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Sectoral Technology and Structural Transformation

Herrendorf, Berthold; Herrington, Christopher; … - 2012

This paper assesses the importance for structural transformation of three features of sectoral technology: labor-augmenting technological progress, capital intensity, and substitutability between capital and labor. We estimate CES production functions for agriculture, manufacturing, and services...

Persistent link: https://www.econbiz.de/10010494521

The effect of educational mismatch on wages for 25 countries

Galasi, Péter - 2008

By making use of the Duncan&Hoffman model, the paper estimates returns to educational mismatch using comparable microdata for 25 European countries. Our aim is to investigate the extent to which the main empirical regularities produced by other papers on the subject are confirmed by our data...

Persistent link: https://www.econbiz.de/10010494685

Fiscal Decentralization, Redistribution and Growth

Neyapti, Bilin; Bulut-Cevik, Zeynep Burcu - 2011

governments select their tax collection effort to maximize their lifetime utility. We consider a transfer rule that both punishes … for the lack of efficiency in tax-collection and compensates for the deviation of pre-tax or transfer income from a target … accumulation the lower the rate of directed investments and the lower the tax rate. Further, efficiency in tax collection is …

Persistent link: https://www.econbiz.de/10010500177

Labor Share Fluctuations in Emerging Markets: The Role of the Cost of Borrowing

Kabaca, Serdar - 2011

This paper contributes to the literature by documenting labor income share fluctuations in emerging economies and proposing an explanation for them. We show that emerging markets differ from developed markets in terms of changes in the labor share over the business cycle. Labor share is more...

Persistent link: https://www.econbiz.de/10010500184

Litigation and Settlement under Judicial Agency

Koçkesen, Levent; Usman, Murat - 2011

We model the settlement of a legal dispute where the trial outcome depends on the behavior of a strategically motivated judge. We consider a standard asymmetric information model where the uninformed defendant makes a take it or leave it offer. If the case goes to trial, the judge decides how...

Persistent link: https://www.econbiz.de/10010500186

Truth-telling and Trust in Sender-receiver Games with Intervention

Gurdal, Mehmet Y.; Ozdogan, Ayca; Saglam, Ismail - 2011

Recent experimental studies find excessive truth-telling in strategic information transmission games with conflictive preferences. In this paper, we show that this phenomenon is more pronounced in sender-receiver games where a truthful regulator randomly intervenes. We also establish that...

Persistent link: https://www.econbiz.de/10010500188

Default Risk Premium and Aggregate Fluctuations in a Small Open Economy

Çakıcı, S. Meral - 2011

This study investigates the implications of risk premium shocks for aggregate fluctuations in a small open economy with financial and informational frictions. A dynamic, stochastic, general equilibrium framework is developed, where the informational asymmetries among the agents in the model and...

Persistent link: https://www.econbiz.de/10010500196

Estimation of Binary Choice Models with Linear Index and Dummy Endogenous Variables

Yıldız, Neşe - 2012

This paper presents computationally simple estimators for the index coefficients in a binary choice model with a binary endogenous regressor without relying on distributional assumptions or on large support conditions and yields root-n consistent and asymptotically normal estimators. We develop...

Persistent link: https://www.econbiz.de/10010500200

Identification via completeness for discrete covariates and orthogonal polynomials

Kovchegov, Yevgeniy; Yıldız, Neşe - 2012

We solve a class of identification problems for nonparametric and semiparametric models when the endogenous covariate is discrete with unbounded support. Then we proceed with an approach that resolves a polynomial basis problem for the above class of discrete distributions, and for the...

Persistent link: https://www.econbiz.de/10010500201

The Conflict Between General Equilibrium and the Marshallian Cross

Saglam, Ismail; Zaman, Asad - 2012

There is a conflict in the mechanism for price determination used in a Marshallian partial equilibrium supply and demand framework and the Walrasian general equilibrium framework. It is generally thought that partial equilibrium is a simplified approximation to the complexities of the general...

Persistent link: https://www.econbiz.de/10010500209