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Articles 1 - 25 of 25
Full-Text Articles in Economics
Financial Liberalization And Saving In Turkey, Sumru G. Altug
Financial Liberalization And Saving In Turkey, Sumru G. Altug
SUMRU G ALTUG
No abstract provided.
Challenges Of Development In 21st Century By Dr. Ruby Ojha, Professor Vibhuti Patel
Challenges Of Development In 21st Century By Dr. Ruby Ojha, Professor Vibhuti Patel
Professor Vibhuti Patel
This book makes a path-breaking contribution to encourage discourse on some of the most neglected areas in the mainstream economics. This scholarly contribution towards understanding of the macroeconomic parameters affecting development economics goes beyond economic history and examines wide range of contemporary development problems. The book provides up-to-date reference material for development economics, gender economics, International Trade and Economics of infrastructure. The scholar has examined wide range of contemporary concerns in development studies using prism of economics. She has touched specialised areas such as gender economics, environmental economics and inter-disciplinary work on social sector of the economy. International Trade and …
Decomposing The Sources Of Earnings Inequality: Assessing The Role Of Reallocation, Fredrik Andersson, Elizabeth Davis, Matthew Freedman, Julia Lane, Brian Mccall, L. Kristin Sandusky
Decomposing The Sources Of Earnings Inequality: Assessing The Role Of Reallocation, Fredrik Andersson, Elizabeth Davis, Matthew Freedman, Julia Lane, Brian Mccall, L. Kristin Sandusky
Matthew Freedman
Comparative Advantage, Scale Economy And Regional Specialization:An Empirical Analysis On China’S Industries, Zheng Lu, Xiang Deng
Comparative Advantage, Scale Economy And Regional Specialization:An Empirical Analysis On China’S Industries, Zheng Lu, Xiang Deng
Zheng Lu (Chinese: 路征)
Current empirical studies on regional specialization mainly focused on measurement of China’s overall regional specialization level, while determinants of industrial geographical distribution, namely the regional specialization pattern, are just paid few attentions. This paper analyzed the regional specialization pattern empirically by employing statistical data of China two-digit industries from 1987 to 2007 through estimating a model which takes comparative advantage and scale economy as driven factors of industrial geographical concentration. Conclusions show that the overall regional specialization of Chinese industries increased between 1987 and 2007, however, it decreased obviously in 1990s. And, scale economy rather than comparative advantage arising from …
Flexibility At The Margin And Labor Market Volatility In Oecd Countries, Hector Sala, José Ignacio Silva, Manuel Toledo
Flexibility At The Margin And Labor Market Volatility In Oecd Countries, Hector Sala, José Ignacio Silva, Manuel Toledo
José Ignacio Silva
We study the business cycle behavior of segmented labor markets with flexibility at the margin (e.g., just affecting fixed-term contracts). We present a matching model with temporary and permanent jobs where (i) there is a gap in the firing costs associated with these types of jobs, and (ii) there are restrictions in the creation and duration of fixed-term contracts. We show that a labor market with flexibility at the margin increases the unemployment volatility with respect to a fully regulated one. This analysis yields new insights into the interpretation of the recent volatility changes witnessed in the OECD area.
Ma Thesis - Migration And Development: The Development Impacts Of Short-Term Labour Migration Of Ni-Vanuatu Workers To New Zealand, Ronald R. Kumar
Ma Thesis - Migration And Development: The Development Impacts Of Short-Term Labour Migration Of Ni-Vanuatu Workers To New Zealand, Ronald R. Kumar
Dr Ronald R Kumar
The New Zealand’s Recognised Seasonal Employer (RSE) scheme is a New Zealand Government initiative that officially commenced in 2007. In this programme, five developing Pacific Island countries (PICs), namely Kiribati, Samoa, Solomon Islands, Tonga, and Vanuatu – referred to as the kick start countries, participated in short-term labour migration. The objectives of this Scheme are at least two fold. Firstly, the scheme was initiated to address seasonal labour shortage in New Zealand and second, to give employment opportunity to selected PICs. Since 2007, the RSE Scheme has undergone significant changes primarily addressing issues and concerns that emerged along the way. …
The Effect Of Treasury Auction Announcements On Interest Rates: 1990-1999, James J. Forest
The Effect Of Treasury Auction Announcements On Interest Rates: 1990-1999, James J. Forest
James J Forest
In this study we examine the secondary-market response of U.S. Treasury interest rates to both the release of pre-auction auction supply announcements and post-auction details from U.S. Treasury auctions during the period of the 1990s. Rate changes are found to differ significantly on auction days. Pre-auction announcements of auction volumes are shown to affect rates significantly, in contrast with the findings of Wachtel and Young (1987) with respect to deficit announcements. We find that surprises in the release of bid-to-cover ratios affect Treasury rates significantly, while the surprises in the volume of noncompetitive bids appears to have little affect on …
Default Risk And Collateral In The Absence Of Commitment, David C. Mills, Robert R. Reed
Default Risk And Collateral In The Absence Of Commitment, David C. Mills, Robert R. Reed
David C Mills Jr
Default risk is an important concern for lenders and is a main reason they require borrowers to pledge collateral. There are two reasons for this. The first is that collateral provides some incentive for the borrower to not strategically default. The second is that, in the event of default, the lender can liquidate the collateral and salvage some value from the failed credit relationship. This paper provides a model to study properties of allocations that arise when collateral is part of an optimal lending contract that looks much like a repurchase agreement. In particular, a lack of commitment to future …
Human Capital Formation And Economic Development In Pakistan: An Empirical Analysis, Muhammad Irfan Chani, Mahboob Ul Hassan, Muhammad Shahid
Human Capital Formation And Economic Development In Pakistan: An Empirical Analysis, Muhammad Irfan Chani, Mahboob Ul Hassan, Muhammad Shahid
Muhammad Irfan Chani
This study investigates the casual relationship between economic development and formation of human capital in Pakistan. Based on endogenous growth theory, this study empirically tests the standard growth model consisting of gross domestic product (GDP) per capita as a dependent variable and human capital formation, investment in physical capital and labor force as independent variables. Autoregressive distributive lag (ARDL) bound testing approach to cointegration is used to check the long-run equilibrium relationship between the variables included in the model. For checking the causal relationship between economic development and human capital formation, pair-wise Granger causality test is used for time series …
Dynamics Of The Current Crisis, Howard Sherman, Mike Meeropol
Dynamics Of The Current Crisis, Howard Sherman, Mike Meeropol
HOWARD J SHERMAN
Sometimes, it is useful to take a step back and remind ourselves why recessions occur and why recoveries usually follow shortly thereafter. Having done that, we can try to understand the causes of far more serious recessions and what must be done to recover. The authors point out how such severe recessions, including the Great Recession of 2007 to 2009, differ profoundly from most others
Some Socio Economic Determinants Of Fertility In Pakistan: An Empirical Analysis, Muhammad Irfan Chani, Muhammad Shahid, Mahboob Ul Hassan
Some Socio Economic Determinants Of Fertility In Pakistan: An Empirical Analysis, Muhammad Irfan Chani, Muhammad Shahid, Mahboob Ul Hassan
Muhammad Irfan Chani
This study aims to investigate the role that various socioeconomic factors like female education, urbanization and female labour force participation play in determining fertility of women in Pakistan. ARDL bound test approach to cointegration is used to analyze the long-run relationship of the variables by using the data for the period from 1980 to 2009. The empirical results show that there exists a long-run as well as short-run relationship between fertility and urbanization, female labour force participation and female education in Pakistan. The analysis indicates there is a negative relationship between all 3 determinants with fertility. Female education and urbanization …
The Urban Density Premium Across Establishments, R. Jason Faberman, Matthew Freedman
The Urban Density Premium Across Establishments, R. Jason Faberman, Matthew Freedman
Matthew Freedman
We use longitudinal micro data to estimate the urban density premium for U.S. establishments, controlling for observed establishment characteristics and dynamic establishment behavior. We find that a doubling of urban density increases the average earnings of establishments by between 6 and 10 percent. The result holds after controlling for endogeneity issues and with the use of alternative measures of density. We find strong evidence against accumulated knowledge spillovers over time at the establishment level—that is, the density premium is realized at birth and is constant over the life of establishments. We find little evidence that the endogenous entry or exit …
History Lessons: Understanding The Decline In Manufacturing, Louis D. Johnston
History Lessons: Understanding The Decline In Manufacturing, Louis D. Johnston
Louis D. Johnston
No abstract provided.
Exploring Sectoral Elasticity Vis-À-Vis Per Worker Income With A Focus To Agriculture: A Study Of Sub-Saharan Africa, Ronald R. Kumar, Radika Kumar
Exploring Sectoral Elasticity Vis-À-Vis Per Worker Income With A Focus To Agriculture: A Study Of Sub-Saharan Africa, Ronald R. Kumar, Radika Kumar
Dr Ronald R Kumar
No abstract provided.
A Colossal Muddle: Understanding Our Current Economic Woes, Louis D. Johnston
A Colossal Muddle: Understanding Our Current Economic Woes, Louis D. Johnston
Louis D. Johnston
I provide an overview of the current economic situation and show that the current recession is fundamentally different from other post-World War II downturns.
The Myth Behind Lowering Capital-Gains Taxes, Louis Johnston
The Myth Behind Lowering Capital-Gains Taxes, Louis Johnston
Louis D. Johnston
Capital gains taxation has been in the news. Contrary to popular belief, lower capital gains taxes do not spur economic growth.
Midday (Last Eichten Broadcast), Louis Johnston
Midday (Last Eichten Broadcast), Louis Johnston
Louis D. Johnston
Chris Farrell and I discussed the economic situation with Gary Eichten. This was Gary's next-to-last show; we were the warm-up act for Governor Dayton.
Governance-Default Risk Relationship And The Demand For Intermediated And Non-Intermediated Debt, Safdar Khan
Governance-Default Risk Relationship And The Demand For Intermediated And Non-Intermediated Debt, Safdar Khan
Safdar Khan
No abstract provided.
Syllabus Of Intermediate Macroeconomics (Master's Course), Reza Moosavi Mohseni Dr.
Syllabus Of Intermediate Macroeconomics (Master's Course), Reza Moosavi Mohseni Dr.
Reza Moosavi Mohseni
No abstract provided.
Dialogue Between Friedman And Keynes, Howard J. Sherman
Dialogue Between Friedman And Keynes, Howard J. Sherman
HOWARD J SHERMAN
This is an imaginary dialogue between Milton Friedman, the greatest conservative economist of the 20th century, and John Maynard Keynes, the greatest liberal economist of the 20th century.
Comment On "Is A Household Debt Overhang Holding Back Consumption?", Karen M. Pence
Comment On "Is A Household Debt Overhang Holding Back Consumption?", Karen M. Pence
Karen M. Pence
No abstract provided.
Dialogue Between Friedman And Marx On Income Inequality, Howard J. Sherman
Dialogue Between Friedman And Marx On Income Inequality, Howard J. Sherman
HOWARD J SHERMAN
Imaginary dialogue between Milton Friedman, the greatest conservative economist of the 20th century, and Karl Marx, the greatest radical economist, on income inequality.
Fiscal Decentralization And Governance, John Thornton
Fiscal Decentralization And Governance, John Thornton
John Thornton
The literature on the economics of fiscal decentralization stresses the potential for both positive and negative effects on governance in a country. Using a data set comprising sixty-four developed and developing economies and several different measures of fiscal decentralization, the authors find that countries in which a larger share of fiscal revenues and expenditures are located at the level of subnational governments appear to be less corrupt. The authors also find that the beneficial impact of fiscal decentralization on corruption is mitigated in the presence of mechanisms enforcing vertical administrative decentralization. The results indicate that fiscal decentraliza- tion appears to …
Knowledge Spillovers And The Growth Of British Cities, John Thornton, Yener Altunbas
Knowledge Spillovers And The Growth Of British Cities, John Thornton, Yener Altunbas
John Thornton
The relative importance of intra-industry or inter-industry knowledge spillovers for the growth of cities remains an open question. Using a unique data set on the growth of 109 British cities during 1951–1991, we find evidence suggesting that the most important knowledge spillovers occur between rather than within industries, which is consistent with Jacobs (1969, 1985).
An Analysis Of Different Approaches To Women Empowerment: A Case Study Of Pakistan, Amatul R. Chaudhary, Muhammad Irfan Chani, Zahid Pervaiz
An Analysis Of Different Approaches To Women Empowerment: A Case Study Of Pakistan, Amatul R. Chaudhary, Muhammad Irfan Chani, Zahid Pervaiz
Muhammad Irfan Chani