Showing 1 - 4 of 4
Persistent link: https://www.econbiz.de/10001999110
This paper explores the role played by structural transformation and the resulting relocation of workers from rural to urban areas in the recent housing boom in China. This development process has fostered an ongoing increase in urban housing demand, which, combined with a relatively inelastic...
Persistent link: https://www.econbiz.de/10010938566
This paper investigates the relationship between money growth, inflation, and productive activity in a general equilibrium model where search frictions motivate the transactions role of money. The use of a multiple matching technique, where search frictions are captured by limited consumption...
Persistent link: https://www.econbiz.de/10005360588
This paper constructs an integrated framework to disentangle the underlying economic mechanism of industrial transformation. We consider three essential elements for the analysis: skill requirements, industry-wide spillovers, and degrees of consumption subsistence. We find that human and...
Persistent link: https://www.econbiz.de/10005604997