Showing 1 - 10 of 18
Because Hayek’s view goes beyond the Walrasian framework, his descriptive arguments on socialist planned economies are prone to be misunderstood. This paper clarifies Hayek’s arguments by using them as a basis to construct a model of total factor productivity. The model shows that...
Persistent link: https://www.econbiz.de/10008855541
Optimal production decisions depend on local market characteristics. This paper develops a model to explain firm labor demand and firm density across regions. Firms vary in their technology to combine imperfectly substitutable worker types, and locate across regions with distinct distributions...
Persistent link: https://www.econbiz.de/10010598185
This paper estimates the economic returns to education in China from 1989 to 2009, using the China Health and Nutrition Survey (CHNS) dataset. We find that education returns for one additional year generally increase from 2.6% in 1989 to 7.9% in 2009. Education returns, however, may reflect...
Persistent link: https://www.econbiz.de/10011258797
The rapid and massive increase in rural-to-urban worker flows to the coast of China has drawn recent attention to the welfare of migrants working in urban regions, particularly to their working conditions and pay; serious concern is raised regarding pay discrimination against rural migrants....
Persistent link: https://www.econbiz.de/10005040690
Penang has always been a focal point, absorbing knowledge (and popular culture) from civilizations to the East and West … the development of Penang as an increasingly important Asian knowledge hub. One of the highlighted results of our paper …
Persistent link: https://www.econbiz.de/10009328144
This paper analyzes the role of innovation activities in the export participation of Chinese high-tech firms during the … firm-level innovation efforts, measured by R&D and product innovation dummies, play only a minor role for domestic … exporters. Foreign-invested firms dominate the high-tech exports but do not rely on indigenous innovation activities. These …
Persistent link: https://www.econbiz.de/10009203610
already visible, other influences are beginning to be felt – arising from China’s coordination, innovation and financing power. …
Persistent link: https://www.econbiz.de/10011257939
underlying inventions – i.e., their ability to be transformed into something useful and thus constitute innovation. And this is …-think these approaches as ways to stimulate innovation in China. …
Persistent link: https://www.econbiz.de/10011258904
long-run growth by increasing the profit from innovation. In the short run, factors of production must be reallocated … inside firms, which lowers the opportunity cost of innovation, generating an additional "trapped factor" effect. Starting …
Persistent link: https://www.econbiz.de/10010747939
somewhat discourage building of quality patents and related innovation in China. …
Persistent link: https://www.econbiz.de/10011108770