This paper develops model of growth in an economy where the capital stock is rationed across labour inputs, as in the dual, or segmented, labour market literature on developing economies. In this economy, the increased use of labour in the formal sectors can sustain high marginal and average...

Capital-embodied technological change is incorporated into a real business cycle (RBC) model, and some macroeconomic implications associated with errors in measurement are identified. In the model, measuremente errors arise in part because quality change is difficult to observe, and in part...

Capital-embodied technological change is incorporated into a real business cycle (RBC) model, and some macroeconomic implications associated with errors in measurement are identified. In the model, measuremente errors arise in part because quality change is difficult to observe, and in part...

An optimizing representative firm pays efficiency wages to skilled workers to produce technological innovations, which are assumed to be of labor saving type, affecting negatively the hiring rate of unskilled workers. The results are: i) The efficiency wage of skilled workers is determined by...

Das vorliegende Arbeitspapler fasst die Ergebnisse einer im Sommer 1988 durchgeführten schriftlichen Expertenbefragung zu den Bestimmunsfaktoren von Forschung und Entwicklung in der Schweizer Industrie zusammen. Von den 940 beragten Untemehmungen haben 358 Oder ca. 40% geantwortet; sie waren in...