Showing 1 - 9 of 9
This paper uses an endogenous-growth model with overlapping generations to explore the connection between fiscal federalism and economic growth. The analysis shows that federalism, which allows public-good levels to be tailored to suit the differing demands of young and old consumers, who live...
Persistent link: https://www.econbiz.de/10005765845
We construct an overlapping generations model for the small open economy whichincorporates a realistic description of the mortality process. Agents engage in educational activities at the start of life and thus create human capital to be used later on in life for production purposes. Depending...
Persistent link: https://www.econbiz.de/10005094204
I show how the influences of unskilled immigration, differential fertility between immigrants and the local indigenous population, and incentives for investment in human capital combine to predict the decline of the West. In particular, indigenous low-skilled workers lose from unskilled...
Persistent link: https://www.econbiz.de/10008583706
This work focuses on a temporary guest-worker-type migration of individuals from the middle class of the wealth distribution. The article demonstrates that the possibility of a low-skilled guest-worker employment in a higher wage foreign country lowers the relative attractiveness of the skilled...
Persistent link: https://www.econbiz.de/10009020797
), the People’s Republic of China (PRC), and India (collectively, ACI) over the next two decades. By 2030, they could …
Persistent link: https://www.econbiz.de/10011278142
China and India have emerged as highly dynamic economies in recent years. In the Asian region their growth and economic … dependence of India and China is mostly on the industrial intermediate sector, which is critical for their exports. It is … technology is examined. India and China have made steady progress in frontier technologies such as ICT and biotechnology, and …
Persistent link: https://www.econbiz.de/10009363489
Previous work has shown that the results of both China and Mexicos export-led market reforms over the past quarter … century have been strikingly different. In contrast to China, Mexico has not managed to increase the value added of its … exports of manufactured goods and has subsequently had a difficult time competing with China in world markets. Building on …
Persistent link: https://www.econbiz.de/10009365144
increasing the rate of economic growth. Little attention, however, has been devoted to confirm or reject this link for China …
Persistent link: https://www.econbiz.de/10009365430
Comparisons of India and China have been made for over 50 years. This paper focuses on purchasing power estimates in … China and India in the 2005 round of the UN International Comparison Programme (ICP) that was coordinated by the World Bank … currencies and real product per capita for 146 countries, and the results for China and India are discussed in the context of the …
Persistent link: https://www.econbiz.de/10009365454