An Extension of the Blinder-Oaxaca Decomposition to a Continuum of Comparison Groups This paper proposes an extension of the Blinder-Oaxaca decomposition from two to a continuum of comparison groups. The proposed decomposition is then estimated for the case of racial wage differences in urban Peru, exploiting a novel data set that allows the capturing of mestizaje (racial mixtures). JEL Classif...

This paper suggests a new methodology for evaluating technological change in a multi-sector general equilibrium framework. The double calibration technique was applied to an ex post decomposition analysis of technological change between two periods, enabling a distinction to be made between price-induced and factor-biased technological changes for each sector. The method is applied to an empiri...

In this research injector, cleaner, and camphor were blended with premium motor spirit (PMS). Physicochemical properties effects on performance exhaust emission spark ignition engines investigated. Samples injector cleaner show the best physicochemical as compared to sole petrol samples having a density of 0.72706kg/m2 (I5), flashpoint 47oC by sample (I5, I10, I15,) 48oC I25, 1.7 viscosity, ana...

this study investigates the relationship between market structure and profitability in the iranian manufacturing industries. in this study, raw data based on international standard industrial classification (at four digit code) has been used. fixed effects panel estimation method (based on diagnostic test results) has been chosen for empirical investigation. the result of the study confirms the...

this paper examines the lewis theory of structural change in iran in the period 1974-2005. where labor productivity growth and the intensive use of labor occurs via reallocation of labor between sectors or spillovers in the production from the manufacturing or service sectors to agriculture resulting to convergence. assessing whether productivity gap is reducing or increasing, takes us to the n...

In this paper, I examine the effects of money supply, aggregate spending, and aggregate supply shocks on real US stock prices in a structural vector autoregression framework. Overall, the empirical results indicate that each macro shock has important effects on real stock prices. The real stock price impulse responses to the various macro shocks conform to the standard present-value equity valu...

In this paper different formulae for the decomposition of aggregate productivity levels and changes are applied to a sample of German manufacturing firms that pertain to 11 different industries at a roughly two-digit level observed over the period 1981-1998. Productivity is measured by a nonparametric frontier function approach. The decompositions of productivity allow for an explanation of the...

We analyze the economic consequences for less developed countries of investing in female health. In so doing we introduce a novel micro-founded dynamic general equilibrium framework in which parents trade off the number of children against investments in their education and in which we allow for health-related gender differences in productivity. We show that better female health speeds up the d...

We reevaluate the role of human capital in determining the wealth of nations. We use standard human capital theory to estimate stocks of human capital and allow the quality of human capital to vary across countries. Our model can explain differences in schooling and earnings profiles and, consequently, estimates of Mincerian rates of return across countries. We find that effective human capital...

Fertility Differences between Married and Cohabiting Couples: A Switching Regression Analysis Little is known about why cohabiting couples have fewer children than married couples. We explore the factors that explain the difference in fertility between these two groups using a switching regression analysis, which enables us to quantify the contribution of different factors through a decompositi...