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This paper presents a simple classroom experiment for first-year university students of introductory economics, about participation in a competitive labour market. The students are designated as workers and the lecturer/tutor represents the numerous employers in this experiment. The experiment...
Persistent link: https://www.econbiz.de/10008727761
This paper presents a simple classroom experiment that helps students make economic decisions about participation in the labour market. The students are designated as workers and are given information about their skill endowments, marginal productivities and opportunity costs. The lecturer, who...
Persistent link: https://www.econbiz.de/10014219765
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Time series analyses generally rely on having a relatively high frequency of consistent and reliable data to work with. However for many of the South Pacific Island Nations (SPINS), data on major macroeconomic series, like GDP, are typically available only annually from the early 1980s. This...
Persistent link: https://www.econbiz.de/10010611228
This study analyses long-run level relationships between total factor productivity (TFP) and a set of variables (the degree of openness of an economy, the different roles of government, and human capital) that are hypothesised as the major factors that drive TFP in the High-Performing Asian...
Persistent link: https://www.econbiz.de/10010611236
This paper uses hierarchical cluster analysis to examine the degree of economic integration among member countries of the Association of Southeast Asian Nations (ASEAN), and Japan, China and the Republic of Korea during three time periods: 1969-1984, 1985-1994 and 1995-2009. The results indicate...
Persistent link: https://www.econbiz.de/10009364295
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Previous empirical work on the effect of government intervention on economic performance has used government spending as a proxy for intervention. This proxy is imperfect as many East Asian economies have low levels of government spending but high levels of government intervention. This paper...
Persistent link: https://www.econbiz.de/10011533268