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A two-final-good, one-primary-factor, small open endogenous growth model is constructed based on R&D. The model yields two steady states with different growth rates as potential equilibria. Depending on history and the external environment, the economy may fall into the poverty trap in free...
Persistent link: https://www.econbiz.de/10005679086
This paper investigates permanent and temporary immigration and remittance under the coexistence of unionized and non-unionized manufacturing firms in a two-sector economy. The impacts of immigration and remittance on respectively wages, employment, the union-non-union wage gap and national...
Persistent link: https://www.econbiz.de/10005261284