Paul M. Romer. Working Paper 3173. DOI 10.3386/w3173. Issue Date November 1989. This paper outlines a theoretical framework for thinking about the role of human capital in a model of endogenous growth. The framework pays particular attention to two questions: What are the theoretical differences between intangibles like education and experience ...
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Time Series Modelling 1. Plot the time series. Look for trends, seasonal components, step changes, outliers. 2. Transform data so that residuals are stationary. (a) Estimate and subtract Tt,St. (b) Differencing. (c) Nonlinear transformations (log, √ …
Product Description. David Romer's Advanced Macroeconomics, 4e, continues its tradition as the standard text and the starting point for graduate macroeconomic courses and helps lay the groundwork for students to begin doing research in macroeconomics and monetary economics. Formal models are used to present and analyze key ideas and issues.
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consistent series, I regressed the FRB index on the Miron-Romer index in a period of overlap (1923-1928) and then used the estimated relationship to filter the pre-1919 Miron-Romer series.4 For GNP I also used a regression procedure to produce a more accurate historical extension to the Commerce Department series (Romer, 1989). The key
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Department of Chemical Engineering Indian Institute of Technology Madras, Chennai-600036. 044-2257-4150/ 4152/ 5155 [email protected]
Abstract. Mathiness lets academic politics masquerade as science. Like mathematical theory, mathiness uses a mixture of words and symbols, but instead of making tight links, it leaves ample room for slippage between statements in the languages of words as opposed to symbols, and between statements with theoretical as opposed to empirical content.
Synthesis of improvements in the IITM-ESMv2. While the transition from ESMv1 to ESMv2 is an outcome of several modifications in the climate model, it is essential to comprehend the processes that contributed to two major improvements viz, (a) Impressive reduction of global average radiative imbalance at the TOA from 6 to 0.8 W m −2 and (b) …
Three annual "raw" data series underlie the annual series used in this paper. We create the first two, which are real GNP series, by splic-ing the 1869-1929 real GNP series of Nathan S. Balke and Robert J. Gordon (1989) or Christina D. Romer (1989) to the 1929-1993 real GNP series reported in table 1.10 of the National Income and Product ...