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We show that a calibrated dynamic skill accumulation model allowing for comparative advantages, can explain the weak (or negative) effects of schooling on productivity that have been recently reported (i) in the micro literature on compulsory schooling, ii) in the micro literature on estimating...
Persistent link: https://www.econbiz.de/10009399199
This paper aims to address the empirical question of whether a country's level of manufacturing trade is affected by its financial sector development and to investigate the role of institutions in this relationship. Countries endowed with better-developed financial systems tend to specialize in...
Persistent link: https://www.econbiz.de/10010587831
We estimate a finite mixture dynamic programming model of schooling decisions in which the log wage regression function is set in a random coefficient framework. We also analyze the determinants of 3 counterfactual experiments (a college attendance subsidy, a high school graduation subsidy and...
Persistent link: https://www.econbiz.de/10008792110
Through the new developing regions created in Romania must bring into account the compensation of the population needs and the differentiated territorial expectations. According to Public Opinion Barometer (Oct. 2004), diseases, firstly, prices and the children's future, are the main concerns of...
Persistent link: https://www.econbiz.de/10010899258
One of the most significant characteristics of capitalism in Brazil is the powerful role played by the government. Economic development has been closely linked to the creation of a series of state agencies and institutions designed to guide the process. In fact, the construction of the...
Persistent link: https://www.econbiz.de/10010820441
The law of association as espoused by David Ricardo and generalized by Ludwig von Mises cannot directly convey what is at stake in exchanges involving specialization in uncertainty bearing. In this article we explain why the entrepreneurial function as conceptualized by Frank Knight and Mises...
Persistent link: https://www.econbiz.de/10010674276
As the growing trade in timber and wood products increasing, it has gained more attention from the main supplier in increasing the export competitiveness of timber and related products. Therefore, countries with large forest resources have an advantage in maximizing the resources in fulfilling...
Persistent link: https://www.econbiz.de/10008793967
While services represent nearly 70 % of value added in all OECD countries, only a fifth of trade in goods and services is due to cross-border supply of services. Then internationalisation of services occurs by commercial presence of firms in host countries, its impact on white collar employment...
Persistent link: https://www.econbiz.de/10008794743
towards China's decentralization of environment policy implementation as well as its fiscal arrangements. …
Persistent link: https://www.econbiz.de/10009651572
Since the inception of economic reforms, China in 1978 and Vietnam in 1986, both countries have become successful … between China and Vietnam?" through a comparative study of the FDI determinants. In other words, this paper revisits the … determinants of FDI into China and Vietnam by employing an augmented gravity model and using a panel dataset containing information …
Persistent link: https://www.econbiz.de/10009651580