present the characteristics and evolution of earth, labour and capital supply and demand in the 19th century. Attention has …

Purpose – Although the importance of the elasticity of substitution between capital and labour (s) has been recognized …/value – This paper offers a new perspective on the elasticity of substitution between capital and labour due to its evaluation of …

In recent years, employment has grown strongly while output has grown modestly. This implies a weak growth in labour … labour productivity outcomes, with a focus on developments in the composition of growth. We also examine whether recent … output and strong growth in labour are indeed unusual when compared with previous experiences. However, we also find that the …

interest to policymakers with regard to remittances--how to manage their macroeconomic effects, and how to harness their … remittances on recipient economies. In broad terms, the findings of this paper tend to confirm the main benefit cited in the … microeconomic literature: remittances improve households' welfare by lifting families out of poverty and insuring them against …

financial crisis in Asian countries and modern Russian transition. The Asian crisis began in July 1997 when the Thai devaluation …

How should firms decide whether and when to invest in new capital equipment, additions to their workforce, or the … exposition of a new theoretical approach to the capital investment decisions of firms, stressing the irreversibility of most … theory of options in financial markets, which permits a much richer dynamic framework than was possible with the traditional …

This paper addresses the relationship between remittances and home country investment in developing countries. It … impact of remittances on home country investment. The key contribution of the paper is to show that different transaction … remittance flows through the loanable funds market, yields several intuitive results. First, the marginal impacts of remittances …