This paper explores the macro effects of monetary policy in a Schumpeterian growth model with an endogenous market structure and distinct cash-in-advance (CIA) constraints on consumption, production, and two distinct types of R&D investment - in-house R&D and entry investment. We show that the...

This paper considers leisure externalities in a Lucas (1988) type model in which physical and human capital are necessary inputs in both sectors. In spite of a non-concave utility, the balanced growth path is always unique in our model which guarantees global stability for comparative-static...

This paper studies the optimal factor tax incidence in a standard two-sector, human capital-based endogenous growth model elucidated by Lucas (1988). Capital income taxes generate dynamic inefficiency for capital accumulation and labor income taxes create dynamic inefficiency for human capital...

We construct a Kolmogorov-Smirnov test for the null hypothesis that the conditional average treatment effect is non-negative conditional on every possible value of the covariates. The null hypothesis can be characterized as a conditional moment inequality under the unconfoundedness assumption,...

台灣實質薪資水準於近十多年來近乎停滯狀態。2001年的薪資還與韓國相當,月薪大約1300美元左右，到2011年台灣薪資停留1477美元的水準，而韓國則已經高達2738美元, 幾乎是台灣的兩倍。若考慮物價水準的趨勢變化,...

總額預算制度是一種讓醫療院所替代健保局來承擔財務風險，以舒緩健保財務壓力的制度設計。 總額預算制度的成敗與醫療院所衝量風氣強弱息息相關，同儕制約精神被不少學界、醫界人士認為是抑...

本文運用2005年到2011年Forbes...

Heckman’s (1976, 1979) sample selection model has been employed in many studies of linear or nonlinear regression applications. It is well known that ignoring the sample selectivity problem may result in inconsistency of the estimator due to the correlation between the statistical errors in...

In this paper we explore the effects of monetary policy on the number of firms, firm market size, ination and growth in a Schumpeterian growth model with endogenous market structure and cash-in-advance (CIA) constraints on two distinct types of R&D investment - in-house R&D and entry investment....

Many authors have estimated and found that the productivity growth in agriculture was higher than that in non-agriculture in today’s richest countries. Several papers suggested that growth in agricultural productivity was essential for today’s richest countries to take off early. However,...