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This paper presents a new empirical strategy for estimating the effects of trade policy on domestic factor prices when policy endogeneity is suspected. Absent income effectson factor supplies or domestic prices, the coefficient on the terms of trade can provide an unbiased estimator of the...
Persistent link: https://www.econbiz.de/10005121175
This paper presents new evidence on the cross-country correlation between factor shares and per capita income. The evidence comes from UNIDO and OECD databases of industrial surveys designed to measure economic activity in the corporate manufacturing sector. We show that a statistically...
Persistent link: https://www.econbiz.de/10005649749
We evaluate the success of the Venezuelan government’s latest nationwide literacy program, Misión Robinson, using official Venezuelan government survey data. Controlling for existing trends in literacy rates by age groups over the period 1975 to 2005, we find at most a small positive effect...
Persistent link: https://www.econbiz.de/10005649750