Similar Search Results

Cunat, Alejandro; Maffezzoli, Marco - In: Review of Economic Dynamics 7 (2004) 3, pp. 707-736

We construct a dynamic Heckscher-Ohlin model in which the initial distribution of production factors across economies makes factor price equalization impossible. The model produces dynamics similar to those of the neoclassical growth model. However, free trade prevents identically parameterized...

Persistent link: https://www.econbiz.de/10005085506

Trade, Growth, and Convergence in a Dynamic Heckscher-Ohlin Model

Bajona, Claustre; Kehoe, Timothy - In: Review of Economic Dynamics 13 (2010) 3, pp. 487-513

In models in which convergence in income levels across closed countries is driven by faster accumulation of a … productive factor in the poorer countries, opening these countries to trade can stop convergence and even cause divergence. We …. Divergence can occur for parameter values that would imply convergence in a world of closed economies and vice versa. Second …

Persistent link: https://www.econbiz.de/10008504403

Labor Market Institutions, International Capital Mobility, and the Persistence of Underdevelopment

Bertocchi, Graziella - In: Review of Economic Dynamics 6 (2003) 3, pp. 637-650

countries involved. We contrast bargaining and perfect competition. Under perfect capital markets, convergence of capital and … convergence of the income shares, with unionized countries showing a lower wage rate and consequent capital inflows. Therefore …

Persistent link: https://www.econbiz.de/10005090984

The Role of Allocative Efficiency in a Decade of Recovery

Chen, Kaiji; Irarrazabal, Alfonso - In: Review of Economic Dynamics

The Chilean economy experienced a decade of sustained growth in aggregate output and productivity after the 1982 financial crisis. This paper analyzes the role of allocative efficiency on total factor productivity (TFP) in the manufacturing sector by applying the methodology of Hsieh and Klenow...

Persistent link: https://www.econbiz.de/10010945609

Spatial Takeoff in the First Industrial Revolution

Trew, Alex - In: Review of Economic Dynamics 17 (2014) 4, pp. 707-725

Using the framework of Desmet and Rossi-Hansberg (2009), we present a model of spatial takeoff that is calibrated using spatially-disaggregated occupational data for England in c.1710. The model predicts changes in the spatial distribution of agricultural and manufacturing employment which match...

Persistent link: https://www.econbiz.de/10010945618

Fertility, Time Use, and Economic Development

Moe, Karine S. - In: Review of Economic Dynamics 1 (1998) 3, pp. 699-718

This research develops a model that incorporates both parental altruism toward children and the allocation of time among human capital investment and production in market and nonmarket sector. By introducing these two production sectors, the model captures the interaction among fertility, human...

Persistent link: https://www.econbiz.de/10005085556

Adult Nutrition and Growth

Abdus, Salam; Rangazas, Peter - In: Review of Economic Dynamics 14 (2011) 4, pp. 636-649

We provide microeconomic foundations for the commonly assumed subsistence constraint on consumption and demonstrate that the theory is consistent with several important features of development. In principle, subsistence is consistent with different combinations of food consumption, energy...

Persistent link: https://www.econbiz.de/10008515067

Relative Underperformance Alla Turca

Adamopoulos, Tasso; Akyol, Ahmet - In: Review of Economic Dynamics 12 (2009) 4, pp. 697-717

From 1960 to 2003, Turkey has underperformed relative to several Western economies, in terms of hours worked and output per hour. Our sectoral analysis illustrates two points. First, Turkey's large drop in hours is due to the fact that the substantial decline in agricultural hours has not been...

Persistent link: https://www.econbiz.de/10004985607

Demographic Transition and Industrial Revolution: A Macroeconomic Investigation

Bar, Michael; Leukhina, Oksana - In: Review of Economic Dynamics 13 (2010) 2, pp. 424-451

All industrialized countries have experienced a transition from high birth rates, land-based production and stagnant standards of living to low birth rates and sustained income growth. To develop a better understanding of these economic and demographic transformations and the link between them,...

Persistent link: https://www.econbiz.de/10005009775

The Effects of Longevity and Distortions on Education and Retirement

Ferreira, Pedro Cavalcanti; Pessoa, Samuel de Abreu - In: Review of Economic Dynamics 10 (2007) 3, pp. 472-493

This article studies the impact of longevity and taxation on life-cycle decisions and long run income. Individuals allocate optimally their total lifetime between education, working and retirement. They also decide at each moment how much to save or consume out of their income, and, after...

Persistent link: https://www.econbiz.de/10005069611

1
2
3
4
5
6
7
8
Next
Last