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Full-Text Articles in Economics
Modeling Labor Market Policy In Developing Countries: A Selective Review Of The Literature And Needs For The Future, Gary S. Fields
Modeling Labor Market Policy In Developing Countries: A Selective Review Of The Literature And Needs For The Future, Gary S. Fields
Gary S Fields
[Excerpt] Sound labor market policy requires sound labor market models. Sound models have three characteristics. First, from a welfare economic point of view, the policy judgments are explicit, mutually consistent, and thoroughly worked out. Second, from a theoretical point of view, the models are sufficiently detailed and suitably rigorous. And third, from an empirical point of view, the models guide and are guided by solid quantitative evidence. This paper reviews models of labor markets in developing countries from both a positive and a normative point of view. The survey is selective in that it exposits only some of the more …
Employment In Low-Income Countries: Beyond Labor Market Segmentation?, Gary S. Fields
Employment In Low-Income Countries: Beyond Labor Market Segmentation?, Gary S. Fields
Gary S Fields
No abstract provided.
Overall Trade Specialization And Economic Development: Countries Diversify, Luca De Benedictis, Marco Gallegati, Tamberi Massimo
Overall Trade Specialization And Economic Development: Countries Diversify, Luca De Benedictis, Marco Gallegati, Tamberi Massimo
Luca De Benedictis
This paper provides evidence for an aspect of trade often disregarded in international trade research: countries’ sectoral export diversification. The results of our semiparametric empirical analysis show that, on average, countries do not specialize; on the contrary, they diversify. Our results are robust for different statistical indices used to measure trade specialization, for the level of sectoral aggregation, and for the level of smoothing in the nonparametric term associated with per capita income. Using a generalized additive model (GAM) with countryspecific fixed effects it can be shown that, controlling for countries’ heterogeneity, sectoral export diversification increases with income.