This paper introduces the concepts of direct and indirect factor trade utility functions and uses them to derive Marshallian and Hicksian factor content functions, which express the quantities of factors embodied in ...
Neary, J. Peter(University College Dublin. School of Economics, 1994-06-16)
This paper develops a two-country model of trade and factor mobility in which capital is sector-specific but internationally mobile. The model avoids the implausible predictions of specialisation in Heckscher-Ohlin models ...
How—and how well—do food markets function in famine conditions? The controversy surrounding this question may benefit from historical perspective. Here we study two massive famines that struck France between 1693 and 1710, ...
Research suggests that teenage childbearing adversely affects both the outcomes of the mothers as well as those of their children. We know that low-educated women are more likely to have a teenage birth, but does this imply ...
Using data from the period 1970-1991, Romer and Romer (2000) showed that Federal Reserve forecasts of inflation and output were superior to those provided by commercial forecasters. In this paper, we show that this superior ...
Using data from the period 1970-1991, Romer and Romer (2000) showed that Federal Reserve forecasts of inflation and output were superior to those provided by commercial forecasters. In this paper, we show that this superior ...