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作者：Goldberg, LS
作者单位：National Bureau of Economic Research; New York University
摘要：Many countries have multiple exchange rate regimes, with black or secondary currency markets operating alongside an exchange rate pegged or determined in interbank or auction markets. Leakages occur across these markets, necessitating careful analysis of the dynamic effects of numerous policy instruments. Using a model with multiple exchange rates and leakages, we trace the dynamic effects on official and parallel foreign exchange markets of exchange rate unification, changes in foreign exchan...
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作者：CHAO, CC; YU, ESH
作者单位：Chinese University of Hong Kong; Louisiana State University System; Louisiana State University
摘要：This paper examines the shadow price of foreign exchange for a dual economy with tariffs, quotas, or VERs. We show that the shadow exchange rate is greater than the official rate in the presence of tariffs, whereas it is greater or smaller than the official rate in the presence of quotas, depending upon whether capital is sector-specific or perfectly mobile. Furthermore, the shadow exchange rate is unambiguously smaller than the official rate for the VER case when capital is intersectorally mo...
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作者：EDWARDS, S; BACHA, EL
作者单位：The World Bank; National Bureau of Economic Research
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作者：CARDENAS, M; PONTON, A
摘要：This paper extends the empirical new growth literature to the analysis of cross-departmental data from a developing country. The paper tests whether there has been any convergence in the per-capita income across regions in Colombia and discusses the role of labor migration in that context. The paper also tries to identify those factors that explain growth differentials across regions in the postwar period. The results suggest that Colombia is a very successful story of regional convergence. In...
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作者：Raut, LK
摘要：We test the R&D spillover hypothesis of the endogenous growth literature using panel data for a sample of private manufacturing firms in India over the period 1975-1986. We estimate an extended production function that includes the firm's own R&D capital stock and the spillover effect of the industry-wide R&D capital stock as inputs, as well as physical capital and labor hours. We specify models which eliminate three sources of estimation bias and flawed hypothesis tests: serially correlated e...
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作者：BASU, K
作者单位：Delhi School of Economics
摘要：The paper examines the relation between civil norms and evolution. The survival of norms in the long run may depend on the evolutionary process and natural selection. The sieve of natural selection may ensure that norms which persist must have minimal efficiency properties. This paper begins with a general discussion of evolutionary processes and the survival of civil institutions. It then presents an introductory account of the theory of evolutionary games. It is argued that the model of evol...
