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作者：Woo, J
作者单位：DePaul University; Organisation for Economic Co-operation & Development (OECD)
摘要：This paper is motivated by an important puzzle that arises from the contrasting macroeconomic experience across developing regions in the recent decades. In sharp contrast to East Asia, the fiscal policies in much of Latin America and sub-Saharan Africa are characterized by large fiscal deficits and volatilities of fiscal outcomes. In order to address both large deficits and volatile fiscal outcomes, we develop a simple model of endogenous fiscal policy in which government spending is strategi...
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作者：Marjit, S
摘要：We attempt to trace the consequences of liberal economic policies on informal wage in a general equilibrium model with formal informal labor markets, wage-differential, vertical linkage and restricted capital movement. In particular, we show that the informal wage, representing income for a vast segment of unskilled labor may actually increase even if more people are employed in the informal segment. This also confirms that a contraction in the formal sector employment and the consequent expan...
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作者：Marjit, S; Beladi, H
作者单位：North Dakota State University Fargo
摘要：In this paper, we argue that the Harris-Todaro, (HT) framework sometimes satisfies an envelope property, which makes it work like a full-employment Heckscher-Ohlin-Samuelson (HOS) model. Then, the HT structure produces very similar results as one gets in the standard HOS framework. Differences arise because the envelope condition may break down. We show how several celebrated results in the HT structure can have this reinterpretation. (C) 2003 Published by Elsevier B.V.
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作者：Docquier, F; Rapoport, H
作者单位：Stanford University; Universite de Lille; Universite de Lille
摘要：We develop a model of interdependency between emigration, education investment, and discrimination, in the context of an ethnically divided developing economy. Assuming a rent-extraction basis for discrimination, we first endogenize ethnic discrimination in the benchmark case of an economy closed to migration, and then explore how migration prospects affect ethnic inequality. Under the free migration assumption, we find the intuitive result that migration prospects have a protective effect on ...
