Showing 1 - 10 of 15
Brain drain is a core economic policy problem for many developing countries today. Does relative inequality in source and destination countries influence the brain-drain phenomenon? We explore human capital selectivity during the period 1820-1909.We apply age heaping techniques to measure human...
Persistent link: https://www.econbiz.de/10010280801
The paper investigates the extent to which the dollar/sterling exchange rate fluctuations affect coffee and cocoa futures prices on the London LIFFE and the New York CSCE by means of multivariate GARCH models - under the assumption that traders in perfectly competitive markets have equal access...
Persistent link: https://www.econbiz.de/10010291928
In this study of Ghana integrated to the world economy, we focus primarily on Ghana-UK-Germany trade axis partly … because of Ghana's relative dependence on the EU for her international trade. The study employs „representative“ country … the EU in particular influence Ghana's policy goals of GDP and bilateral export growth, the nominal current account and …
Persistent link: https://www.econbiz.de/10010295355
Throughout the period 1871-1938, the average British worker was better off than the average German worker, but there were significant differences between major sectors. For the aggregate economy, the real wage gap was about the same as the labour productivity gap, but again there were important...
Persistent link: https://www.econbiz.de/10010266982
The relationship between training and firm-level employment adjustment given an unanticipated fall in product demand has been central to human capital theory. The most cataclysmic negative output shock occurred in 1929/30. At this time, easily the most important source of United Kingdom general...
Persistent link: https://www.econbiz.de/10010261536
Persistent link: https://www.econbiz.de/10010264857
The paper presents a statistical generalisation, to working families in the whole of Britain, of Rowntree's finding that absolute poverty declined dramatically in York between 1899 and 1936. We use poverty lines devised by contemporary social investigators and two relatively newly-discovered...
Persistent link: https://www.econbiz.de/10010269465
Based largely on industry-level aggregate statistics, the prevailing view, and one that has strongly influenced macroeconomic thought, is that real wages during the cycle containing the Great Depression are either acyclical or countercyclical. Does this finding hold-up when more micro data are...
Persistent link: https://www.econbiz.de/10010269762
We present the first broadly representative study for any early twentieth century economy of the extent to which quoted company ownership was already divorced from managerial control. In the 337 largest, independent, UK companies in the Investor's Year Book (those with £1m or more share capital...
Persistent link: https://www.econbiz.de/10010288848
Using historical data, we test the validity of Wagner's law of increasing state activity at different stages of economic development for five industrialized European countries: the United Kingdom, Denmark, Sweden, Finland and Italy. In order to investigate the coherence between Wagner's law and...
Persistent link: https://www.econbiz.de/10010289312