Two-digit manufacturing industry-level production functions are used to test efficiency wage propositions. Conclusive tests require functional forms which allow differences in elasticities of substitution between observable human capital, wage premia and other inputs. Results demonstrate that...

This study investigates the spillover effects of return and volatility between Brent oil market and stock markets (comparing oil market with both stock markets of oil-exporting and oil-importing countries together and individually) by spillover index. We further use parametric and nonparametric...

Human capital raises rural incomes, but this effect is swamped by higher returns to human capital in urban markets. This leads to "brain drain" from rural areas. Populations grow more rapidly in rural counties that have a diversified employment base. Farm population grows faster (or declines...

Human capital raises rural incomes, but this effect is swamped by higher returns to human capital in urban markets. This leads to “brain drain” from rural areas. Populations grow more rapidly in rural counties that have a diversified employment base. Farm population grows faster (or declines...

This study tests whether evidence supports the hypothesis that rural immigrant populations are more sensitive to relative returns to human capital and living costs will be more elastic than those of native-born citizens. An empirically tractable model of incentive to migrate is developed...

As an emerging country and one of the most populous countries in the world, Indonesia requires a sufficient energy supply to ensure the nation’s continued development. In response to this increasing energy demand, various studies have proposed energy-saving measures; building envelope design...