The American Economic Review, Volume 70American Economic Association., 1980 Includes annual List of doctoral dissertations in political economy in progress in American universities and colleges; and the Hand book of the American Economic Association. |
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Página 952
... countries have the same tastes and technolo- gies ; since we are in a one - factor world there cannot be any ... countries will have the same wage rate , and that the price of any good produced in either country will be the same . The ...
... countries have the same tastes and technolo- gies ; since we are in a one - factor world there cannot be any ... countries will have the same wage rate , and that the price of any good produced in either country will be the same . The ...
Página 958
... countries export what they have home markets for . The results were arrived at , however , only for a special case designed to make matters as simple as possible . Our next question must be the extent to which these results generalize ...
... countries export what they have home markets for . The results were arrived at , however , only for a special case designed to make matters as simple as possible . Our next question must be the extent to which these results generalize ...
Página 982
... countries show no clear direction of causation.18 It is also worth noting that all five countries exhibit at least one negative corrective coefficient of past inflation . As shown in Table 3 , unexpected mon- etary growth does have a ...
... countries show no clear direction of causation.18 It is also worth noting that all five countries exhibit at least one negative corrective coefficient of past inflation . As shown in Table 3 , unexpected mon- etary growth does have a ...
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adjustment Amer AMERICAN ECONOMIC REVIEW analysis assets assumed assumption average behavior coefficient compensating variation consumer consumer's surplus consumption cost curve demand function downside risk Econ effect efficient elasticity equal equation equilibrium equity estimated exchange rate expected farms Figure firm foreign exchange foreign exchange market human capital implies income increase indifference curves industry inflation interest rate investment investors labor force LDCs marginal maximize measure ment mention THE AMERICAN monetary money illusion Nash equilibrium nomic optimal output P₁ paper Pareto optimal percent period Ph.D Phillips curve portfolio problem production profits rate of inflation ratio rational expectations regression regulation relative REVIEW When Writing risk aversion sector spells spot price subsidy Table tariff theory tion tive trade uncertainty unem unemployment University utility function variable wage Writing to Advertisers yields zero