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作者：Feenstra, RC; Madani, D; Yang, TH; Liang, CY
作者单位：University of California System; University of California Davis; National Bureau of Economic Research; The World Bank; Academia Sinica - Taiwan
摘要：We evaluate the endogenous growth hypothesis using sectoral productivity data and the product variety of exports for South Korea and Taiwan. We find that changes in relative export variety (entered as either a lag or a lead) have a positive and significant effect on total factor productivity (TFP) in nine of the 16 sectors, Seven out of these sectors are what we classify as secondary industries, in that they rely on and produce differentiated manufactures, and therefore seem to fit the idea of...
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作者：Ashworth, J; Evans, L; Teriba, A
作者单位：Durham University
摘要：This paper demonstrates the importance of allowing for structural breaks in the time-series when investigating the relationship between the official and the parallel markets in foreign exchange. Only when structural breaks are accounted for does a relationship emerge in Nigeria. We find that over the period 1980-1993, the official rate has Granger-caused the parallel rate. (C) 1999 Elsevier Science B.V, All rights reserved.
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作者：Farzin, YH
作者单位：University of California System; University of California Davis
摘要：The paper examines the optimal saving policy for a small exhaustible resource-exporting economy (ERE) that has an exhaustible asset and a reproducible capital stock. It shows that, both in magnitude and time profile, the optimal saving policy for an ERE sharply differs from (a) that of a nonextractive economy and (b) that derived from the conventional models of growth with exhaustible resources. These differences arise from the specific economic features that distinguish the small resource-exp...
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作者：Dasgupta, D
作者单位：Indian Statistical Institute; Indian Statistical Institute Delhi
摘要：The paper constructs a model of endogenous growth where infrastructure acts as an accumulable stock generating a nonrival input service. Steady state growth paths are studied for Market and Command Economies. In the former, a final good is produced privately and, as in many developing economies, infrastructure accumulated on noncompetitive basis by the State. The Command Economy allocates resources by solving a grand optimization exercise. The transitionally stable steady growth rate for the M...
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作者：Handa, S; Kirton, C
作者单位：CGIAR; International Food Policy Research Institute (IFPRI); University West Indies Mona Jamaica
摘要：Using a unique sample of rotating savings and credit association (Rosca) members from Jamaica, we provide the first econometric tests of the recent theoretical advances in the literature on Roscas, and find considerable support for an economic theory of Roscas. We find, for example, that payments to the Rosca leader significantly enhance the sustainability of the Rosca, and that the contractual relationship between the leader and other Rosca members is 'transaction cost minimizing' - when the ...
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作者：de Aghion, BA
作者单位：University of London; University College London
摘要：This paper develops a model of a (laissez-faire) decentralized banking system in which banks are shown to both underinvest in, and undertransmit expertise in long-term industrial finance. Government support for one financial institution ('the development bank') can serve to reduce these problems, but unqualified government support alone is not enough. The efficiency of government sponsorship can be enhanced if certain conditions are attached to that sponsorship. Crucially, these include target...
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作者：Peretto, PF
作者单位：Duke University
摘要：To account for the qualitative differences between developed and developing countries, this paper argues that the expensive in-house R&D that manufacturing firms undertake in advanced industrial economies cannot be supported in countries that are in the early stage of industrialization and do not have sufficiently large markets for manufacturing goods. Such economies grow as standard development models predict: by accumulating physical and human capital and increasing specialization by industr...
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作者：Matthiasson, T
作者单位：University of Iceland
摘要：The model developed in this paper attempts to provide an explanation of the fact that Icelandic vessel owners and Icelandic skippers do not share costs of operation of a vessel. Tn the model, a skipper is contracted to take a fishing vessel to the fishing ground. The skipper is remunerated with a share of the catch, subject to an agreed minimum. Skippers and vessel owners are modelled as if risk-neutral. Skippers develop a fishing strategy which is more costly, the higher the value of the pote...
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作者：Gatsios, K; Hatzipanayotou, P; Michael, MS
作者单位：University of Cyprus; Athens University of Economics & Business; Aristotle University of Thessaloniki
摘要：This paper highlights the importance of the public finance aspects of international migration on wages and welfare. We construct a general equilibrium model of a labor-exporting (i.e., source) or of a labor-importing (i.e., host) country with identical consumers, producing many private traded goods and one public consumption good. Within this framework, it is shown that contrary to the existing literature, international migration may have adverse effects on wages and welfare in both countries,...
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作者：Angelsen, A
作者单位：CGIAR; Center for International Forestry Research (CIFOR)
摘要：This paper compares four different modelling approaches to agricultural expansion and deforestation, and explores the implications of assumptions about the household objectives, the labour market, and the property rights regime. A major distinction is made between population and market based explanations. Many of the popular policy prescriptions are based on the population approach, assuming subsistence behaviour and limited market integration. Within a more realistic-particularly for the long...
