In this paper, we provide an overview of the relationship between international migration and international trade as well as capital movements. After taking a brief historical perspective, we first investigate migration flows between two countries in a static, neoclassical context. We allow for a disaggregated view of migration that distinguishes between different types of labor and emphasizes ...

This paper investigates the endogenous money supply hypothesis in Iran. To this end, we attempt to find causality directions between bank credits and money aggregates. Utilizing Diks and Panchenko’s (2006) nonparametric Granger causality test for the time series data over the period 2006:04-2018:12 confirms the existence of a significant causality running from bank credits to money aggregates. ...

this study examins effects of trade liberalization on the wage inequality between urban and rural labor by utilizing the data of micro-level households’ income and expenditures surveys and trade statistics over 2001-2011. the analysis is carried based on the heckscher–ohlin’s theory in international trade and baker’s taste discrimination theory at firms. we use quantile regression and ordinary ...

investigation into total phenolics and their spectrum in the buds and corms of saffron crocus and a study of polyphenol oxidase changes in the apical bud during different stages of growth and development showed that changes in the growth and development of the apical bud may be related to changes in the composition of phenolics in the corm. a sudden intense change in content and kind of phenoli...

the growth of regional trade blocks has been one of the major developments in international relations in recent years. regional agreements vary widely but, all have the objective of reducing barriers to trade between member countries that in most cases result in increasingly trade flows and economic growth. this paper attempts to explore the results of trade integration in eco, eu and oic block...

Red-tape barriers (RTBs) are an important source of trade costs, but have received little scholarly attention. Here we take a first step toward a theory of RTBs, and show that their implications are very different from those of more traditional trade barriers. Our model highlights that RTBs have important impacts on the extensive margin of trade, and yields rich predictions on how changes in th...

In the first module of this class we will study asset pricing implications of recursive contract theory. I will start by reviewing asset pricing in complete markets. Chapter 8 in Ljungqvist and Sargent (2004) provides background reading. The main topic of this module is asset pricing in an environment with limited commitment. As in the complete markets environment, agents can still trade a comp...