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Conventionally, it is presumed that restructuring of industrial composition of employment only modestly affects the average wage. This is because in a partial equilibrium setting such a restructuring affects the calculation of the average wage only through changes in employment shares of...
Persistent link: https://www.econbiz.de/10008680328
Why do some regions grow faster than others? More precisely, why do rates of convergence differ? Recent research points … the income convergence effect of labour market improvements. For instance, recent research points to improved … nonagricultural skills acquisition as a driver of Southern US convergence with the North. I find the strong link between labour …
Persistent link: https://www.econbiz.de/10008694007
This paper depicts the agricultural policy reforms and structural changes in Bangladesh from independence to the present times. Bangladesh agriculture has experienced major structural changes and achieved major successes over the last three and a half decades. Reforms began in the late 1970s and...
Persistent link: https://www.econbiz.de/10011107547
Industrial development is often accompanied by massive migration from agricultural to industrial areas. This paper compares two steady states, the first and the second, which emerge before and after the termination of such migration, respectively. The paper shows that 1) the employment rate must...
Persistent link: https://www.econbiz.de/10011107781
This paper investigates the role of public expenditures and general government debt in microfinance performance. Our panel regression applied to the data of microfinance institutions (MFIs) in Latin America and the Caribbean confirms the high significance of public finance for the growth of...
Persistent link: https://www.econbiz.de/10011108562
This article deals with a tax burden in the European Union in as financial and economic crisis has impacted also on tax systems in the European Union. Governments´ tax measure aims to consolidate public finance and promote an economic growth. The article provides empirical evidence on a shift...
Persistent link: https://www.econbiz.de/10011109362
This paper provides direct empirical evidence on cyclicality and the long-term and short-term relationship between government spending and output in eight Central and Eastern European countries in a period 1995–2009. We analyzed annual data on government spending in compliance with the COFOG...
Persistent link: https://www.econbiz.de/10011109568
We build a two sector (agriculture and manufacturing) heterogenous agent model to analyze the effects of a food subsidy program on output and prices. The government may finance this subsidy by levying a distortionary income tax or a tax on manufacturing consumption. We find that in the long run...
Persistent link: https://www.econbiz.de/10011168673
A general equilibrium model has been constructed in a stochastic endogenous growth economy driven by an Ito-Levy diffusion process. The minimum time to “economic maturity” for an underdeveloped economy has been computed both in the preference manifold of the modified Ramsey fashion and in...
Persistent link: https://www.econbiz.de/10011257940
A general equilibrium model has been constructed in a stochastic endogenous growth economy driven by an Ito-Levy diffusion process. The minimum time to “economic maturity” for an underdeveloped economy has been computed both in the preference manifold of the modified Ramsey fashion and in...
Persistent link: https://www.econbiz.de/10011258794