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the effects of migration on the accumulation of both knowledge and human capital, by invoking endogenous growth theory …
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in capital price and levels of aggregate investment and output. I present a model economy where the industry-level policy …-related investment cost is uncertain. Holding the average one-period investment cost constant, policy uncertainty leads to a higher … capital price and subsequently to lower levels of long-run aggregate investment and output. Policy uncertainty also makes …
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In this chapter, we provide an overview of the relationship between international migration and international trade as well as capital movements. We start out by identifying key issues through a brief comparison between modern migration and the mass migration of the nineteenth century, followed...
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I present a model economy where policy uncertainty creates short-term bias in investment and leads to a higher capital … price and lower long-run investment and output. I conduct a calibration exercise using a set of industry-level investment … capital price and investment-level differences by a factor of about 3 and for the output-level difference by a factor of about …
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the effects of migration on the accumulation of both knowledge and human capital, by invoking endogenous growth theory …
Persistent link: https://www.econbiz.de/10013098128