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the countries' authorities, openness, and transparency, consistently with the theory. …
Persistent link: https://www.econbiz.de/10010269064
Standard job search theory assumes that unemployed individuals have perfect information about the effect of their …
Persistent link: https://www.econbiz.de/10010272034
This paper tests two hypotheses from the theory of elimination tournaments: (i) that uneven tournaments, where the … contestants are ex ante heterogeneous, entail lower effort exertion; this is a prediction from agency theory that has not been … underlies any agency theory about elimination tournaments, and has been empirically tested in other contexts. The evidence …
Persistent link: https://www.econbiz.de/10010261647
One issue the literature neglects is how outsourcing stimulates trade (imports, exports and foreign direct investment), thereby affecting political relations. However, at least as far back as 1750, economic philosophers such as Baron de Montesquieu in his L?Esprit des Lois, argued, ?peace is the...
Persistent link: https://www.econbiz.de/10010262075
thereby fosters economic growth. We apply a structural estimation approach to fully track the endogenous mechanisms of the …
Persistent link: https://www.econbiz.de/10010267663
In 1958 Jacob Mincer pioneered an important approach to understand how earnings are distributed across the population. In the years since Mincer's seminal work, he as well as his students and colleagues extended the original human capital model, reaching important conclusions about a whole array...
Persistent link: https://www.econbiz.de/10010268458
that this will lead to a dynamic factor model with the dominant unit acting as the factor. The problems of estimation and …
Persistent link: https://www.econbiz.de/10010276258
It is widely argued that declining fertility slows the pace of economic growth in industrialized countries through its negative effect on labor supply. There are, however, theoretical arguments suggesting that the effect of falling fertility on effective labor supply can be offset by associated...
Persistent link: https://www.econbiz.de/10010282140
We examine the interaction between foreign aid and binding borrowing constraint for a recipient country. We also analyze how these two instruments affect economic growth via non-linear relationships. First of all, we develop a two-country, two-period trade-theoretic model to develop testable...
Persistent link: https://www.econbiz.de/10010282320
College students now use various forms of unsecured credit such as private student loans and credit cards to finance college. Access to these credit lines and the interest rates charged on these loans can vary significantly across credit scores. In this paper, we analyze if credit status, as...
Persistent link: https://www.econbiz.de/10010287620