Browsing Centre for Applied Macro- and Petroleum economics (CAMP) by Author "Park, Joon Y."

Now showing items 1-2 of 2

    • Accounting for Individual-Specific Heterogeneity in Intergenerational Income Mobility 

      Chang, Yoosoon; Durlauf, Steven N.; Hu, Bo; Park, Joon Y. (CAMP Working Paper Series;03/2024, Working paper, 2024-02-21)
      This paper proposes a fully nonparametric model to investigate the dynamics of intergenerational income mobility. In our model, an individual’s income class probabilities depend on parental income in a manner that accommodates ...

    • Common Trends and Country Specific Heterogeneities in Long-Run World Energy Consumption 

      Chang, Yoosoon; Choi, Yongok; Kim, Chang Sik; Miller, J. Isaac; Park, Joon Y. (CAMP Working Paper Series;01/2024, Working paper, 2024-01-11)
      We employ a semiparametric functional coefficient panel approach to allow an economic relationship of interest to have both country-specific heterogeneity and a common component that may be nonlinear in the covariate and ...