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  1. Health aid, governance and infant mortality
    Author: Doucouliagos, Chris; Hennessy, Jack; Mallick, Debdulal
    Published: February 2019
    Publisher:  IZA - Institute of Labor Economics, Bonn, Germany

    We investigate the impact of health aid on infant mortality conditional on the quality of governance in 96 recipient countries. Our analysis applies the long difference estimator and instrumental variable estimation, with aid instrumented by donor... more

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    We investigate the impact of health aid on infant mortality conditional on the quality of governance in 96 recipient countries. Our analysis applies the long difference estimator and instrumental variable estimation, with aid instrumented by donor government fractionalization interacted with the probability of allocating health aid to a recipient nation. The effectiveness of health aid in reducing infant mortality is conditional on good governance (measured either as government effectiveness or control of corruption). Specifically, health aid to a recipient nation that experiences a one standard deviation improvement in government effectiveness reduces infant mortality by about 4 percent. Our findings reaffirm the importance of improving the quality of governance in recipient nations.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/196664
    Series: Discussion paper series / IZA ; no. 12166
    Scope: 1 Online-Ressource (circa 46 Seiten), Illustrationen
  2. International capital allocations and the Lucas Paradox redux
    Author: Chirinko, Robert S.; Mallick, Debdulal
    Published: [2019]
    Publisher:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    This paper studies the marginal product of private capital (MPK) with new data and a new framework to obtain a better understanding of international capital allocations and the Lucas Paradox (LP). Our point of departure is three influential studies... more

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    This paper studies the marginal product of private capital (MPK) with new data and a new framework to obtain a better understanding of international capital allocations and the Lucas Paradox (LP). Our point of departure is three influential studies of MPK's and, based on the most recently available data, the LP is either sustained, inverted, or rejected. We then introduce three improvements in measuring spot MPK's, and the LP clearly reemerges. While these results are provocative, they may be misleading because they do not recognize the dynamics of the capital accumulation process toward steady-states. We develop and estimate a model that allows us to map spot MPK's into steady-state MPK's. The LP remains; the steady-state MPK's for poor countries is 48% to 77% higher than for rich countries. Four policy implications follow from these estimates. First, there is a great deal of misallocated capital globally: 14% to 21% of the global capital stock. Second, this misallocation is primary due to the difference between country-specific steady-state MPK's and the global MPK that would maximize world output. Third, the benefits of optimally reallocating capital and eliminating the LP are modest: 1.0% to 1.5% of global output or $873 to $1,309 billions of 2019 US dollars. Fourth, the estimates for both misallocation and reallocation depend crucially on the elasticity of substitution between capital and labor. Our empirical work uncovered three new puzzles that have emerged beginning in 1990, 1) the MPK's for both poor and rich countries have been rising sharply, 2) the gap has been widening, and 3) the steady-state MPK's exceed the average spot-MPK's. The later result is inconsistent with the Dynamic Inefficiency, Saving Glut, or Secular Stagnation hypotheses.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/207187
    Series: Array ; no. 7796 (August 2019)
    Scope: 1 Online-Ressource (circa 60 Seiten), Illustrationen
  3. The return on private capital
    rising and diverging
    Author: Chirinko, Robert S.; Mallick, Debdulal
    Published: March 2022
    Publisher:  Institute for Monetary and Economic Studies, Bank of Japan, Tokyo, Japan

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; no. 2022, E-02
    Subjects: Return on private capital; International capital allocations
    Scope: 1 Online-Ressource (circa 45 Seiten), Illustrationen
  4. A spectral representation of the Phillips Curve in Australia
    Author: Mallick, Debdulal
    Published: 2015
    Publisher:  Fac. of Business and Law, School of Acc., Economics and Finance, Deakin Univ., Burwood

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; 2015,7
    Subjects: Phillips-Kurve; Geldpolitik; Arbeitsmarktpolitik; Fourier-Analyse; Statistische Verteilung; Australien
    Scope: Online-Ressource (49 S.)
  5. The substitution elasticity, factor shares, long-run growth, and the low-frequency panel model
    Author: Chirinko, Robert S.; Mallick, Debdulal
    Published: 2014
    Publisher:  CESifo, München

    The value of the elasticity of substitution between labor and capital (ó) is a "crucial" assumption in the study of factor incomes (e.g., Piketty (2014a), Piketty and Zucman (forthcoming), Karabarbounis and Neiman (2014)) and long-run growth (Solow,... more

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    Niedersächsische Staats- und Universitätsbibliothek Göttingen
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    The value of the elasticity of substitution between labor and capital (ó) is a "crucial" assumption in the study of factor incomes (e.g., Piketty (2014a), Piketty and Zucman (forthcoming), Karabarbounis and Neiman (2014)) and long-run growth (Solow, 1956). This paper begins by examining the role of ó in the analyses of these two issues. It then develops and implements a new strategy for estimating this crucial parameter by combining a low-pass filter with panel data techniques to identify the low-frequency/long-run relations appropriate to production function estimation. Our low-frequency/long-run approach is in the spirit of Friedman's permanent income theory of consumption and Eisner's related permanent income theory of investment. While their estimation strategies and ours are similar in relying on permanent (long-run) components, we identify these unobservable components with a low-pass filter. Using spectral analysis, we assess the extent to which our choices of the critical periodicity and window defining the low-pass filter are successful in emphasizing long-run variation. The empirical results are based on the comprehensive panel industry dataset constructed by Dale Jorgenson and his research associates. Our preferred estimate of ó is 0.40. This result is robust to variations in the two spectral parameters that define the low-pass filter, instrumental and split-sample estimates, and disaggregation by industry. Moreover, we document that standard estimation methods, which do not filter-out transitory variation, generate downwardly biased estimates. As medium and high frequency variation is introduced into the model variables, ó declines by over 40% relative to the benchmark value. Despite correcting for this bias, our preferred estimate of ó is less than one, and we find no support for the Cobb-Douglas assumption.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/102130
    Series: Array ; 4895
    Subjects: Substitutionselastizität; Faktorsubstitution; Faktorintensität; USA
    Scope: Online-Ressource ([3], 45 S.)
  6. What we know or do not know about the elasticity of substitution
    four essays on growth theory
    Author: Mallick, Debdulal
    Published: 2007

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    B 384199
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    Source: Union catalogues
    Language: English
    Media type: Dissertation
    Format: Print
    Subjects: Substitutionselastizität; Wachstumstheorie; Theorie; Welt
    Scope: [12], 198 S., graph. Darst.
    Notes:

    Kopie, ersch. im Verl. UMI, Ann Arbor, Mich. - Enth. 4 Beitr

    Zugl.: Atlanta, Ga., Emory Univ., Dep. of Economics, Diss., 2007
  7. Terms of trade shocks and monetary policy in India
    Author: Ghate, Chetan; Gupta, Sargam; Mallick, Debdulal
    Published: July 6, 2016
    Publisher:  Deakin University Australia, Faculty of Business and Law, Department of Economics, [Burwood]

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    VS 101 (2016, 7)
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: [School working paper] / Deakin University Australia, Faculty of Business and Law, Department of Economics ; SWP 2016, 7
    Subjects: Terms of Trade; Schock; Geldpolitik; Preisregulierung; Wirtschaftswachstum; Neoklassische Synthese; DSGE-Modell; Indien
    Scope: 1 Online-Ressource (circa 59 Seiten)
  8. Marginal and interaction effects in ordered response models
    Author: Mallick, Debdulal
    Published: September 2009
    Publisher:  EERI, Economics and Econometrics Research Institute, Brussels, Belgium

    In discrete choice models the marginal effect of a variable of interest that is interacted with another variable differs from the marginal effect of a variable that is not interacted with any variable. The magnitude of the interaction effect is also... more

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    In discrete choice models the marginal effect of a variable of interest that is interacted with another variable differs from the marginal effect of a variable that is not interacted with any variable. The magnitude of the interaction effect is also not equal to the marginal effect of the interaction term. I present consistent estimators of both marginal and interaction effects in ordered response models. This procedure is general and can easily be extended to other discrete choice models. I also provide an example using household survey data on food security in Bangladesh. Results show that marginal effects of interaction terms are estimated by standard statistical software (STATA® 10) with very large error and even with wrong sign.

     
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    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/142554
    Series: EERI research paper series ; no 2009/22
    Scope: 1 Online-Ressource (circa 8 Seiten)
  9. Natural shocks and marriage markets
    evolution of mehr and dowry in muslim marriages
    Author: Chowdhury, Shyamal K.; Mallick, Debdulal; Chowdhury, Prabal Roy
    Published: March 2017
    Publisher:  IZA, Bonn, Germany

    We examine how mehr, a conditional payment from husbands to wives in the event of divorce, and dowry, a transfer from bride families to grooms at the time of marriage, have evolved through natural shocks. We develop a model of marriage market in... more

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    We examine how mehr, a conditional payment from husbands to wives in the event of divorce, and dowry, a transfer from bride families to grooms at the time of marriage, have evolved through natural shocks. We develop a model of marriage market in which dowry acts as a groom price, whereas mehr serves to deter inefficient divorces. Our comparative statics results show that the value of mehr is increasing (decreasing) in shocks that raise (lower) income while the effect of such shocks on dowry is ambiguous; even if dowry increases (decreases), the magnitude will be smaller than the corresponding increase (decrease) in mehr. We then exploit several natural experiments in Bangladesh, that include the Green Revolution around the 1960s, the Independence War in 1971 and the famine of 1974, to explain fluctuations in the value of mehr and dowry observed in Muslim marriages. Using two household survey datasets in Bangladesh, we find support for our theoretical predictions. To rule out alternative explanations, in particular the effect of legal changes, we exploit another natural experiment from the Indian state of West Bengal that experienced the same natural shocks, but not any of the legal shocks affecting Bangladesh. These results demonstrate that natural shocks may influence the evolution of social institutions.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/161298
    Series: Discussion paper / IZA ; no. 10675
    Scope: 1 Online-Ressource (circa 58 Seiten), Illustrationen
  10. Redistributive policy shocks and monetary policy with heterogeneous agents
    Author: Bahl, Ojasvita; Ghate, Chetan; Mallick, Debdulal
    Published: September 2022
    Publisher:  Institute of Economic Growth, University of Delhi, Delhi, India

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: IEG working paper ; no. 455
    Subjects: TANK models; Inflation Targeting; Emerging Market and Developing Economies; Procurement and Redistribution; DSGE
    Scope: 1 Online-Ressource (circa 62 Seiten), Illustrationen