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). Domestic investments should be from Domestic Savings. Domestic Technology should be manned by Domestic Manpower. These could …
Persistent link: https://www.econbiz.de/10005408439
It is assumed that performance of production system can be described with the three variables: amount of production equipment -- capital stock $K$ and 'consumption' of labour L and capital services S. It is shown that the production function can be specified as the known Cobb- Douglas production...
Persistent link: https://www.econbiz.de/10005134973
Despite the shortcomings of Hayek’s spontaneous order, there is a positive side, perhaps even a positive feedback. Hayek left us with a “what if” question and returns us to that initial opening of Pandora’s Box, or perhaps the initial onset of neo-realism, neo-liberalism,...
Persistent link: https://www.econbiz.de/10005407658
Guangdong province. • Taiwan is upgrading its production technology while Hong Kong is improving its finances, transportation …
Persistent link: https://www.econbiz.de/10005408008
Economists measure the cost of protection in terms of static efficiency, growth rates and firm- or industry-level productivity effects. This survey is devoted exclusively to the literature on the static efficiency. A key preliminary point to note is that estimates in this literature are not...
Persistent link: https://www.econbiz.de/10005408009
different skill levels of the manufacturing labor force. Second, the paper investigates the role of technology in explaining the … magnitude of employment response following trade liberalization reforms. Our empirical results indicate that technology, as … competitive pressures on both domestic and foreign markets. Those firms that are endowed with upgraded technology are more likely …
Persistent link: https://www.econbiz.de/10005408010
Traditionally, food security is defined in terms of either food self-sufficiency or food self-reliance. The former requires production of various food items in the quantities consumed domestically while the latter requires domestic availability. Based on this distinction, self-sufficiency rules...
Persistent link: https://www.econbiz.de/10005408012
Theoretical comparisons of the welfare consequences of tariffs, subsidies and import licenses have relied on the assumption that firms reap no private benefits from the imposition of a tariff. This paper conducts an empirical analysis of whether a recent change in U.S. antidumping law known as...
Persistent link: https://www.econbiz.de/10005408013
This paper develops a dynamic monopolistic competition model with heterogenous firms to analyze the effects of uncertainty on international trade. We characterize a stationary equilibrium, with N symmetric countries, where firms’ productivities evolve stochastically over time. Our model...
Persistent link: https://www.econbiz.de/10005408015
Rules of origin arrangements under the Australia–New Zealand Closer Economic Relations Trade Agreement (CER) were referred to the Commission for examination and report by May 2004. The request stemmed from concerns that Australian and New Zealand firms were having difficulty achieving the...
Persistent link: https://www.econbiz.de/10005408017