-
作者：Karayalçin, C; Mitra, D
作者单位：State University System of Florida; Florida International University
摘要：We study a small open economy with two sectors and two factors of production, in one of the sectors, external economies of scale are generated through the industry-level capital input. This leads to a divergence between private and social production possibility frontiers as well as to multiple equilibria. The equilibrium selection problem that arises is solved by agents who follow a simple trial-and-error learning rule. The growth path of the economy as agents learn lies below the production p...
-
作者：Laffont, JJ; N'Guessan, T
作者单位：Universite de Toulouse; Universite Toulouse 1 Capitole; Universite de Toulouse; Universite Toulouse 1 Capitole
摘要：The paper reconsiders the relationship between competition and corruption in a model, where corruption has solid informational foundations and where the regulatory response to the possibility of corruption is taken into account. It is shown that the effect of greater competition on corruption depends on the complementarity or substitutability of the two instruments available to decrease information rents, namely low powered incentives and greater competition. The paper concludes with a brief e...
-
作者：Ray, T
作者单位：Cornell University
摘要：The paper develops a new explanation of sharecropping based on the idea of an incentive equilibrium. It considers a set-up in which a few landlords in a village confront the choice of cultivating their farms by adopting different tenurial arrangements, ranging from owner operation, through the fixed-rental system to sharecropping. These landlords are the only sources of employment in the village, and compete in the wages they pay to their workers. In such an environment sharecropping is explai...
-
作者：Li, HG
作者单位：Hong Kong University of Science & Technology
摘要：An analysis of the production reports on a panel of state factories in Guangdong province, China, during 1980-1987, reveals very rapid TFP growth. By linking factory performance with local characteristics, we find that the overall market environment has a significant positive impact on the state factories. Even without privatization or similarly drastic reform measures, these factories show remarkable responsiveness to market incentives. Detailed examinations of labor force composition also in...
-
作者：Diao, XS; Roe, T; Yeldan, E
作者单位：University of Minnesota System; University of Minnesota Twin Cities; United States Department of Agriculture (USDA); Ihsan Dogramaci Bilkent University
摘要：We introduce and explore a general equilibrium model with R&D-driven endogenous growth, whose antecedents are the models of Romer (1990) [Romer, P.M., 1990. Endogenous technological change. Journal of Political Economy, 98, S71-102] and Grossman and Helpman (1991) [Grossman, G.M., Helpman E., 1991. Innovation and Growth in the Global Economy, The MIT Press, Cambridge]. Utilizing evidence front recent econometric studies on sources of growth, the model also accounts explicitly for cross-border ...
