The stability of factor shares has long been considered one of the “stylized facts” of macroeconomics. However, the relationship between cross-country factor shares and economic development is dependent on how factor shares are measured. Most factor share studies acknowledge only two factors of production: total capital and total labor. The failure to acknowledge more than two factors yields mi...

Recent trade data exhibit the following four empirical regularities: (i) countries import only a small fraction of all traded varieties (ii) per capita income and the number of imported varieties correlate positively (iii) per capita income and trade shares correlate positively and, finally, (iv) world trade shares have increased substantially. The present paper argues that standard theories fa...

BACKGROUND The setting of realistic performance-based financing rewards necessitates not just knowledge of health workers' salaries, but of the revenue that accrues from their additional income-generating activities. This study examined the coping mechanisms of health workers in the public health sector of Nasarawa and Ondo states in Nigeria to supplement their salaries and benefits; it also es...

Perusahaan yang memiliki kinerja cukup baik akan lebih diminati oleh para investor. Kinerja perusahaan meningkat berpengaruh pada meningkatnya harga saham dan diharapkan return diterima investor meningkat. Terutama LQ45 terdaftar di BEI paling banyak Skripsi ini bertujuan untuk mengetahui pengaruh price earning ratio Price to Book Value terhadap secara parsial maupun simultan. Metode digunakan ...

We analyze the trading activity in an Internet chat room with approximately 1,300 participants. Traders make posts in real time about their activities. We find these traders are more skilled than retail investors analyzed in other studies. 55% make profits after transaction costs, and they earn $153 per trade. Traders hold their winners 25% longer than their losers. They have statistically sign...