covariance between the first two components). In that purpose, spatial seemingly unrelated (SUR) regressions are carried out to … covariance. Moreover, spatial autocorrelation is also included in the SUR regressions, and its evolution over the period is …

Bangladesh has experienced rapid fertility decline and reductions in under-five mortality over the last three decades …

We set up an open-economy, three-country version of the endogenous- mortality model of Lagerloef (forthcoming in the … International Economic Review). The model is calibrated to pre-industrial mortality data from England, France and Sweden. Fitting … parameters to match observed rates of correlation in mortality rates, the model can also account for: (1) differences in the …

equities, we examine equilibrium unemployment. While a mechanism of an efficiency wage brings about nominal wage rigidity …, unemployment occurring in our model definitely has Keynesian features. For instance, a reduction in wages rather enhances … unemployment through a decrease in consumption. In addition, our paper shows a possibility of Pareto improvement through an …

unemployment, undue instability, and excess debt. …