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Survey of literature on PPP up to July 2000. Includes a geogetric analysis of PPP theory, issues related to deviations from parity and an examination of empirical evidence on PPP.
Persistent link: https://www.econbiz.de/10005515584
Persistent link: https://www.econbiz.de/10005515585
Using an immigrant assimilation framework, this paper develops a model of the occupational mobility of immigrants and tests the hypotheses using data on adult males from the Longitudinal Survey of Immigrants to Australia. The theoretical model generates hypotheses regarding a U-shaped pattern of...
Persistent link: https://www.econbiz.de/10005515586
Building on purchasing power parity theory, this paper proposes a new approach to forecasting exchange rates using the Big Mac data from The Economist magazine. Our approach is attractive in three aspects. Firstly, it uses easily-available Big Mac prices as input. These prices avoid several...
Persistent link: https://www.econbiz.de/10005515587
Regional unemployment disparities are widely observed, appear to persist through time and are often a reason for concern on the part of both regional and national governments. This paper constructs a small two-region general-equilibrium model and uses it to assess the effectiveness of...
Persistent link: https://www.econbiz.de/10005515588
The seminal work of Freebairn, Davis and Edwards (FDE, 1982) showed that in a multistage production system, research that reduces production costs at one stage provides benefits to producers at all stages and to consumers. This work assumed a partial equilibrium environment, while producers...
Persistent link: https://www.econbiz.de/10005515589
This paper illustrates a new technique to measure the effect of export demand on the conventional TFP growth index at the industry level. We apply the technique to Singapore’s electronics industry and find that rapid growth in exports accounts for most of the TFP growth in this industry.
Persistent link: https://www.econbiz.de/10005515590
This paper aims to compare the labour market effects of two alternative retirement income polices: the superannuation guarantee; and the higher income taxes that would be required to fund the greater pension expenditure that would be incurred if the superannuation guarantee was removed. The labour...
Persistent link: https://www.econbiz.de/10005515591
Because it takes more than one ton of coal to smelt a similar quantity of minerals, and because coal is weight for weight less valuable than the mineral, it makes good logistical and economic sense to transport the mineral to the coal rather than vice versa. Yet in the 19th century at the Burra...
Persistent link: https://www.econbiz.de/10005515592
The Doha ministerial declaration commits industrialised countries to liberalising access for least-developed countries (LDCs) to their markets. Preferential trade policies have diverse impacts on the initiating country and its trading partners. These effects are of concern to scholars and policy...
Persistent link: https://www.econbiz.de/10005515593