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This paper explores the features of a dynamic multisectoral model which focuses on the relationship between income distribution, growth and international specialization. The model is explored both for the steady- state properties and the transitory dynamics of integrated economies. Income...
Persistent link: https://www.econbiz.de/10005556460
independent of the novelty degree. Moreover, different employment effects between manufacturing and service firms regarding …
Persistent link: https://www.econbiz.de/10005118792
The paper presents an index of globalization covering its three main dimensions: economic integration, social … globalization as well as sub-indexes constructed to measure the single dimensions on economic growth are analyzed empirically. The … results show that globalization promotes growth - but not to an extent necessary to reduce poverty on a large scale. The …
Persistent link: https://www.econbiz.de/10005556005
Resumen El presente estudio se centra en analizar los factores que provocan el éxodo de capital en México, entre los que se incluyen: el saldo en cuenta corriente, el grado de sobrevaluación de la moneda, el diferencial en las tasas de interés entre México y Estados Unidos y el diferencial...
Persistent link: https://www.econbiz.de/10005125516
The paper attempts to analyze the implications of foreign capital inflow in a small open economy with a non-traded intermediary on the welfare and urban unemployment in a three- sector Harris-Todaro (1970) framework. The standard immiserizing result of a foreign capital inflow has been found to...
Persistent link: https://www.econbiz.de/10005062645
Our paper decomposes knowledge-diffusing trade flows and estimates their impacts separately. Overall, trade generates positive knowledge spillovers, but the effects of intra-industry trade are ambiguous. With regard to sectoral import penetration, we find that potential positive spillovers are...
Persistent link: https://www.econbiz.de/10005408066
THE THRUST OF THIS PAPER HAS BEEN TO INVESTIGATE THE THEORETICAL PROPOSITION OF THE MONETARY APPROACH TO THE THEORY OF BALANCE OF PAYMENTS ADJUSTMENT MECHANISM. THE ESSENCE OF THE APPROACH IS A CONSISTENT INSISTENCE THAT BALANCE OF PAYMENTS IS A MONETARY AND NOT A REAL PHENOMENON AS POSITED BY...
Persistent link: https://www.econbiz.de/10005408148
Sumario El estudio utiliza las herramientas de series tiempo como las pruebas de raíz unitaria y corte estructural para analizar las series de los determinantes de la Inversión Extranjera de Cartera (IEC) y la misma IEC. Varias series fueron consideradas para el análisis de la IEC, entre los...
Persistent link: https://www.econbiz.de/10005408177
The paper shows that in a reasonable production structure for a developing economy a brain drain of skilled labour may raise the welfare of the economy while an emigration of unskilled labour is welfare reducing. Also an emigration of skilled / unskilled labour lowers the urban unemployment of...
Persistent link: https://www.econbiz.de/10005556443
This paper addresses an issue that has been overlooked in the literature on the effects of population ageing: Transmission onto small countries of the economic effects of population ageing, a natural, demographic outcome of the shock that many large industrial countries experienced in the form...
Persistent link: https://www.econbiz.de/10005556703