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Knowledge, lacking weight and other physical attributes and being intangible, is a hidden factor of production, making economies grow "weightless." But knowledge is also embedded in technology. If, because of low productivity, poor countries keep buying low-technology machines, will they remain...
Persistent link: https://www.econbiz.de/10014123676
The paper investigates interrelations between the dynamics of national central banks' interest rates and international trade within the BRIC countries. It shows that countries with lower interest rates experience growth of the share of machinery industry exports rather than agriculture and food...
Persistent link: https://www.econbiz.de/10009317639
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Der Beitrag stellt zunächst verschiedene graphische Verfahren zur Maschinenbelegungsplanung bei 2 Aufträgen vor, die wegen ihrer Einfachheit und didaktischen Eignung in der Ausbildung von besonderem Interesse sind. Ausgangspunkt der Überlegungen ist das Verfahren von Akers (1956) und darauf...
Persistent link: https://www.econbiz.de/10009506019
We estimate the effect of imported machines on the wages of machine operators utilizing Hungarian linked employer … the worker. We find that workers exposed to imported machines earn about 8 percent higher wages than other machine … matching model consistent with these findings. Our findings suggest that machine imports can be an important channel through …
Persistent link: https://www.econbiz.de/10008938507
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Recent years have seen large increases in the prices of houses, farm products, and oil, often with little clear connection to economic fundamentals. These price increases created plausibly exogenous shifts in demand for construction, farm, and mining machinery. This paper uses these demand...
Persistent link: https://www.econbiz.de/10013130941