Why are prices so low in Asia?

Article Abstract:

The reasons behind low price levels in Asian developing countries have been examined by focusing on differences in prices of non-tradables. It has been observed that domestic price levels in Asian countries are closer to 'world' levels than in other developing countries. Data from the UN International Comparison Project show Asia has relatively low prices for tradables and non-tradables. Findings reveal Asia's low prices spring from the region's high labor endowments and populations which depress non-tradable prices.

Economic aspects, Prices, Developing countries, Asia

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Evaluating the impacts of human capital stocks and accumulation on economic growth: some new evidence

Article Abstract:

An alternative measure of human capital, based on school enrollment rates and labor force data, that can distinguish between stocks and flows has been developed. The measure is then applied to data samples from industrialized and developing countries between 1960 to 1985. Results indicate that there are important growth effects associated both with 'initial' stocks of, and subsequent growth in, human capital. The new measure is better than school enrollment rates in evaluating human capital.

Econometrics & Model Building, Methods, Measurement, Econometrics, Economic development, Human capital, Business models

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Output, productivity and wages in the British coal industry before 1914: a model with evidence from the Durham region

Article Abstract:

An economic model of the UK coal industry during 1882-1914 is presented. It explains the negative relationship between wage rates and labor productivity. It also predicts the effects of various factors on mining productivity in the Durham district. Quantitative investigations of the model's predictions using econometric methods are provided.

Bituminous Coal and Lignite Mining, Coal, Coal Mining, Research, Models, Coal industry, Labor productivity

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