Directory UMM :Data Elmu:jurnal:E:Economics of Education Review:Vol20.Issue3.2001:
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Motivated by Feder’s two-sector model concerning exports and growth, this article intends to propose a dynamic framework, which bases on the production function theory and consists
The main results obtained are: sector-specific migration of labor may raise domestic welfare, while with capital accumulation such migration necessarily raises the relative price of
The policy parameters, the annual money growth rate (or the inflation tax rate) p˙ ( 5 ( z 2 1)/5), and capital gains tax rate t , are calibrated so that the model can predict how
(The fact that they are self-financing means that each investment opportunity also involves a short position in some benchmark, such as cash, which is used to finance the
Although a more complete discussion of the impacts of the various assumptions would have made the chapter better, the current contents of this chapter should be useful both
Using both conventional ADF tests and Perron’s (1997) sequential tests for unit roots with endogenously determined trend breaks to investigate Carlino and Mills’ (1993) notion
It is possible that if Weber had estimated Okun’s coefficient from a dynamic regression equation by including the impact coefficient, these estimates would have been close to
As a welfare analysis of foreign investment policies, this article introduces to this literature the notion that asymmetric information about the true productivity of imported
