Dynamic Economics: Quantitative Methods and Applications

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R&D and Productivity: Estimating Endogenous Productivity (2013, background): “…or adjustment costs; their exact forms are irrelevant for our purposes.5 In practice, investment opportunities and the price of equipment goods are likely to vary and the cost of investment in knowledge depends greatly on the nature of the undertaken project (Adda and Cooper, 2003, p. 188).”
Firms, Informality, and Development: Theory and Evidence from Brazil (2018, background): “The interested reader can find an in-depth and systematized discussion in Gourieroux and Monfort (1996) and Adda and Cooper (2003).”
Soft and Hard Price Collars in a Cap-and- Trade System (2012, unknown): “The discretization step and probability transition matrix formulation for θ is done using the discretization method for AR(1) processes described in Adda and Cooper (2003). 11 The program used to generate the optimal policy rules and run the simulations, along with all other variables used within th”
Code files for "Finite State Markov-chain Approximations to Highly Persistent Processes" (2009, methodology): “It is also unclear whether matching the moments of the AR(1) process is important in terms of solving dynamic general equilibrium models.”
Yours, Mine, and Ours: Do Divorce Laws Affect the Intertemporal Behavior of Married Couples? (2015, unknown): “Spouses experience permanent income shocks, which follow a random walk process: z t = z j t−1 + ζ j t and z j 1 = ζ j 1 (1) in which ζ t is i.”