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Globalization increasingly involves less-developed countries (LDCs), i.e., economies which usually suffer from severe imperfections in their financial systems. Taking these imperfections seriously, we analyze how credit frictions affect the distributive impact of trade liberalizations. We find...
Persistent link: https://www.econbiz.de/10010316053
We augment a Schumpeterian growth model with a public basic-research sector to examine how much a country should invest in basic research. We find that the closer the country is to the world’s technological frontier the more the government should invest in basic research. Basic-research...
Persistent link: https://www.econbiz.de/10011753143
the consequence of the occurrence of credit rationing on farmer's capital accumulation, investment and supply. The method … discount rate. Finally, if the uncertainty is introduced, then the level of investment spending and capital accumulation is …
Persistent link: https://www.econbiz.de/10010299356
This paper is about “Capital in the Twenty-first Century” by Thomas Piketty. It identifies his central macroeconomic …
Persistent link: https://www.econbiz.de/10010352018
Differences in wages, employment, and capital between worker-owned and capitalist enterprises are computed from a …, employment, and capital equations largely corroborate the implications of the behavioral models of the two types of enterprise …
Persistent link: https://www.econbiz.de/10010276248
The elasticity of factor substitution between capital and labor is a crucial parameter in many economic fields. However … and 2016, this paper provides the first meta-regression analysis of capital-labor substitution elasticities for the U …
Persistent link: https://www.econbiz.de/10011539569
) and highlighted the size of the brain loss toward Côte d?Ivoire and France. Burkina Faso shows a more severe brain drain … France. The subsequent empirical strategy consists in comparing the growth performance of an economy without migration to the … country (France) and failed when migration, as is the case for Burkina Faso, flows into Cote d?Ivoire the polar economy of the …
Persistent link: https://www.econbiz.de/10010262227
capital and labor, but also on changes in the allocation of these inputs across firms. As the latter effects are neglected in … that changes in allocation of capital and labor have pronounced effects on GDP-growth for most European countries. Further …
Persistent link: https://www.econbiz.de/10010264911
Finance for micro, small, and medium-sized enterprises (MSMEs) has been a concern for all stakeholders including entrepreneurs, financial institutions, and government organizations. The key objective of the study was to identify various challenges faced by MSMEs in sourcing of finance during...
Persistent link: https://www.econbiz.de/10011653783
substitution between capital and labor. Our focus is on the two-input constant elasticity of substitution (CES) production function …
Persistent link: https://www.econbiz.de/10011954920