Analysts often are interested in learning how much an exchange system has changed over time or how two different exchange systems differ. Identifying structural difference in exchange matrices can be performed using either 'directed' or 'undirected' methods. Directed methods are based on the...

Traditional IO techniques have been used and applied in detail to the case of the Chinese economy with a view to describing and analysing the gradual, albeit radical, transformation of the Chinese industrial fabric since the beginning of the economic reforms. Using a Biproportional Filter, our...

The main purpose of this paper is to develop a new kind of input-output multiplier that would be particularly well suited to quantifying the impacts of final demand changes on the sectoral output growth potential of an economy. Instead of using the traditional output multipliers, solving an...

This study provides a unified growth theory to correctly predict the initially negative and subsequently positive relationship between child mortality and net reproduction observed in industrialized countries over the course of their demographic transitions. The model captures the intricate...

This paper investigates the stationarity of the Federal Funds Rate. It contributes to the existing empirical literature in two ways. First, it explores both the presence of unit root and structural changes in the federal funds rate monthly data, by allowing for interaction between these two...

The connection between average sectoral income, occupational choice and structural change has so far only been described vaguely for sectors dominated by small enterprises. Taking agriculture as an example, we first develop a theoretical model in which we explain the decision to take over a farm...

Genetically modified (GM) cotton varieties have changed many aspects of cotton production in the United States. The advent of GM varieties has fueled the ongoing trend of increasing farm size and fewer farmers. Mississippi is no exception to this trend. The rapid adoption of GM cotton varieties...

Genetically modified (GM) cotton varieties have changed many aspects of cotton production in the United States. The rapid adoption of GM cotton varieties in Mississippi has allowed producers to alter certain production practices because of added benefits gained from GM varieties. This study...

We analyze the optimal dynamic scale and structure of a two-sector-economy, where each sector produces one consumption good and ons specific pollutant. Both pollutants accumulate at different rates to stocks which damage the natural environment. This acts as a dynamic driving force for the...