Official PDF , 26 pages
... (1994) present evidence that unions improve the distribution of income and reduce discrimination against women and ethnic minorities. Other evidence (Standing 1992) indicates that unions can help raise productivity and improve competitiveness. This article does not address the question of whether un ...
... (1994) present evidence that unions improve the distribution of income and reduce discrimination against women and ethnic minorities. Other evidence (Standing 1992) indicates that unions can help raise productivity and improve competitiveness. This article does not address the question of whether un ...
13 Economic Development and Regeneration
... • Second some apparent changes in growth may in fact stem from currency movements against the dollar. • Third, over a period of time the labour force may work fewer hours in a week. • Fourth, GNP per capita figures are an average. They may disguise the fact that there are large differences in income ...
... • Second some apparent changes in growth may in fact stem from currency movements against the dollar. • Third, over a period of time the labour force may work fewer hours in a week. • Fourth, GNP per capita figures are an average. They may disguise the fact that there are large differences in income ...
Evaluate the effects of saving ratio on different growth
... i) This work is about different growth models (Solow, Ramsey and endogenous technology and human capital models in New Growth theory). ii) Empirical success usually evaluated by how well it fits stylised facts. iii) Economic growth as a bad proxy for welfare? Inequality, sustainability should also b ...
... i) This work is about different growth models (Solow, Ramsey and endogenous technology and human capital models in New Growth theory). ii) Empirical success usually evaluated by how well it fits stylised facts. iii) Economic growth as a bad proxy for welfare? Inequality, sustainability should also b ...
husted_intlecon9_ppt_04
... • When trade begins at a world price p0, A’s production of S rises to its complete specialization level and A exports what it does not consume. In country B, production of S falls to zero and its imports of S increase. • Due to excess demand at p0, the world price will rise and consumption in both c ...
... • When trade begins at a world price p0, A’s production of S rises to its complete specialization level and A exports what it does not consume. In country B, production of S falls to zero and its imports of S increase. • Due to excess demand at p0, the world price will rise and consumption in both c ...
Financial instability in Latin America Sebastian Edwards 5
... in GDP, has for years been a recurrent theme in the emerging markets’ economics literature. This possibility, which contradicts the implications of macroeconomic models of the Mundell-Fleming tradition, was suggested early on by Hirshman (1949), and was further elaborated by Diaz Alejandro (1965) in ...
... in GDP, has for years been a recurrent theme in the emerging markets’ economics literature. This possibility, which contradicts the implications of macroeconomic models of the Mundell-Fleming tradition, was suggested early on by Hirshman (1949), and was further elaborated by Diaz Alejandro (1965) in ...
Abstracts of Papers in MS-Words
... capita GDP growth rate. We will consider the ``local home environment externality" conceptualized by Galor and Tsiddon (1997a). Then, aggregate human capital in our model can augment automatically with births of new agents, which effect has been neglected in the endogenous growth literature. Th ...
... capita GDP growth rate. We will consider the ``local home environment externality" conceptualized by Galor and Tsiddon (1997a). Then, aggregate human capital in our model can augment automatically with births of new agents, which effect has been neglected in the endogenous growth literature. Th ...
international trade - Strojnícka fakulta TUKE
... factors of production such as capital and labor are typically more mobile within a country than across countries. International trade allows us to expand our markets for both goods and services that otherwise may not have been available to us. As a result of international trade, the market contains ...
... factors of production such as capital and labor are typically more mobile within a country than across countries. International trade allows us to expand our markets for both goods and services that otherwise may not have been available to us. As a result of international trade, the market contains ...
How do EU-15 Member States Benefit from the Cohesion Policy in
... (Dynamic Stochastic General Equilibrium) methodology. The main agents which are present the model are the household, firms, government and foreign sector. All agents optimize an objective function (firms maximize profits, the household maximizes utility from consumption), while taking into account t ...
... (Dynamic Stochastic General Equilibrium) methodology. The main agents which are present the model are the household, firms, government and foreign sector. All agents optimize an objective function (firms maximize profits, the household maximizes utility from consumption), while taking into account t ...
PDF
... characteristics such as longer shelf life or improved taste. For example, due to stronger interest groups, it is also likely US consumer may have a greater ability to internalize positive environmental benefits such as decreased pesticide use – or, put simply, might like new technologies. European c ...
... characteristics such as longer shelf life or improved taste. For example, due to stronger interest groups, it is also likely US consumer may have a greater ability to internalize positive environmental benefits such as decreased pesticide use – or, put simply, might like new technologies. European c ...
Free Trade versus Infant Industry Promotion
... advocated mainly by J. B. Brigden. He argued that primary commodities, in which Australia had comparative advantage, exhibited decreasing returns. Specializing in them would result in higher costs at home and depressed prices abroad, thus reducing the real income of the Australian people. Moreover, ...
... advocated mainly by J. B. Brigden. He argued that primary commodities, in which Australia had comparative advantage, exhibited decreasing returns. Specializing in them would result in higher costs at home and depressed prices abroad, thus reducing the real income of the Australian people. Moreover, ...
north-south dialogue revisited: problems and prospects for a
... library research and content analysis. The South’s contention is that its underdevelopment is a result of several years of slavery, colonialism, imperialism and exploitation. Efforts to move towards development had always been frustrated by the North. This, many claim has been responsible for the th ...
... library research and content analysis. The South’s contention is that its underdevelopment is a result of several years of slavery, colonialism, imperialism and exploitation. Efforts to move towards development had always been frustrated by the North. This, many claim has been responsible for the th ...
View/Open
... comparative advantage on the basis of labour productivity alone (Sen, 2005). The H-O model was followed by the factor endowment, factor price equalisation, as well as the Stolper and Samuelson theories. However, the fundamental assumptions of the classical and neo-classical trade theories were not c ...
... comparative advantage on the basis of labour productivity alone (Sen, 2005). The H-O model was followed by the factor endowment, factor price equalisation, as well as the Stolper and Samuelson theories. However, the fundamental assumptions of the classical and neo-classical trade theories were not c ...
Economics
... By demanding that a dispute between Venezuela and Great Britain be sent to arbitration, the United States defended the validity of the Monroe Doctrine. (Arbitration is the settlement of a dispute by a person or panel chosen to listen to both sides and come to a decision.) The British government ba ...
... By demanding that a dispute between Venezuela and Great Britain be sent to arbitration, the United States defended the validity of the Monroe Doctrine. (Arbitration is the settlement of a dispute by a person or panel chosen to listen to both sides and come to a decision.) The British government ba ...
Stephen L. Parente Edward C. Prescott Working
... firms in the economy each of which employs N units of labor at each date. Given that we assume all firms begin with the same technology level A0 and ...
... firms in the economy each of which employs N units of labor at each date. Given that we assume all firms begin with the same technology level A0 and ...
chapter 8: global stratification
... 3. Identify at least three if the richest countries and three of the poorest countries on the globe. Describe the general characteristics of the poorest and wealthiest countries. 4. Discuss how the economic structure of the U.S. has been changing, and how this has impacted production globally. Explo ...
... 3. Identify at least three if the richest countries and three of the poorest countries on the globe. Describe the general characteristics of the poorest and wealthiest countries. 4. Discuss how the economic structure of the U.S. has been changing, and how this has impacted production globally. Explo ...
Chapter 33 International trade and commercial policy
... • Trade offers benefits when there are international differences in the opportunity cost of goods. • Opportunity cost of a good – the quantity of other goods sacrificed to make one more unit of that good ...
... • Trade offers benefits when there are international differences in the opportunity cost of goods. • Opportunity cost of a good – the quantity of other goods sacrificed to make one more unit of that good ...
Lecture 12
... Lucas describes the situation for different values of σ by the following: ‘As we learn how to produce computers more and more cheaply, then, we can substitute in their favor and consume more calculations and fewer potatoes (σ>1), or we can use this benefit to release resources from computer producti ...
... Lucas describes the situation for different values of σ by the following: ‘As we learn how to produce computers more and more cheaply, then, we can substitute in their favor and consume more calculations and fewer potatoes (σ>1), or we can use this benefit to release resources from computer producti ...
Session 3: Trade as an engine of growth, by Witada Anukoonwattaka
... Comparative advantage is driven by differences in relative resource endowments In the absence of trade, relative shortage or abundance of some resources (inputs) can lead to differences in the prices of inputs as well as outputs and these in turn create incentives to trade [idea of labour-rich count ...
... Comparative advantage is driven by differences in relative resource endowments In the absence of trade, relative shortage or abundance of some resources (inputs) can lead to differences in the prices of inputs as well as outputs and these in turn create incentives to trade [idea of labour-rich count ...
Relative Factor Abundance and Trade
... overlooked that Trefler’s weights depend on the size of the factor content. Therefore, the improvement is driven by the above-average performance of the six biggest industrial nations. At the same time, the weighting reveals the below-average performance of the countries for which endowment-driven t ...
... overlooked that Trefler’s weights depend on the size of the factor content. Therefore, the improvement is driven by the above-average performance of the six biggest industrial nations. At the same time, the weighting reveals the below-average performance of the countries for which endowment-driven t ...
NBER WORKING PAPER SERIES RIDING THE WAVE OF TRADE:
... This paper brings a fresh coat to shopworn questions in political economy: what explains the adoption of labor legislation across a large and disparate group of countries in a brief time span before 1914, and why did the Old World see more intervention than the New, a phenomenon that has persisted i ...
... This paper brings a fresh coat to shopworn questions in political economy: what explains the adoption of labor legislation across a large and disparate group of countries in a brief time span before 1914, and why did the Old World see more intervention than the New, a phenomenon that has persisted i ...
The Evolution of Germany`s Net Foreign Asset Position
... Germany also suffered substantial losses on portfolio investments in fixed-interest securities – more than 8% of GDP since 2006 (Figure 5, Appendix A). Together with an approximate 8% loss on equity securities, the total German net valuation losses of over 20% can largely be traced back to portfolio ...
... Germany also suffered substantial losses on portfolio investments in fixed-interest securities – more than 8% of GDP since 2006 (Figure 5, Appendix A). Together with an approximate 8% loss on equity securities, the total German net valuation losses of over 20% can largely be traced back to portfolio ...
Trade Strategy and the Dependency Hypothesis: A Comparison of
... Applied specifically to Latin America by the dependency theorists, this theory became an ideology and the basis for official policy in the 1970s and was predicated on import substitution and a hostile attitude toward foreign investment. Import-substituting industrialization attempts to generate weal ...
... Applied specifically to Latin America by the dependency theorists, this theory became an ideology and the basis for official policy in the 1970s and was predicated on import substitution and a hostile attitude toward foreign investment. Import-substituting industrialization attempts to generate weal ...
International Economics, 8e (Krugman)
... Answer: Good. Yes, if you define dumping as selling abroad at a price lower than domestically. No, if by dumping you mean selling below marginal cost. No-this is not being done in order to capture market shares, but rather is "mere" static profit maximization behavior, as is expected of any self-res ...
... Answer: Good. Yes, if you define dumping as selling abroad at a price lower than domestically. No, if by dumping you mean selling below marginal cost. No-this is not being done in order to capture market shares, but rather is "mere" static profit maximization behavior, as is expected of any self-res ...
The Long-Term Impact of Trade with Firm Heterogeneity
... explores welfare effects in the case the productivity distribution of firms is positively affected by knowledge spillovers. The resulting dynamic selection introduces a new source of gains from trade previously unexplored. My work can be seen as complementary to his in that, acknowledging the value ...
... explores welfare effects in the case the productivity distribution of firms is positively affected by knowledge spillovers. The resulting dynamic selection introduces a new source of gains from trade previously unexplored. My work can be seen as complementary to his in that, acknowledging the value ...
Chapter 1
... company. The gasoline could have been made from oil pumped out of a well off the coast of Africa by a French oil company that transported it to the United States in a ship owned by a Greek shipping line. While driving to work, the American might talk to her stockbroker (using a headset) on a Apple i ...
... company. The gasoline could have been made from oil pumped out of a well off the coast of Africa by a French oil company that transported it to the United States in a ship owned by a Greek shipping line. While driving to work, the American might talk to her stockbroker (using a headset) on a Apple i ...
International factor movements
In international economics, international factor movements are movements of labor, capital, and other factors of production between countries. International factor movements occur in three ways: immigration/emigration, capital transfers through international borrowing and lending, and foreign direct investment. International factor movements also raise political and social issues not present in trade in goods and services. Nations frequently restrict immigration, capital flows, and foreign direct investment.