This paper considers an equilibrium model of unemployment in a labour market where all vacancies are advertised in a … newspaper. Unemployment occurs in occupations that are short on vacancies. New vacancies are created by entrepreneurial search … and investment, so it may take some time before an unemployed worker finds a job. Wages are determined by bargaining. A …

-industrial sector. The interaction of investment with unemployment creates a channel for potentially divergent long-run outcomes. If the …

home thanks to a relatively larger flow of remittances. Skilled migrants typically earn relatively more and, ceteris … flow of remittances from skilled migrants. Hence, the sign of the impact of the brain drain on total remittances is an … home out of a given flow of earnings abroad. We then derive an empirical equation of remittances and estimate it on a large …

of the world economy calibrated to aggregate and firm-level data. Our framework features cross-country labor productivity … difference, international trade, remittances, and a heterogeneous workforce. We compare welfare under the observed levels of … flows -- such as Jamaica or El Salvador -- are also better off due to migration, but for a different reason: remittances …

We develop a model that examines the capital structure and investment decisions of regulated firms in a setting that …

us to reject this view. In fact, a net capital inflow made possible to meet the demand for investment boosting economic …

This Paper documents four basic facts about investment goods and investment prices. First, investment has a very …, and transportation) are much less important for investment than for consumption. Third, the import content of investment …