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Education Briefing: The role of capital-labour substitution in economic growth
Mallick, Debdulal - In: Indian Growth and Development Review 5 (2012) 1, pp. 89-101
Purpose – Although the importance of the elasticity of substitution between capital and labour (s) has been recognized …/value – This paper offers a new perspective on the elasticity of substitution between capital and labour due to its evaluation of …
Persistent link: https://www.econbiz.de/10010551604
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Emerging Asia’s Impacton Australian Growth; Some Insights From GEM
Hunt, Ben - International Monetary Fund (IMF) - 2010
Over the last decade, GDP growth in emerging Asia was roughly twice as fast as average world growth. The IMF’s Global Economy Model (GEM) is used to estimate the impact that emerging Asia’s growth differential has had on Australia. The simulation analysis, which replicates some key...
Persistent link: https://www.econbiz.de/10008727805
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Empirical Estimation of the Elasticity of Substitution : A Review
Caddy, Vern - Centre of Policy Studies and Impact Project (COPS), … - 1976
This review of time series and cross-sectional studies indicates that there is little agreement as to the "true" value of the elasticity of substitution. There appears to be no clear-cut explanation for the diversity of the estimates. Not only do the various studies attribute widely different...
Persistent link: https://www.econbiz.de/10004968041
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The Embodiment of Intangible Investment Goods; A Q-Theory Approach
Belhocine, Nazim - International Monetary Fund (IMF) - 2010
measures the contribution of intangible goods to the overall capital stock in the U.S. The model highlights the embodiment of … investment to the overall capital stock. The downward trend in the aggregate investment deflator series reported by national … accounts is found to have a significant downward bias in the 90s. The model also shows that the growth in the overall capital …
Persistent link: https://www.econbiz.de/10008470384
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Investment, credit constraints and public policy in a neoclassical adjustment cost framework
Čechu­ra, Lukas - Leibniz-Institut für Agrarentwicklung in … - 2008
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/10008597176
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Native Welfare Losses from High Skilled Immigration
Kemnitz, Alexander - Fakultät Wirtschaftswissenschaften, Technische … - 2007
This paper explores the effects of high skilled immigration to a host country with unionized low skilled labor and an … unemployment insurance scheme. We show that such immigration can create a negative immigration surplus due to adverse effects on …
Persistent link: https://www.econbiz.de/10009226137
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Native welfare losses from high skilled immigration
Kemnitz, Alexander - In: International Tax and Public Finance 16 (2009) 4, pp. 560-570
This paper explores the effects of high skilled immigration to a host country with unionized low skilled labor and an … unemployment insurance scheme. We show that such immigration can create a negative immigration surplus due to adverse effects on …
Persistent link: https://www.econbiz.de/10010865765
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Native Welfare Losses from High Skilled Immigration
Kemnitz, Alexander - CESifo - 2008
This paper explores the effects of high skilled immigration to a host country with unionized low skilled labor and an … unemployment insurance scheme. We show that such immigration can create a negative immigration surplus due to adverse effects on …
Persistent link: https://www.econbiz.de/10005406111
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The Effects of Immigration on Wages: An Application of the Structural Skill-Cell Approach
Gerfin, Michael; Kaiser, Boris - In: Swiss Journal of Economics and Statistics (SJES) 146 (2010) IV, pp. 709-739
This paper investigates how recent immigration inflows from 2002 to 2008 have affected wages in Switzerland. This … immigration inflows, we follow the "structural skill-cell approach" as for example employed by Borjas (2003) and Ottaviano and … on domestic wages using the actual immigration inflows from 2002 to 2008. For the long run, the simulations produce some …
Persistent link: https://www.econbiz.de/10008800217
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Cross Section Translog Production and Elasticity of Substitution in U.S. Manufacturing Industry
Krishnapillai, Sooriyakumar; Thompson, Henry - In: International Journal of Energy Economics and Policy 2 (2012) 2, pp. 50-54
This paper examines elasticity of substitution among electricity, labor and capital in U.S. manufacturing industry … categories. These elasticities indicate that capital, electricity and labor are substitutes each other. Cross price elasticities … indicate that that electricity is weak substitute to capital and labor but capital and labor are strong substitutes to …
Persistent link: https://www.econbiz.de/10010543317