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Social and Behavioral Sciences Commons™
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Articles 1 - 2 of 2
Full-Text Articles in Social and Behavioral Sciences
Technology And The Global Economy, Jonathan Eaton, Samuel Kortum
Technology And The Global Economy, Jonathan Eaton, Samuel Kortum
Cowles Foundation Discussion Papers
Interpreting individual heterogeneity in terms of probability theory has proved powerful in connecting behaviour at the individual and aggregate levels. Returning to Ricardo's focus on comparative efficiency as a basis for international trade, much recent quantitative equilibrium modeling of the global economy builds on particular probabilistic assumptions about technology. We review these assumptions and how they deliver a unified framework underlying a wide range of static and dynamic equilibrium models.
Unit Roots In Life — A Graduate Student Story, Peter C.B. Phillips
Unit Roots In Life — A Graduate Student Story, Peter C.B. Phillips
Cowles Foundation Discussion Papers
This is a graduate student story. It mixes personal reflections with recollections of the extraordinary New Zealanders who shaped my thinking as a graduate student and beginning researcher — people who have had an enduring impact on my work and career as an econometrician. The story traces out these human initial conditions and unit roots that figure in my early life of teaching and research.