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Estimating and testing preferences for consumption, work hours and savings using the PSID, the profit function and the true dynamic budget constraint

Chin, William - EconWPA - 2003

are found not to equal zero and this in turns affects all estimates of consumption, labor supply and saving elasticities. … profit function rationalizing consumption, labor supply and savings is specified, estimated and used to test commonly … maintained separability hypotheses. Both consumption- labor and time separability are rejected. Cross-price Frisch elasticities …

Persistent link: https://www.econbiz.de/10005561778

Removing Tariffs on Goods Originating from Least Developed Countries

Commission, Productivity - EconWPA - 2003

This paper was one input to the Australian Government’s decision to remove tariffs on imports from the least developed countries. The Commission’s analysis suggests that removing tariffs on imports from these countries could significantly boost imports from these countries, particularly of...

Persistent link: https://www.econbiz.de/10005119295

Trade policy, cross-border externalities and lobbies: do linked agreements enforce more cooperative outcomes?

Limão, Nuno - EconWPA - 2002

If, in international agreements, governments “link'' trade to environmental policy (or other issues with non-pecuniary externalities), will this promote more cooperation in both policies or will cooperation in one policy be strengthened at the expense of the other? We analyze this question in...

Persistent link: https://www.econbiz.de/10005124914

Staying Competitive in the High-tech Global Economy: Another Look at the H-1B Visa

Cynamon, Barry - EconWPA - 2001

This paper addresses a specific suggestion for immigration reform—that we must seek skilled immigrants—by examining support for a move to unlimited H-1B visa issuance. Great care is taken to include up to date media coverage as immigration policy is greatly affected by public opinion. This...

Persistent link: https://www.econbiz.de/10005408048

Trade and Turnover: Theory and Evidence

Davidson, Carl; Matusz, Steven - EconWPA - 2005

Is the pattern of trade correlated with cross-sector differences in job turnover? Theoretically, external shocks feed through to changes in domestic employment and cross-sector differences in turnover give rise to compensating wage differentials, which feed through to output prices. Using two...

Persistent link: https://www.econbiz.de/10005408072

Though Arrow Says It’s Impossible, It Happens Everyday

Gani, Mohammad - EconWPA - 2004

Arrow’s Impossibility Theorem shows that transitive social preference is impossible. This note shows that in the general case of exchange, social preference need not be transitive. Indeed, it shows that social preference must be non-transitive to allow gainful exchange to maximize social...

Persistent link: https://www.econbiz.de/10005135127

New Trade Theory Takes Over Monetary Theory

Gani, M - EconWPA - 2004

money has nothing to do with traded output, but everything to do with storing value. But now a new trade theory takes over … monetary theory, by reducing money into a mere tool of trade, as just a means of payment. It takes over theory of exchange … arbitrage, and payments through seigniorage (by creating and issuing money). Suddenly economics studies economy rather than …

Persistent link: https://www.econbiz.de/10005408069

Equality of Demand and Supply Neither Determines Price Nor Clears the Market

Gani, Mohammad - EconWPA - 2004

indirect trade, money also must be used. Micro says that price is equal to marginal cost, rejecting trade theory’s claim that … trade is gainful. To remove these and other contradictions, price theory must be repaired. Money’s role in market clearing …

Persistent link: https://www.econbiz.de/10005413280

Consumption Patterns over Pay Periods

Kelly, Clare; Lanot, Gauthier - EconWPA - 2002

periodically but make consumption decisions on a more frequent basis. The model incorporates price uncertainty and imperfect credit … markets. The simulated numerical solution to this model shows that weekly consumption functions are ordered such that the …

Persistent link: https://www.econbiz.de/10005135011

Work Arrangements in the Australian Meat Processing Industry

Commission, Productivity - EconWPA - 2002

This report examines selected work arrangements and assesses their implications for the performance of meat processing enterprises. The effects on employees are also considered, and the scope to achieve further necessary change is analysed. The study has drawn on information obtained from...

Persistent link: https://www.econbiz.de/10005561801