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Institutions and Transition
Institutions transition evolutionary-institutional shock therapy gradualism China law
2015/9/22
This essay examines the evolution of both institutions and economists' thinking on institutions during transition. Early in transition, institutions were virtually ignored in the majority of normative...
Fostering civil society to build rajzl and Murrell institutions
civil society institutional reform civil society aid interest groups post-communist countries developing countries
2015/9/22
We revisit the ubiquitous claim that aiding civil society improves institutional outcomes. In our model, a vibrant civil society initiates public debate in a reform process otherwise dominated by part...
Young (2005) argues that HIV related population declines reinforced by the fertility
response to the epidemic will lead to higher capital-labor ratios and to higher per capita
incomes in the aected...
AIDS, \Reversal" of the Demographic Transition and Economic Development: Evidence from Africa
HIV/AIDS Fertility Growth
2015/9/21
Between estimates that exploit cross-sectional variation suggest a
positive signicant eect of HIV/AIDS on fertility, whereas within estimates that are
identied of o time-series variation show bo...
Stimulating Economic Growth through KnowledgeBased Investment
KnowledgeBased Economic Growth
2015/9/21
The Working Paper series of the OECD Directorate for Science, Technology and Industry is designed
to make available to a wider readership selected studies prepared by staff in the Directorate or by ...
ON THE HADAMARD PRODUCT OF HOPF MONOIDS
Species Hopf monoid Hadamard product generating function
2015/8/14
Combinatorial structures which compose and decompose give rise to Hopf
monoids in Joyal's category of species. The Hadamard product of two Hopf monoids
is another Hopf monoid. We prove two main resu...
The Annual World Bank Conference on Development Economics is a forum for discussion
and debate of important policy issues facing developing countries. The conferences
emphasize the contribution that...
The Global Production Line Position of Chinese Firms
Global value chains production line position upstreamness
2015/7/21
A key trend in international trade over the last two decades has been the rising fragmentation
of production across countries. We use rm-level customs data, matched manufacturing census
data, and I...
Parameterized Expectations Algorithm: How to Solve for Labor Easily
Monte Carlo simulation nonlinear models numerical solution parameterized expectations PEA
2015/7/21
Euler-equation methods for solving nonlinear dynamic models involve parameterizing some policy functions. We argue that in the typical macroeconomic model with valuable leisure, labor function is part...
Solving nonlinear dynamic stochastic models: An algorithm computing value function by simulations
Nonlinear stochastic models Value function Parameterized expectations Monte Carlo simulations Numerical solutions
2015/7/21
This paper presents an algorithm for solving nonlinear dynamic stochastic models that computes value function by simulations. We argue that the proposed algorithm can be a useful alternative to the ex...
Indeterminacy in a log–linearized neoclassical growth model with quasi-geometric discounting
The neoclassical growth model discounts nonlinear model logarithm linear function
2015/7/21
This paper studies the properties of solutions to a log–linearized version of the neoclassical growth model with quasi-geometric discounting. We show that after the log–linearization, the model has in...
A model of unbalanced sectorial growth with application to transition economies
Growth model Increasing returns to scale Agriculture
2015/7/21
A model of unbalanced sectorial growth with application to transition economies.
Solving the incomplete markets model with aggregate uncertainty using the Krusell–Smith algorithm
Dynamic stochastic models Heterogeneous agents Aggregate uncertainty Euler-equation methods Simulations Numerical solutions
2015/7/21
This paper studies the properties of the solution to the heterogeneous agents model in Den Haan et al. [2009. Computational suite of models with heterogeneous agents: incomplete markets and aggregate ...
Capital–Skill Complementarity and Balanced Growth
Capital - Skill complementary balanced growth
2015/7/21
Capital–Skill Complementarity and Balanced Growth.
Solving the multi-country real business cycle model using ergodic set methods
Heterogeneous agents Numerical methods Stochastic simulation Parameterized expectations algorithm Projection Perturbation
2015/7/21
Solving the multi-country real business cycle model using ergodic set methods.