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Cross-sectional heterogeneity and the business cycle

Growth with cross sectional heterogeneity

Growth with cross sectional heterogeneity

... of business fluctuations (business cycle volatility) affects the growth ...The business cycle affects growth through two margins: the incentive to do research and implement ideas and ...

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A Parsimonious Macroeconomic Model for Asset Pricing: Habit Formation or Cross-sectional Heterogeneity?

A Parsimonious Macroeconomic Model for Asset Pricing: Habit Formation or Cross-sectional Heterogeneity?

... preference heterogeneity has a big impact on the first two moments of returns, but is not as critical for other ...the business cycle giving rise to interesting time-series ...

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Heterogeneity in sectoral employment and the business cycle

Heterogeneity in sectoral employment and the business cycle

... industries than in the goods sectors. That said, it is also the case that there isn’t much uniformity within the goods-producing sectors. In particular, we find that employment variations in the durable goods sectors are ...

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Firm Heterogeneity, Endogenous Entry, and the Business Cycle

Firm Heterogeneity, Endogenous Entry, and the Business Cycle

... the business cycle frequency as long as one adopts a loose interpretation of entry and exit that includes not only …rms but also their portfolios of establishments, franchises, and ...

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Dealing with substantial heterogeneity in Cochrane reviews. Cross-sectional study

Dealing with substantial heterogeneity in Cochrane reviews. Cross-sectional study

... Although our sample consisted only of reviews with substantial heterogeneity, about a third of the authors had not paid any attention to it. This omission was quite uniform over the spectrum of I 2 values, and it ...

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Cross-sectional HIV Incidence Estimation Accounting for Heterogeneity Across Communities

Cross-sectional HIV Incidence Estimation Accounting for Heterogeneity Across Communities

... follow-up. Cross-sectional approaches based on the usual HIV diagnostic test and biomarkers of recent infection offer important advantages over standard cohort approaches, in terms of time, cost, and ...

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Basel II Capital Requirements, Firms' Heterogeneity, and the Business Cycle

Basel II Capital Requirements, Firms' Heterogeneity, and the Business Cycle

... 81 No Capital Req.. 10 No Capital Req.[r] ...

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Real Wages and the Business Cycle: Accounting for Worker and Firm Heterogeneity

Real Wages and the Business Cycle: Accounting for Worker and Firm Heterogeneity

... unobserved heterogeneity using a …rst-di¤erences ap- proach, most empirical studies on real wage cyclicality tend to restrict the sample to workers employed for two consecutive ...

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Real Wages and the Business Cycle: Accounting for Worker and Firm Heterogeneity

Real Wages and the Business Cycle: Accounting for Worker and Firm Heterogeneity

... The cyclical behavior of real wages has been the subject of many studies since the debate of Keynes (1939), Dunlop (1938), and Tarshis (1939). Earlier studies based on aggregate data showed some ambiguous results. In ...

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Divorce and the Business cycle: A cross country analysis

Divorce and the Business cycle: A cross country analysis

... some heterogeneity across Europe with respect to the severity of the crisis, most European countries have had quite low GDP growth rates since 2008; these rates were even negative in some ...the business ...

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Panel Unit Root Tests in the Presence of Cross-Sectional Dependency and Heterogeneity 1

Panel Unit Root Tests in the Presence of Cross-Sectional Dependency and Heterogeneity 1

... across cross-sectional units. We allow not only for the cross-sectional dependencies of innovations, but also for the presence of cointegration across cross- sectional ...and ...

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The Life-Cycle and the Business-Cycle of Wage Risk: A Cross-Country Comparison

The Life-Cycle and the Business-Cycle of Wage Risk: A Cross-Country Comparison

... the cross-sectional dispersion of wage-innovations instead of innovations to ...a cross-country perspective on the cyclicality of the dispersion of wage-innovations, com- paring the US, the UK, and ...

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Productivity and job flows: Heterogeneity of new hires and continuing jobs in the business cycle

Productivity and job flows: Heterogeneity of new hires and continuing jobs in the business cycle

... match heterogeneity, 21 and overemphasized the role of wage rigidity as a possible remedy for the difficulty of standard matching models to fit to key moments of the ...of heterogeneity solves a number of ...

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Consumer Heterogeneity and Markups over the Business Cycle: Evidence from the Airline Industry

Consumer Heterogeneity and Markups over the Business Cycle: Evidence from the Airline Industry

... the business cycle with a simple model of monopoly ...the business cycle on prices, in a dynamic sense, will be measured under the setting where the degree of competition is ...

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Use of Social Software in E-Business: A Cross-Sectional, Cross-Country Study

Use of Social Software in E-Business: A Cross-Sectional, Cross-Country Study

... Following the framework for Social Commerce research (Liang and Turban, 2012) the research theme here is the adoption status of the SoS by enterprises from six countries from three geographical regions in the year 2012, ...

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Malaysian finance sector weak-form efficiency: Heterogeneity, structural breaks, and cross-sectional dependence

Malaysian finance sector weak-form efficiency: Heterogeneity, structural breaks, and cross-sectional dependence

... RCECAP 7/1/00 19/9/02 1/6/05 18/2/08 2/12/10 Source: Authors’ estimation. 5. Summary and conclusion This paper has examined the weak-form EMH using a sam- ple of 28 finance stocks from the Finance Sector in Malaysian ...

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Spatial heterogeneity of malaria in Ghana: a cross sectional study on the association between urbanicity and the acquisition of immunity

Spatial heterogeneity of malaria in Ghana: a cross sectional study on the association between urbanicity and the acquisition of immunity

... The results demonstrate the feasibility of hospital- based studies to analyse crude associations in the micro-epidemiology of malaria and acquired immunity. However, further studies including clinical data on dis- ease ...

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Convergence in TFP among Italian Regions - Panel Unit Roots with Heterogeneity and Cross Sectional Dependence

Convergence in TFP among Italian Regions - Panel Unit Roots with Heterogeneity and Cross Sectional Dependence

... In this paper we are particularly interested in the issue of heterogene- ity because differences in the economic structure across Italian regions are sizeable and this can have relevant implications for empirical ...

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Financial Fragility, Heterogeneous Firms and the Cross Section of the Business Cycle.

Financial Fragility, Heterogeneous Firms and the Cross Section of the Business Cycle.

... the cross sectional features that have been detected recently in the literature using longitudinal data on firms in the US, UK, Germany and ...the business cycle, in our simulation model we ...

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Cross Border Business Cycle Impacts on Commercial Electricity Demand

Cross Border Business Cycle Impacts on Commercial Electricity Demand

... of cross- border business cycle fluctuations on commercial electricity sales, however, requires a more elaborate modeling strategy that allows for the incorporation of input variables to the basic ...

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