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A factor proportions model examines the effects of falling energy input and its rising price in the US economy based on a novel production function motivated by the definition of physical work. This physical production function specifies separate interaction of energy and labor with capital,...
Persistent link: https://www.econbiz.de/10011100083
This paper analyzes whether complexity, measured by the number of skilled tasks that are performed simultaneously in production, explains countries' commodity trade structure. We modify Romalis (2004) model to incorporate differences in complexity across commodities together with differences in...
Persistent link: https://www.econbiz.de/10010569703
This volume was prepared by Sebastian Benz while he was working at the Ifo Institute. It was completed in December 2013 and accepted as a doctoral thesis by the Department of Economics at the University of Munich. It includes five self-contained chapters. All chapters discuss different...
Persistent link: https://www.econbiz.de/10010889981
This paper develops a quantitative, multi-country model of endogenous growth, international trade, and international knowledge flows in order to understand how access to both foreign products and technologies, together, influences innovation incentives and the world distribution of income. An...
Persistent link: https://www.econbiz.de/10010775239
partial (SIM 2) productivity increases on the economy, gender employment, wages, income and welfare in South Africa. The model …, productivity has negative employment impact of all skills mostly in labour-intensive sectors. Some displaced labour relocates to …, however, decline because they are concentrated in low-paying positions. In addition, productivity improves household’s welfare …
Persistent link: https://www.econbiz.de/10005773204
The goal of this article is to investigate the role of product variety and changes in the product variety in the patter of exports of Poland a middle-sized open economy in the second phase of economic transition to a benchmark group of countries – EU15. The analysis covers the period 1999-2006...
Persistent link: https://www.econbiz.de/10008506795
productivity in the first period after entry. This occurs for both total factor productivity (TFP) and labour productivity growth …
Persistent link: https://www.econbiz.de/10008542327
The theoretical literature on trade and growth suggests that comparative advantage is endogenous and evolves over time. However, most of the empirical analysis of international trade flows is essentially static in nature. This paper proposes an empirical model of the dynamics of international...
Persistent link: https://www.econbiz.de/10005504676
The purpose of the present paper is to review the sources of France's trade surplus in recent years and to attribute trade balance movements strictly to those determinants of trade flows suggested by economic theory. These determinants are price and/or cost developments, and demand in France and...
Persistent link: https://www.econbiz.de/10005486887
This paper investigates the behaviour of Korean trade flows during the last three decades, and presents estimates of aggregate export and import equations. In particular, it considers different choices for scale and price variables, and assesses the relative merits of these alternative...
Persistent link: https://www.econbiz.de/10005497842