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作者：HATZIPANAYOTOU, P; MICHAEL, MS
作者单位：University of Connecticut; University of Cyprus
摘要：Most less-developed countries (LDCs) use foreign economic aid to finance public consumption goads, or public intermediate inputs. This paper constructs a two-country general equilibrium trade model, where an income transfer that takes place between the two countries is used by the recipient to finance a public consumption good. Within this framework, the paper identifies the conditions under which the income transfer improves or deteriorates the donor country's terms of trade, and shows that t...
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作者：SCHAFFNER, JA
摘要：Two facets of attached farm labor arrangements - the 'servility' often required of attached laborers, and employers' interest in maintaining such workers' 'limited horizons' - are described and incorporated into an otherwise standard model of attached and temporary agricultural employment, substantially modifying the model's predictions. The dependence of workers' preferences on reference group behavior (which underlies employers' interest in limiting horizons) may enable employers to drive ev...
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作者：NEHRU, V; SWANSON, E; DUBEY, A
作者单位：University System of Maryland; University of Maryland College Park
摘要：The paper describes the techniques and data adopted for the construction of a new series of estimates of the stock of education in 85 countries over 28 years (1960-87). The series are built from enrollment data using the perpetual inventory method, adjusted for mortality. Estimates are corrected for grade repetition among school-goers and country-specific drop-out rates for primary and secondary students. Enrollment data series used start as far back as 1930 for most countries, and even earlie...
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作者：DEMIRGUCKUNT, A; HUIZINGA, H
作者单位：Tilburg University; The World Bank
摘要：This paper investigates the significance of non-resident taxation and other investment costs in determining equity returns in emerging stock markets. Capital gains taxes on non-residents are shown to significantly increase required pre-tax equity returns, which is consistent with a generally limited creditability of foreign capital gains taxes in the capital exporting countries. Most countries tax inflationary as well as real capital gains, which means that inflation can have an independent po...
