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Stages of Diversification in a Neoclassical World
Batista, Catia - 2013
can neoclassical trade theory take us in explaining this pattern? We estimate the production side of the Heckscher …
Persistent link: https://www.econbiz.de/10013072168
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Regional Convergence in Russia : Estimating a Neoclassical Growth Model
Lehmann, Hartmut - 2020
In this paper, we study convergence in per capita gross regional products across Russian regions in the period from 1996 to 2017. To this purpose, we estimate growth equations, which are directly derived from a neoclassical growth model, augmented with human capital and migration. To our...
Persistent link: https://www.econbiz.de/10012839051
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Employment and Exchange Rates : The Role of Openness and Technology
Alexandre, Fernando - 2009
. Economic theory suggests that the impact of exchange rates should vary with the degree of exposure to international competition … and with the technology level. This paper contributes by bringing together these two views, both theoretically and … empirically. We show that both the degree of openness and the technology level mediate the impact of exchange rate movements on …
Persistent link: https://www.econbiz.de/10013159338
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Human Capital Externalities with Monopsonistic Competition
Kaas, Leo - 2021
This paper provides a novel microeconomic foundation for pecuniary human capital externalities in a labor market model of monopsonistic competition. Multiple equilibria arise because of a strategic complementarity in investment decisions
Persistent link: https://www.econbiz.de/10013324941
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Labor Market Developments in China : A Neoclassical View
Ge, Suqin - 2010
This paper assesses the applicability of two alternative theories in understanding labor market developments in China: the classical view featuring a Lewis turning point in wage growth versus a neoclassical framework emphasizing rational choices of individuals and equilibrating forces of the...
Persistent link: https://www.econbiz.de/10013134983
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The Rapid Evolution of Homo Economicus : Brief Exposure to Neoclassical Assumptions Increases Self-Interested Behavior
Ifcher, John - 2016
Economics students have been shown to exhibit more selfishness than other students. Because the literature identifies the impact of long-term exposure to economics instruction (e.g., taking a course), it cannot isolate the specific course content responsible; nor can selection, peer effects, or...
Persistent link: https://www.econbiz.de/10012983904
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Youth Employment in Europe : Institutions and Social Capital Explain Better than Mainstream Economics
Contini, Bruno - 2010
tradition, cultural values, social capital factors that go beyond the standard explanation of economic theory ﾖ provide a more …
Persistent link: https://www.econbiz.de/10013148324
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Are Labor Supply Decisions Consistent with Neoclassical Preferences? Evidence from Indian Boat Owners
Giné, Xavier - 2016
This paper studies the labor supply of South Indian boat owners using daily labor participation decisions of 249 boat owners during seven years. We test the standard neoclassical model of labor supply and find that boat owners' labor participation depends positively on expected earnings but also...
Persistent link: https://www.econbiz.de/10012982124
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Internal Adjustment Costs of Firm-Specific Factors and the Neoclassical Theory of the Firm
Chetty, V. K.; Heckman, James J. - 2022
This paper considers the consequences of a two-sector vertically-integrated model of firms producing output using firm-specific capital with a second sector producing firm-specific capital by adapting raw capital purchased in the market. Analysts rarely observe each sector separately....
Persistent link: https://www.econbiz.de/10014241682
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Social Capital, Innovation and Growth : Evidence from Europe
Akcomak, Semih; ter Weel, Bas - 2021
This paper investigates the interplay between social capital, innovation and per capita income growth in the European Union. We model and identify innovation as an important mechanism that transforms social capital into higher income levels. In an empirical investigation of 102 European regions...
Persistent link: https://www.econbiz.de/10013324851