Showing 1 - 10 of 453
We unify two approaches towards identifying native welfare effects of immigration, one emphasizing the immigration surplus (Borjas, 1995,1999), the other identifying a welfare loss due to terms-of-trade effects (Davis & Weinstein, 2002). We decompose the native welfare effect of immigration into...
Persistent link: https://www.econbiz.de/10010294552
Ricardian-Heckscher-Ohlin model implemented on 75 countries. We simulate two alternative productivity growth scenarios: a … balanced one in which China's productivity grows at the same rate in each sector, and an unbalanced one in which China …'s comparative disadvantage sectors catch up disproportionately faster to the world productivity frontier. Contrary to a well …
Persistent link: https://www.econbiz.de/10010352168
This paper studies the patterns of trade and the incentives to innovate in an unequal global economy. We introduce non-homothetic preferences in a general-equilibrium model of endogenous growth and international trade between two countries, and argue that the effects of market integration on the...
Persistent link: https://www.econbiz.de/10010316861
The aim of this study is to test the existence of balance of a payments constraint on the long run economic growth of the Turkish economy. The balance of payments constrained growth (BPCG) model which was developed by Thirlwall (1979) and extended by Thirlwall and Hussain (1982) is tested over...
Persistent link: https://www.econbiz.de/10010288100
below trend - and total factor productivity (TFP), using a panel of 71 developed and developing countries during the period …
Persistent link: https://www.econbiz.de/10010278252
We study firm heterogeneity in a specific factors model to address the effect of factor mobility on reallocation gains from trade. A model is proposed with Melitz type firm heterogeneity with two sectors, two countries and two fixed factors and one factor mobile across sectors. Equilibrium in...
Persistent link: https://www.econbiz.de/10010294918
Persistent link: https://www.econbiz.de/10013342548
This paper is concerned with the implicit values of urban accessibility and air quality in Sweden. Based on the hedonic wage and rent theory, we construct an econometric model to compute such values, and illustrate their implications for regional sustainability analysis. It is shown that for...
Persistent link: https://www.econbiz.de/10010321401
rights is the dominant influence on both labor and capital productivity, with geography less important and democracy even …
Persistent link: https://www.econbiz.de/10010397592
move from higher-value to lower-value activities despite strong aggregate labor productivity growth (ALP). These papers use … sets. We show that there is no puzzle when one decomposes aggregate productivity growth in the terms of National Accounts … that there is a fundamental difference in re-allocation measured by the ALP decomposition and that measured by the …
Persistent link: https://www.econbiz.de/10010397786