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作者:Echevarria, C; Merlo, A
作者单位:University of Saskatchewan; New York University
摘要:We explore the issue of gender differences in education in the context of a two-sex overlapping generations model where men and women of each generation bargain over consumption, number of children, and investment in education of their children. We show that the gender difference implied by our model is smaller than the one that would result from a pure investment model. We use our model to estimate the cost to a woman of having a child, The estimate we obtain is about 5% of the working lifeti...
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作者:Ellingsen, T; Wärneryd, K
作者单位:Stockholm School of Economics
摘要:This paper makes the point that an import-competing industry may not want maximal protection. The reason is that a high level of protection encourages inward foreign direct investment, which could be even less desirable than import competition. A government captured by the domestic import-competing industry consequently will set the level of protection low enough to limit direct foreign entry. This paper also establishes results regarding the form of protection. Voluntary export restraints are...
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作者:Kelejian, HH; Prucha, IR
作者单位:University System of Maryland; University of Maryland College Park
摘要:This paper is concerned with the estimation of the autoregressive parameter in a widely considered spatial autocorrelation model. The typical estimator for this parameter considered in the literature is the (quasi) maximum likelihood estimator corresponding to a normal density. However, as discussed in this paper, the (quasi) maximum likelihood estimator may not be computationally feasible in many cases involving moderate- or large-sized samples. In this paper we suggest a generalized moments ...