Detail Long-run issues in the dynamic, open economy: Essays on trade, factor mobility, integration and economic growth Bibliografi Author: Boadway, Robin (Advisor); Bodman, Philip Marcus ; Lapham, Beverly (Advisor) Topik: ECONOMICS; GENERAL Bahasa: (EN )    ISBN: 0-612-20553-3     Penerbit: QUEEN'S UNIVERSITY AT KINGSTON (CANADA)     Tahun Terbit: 1997     Jenis: Theses - Dissertation Fulltext: NQ20553.pdf (0.0B; 0 download) Abstract This thesis examines the nature of international factor flows and the impact that trade and factor mobility has on economic growth and the pattern of economic development. Firstly, using a simple dynamic, general equilibrium model, the impact of labour migration on growth and economic convergence is examined when human capital exhibits externalities which generate potential increasing returns to scale in production. Various patterns of migration and growth are possible given the parameters of the model and the model illustrates that Brain Drain migration outcomes can lead to no convergence in output and growth rates across countries and possibly divergence. The importance of altruism and familial decision making as a rationale for migration, when individuals care about the human capital or educational opportunities facing future generations, is also highlighted. The thesis then analyses the magnitude and importance of capital and labour flows and trade for economic growth, using time series techniques of cointegration, vector error correction and analysis of structural break. The so-called Feldstein-Horioka Puzzle, implying limited international capital mobility, is refuted for various OECD countries once appropriate time series techniques are used to overcome statistical problems with standard econometric methods. The export-led growth hypothesis is supported for two small open economies, Australia and Canada, using cointegration methods, although the magnitude of the relationship between exports and output growth is found not to be large. Finally, the long-run importance for economic growth in Australia, and Canada of openness, integration and migration, as well as disaggregated capital (including a proxy for human capital), is examined by using time series techniques to estimate well-specified long-run production functions. Trade, openness and migration are again found to be significant determinants of economic growth, at least for the two small open economies examined. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Lihat Sejarah Pengadaan  Konversi Metadata   Kembali

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