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In dubio pro CES - Supply estimation with mis-specified technical change
León-Ledesma, Miguel A.; McAdam, Peter; Willman, Alpo - 2010
Capital-labor substitution and total factor productivity (TFP) estimates are essential features of growth and income distribution models. In the context of a Monte Carlo exercise embodying balanced and near balanced growth, we demonstrate that the estimation of the substitution elasticity can be...
Persistent link: https://www.econbiz.de/10011605221
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Structural Change and the Kaldor Facts of Economic Growth
Foellmi, Reto; Zweimüller, Josef - 2002
We present a model in which two of the most important features of the long-run growth process are reconciled: the massive changes in the structure of production and employment; and the Kaldor facts of economic growth. We assume that households expand their consumption along a hierarchy of needs...
Persistent link: https://www.econbiz.de/10010262779
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Steady-State Growth and the Elasticity of Substitution
Irmen, Andreas - 2010
In a neoclassical economy with endogenous capital- and labor-augmenting technical change the steady-state growth rate of output per worker is shown to increase in the elasticity of substitution between capital and labor. This confirms the assessment of Klump and de La Grandville (2000) that the...
Persistent link: https://www.econbiz.de/10011422204
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Horizontal Multinational Firms, Vertical Multinational Firms and Domestic Investment
Namini, Julian Emami; Pennings, Enrico - 2009
We build a dynamic general equilibrium model with 2 countries, horizontal and vertical multinational activity and endogenous domestic and foreign investment. It is found that horizontal multinational activity always leads to a complementary relationship between domestic and foreign investment....
Persistent link: https://www.econbiz.de/10010325782
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Import protection, business cycles, and exchange rates: Evidence from the great recession
Bown, Chad P.; Crowley, Meredith A. - 2011
This paper uses highly detailed, quarterly data for five major industrialized economies to estimate the impact of macroeconomic fluctuations on import protection policies over 1988:Q1 - 2010:Q4. First, estimates on a pre-Great Recession sample of data provide evidence of two key relationships....
Persistent link: https://www.econbiz.de/10010292150
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Age, period and cohort effects on migration of the baby boomers in Australia
Sander, Nikola; Bell, Martin - 2012
effects. This paper focuses on inter-cohort differences in the intensity and pattern of internal migration in Australia, while … Australian baby boom compared to the US. The baby boom in Australia was delayed and much smaller in terms of absolute and …
Persistent link: https://www.econbiz.de/10010352566
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Immigrants' Language Skills: The Australian Experience in a Longitudinal Survey
Chiswick, Barry R.; Lee, Yew Liang; Miller, Paul W. - 2002
Australia, is used to test the model. This survey had three waves, at about 6 months, 18 months and 3? years after immigration …
Persistent link: https://www.econbiz.de/10010262738
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Immigrants' Language Skills and Visa Category
Chiswick, Barry R.; Lee, Yew Liang; Miller, Paul W. - 2002
for Australia. It focuses on both visa category and variables derived from an economic model of the determinants of …
Persistent link: https://www.econbiz.de/10010262780
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The Determinants of the Geographic Concentration among Immigrants: Application to Australia
Chiswick, Barry R.; Lee, Yew Liang; Miller, Paul W. - 2002
concentrated. Testing the model for Australia shows that the extent of geographic concentration of immigrant groups is negatively … related to age at migration, duration of residence in Australia and the proportion of the birthplace group that is fluent in … the country of origin and the place of residence in Australia. …
Persistent link: https://www.econbiz.de/10010262788
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Longitudinal Analysis of Immigrant Occupational Mobility: A Test of the Immigrant Assimilation Hypothesis
Chiswick, Barry R.; Lee, Yew Liang; Miller, Paul W. - 2002
tests the hypotheses using data on adult males from the Longitudinal Survey of Immigrants to Australia. The theoretical … includes data on pre-immigration occupation, the ?first? occupation in Australia (at 6 months) and the occupation after about 3 ….5 years in Australia. The hypotheses are supported by the empirical analysis. …
Persistent link: https://www.econbiz.de/10010262795