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A Note On The Size Distribution Of Consumption
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Book Synopsis A Note on the Size Distribution of Consumption by : Alexis Akira Toda
Download or read book A Note on the Size Distribution of Consumption written by Alexis Akira Toda and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The cross-sectional distribution of consumption is commonly approximated by the lognormal distribution. This note shows that consumption is better described by the double Pareto-lognormal distribution (dPlN), which has a lognormal body with two Pareto tails and arises as the stationary distribution in recently proposed dynamic general equilibrium models. dPlN outperforms other parametric distributions and is often not rejected by goodness-of-fit tests. The analytical tractability and parsimony of dPlN may be convenient for various economic applications.
Book Synopsis An Analysis of Economic Size Distributions by : B. Näslund
Download or read book An Analysis of Economic Size Distributions written by B. Näslund and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt: The basic idea behind this book is that in a market economy there is endless variety, people die and are born, new products and processes emerge and old ones disappear etc. Some firms grow others decline. Some people get high salaries others get unemployed. Opportunities, disasters and capabilities are to a large extent random. An economy has a certain amount of resources to divide among its members. These resources may vary over time but the rate of change is fairly small. The number of persons in society may also vary but the rate of change is limited. For a society such as the one described above I was interested in deriving equilibrium distributions of various kinds and make some tests of the distributions found against data for different countries. I have studied the following types of distributions a) Income distribution b) Functional distribution of income c) Size distributions of firms. Since the above mentioned distributions are related; another main purpose of the book has been to develop a similar method for the analysis of all three distributions in order to simplify the understanding of their relations.
Book Synopsis The Distribution of Wealth by : John Bates Clark
Download or read book The Distribution of Wealth written by John Bates Clark and published by . This book was released on 1899 with total page 490 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Income Distribution in Macroeconomic Models by : Giuseppe Bertola
Download or read book Income Distribution in Macroeconomic Models written by Giuseppe Bertola and published by Princeton University Press. This book was released on 2014-09-28 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book looks at the distribution of income and wealth and the effects that this has on the macroeconomy, and vice versa. Is a more equal distribution of income beneficial or harmful for macroeconomic growth, and how does the distribution of wealth evolve in a market economy? Taking stock of results and methods developed in the context of the 1990s revival of growth theory, the authors focus on capital accumulation and long-run growth. They show how rigorous, optimization-based technical tools can be applied, beyond the representative-agent framework of analysis, to account for realistic market imperfections and for political-economic interactions. The treatment is thorough, yet accessible to students and nonspecialist economists, and it offers specialist readers a wide-ranging and innovative treatment of an increasingly important research field. The book follows a single analytical thread through a series of different growth models, allowing readers to appreciate their structure and crucial assumptions. This is particularly useful at a time when the literature on income distribution and growth has developed quickly and in several different directions, becoming difficult to overview.
Download or read book Conservation Paper written by and published by . This book was released on 1975 with total page 746 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Proceedings of the FEA-PCA Seminar on Energy Management in the Cement Industry by :
Download or read book Proceedings of the FEA-PCA Seminar on Energy Management in the Cement Industry written by and published by . This book was released on 1976 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Demand Composition and Income Distribution by : David Pothier
Download or read book Demand Composition and Income Distribution written by David Pothier and published by International Monetary Fund. This book was released on 2014-12-15 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper highlights how changes in the composition of demand affect income dispersion in the short run. We first document how the share of aggregate spending dedicated to labour-intensive goods and services shrinks (expands) during downturns (booms), and argue that this contributes to the observed pro-cyclicality of employment and output in labour-intensive industries. Using a two-sector general equilibrium model, we then assess how this demand composition channel influences the cyclical properties of the income distribution. Consistent with empirical evidence, we find income inequality to be countercyclical due to changes in the level of employment and (to a lesser extent) relative factor prices. The model also shows that wealth redistribution policies can potentially involve a trade-off between equality and output, depending on how they affect the composition of aggregate demand.
Book Synopsis Bulletin of the Oxford University Institute of Economics & Statistics by : University of Oxford. Institute of Economics and Statistics
Download or read book Bulletin of the Oxford University Institute of Economics & Statistics written by University of Oxford. Institute of Economics and Statistics and published by . This book was released on 1968 with total page 378 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Size Distribution of Manufacturing Plants and Development by : Siddharth Kothari
Download or read book The Size Distribution of Manufacturing Plants and Development written by Siddharth Kothari and published by International Monetary Fund. This book was released on 2014-12-22 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: The typical size distribution of manufacturing plants in developing countries has a thick left tail compared to developed countries. The same holds across Indian states, with richer states having a much smaller share of their manufacturing employment in small plants. In this paper, I explore the hypothesis that this income-size relation arises from the fact that low income countries and states have high demand for low quality products which can be produced efficiently in small plants. I provide evidence which is consistent with this hypothesis from both the consumer and producer side. In particular, I show empirically that richer households buy higher price goods while larger plants produce higher price products (and use higher price inputs). I develop a model which matches these cross-sectional facts. The model features non-homothetic preferences with respect to quality on the consumer side. On the producer side, high quality production has higher marginal costs and requires higher fixed costs. These two features imply that high quality producers are larger on average and charge higher prices. The model can explain about forty percent of the cross-state variation in the left tail of manufacturing plants in India.
Book Synopsis Heterogeneity and Persistence in Returns to Wealth by : Andreas Fagereng
Download or read book Heterogeneity and Persistence in Returns to Wealth written by Andreas Fagereng and published by International Monetary Fund. This book was released on 2018-07-27 with total page 69 pages. Available in PDF, EPUB and Kindle. Book excerpt: We provide a systematic analysis of the properties of individual returns to wealth using twelve years of population data from Norway’s administrative tax records. We document a number of novel results. First, during our sample period individuals earn markedly different average returns on their financial assets (a standard deviation of 14%) and on their net worth (a standard deviation of 8%). Second, heterogeneity in returns does not arise merely from differences in the allocation of wealth between safe and risky assets: returns are heterogeneous even within asset classes. Third, returns are positively correlated with wealth: moving from the 10th to the 90th percentile of the financial wealth distribution increases the return by 3 percentage points - and by 17 percentage points when the same exercise is performed for the return to net worth. Fourth, wealth returns exhibit substantial persistence over time. We argue that while this persistence partly reflects stable differences in risk exposure and assets scale, it also reflects persistent heterogeneity in sophistication and financial information, as well as entrepreneurial talent. Finally, wealth returns are (mildly) correlated across generations. We discuss the implications of these findings for several strands of the wealth inequality debate.
Book Synopsis The Distribution of Wealth – Growing Inequality? by : Michael Schneider
Download or read book The Distribution of Wealth – Growing Inequality? written by Michael Schneider and published by Edward Elgar Publishing. This book was released on 2016-11-25 with total page 229 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book answers a number of important questions about the distribution of wealth among people and the way that this distribution has changed over time. It provides a comprehensive analysis of the personal distribution of wealth from many dimensions: economic, statistical, ethical, political, sociological and legal. Using data from 21 countries, this book demonstrates how inequality in the distribution of wealth varies between different parts of the world and how it evolves, with particular emphasis on the claim that there has been a long-term and continued increase in inequality since the 1970s in most countries. It discusses alternative ways of measuring the degree of inequality, analyses Thomas Piketty's claim that society has become more unequal in recent decades, and assesses the relative importance of the various determinants of the distribution of wealth. The authors explain why the distribution of wealth is unequal, and discuss how it could be changed with alternative policies and the possible consequences of these policies for economic efficiency. The authors also compare the different distributions of wealth that are implied by alternative views of society. This is a valuable resource for students and academics in economics, political science and sociology seeking a state-of-the-art account of the theory and evidence surrounding inequality in the distribution of wealth.
Book Synopsis Notes on Hydrologic Activities by : United States. Inter-agency Committee on Water Resources
Download or read book Notes on Hydrologic Activities written by United States. Inter-agency Committee on Water Resources and published by . This book was released on 1954 with total page 712 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Towards A Unified Soil Mechanics Theory: The Use of Effective Stresses in Unsaturated Soils, Revised Edition by : Eduardo Rojas
Download or read book Towards A Unified Soil Mechanics Theory: The Use of Effective Stresses in Unsaturated Soils, Revised Edition written by Eduardo Rojas and published by Bentham Science Publishers. This book was released on 2018-08-08 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the application of the effective stress concept, the strength and volumetric behavior of saturated materials was clearly understood. For the case of unsaturated materials, a universally accepted effective stresses equation is still under debate. However, the use of the effective stress concept to develop constitutive models for unsaturated soils is becoming increasingly popular not only because the hydro-mechanical coupling observed in these materials is implicit in the formulation but also because simpler and more precise models can be established. Towards A Unified Soil Mechanics Theory demonstrates that the same strength and volume change equations used in saturated soil mechanics can be used for the case of unsaturated soils. In other words, the constitutive models developed for saturated soils can be used for unsaturated materials once the effective stress equation has been defined. In this book, an analytical equation for the effective stress for unsaturated soils is established. This equation requires the knowledge of the superficial area of solids affected by the capillary phenomenon. In other words, we need to know how water distributes in the pores of the soil. This distribution can be modeled using a solid-porous model built on a regular network. However, the size of the network required to correctly simulate the structure of a small soil sample cannot be managed with a common PC. For that reason, a probabilistic porous-solid model is developed. This model uses the pore size distribution in the form of a probabilistic function which in addition to the Laplace equation and the principle of continuity can be expressed as the probability of a pore of certain size to be filled or dry at suction during a wetting or drying path, respectively. In this way, the soil-water retention curves can be simulated and the effective stress at any suction during wetting or drying processes can be determined. Based on this approach, it is shown that unsaturated soils behave under the same principles for strength and volumetric behavior as saturated soils. This revised edition brings additional information about an elastoplastic framework for expansive soils, hydro-mechanical coupling and a fully coupled model. The additional chapters also cover the experimental parameters used to derive the models. An updated set of references and a list of abbreviations is also included in this edition. Towards A Unified Soil Mechanics Theory paves the way for a universal theory of soil mechanics. The volume will be a valuable reference to civil engineers, earth scientists and hydrologists interested in soil mechanics at both academic and professional levels.
Book Synopsis Mineral Processing on the Verge of the 21st Century by : C. Hicyilmaz
Download or read book Mineral Processing on the Verge of the 21st Century written by C. Hicyilmaz and published by Routledge. This book was released on 2017-10-06 with total page 772 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection of papers covers many topics in the area of mineral processing, such as: physical enrichment processing; fine particle processing; flotation fundamentals and technology; industrial minerals processing; and waste treatment and utilization.
Book Synopsis Income Distribution in the United States by Size, 1944-1950 by : United States. Office of Business Economics
Download or read book Income Distribution in the United States by Size, 1944-1950 written by United States. Office of Business Economics and published by . This book was released on 1953 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Macroeconomics and Development by : Mario Damill
Download or read book Macroeconomics and Development written by Mario Damill and published by Columbia University Press. This book was released on 2016-03-15 with total page 405 pages. Available in PDF, EPUB and Kindle. Book excerpt: Latin American neo-structuralism is a cutting-edge, regionally focused economic theory with broad implications for macroeconomics and development economics. Roberto Frenkel has spent five decades developing the theory's core arguments and expanding their application throughout the discipline, revolutionizing our understanding of high inflation and hyperinflation, disinflation programs, and the behavior of foreign exchange markets as well as financial and currency crises in emerging economies. The essays in this collection assess Latin American neo-structuralism's theoretical contributions and viability as the world's economies evolve. The authors discuss Frenkel's work in relation to pricing decisions, inflation and stabilization policy, development and income distribution in Latin America, and macroeconomic policy for economic growth. An entire section focuses on finance and crisis, and the volume concludes with a neo-structuralist analysis of general aspects of economic development. For those seeking a comprehensive introduction to contemporary Latin American economic thought, this collection not only explicates the intricate work of one of its greatest practitioners but also demonstrates its impact on the growth of economics.
Book Synopsis Towards a Unified Soil Mechanics Theory: The Use of Effective Stresses in Unsaturated Soils (Third Edition) by : Eduardo Rojas
Download or read book Towards a Unified Soil Mechanics Theory: The Use of Effective Stresses in Unsaturated Soils (Third Edition) written by Eduardo Rojas and published by Bentham Science Publishers. This book was released on 2022-10-11 with total page 374 pages. Available in PDF, EPUB and Kindle. Book excerpt: Towards A Unified Soil Mechanics Theory demonstrates mathematical models for saturated and unsaturated soils by defining the effective stress equation. Chapters present hydraulic models that simulate water distribution in pores. Parameters from these models are then used to demonstrate the use of an effective stress equation to understand the mechanics of soils that have different material constitutions. Key Features: -Sequentially explains soil modeling techniques for easy understanding -Demonstrates the use of an effective stress equation based on data from porous-solid models. -Explains how porous-solid models can simulate the soilwater retention curves of materials. -Establishes an elastoplastic framework for the volumetric behavior of unsaturated soils that is used to simulate the phenomenon of collapse upon wetting and the behavior of expansive soils. -Explains the practical application of fully a coupled hydro-mechanical (critical state) soil model -Includes scientific references for further reading The third edition includes additional information on retention curves in deforming curves, the application of a coupled hydro-mechanical model simulating undrained tests and the behavior of soils during static compaction, and the use of a porous-solid model to develop a fully analytical equation for the relative hydraulic conductivity of soils. The new chapters also cover the experimental parameters used to derive the models. This edition also updates material from previous editions, and adds new scientific references. Towards A Unified Soil Mechanics Theory paves the way for a universal theory of soil mechanics that has a wide range of applications. The book is a valuable reference to civil engineers, geotechnical engineers, earth scientists and hydrologists interested in soil mechanics at both academic and professional levels.
