1.

Record Nr.

UNISA990005853890203316

Autore

D'URSO, Francesco

Titolo

La proprietà : un dibattito di primo Novecento / Francesco D'Urso

Pubbl/distr/stampa

Napoli : Editoriale scientifica, 2012

ISBN

978-88-86342-419-5

Descrizione fisica

225 p. ; 21 cm

Collana

Pensiero giuridico e politico . N.S. , Saggi ; 29

Disciplina

346.0401

Soggetti

Proprietà - Filosofia del diritto

Collocazione

XXII.1.C. 1028

Lingua di pubblicazione

Italiano

Formato

Materiale a stampa

Livello bibliografico

Monografia

2.

Record Nr.

UNINA9910970436703321

Titolo

Elasticity Optimism

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2009

ISBN

9786612844669

9781462338603

1462338607

9781452701622

1452701628

9781451874242

1451874243

9781282844667

1282844660

Edizione

[1st ed.]

Descrizione fisica

45 p

Collana

IMF Working Papers

Disciplina

338.192367

Soggetti

Monetary policy

Economic policy

Consumption

Deflation

Economics



Exports and Imports

Import prices

Imports

Inflation

International economics

Macroeconomics

Macroeconomics: Consumption

Price elasticity

Price indexes

Price Level

Prices

Saving

Trade: General

Wealth

United States

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Bibliographic Level Mode of Issuance: Monograph

Nota di bibliografia

Include bibliographical references.

Nota di contenuto

Cover Page -- Title Page -- Copyright Page -- Contents -- I Introduction -- II Trade Elasticities: Practice ahead of Theory -- A Practice -- B Theory -- 1 No Firm Entry -- 2 Allowing for Firm Entry -- 3 The Price Elasticity of Imports -- III Identification -- A Microeconomic Estimates -- B Homogeneous Estimates -- C Data -- IV Results and Relevance -- A Microeconomic Results -- 1 Microeconomic estimates of the elasticity of substitution -- B Macroeconomic Results -- 1 Estimation with common correlated effects -- C Relevance -- 2 The J-curve in a two-sector BKK model -- D Stability -- 2 Variants on the weights -- 3 Estimation without common correlated effects -- V Conclusion -- A Aggregation and Homogeneity -- B Heterogeneous Supply -- C The Price Elasticity of Imports -- D Derivation of the Supply Curve -- E Estimated Variances -- F A Two-Sector Version of BKK -- F. 1 Benchmark Parameter Values taken from BKK (1994) -- References -- Footnotes.

Sommario/riassunto

In most macroeconomic models, the substitutability between domestic and foreign goods is calibrated using aggregated data. This imposes homogeneous elasticities across goods, and the calibration is only valid under this assumption. If elasticities are heterogeneous, the aggregate substitutability is a weighted average of good-specific elasticities, which in general cannot be inferred from aggregated data. We identify structurally the substitutability in US goods using multilateral trade data. We impose homogeneity, and find an aggregate elasticity similar in value to conventional macroeconomic estimates. It is more than twice larger with sectoral heterogeneity. We discuss the implications in various areas of international economics.