In this paper, we present an alternative strategy for estimation of DSGE models when data is available at di¤erent time intervals. Our method is based on a data augmentation technique within Bayesian estimation of structural models and allows us to jointly use data at di¤erent frequencies. The bene…ts achieved via this methodology will be twofold, resolution of time aggregation bias and identi…...

It is well-know that estimation by reduced rank regression is given by the solution to a generalized eigenvalue problem. This paper presents a new proof to establish this result and provides additional insight into the structure of the estimation problem. The proof is a direct algebraic proof that some might find more intuitive than existing proofs. JEL Classification: C3, C32

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...

using productivity index for investigating a firms’ performance makes it possible to evaluate efficiency of the production system and cost at the same time. in this study the total factor productivity (tfp) of several sugar cane varieties in imam khomeini cultivation and processing center in khuzestan province is compared. two hundred and forty eight farms are categorized on the basis of variet...

In January 1980, a new liberal economic policy was adopted in Turkey to promote financial market development and increase the efficiency and productivity of the financial sector by fostering competition among banks. As a result of this policy, the Turkish banking system witnessed a series of legal, structural and institutional changes throughout the 1980s. To enhance their competitive viability...

Estimation of Productivity in Korean Electric Power Plants: A Semiparametric Smooth Coefficient Model This paper analyzes the impact of load factor, facility and generator types on the productivity of Korean electric power plants. In order to capture important differences in the effect of load policy on power output, we use a semiparametric smooth coefficient (SPSC) model that allows us to mode...

sub basin prioritization is one of the integrated watershed management and sustainable development strategies. to protect natural resources, through marking zones of potential damage in small areas for is a primary need sustainable development. degradation potential zones project for watershed protection measures is not cost-effective economically. so this is a prerequisite for sub basin priori...

 Based on the recent literature of heterogeneous firms, productive firms self select themselves into foreign markets. In this framework, there is a productivity rise prior to exporting. On the other words, different export performance across firms is linked to their heterogeneity.   The main purpose of the present paper is to examine the so-called hypothesis of heterogeneous firm in Iran. For ...

This paper considers an asset model that generates a monetary equilibrium in which capital, government bonds, and fiat money are held as perfect substitutes. Due to a congestion effect, output per producer is a decreasing function of the aggregate capital stock, and this effect makes a legal restriction on capital accumulation welfare enhancing. The restriction considered is that the money to c...

The paper investigates structural change among the four-digit (SIC) industries of the U.S. manufacturing sector during 1958-96 within a distribution dynamics framework. Focus is on the transition density of the Markov process that characterizes the value added shares of the industries. This transition density is estimated nonparametrically as well as by maximum likelihood, in which case the fun...