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Full-Text Articles in Economics
Unemployment And Economic Integration For Developing Countries, Haiwen Zhou
Unemployment And Economic Integration For Developing Countries, Haiwen Zhou
Economics Faculty Publications
While financial or trade integration between countries may increase the size of the market and aid the adoption of more advanced technologies, will it also increase the level of urban unemployment for a developing country? In this model, there is unemployment in the urban sector. Manufacturing firms engage in oligopolistic competition and choose increasing returns technologies to maximize profits. Financial firms provide capital to manufacturing firms and they also engage in oligopolistic competition. We show that an increase in the wage rate in the manufacturing sector changes neither the level of technology nor the level of employment in the manufacturing …
International Trade With Increasing Returns In The Transportation Sector, Haiwen Zhou
International Trade With Increasing Returns In The Transportation Sector, Haiwen Zhou
Economics Faculty Publications
In this general equilibrium framework, the transportation sector is modeled as a distinct sector with increasing returns. A more advanced technology has a higher fixed cost but a lower marginal cost of production. Even with both manufacturing firms and transportation firms engaged in oligopolistic competition and optimally choosing their technologies, the model is tractable and results are derived analytically. Technology adoptions in the manufacturing sector and transportation sector are reinforcing, and multiple equilibria may exist. Firms choose more advanced technologies and the prices decrease when the size of the population is larger.
The Impacts Of In-State Procurement Preference Policies On The Economy Of South Carolina, Sawsan A. Abutabenjeh
The Impacts Of In-State Procurement Preference Policies On The Economy Of South Carolina, Sawsan A. Abutabenjeh
School of Public Service Theses & Dissertations
This research examined the impact of South Carolina's in-state preference policies on the economy of the state. To achieve this purpose, the research sought to answer the question: what are the impacts of implementing the in-state procurement preference policies on the economy of the state of South Carolina? The question was answered by using seven economic indicators: jobs, personal income, real disposable income, output (sales), Gross State Product (GSP), value added and state's population. The data related to the in-state preference policies were collected from the South Carolina Procurement Services Office. The data was then analyzed using the Regional Economic …
Intra-Firm Specialization, Income Distribution, And International Trade, Haiwen Zhou
Intra-Firm Specialization, Income Distribution, And International Trade, Haiwen Zhou
Economics Faculty Publications
The impact of international trade on a firm’s degree of specialization and income distribution is studied in a general equilibrium framework in which firms engage in oligopolistic competition. International trade increases a firm’s degree of specialization, but the number of goods a country produces may not change. Trade may lower the welfare of the scarce factor of production. Sufficient conditions for a country’s welfare to increase with trade are provided.
Relative Gains Problem And Case Studies Of Economic Cooperation In East Asia, Ping Deng
Relative Gains Problem And Case Studies Of Economic Cooperation In East Asia, Ping Deng
Graduate Program in International Studies Theses & Dissertations
Relative gains problem basically means unequal cooperative payoffs disproportionately favoring partners. With the relative gains problem widely accepted as a serious impediment to international cooperation, some scholars have theoretically argued or modeled several conditions that are most likely to foster a state's sensitivity to relative gains and thus substantially affect the prospects for cooperation. But little empirical work has been done to date. The central objective of this dissertation is to test whether those theoretical propositions can be supported by empirical evidence. For this purpose, we have deducted three hypotheses: (1) If a state faces military threat and zero-sum political …