We extend the Jones (1971) analysis of the effects of distortions in static 2x2 trade models to the case of a two sector dynamic general equilibrium model of a small open economy with capital accumulation. In contrast to the short run results, the direction of impact of factor market distortions on steady state values do not depend on the value and physical intensity ranking of the sectors. How...

The purpose of this research is to examine the factors that influence earnings management in consumer goods manufacturing companies listed on Indonesia Stock Exchange. These are Tax Planning, Capital Intensity, Earning Power and Institutional Ownership as moderating variables. population used all industry Exchange from 2018 2021. sample study 116 data match criteria. Samples were selected using...

This article uses co-integration and related techniques to test for a long-run causal relationship between the fiscal and external deficits of three post-transition countries in Central and Eastern Europe. In addition, an import propensity model is tested by applying OLS and GMM. All the results reject the Twin Deficits Hypothesis. Instead, the results demonstrate that specific transition facto...

Fears of rising income inequalities loom large in recent discussions of how globalization and in particular migration are affecting economies and societies [1]. This paper addresses the question how labor immigration is related to wage inequality by using a specific-factors trade model. We show that the impact of immigration of low or highly skilled labor on wage inequality depends mainly on th...

This study examined the impact of the financial crisis on the environmental and technical efficiencies of the Japanese manufacturing industry. Overall, we found that while the crisis had a negative impact on technical efficiency it did not affect environmental efficiencythe only exception was the transportation equipment sector which improved its environmental efficiency following the crisis. A...

BACKGROUND This study aimed to assess the recent changes of radiation therapy (RT) modalities in Korea. In particular, we focused on intensity-modulated radiation therapy (IMRT) utilization as the main index, presenting the application status of advanced RT. METHODS We collected information from the Korean Health and Insurance Review and Assessment Service data based on the National Health In...

We investigate the growth optimal strategy over a finite time horizon for a stock and bond portfolio in an analytically solvable multiplicative Markovian market model. We show that the optimal strategy consists in holding the amount of capital invested in stocks within an interval around an ideal optimal investment. The size of the holding interval is determined by the intensity of the transact...

We examine the impact of balanced-budget consumption taxes on the existence of expectations-driven business cycles in two-sector economies with infinitely-lived households. We prove that, whatever the relative capital intensity difference across sectors, aggregate instability can occur if the consumption tax rate is not too low. Moreover, we show through a numerical exercise based on empiricall...

Wages are determined by the fierce struggle between capitalist and worker. The capitalist inevitably wins. The capitalist can live longer without the worker than the worker can live without him. Combination among capitalists is habitual and effective, while combination among the workers is forbidden and has painful consequences for them. In addition to that, the landowner and the capitalist can...

This paper applies a two good, multi-region Ramsey-Solow model to determine the impact of future demographic change on international living standards and the optimal rate of national saving. Notable features of the model include: an outward looking model of utility, a premium in the interest rate for capital importing regions, an exchange rate expressed as the relative price of traded and non-t...