The Economic Gains from Equity

Who Gains from Child Labor? A Politico-Economic Investigation

This paper develops a positive theory of the adoption of child labor restrictions (CLR). The key mechanism in our model is an interaction between parental decisions on family size and their preferences for CLR. While parents with few children have little to gain from child labor and are therefore likely to favor CLR, parents with many working children would be expected to oppose CLR. Fertility ...

Eciency gains from regionalization: economic development in China revisited

This paper uses a DEA model of multi-unit eciency measurement to investigate the gains from regional analysis of ecient economic development. The model is applied to the Chinese city economic development data used by Charnes, Cooper, and Li in a recent issue of this journal to demonstrate the usefulness of alternative DEA-based measures in economic development policy. Assuming that Chinese ci...

Imposing inequality restrictions: efficiency gains from economic theory

Econometricians may feel that imposing inequality restrictions improves statistical efficiency, but no real empirical evidence exists. The results of a Monte Carlo experiment show that imposing the curvature conditions on a system of demand equations improves the MSEs on estimated elasticities from 3 to 50% depending on the signal-to-noise ratio and the sample size.  2001 Elsevier Science B.V....

The Gains of Economic Integration: Substantive Evidence for an Australia-Korea Free Trade Agreement

Abstract On 6 December 2006, Australia and Korea announced a joint study on a possible Australia-Korea free trade agreement (AKFTA) to promote trade and economic relations between the two countries. The paper provides empirical evidence on the possible gains and their transmission mechanism from this agreement. Significantly, it uses a new economic policy modelling approach, the endogenous grav...

Equity and the economic evaluation of healthcare.