Entrepreneurship as a non-profit-seeking activity
... The existence of compensating wage and return differentials for entrepreneurship has led many observers to speculate why people undertake entrepreneurial activities. Hamilton (2000: 628), for example, sees as a plausible explanation for his results presented above that “self-employment offers signi ...
... The existence of compensating wage and return differentials for entrepreneurship has led many observers to speculate why people undertake entrepreneurial activities. Hamilton (2000: 628), for example, sees as a plausible explanation for his results presented above that “self-employment offers signi ...
the interaction of resource and labour productivity
... produce goods and services within the economy. In the past, increasing labour productivity has been the main strategy to use scarce and expensive labour more efficiently and therefore to allow for further economic growth and competitiveness. More recently, resource productivity has gained importance ...
... produce goods and services within the economy. In the past, increasing labour productivity has been the main strategy to use scarce and expensive labour more efficiently and therefore to allow for further economic growth and competitiveness. More recently, resource productivity has gained importance ...
DO ECONOMIES OF SCALE EXIST IN AUSTRALIAN LOCAL
... approach managers and engineers working within industry and seek their opinion regarding the optimal size of a plant in the long run. Having taken a sufficiently large sample, the researcher determines the ‘best-practice’ capacity of a plant for a given point in time. The obvious advantage of this t ...
... approach managers and engineers working within industry and seek their opinion regarding the optimal size of a plant in the long run. Having taken a sufficiently large sample, the researcher determines the ‘best-practice’ capacity of a plant for a given point in time. The obvious advantage of this t ...
Intellectual Property Protection: Promoting Innovation in a Global
... productive and more innovative. IP protection reduces the risks associated with innovation: an inventor takes a gamble in creating a new product, whether it is a new soda or a new semiconductor that requires immense research and development (R&D) investment. Without IP protection and the incentives ...
... productive and more innovative. IP protection reduces the risks associated with innovation: an inventor takes a gamble in creating a new product, whether it is a new soda or a new semiconductor that requires immense research and development (R&D) investment. Without IP protection and the incentives ...
This PDF is a selection from an out-of-print volume from... of Economic Research Volume Title: Studies in the Economics of Aging
... It is very likely that W2 exceeds W,, since the former is defined as earnings between ages 30 and 60 and the latter as earnings between ages 0 and 30. If so, then S , > S , , because the usual equilibrium condition is that (1 + p) = 1/6. This is the intuitive and empirically valid result that indivi ...
... It is very likely that W2 exceeds W,, since the former is defined as earnings between ages 30 and 60 and the latter as earnings between ages 0 and 30. If so, then S , > S , , because the usual equilibrium condition is that (1 + p) = 1/6. This is the intuitive and empirically valid result that indivi ...
Wage formation under low inflation by Steinar Holden
... variables must be due to money illusion that will disappear over time. However, as will become apparent below, many of the mechanisms are developed in models with rational agents, who only care about real variables. Thus, they are not subject to this critique. Other effects do hinge on money illusio ...
... variables must be due to money illusion that will disappear over time. However, as will become apparent below, many of the mechanisms are developed in models with rational agents, who only care about real variables. Thus, they are not subject to this critique. Other effects do hinge on money illusio ...
Factor Market Distortions Across Time, Space and Sectors in China
... Some of the rapid growth that China has enjoyed the last three decades has likely come from reductions in distortions that we expect to accompany the processes of economic transition and development. In this paper, we measure the impact on aggregate TFP of distortions in factor allocation across pro ...
... Some of the rapid growth that China has enjoyed the last three decades has likely come from reductions in distortions that we expect to accompany the processes of economic transition and development. In this paper, we measure the impact on aggregate TFP of distortions in factor allocation across pro ...
Michael
... commercial policy over time in order to move in an optimal manner from a policy that grants substantial protection to imnort competing industries to a policy of free trade. ...
... commercial policy over time in order to move in an optimal manner from a policy that grants substantial protection to imnort competing industries to a policy of free trade. ...
research paper series Research Paper 2003/16 Factor Price Frontiers with International
... industry’s domestic factor demand is altered. If a very labour-intensive stage is moved abroad, domestic production will become more capital-intensive. It is unclear, a priori, whether the outcome of these two effects is higher wages or higher returns to other factors, possibly even at the expense o ...
... industry’s domestic factor demand is altered. If a very labour-intensive stage is moved abroad, domestic production will become more capital-intensive. It is unclear, a priori, whether the outcome of these two effects is higher wages or higher returns to other factors, possibly even at the expense o ...
Multidimensional Measures of Well-Being: Standard of Living and
... nation of ‘‘functionings’’ and/or ‘‘capabilities’’ indicators within the meaning of freedoms. They are result indicators that refer to output within a transformation system of ‘‘commodities,’’ as Sen suggests. SL involves nine indicators in three domains (education, health, and material well-being). ...
... nation of ‘‘functionings’’ and/or ‘‘capabilities’’ indicators within the meaning of freedoms. They are result indicators that refer to output within a transformation system of ‘‘commodities,’’ as Sen suggests. SL involves nine indicators in three domains (education, health, and material well-being). ...
HB 727 Department of Legislative Services
... contractors may absorb some of the cost of paying higher prevailing wages in order to remain competitive in government procurement. ...
... contractors may absorb some of the cost of paying higher prevailing wages in order to remain competitive in government procurement. ...
99 MEASURING ECONOMIC GLOBALIZATION – FACTS AND
... View, People, Environment, Economy, States and Markets, and Global Links. As regard to economic globalization the World Bank assesses a country's integration with the world economy on the basis of indicators like: indicators of the international commodity exchange, private capital flows and foreign ...
... View, People, Environment, Economy, States and Markets, and Global Links. As regard to economic globalization the World Bank assesses a country's integration with the world economy on the basis of indicators like: indicators of the international commodity exchange, private capital flows and foreign ...
NBER WORKING PAPER SERIES FINANCIAL FRICTIONS AND THE PERSISTENCE OF HISTORY:
... Washington University in St. Louis 1 Brookings Dr Saint Louis, MO 63130 [email protected] ...
... Washington University in St. Louis 1 Brookings Dr Saint Louis, MO 63130 [email protected] ...
Infrastructure and Social Welfare in Metropolitan America
... Aschauer’s study was immediately controversial. Because national time-series data tend to rise and fall together, skeptical researchers immediately focused on the statistical properties of his model (Hulten and Schwab 1991). Subsequently, the use of widely accepted statistical techniques eliminated ...
... Aschauer’s study was immediately controversial. Because national time-series data tend to rise and fall together, skeptical researchers immediately focused on the statistical properties of his model (Hulten and Schwab 1991). Subsequently, the use of widely accepted statistical techniques eliminated ...
The Cost of Failing States - General Guide To Personal and
... Consensus of 2000. Just as some OECD states are failing to provide the level of aid judged to be adequate for poverty reduction, so some governments of low-income countries are failing to provide policies and governance judged to be adequate and this failing inflicts avoidable poverty on their citiz ...
... Consensus of 2000. Just as some OECD states are failing to provide the level of aid judged to be adequate for poverty reduction, so some governments of low-income countries are failing to provide policies and governance judged to be adequate and this failing inflicts avoidable poverty on their citiz ...
The Implications of Wage Structure Rigidity on Human Capital
... the competitive process by which entrepreneurs are always looking for new ideas that will render their rivals` ideas obsolete. I present a model in which the rate of economic growth is sensitive to the interactions between relative wage and human capital accumulation. Human capital is an important s ...
... the competitive process by which entrepreneurs are always looking for new ideas that will render their rivals` ideas obsolete. I present a model in which the rate of economic growth is sensitive to the interactions between relative wage and human capital accumulation. Human capital is an important s ...
How to Negotiate and Update Climate Agreements
... have small bargaining power relative to the countries that are more tempted to walk away from the negotiation table. With these expectations, I prefer my country to invest less in technology today since I do not want my country to “pay” more than necessary for an international agreement. If, instead ...
... have small bargaining power relative to the countries that are more tempted to walk away from the negotiation table. With these expectations, I prefer my country to invest less in technology today since I do not want my country to “pay” more than necessary for an international agreement. If, instead ...
Quality of Labor, Capital, and Productivity Growth in Japan
... capital. Scholars are of the opinion that certain types of technological progress are embodied in capital and contribute to productivity growth. Among the popular frameworks for investigating embodied technological change is to capture decay of capital by estimating ages of production facilities. A ...
... capital. Scholars are of the opinion that certain types of technological progress are embodied in capital and contribute to productivity growth. Among the popular frameworks for investigating embodied technological change is to capture decay of capital by estimating ages of production facilities. A ...
Economic Round - Slowing productivity growth
... some time for new innovations to be converted to production methods, which then must be taken up by many businesses or individuals to affect national productivity performance in a substantial way. This means that a given innovation, leading to new technology, will have variable impacts on production ...
... some time for new innovations to be converted to production methods, which then must be taken up by many businesses or individuals to affect national productivity performance in a substantial way. This means that a given innovation, leading to new technology, will have variable impacts on production ...
Classification of Expenditures on the GDP
... All countries will need to use information from a number of more or less reliable sources. A supply and use table is a good framework for checking and adjusting data coming from ...
... All countries will need to use information from a number of more or less reliable sources. A supply and use table is a good framework for checking and adjusting data coming from ...
1 Hume`s specie-flow mechanism and the 16 century price
... This is an idealization, but when Adam Smith (1776), Book IV, chapter III, points out that what is relevant is not a wrong balance of trade, even if a nation imports more than it exports for half a century, and contracts increasing debts with other nations –as long as its wealth increases in greater ...
... This is an idealization, but when Adam Smith (1776), Book IV, chapter III, points out that what is relevant is not a wrong balance of trade, even if a nation imports more than it exports for half a century, and contracts increasing debts with other nations –as long as its wealth increases in greater ...
Concept, Measurement, and Ideology of “National Competitiveness” 1 Tamás Szentes
... world economic position is mainly shaped by longer-run effects and alterations of domestic and international circumstances, while the market competitiveness of their enterprises depends rather on contemporary or shorter-term ones. However, their interrelationship manifests itself not only in a posit ...
... world economic position is mainly shaped by longer-run effects and alterations of domestic and international circumstances, while the market competitiveness of their enterprises depends rather on contemporary or shorter-term ones. However, their interrelationship manifests itself not only in a posit ...
Causes and Consequences of the Financial Crisis and
... the counterpart current account deficit countries in the second regime. These problems may then finally undermine the sustainability of these regimes and lead to financial and economic crises. Therefore, it is concluded that neither the ‘debt-led consumption’ nor the ‘export-led mercantilist’ regime ...
... the counterpart current account deficit countries in the second regime. These problems may then finally undermine the sustainability of these regimes and lead to financial and economic crises. Therefore, it is concluded that neither the ‘debt-led consumption’ nor the ‘export-led mercantilist’ regime ...
Conditional Convergence and the Solow Model: an Empirical Study
... towards the level of the rich and possibly overtake them, as mentioned earlier. The model also implies that the rate of return on capital is lower in countries with a higher ratio of capital per worker, thus it seems fair to say that capital should flow from the rich countries to the poor ones. This ...
... towards the level of the rich and possibly overtake them, as mentioned earlier. The model also implies that the rate of return on capital is lower in countries with a higher ratio of capital per worker, thus it seems fair to say that capital should flow from the rich countries to the poor ones. This ...
Globalization
... on the amount of a particular currency that can be bought or sold that can affect international trade Some countries promote international trade through free trade zones, which are multinational economic communities that eliminate trade barriers Balance of Trade: The difference in value between ...
... on the amount of a particular currency that can be bought or sold that can affect international trade Some countries promote international trade through free trade zones, which are multinational economic communities that eliminate trade barriers Balance of Trade: The difference in value between ...