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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
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
call technology shifters (economic factors). We use several composite technology indices based on appropriate combinations … of the external economic factors which are indicators of different aspects of technology. These technology indices are … specific external economic factors. Furthermore, the technology shifters allow for non-neutral and biased shifts in TC. We also …
Persistent link: https://www.econbiz.de/10013119734
. 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
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
We examine Becker's (1960) contention that children are "normal." For the cross section of non-Hispanic white married couples in the U.S., we show that when we restrict comparisons to similarly-educated women living in similarly-expensive locations, completed fertility is positively correlated...
Persistent link: https://www.econbiz.de/10013120411
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
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
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
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