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Harvard Institute of Economic Research

Overview
Works: 1,348 works in 1,667 publications in 1 language and 2,421 library holdings
Genres: Statistics‡vVital  Periodicals 
Classifications: HJ4132, 336.205
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Publications about Harvard Institute of Economic Research
Publications by Harvard Institute of Economic Research
Most widely held works by Harvard Institute of Economic Research
Discussion paper ( serial )
in English and held by 37 libraries worldwide
Growth, economies of scale, and targeting in Japan (1955-1990) by Dick Beason( Book )
2 editions published between 1993 and 1994 in English and held by 13 libraries worldwide
Financial crises in emerging markets : the lessons from 1995 by Jeffrey Sachs( Book )
2 editions published in 1996 in English and held by 10 libraries worldwide
Abstract: In this paper we examine closely the financial events following the Mexican peso devaluation to uncover new lessons about the nature of financial crises. We explore the question of why, during 1995, some emerging markets were hit by financial crises while others were not. To this end, we ask whether there are some fundamentals that help explain the variation in financial crises across countries or whether the variation just reflects contagion. We present a simple model identifying three factors that determine whether a country is more vulnerable to suffer a financial crisis: a high real exchange rate appreciation, a recent lending boom, and low reserves. We find that for a set of 20 emerging markets, differences in these fundamentals go far in explaining why during 1995 some emerging markets were hit by financial crises while others were not. We also find that alternative hypotheses that have been put forth to explain such crises often do not seem to be supported by the data, such as high current account deficits, excessive capital inflows and loose fiscal policies
Public policy implications of declining old age mortality by James M Poterba( Book )
3 editions published in 1985 in English and held by 10 libraries worldwide
The Mexican peso crisis : sudden death or death foretold? by Jeffrey Sachs( Book )
3 editions published in 1996 in English and held by 10 libraries worldwide
We argue that allowing for the possibility of a self-fulfilling panic helps in understanding several features of the recent Mexican crisis. Self-fulfilling expectations became decisive in generating a panic only after the government ran down gross reserves and ran up short-term dollar debt. We present a simple model to explain how and why multiple equilibria can occur for some levels of reserves or debt, but not for others. Lastly, we argue that the imperfect credibility of Mexican exchange rate policy made it advisable to follow more contractionary fiscal and monetary policies in 1994. Our model formalizes the reasons why this is so
On sustainable development by Robert Dorfman( Book )
2 editions published in 1993 in English and held by 9 libraries worldwide
Foreign direct investment and keiretsu : rethinking U.S. and Japanese policy by David E Weinstein( Book )
4 editions published in 1996 in English and held by 8 libraries worldwide
Abstract: This paper focuses on two issues. First, a reexamination of the data on the level of foreign direct investment (FDI) in Japan suggests that foreign firms sell five to six times more in Japan than is commonly believed. Previous studies severely underestimated the stock of FDI in Japan due to poor data. Second, after finding that even after adjusting for various factors the level of FDI in Japan is still low, the paper explores explanations for this phenomenon. A second main conclusion is that government tax and financial policy continues to inhibit foreign takeovers through the promotion of stable shareholding
Price versus quantity : market clearing mechanisms when sellers differ in quality by Andrew Metrick( Book )
1 edition published in 1996 in English and held by 8 libraries worldwide
Abstract: High-quality producers in a vertically differentiated market can reap superior profits by charging higher prices, selling greater quantities, or both. If qualities are known by consumers and production costs are constant, then having a higher quality secures the producer both higher price and higher quantity; if marginal costs are rising, having a higher quality assures only higher price. If only some consumers can discern quality but others cannot, then high- and low-quality producers may set a common price, but the high-quality producer will sell more. In this context, quality begets quantity. Empirical analyses suggest that in both the mutual fund and automobile industries, high-quality producers sell more units than their low-quality competitors, but at no higher price (or markup) per unit
Does economic geography matter for international specialization? by Donald R Davis( Book )
3 editions published between 1996 and 1997 in English and held by 8 libraries worldwide
Abstract: There are two principal theories of why countries trade: comparative advantage and increasing returns to scale. Yet there is no empirical work that assesses the relative importance of these two theories in accounting for production structure and trade. We use a framework that nests an increasing returns model of economic geography featuring home market effects with that of Heckscher-Ohlin-Vanek. We employ these trade models to account for the structure of OECD manufacturing production. The data militate against the economic geography framework. Moreover, even in the specification most generous to economic geography, endowments account for 90 percent of the explainable variance, economic geography but 10 percent
Environmental regulation and U.S. economic growth by Dale W Jorgenson( Book )
1 edition published in 1989 in English and held by 8 libraries worldwide
Hierarchical Bayes models with many instrumental variables by Gary Chamberlain( Book )
2 editions published in 1996 in English and held by 8 libraries worldwide
Abstract: In this paper, we explore Bayesian inference in models with many instrumental variables that are potentially weakly correlated with the endogenous regressor. The prior distribution has a hierarchical (nested) structure. We apply the methods to the Angrist-Krueger (AK, 1991) analysis of returns to schooling using instrumental variables formed by interacting quarter of birth with state/year dummy variables. Bound, Jaeger, and Baker (1995) show that randomly generated instrumental variables, designed to match the AK data set, give two-stage least squares results that look similar to the results based on the actual instrumental variables. Using a hierarchical model with the AK data, we find a posterior distribution for the parameter of interest that is tight and plausible. Using data with randomly generated instruments, the posterior distribution is diffuse. Most of the information in the AK data can in fact be extracted with quarter of birth as the single instrumental variable. Using artificial data patterned on the AK data, we find that if all the information had been in the interactions between quarter of birth and state/year dummies, then the hierarchical model would still have led to precise inferences, whereas the single instrument model would have suggested that there was no information in the data. We conclude that hierarchical modeling is a conceptually straightforward way of efficiently combining many weak instrumental variables
Wage inequality and segregation by skill by Michael Kremer( Book )
1 edition published in 1996 in English and held by 8 libraries worldwide
Abstract: Evidence from the US, Britain, and France suggests that recent growth in wage inequality has been accompanied by greater segregation of high- and low-skill workers into separate firms. A model in which workers of different skill-levels are imperfect substitutes can simultaneously account for these increases in segregation and inequality either through technological change, or, more parsimoniously, through observed changes in the skill-distribution
Why aren't savings rates in Latin America procyclical? by Philip R Lane( Book )
1 edition published in 1998 in English and held by 7 libraries worldwide
Abstract: We document a striking empirical regularity: Latin American savings rates are as a rule substantially less procyclical than for OECD countries and in some cases are actually countercyclical. We build a non-representative agent intertemporal macroeconomic model that rationalizes this phenomenon as the equilibrium outcome of interaction between multiple groups that have common access to aggregate income. We conclude by suggesting that institutional reform may hold the key to improving the cyclical behavior of savings in Latin America
Real wages and relative factor prices in the Third World 1820-1940 : Latin America by Jeffrey G Williamson( Book )
2 editions published in 1998 in English and held by 7 libraries worldwide
The proper scope of government : theory and an application to prisons by Oliver D Hart( Book )
2 editions published in 1996 in English and held by 7 libraries worldwide
When should a government provide a service inhouse and when should it contract out provision? We develop a model in which the provider can invest in improving the quality of service or reducing cost. If contracts are incomplete, the private provider has a stronger incentive to engage in both quality improvement and cost reduction than a government employee. However, the private contractor's incentive to engage in cost reduction is typically too strong because he ignores the adverse effect on non-contractible quality. The model is applied to understanding the costs and benefits of prison privatization
Savings behavior in ten developing countries by Susan Margaret Collins( Book )
2 editions published in 1989 in English and held by 7 libraries worldwide
On the economic analysis of labor market institutions and institutional change by Richard B Freeman( Book )
3 editions published in 1992 in English and held by 7 libraries worldwide
Tax reform and the cost of capital : an international comparison by Dale W Jorgenson( Book )
2 editions published in 1992 in English and held by 7 libraries worldwide
The first of a set of lectures inaugurated by the University of Uppsala and given every two years in honour of the Swedish economist Erik Lindahl. The lectures in this volume survey the new theoretical links between monetary theory and public finance
Retaliatory mechanisms for eliminating trade barriers : aggressive unilateralism vs. GATT cooperation by Kathryn E Spier( Book )
2 editions published in 1993 in English and held by 7 libraries worldwide
Transformational recession : a general phenomenon examined through the example of Hungary's development by János Kornai( Book )
1 edition published in 1993 in English and held by 7 libraries worldwide
 
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Alternative Names
Harvard Institute for Economic Research
Harvard University Cambridge, Mass Institute of Economic Research
Harvard University Institute of Economic Research
HIER
Institute of Economic Research
Institute of Economic Research Cambridge, Mass
Languages
English (44)
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