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There is renewed interest in robust estimates of food demand elasticities at a disaggregated level not only to analyse the impact of changing food preferences on the agricultural sector, but also to establish the likely impact of pricing incentives on households. Using data drawn from two...
Persistent link: https://www.econbiz.de/10011169754
We document evolving patterns in the inflation-unemployment relationship in Australia in the frequency domain under different monetary policy regimes and labor market regulations. The RBA adopted monetary targeting in 1976 and inflation targeting in 1993. There were important changes in the...
Persistent link: https://www.econbiz.de/10011114212
Persistent link: https://www.econbiz.de/10011120958
Whether sectoral diversification affects the exchange rate regime choice and the mechanisms through which this effect might work are largely unknown. This study identifies two mechanisms through which sectoral diversification and exchange rate regime choice may be related, namely the external...
Persistent link: https://www.econbiz.de/10011048543
Although the importance of the elasticity of substitution between capital and labor (σ) has long been recognized in several branches of economics, it has not received enough attention in the growth literature. de La Grandville (1989) showed theoretically that at any stage of an economy's...
Persistent link: https://www.econbiz.de/10011051727
The value of the elasticity of substitution between labor and capital (ó) is a “crucial” assumption in understanding the secular decline in labor share of income (Piketty (2014a), Karabarbounis and Neiman (2014)) and long-run growth (Solow, 1956). This paper begins by examining the role of...
Persistent link: https://www.econbiz.de/10011067194
Although the importance of the elasticity of substitution between capital and labor (σ) has long been recognized in several branches of economics, it has received too little attention in the growth literature. This paper aims to partly rectify this omission by exploring the growth potentials...
Persistent link: https://www.econbiz.de/10004997875
The elasticity of substitution between capital and labor (σ) is a second-order parameter of the production function but has a first-order effect on economic growth. Although the importance of this elasticity has long been recognized in several branches of economics, it has received too little...
Persistent link: https://www.econbiz.de/10004997886
In discrete choice models the marginal effect of a variable of interest that is interacted with another variable differs from the marginal effect of a variable that is not interacted with any variable. The magnitude of the interaction effect is also not equal to the marginal effect of the...
Persistent link: https://www.econbiz.de/10004997899
This paper uses household and village level survey data to investigate the food security of male and female headed households in Bangladesh with particular attention to indigenous ethnic groups. Given the broadness of the concept of food security and complexities of choosing any particular...
Persistent link: https://www.econbiz.de/10004997932