Results 161 to 170 of about 167,612 (303)

Frisch Elasticity, Directed Technical Change, and Automation: A Unified Framework for Wage Polarization and Skill Premium Dynamics

open access: yesBulletin of Economic Research, EarlyView.
ABSTRACT This paper examines how labor‐supply responsiveness, captured by the inverse Frisch elasticity, shapes wage inequality in the presence of directed technical change and automation. We develop a dynamic general equilibrium model with task‐based production, heterogeneous labor, and endogenous R&D.
Óscar Afonso
wiley   +1 more source

Entrepreneurial State as a Creative Destroyer: Comparison of Hong Kong and Singapore's Creative Industries

open access: yesCreativity and Innovation Management, EarlyView.
ABSTRACT This paper explores the limits of mission‐directed entrepreneurial states by drawing on the theory of recombinant innovation and F.A. Hayek's insights on the spontaneous growth of knowledge in society. First, the use of discretionary policymaking curtails the range of knowledge generated in the process of social interaction, limiting the scope
Bryan Cheang, Praharsh Mehrotra
wiley   +1 more source

Colonial wars and trade restrictions: Fighting for exclusive trading rights

open access: yesCanadian Journal of Economics/Revue canadienne d'économique, EarlyView.
Abstract This paper develops a model of colonial wars and trade restrictions, in which two metropolises compete for control over a colony's trade policy. In equilibrium, the metropolis that gains control can improve its terms of trade by restricting its rival's access to colonial trade.
Ivan G. Lopez Cruz, Gustavo Torrens
wiley   +1 more source

What if the expected is not the most likely outcome? Four examples giving pause for thought and reconsideration

open access: yesEconomica, EarlyView.
Abstract The foundational nature of expectations‐based theories and the prominence of symmetric unimodal stochastic assumptions in economic research render the expected outcome the go to locational focus throughout its many realms. When symmetric unimodality prevails, expected and most likely outcomes are identical; however, when it does not, they are ...
Gordon Anderson
wiley   +1 more source

Toward the great divergence: Economic growth in the Yangzi Delta, 1393–1953

open access: yes
Asia‐Pacific Economic History Review, Volume 65, Issue 1, Page 160-162, March 2025.
Runzhuo Zhai
wiley   +1 more source

Dynare replication of “A Model of Secular Stagnation: Theory and Quantitative Evaluation” by Eggertsson et al. (2019)

open access: yesEconomic Inquiry, Volume 63, Issue 2, Page 403-423, April 2025.
Abstract This paper replicates the study “A Model of Secular Stagnation: Theory and Quantitative Evaluation” by Eggertsson et al. using the Dynare toolkit. Replication is important as it confirms the results of the original article, provides a user‐friendly version using Dynare, and shows how to deal with large‐scale models with occasionally binding ...
Alex Crescentini, Federico Giri
wiley   +1 more source

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