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housing markets have followed a related but different approach. On the one hand, housing markets have been modeled with …
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Many recent papers have claimed that when housing services are treated separately from other forms of consumption in … claims. The key assumption embedded in this literature is that households are not very willing to substitute housing services … for consumption. We show that housing services and consumption must be much more substitutable than has been assumed for a …
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literature. The evaluation was based on the structure and dynamics of the manufacturing sector vis-à-vis the rest of the economy …
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productive horizon of advanced manufacturing, which is very capital intensive, the manufacturing industry has not yet found a new … productive transformation feasible implicit in advanced manufacturing. …
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