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This paper links between Beckerian literature that shows that marriage is a normal good with respect to male income and the literature that explores cultural changes as a result of exogenous events. I use the oil crisis of the 1970s as a positive shock on some males. The analyzed outcome is...
Persistent link: https://www.econbiz.de/10012005460
This paper investigates the impact of oil price variations on sectoral inflation for a sample of 10 top oil importing and exporting countries. Specifically, we analyze the effects of oil prices on the consumer price index using monthly data spanning the July 2009 to February 2021 period. Two...
Persistent link: https://www.econbiz.de/10014454468
In line with the neoclassical growth model a persistent stream of oil revenues might have a long lasting impact on GDP per capita in oil exporting countries through higher investment activities. This relationship is explored for Iran and the countries of the Gulf Cooperation Council (GCC) using...
Persistent link: https://www.econbiz.de/10010339608
Macroeconomic shocks and labour-market institutions jointly determine employment growth and economic performance. The effect of shocks depends on the nature of these intitutions and the effect of institutional change depends on the macroeconomic environment. It follows that a given set of...
Persistent link: https://www.econbiz.de/10011412386
In "new" new international trade theory, whether firms export or not are determined by their productivity. These models …-ups ; stochastic dynamic programming ; trade ; exports ; productivity ; real option theory ; investment ; firms ; international …
Persistent link: https://www.econbiz.de/10009730710
Persistent link: https://www.econbiz.de/10002035678
Persistent link: https://www.econbiz.de/10001937675
-run output equation with a coefficient equal to the share of capital (α). The long-run theory is tested using quarterly data on … nine major oil economies, six of which are current members of OPEC (Iran, Kuwait, Libya, Nigeria, Saudi Arabia, and … results support the long-run theory. The existence of long-run relations between real output, foreign output and real oil …
Persistent link: https://www.econbiz.de/10009535794
option theory. We derive the efficient separation rule. The model fits the observed distribution of job tenures well. Since … ; inverse gaussian ; wage-tenure profiles ; option theory …
Persistent link: https://www.econbiz.de/10003338779
-sponsored training records dating back more than 30 years. Human capital theory predicts that the amount of training and the length of …
Persistent link: https://www.econbiz.de/10009530195