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This paper considers unit labor costs (ulcs), i.e., the ratio of the wage rate to labor productivity, as the indicator of competitiveness in the Philippines. It is shown that ulcs have an interpretation from the point of view of the functional distribution of income (i.e., the distribution of...
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By the middle of this century, Asia's elderly population is projected to reach 922.7 million, and its share of population 17.5%, from just 4.1% in 1950. Within the next few decades, Asia is poised to become the oldest region in the world; reforming policies and creating new structures and...
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.1 Characteristics of Singapore Government Securities -- 3.2 Segmentation of the Market-Outstanding Value by Type of Bond or Note -- 3 ….3 Singapore Government Securities Auction-Summary of Conduct -- 4.1 Singapore Exchange Securities Trading Hours -- 6.1 Monetary … Authority of Singapore Enhanced Electronic Payment System Transaction Fees -- 6.2 Transaction Fees of the Central Depository …
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The focal issue of this investigation is whether the rising services sector would contract cost disease and stagnate economic growth in People's Republic of China (PRC), as diagnosed generally of tertiarization in Baumol's unbalanced growth model. Using provincial panel data for 1985-2001, the...
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