Matches in SemOpenAlex for { <https://semopenalex.org/work/W3206752847> ?p ?o ?g. }
Showing items 1 to 91 of
91
with 100 items per page.
- W3206752847 endingPage "21" @default.
- W3206752847 startingPage "1" @default.
- W3206752847 abstract "Abstract Based on a multisector general equilibrium framework, we show that the sectoral elasticity of substitution plays the key role in the evolution of asymmetric tails of macroeconomic fluctuations and the establishment of robustness against productivity shocks. A non-unitary elasticity of substitution renders a nonlinear Domar aggregation, where normal sectoral productivity shocks translate into non-normal aggregated shocks with variable expected output growth. We empirically estimate 100 sectoral elasticities of substitution, using the time-series linked input-output tables for Japan and find that the production economy is elastic overall, relative to a Cobb-Douglas economy with unitary elasticity. In addition to the previous assessment of an inelastic production economy for the USA, the contrasting tail asymmetry of the distribution of aggregated shocks between the USA and Japan is explained. Moreover, the robustness of an economy is assessed by expected output growth, the level of which is led by the sectoral elasticities of substitution under zero-mean productivity shocks." @default.
- W3206752847 created "2021-10-25" @default.
- W3206752847 creator A5023722445 @default.
- W3206752847 creator A5090245925 @default.
- W3206752847 date "2023-04-27" @default.
- W3206752847 modified "2023-09-26" @default.
- W3206752847 title "The elastic origins of tail asymmetry" @default.
- W3206752847 cites W1968307896 @default.
- W3206752847 cites W2014299338 @default.
- W3206752847 cites W2052489773 @default.
- W3206752847 cites W2064726100 @default.
- W3206752847 cites W2067557707 @default.
- W3206752847 cites W2072985749 @default.
- W3206752847 cites W2234494531 @default.
- W3206752847 cites W2318989000 @default.
- W3206752847 cites W2749859120 @default.
- W3206752847 cites W2781190208 @default.
- W3206752847 cites W2964403649 @default.
- W3206752847 cites W3112933685 @default.
- W3206752847 cites W3122607662 @default.
- W3206752847 cites W3122712872 @default.
- W3206752847 cites W3123299105 @default.
- W3206752847 cites W3123743223 @default.
- W3206752847 cites W3124656445 @default.
- W3206752847 cites W3125796648 @default.
- W3206752847 cites W3125986346 @default.
- W3206752847 doi "https://doi.org/10.1017/s1365100523000172" @default.
- W3206752847 hasPublicationYear "2023" @default.
- W3206752847 type Work @default.
- W3206752847 sameAs 3206752847 @default.
- W3206752847 citedByCount "0" @default.
- W3206752847 crossrefType "journal-article" @default.
- W3206752847 hasAuthorship W3206752847A5023722445 @default.
- W3206752847 hasAuthorship W3206752847A5090245925 @default.
- W3206752847 hasConcept C104317684 @default.
- W3206752847 hasConcept C121332964 @default.
- W3206752847 hasConcept C121854251 @default.
- W3206752847 hasConcept C139719470 @default.
- W3206752847 hasConcept C149782125 @default.
- W3206752847 hasConcept C162324750 @default.
- W3206752847 hasConcept C175444787 @default.
- W3206752847 hasConcept C17744445 @default.
- W3206752847 hasConcept C185592680 @default.
- W3206752847 hasConcept C199539241 @default.
- W3206752847 hasConcept C204983608 @default.
- W3206752847 hasConcept C2778348673 @default.
- W3206752847 hasConcept C38976095 @default.
- W3206752847 hasConcept C55493867 @default.
- W3206752847 hasConcept C62520636 @default.
- W3206752847 hasConcept C63479239 @default.
- W3206752847 hasConcept C67820243 @default.
- W3206752847 hasConcept C97355855 @default.
- W3206752847 hasConcept C97684219 @default.
- W3206752847 hasConceptScore W3206752847C104317684 @default.
- W3206752847 hasConceptScore W3206752847C121332964 @default.
- W3206752847 hasConceptScore W3206752847C121854251 @default.
- W3206752847 hasConceptScore W3206752847C139719470 @default.
- W3206752847 hasConceptScore W3206752847C149782125 @default.
- W3206752847 hasConceptScore W3206752847C162324750 @default.
- W3206752847 hasConceptScore W3206752847C175444787 @default.
- W3206752847 hasConceptScore W3206752847C17744445 @default.
- W3206752847 hasConceptScore W3206752847C185592680 @default.
- W3206752847 hasConceptScore W3206752847C199539241 @default.
- W3206752847 hasConceptScore W3206752847C204983608 @default.
- W3206752847 hasConceptScore W3206752847C2778348673 @default.
- W3206752847 hasConceptScore W3206752847C38976095 @default.
- W3206752847 hasConceptScore W3206752847C55493867 @default.
- W3206752847 hasConceptScore W3206752847C62520636 @default.
- W3206752847 hasConceptScore W3206752847C63479239 @default.
- W3206752847 hasConceptScore W3206752847C67820243 @default.
- W3206752847 hasConceptScore W3206752847C97355855 @default.
- W3206752847 hasConceptScore W3206752847C97684219 @default.
- W3206752847 hasLocation W32067528471 @default.
- W3206752847 hasOpenAccess W3206752847 @default.
- W3206752847 hasPrimaryLocation W32067528471 @default.
- W3206752847 hasRelatedWork W1518743719 @default.
- W3206752847 hasRelatedWork W2073882940 @default.
- W3206752847 hasRelatedWork W2134765466 @default.
- W3206752847 hasRelatedWork W2172157963 @default.
- W3206752847 hasRelatedWork W2266758066 @default.
- W3206752847 hasRelatedWork W2958037479 @default.
- W3206752847 hasRelatedWork W3121245844 @default.
- W3206752847 hasRelatedWork W3122079494 @default.
- W3206752847 hasRelatedWork W3123138507 @default.
- W3206752847 hasRelatedWork W3125217456 @default.
- W3206752847 isParatext "false" @default.
- W3206752847 isRetracted "false" @default.
- W3206752847 magId "3206752847" @default.
- W3206752847 workType "article" @default.