Results 1-3 of 3
The Distribution of Optimal Liquidity for Economic Growth and Stability
(Korea Institute for International Economic Policy, 2015-12-18)
This research paper intends to redefine and extend the concept of ‘optimal liquidity’ discussed in Han and Lee (2012). For this purpose, we have distinguished between liquidity held by households and liquidity held by firms following Levhari and Patinkin ...
Estimating Regional Matching Efficiency in the Indian Labor Market: State-Level Panel Data for 1999-2013
(Korea Institute for International Economic Policy, 2015-12-30)
We analyze state-level matching efficiency in the Indian labor market using stochastic frontier analysis. The key contribution of this research is the estimation of matching efficiency at the state level because the estimates can be used for a state-level ...
Income Distribution and Growth under A Synthesis Model of Endogenous and Neoclassical Growth
(Korea Institute for International Economic Policy, 2015-08-28)
This paper develops a model which allows us to analyze the effect of policies that influence income distribution between capitalists and workers (such as taxes and market imperfections) on the log-run growth path of an economy. More specifically, we ...