Some quality podcast related to Economics.
As a major presentation is coming, here are some BIG tips in giving presentations that I’ve learned. (the famous BIG 5)
To answer how a CES production function becomes Cobb-Douglas or Leontief.
Aiming for the very top journals is what everybody does, but doing so may cost a lot of time and opportunities. On the other hand, you also don’t want to sell short your hard-working papers. A graduate student should consider submitting papers only to the journals listed in these rankings.
In part 2, we deal with the continous-time version. First, we take a look at the Lagrangian method and then apply the insights to formulate a Hamiltonian solution.
This note compiles some essential techniques in solving the Ramsey model. At the moment, only solutions for households are included. I will consider more extensions at a later time. For economic intuitive intepretations, see the free book Campante, Filipe, Sturzenegger, Federico and Velasco, Andrés (2021) Advanced macroeconomics: an easy guide. LSE Press, London, UK. ISBN 9781909890688.
In this neoclassical growth model, we assume there is one representative household maximizing her utility function at each point in time with forward-looking ability. She cares about future consumption with some discount weights. Her life-time utility function can be represented as follows. In the discrete-time version, one can use inter-temporal Lagrangian or Bellman’s dynamic programming to solve the problem. In the continuous-time version, Lagrangian is also possible and then shorthanded with Hamiltonian. In both cases, the household is assumed to live forever.
I came across a wonderful guide here, which contains very well-written general tips and advice for people who work in the field of economics. I was looking for a sample MATLAB code for solving an Overlapping Generations Model (for studying). Then, the search ended up at Professor Groth’s website. Right in front of your eyes would be a section called “some general advice”. Clicking it could bring you to one of the most insightful collections of advice you may ever have encountered while studying Economics.
Notes for the benchmark model of de la Croix’s endogenous fertility and education model. This post mostly consists of mathematical derivations and important analytical results from De La Croix, D., & Doepke, M. (2003). Inequality and growth: why differential fertility matters. American Economic Review, 93(4), 1091-1113.
Part 2 introduces the process of decomposing APG (aggregate productivity growth), taking Belgium as an example. Here, I tried to be as general and reproducible as possible. For further graphs regarding the decomposition, see here.
Part 1 introduces the theory behind Aggregate Productivity Growth decomposition. This model is vital to know how much technological progress and input reallocation contribute to productivity growth.
We reproduce the main results from Lankisch et al., 2019, which investigates a production with “kind-of” endogenized automation progress. Automation technology directly competes with/substitutes for low-skilled workers.
The short answer is no.