Xuất bản: 27 July, 2022
Innovation has long been considered an important factor for creating and maintaining the competitiveness of nations and firms. Common knowledge stands that innovation is the cause of the increase of exports. However, contradicting empirical evidences...
Innovation and Export of Vietnam’s SME Sector.
Innovation has long been considered an important factor for creating and maintaining the competitiveness of nations and firms. Common knowledge stands that innovation is the cause of the increase of exports. However, contradicting empirical evidences are reported in the literature on the causality between innovation and export. In this paper we examine whether innovation performed […]
Xuất bản: 27 July, 2022
The main contribution of the paper is to provide a weaker nonsatiation assumption than the one commonly used in the literature to ensure the existence of competitive equilibrium. Our assumption allows for satiation points in the set of individually feasible...
Walras and Dividends Equilibrium With
Possibly Satiated Consumers.
The main contribution of the paper is to provide a weaker nonsatiation assumption than the one commonly used in the literature to ensure the existence of competitive equilibrium. Our assumption allows for satiation points in the set of individually feasible consump- tions, provided that the consumer has satiation points available to him outside this set. […]
Xuất bản: 27 July, 2022
We develop a model of optimal pattern of economic development that is first rooted in physical capital accumulation and then in technical progress. We study an economy where capital accumulation and innovative activity take place within a two sector model....
When Does a Developing Country Use New
Technologies?
We develop a model of optimal pattern of economic development that is first rooted in physical capital accumulation and then in technical progress. We study an economy where capital accumulation and innovative activity take place within a two sector model. The first sector produces a consumption good using physical capital and non skilled labor. Technological […]
Xuất bản: 27 July, 2022
Today, corruption has been recognized as one of the hardest obstacles to international development. It is specially challenging as corruption and underdevelopment mutually reinforces one another, creating a vicious cycle that traps many developing nations....
Corruption and Human Development
Today, corruption has been recognized as one of the hardest obstacles to international development. It is specially challenging as corruption and underdevelopment mutually reinforces one another, creating a vicious cycle that traps many developing nations. As numerous efforts around the world fail to move countries out of this trap, it has also been recognized that […]
Xuất bản: 27 July, 2022
This paper examines determinants of work participation and school attendance for children aged 7-15 using survey data from rural Ethiopia. To this effect, a bivariate probit model that addresses the interrelatedness of the two decisions is employed. Given...
Nature and Trade-off between Child Labour and Child Schooling in
Rural Ethiopia.
This paper examines determinants of work participation and school attendance for children aged 7-15 using survey data from rural Ethiopia. To this effect, a bivariate probit model that addresses the interrelatedness of the two decisions is employed. Given the agrarian nature of the economy, especial focus is given to child labour on family farms and […]
Xuất bản: 27 July, 2022
This paper examines a model of optimal growth where the aggregation of two separate well behaved and concave production technologies exhibits a basic non-convexity. First, we consider the case of strictly concave utility function: when the discount rate...
Non-convex Aggregate Technology and Optimal Economic Growth.
This paper examines a model of optimal growth where the aggregation of two separate well behaved and concave production technologies exhibits a basic non-convexity. First, we consider the case of strictly concave utility function: when the discount rate is either low enough or high enough, there will be one steady state equilibrium toward which the […]