Results 1-3 of 3
Is Pakistan's Growth Rate Balance-of-Payments Constrained?Policies and Implications for Development and Growth
(Taylor and Francis, 2010-11-25)
This paper examines the extent to which Pakistan's growth has been, or is likely to be, constrained by its balance of payments. Evidence presented suggests that Pakistan's maximum growth rate consistent with equilibrium on the basic balance is approximately ...
Where have All the Educated Workers Gone? Services and Wage Inequality in Three Asian Economies
The wage returns to college have risen relative to those to secondary education in many developing economies. In India, the Philippines and Thailand, this is related to the expansion of services employment. We show this using decompositions connecting ...
The Aggregate Production Function: ‘Not Even Wrong’
(Taylor and Francis, 2014-03-19)
The foundations of the aggregate production function were long ago thrown into doubt by problems of aggregation and the Cambridge capital theory controversies. Yet the aggregate production function, whether in the familiar form of the Cobb-Douglas, the ...