Journal of Economic and Social Measurement - Volume 33, issue 2-3

Authors: Larrimore, Jeff | Burkhauser, Richard V. | Feng, Shuaizhang | Zayatz, Laura

Article Type: Research Article

Abstract: Using the internal March CPS, we create and in this paper distribute to the larger research community a cell mean series that provides the mean of all income values above the topcode for any income source of any individual in the …public use March CPS that has been topcoded since 1976. We also describe our construction of this series. When we use this series together with the public use March CPS, we closely match the yearly mean income levels and income inequalities of the US population found using the internal March CPS data. Show more

Keywords: Inequality, income, earnings, Current Population Survey, Gini coefficient, topcoding, and cell means

DOI: 10.3233/JEM-2008-0299

Citation: Journal of Economic and Social Measurement, vol. 33, no. 2-3, pp. 89-128, 2008

Authors: Nguyen, Sang V. | Streitwieser, Mary L.

Article Type: Research Article

Abstract: We use micro data for 10,318 plants to estimate elasticities of substitution between energy and capital. We find that energy and capital are substitutes. We also find that estimates of Allen elasticities of substitution – a standard measure of substitution …– are sensitive to varying data sets and levels of aggregation. In contrast, estimates of Morishima elasticities of substitution – which are theoretically superior to the Allen elasticities – are more robust. We conclude that micro data provide more accurate elasticity estimates than those obtained from aggregate data and the Morishima elasticities are the preferred measure of factor substitution. Show more

DOI: 10.3233/JEM-2008-0300

Citation: Journal of Economic and Social Measurement, vol. 33, no. 2-3, pp. 129-153, 2008

Authors: Baker, Jack | Ruan, Xiaomin | Alcantara, Adelamar | Jones, Troy | Watkins, Kendra | McDaniel, Michael | Frey, Margaret | Crouse, Nathan | Rajbhandari, Ruji | Morehouse, Jana | Sanchez, Jeremy | Inglis, Mike | Baros, Shirley | Penman, Shawn | Morrison, Susan | Budge, Tom | Stallcup, Wes

Article Type: Research Article

Abstract: Accurate description of the distribution of housing units within sub-County geographies is an important component of small-area population estimation. This paper pilots the use of the Pearl-Reed logistic model to predict housing unit growth in urban Census tracts in Bernalillo …County, New Mexico for 2007. The model is based upon 1990 to 2000 growth rates, constrained with respect to a priori estimates of an upper-limit of housing units that could potentially be built within a tract based on its land area. In spite of the simplistic nature of this model, it is found to perform quite well. Further development based on incorporation of additional economic, demographic, and sociologic data would likely improve the model substantially; however, in this study the model out-performed standard trend extrapolation procedures for the study area and displayed error measures comparable to those reported in the literature for extrapolation methods in general. Show more

Keywords: Small-area population estimates, Pearl-Reed model, housing unit method, census tracts

DOI: 10.3233/JEM-2008-0301

Citation: Journal of Economic and Social Measurement, vol. 33, no. 2-3, pp. 155-163, 2008

Authors: Balk, Bert M. | Reich, Utz-Peter

Article Type: Research Article

Abstract: It is well known that the use of chained indices in economic accounting systems leads to volume figures (deflated nominal values) that are inherently non-additive. This inconvenience for users is caused by a mathematical impossibility result. Recognizing this state of …affairs, in this article a deflation method will be developed that uses chained indices of a certain functional form but leads to volume figures that exhibit additivity and can be nicely interpreted. Show more

Keywords: National accounts, additivity, chained indices

DOI: 10.3233/JEM-2008-0303

Citation: Journal of Economic and Social Measurement, vol. 33, no. 2-3, pp. 165-178, 2008

Authors: Klein, Lawrence R. | Kushnirsky, Fyodor I. | Mercado, Alejandro Delgado

Article Type: Research Article

Abstract: In a two-part paper, we apply to the Mexican economy the methodology of forecasting at mixed frequencies developed by Klein and Kushnirsky [23]. We construct two macroeconometric models for Mexico – high frequency, with monthly observations, and low frequency, with …annual observations. For each model we provide a description of the data, their sources, and methods of computation. The equations of the high frequency model follow the stages of the calculation of Mexico's GDP using two parallel approaches, output and expenditure, and averaging the results. The equations of the low frequency model are grouped into three blocks: production, consumption, and investment; foreign direct investment and trade; and wages, prices, and finance. Our methodology demonstrates how the high frequency model can be used for periodic adjustments of selected key indicators in the low frequency model, especially fixing initial conditions for the dynamics of the low frequency model so that it may be extrapolated a few years into the future. The methodology includes a theoretical foundation, methods for the adjustment of model structures and properties, procedures for achieving mutually consistent solutions, and step-by-step applications. Show more

DOI: 10.3233/JEM-2008-0304

Citation: Journal of Economic and Social Measurement, vol. 33, no. 2-3, pp. 179-217, 2008

Article Type: Correction

DOI: 10.3233/JEM-2008-0304a

Citation: Journal of Economic and Social Measurement, vol. 33, no. 2-3, pp. 219-219, 2008