— Based on an extended Social Accounting Matrix (SAM) for 2002–03, this study shows how sectoral growth in India affects inequality. A breakdown of the wage account into three educational levels and 10 sectors of employment improves the link between sectoral expansion and household income in the SAM. The results show that only agricultural growth reduces inequality, while growth in heavy manufa...

PURPOSE To report the cosmetic and therapeutic use of corneal tattooing for a child with sectoral traumatic corneal scarring and symptomatic glare from sectoral traumatic iris loss. DESIGN Interventional case report. METHODS A six-year-old girl underwent corneal tattooing (platinum chloride reduced by hydrazine) in the relevant scarred corneal sector. RESULTS Six months after the procedur...

The competence-exploiting subsidiaries of MNEs extend and adapt for local conditions competencies that were previously developed by their parent companies. In contrast, competence-creating subsidiaries broaden the profiles of competence of their corporate groups. Competence-creating subsidiaries are likelier to source knowledge from their own local environment. We distinguish between ‘sticky’ t...

According to the classical Ricardian theory of comparative advantage, relative labor productivities determine trade patterns. The Ricardian model plays an important pedagogical role in international economics, but has received scant empirical attention since the 1960s. This paper assesses the contemporary relevance of the Ricardian model for US trade. Cross-section seemingly unrelated regressio...

Using sectoral intangible investment data we confirm that intangible capital is a significant determinant of labour productivity growth. The sectoral setting further allows us to identify the differential impacts of intangible capital across industries with varying degrees of ICT intensity. Intangible capital appears to be significantly more productive in ICT-intensive sectors than in those tha...

Here we supplement some earlier work (Beaudry and Portier [2004]) with some new evidence obtained from Japanese and U.S. sectoral data. Our results show that (i) In the U.S. as well as for Japan, Stock Prices short run movements incorporate most (all) of the long run shocks to Total Factor Productivity and (ii) the Stock Price news is indeed a shock that does not affect sectoral TFP s on impact...

We develop a two-sector economy where each sector is classified as classical/Keynesian (contract/noncontract) in the labor market and traded/nontraded in the product market. We consider the effects of changes in monetary and exchange rate policy on sectoral and aggregate prices and outputs for different sectoral characterizations. Duca (1987) shows that nominal wage rigidity facilitates the eff...

Opening the capital account allows financially constrained firms to raise capital from abroad. Since capital and skilled labor are relative complements, this increases the relative demand for skilled labor versus unskilled labor, leading to higher wage inequality. Using aggregate data and exploiting variation in the timing of capital account openings across 20 mainly European countries, I find ...

In this paper we examine the role played by environmental externalities in shaping the dynamics of an economy with two sectors (a farming sector and an industrial one), free inter-sectoral labor mobility and heterogeneous agents (workers/farmers and industrial entrepreneurs). We find that, in the presence of the environmental pressure of the economic activity of the industrial sector, the stabi...

The purpose of this study is to evaluate the impact of import of technology on Iranian Economy. We have used multi-sectoral and multi–regional computable general equilibrium GTAP model. Transfer of technology from one region to another is another factor effecting productivity. Trade is one of the channels that speeds the transfer of technology. The effect of a ten percent productivity shock, in...