Kern O. Kymn

TL;DR: The authors re-examine the causality between the twin deficits by testing for Granger non-causality between BD and CAD based on extended causality tests initially developed by Toda and Yamamoto (1995).

TL;DR: A comprehensive survey of the development of aggregation theory in relation to aggregation bias and consistency can be found in this article, where the authors summarize studies of various authors who have demonstrated how the trade-offs between the smaller order of aggregation and the infusion of aggregation bias may be minimized with a view toward developing an optimal aggregation system in input output models.

TL;DR: In this paper, the authors present a model for testing the existence of these two separate effects using data from a sample of US electric power companies and find that for these electric utilities there existed increasing returns to scale and technical progress that was energy using but capital-neutral.

TL;DR: In this paper, the authors investigated the impact of energy on productivity and found that the disaggregated energy component was a major influence in explaining the productivity decline in the 1970s and 1980s.

TL;DR: In this article, cost shares and own-land cross-price elasticities of the demand for factors in the production of manufacturing output were estimated for the period from 1954 to 1977.