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China's Latent Human Capital Investment: Achieving Milestones and Competing for the Top
Constant, Amelie; Meng, Jingzhou; Tien, Bienvenue; … - C.E.P.R. Discussion Papers - 2011
In this paper we provide an overview of China’s human capital strategy and educational achievements over the last two … decades. While every one acknowledges China as an economic superpower, very few are aware of or realize China’s notable … Chinese modern higher education system China has made tremendous strides in education both domestically and internationally …
Persistent link: https://www.econbiz.de/10009002385
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A Labour-Based Theory of International Trade
Minford, Patrick - C.E.P.R. Discussion Papers - 1988
This new model of international trade patterns is based on differing relative labor costs derived from differing endowments of skilled and unskilled labor, when labor is in elastic supply because of social support systems. All factors other than labor are assumed to be mobile across frontiers;...
Persistent link: https://www.econbiz.de/10005666823
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Offshoring and Immigrant Employment: Firm-level Theory and Evidence
Barba Navaretti, Giorgio; Bertola, Giuseppe; … - C.E.P.R. Discussion Papers - 2008
We propose and solve a simple model of firm-level decisions to offshore production stages of lower skill intensity than that of activities that remain in the domestic location. In theory, offshoring is optimal only for the more productive among heterogeneous firms if it entails a fixed cost. In...
Persistent link: https://www.econbiz.de/10005792450
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Learning on the Quick and Cheap: Gains from Trade Through Imported Expertise
Markusen, James R.; Rutherford, Tom - C.E.P.R. Discussion Papers - 2004
Gains from productivity and knowledge transmission arising from the presence of foreign firms has received a good deal of empirical attention, but micro-foundations for this mechanism are weak. Here we focus on production by foreign experts who may train domestic unskilled workers who work with...
Persistent link: https://www.econbiz.de/10005124316
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Access to Public Capital Markets and Employment Growth
Borisov, Alexander; Ellul, Andrew; Sevilir, Merih - C.E.P.R. Discussion Papers - 2015
This paper investigates the importance of accessing public capital markets through an initial public offering (IPO), and the consequent relaxation of firms’ financial constraints, for firm-level long term employment decisions. We find that firms significantly increase post-IPO investment in...
Persistent link: https://www.econbiz.de/10011249379
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Partial Insurance and Investments in Children
Carneiro, Pedro; Ginja, Rita - C.E.P.R. Discussion Papers - 2015
This paper studies the impact of permanent and transitory shocks to income on parental investments in children. We use panel data on family income, and an index of investments in children in time and goods, from the Children of the National Longitudinal Survey of Youth. Consistent with the...
Persistent link: https://www.econbiz.de/10011266538
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Life Expectancy and Schooling: New Insights from Cross-Country Data
Hazan, Moshe - C.E.P.R. Discussion Papers - 2011
I argue that distinguishing between life expectancy at birth and life expectancy beyond the crucial early childhood years affects the relationship between life expectancy and schooling in a meaningful way. In particular, I show that while the change in life expectancy at birth between 1960 and...
Persistent link: https://www.econbiz.de/10009246607
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The Democratic Transition
Murtin, Fabrice; Wacziarg, Romain - C.E.P.R. Discussion Papers - 2011
Over the last two centuries, many countries experienced regime transitions toward democracy. We document this democratic transition over a long time horizon. We use historical time series of income, education and democracy levels from 1870 to 2000 to explore the economic factors associated with...
Persistent link: https://www.econbiz.de/10009320398
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The Demographic Transition and the Emergence of Sustained Economic Growth
Galor, Oded - C.E.P.R. Discussion Papers - 2004
The demographic transition that swept the world in the course of the last century has been identified as one of the prime forces in the transition from stagnation to growth. The unprecedented increase in population growth during the early stages of industrialization was ultimately reversed and...
Persistent link: https://www.econbiz.de/10005662096
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Growth in Euro Area Labour Quality
Schwerdt, Guido; Turunen, Jarkko - C.E.P.R. Discussion Papers - 2006
Composition of the euro area workforce evolves over time and in response to changing labour market conditions. We construct an estimate of growth in euro area labour quality over the period 1983-2004 and show that labour quality has grown on average by 0.6% year-on-year over this time period....
Persistent link: https://www.econbiz.de/10005662236