Pub Date : 2000-06-01DOI: 10.1016/S0167-2231(00)00025-7
Antonio Ciccone
{"title":"Business cycles and investment in human capital: international evidence on higher education","authors":"Antonio Ciccone","doi":"10.1016/S0167-2231(00)00025-7","DOIUrl":"https://doi.org/10.1016/S0167-2231(00)00025-7","url":null,"abstract":"","PeriodicalId":100218,"journal":{"name":"Carnegie-Rochester Conference Series on Public Policy","volume":"52 ","pages":"Pages 257-262"},"PeriodicalIF":0.0,"publicationDate":"2000-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/S0167-2231(00)00025-7","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91725391","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2000-06-01DOI: 10.1016/S0167-2231(00)00019-1
Gadi Barlevy
{"title":"Job destruction and the experiences of displaced workers","authors":"Gadi Barlevy","doi":"10.1016/S0167-2231(00)00019-1","DOIUrl":"https://doi.org/10.1016/S0167-2231(00)00019-1","url":null,"abstract":"","PeriodicalId":100218,"journal":{"name":"Carnegie-Rochester Conference Series on Public Policy","volume":"52 ","pages":"Pages 129-136"},"PeriodicalIF":0.0,"publicationDate":"2000-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/S0167-2231(00)00019-1","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91725390","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2000-06-01DOI: 10.1016/S0167-2231(00)00023-3
James A. Kahn
{"title":"An empirical model of inventory investment by durable commodity intermediaries: A comment","authors":"James A. Kahn","doi":"10.1016/S0167-2231(00)00023-3","DOIUrl":"https://doi.org/10.1016/S0167-2231(00)00023-3","url":null,"abstract":"","PeriodicalId":100218,"journal":{"name":"Carnegie-Rochester Conference Series on Public Policy","volume":"1 1","pages":"215-220"},"PeriodicalIF":0.0,"publicationDate":"2000-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89889107","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2000-06-01DOI: 10.1016/S0167-2231(00)00025-7
A. Ciccone
{"title":"Business cycles and investment in human capital: international evidence on higher education: A comment","authors":"A. Ciccone","doi":"10.1016/S0167-2231(00)00025-7","DOIUrl":"https://doi.org/10.1016/S0167-2231(00)00025-7","url":null,"abstract":"","PeriodicalId":100218,"journal":{"name":"Carnegie-Rochester Conference Series on Public Policy","volume":"79 1","pages":"257-262"},"PeriodicalIF":0.0,"publicationDate":"2000-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"72609204","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2000-06-01DOI: 10.1016/S0167-2231(00)00024-5
Plutarchos Sakellaris, Antonio Spilimbergo
We study the effect of economic fluctuations on investment in higher education for a wide range of countries. Our main focus is on foreign students who come to the United States to attend universities. There is a strong relation between enrollment and the business cycle in the sending country. The cyclical pattern of enrollment is sharply different for two groups of countries. For OECD countries enrollment is countercyclical, whereas for non-OECD countries it is procyclical. At business cycle frequencies, opportunity cost plays a dominant role in explaining enrollment from OECD countries, whereas ability to pay and credit constraints seem more prevalent at non-OECD countries. The results are confirmed using data on domestic enrollment from national sources.
{"title":"Business cycles and investment in human capital: international evidence on higher education","authors":"Plutarchos Sakellaris, Antonio Spilimbergo","doi":"10.1016/S0167-2231(00)00024-5","DOIUrl":"https://doi.org/10.1016/S0167-2231(00)00024-5","url":null,"abstract":"<div><p>We study the effect of economic fluctuations on investment in higher education for a wide range of countries. Our main focus is on foreign students who come to the United States to attend universities. There is a strong relation between enrollment and the business cycle in the sending country. The cyclical pattern of enrollment is sharply different for two groups of countries. For OECD countries enrollment is countercyclical, whereas for non-OECD countries it is procyclical. At business cycle frequencies, opportunity cost plays a dominant role in explaining enrollment from OECD countries, whereas ability to pay and credit constraints seem more prevalent at non-OECD countries. The results are confirmed using data on domestic enrollment from national sources.</p></div>","PeriodicalId":100218,"journal":{"name":"Carnegie-Rochester Conference Series on Public Policy","volume":"52 ","pages":"Pages 221-256"},"PeriodicalIF":0.0,"publicationDate":"2000-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/S0167-2231(00)00024-5","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90014869","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2000-06-01DOI: 10.1016/S0167-2231(00)00022-1
G. Hall, John Rust
{"title":"An empirical model of inventory investment by durable commodity intermediaries","authors":"G. Hall, John Rust","doi":"10.1016/S0167-2231(00)00022-1","DOIUrl":"https://doi.org/10.1016/S0167-2231(00)00022-1","url":null,"abstract":"","PeriodicalId":100218,"journal":{"name":"Carnegie-Rochester Conference Series on Public Policy","volume":"83 1","pages":"171-214"},"PeriodicalIF":0.0,"publicationDate":"2000-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79323980","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2000-06-01DOI: 10.1016/S0167-2231(00)00023-3
James A. Kahn
{"title":"An empirical model of inventory investment by durable commodity intermediaries","authors":"James A. Kahn","doi":"10.1016/S0167-2231(00)00023-3","DOIUrl":"https://doi.org/10.1016/S0167-2231(00)00023-3","url":null,"abstract":"","PeriodicalId":100218,"journal":{"name":"Carnegie-Rochester Conference Series on Public Policy","volume":"52 ","pages":"Pages 215-220"},"PeriodicalIF":0.0,"publicationDate":"2000-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/S0167-2231(00)00023-3","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90014868","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2000-06-01DOI: 10.1016/S0167-2231(00)00020-8
M. Yorukoglu
{"title":"Product vs. process innovations and economic fluctuations","authors":"M. Yorukoglu","doi":"10.1016/S0167-2231(00)00020-8","DOIUrl":"https://doi.org/10.1016/S0167-2231(00)00020-8","url":null,"abstract":"","PeriodicalId":100218,"journal":{"name":"Carnegie-Rochester Conference Series on Public Policy","volume":"38 1","pages":"137-163"},"PeriodicalIF":0.0,"publicationDate":"2000-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86056733","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2000-06-01DOI: 10.1016/S0167-2231(00)00016-6
Mark Bils , Yongsung Chang
The importance of sticky prices in business-cycle fluctuations has been debated for many years. But we argue, based on a large empirical literature from the 1950s and 60s, that it is necessary to distinguish the response of price to an increase in factor prices from its response to an increase in marginal cost generated by an expansion in production. Consistent with that earlier literature, we find for 450 U.S. manufacturing industries that prices do respond more to increases in costs driven by changes in factor prices than to increases in marginal cost precipitated by expansions in output. We explore two models that can potentially explain these findings. Both break the link between price and marginal cost, thereby generating what one might naively interpret as average-cost pricing. The first is driven by firms pricing to limit entry. The second is driven by firms pricing to limit non-price competition within their market.
{"title":"Understanding how price responds to costs and production","authors":"Mark Bils , Yongsung Chang","doi":"10.1016/S0167-2231(00)00016-6","DOIUrl":"https://doi.org/10.1016/S0167-2231(00)00016-6","url":null,"abstract":"<div><p>The importance of sticky prices in business-cycle fluctuations has been debated for many years. But we argue, based on a large empirical literature from the 1950s and 60s, that it is necessary to distinguish the response of price to an increase in factor prices from its response to an increase in marginal cost generated by an expansion in production. Consistent with that earlier literature, we find for 450 U.S. manufacturing industries that prices do respond more to increases in costs driven by changes in factor prices than to increases in marginal cost precipitated by expansions in output. We explore two models that can potentially explain these findings. Both break the link between price and marginal cost, thereby generating what one might naively interpret as average-cost pricing. The first is driven by firms pricing to limit entry. The second is driven by firms pricing to limit non-price competition within their market.</p></div>","PeriodicalId":100218,"journal":{"name":"Carnegie-Rochester Conference Series on Public Policy","volume":"52 ","pages":"Pages 33-77"},"PeriodicalIF":0.0,"publicationDate":"2000-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/S0167-2231(00)00016-6","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"137227616","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2000-06-01DOI: 10.1016/S0167-2231(00)00017-8
Susanto Basu
{"title":"Understanding how price responds to costs and production","authors":"Susanto Basu","doi":"10.1016/S0167-2231(00)00017-8","DOIUrl":"10.1016/S0167-2231(00)00017-8","url":null,"abstract":"","PeriodicalId":100218,"journal":{"name":"Carnegie-Rochester Conference Series on Public Policy","volume":"52 ","pages":"Pages 79-85"},"PeriodicalIF":0.0,"publicationDate":"2000-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/S0167-2231(00)00017-8","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88381027","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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