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Journey into the unknown? Economic consequences of factor market integration under increasing returns to scale
Schäfer, Andreas; Steger, Thomas - 2012
What are the dynamic consequences of comprehensive integration shocks? The answer to this question appears all but trivial. We set up a dynamic macroeconomic model of a small open economy where both capital and labor are mobile and there are increasing returns to scale at the aggregate level....
Persistent link: https://www.econbiz.de/10010309230
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Assimilation through marriage
Epstein, Gil S.; Lindner Pomerantz, Renana - 2012
During the last few decades cultural changes have been taking place in many countries due to migration. The degree to …
Persistent link: https://www.econbiz.de/10010335974
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Was Dick Whittington Taller Than Those He Left Behind? Anthropometric Measures, Migration and the Quality of Life in Early Nineteenth Century London
Humphries, Jane; Leunig, Tim - London School of Economics and Political Science - 2007
explanatory variable in the analysis of migration. Although correlated with other variables that are routinely used in …
Persistent link: https://www.econbiz.de/10005870559
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Firm Migration and Stock Returns
Puopolo, Giovanni W. - Finrisk - 2009
This paper studies the asset pricing implications of a general equi-librium model in which real investment is reversible at a cost. Firmsface higher costs in contracting than in expanding their capital stockand decide to invest when their productive capital is scarce relativeto the overall...
Persistent link: https://www.econbiz.de/10009022140
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Migration Correlation: Definition and Efficient Estimation
Gagliardini, Patrick; Gourieroux, Christian - Institut für Schweizerisches Bankwesen <Zürich> - 2004
The aim of this paper is to explain why cross-sectional estimated migration correlations displayed in the academic and … a model with stochastic migration in which the parameters of interest, that are migration correlations, are precisely … defined. The impossibility of estimating consistently the migration correlations from cross-sectional data only is emphasized …
Persistent link: https://www.econbiz.de/10005858516
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Public funding and enrolment into higher education in Europe
Winter-Ebmer, Rudolf; Wirz, Aniela - 2002
In this paper we provide evidence for the impact of public funding on enrolment of students in college. We use a panel for European countries and apply instrumental variables techniques to find that public funding for schooling - regardless at what level - does increase college enrolment alike...
Persistent link: https://www.econbiz.de/10010294556
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Satisfaction not guaranteed-Institutions and satisfaction with democracy in Western Europe
Schneider, Friedrich; Wagner, Alexander F.; Dufour, Mathias - 2003
Persistent link: https://www.econbiz.de/10010294582
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Pipeline Power
Hubert, Franz; Cobanli, Onur - 2012
We use cooperative game theory to analyze the impact of three controversial pipeline projects on the power structure in the Eurasian trade of natural gas. Two of them, Nord Stream and South Stream, allow Russian gas to bypass transit countries, Ukraine and Belarus. Nord Stream's strategic value...
Persistent link: https://www.econbiz.de/10010500225
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Human capital, fertility and growth
Galor, Oded - 2006
The demographic transition that swept the world in the past 140 years has been identified as one of the prime forces in the transition from stagnation to growth. The unprecedented increase in population growth during the early stages of industrialization was ultimately reversed. The rise in the...
Persistent link: https://www.econbiz.de/10010318907
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The demographic transition
Galor, Oded - 2006
The evolution of economies over most of human history was marked by Malthusian stagnation. vTechnological progress and population growth were miniscule by modern standards and the average growth rate of income per capita was even slower due to the offsetting effect of population growth on the...
Persistent link: https://www.econbiz.de/10010318909