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Popular literature suggests a rapid narrowing of the technology gap between China and the U.S. based on large … (especially in sciences) in China in recent years. Little literature attempts to measure the technology gap directly using … the later reflect both differing factor endowments and technology parameters. This paper assesses changes in China …
Persistent link: https://www.econbiz.de/10012457012
and industrial classification for the US. These comparisons clearly point in the direction of China having sharply lower …
Persistent link: https://www.econbiz.de/10012458765
This paper documents the major transformation of higher education that has been underway in China since 1999 and … evaluates its potential global impacts. Reflecting China's commitment to continued high growth through quality upgrading and the … China has been grown at approximately 30% per year since 1999, and the number of graduates at all levels of higher education …
Persistent link: https://www.econbiz.de/10012464797
We explore the implications of trade liberalization in economies with State Owned enterprises (SOEs) and shirking. SOEs are modelled as controlled by the members of the enterprise who determine output and effort levels, while facing output prices and wage rates set by government. Enterprise...
Persistent link: https://www.econbiz.de/10012471065
Recent trade and wages literature focuses on whether trade or technology has been the major source of increases in wage inequality in OECD countries since the 1980s. In this literature, no attention has been paid to demand side considerations. Using a simple heterogeneous goods trade model of...
Persistent link: https://www.econbiz.de/10012471093
This paper explores the use of structural models as an alternative to reduced form methods when decomposing observed joint trade and technology driven wage changes into components attributable to each source. Conventional mobile factors Heckscher-Ohlin models typically reveal problems of...
Persistent link: https://www.econbiz.de/10012471472
Using a general equilibrium model of the United States economy,we examine the combined welfare cost of all taxes in the U.S. revenue system.We find that the welfare losses caused by distortionary taxation can be very large, both on average and at the margin.The marginal welfare loss to consumers...
Persistent link: https://www.econbiz.de/10012478062
There is a growing recognition among public finance economists of the inappropriateness of closed economy models for analyzing alternative U.S. tax policies. In response to this, this paper reports on four different external sector specifications for the Fullerton-Shoven-Whalley general...
Persistent link: https://www.econbiz.de/10012478189
This paper examines the welfare consequences of changing the current U.S. income tax system to a progressive consumption tax. We compute a sequence of single period equilibria in which savings decisions depend on the expected future return to capital. In the presence of existing income taxes,...
Persistent link: https://www.econbiz.de/10012478216
This paper presents estimates of static and dynamic general equilibrium resource allocation effects for four alternative plans for corporate and personal income tax integration in the U.S. A medium-scale numerical general equilibrium model is used which integrates the U.S. tax system with...
Persistent link: https://www.econbiz.de/10012478684