Why are prices so low in Asia?
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.
Publication Name: World Economy
Evaluating the impacts of human capital stocks and accumulation on economic growth: some new evidence
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.
Publication Name: Oxford Bulletin of Economics & Statistics
Output, productivity and wages in the British coal industry before 1914: a model with evidence from the Durham region
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.
Publication Name: Bulletin of Economic Research
- Abstracts: An aggregative model of capital accumulation with leisure-dependent utility. Habit persistence, money, and overlapping generations
- Abstracts: Unraveling in guessing games: an experimental study. Gender and culture: international experimental evidence from trust games
- Abstracts: Discounting and optimizing: capital accumulation problems as variational minmax problems. Multi-commodity consumer search
- Abstracts: Effects of financial liberalization on four Southeast Asian financial markets, 1973-94. The prospects of an ASEAN free trade area
- Abstracts: Non-scale models of economic growth. Policy implications of new data on income mobility