# All Questions

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### How do you calculate the contribution of each factor of production to the value of the final product?

How do I determine how much value that capital, labor, and land individually contributed to the value of a firm/good? Like what % of value came from capital vs labor vs land? I heard that this is ...
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### Is there Modern Translation Book for Wealth of Nations?

Is there a New/Modern English Translation of Adam Smith "Wealth of Nations"? I cannot locate any online, it is a great read, just trying to understand it better. The old/classical style of ...
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### Did Adam Smith Support a Central Bank?

Does Adam Smith and Capitalism support a Central Bank/Federal Reserve? I am trying to read through the book "Wealth of Nations" to understand. Having a central/regulatory figure dictate ...
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### Why in neoclassical growth model K* is always to the left of K gold?

In the phase diagram of the Ramsey model, the steady-state capital per capita is always to the left of the golden rule capital per capita. What does this mean? Why does this always happen?
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### Is there research on the level of individuals regarding the origins of hyperinflation?

I am interested in inflation, specifically hyperinflation. Can anybody point me to research (papers, books) done on the individual origins and mechanisms at work at the very beginning of ...
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### Difference between AR confidence intervals reported in weakiv versus twostepweakiv

Should the Anderson-Rubin confidence intervals reported in weakiv and twostepweakiv be equal to each other? Sun (2018) does not ...
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### Is it always a trade off between efficiency and equity?

Is there any situations where we can achieve both equity and efficiency? I'm thinking of Covid 19 vaccine program which is run by Goverment. Although the cost for the program is paid by the money from ...
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### Type I and Type II errors examples to clarify the definition in economics and finance [duplicate]

Type I and Type II errors' definition following this link is as below A Type I error means rejecting the null hypothesis when it’s actually true. It means concluding that results are statistically ...
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### At what frequency does monetary inflation compound?

The M1 money supply of the U.S. dollar is released monthly. But how often does the Federal Reserve or treasury add/remove a new dollar or a new penny? By second, minute, daily?
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### Error structure in subsampling

Subsampling is normally examined in many international studies (grouped by market developement, country governance,etc), @1muflon1 has a great explanation here in one case. In his answer, there is one ...
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### What is social science and discussion about Type II error preference?

Today, my senior lecturer in economics and finance class teaching about laws impact companies' operation told us one sentence "Also keep in mind that in (at least social) science, we care (try to ...
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### Where does the money go when Musk, Branson, and Bezos spend money on a private space program? [closed]

Where does the money go when Musk, Branson, and Bezos spend money on a private space program? What countries and demographic groups have been affected positively? What countries and demographic groups ...
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### What is an 'economic reason'? in relation to marriage?

I'm taking a economic course over the break and with no prior experience with economics, I'm struggling with coming up ideas for a prompt in relations to why people marry. I thought the idea of ...
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### Deriving the VECM form of a VAR(1) model [closed]

Above is a question regarding volatility models and specifically deriving the VECM form from a VAR(1) model, unfortunately my lecturer hasn't provided an example of such a question prior so would love ...
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### Has there really been a 170% increase in M1 money supply in the US in February 2021?

tradingeconomics shows an M1 money supply of the past year as follows: This suggests an unusually high increase of ~170% in February 2021. Is this increase real or somehow an artifact of the way the ...
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### Shouldn't big tech want to split up?

This is a reference request. Where can I find an analysis that explains why companies like Microsoft and Amazon don't split into two. At a certain point diseconomies of scale would kick in. I would ...
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### Show that the estimator of GMM weigh matrix is consistent

(Hansen Exercise 13.3) Take the model $Y = X'\beta + e$ with $\mathbb{E}[Ze] = 0$. Let $\tilde e_i = Y_i - X_i'\tilde \beta$ where $\tilde\beta$ is consistent for $\beta$ (e.g. a GMM estimator with ...
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### Job Market Signaling

My Solution is this Separating equilibrium High type worker chooses $e_H = e^* >0$ Low type worker chooses $e_L =0$ Firms believes that if education is $e^* >0$ then the worker is high type and ...
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### Is addiction a case of increasing marginal utility?

I got to know that alcohol addiction is a case of increasing marginal utility. My professor refutes me bluntly stating that once a person starts consuming he no longer remains to be a 'rational ...