Qualitatively Rational Expectations and Adjustment in the Specific‐Factors Model

Albert, Max; Meckl, Jürgen

doi:10.1111/1467-9396.00135

Cited by 3 publications

(3 citation statements)

References 15 publications

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“…In addition, the model opens up the possibility of analyzing the link between endogenous growth and trade liberalization based on q ‐theory approaches (cf. Baldwin and Forslid, , or Albert and Meckl, ).…”

Section: Discussionmentioning

confidence: 99%

Occupational Choice, Aggregate Productivity, and Trade

Meckl

Weigert

2013

Review Development Economics

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. www.econstor.eu The Institute for the Study of Labor (IZA) in Bonn is a local and virtual international research center and a place of communication between science, politics and business. IZA is an independent nonprofit organization supported by Deutsche Post Foundation. The center is associated with the University of Bonn and offers a stimulating research environment through its international network, workshops and conferences, data service, project support, research visits and doctoral program. IZA engages in (i) original and internationally competitive research in all fields of labor economics, (ii) development of policy concepts, and (iii) dissemination of research results and concepts to the interested public. Terms of use: Documents in D I S C U S S I O N P A P E R S E R I E SIZA Discussion Papers often represent preliminary work and are circulated to encourage discussion. Citation of such a paper should account for its provisional character. A revised version may be available directly from the author.

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Section: Discussionmentioning

confidence: 99%

Occupational Choice, Aggregate Productivity, and Trade

Meckl

Weigert

2013

Review Development Economics

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“…On the other hand, the model opens up the possibility of analyzing the link between endogenous growth and trade liberalization based on q-theory approaches (cf. Forslid, 2000, or Albert andMeckl, 1998).…”

Section: Discussionmentioning

confidence: 99%

Occupational Choice, Aggregate Productivity, and Trade

Meckl

Weigert

2011

SSRN Journal

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Occupational Choice, Aggregate Productivity, and Trade *We propose occupational decisions of heterogeneous individuals as an alternative mechanism of explaining the distribution of firm productivities emphasized by empirical studies. Thus, we integrate the frameworks of Melitz ( 2003), and of Manasse and Turrini (2001) that establish the theoretical base of trade models with heterogeneous firms. Our model is technically much simpler than the Melitz approach while preserving the main results on firm-selection effects due to international market integration. Our approach paves the way for detailed analysis of institutions in a heterogeneous firm model to better understand the link between institutions and an economy's productivity distribution.

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“…Roldos used a model conceptually very similar to ours to examine the effects of various types of tariffs on the current account. More recent uses include: Kose (2002), which uses a similar model to find the proportion of business cycle movements in developing economies attributable to international price fluctuations; and Albert & Meckl (1998), which examines the role of qualitatively rational expectations in capital accumulation.…”

Section: Introductionmentioning

confidence: 99%

The Economic Reunification of Korea: A Dynamic General Equilibrium Model

Bradford

Phillips

2004

SSRN Journal

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This paper constructs a dynamic specific factors model to examine the impact of the economic reunification of North and South Korea. The model is a compromise between the highly stylized neoclassical models of trade found in the theoretical trade literature, and the highly aggregated models used in dynamic macroeconomics. We find that the policies with the biggest effects on aggregate output are changes in government tax and spending rates, particularly spending on infrastructure. In contrast, we find that both skilled and unskilled wages are much more responsive to the particulars of trade policy, particularly openness to intra-Korea trade and intra-Korea labor mobility. The location of production in a fully integrated Korean economy is determined by the location of infrastructure.

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Qualitatively Rational Expectations and Adjustment in the Specific‐Factors Model

Cited by 3 publications

References 15 publications

Occupational Choice, Aggregate Productivity, and Trade

Occupational Choice, Aggregate Productivity, and Trade

Occupational Choice, Aggregate Productivity, and Trade

The Economic Reunification of Korea: A Dynamic General Equilibrium Model

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