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作者：Huang, JK; Rozelle, S
作者单位：Stanford University; CGIAR; International Food Policy Research Institute (IFPRI); Chinese Academy of Agricultural Sciences; China National Rice Research Institute, CAAS
摘要：This paper focuses on measuring the relative importance of the role of technology versus that of institutional innovation in China's rural economy, A six-equation rice sector model explaining provincial-level technology adoption, yield, and factor demand are econometrically estimated using data from China's 13 rice growing provinces for the period 1975-90, Growth decomposition analysis identifies technology adoption as the most important determinant of rice yield growth during 1978-84, account...
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作者：Ma, CH; Smith, BD
作者单位：Federal Reserve System - USA; Federal Reserve Bank - Minneapolis
摘要：A model of credit markets in which there is a costly-state-verification problem is integrated into a neoclassical growth model. The presence of a credit market friction gives rise to credit rationing, which in turn impacts on the growth path of an economy. The model delivers predictions about the co-movements between per capita income, credit rationing, interest rates, and factor prices. The implications of the model are generally empirically supported in U.S. and Taiwanese data. The model als...
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作者：Krishna, K; Tan, LH
作者单位：National Bureau of Economic Research; McGill University
摘要：In a static perfectly competitive model, it is well understood that a quota license has a scarcity value. In a dynamic setting with uncertainty, the license price has two additional components, both of which arise from the fact that the license is valid for an entire year. They are the asset market component and the option value component. In this paper, we construct a model of the quota license market in which the license demand and supply functions incorporate these various components, and e...
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作者：Feenstra, RC
摘要：In many endogenous growth models, trade leads to the convergence of growth rates across countries. What has not been adequately recognized is that this result depends on one crucial assumption: that trade occurs simultaneously with the international diffusion of knowledge. If instead we drop this assumption, and consider the case where no diffusion of knowledge occurs, then we find that trade in goods can lead to a divergence of growth rates, We also explore how these results are affected by t...
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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：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...
