The Input-Output Approach to Instrument Selection
AbstractThis article proposes a new method of selecting demand-shift instruments for disaggregated industries. The author us es prior information from input-output tables to identify industries whose output fluctuations are likely to function as approximately exogenous shocks for other industries. After motivating this idea theoretically, he implements the input-output approach using data from the 1977 detailed input-output study. The author conducts a systematic instrument search for over 450 U.S. manufacturing industr ies and finds over 200 industries possessing plausible instruments. He concludes with a brief application, showing how input-output instruments can be used to estimate the short-run supply curve of th e cement industry.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoArticle provided by American Statistical Association in its journal Journal of Business and Economic Statistics.
Volume (Year): 11 (1993)
Issue (Month): 2 (April)
Contact details of provider:
Web page: http://www.amstat.org/publications/jbes/index.cfm?fuseaction=main
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Considine, Timothy J. & Larson, Donald F., 2006.
"The environment as a factor of production,"
Journal of Environmental Economics and Management,
Elsevier, vol. 52(3), pages 645-662, November.
- Min Ouyang, 2007. "On the cyclicality of R&D: disaggregated evidence," Working Paper 0707, Federal Reserve Bank of Cleveland.
- Marcello Estevao, 1996. "Measurement error and time aggregation: a closer look at estimates of output-labor elasticities," Finance and Economics Discussion Series 96-2, Board of Governors of the Federal Reserve System (U.S.).
- Chad Syverson, 2004.
"Market Structure and Productivity: A Concrete Example,"
NBER Working Papers
10501, National Bureau of Economic Research, Inc.
- Chad Syverson, 2004. "Market Structure and Productivity: A Concrete Example," Journal of Political Economy, University of Chicago Press, vol. 112(6), pages 1181-1222, December.
- Chad Syverson, 2001. "Market Structure and Productivity: A Concrete Example," Working Papers 01-06, Center for Economic Studies, U.S. Census Bureau.
- Charlotta Groth & Hashmat Khan, 2007. "Investment adjustment costs: evidence from UK and US industries," Bank of England working papers 332, Bank of England.
- Robert Inklaar, 2007.
"Cyclical Productivity in Europe and the United States: Evaluating the Evidence on Returns to Scale and Input Utilization,"
London School of Economics and Political Science, vol. 74(296), pages 822-841, November.
- Inklaar, Robert, 2006. "Cyclical Productivity in Europe and the United States, Evaluating the Evidence on Returns to Scale and Input Utilization," CEPR Discussion Papers 5501, C.E.P.R. Discussion Papers.
- Inklaar, Robert, 2005. "Cyclical productivity in Europe and the United States, evaluating the evidence on returns to scale and input utilization," GGDC Research Memorandum 200574, Groningen Growth and Development Centre, University of Groningen.
- John Shea, 1999.
"What Do Technology Shocks Do?,"
in: NBER Macroeconomics Annual 1998, volume 13, pages 275-322
National Bureau of Economic Research, Inc.
- John Shea, 1995. "Complementarities and Comovements," NBER Working Papers 5305, National Bureau of Economic Research, Inc.
- Mark Hooker & Michael Knetter, 1994. "Unemployment Effects of Military Spending: Evidence from a Panel of States," NBER Working Papers 4889, National Bureau of Economic Research, Inc.
- Carol Corrado & Joe Mattey, 1997. "Capacity Utilization," Journal of Economic Perspectives, American Economic Association, vol. 11(1), pages 151-167, Winter.
- Marcello Estevao & Stacey Tevlin, 2003.
"Do Firms Share their Success with Workers? The Response of Wages to Product Market Conditions,"
London School of Economics and Political Science, vol. 70(280), pages 597-617, November.
- Marcello Estevao & Stacey Tevlin, 2000. "Do firms share their success with workers? The response of wages to product market conditions," Finance and Economics Discussion Series 2000-17, Board of Governors of the Federal Reserve System (U.S.).
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Christopher F. Baum).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.