alone be a sufficient basis for continued investment in these labor-owned/manage- firms. This recommendation proceeds …

worker heterogeneity, and that mobility provides a form of insurance for investment in risky human capital. Mobility also … constrains the ability of competitive governments to engage in redistributive financing of human capital investment, and recent …

fluctuations are the result of TFP fluctuations and investment frictions. I identify land tax changes since 1984 as a possible … source of investment frictions, the idea being that given a strong preference for debt-financing and widespread use of land … investment by affecting borrowing capacity of firms. Calibrating the model using Japanese data and feeding in observed TFP and …

investigating the impact of remittances on consumption, investment, imports and output. It estimates short and long-run multiplier … effects of exogenous shocks of remittances, with data from five Mediterranean countries. The analysis reveals a uniform … changes, in the sense that the good done to growth by rising remittances is not as great as the bad done by falling …

the migrant and his family, treating remittances as an endogenous variable in the migration system. Behind this model is … present or future consumption of remittances. The model has two purposes: estimate the relative significance of behavioural …

This study examines the determinants of worker’s remittances. Variance decompositions, impulse response functions and … Granger causality tests derived from a vector error correction model are used to test if remittances are affected by the … Dominican Republic, El Salvador, Mexico and the U.S. are used. The results indicate that remittances respond more to changes in …