Chapter 4
... factors of production = labor and land). 2. The amount of labor services and land varies across countries, and this variation influences productivity. 3. The supply of labor services and land in each country is constant. 4. Only two goods are important for production and consumption: cloth and food. ...
... factors of production = labor and land). 2. The amount of labor services and land varies across countries, and this variation influences productivity. 3. The supply of labor services and land in each country is constant. 4. Only two goods are important for production and consumption: cloth and food. ...
Import Price-Elasticities: Reconsidering the Evidence
... The new trade theory shows that elasticities of substitution and import price elasticities tend to be equal in industries producing large numbers of varieties [see Helpman and Krugman, 1985]. Assuming that this is the case, very recent empirical studies suggest significantly higher price-elasticitie ...
... The new trade theory shows that elasticities of substitution and import price elasticities tend to be equal in industries producing large numbers of varieties [see Helpman and Krugman, 1985]. Assuming that this is the case, very recent empirical studies suggest significantly higher price-elasticitie ...
Economics Department
... However defined, net benefits b = (B - C) to the host country must be analyzed in a dynamic context, as a stream of b over time, b(t). But, there are alternative streams, depending on the industrial impact of the FDI, b(t, A), where A stands for a bundle of allocations (like FDI in basic industries ...
... However defined, net benefits b = (B - C) to the host country must be analyzed in a dynamic context, as a stream of b over time, b(t). But, there are alternative streams, depending on the industrial impact of the FDI, b(t, A), where A stands for a bundle of allocations (like FDI in basic industries ...
Ecological Economics
... economic growth 2. Weak sustainability assumes that different forms of capital are substitutable with one another, ...
... economic growth 2. Weak sustainability assumes that different forms of capital are substitutable with one another, ...
Choice of Technique
... and towns, not in big cities. These workplaces should be involve low cost and minimum inputs, particularly the capital. Methods of production should be simple so that the demand for ‘Higher Skills’ or highly educated persons is kept low. Production should largely be based upon local materials and lo ...
... and towns, not in big cities. These workplaces should be involve low cost and minimum inputs, particularly the capital. Methods of production should be simple so that the demand for ‘Higher Skills’ or highly educated persons is kept low. Production should largely be based upon local materials and lo ...
Opportunity Cost - Should LeBron James Mow his own
... Assume LeBron is both a great basketball player and a great lawn mower. However, LeBron has a young neighbor named Scotty who is willing to mow his lawn. Consider the following facts: LeBron can mow his lawn in two hours. He could also film a Nike commercial in two hours and make $10,000. So, what i ...
... Assume LeBron is both a great basketball player and a great lawn mower. However, LeBron has a young neighbor named Scotty who is willing to mow his lawn. Consider the following facts: LeBron can mow his lawn in two hours. He could also film a Nike commercial in two hours and make $10,000. So, what i ...
barriers to trade
... – However, tariffs and export subsidies might have perverse effects on internal prices (Metzler paradox). – A tariff might improve a (large) country’s terms of trade so much that even after tariff is added, the internal relative price of imported goods would fall. – Similar perverse effect may arise ...
... – However, tariffs and export subsidies might have perverse effects on internal prices (Metzler paradox). – A tariff might improve a (large) country’s terms of trade so much that even after tariff is added, the internal relative price of imported goods would fall. – Similar perverse effect may arise ...
Does China`s Trade Expansion Help African Development? - Hal-SHS
... role in SSA, I am not willing to involve too many countries to give readers the impression that I am doing a comparative study. Second, as I have checked, the econometric tests on them with the same models give rise to results similar to those obtained for the USA and France. ...
... role in SSA, I am not willing to involve too many countries to give readers the impression that I am doing a comparative study. Second, as I have checked, the econometric tests on them with the same models give rise to results similar to those obtained for the USA and France. ...