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A Note on Partitioning Effects Estimates Over Space
Court, Christa; Lacombe, Donald - Regional Research Institute (RRI), West Virginia University - 2011
In this paper we provide an applied example for calculating the so-called effects estimates of LeSage and Pace (2009) for partitions of the impacts over space. While the partitioning of the impacts by orders of neighbors over space for the spatial autoregressive (SAR) model is a relatively...
Persistent link: https://www.econbiz.de/10010929338
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A Note on Partitioning Effects Estimates Over Space
Court, Christa; Lacombe, Donald - Regional Research Institute (RRI), West Virginia University - 2011
In this paper we provide an applied example for calculating the so-called effects estimates of LeSage and Pace (2009) for partitions of the impacts over space. While the partitioning of the impacts by orders of neighbors over space for the spatial autoregressive (SAR) model is a relatively...
Persistent link: https://www.econbiz.de/10010778449
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Neoclassical Growth and Commodity Trade
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
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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
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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
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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
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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
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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
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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
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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