOIUrl":"https://doi.org/10.2139/ssrn.3102117","url":null,"abstract":"<b>German Abstract: </b> Deutschland verfügt über einen der weltweit höchsten Leistungsbilanzüberschüsse, gemessen am Bruttoinlandsprodukt. Damit zieht es massive Kritik seiner Handelspartner auf sich. Vom amerikani-schen Präsidenten Trump, über den Internationalen Währungsfonds bis hin zur Europäischen Kommission reichen die Vorwürfe, Deutschland gefährde mit seinen andauernden Leistungsbilanzüberschüssen die Stabilität des internationalen Handels. Das vorliegende Papier greift die kritischen internationalen Positionen auf und diskutiert mögliche Ursachen des Leistungsbilanzungleichgewichts. Schwerpunkt ist eine Auseinandersetzung mit dem Argument der Überersparnis (savings glut) als Ausdruck einer reifen Volkswirtschaft. Im Weiteren geht es um Wege zur Erhöhung der Konsumnachfrage und einer Ausweitung privater und staatlicher Investitionen. Als ein möglicher Schritt zu einer nachhaltigen Korrektur der Leistungsbilanzüberschüsse wird die Abschaffung der europäischen Schuldenbremse erörtert, die sich zugleich als eine Leistungsbilanzbremse erweisen kann. <b>English Abstract: </b> Germany has one of the highest current account surpluses in the world. This is criticised by its global trading partners and is subject to the European Macroeconomic Imbalance Procedure as well as to the IMF and the new us-government. However, this phenomenon is interpreted quite disparately. The paper argues that periods of weak domestic demand and a saving surplus over investment has left lasting traces. How could Germany find out ways to increase domestic demand, especially its public and private investment, to reduce its surplus? Political actions should focus directly on the distortions and misallocations that potentially result from an imbalance. The article discusses Bernanke’s thesis of savings glut in mature economies. As a political consequence, this means turning away from the politics of European debt limits and installing a limit on balance on current account.","PeriodicalId":18164,"journal":{"name":"Macroeconomics: National Income & Product Accounts eJournal","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2017-10-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89739221","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The New Macroeconomics of Consumer Surplus 消费者剩余的新宏观经济学

Macroeconomics: National Income & Product Accounts eJournal Pub Date : 2017-09-14 DOI: 10.2139/ssrn.3042915

Ilya Talman, Xiao Qiao, S. Rubinow, M. Lippitz, Peter Evangelakis

引用次数: 1

Weighing the Significance of World War I for the Australian Economy 第一次世界大战对澳大利亚经济的影响

Macroeconomics: National Income & Product Accounts eJournal Pub Date : 2017-07-01 DOI: 10.1111/1467-8462.12224

W. Coleman

引用次数: 0

Cash Flows and National Accounts (Need New Satellite Account) 现金流量和国民账户(需要新的附属账户)

Macroeconomics: National Income & Product Accounts eJournal Pub Date : 2017-06-19 DOI: 10.2139/SSRN.2988817

Metodi Hristov

{"title":"Cash Flows and National Accounts (Need New Satellite Account)","authors":"Metodi Hristov","doi":"10.2139/SSRN.2988817","DOIUrl":"https://doi.org/10.2139/SSRN.2988817","url":null,"abstract":"The questions related to cash flows deserve greater attention than the one devoted on this subject nowadays. The reasons for such a conclusion are at least two circumstances. On the one hand this is their complexity, but on the other - the fact that they are an integral part of any micro- and macro-economic activity. Studies show that these questions have long engaged for both theoreticians and practitioners. Today they are again relevant. The need for their resolution is even higher in today’s turbulent economic development. For this purpose, however, it is necessary to find a reliable tool for the presentation of cash flows. Expectations that this is possible by the information contained in more widely used national accounts (Generalised System of National Accounts - SNA 2008 and the European System of National Accounts - ESA 2010) found no practical application. This is due to the fact that there is not reliable definition nor reliable coverage of cash flows. It is obvious that in this situation there is a need to create another satellite account to the national accounts to cover this gap. This is the main objective of the proposed material. In its first part issues about the definition and presentation of cash flows in the national accounts are discussed. The second part is dedicated to the opportunities to establish new satellite account to the national accounts for cash flows. The content of the third part is about ideas how to use the new satellite account.","PeriodicalId":18164,"journal":{"name":"Macroeconomics: National Income & Product Accounts eJournal","volume":"401 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2017-06-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86325407","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Authority and Incentives in Organizations 组织中的权威和激励

Macroeconomics: National Income & Product Accounts eJournal Pub Date : 2017-04-01 DOI: 10.1111/sjoe.12172

M. Kräkel

引用次数: 4

Electoral Thresholds as Coordination Devices 选举门槛作为协调手段

Macroeconomics: National Income & Product Accounts eJournal Pub Date : 2017-04-01 DOI: 10.1111/sjoe.12175

Matías Núñez, Dimitrios Xefteris

引用次数: 1