Work

Networks and the Macroeconomy: An Empirical Exploration

Year: 2016

Type: article

Abstract: A second concern is whether measurement error in the input-output matrix might be significantly amplified when we compute the Leontief inverses. Another Monte Carlo exercise we perform in appendix C verifies that even if the input-output matrix is measured with error, regressions of the sort we have used are capable of recovering the correct parameters. We take these two Monte Carlo exercises as useful confirmation of the robustness and informativeness of our empirical strategy.

Source: NBER Macroeconomics Annual

DOI: 10.1086/685961

Authors: Daron Acemoglu, Ufuk Akcigit, William Kerr

Institutions: Massachusetts Institute of Technology, University of Pennsylvania, National Bureau of Economic Research, Harvard University

Language: English

Topic: Economic Theory and Policy

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: bronze

OpenAlex ID: W3122854331

FWCI: 67.98

Cites: 36

Cited by: 469

Related to: 10