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A NON‐TRADABLE WAGE GOOD IN A RICARDIAN MODEL
Metroeconomica, 1995ABSTRACTAn increasing cost in the provision of a non‐tradable wage good presents an obstacle to accumulation which cannot be bypassed through imports. An alternative solution involves channeling the landlords' rental income into subsidizing the production of the wage good.
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The Determinants of Non-tradables Inflation [PDF]
, 2014 This article examines the factors that explain inflation in prices of non-tradable items in the CPI. Non-tradable goods and services by definition have relatively little exposure to international competition. Consequently, their prices are more likely to be influenced by developments in the domestic economy, particularly the extent of spare capacity in
David Jacobs, Thomas Williams
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Granting non‐tradable stock options: the opportunity costs for shareholders and employees
The Journal of Risk Finance, 2006Purpose – Firms grant non‐tradable stock options to their employees as an incentive device. Is the cost of issuing these options equal to the amount the company would receive if it sold the same options to outside investors? The evaluation of this cost is the main objective of this article.
ROSSINI, GIANPAOLO, Michele Moretto
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Non-Tradable Share Reform, Liquidity and Stock Returns in China
SSRN Electronic Journal, 2014AbstractThis article studies the influence of the non‐tradable share reform in the cross‐section of stock returns in China. Prior research has generally neglected this important development in the Chinese stock market. We find that the firm‐specific illiquidity measures that reflect direct transaction costs, price impact and difficulties in trading ...
Chi‐Hsiou D. Hung +2 more
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Non-tradability interval for heterogeneous rational players in the option markets
Computational Management Science, 2021zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Yossi Shvimer, Avi Herbon
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Location choice, competition, and welfare in non-tradable service FDI
International Review of Economics & Finance, 2009Abstract We investigate whether non-tradable service FDI is efficient from a welfare point of view. A fixed number of firms strategically decide which markets to locate in and then compete in quasi-Cournot fashion. Considering firm location in two symmetric markets, non-tradable service FDI may or may not be efficient for the source country ...
Hiroshi Kurata +2 more
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Natural resource dependence, non-tradables, and economic growth
Journal of Comparative Economics, 2010Abstract I argue that the commonly used nominal measure of natural resource dependence – the share of exports of primary products in GNP – understates in growth regressions the negative link between natural resource dependence and per capita GDP growth.
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Exchange rate regimes, banking and the non-tradable sector
Journal of Monetary Economics, 2007Abstract This paper presents a small-open-economy, two-good version of the Diamond and Dybvig model with cash constraints to analyze the implications on banking of different exchange rate regimes and monetary policies. I show that fixed exchange rates with a Central Bank providing liquidity in local currency imply Pareto efficiency, with conditions ...
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Politicians, insiders and non-tradable share reform decisions in China
Journal of International Financial Markets, Institutions and Money, 2016Abstract We use the natural experiment provided by the non-tradable share (NTS) reform in China to examine how CEOs respond to a time-window within which they were able to convert non-tradable shares into tradable shares. We find that more politically connected firms delayed the conversion, on average.
Jing Liao, Chris Malone, Martin Young
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EXPLAINING TRADABLE AND NON‐TRADABLE PRICES IN THE U.K.*
The Manchester School, 1996A marked divergence in inflation rates between the tradable and nontradables sectors has been a feature of some European Union economies, notably Italy, Spain, and the United Kingdom, since the early 1980s. This paper sets out a theoretical framework, which treats as alternatives the assumptions that firms in the tradable sector are price-takers or ...
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