In response to income fluctuations, households smooth consumption by substituting between market expenditure and time inputs. This paper provides evidence of this substitution in the context of food consumption over transitory and permanent income fluctuations in Mexico. Household time...

Das Agentenbasierte Agrarsektormodell SWISSland erhebt den Anspruch, Strukturwandelprozesse in der Schweizer Landwirtschaft möglichst realitätsnah zu beschreiben. Dieser Beitrag zeigt, dass Hofübernahme- und -aufgabeentscheidungen und dessen Auswirkungen auf den strukturellen Wandel in der...

Studies which are based on Coe and Helpman (1995) and use weighted foreign R&D variables to estimate channel-specific R&D spillovers disregard the interaction between international R&D spillovers and other unobserved common spillovers and shocks. Using a panel of 50 economies from 1970-2011, we...

This paper explores the impacts of more rapid growth in labor productivity in the service sector in Asia based on an empirical general equilibrium model. The model allows for input–output linkages and capital movements across industries and economies, and consumption and investment...

This paper explores the impacts of more rapid growth in labor productivity in the service sector in Asia based on an empirical general equilibrium model. The model allows for input–output linkages and capital movements across industries and economies, and consumption and investment...

Despite of the fact that poverty is one of the major issues concerning policy makers, it has received less attention with respect to its linkages with services sector growth. In this research study, an attempt was made to quantitatively explore the nexus between growth in services sector of...

Africa experienced a wave of democratization over the past 20 years and this increase in democracy, we find, positively and significantly affects income per capita. Our dynamic panel data results suggest that countries only slowly converge to their long-run income values as predicted by current...

This study set out to investigate whether it is possible to simultaneously achieve internal and external economic stability objectives and to examine the impact of economic stability on economic growth. A model of simultaneous relation was formulated and identified. Data covering 1970 –...

There is disagreement about whether large and complex financial institutions should be allowed to use US bankruptcy law to reorganise when they get into financial difficulty. We look at the events surrounding the Lehman Brothers bankruptcy filing for lessons as to whether bankruptcy law could be...

This article offers an analytic overview of India's achievements to date, what its future prospects are, what its rise means to the global economy in the next fifteen years and what challenges India faces in terms of future reforms. The article begins by presenting a summary of the country's...