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This article estimates the relationship between the provision of public infrastructure and private output in 16 sectors in Mexico. The sector-specific cost functions depend on wages, the cost of capital, and the nominal values of the stocks of three types of infrastructure: electricity,...
Persistent link: https://www.econbiz.de/10015159630
We construct a intertemporal general equilibrium model and use it to examine infrastructure effects on Mexican national income. We consider three types of infrastructure, electricity, transportation, and communications. We then estimate production functions for the 16 major sectors of the...
Persistent link: https://www.econbiz.de/10014063882
An intertemporal general equilibrium model is used to examine infrastructure effects on the Mexican national income. Production functions are estimated for the major sectors of the economy in which sectoral output depends on inputs of capital and labor, as well as the stocks of the public...
Persistent link: https://www.econbiz.de/10012782083
We estimate a measure of the repression of the Chinese price level by developing a simple analytical model which derives a 'true' rate of inflation on the basis of the different rates of change of the stock of money in circulation and the nominal value of retail sales. This true rate of...
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