The link between skill acquisition and earnings is one of the cornerstones of labour economics. The conventional view is that, all else being equal, workers with relatively higher stocks of embedded skills will receive a relatively higher return when supplying labour. The link between skills and...

Purpose: The purpose of this paper is to develop a new framework to test the hypothesis that portfolio model predicts a negative correlation between stock prices and exchange rates in a trivariate transmission channel for foreign portfolio equity investment. Design/methodology/approach: This...

Heterogeneous panel causality tests are employed to consider the relationship between urbanization change and economic growth. Urbanization causes economic growth in high-income countries, but noncausality could not be rejected for both middle-income and Latin American countries. A...

This article presents new evidence on urban–rural migrant wage differentials of workers in full-time employment in China. It utilises a nationally representative data set, recent matching techniques, and IV estimation methods to evaluate conditional and unconditional quantile treatment effects...

This article presents new international estimates of human capital for the period 1970–2003. The new latent index is used to re-examine the Benhabib and Spiegel (2005) model of technology diffusion in a horse-race with the competing indicators of Barro and Lee (2010) and Hanushek and Wößmann...

type="main" xml:id="ecor12133-abs-0001" <p>This article examines the role played by primary and secondary equity markets in economic growth. It departs from standard literature to integrate both markets and to explicitly acknowledge the primary equity market. By employing a variety of dynamic panel...</p>