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We present a model in which two of the most important features of the long-run growth process are reconciled: the massive changes in the structure of production and employment; and the Kaldor facts of economic growth. We assume that households expand their consumption along a hierarchy of needs...
Persistent link: https://www.econbiz.de/10010262779
differences. Arguably, this shortcoming is rooted in the lack of an appropriate MIMIC model which considers cointegration among … variables. This paper develops a MIMIC model which estimates the cointegration equilibrium relationship and the error correction …
Persistent link: https://www.econbiz.de/10010276685
This paper provides new estimates of the effects of ethnic network on U.S. exports. In line with recent research, our dataset is a panel of exports from U.S. states to 29 foreign countries. Our analysis departs from the literature in two ways, both of which show that previous estimates of the...
Persistent link: https://www.econbiz.de/10010267294
with a coefficient equal to the share of capital (α). The long-run theory is tested using quarterly data on nine major oil …-run theory. The existence of long-run relations between real output, foreign output and real oil income is established for six of … three decades, the theory suggests that the effect of oil income on the economy's steady state growth rate will vanish …
Persistent link: https://www.econbiz.de/10010282525
use a modified gravity model to examine the migrant stock-export relationship and find that United States exports to a …
Persistent link: https://www.econbiz.de/10010262581
The analysis of the effects of firm-level international trade on wages has so far focused on the role of exports, which are also typically treated as a composite good. However, we show in this paper that firm-level imports can actually be a wage determinant as important as exports. Furthermore,...
Persistent link: https://www.econbiz.de/10010275836
both imports and exports, and iii) examine the impact of imports according to the country of origin. Looking at the export …
Persistent link: https://www.econbiz.de/10010278541
import as well as the export activity of the firm. These two innovations allow us to avoid large biases that characterized … recent theories that aim at explaining participation both in export and import markets and at including non …
Persistent link: https://www.econbiz.de/10010280654
workforce sheds new light on the role of highly qualified employees for success on export markets that is not revealed by the …
Persistent link: https://www.econbiz.de/10010282156
' incentives to export. The results indicate that the export wage premium is due to exporting firms both (1) paying a wage premium … document that the export wage premium is larger for workers with more export-related experience. This indicates that the …
Persistent link: https://www.econbiz.de/10010282466