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An Equilibrium Model of the African HIV/AIDS Epidemic
Greenwood, Jeremy - 2018
Twelve percent of the Malawian population is HIV infected. Eighteen percent of sexual encounters are casual. A condom is used a third of the time. To analyze the Malawian epidemic, a choice-theoretic general equilibrium search model is constructed. In the developed framework, people select...
Persistent link: https://www.econbiz.de/10012908690
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Exports, unemployment and the welfare state
Janeba, Eckhard - 2007
The paper analyzes the labor market effects of globalization when foreign market entry is costly and risky. With … cannot easily switch industries and wages are inflexible in the short run, globalization tends to increase unemployment. In … popular views about the globalization effects in the U.S. and continental Europe. The results also suggest that the welfare …
Persistent link: https://www.econbiz.de/10010264115
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An elementary theory of global supply chains
Costinot, Arnaud; Vogel, Jonathan E.; Wang, Su - 2011
This paper develops an elementary theory of global supply chains. We consider a world economy with an arbitrary number of countries, one factor of production, a continuum of intermediate goods, and one final good. Production of the final good is sequential and subject to mistakes. In the unique...
Persistent link: https://www.econbiz.de/10010274888
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Offshoring along the production chain
Harms, Philipp; Lorz, Jens Oliver; Urban, Dieter M. - 2009
Recent contributions on offshoring often assume that firms can freely split their production process into separate steps which can be ranked according to the cost savings from producing abroad. We replace this assumption by the notion of a technologically determined sequence of production steps....
Persistent link: https://www.econbiz.de/10010275670
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Globalization and domestic conflict
Garfinkel, Michelle R.; Skaperdas, Stergios; … - 2005
We examine how globalization affects trade patterns and welfare when conflict prevails domestically. We do so in a …
Persistent link: https://www.econbiz.de/10010261309
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Can integrity replace institutions? : theory and evidence
Aharonovitz, Gilad D.; Skuza, Nathan; Fahs, Faysal - 2009
Institutions are important for proper economic performance, but are replaceable by trust or other social norms. We show that when proper institutions and trust are missing, integrity of the individuals can replace them. We construct a model of a transactions-based economy with contracts...
Persistent link: https://www.econbiz.de/10010265978
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Institutions and development : the interaction between trade regime and political system
Falkinger, Josef; Grossmann, Volker - 2004
This paper argues that openness to goods trade in combination with an unequal distribution of political power has been a major determinant of the comparatively slow development of resource- or land-abundant regions like South America and the Caribbean in the nineteenth century. We develop a...
Persistent link: https://www.econbiz.de/10010261261
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Distribution of natural resources, entrepreneurship, and economic development : growth dynamics with two elites
Falkinger, Josef; Grossmann, Volker - 2005
This paper develops a model in which the interaction of entrepreneurial investments and power of the owners of land or other natural resources determines structural change and economic development. A more equal distribution of natural resources promotes structural change and growth through two...
Persistent link: https://www.econbiz.de/10010261348
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Credit Market Imperfection, Lack of Entrepreneurs and Capital Outflow from a Developing Economy
Marjit, Sugata - 2020
This paper explores the impact of credit market on the entrepreneurs and demand for credit in a credit constrained economy and the resultant impact on the capital flows. In standard trade models the capital flows across countries are explained as a result of the rate of return differentials due...
Persistent link: https://www.econbiz.de/10012824582
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Globalization, redistribution, and the composition of public education expenditures
Baskaran, Thushyanthan; Hessami, Zohal - 2010
We analyze whether globalization affects the composition of public expenditures for education by integrating arguments … towards lower education. In industrialized countries, on the other hand, globalization has an ambiguous effect on the …
Persistent link: https://www.econbiz.de/10010267052